Evening star., 1951-03-30

dent of the Mr. Dyer.
group; J. L. Eckenrode, Baltimore.
first vice president; j. D. Bourne,
Richmond. treasurer.
Telephone Income Jumps.
Boosted by higher rates and
more telephones, net income OF
Chesapeake g. Potomac Tele-
phone Co. reached S550,446 in
February. a jump of 689 per cent
from 1925 ,699 in the same 1850
month, the company reported
yesterday. Net for two months of
this year reached $1,037,19 a
rise of 64.6 per cent from S629,914
a year earlier.
Operating revenues in February
totaled S3,663,755 VS.. S2,994.318 a
year earlier, while operating ex-
penses of S2,411,3 ,345 compared
with S2,220,9OS. Operating taxes
reached S683 ,007 VS.. s341,352.
Operating revenues in the two
months amounted to $7,331.525 VS..
S5,930,155: operating expenses,
$4946,176 VS.. S4,622,179: oper-I
ating taxes, S1,294,396 VS.. $673,-
636.
Plant investment totaled S118,-
213,091 on February % VS.. SILL
312.834 a year earlier. a gain of
S6.900.257. The company had
494,409 phones in service in
Washington On February %,
gain of 24.887 from a year earlier.
Bank Loans at New High.
Bank loans of IA reserve men,
ber banks here increased $685.
900 in the week ended March 81 to
reach a new high mark. the Rich
mond Reserve Bank reported yes
terday. The banks reduced in
vestments s7,207,0o0 in the week,
while demand deposits dropped
$27,O28.0OO.
Loans totaling $306,148,000 on
March 81 were 55,66O,0O0 above
year earlier. investments of
$5O4 100000 were $14817,O00 be-
low year earlier, while demand
deposits of 1888 ,874 900 were S62,-
$4,000 above the like 1850 date.
During the latest week, business
loans rose s1,254,000, real estate
loans were up $386.000 and other
loans, mostly consumer loans, ex-
panded S244 900 Most of the
weeks drop in investments was due
to S7,0470O0 reduction in Treas
ury bills.
Debts to demand deposits to-
tailed S258,977,000 in the week, a
gain of 81 per cent from the pre-
vious week and 482 per cent above
a year earlier.
Rowzee Retires at Hamilton.
George M. RoWzee, ST., head
bookkeeper of the Hamilton Ma
tional Bank since its organization
in 1888. and familiar figure in
banking circles here since 1918,
will retire on April l, the bank
announced.
Mr.. Rowzee is the father of
George M. Rowzee, jr., assistant
cashier at the Lincoln National
Bank and past president of Wash
ington Chapter, American Insti-
tute of Banking. now an instruc-
tor for the chapter.
Also taking advantage of the
employees retirement plan at the
Hamilton on April / will be Mrs.
Esther B. Annis, who has been in
the analysis department of the
bank since 1914. Gifts have been
presented by the bank to both Mr..
RoWzee and Mrs. Annis.
Speaker for Accountants.
T. Jack Gary, jr., accounting
adviser to the commandant,
United States Coast Guard, will
address Washington Chapter, Ma
ticnal Association of Cost Ac-
countants. meeting Monday eve
ming at the Willard Hotel.
Mr.. Gary'S subject will be
Functions and Procedures of the
Individual Department.
Smiths Re0pens Store.
Smiths Transfer & Storage Co.
today celebrated the reopening of
its redecorated furniture store at
1920 Bladensburg road NE. Com
missioner and Mrs. F. Joseph
Donohue, jerome Mckee, presi-
dent of the Federation of Citizens
Associations and Herbert Leeman
were among the guests. A radio
broadcast shortly after noon was
q feature.
All-American Always has ap-
pointed David G. Evans sales
representative for the Washing
Baltimore area. He is a resi-
dent of Silver Spring.