Evening star., 1952-01-16

CAe second Sc osio''
mester starting January %.
Guest speaker will be Martin j.
Travers. national vice president OF
the ALB, who is vice president of
the Marine Trust Co. of Western
New York, Niagara Falls.
Ralph Mittendorff, chapter
president, a representative Of the
chapter faculty, and Walton l..
Sanderson, president of the Dis
trict Bankers Association. also
will speak.
Bank Debts at New High.
Washington bank debts in De-
cember reached a new all-time
monthly high of $1.171,714.000. a
gain of 2.8 per cent over the pre-
vious record set in November,
and were 11.4 per cent above
December, 1850, a report from
the Federal Reserve Board dis
closed today.
The new record compared with
$1,139, $4,000 in the previous
month and $1,O51. .654,000 in De-
cember, 1850, and was 1915 per
cent above $447,986.00 in De-
cember, 1941.
Debts for all of 1851 were in
creased to $13,015,191 900. a gain
Of 21.6 per cent above $10,701,-
734.000 in 1850 and were 202.7
per cent above $4,29S, ,925,000 In
1941.
Retailers Face Problems.
Because retailers faced with a
number of acute problems, I'M
usual interest was taken in the
annual sessions of the National
Retail Dry Goods Association at
New York last week, commented
Philip M. Talbot, senior vice
president of Woodward & 10th
rop, on his return here. Expense
control and promotion were given
special attention.
Mr.. Talbot was elected q di-
rector Of the national association,
q member Of the Executive Com
mittee and association vice presi-
dent for zone 8, which includes
the District Of Columbia and
southern States.
The Washington executive is
vice president, director and chair
man Of the Large Stores Division
Of the Merchants and Manufac-
turers Association, director Of
the Washington Board of Trade
and chairman of it's Committee
on Economic Mobilization.
Urges Aggressive Selling.
Businessmen should not limit
their 1852 sales efforts by a philos-
ophy of shortages, but should con-
centrate on possibilities of their
market. declared James A. Simon
of Simon Distributing Co. yester-
day in an address before the
Washington Advestising Club.
Mr.. Simon expressed doubt that
the impact of defense require
ments will be as great as predic-
tions of materials cutbacks indi-
cate.
Business activity should continue
at high level in the Washington
area this year, President John A.
Reilly Of Second National Bank
told the advertising executives. He
expressed concern over the traffic
problem and said business units
here are not operating at Ca
pacity. Some way must be found
to get customers to and from the
business areas conveniently" he
declared.
Association Has Best Year.
Franklin Federal Savings and
Loan Association had the most
successful year in its history in
1851 from the standpoint of in
creased share accounts and earn
ings. shareholders were told at
the annual meeting yesterday.
Assets at the year end totaled
$1,011,737.
Reelected directors for three
year terms were Frank T. Norris,
Helen T. Werth, John L. Thomp-
son and DR.. Leo Brison Norris.
President George s. Maier and
other officers were reelected.
Directors Of Lincoln Service
Corp. yesterday declared regular
quarterly dividends Of STU cents
a share on preferred stock and 80
cents q share on common stock,
both payable March II to holders
of record March 5, President
Hha r.les nelnar annnnnced