Evening star., 1950-01-19
Waller Renamed Head
OF Clearing House
Association Here
By Edword G.. Stone

by Edword Z. Stone
Wilmer j. Waller, president of
the Hamilton National Bank, was
reelected chairman of the Wash
ington Clearing House Association
ut the annual meeting just held.
and John A. Reilly, head of the
Second National, was renamed vice
chairman.
Mr.. Reilly and C. H. Jacobsen,
president of the National Metro
politan. were reelected for an
other term of two years. Victor
3. Deyber, chairman of the board
Of the Second National, was elected
secretary for the 9th time.
Other members of the Clearing
House Committee, whose terms do
not expire at this time, are Robert
v. Fleming and Richard A. Norris.
George H. Bright was again ap-
pointed manager and w. N. Grad
lin assistant manager.
Vice President Elected.
G. K. Griffin, assistant to the
president of American Airlines.
has been elected vice president
personnel, it was announced today
by President C. r. Smith. He has
been with the company % years.
mainly in the operations depart
ment.
The United States Lines an
nounces appointment of Charles
r. Kraft as district freight man
lger in Washington. Mr.. Kraft
has spent his entire career with
the company in the Philadelphia
and Washington Offices.
Burley B. Mitchell has been
appointed sales promotion man
ager of the Packard Motor Car
Co.'s Washington zone. His ter
itory includes Baltimore, Norfolk,
Richmond and other important
sities. He Is a veteran with the
company.
Frank Small. jr., new director
f the National Capital Bank, is
president of the Clinton Bank and
aas a large Ford agency.
Annual Meetings Held.
Many building and loan associa-
hons held annual shareholders
meetings yesterday, present officers
being retained. Martin A. Cook,
secretary of the Enterprise Fed
Tal, reported that assets had
reached $685., 1865. The assets of
Mutual Federal climbed to $2,210,-
l45, while Jefferson Federal also
reported a fine year, resources
reaching $8,778,866.
Secretary Carl c. Smuck told
knacostia Building g. Loan share
holders that the company had
ldopted a novel idea and started
lChristmas Savings Club for 1850.
Prudential Building Association.
n a new home during 1949, saw
resources grow to $8,723 ,293. Elmer
!. Carlson, secretary, announced.
Clarence E. Kefauver. president
If Columbia Federal, reported that
Iver 1000 new accounts were
opened during 1949. Resources
eached a new high Of $16,17o.232.
James D. Skinner, an appraisal ex-
bert, was elected assistant secre-
ary.
c. H. Ellingson, president of
First Federal Savings of Washing
on. announced that all directors
md officers were reelected. A. e.
iiegengack is chairman of the i
soard.
Quarterly Dividend Voted.
Directors of American Airlines |
lave declared the usual quarterly
dividend Of 8712 cents per share
IN the $3.50 cumulative preferred
tock, payable March to stock of
ecord February IS.
Directors of Capital Airlines
lave authorized payment Of in
crest on all the company's out
handing debentures. due on April
| and Oct. /, and also a sinking
und payment of $5oo.ooo on
Nay 1.
Demand deposits, investments
ind total assets in Washington
,anks made substantial gains in
he week ending January II, the
Richmond Reserve Bank reported
oday. Commercial loans showed
title change.
The Washington branch of the
Few York Life Insurance Co. set
IN all-time high mark with over
$4,000, 900 insurance written in
ls4s.
Financial District Notes.
Mrs. Georgia Neese Clark, treas
rer Of the United States, will be
he guest of honor and speaker at
he monthly meeting of the Bank
Nomen's Club of Washington next
Wednesday at Hotel 2400. Edna
". Oney will preside.
Harold G. Moulton. president of
he Brookings Institution, declares
he economic outlook for the first
half Of 1850 is distinctly favor
tble." While there will be busi-
hess depressions in the future,
hey will be less severe and of
Ihorter duration then those of the
hast. he asserts. "The belief seems
10 be growing in business circles
hat we may escape more or less
ndefinitely a severe business de-
bacle," he added.