Evening star., 1950-04-03
Executives Promoted
By Subsidiaries Of
Garfincke| & Co.
By Edword 6. Stone

Russell H. Tucker has been
elected executive vice president of
the A. De Pima Co., New York
specially shop, subsidiary of
Julius Garflnckel g. Co.. of Wash
ington. Mr.. Tucker is a vice pres
ident of Brooks Brothers, also
owned by Garf1nckel.
Mr.. Tucker joined the De Pima
Co., in 1948 as assistant to the
president. Prior to that he was a
divisional merchandise manager
with the Garfinckel firm here and
B. Altman g. Co.. New York.
The election of Ashbel T. Wall
as vice president of Brooks Bros.
also was announced today. He has
been with the store since 1910
and is the fifth straight descen-
dent of the Brooks family to be
in the management. The an
nouncements were made by John
c. Wood, president of both COM
panies.
Five Speakers Announced.
Five outstanding insurance lead
ers have been announced as
speakers at the Washington-Balti-
more Life Insurance Sales Con-
gress to be held at the Shoreham
Hotel on April 20.
They include E. J. Moorehead,
executive vice president, U. S. Life
Insurance Co.. New York; Ralph
G. Engelsmsn, general agent,
Penn Mutual. New York City:
Roderick Pirnie, Mass. Mutual
general agent, Providence. r. l.:
Harry R. Schultz. Chicago agent,
Mutual Life; and Glenn w. Is
erig. general agent, Reliance Life,
Cincinnati.
Mickey Smith, Washington
chairman, has arranged to send
300 members to the all-day session.
Underwood Gets New Post.
Don Underwood, former Wash
ington correspondent of the In
dianapolis News, has been elected
Washington manager for Bozell
& Jacobs. Inc, of New York, public
relations and advertising firm.
The firms Offices are in the Kass
Building.
Paul R. Ashbrook, Washington
agent of the Farm Bureau 1nsur-
ance Co., will address the annual
meeting in Columbus, Ohio. on
Wednesday. Recently he won the
Man of the Year Award" He
is vice president of the D. c.
Credit Union League and active
in the Credit Union National As
sociation.
The Prudential Insurance Co.
opened an agency business
conference in the Shoreham Hotel
today.
Loan Conference Ends.
Most of the members Of the
District Building and Loan
League were back today from the
conference at Hollywood. Fla. The
group reported an exceptionally
fine program.
Two Washington speakers took
part, Clarence E. Kefauver. presi-
dent of the Columbia Federal
Building e. Loan Association. and
o. K. La Rogue. member of the
Federal Home Loan Bank Board.
About 400 were present.
The United States Savings and
Loan League has just completed a
review of home style trends in the
last so years. Homes have be-
come smaller as the size of fam
lilies has declined, the result OF
increased taxes, rising building
costs, higher wages. heating ex-
penses and maintenance costs,
the report says.
Higher Yields Held Vital.
Invested capital must increase
at a rate Of at least 2l2 percent
compounded annually just to keep
up with the long term decline in
the purchasing power of the dol
lar, according to the Keystone
Company Of Boston. This means
that capital has to earn and be
compounded at a rate of 3 per-
cent annuity to make any ap-
preciable gain over the cost of
living.
A study of the dollar in terms
of what it would buy in the past
so years, as reported by the in
vestment company shows that
$4,000 set aside In cash in 1900
would be worth only 3,400 today