Evening star., 1952-06-09

1elt the need OF revising its mem
ber liStings for the convenience
OF businessmen and the public
This new publication is intended
to serve that purpose. It win be
distributed to all members in the
Greater. Washington area. Copies
also will be circulated to purehas-
ing agents in the area and to
chambers of commerce and pub
lie libraries in all cities of $4,000
and more population.
The business clasSifications have
been revised to identify all types
more easily. The who's Who
also will include a similar break
down of the professional groups
legal firms being identified as
patent, corporation and other
classifications.
Lynch Joins Perpetual.
Hugh Lynch, former director Of
the District Savings Bond Divi-
sion of the Treasury. has been ap-
pointed a staff member of the
Perpetual Building Association,
The announcement was made to-
day through Edward c. Baltz.
president.
A former neWSpaperman in the
editorial and business ends, Mr..
Lynch is a native of Indiana.
Later he became publicity director
of the Elizabeth IN. j. Chamber
of Commerce, the New Jersey
Board of Trade and was active
with the Merchants Association
Of New York.
Mr.. Lynch Joined the Treasury
in 1941 to direct the sale of Saw
ings and Defense Bonds in the
Washington area. His work was
highly successful. Sales mounted
to more than So billion worth of
Government securities. He retired
May 81 from this post. In recog-
milton of his outstanding work, he
was awarded the Gallatin cita-
ton by the Treasury.
Perpetual officials and staff
were settling down today in the
company's temporary quarters on
the Twelfth street side of its new
building. With more than 100,-
900 square feet Of space. Perpetual
is now the largest savings and
loan association in physical size
in the Nation. as it also is in as
sets of more than $3.50 million.
Eventually the big structure will
go back to the Eleventh street
side.
Store Collections Lag.
Washington department store
collections on open accounts in
April amounted to 43.8 per cent Of
April l receivables, while those on
installment accounts were 17.8 per
cent, the Federal Reserve Bank of
Richmond reported.
The same figures for April, 1851,
were 43 per cent and 18 per cent
respectively.
Inventories of the stores on
April 80 were IS per cent below a
year earlier, while outstanding
orders were down "A per cent.
Vote on Stock Dividend.
Stockholders of the Law Re-
porter Printing Co., will vote to-
morrow on a proposal to increase
the present 1900 shares of $40
par value stock to 10000 shares of
the same par value and distribu-
ton Of a stock dividend of five
shares for each one now held.
The additional shares to be paid
for out of surplus would be paid
to holders of record June 80.
The firm established in 1874
publishes the weekly Washington
Law Reporter and hasn't missed
an issue in 78 years. It has about
so shareholders, mostly lawyers
Dion s. Birney is president.
Leaders Club to Meet.
The Leaders Club of Washing
ton is having a nationally known
insurance man, Grant Taggart, as
guest speaker at Wednesdays
luncheon meeting in the National
Press Club. The hour Is 12:1s
pm.
For many years Mr.. Taggart
was a life and qualifying mem
ber. of the Million Dollar Round
Table. He was elected president
Of 1.-The National Association ol
Life Underwriters in 1912. His
record with the California West
ernh States Life, of Cowley, Wyo
Is t6S continuous years as ar
agent. He has written a new
policy every other day for the
last IS years.
John Marsh and Leopold Freud.
berg Of the District Life Under.
writer's Association will be on the
panel discussion of insurance
problems. The moderator will b.
H. Cochran Fisher.
The Connecticut Mutual Lift
Insurance Co. has honored Franz
T. Koons, who is associated will
the John Lister McElfresh Agenc.
of Washington. Mr.. Koons ha
been made member of the 1876.
Presidents Club Of the insurance
company. Connecticut's presi
dent, Peter M. Fraser. presente,
him with a special plaque for ex
cellence in the quality of life in
surance written during the las
two years. This is the fourth tim
Mr.. Rooms has qualified for thi
honor group.
Bankers to Attend School.
From Washington banks, 3
men viii attend the Gradual
School of Banking at RutgeI
University, in New Jersey, Jun
1928. They are:
James B. Ahalt. Dwight T.. Allen. Wi
liam L. Ashdown. John J. Behabetz. Pa
J. Bisset, J. Russell Bolton. Richard \
y; Brown, ,,, 4eorse 2 Sls cCis' " W.,Io DillaI
Fry. Edgar N. Glover. Robert p. HI
Also. Raymond C. Kolb. Ralph q. Lev
Norman D: Morgan, Scott .; Morris,
Baker Nicholson, Richard B. Pflktnto
ssepnssn g PoTssT W,T: Josegn itb - ik5ley ,ehs ao
) Watkins. Roger p. West. James
White. Joseph L. whyte, Jack H. W!