Evening star., 1950-04-25
Trade Board
Continued From First Page.) }

NSOIlCIIlucO IIOIu I'll 81 rdBcO
j. Owen & Son, real estate auc-
tioneers and appraisers. a COM
pany founded by his grandfather
in 1896.
The new president. who lives
with his wife and young son at
4640 Hawthorne lane NV, is a
vice president and director of the
Perpetual Building Association, a
director of the American Security
& Trust Co., the National Mort
gage & Investment Co. and the
Washington Title Insurance Co.
Member of Board Since 1892.
He is chairman of the Board
OF Trustees of the Landon School
for Boys, trustee of the Washing
ton City Orphan Asylum, director
of the Metropolitan Police Boys
Club and a trustee of the United
Chest Federation of the National
Capital Area.
Mr.. Owen is member of the
kiWanis Club, Columbia Country
Club, Mount Pleasant Lodge, F. A
A. NJ, No. 80, and Lambda Chi
Alpha Fraternity. He is affiliated
with the Washington Real Estate
Board. the American Institute of
Real Estate Appraisers and the
Society of Residential Appraisers,
having served as president of the
Washington Chapters of the latter
two organizations.
He joined the Board of Trade
in 1882 and has served successfully
as chairman of its Midwinter
Dinner Committee, Membership
Committee, director, assistant
treasurer, secretary. second and
first vice president. During this
time ne has been active on the
Membership Committee, Traffic
Committee, Public Order Commit
tee. and the Sesquicentennial Com
mittee.
New Directors Listed.
The names of the new directors
were announced at a general mem
bership meeting in the Mayflower
Hotel last night. Balloting had
started in the afternoon. The new
directors are:
Edgar Balshaw, distribution di-
vision manager of Safeway Stores,
Inc; Howard c. Drake, owner of
the Drake Press; Ernest F. Henry,
partner in the law firm of Barnard
& Henry; Harvey L. Jones, vice
president of Sandoz, Inc, real es-
tate firm: Frank j. Luchs, execu-
tive vice president and treasurer,
Shannon & Luchs, real estate
firm,
Also, H. Randolph Maddox,
president of the Chesapeake &
Potomac Telephone Cos; L. Gard
ner Moore, vice president and
general manager of the. Shore
ham Hotel Corp; A. G. Neal, pres
ident and chairman of the Board
|of Directors of the Potomac Elec-
trio Power Co.: Maury L. Nee,
treasurer of P. j. Nee Co.
Also, Sterling A. Parks, district
manager of the Gulf Oil Corp:
Milton H. Schlosser, proprietor of
Milton H. Schlosser, jeweler, and
Fred A. Smith, president of the
Fred A. Smith Co., real estate.
The election judges were A.
Gray Dawson, Raymond C. Flor
ance and Alfred McGarraghy.
The principal speaker was Rus
sell L. Hibbard, director of unem-
ployment compensation of the
General Motors Corp. He said
more careful selection of employees
and centralized control of hiring
and lay-offs bring unemployment
compensation savings.
Sees Blow to Morale.
Mr.. Hibbard explained the pay
ments OF benefits to claimants who
do not want to work Injuries every
one. Such payments lower the
morale of other workers and the
abuse spreads, he contended.
He urged District employers to
take an interest in the local COM
pensation laws.
The District unemployment
fund. which 10 years ago was
generally conceded to be excessive,
equaled only 8.9 per cent of the
annual payroll as of December
81, 1949. which is exactly the ma
tional average, Mr.. Hibbard re-