Evening star., 1952-05-19

CuCe one OF the
Nations largest Mr.. Carmichael.
airlines. Mr.. Carmichael is tn
man who took over the manage
ment of Capital Air Lines fou
years ago, when it was totterin,
financially, and built it into
strong and formidable contende
in civil aviation.
At Capitals headquarters it wa
said the company had obtained
in advance Of the 3 pm. meetins
proxies well in excess of the re.
quired stock. to vote the merger
Northwestern stockholders, thu
company being headquartered ir
st. Paul. Mimi, also are expected
to override a faction that ha.
been holding out against merging
CAB Hearing Scheduled.
Northwestern operates transcon.
tinental lines as well as lines tx
the Orient. Capital, a Washing.
ton concern, has extended its owr
operations in this country. It il
now a major line. The merger
would give the company added ad.
vantage in view of the direct serv.
ice it would afford Washington
patrons. Mr.. Carmichael would be
ct the head of all it's extensive
operations.
A hearing is scheduled June
before the Civil Aeronautics Board
approval of that agency being re-
quired before the expected merger
actually can be effected.
Capital employs approximately
1,400 persons in its Washington
based operation and has total o1
some 1000 employees.
EAL Earnings Drop.
Eastern Air Lines earned a net
profit of 1858, 1886, or 40 cents q
share. after taxes, in the first
quarter of 1852, it announced to-
day. This compares with 1851
earnings of $2,262,719, or 81 cents
for the comparable period. The
larger amount after Federal, nor
NAL and surtax of 50.75 per cent
however. did not include excess
profit taxes.
Eddie Rickenbacker, president
and general manager. noted that
increased operating costs had
much to do with lower net earn
ings of the first 1852 quarter
1.-THE period was burdened with
unusually heavy homecoming
expenses resulting from the inte-
grafton of two new fleets of larger
and faster airplanes, and closing
of Newark, N. j., airport" he
said.
Profit from the sale of DC-3
aircraft which were replaced by
Eastern's 40 Silver Falcon, was
not included in the net earnings.
Contrary to historical trend of
Eastern's revenues" Capt Ricken-
backer stated, April revenues
were substantially higher than
those of March, which heretofore
has always been our peak month
in all traffic categories."
Hecht Co. Meetings.
The annual meeting Of the
Hecht Co. stockholders will be
held today at Baltimore head
quarters of the department store
firm. Aside from the election of
directors, the stockholders will
vote on the creation of Offices Of
first executive vice president and
vice chairman of the board.
Another matter before the
meeting is a plan whereby officers
and q limited number of employees
may purchase additional Hecht
Co. stock.
The National Office Manage
ment Association will sound its
1851 keynote idea at meeting
of the Washington Chapter at
7:30 pm. tomorrow in the
Georgian room of Lee House.
DR.. George E. Beauehamp. con-
sultant on patient education with
the Veterans Administration,
will be chief speaker. His topic
effectiveness in Presenting
Ideas"
The Washington Chapter will
address itself this year to carry
ing out this idea: 1.-The Office
Manager Can Best Improve Him
self by Improving Those Around
Him" It is on getting this idea
over on management and the pub
lie that prompted the invitation
to Mr.. Beauchamp, who is an
expert utilizing the techniques and
inspiration which the current
program has provided. In an
allied field he is now leader Of
the American Ethical Society. He
also is author of several publica-
tions on speaking and argumenta-
ton.
A fellowship session and dinner
will precede the meeting. Reser-
vationS may be obtained by call
ing District 1900, Extension 48O.
Cost Accountants to Meet.
The regular monthly dinner
meeting of the local chapter of the
National Association of Cost Ac-
countants will be held Wednesday
night at the Willard Hotel. Guest
speaker will be George w. Brooks
of the international Brotherhood
Of Pulp, Sulphite and Paper-Mill
Workers. He is director of the
unions Department of Research
and Education. His topic: Con
tribution of the Cost Accountant
to Labor Management Relations. /"
Charles Bird, national president
OF the Hotel Sales Management
Association. was guest of the
Washington Chapter last week.
The session was held in the Ward
man Park Hotel. Mr.. Bird out
lined the associations 5-year pro-
gram.
He said the association is doing
everything it can to promote and
sell and will continue tn helm anv