Evening star., 1952-06-25

y
Wolf, assistant manager of the
Riggs National Banks Seventh
Street Branch, vice chairman: Ju-
liam o. Cardin, assistant cashier,
Hamilton National Bank, secre-
tary-treaSurer.
In addition to the officers, Mr.
Burrell and Mrs. Dorothy Lanham
of the Second National Bank were
elected to the executive council.
F. E. Broyles to Retire.
Frank E. Broyles, administra-
tive assistant in the research de-
partment of the Federal Reserve
Bank of Richmond. will retire on
July l after 80 years of service,
Hugh Leach. president, an
nounced today.
Mr.. Broyles, first head of the
reserve banks statistical section,
was the founder and for 20 years
virtually the only member of the
reserve banks present research
department, which now has a
staff of more than 80 economists,
statisticians and clerks.
A South Carolinian and a grad
uate of the College of Charleston
and the University of South
Carolina, he came to the Rich
mond bank in 1920, five years
after its founding.
In 1920 Mr.. Broyles edited the
first in a series of statistical re-
ports which developed into the
banks present Monthly Review, a
magazine on business conditions
distributed to 1000 bankers, busi-
nessmen and educators.
Bergman Reelected.
Carl j. Bergman was re-elect-
ed president of the American Fire
Insurance Co. at the 80th annual
meeting of the stockholders.
Other officials re-appointed
were Victor B. Deyber, vice presi-
dent; Stockton M. Hotze, secre-
tary, and Chaplin B. Bauman,
treasurer.
Directors include the officers
and Wilfred H. Blanz, Edmond
M. Emmerich, Clarence E. Ke-
fauver. Edward L. McAleer and
Max Walten.
VepcO Plans to Buy Firm.
Virginia Electric & Power Co
has applied to the Federal Power
Commission for authority to pur.
chase all the outstanding capital
stock of Hydro Electric Corp. OF
Virginia. also of Richmond.
AS soon as it acquires the stock
Vepco proposed to cause the dis
solution of Hydro Corp. and it.
subsidiary, Meadow Creek Corp.
which has no substantial asset;
other than undeveloped real estat,
in Virginia, according to the appli
cation.
The stock which Vepco pro.
poses to acquire consists of 1,50(
shares of preferred stock and 400
shares of common stock. Vepct
said it would pay $500 for th'
stock.
GOldstein Becomes Colonel.
Julius GoldStein, prominen
Washington realtor, has been pro
NOTED to colonel in the Air Force
Col. GoldStein was recalled to &C.
tive duty in April, 1851, as lieu
tenant colonel. and is stationei
here.
At the time of his recall tt
active duty, he was an, active
partner in the building firm o.
Evans. GoldStein and Valentine
and an officer in Capital View
Realty Co.
In World War II, Col. Gold.
stein was overseas as senior con.
troll officer with the 64th Fighter
Wing.
He was graduated from Wash.
ington and Lee University anc
the Harvard Graduate School o.
Business Administration and i.
a member Of many civic organ.
izationS.
New President Named.
Robert S. Waters, president O
the National Radiator Co., wa
elected chairman of the board a
a meeting at Baltimore yesterday
Mr.. Waters is to be succeede,
as president by Theodore B. Focke
who. until recently, was genera
manager of the Wright Aeronau
teal Corp. and vice presiden
of the Curtis Wright Corp. il
Woodbridge, N. J.
Mr.. Waters has been with Ma
tional Radiator since 1919 ant
president more than Is years.
Norman C.Kal. board Chairman
of the Better Business Burea'
here, has been elected bushes
representative on the board of tn
Association Of Better Business Blu
reaus. This column yesterday re
ferred to his connection as tn
f1rodit pt1roolI rothor than th