Evening star., 1951-12-04

ccllld dllNSo. q &2S& S$3
Regular ses- ISs
sions of the in ''''
stitute, the first Mr.: oiiphant.
scheduled from to pm. tomor-
row, will be held in the lounge of
Brookings Institution. The insti-
tute is sponsored by the univer-
sity in cooperation with the Dis
trict Institute of Certified Public
Accountants and the District Bar
Association.
Income tax changes in the 1851
Revenue Act will be the subject
for the first session. T. Paul Free
land of Wenchel, Tannenbaum
and Nunan will be chairman.
Speakers: Fleming Bomar of WINS,
Phillips and Barker; Vance Kirby,
tax legislative counsel, Treasury
Department; Seymour Mintz of
Hogan and Harrison. A panel dis
cussion will follow.
The second session will follow
the dinner tomorrow night at the
Highlands. Karl Price of Alvord
and Alvord will preside. Speakers:
Edwin L. Kahn, Bruce E. Lambert
and Harold T. Swartz, Internal
Revenue Bureau. Three sessions
will be held Thursday and three
more on Friday.
Woodward e. Lothrop Bonus.
Woodward & Lothrop will dis
tribute a Christmas bonus 20 g.
600 store members on wednesday
December 10, President Andrew
Parker announced today.
Store members with service OF
IS years or more will receive S25.
Everyone, including seasonal help
employed for the Christmas rush,
will share in the bonus.
A Christmas message accom-
panying the payment will read:
This gift is presented to you in
recognition of. and appreciation
for, the help you have rendered
the organization and the manner
in which you have responded to
the demands of a busy Christmas
season"
Store members will gather on
the morning of December "a on
the first floor of the downtown
store and in the Bethesda Chevy
Chase suburban store for the ira
ditional Christmas carol sing held
each year before Christmas.
Fewer New Firms FOreseen.
Fewer businesses will be launch
ed in the future as result of the
1851 Revenue Act, Henry H. Hell
mann, executive vice president of
the National Association of Credit
Men, said in an address before
the National Credit Conference
of the American Bankers Associa-
tion at Chicago yesterday.
why should a man risk his
hard-earned savings in a business
merely to work for the benefit OF
the Government" he asked.
Mr.. Heimann charged that the
tax law encourages busines!
management to be eXtravagant
and adds further to the prospect
of imitation. why should people
continue to save money when the
tax law in itself will force an in.
fationary program" he asked.
Attending the conference from
Washington are: James F. Bridge!
and Richard w. Miller of Rigg.
National Bank: John L. Risdon
National Savings g. Trust Co.
Garrett Pendleton, McLachler
Banking Corp; Ralph G. Kielel
and John c. Brinkman. Nationa
Bank of Washington: Warren r
Foster, Hamilton National Bank
Tax Study Issued by Ferris.
Ferris 81 Co. has issued a stud.
of tax opportunities in the re
manning month of 1851. 1t ex
plains the advantage of takin,
short-term losses this year, bu
also suggests possible switche
within each industry group afte.
taking such losses.
Auchincloss, Parker & Redpatl
reviews Electric Bond e. Share il
its bi-weekly letter and discusse
the recent trend toward invest
ment in convertible preferreds a
meaning Of protecting profit
realized in recent years and at tn
same time having hedge agains
imitation.
Takes Government Post.
D. R. McClung, vice presiden
of Pacific Power & Light Co., ha
been appointed director of tn
materials and equipment division
of the Defense Electric Power Ad
ministration here. He will be o.
loan to the Federal agency for si
months.
Roland L. Redmond of Ne,
York has been elected a directo
of>W. & J. Sloane, which has
store here.
Edward L. Buckley has bee
appointed director of public Il
lations for Hilton Hotels in tn
East.
Fred w. Board, former sale
representative in the Atlanta tel
ritory for Elgin National Watc
Co, has been named. southeast
ern district manager with super
vision over the Washington are