Evening star., 1950-04-12

will be present, Executive Secre-
tary John H. Geiger. said today.
He added that the association has
just moved into fine new quarters
in the Washington Building.
Willard Awards Contract.
The Sterling Air Conditioning
Corp. has received contract for
air-conditioning the Willard Hotel
and will install 800 units. William
Blum. jr.. secretary-treasurer, an
nounced today. The District con-
cern is also adding. more units to
the cooling system in the Raleigh
Hotel.
The annual meeting of the
stockholders of the Potomac Elec-
trio Power Co. takes place next
Saturday at 929 E street NV.
A. G. Neal. president and chair
man Of the board. will preside.
Washington Chapter, National
Association Of Cost Accountants,
will discuss District personal in
come taxes over Station WWDC
at 1U:10 pm. COnlgnt.
City Bank Names Officers.
These directors were reelected
at the annual meeting of the City
Bank yesterday. 80 per cent of
the stockholders being present or
represented: Walter K. Backrach,
Raymond c. Briggs, Clarence F.
Burton. Frederick H. Cox. Fred
Hewitt. Thomas P. Hickman, Will
liam F. Kelly. Frank w. Lee, Rob-
ert e. Phelps. Jouett B. Prewitt.
John c. Pyles. jr.. and Dr.. J.
Chester Pyles.
Mr.. Burton was reelected pres
fdent and chairman of the board:
Frederick H. Cox. Bernard M.
Grant. Thomas P. Hickman.
Frank w. Lee and John c. Pyles,
jr.. vice presidents: Mrs. M. H.
Buckingham. cashier: T. Edwin
Norris and Joseph G.. Stephenson,
assistant vice presidents; James B.
Ahalt. Arthur M. Atkinson. Arthur
L. Deuterman, William T. Mat
thews. Adam L. Ofenbacher, T.
Grant Ridgely and Frank H.
Weaver, assistant cashiers; Mrs.
Margaret S. Mcclure, auditor;
Frank Guthridge, branch manager
Of Southeast Office. Others of the
assistant vice presidents and as
sistant cashiers are managers of
branches.
AS already announced, City
Bank earned $9.72 per share in
1949. Earnings in the first quar-
ter this year have been slightly
better than a year ago, Mr.. Bur-
ton said today.
Extra Dividend Declared.
Directors of the National Saw
ings & Trust Co. have declared
the usual s25 quarterly dividend
and an extra of 81 per share.
President Bruce Baird announced
today.
Thomas E. Mead. Chief of
Field Audit, Federal Deposit In
surance Corp, will address the
auditors section of the District
Bankers Association tomorrow
evening at the Burlington Hotel.
Twenty members of the audi
tors section are planning to
attend the Fifteenth Eastern Re-
gional Conference of the National
Association of Bank Auditors and
Controllers, at Miami, April 1921.
The Guardian Building & Loan
Association has opened handsome
new quarters at 8400 Georgia av-
enue NV. A host of visitors
were welcomed Monday evening
by Thomas A. Amatucci, presi-
dent, and L. M. Bernstein, board
chairman.
Heard in Financial District.
A new investment plan for the
accumulation of Potomac Electric
Power common stock by small
investors has been filed with the
SEC by the newly formed Capital
Reserve Corp, Charles R. Con-
molly. president The investor will
pay from $40 to $3.50 per month,
the money to be invested at once
in Pepco stock.
Miss Elinor M. HickerSon is
celebrating her Goth anniversary
as cashier and Office manager Of
the Washington Office of the Mu-
tual Benefit Life Insurance Co.
She will be given a banquet on
May 2 at the Dupont Plaza.