Evening star., 1950-11-19

ceed David s. Hendrick Of Wash
ington.
Mr.. Giegengack announced that
after a long vacation he plans to
resume activities in the graphic
arts field. AS president and gen.
eral manager of the National
Graphic Arts Exposition, Inc, he
was prominent in staging the re-
cent Graphic Arts Exposition in
Chicago and received the first
annual graphic arts man-of-the-
year award at the annual conven-
ton Of the Printing Industry Of
America.
He served as public printer here
from 1884 to 1948. longer than
any predecessor.
Loan League to Hear Fisher.
Charles T. Fisher. recently ap-
pointed administrator Of real
estate credit controls for the Fed
eral Reserve System, Is among the
prominent speakers who will ad-
dress the United States Savings
and Loan League at its 58th
annual convention here q week
from tomorrow. November ~.
Others who will address the
ive-day meeting will include DR..
Summer Slichter of Harvard.
Moley, Chairman Brent
Spence Of the House Banking and
Currency Committee and William
K. Divers. chairman, Home Loan
Bank Board. More than 1900
savings and loan executives from
over the Nation will attend.
Monday and Tuesday will be
taken up with committee meet
ings and general sessions will get
underway at the Statler Wednes-
day when Henry A. Bubb Of
Topeka, Kans., national president,
will give his annual report.
Speakers on Thursday will in
clude Mr.. Divers, Representative
Spence and Mr.. Fisher. A round
table on home building and
financing Is scheduled. For the
annual election. Walter j. L. Ray
OF Detroit has been nominated as
next president. Ben Hazen Of
Portland. Oreg.. has been nomi-
mated vice president.
DR.. Slichter. Mr.. Moley and
Kenneth Mcfarland Of Topeka,
Kans., will speak Friday.
Industrialists Optimistic.
Several industrial leaders, here
Tor the excess profits tax hearings
Of the House Ways and Means
Committee In the last week, ex-
pressed belief privately that the
administration will fail to get its
proposal through the present Con-
gress.
Belief also was expressed that
Of the committees in
quiIy to the administration's plan
would prove of doubtful value in
rallying support for the measure
from within the Democratic Party.
The industrialists were cheerful
on the general business outlook,
despite current confusion. One
appliance manufacturer, however,
said his company's business had
fallen sharply in the last month
and one-third Of It's raw material
would be shut off by defense pro-
duction directives.
d. C. Store Sales Turn Up.
After declining for three weeks,
Washington department store
sales in the week ended November
II bounced 80 per cent above the
previous week, but remained 2 per
cent behind the like 1949 week,
the Federal Reserve Bank Of
Richmond reported. Sales In four
weeks ended November IL were
6 per cent below a year earlier.
Prince Georges Bank & Trust
Co., will distribute around $780,
900 to more than 5000 Christmas
Savings Club members late this
month and Christmas Clubs for
next year will open November
"a, President T. Howard Duckett
Woodward & Lothrop directors
have declared regular quarterly
dividends Of so cents a common
share, and $1.25 on preferred
stock, both payable December %
to holders of record December 7.
National Mortgage and Invest
ment Corp, directors declared a
dividend Of 30 cents, payable De-
cember IS.
Equitable Agent Retires.
j. E. Rice, general agent here
for the Equitable Life of Iowa for
% years, has retired and has been
succeeded by Dewitt w. Zook. it
was announced last night. Mr.,
Rice has been with Equitable for
81 years.
Mr.. zook. a native of Washing
ton, spent % years as a field un-
derwriter and district supervisor
For Sun Life of Canada.
The Leaders Club of Washing
ton. which includes top ranking
life underwriters in the District,
will hold dinner meeting at
Hotel 2400 Tuesday, starting at
pm. "Pros and Cons of Term
Insurance" will be discussed.
Howard Chase, special consult
ant to Secretary of Commerce
sawyer and public relations direc-
or for General Mills, will address
he Sales Executives Club at a
.2:30 pm. luncheon tomorrow at
he Mayf1ower.
New Bills Due This Week.
Don't be alarmed and call the
Secret Service if some OF the crisp.
lew. SIS, $40 and $40 bills you
nay get in few days look a little
lifferent from the bills you are
lsed to. The Bureau of Engrav-
ng has just changed the design
u these notes and the first will
,e put into circulation ~ the
Federal Reserve Bank Of Rich.
nond this week.