Evening star., 1952-02-12
Perpetual Keeps Lead
As Nation S Largest
Savings Association
BY DonoId B. HodIey

Perpetual, with assets of $126,-
$4,000, was followed in rank by
the Coast Federal Savings and
Loan Association of Los Angeles
with $112,7S5. 900 of assets, and
the First Federal Savings and
Loan Of Chicago, with SILL
293 1000.
Three other Washington asso-
Citations were included in a list
Of the Nations largest 100. Ma
tional Permanent, with $33,899.-
600, was 50th: First Federal Saw
iugs and Loan. with $33. 1894, 900,
was 51st, and American Building
Association, with $31, 1888, 900, was
64th in the list.
Sees Vast New Frontier.
Rehabilitation and conservation
Of urban property is opening a
vast new frontier for professional
work in the real estate field. de-
clared Joseph w. Lund of Boston,
president of the National Associ-
alton Of Real Estate Boards, in an
address today at Asl1eville, N. C.
He cited redevelopment of the
Beacon Hill area of his own city
between 1922 and 1890 and the
restoration of Georgetown here.
"a group of home builders in
Washington is forming a corpora
tion for the sole purpose of re-
habilitating neglected residential
property" he added. He referred
to the recent organization. of the
Washington Urban Redeyelopment
Corp. '@S7 -,,s.s = '
Buys More Transit Shares.
Louis E. Wolfson, chairman of
Capital Transit Co., bought 4 900
shares of the company and made
gifts of 1000 shares, increasing
his direct holdings to 39,640
shares, the monthly summary
from. the Securities and Exchange
Commission disclosed yesterday.
Trusts for his children bought
5000 shares in the month. A
company in which he has an in
terest bought 600 shares, increas-
ing: its holdings to 3,400 shares.
Mr.. WolfSon has additional in
direct holdings of 164.456 shares.
Psychology for. Businessmen.
Business executives ) concerned
with personnel problems will have
an opportunity to get expert ad-
vice from psychologists at a con-
ference of the department of
psychology at the University of
Maryland February % and %.
. Subject of the conference,
Psychological Contributions to
Industrial Management" is ex-
pected to draw a large attendance
in the central auditorium at Col
1ege Park.
Use of tests In selecting and up
grading employees and methods
for effectively training workers
will be discussed. Also to be
studied will be methods for finding
what employees think of their jobs
and the companies for which they
work: also, the effects of workers
attitudes on production and con-
d1tionS under which the most work
is turned out.
Bond Regulations Amended.
Under amended regulations,
Savings bonds registered in the
names of two individuals as CO.
owners may now be reissued, with
out loss Of interest, in the name
of either co=owner alone or with
a new co-owner or with a bene-
flciaryA
However, the amendment re-
quires the signature of both CO.
owners. and applies in cases where
the co-owners whose bonds are
to be reisSued bear certain rela-
tionships to each other, either by
blood, marriage or adoption, such
as husband or wife, parent or
child, brother or sister, grand
parent or grandchild, uncle or
aunt, or nephew or niece.
The bonds may also be reissued
If one of the co-owners is mar
ried after the issue Of the bond,
or if the co-owners are divorced,
legally separated, or their mar
riage annulled after issue of the
bond.
The new provisions are set forth
In the ninth amendment, dated
January 18, 1852. to Department
Circular No. $50. sixth revision.
Copies may be had from the Dis
trict of Columbia Savings Bonds
Division. s.
Speakers ut Houston Meeting.
Two Washington executives, -Jo-
seph F. Battley and Thomas C..
Letchworth, will speak at the 68th
national convention of the Paint
ing and Decorating Contractors
of America. scheduled February
1922 at Houston.
Mr.. Battley, president of the Ma
tional Paint. Varnish & Lacquer
Association, will speak on Wednes-
day, February 20. Mr.. Letchworth,
chief of the building construc-
ton section of OPS, will talk on
February 10 at a forum on Reg
ulations and Controls Over Our
Industry" y
Branch Bank Planned.
Directors of the First National
Bank of Alexandria today an
nounced plans to open the insti-
tution's first branch bank.
The branch is to be located near
the new Woodward & Lothrop
store under construction at Wash
ington and Oronoco streets. It will
be the first bank in that imme-
diate area. ..
Bank officials said the First
National is Virginia.S Oldest ma
tiorial bank, having been estab-