Evening star., 1951-04-11

eQ. HS33&Xf
President ~
Burton reported Mr.. Burton.
assets exceeded $33 million at the
end of the year, but called atten-
ton to the heavy tax burden i'm
posed on the bank. Total taxes,
including the Federal Deposit In
surance assessment, which is in
the nature of a tax, amounted to
$233.000. This was equivalent to
80 per cent of net earnings, after
tax, he said.
He also reported that work on
the new Office in the Benning area
at 3839 Minnesota avenue NE. is
progressing satisfactorily.
Louis Lynn Promoted.
Louis K. Lynn has been pro-
NOTED from auditor to controller
of the Union Trust Co.. President
Linwood P. Harrell announced to-
day.
H. Thornton Whitehead, for
merly assistant to the auditor, has
been elected auditor. and Gordon
Frankel, formerly head teller, has
been elected an assistant treasurer.
Mr.. Lynn is a native of Manas-
sas, Va, and was educated in the
public schools there. He came to
Washington to attend Southeast
ern University, graduating in 1928
with B.C.S. and MICS. degrees.
He started his banking career with
the old Takoma Park Bank and
came to the Union Trust in 1886.
Mr.. Whitehead has been with the
bank for 10 years and Mr.. Frankel
five years.
Appointed to Committee.
Charles P. Rice, president of the
District Life Underwriters Asso-
citation has appointed A. M. Beck
of Fidelity Mutual, v. R. thinner
man of Acacia Mutual and F. K.
Gulli of the Life Insurance Co. of
Virginia to the Life Underwater
Training Council Committee of
the association.
Mr.. Beck and Mr.. Zimmerman
have been named for three-year
terms and Mr.. GULL for a two-year
term. Other members of the COM
mittee are S. S. Spindel Of Occi-
dental: Theodore j. Noffsinger,
Peoples; Charles F. Suter, Berk-
shire.
The committee administers the
Life Underwriters Training Coun-
Gil course in the District. Plans
now are being drafted for the
1852 school year and instruc-
tors for the new year will be an
nounced within the next few
weeks.
Speaker for Sales Executives.
Vincent A. Holmes. District di-
rector for the Office of Price Stab
ilization, will address the Sales
Executive Club at the Mayf1ower
Hotel next Monday noon. Men,
bers have been invited to prepare
questions for Mr.. Holmes to an
Swer.
The District Association of In
surance Agents will hear Robert
I. Catlin, vice president of the
Aetna Casualty & Surety Co., at
its monthly meeting at the May
flower Friday noon. He is chair
man Of the Connecticut Highway
Safety Commission in addition tc
his activity in various insurance
organizations.
Neisner Brothers, Inc, operators
Of 1875 stores in Is States, are
celebrating their 40th anniversary
this week. The Washington store
is located at lila G street with
Samuel S. Davis as manager
Fred Neisner, president, reports
sales of $50 million in 1850 com.
pared with 100000 in 1911.
Samuel Biddle has joined Au
chincloss, Parker g. Redpath a.
registered representative.
graduate of Princeton University
he served for six years in th'
investment research department
of the National Savings & Trus
Co. He was a loan officer witt
the World Bank and assistant II
the president of Carr Brothes, Inc,
of New York, before joining
Auchincloss. He served in thu
Navy in World War II.
j.. Henry Hooper. Baltimore
Washington general agent for tn
Provident Mutual Life Insuranc,
Co. of Philadelphia, today an
nounced the appointment of May
nard De Witt as supervisor of tn
Washington Office. Mr.. De Wit
served with the Marines in Worl,
War II and has been in the lif
insurance business since 1948.