Evening star., 1952-11-30

at a retirement party Wednesday
night.
Mr.. Dent, paying and receiving
teller, retires this month after 46
years with the main Office of the
bank, having first entered it's en-
ploy on May l. 1906, as a runner.
He recalls THAT the bank then had
only about 40 employees and total
deposits of around $40 million.
Deposits now stand around $3.50
million and the banks staff num-
bers among the hundreds. Mr..
and Mrs. Dent live in Mount
Rainier, Md, and have son and
three grandchildren.
Mr.. Milstead retired after 23
years with the banks purchasing
division. He joined Riggs in 1924
after service in the Marine Corps.
He and Mrs. Milstead live in the
District and have son and
Attend IBA Convention.
A group of Washington invest
ment bankers will attend the 4lst
annual convention of the Invest
ment Bankers Association which
opens today at Hollywood, Fla.
1t will last through Friday.
Among the prominent speakers
will be William McC. Martin, jr.,
chairman of the Board of Gov
ernors. Federal Reserve System:
William A. Patterson, president.
United Air Lines: Carol M.
president, Prudential In
Surance Co.
The Washington group will in
clude: Mark Sullivan, jr., man.
aging partner of Auchincloss.
Parker g. Redpath here; William
w. Mackall. Mackall & Coe;
James Parker Nolan and Arthur
S. Friend, Folger. Nolan. Inc. and
Max Hewitt. Jones, Kreeger g.
Hewitt.
Mr.. Sullivan is member of the
associations Taxation Committee
and has helped to draft an i'm
portant report to be heard at the
S. Kann Sons to Pay Bonus.
S. Kann Sons Co. will dis
tribute Christmas bonus totaling
more than $4,000 to more than
l 100 store members, President Sol
Kann announced yesterday.
Members in both the downtown
and Virginia department stores
of the company will share in the
bonus based on length of service.
Individual payments will range
up to $50. More than 200 store
members will receive the top
Her Account Was Doubled.
Farida-Mehri Z. Fotouhi, g.
year-old daughter of Mr.. and Mrs.
Abel F. Fotouhi, became the So
D00th person to open an account
at the First Federal Savings g.
Loan Association this week.
Celebrating this additional
in the associations
growth, Executive Vice President
w. Franklin Morrison presented a
check to her, doubling the new
account.
New Branch to Be Started.
President Oliver w. Youngblood
of the Citizens Bank of Takoma
Park, Md, will dig the first SPADE
full at ground breaking ceremonies
.or the banks new Langley Park
Branch building at II am. to-
morrow.
The two-story building will face
New Hampshire avenue at Uni-
'erSity lane in Prince Georges
county and will be completed in
about eight months. 1t will be air.
conditioned and with equipment,
t will represent an outlay of
lround 100000. The bank branch
will occupy the ground floor.
The branch was founded a year
lgo and now occupies leased space
n a nearby building.
Promoted by Southern.
George T. Lane, assistant to vice
PRESIDENT of the Southern Rail-
way System, has been promoted
o assistant vice president, spe-
ial services, effective tomorrow.
lis headquarters will remain here.
Mr.. Lanes jurisdiction will be
xtended to operation of the rail-
Dads dining cars.
A native of Alabama, he joined
he Southern's police department
n 1928. He became superirf-
endent. special services. in l946
nd assistant to vice president N
0S0