Evening star., 1951-05-22

and economic
Dr. Marvin problems. 1--WE
are convinced of the need TO,
more research useful to local busi.
ness" President Marvin said.
Face ManpOwer Problem.
Many insurance companies are
setting up planning divisions fo,
handling detailed operations, with
a triple objective of saving man.
power. reducing costs and increas.
ing service to policyholders, it was
reported today at the close of the
tWo-day spring meeting of the Life
once Management Association al
the Mayf1ower.
Increased use of mechanical
operations is helping to meet an
increasing manpower problem
speakers said.
Maj. Gen. Lewis B. Hershey di.
rector OF selective service, told the
association that the 1926 age
group from which men have been
drawn for the armed forces is
shrinking as result of a 1O-year
decline in births. In 1910, 100 00C
men a month were entering this
age group, he said. Today, there
are only $4,000 a month.
Trade Uncertainties Cited.
Any major development toward
peace or toward larger-scale war
will produce sharp repercussions
predicted Ralph L. Goldsmith,
vice president and general man
agerof Lansburgh g. Bros, in an
address before the store manage
ment and personnel groups of the
National Retail Dry Goods Asso-
ciation at Hotel Statler this noon.
Peace development will relieve
the lnf1ationary pressure. war de-
velopment will increase it." he
said. Basic conditions indicate
accelerated retail volume next
fall"
Add Men Elect Officers.
Thomas Griffin of the Washing
ton Daily News was elected presi-
dent of the Washington Advertis-
ing Club at Hotel Statler today.
Clayton Sanders of Peoples drug
stores was elected first vice presi-
dent. Both were unopposed.
Elected second vice president,
from a field Of three candidates,
was William Coyle of The Evening
Star Stanley Bell was elected
treasurer and Ward Guthrie Sec
retary.
Elected directors, from a field
OF Is, were: Alvin Ehrlich, Robert
Lewis, Walter Phalen and H
Kenneth Brown.
Heads CLU Chapter.
w. Elwood Baker, New York
Life Insurance Co., was elected
president of District Chapter,
American Society of Chartered
Life Underwriters at the annual
meeting. He succeeds Joseph M.
Silverman.
Other officers: Merrill G. Beede.
Aetna. vice president; Clyde w.
Fuller. Connecticut General, Sec
retary- treasurer. New directors:
Leon Katz, State Mutual; Charles
K. Reid, Lincoln National; H.
Cochran Fisher. Aetna.
Association Loans Expand.
Member associations Of the Dis
trlct Building and Loan League
made 4,943 loans for $40,130. .932
in the first four months of this
year, compared with 1892 for
$38.109,249 in the same 1850 Pc
ROD, Secretary F. Wilson Camp
reported today.
Included were 1.449 new con-
struction loans for $685. 1893 VS..
l,793 for $15,598,966 a year ear
lier; also 1920 home purchase
loans for $15.854,991 VS.. 1,7o4 for
$14,036,068, and 1,674 other loans
for $l0,687, ,548 VS.. 1895 for s8,474.-
2l5 a year earlier.
Safe Deposit Delegation.
Claude E. Miller, chairman of
the Safe Deposit Section of the
District Bankers Association, today
announced a Washington delega-
ton will attend the national con-
vention of the American Safe De-
post Association in Cincinnati
May 24-26.
The delegation will include Mr..
Miller and Miss Betty Hall from
American Security & Trust Co.;
John L. Cain, Washington Loan
& Trust Co.. A. J. FAINT. National
Savings & Trust Co.; Lyman Nor
ris and A. Stanley Wolfe, Riggs
National Bank and Mrs. Ocie
Brown Of Suburban National Bank
G Bond Terms Explained.
Series G United States Savings
Bonds procured in exchange for
maturing Series E bonds bear the
special privilege of redemption at
par at any time upon proper
notice, it was explained today by
e. c. Baltz, chairman, District of
Columbia Savings Bonds Division,
in response to a number of in
quirieS.
The option to redeem may be
exercised any time after six
months from issue date, and upon
q months notice to a Federal Re-
serve bank or the Treasury.