Evening star., 1951-07-09


do not get along very well in some
communities.
The battle against imitation. the
encouragement of thrift and home
ownership and preservation of the
American way of life are goals
that should draw them together,
he declared.
He cautioned league members
against using the words deposit"
or interest" in referring to in
vested savings or dividends and
also against excessive advertising
of dividend rates. He also ap-
posed shortening of association
names by eliminating the words
land loan" for advertising pur-
poses. The full name of the asso-
citation should appear at least
once in every ad, he said.
Our associations are numbered
among the best clients of CONNER
cial banks and they often help
to develop business for the banks, :"
he declared.
Government Gets the Workers.
Private industry in Washington
doesn't have much chance in bid
ding for additional workers. the
monthly report of the United
States Employment Service re-
veals.
With the acute manpower Short
age continuing here, the agency
reported that of $4,000 workers
added in the metropolitan area
in the year ended May 81, 31,400
were taken by the Government
and only 1900 were left for private
business.
OF the 1900. 3,100 were in
manufacturing establishments, l.
700 in financial, real estate and in
surance offices, 1000 in service
establishments and only 900 in
wholesale and retail trade. The
area had $500 employees in May
VS.. 604,900 in April and SGT 900 in
May, 1850.
A banker told this story recent
ly. Preceding June graduation,
the entire senior class of one Dis
trict high school received an offer
from the Government. For each
graduate, regardless of scholastic
records, the offer was $4,000 a
year to start. How can we COM
pete with that?" asked the banker
ID. c. Suburbs Lead U. S.
The Virginia and Maryland Sec
tions Of the Washington Metro
politan Areas showed the largest
population gains from 1910 to
1850 among 443 State economic
areas of the Nation surveyed by
the Census Bureau, the current is
sue o. the Virginia Economic Re-
view comments.
The Virginia section, including
Arlington and Fairfax counties
Alexandria and Falls Church
showed a population increase ot
130 per cent, while the Maryland
section, including Montgomery
and Prince Georges counties, hac
a gain of 1862 per cent.
The next highest gains were
85.2 per cent in the San Diego
and 82.5 per cent in the Miami
Fla, area.
ALB Conference Planned.
Washington Chapter, American
Institute of Banking, will send {
delegation to the Middle Atlanti,
States Regional Conference of tn,
ALB at Fort Monroe, Old Poin
Comfort, Va, August As. Th'
Virginia Peninsula Chapter will
serve as host.
Walter N. Wilson, president o
Washington Chapter, Nationa
Association of Cost Accountants
has called the first directors
meeting for the new year at 7::3I
pm. Wednesday in the boart
room of Government Services
Inc.
Defense bond sales in Virgini;
totaled $3,767 1863 in June, includ
ing $3,119,208 in series E bonds
$907,761 in Series F and $558, ,00
in series G. Portsmouth and Nor
folk County led the State witt
$547, ,906 Of sales.
DR.. Robert A. Rennie, forme
economic consultant to the In
ternational Bank and assistan
professor Of political economy a
Johns Hopkins University, ha
been named director of researc
for the Farm Bureau Insuranc
Companies.
C. Miller Day has been name
representative of the Fidelit
Mutual Life Insurance Co.
Washington and Montgomer
County, it was announced b
George A. Hatzes, the company
general agent here.