Evening star., 1950-01-12

tary of State from March, 1947,
until he resigned in March, 1949.
He will continue to reside in Wash
ington and have his offices here.
Trust Company Votes Extra.
Directors of the Washington
Loan g. Trust Co. have declared
an extra dividend of 81 per share
, in addition to the regular quar-
terly dividend of SO, both payable
February / to stock Of record jan
uary 20. The board also author
lied the transfer of $250,000 from
undivided profits to surplus. At
the organization meeting. Presi-
dent Alfred H. Lawson and all
other officers were reelected
as follows:
Charles Doing boaEd H,ds chairman: chairman:
sss Ssgh NEE .ss
president; George o. schweinhalt. treas
Mason sna a.rrs si'sI e. sm HAIRY
treasursrs; Bernard L. Amiss, trust ON
Chadwick. assistant trust ofncers: Ed
assistant Ii ssssesry req ssai nad
and Francis NJ: Wilcox, assistant real
estate a ofncsrs; Eossrs p Quinn; auditor. sam
Stock Increase Approved.
Stockholders Of the Suburban
National Bank have approved an
increase Of 10000 shares of new
capital stock to be sold at $24 per
share. Present stockholders will
be allowed to subscribe for one
share for each six now owned.
President Fred l.. Lutes reported
an increase In deposits of $3.522.-
8l2 during 1949 and $1.164. .402 in
loans. Resources totaled $685.
961 1885 at the year end. The
bank earned $3.18. per share
against $295 in 1948. of which
$1.2o was paid in dividends and
$1.98 added to surplus. Net
profits after taxes amounted to
$191 1858.
Metropolitan Board Named.
c. r. jacobson was reelected
president of the National Metro
politan Bank. the other officers
including:
r. T.. HIIderbrand. Robert II. Lacey.
Ge9rge s,n ?. EsInSassw s;nn.s aer5srt D. LAWSON
nfans. :. N.ynsla.. ssass eassr; s &: VIII VIII:
sseton asd hdxsIa I. psaa psss.sssnt trust
Sesrs q cred,1. IisG aaesi Ss,oI.ou & sT'sht
iers: M 1. T. case. .adisor; c. =. 7. 4. osiiSy.
genersl counsel.
National Officer Here.
Judd c. Benson. president Of the
National Life Underwriters Asso-
citation. was the big drawing card
at today's January luncheon in the
Mayhower ballroom, with w. j.
McCausland presiding. Mr.. Ben
son presented the views of the ma
tional association on pending So
cial security legislation in Con-
gress, q subject In which the men,
bers are deeply concerned.
Howard B. Noyes was listed by
error as president instead Of vice
president of the Washington Gas
Light Co., In his election as a di-
rector Of the National Savings d
Trust Co.
John D. Marsh. insurance lead
er, will be host to so guests at the
Columbia Country Club tomorrow
evening, in celebration Of an ex-
ceptional business year. Mr.. Marsh
today announced appointment OF
Menard boswell as a firm associ-
ate.
Record Business Holds Up.
william G. Hills, managing di-
rector Of the Electrical Institute
of Washington reported today
that sales of $41. $3.50, 900 in l949
were equal to the all-time record
set in 1948. The volume of tele-
vision sales was most helpful. he
added. in the electrical appliance
totals.
Frank r. Jelleff, elected a di-
rector Of the National Bank Of
Washington at Tuesdays annual
meeting, announced today that he
will be unable to serve on ac-
count Of other pressing business.
Washington Chapter, American
g. Institute Of Banking. announces a
mid-winter educational dinner
and reception at the Kenwood
Country Club on January Is.