Evening star. [volume] (Washington, D.C.) 1854-1972, 1950-09-13


Mr.. Dent will be succeeded by
Luis F. Corea, who was promoted
to assistant vice president and
foreign exchange officer, at yes
terday'S meeting of the directors.
Mr.. Corea was educated at
Western High School and George
Washington University and en-
tered the banks employ as mes
senger in 1926.
ALB Students Win HonOrs.
Thirty-one graduates of Wash
ington Chapter, American Insti-
ture of Banking, were awarded
diplomas at the annual fall edu-
cational dinner at the Maydower
Hotel last night. The awards
were presented by Samuel C. Red
man, jr.. president of the chap
ter. Ten more certificates will be
presented at the annual dinner of
the Women's Educational Com
mittee at their annual dinner
next week.
Ralph H. Mittendorf, chairman
of the Educational Committee. in
troduced members of the faculty.
including Dean Ralph Endicott;
also H. T. Bisselle. president Of the
District Bankers Association, and
other guests. The main speaker
was James w. Dodd of the Federal
Bank of Richmond.
Washington Chapter will offer
seven courses in the fall semester
which opens on Monday, Septem-
Der Is, in the new quarters at
1760 N street NV.
Fundamentals of banking will
be taught by George NJ, Rowzee,
jr., and Joseph r. Fitzpatrick;
negotiable instruments by Her.
bert R. Grossman; business ad-
ministration, Arnold E. Chase:
accounting I, Thomas Howarth;
public speaking, Richard Hutche-
son; home mortgage lending,
Warren r. Forster; business Eng
lish and letter writing, H. Hall
Katzenbach.
Vice President Elected.
William B. Fleharty, who has
been connected with the Office of
the Controller of the Currency
as a national bank examiner, has
been elected a vice president of
the Union Trust Co., President
LinWood P. Harrell announced to-
day.
The new official is especially
well known in the Fifth Federal
Reserve District. Before going to
the controllers Office, he was with
the Riggs National Bank for seven
years.
A native of Baltimore, he was
educated in Washington. He will
be in charge of the Union Trust
Branch at 14th and G SITS. NV.
ID. c. Delegates Announced.
F.. Washington banks will send the
following delegates to the an
.nual convention of the American
Bankers Association, which opens
in New York on September "a:
s.fen sade sssuFy William G
E. schooiey Frank NJ Perley. Bank Of
GGmm1s5ee sayingThomas j. Gr90m
Lincoln National-Richard A. Norris.
National Bank of Washington-Barnum
l. cOlton RUthsTford Do3ley Ma
Second National-John A. Reilly. Security
Savings g. commercial-Francis G. Ad-
olson Olson r.; sd FTanE oe A. Gunther. Union
Washington Loan & Trust--George M.
Needham J. Olney Brott, Miss Thelma
Boes. Prince George Bank g. Trust Co
T. -Howard Duckett. Riggs National Bank
Robert v. Fleming, Corcoran Thorn, jr.,
H. T. Bisselle.
Bond Bids Submitted.
A investment banking group
headed by Phelps, Fem & Co.
yesterday submitted the best bid
received by the Washington SUBJ
urban Sanitary District, for sc, $685.
900 bonds, the Associated Press
Announced.
Oscar r. Kreutz, of Washington,
executive manager of the National
Savings and Loan League, pre-
dicted today that shortages of
consumer goods will bring "the
heaviest personal savings in his
tory within a short time. He ad-
dressed a convention at Saranac
Inn, N. Y.
Potomac Electric Powers cleo
tricity sales in August were 2.53
percent ahead of the same 1949
month.
Cramer Made Treasurer.
G. Fenton Cramer, member of
the investment firm of Ferris &
Co., was elected treasurer of the
Washington Stock Exchange to-
day to succeed Charles w. Hume.
resigned. He has been active in