Evening star., 1951-08-23

ing World War - s
II. Associated
with the Hecht S
Co. for many ''''''''
years, he was Mr.. Stein.
more recently with Kann'S a!
radio and televiSion buyer.
A native Of Baltimore, he ha'
an accounting degree from South
eastern University and attended
National University Law School
He lives in Silver Spring.
Prepare For Chest Drive.
A drive for volunteers to han
die the Community Chest cam
paign among District insurance
men has started. The District
Association of Insurance Agents
and the District Life Underwriters
Association are cooperating in the
effort.
The insurance area is divided
into five divisions, two Of which
will cover the general insurance
firms and the other three will
canvass the life companies and
agencies.
Henry King, of Wolf q Cohen,
and L. Opie Chancellor, of Provi-
dent Mutual Life Insurance Co.,
will serve as co-chairman Of the
area. Mr.. King announced the
appointment of Charles r. Barker,
jr., Of A. H. Baker Co., and Ed
ward Johnson, branch Office man
ager for the North American
Companies as chairmen Of the
divisions covering fire, casualty
and other property insurance COM
panies and agencies.
Snyder Seeks No New Money.
Secretary of the Treasury
Snyder late yesterday called for
bids on Sill billion of 91-day bills,
which he offered for cash and in
exchange for a like issue that
natures August 80. For the second
straight week the sale will be
simply a roll over" Of maturing
issues rather than new money
borrowing.
The TreaSury'S interruption Of
It's borrowing program last week
was interpreted in some circles as
a protest against rising short
term interest rates as well as a
result of a satisfactory cash posi-
lion. It had been borrowing 5000
million of new money weekly since
June 80.
The bill rate softened when the
sale was announced Monday.
easing to 1851 per cent from the
previous weeks 1850 per cent.
UAL Gains Here Impressive.
United Air Lines reported 20,333
passengers boarded its planes here
In the first six months Of 1851, a
gain Of 81 per cent from a year
earlier.
Combined mail, express, freight
cargo volume carried from Wash
lngton reached 494, 4,120 pounds, an
Increase of 104 per cent. j. B.
Miller, district traffic and sales
manager, said the increase was
particularly impressive in express,
which totaled $3.50 pounds,
Jump Of 1875 pei cent.
John Craddock Of Alexandria
has been appointed home Office
representative in the Washington
group insurance Office Of Pacific
Mutual Life Insurance Co. The
Washington Office is managed by
Frank Todd
Head Laurel Association.
Members of the newly organized
First Federal Savings and Loan
Association of Laurel have elected
Kent r. Mullikin board chairman;
w. Everett Marion, president;
John w. Slotter, vice president;
Lee E. Gilbert, executive vice pres
ident and treasurer; Ernest N
Cory, jr., vice president and gen.
eral counsel; Bertha S. BraShears,
secretary.
Directors include the five top Of
ficers, Harry Boswell. Oden Bowie,
H. C. Byrd, jr.; Sherman r. Hol-
lingsworth, Rogers H. Israel, Vic
tor s. Myers. Louis Sussman and
John M. Warren.
Frank p. Palmer, ,sjr., Of the Bill
himer & Palmer Motor Co., Hy:-
attsville Ford dealers, has been
selected to attend the four weeks
merchandising school Of the Ford
Motor Car. beginning Septenl-
Der 4, at Dearborn, Mich.
New Municipal Bond Department.
Bache & Co., which has an
Office here, will open a municipal
bond department September 4
under the management Of Darnan
Wallace. He is a former vice
president of Coffin & Burr. The
firm expects to be active as a
member of groups bidding fol
representative municipal issues.
District families received So
10000 Of life insurance death
benefits in the first half Of this
year, compared with Sc, ,496, 900 in
the same 1850 period, the In
stitute of Life Insurance reported
The total was 56 per cent above
$4,117,0 in the same 1941
period.
E. F. Collins, formerly branch
manager here for Diebold, Inc.
has been named sales manager OF
the company's systems division
with headquarters at Canton
Ohio.