Evening star. [volume] (Washington, D.C.) 1854-1972, 1952-03-31

Stitute faculty
for the last two Mr.. Ellis.
years.
Northeastern Institute, which
opens August 3 at New Haven, was
established to train trade aSsocia-
ton and chamber of commerce
executives.
Hecht Co. Adds to Pension Fund.
President Samuel M. Hecht Of
the Hecht Co. today announced
payment of the company's ninth
annual contribution to its en-
ployes' pension, annuity and prof
it-sharing plans.
The latest payment, covering
1851, totaled 1897. Alb. The COM
pany has set aside more than So
million from earnings for the
funds since their establishment in
1912.
Included in the current contri-
button was $243, 700, which goes to
the Profit Sharing Trust and
raises this trust to more than 81
million. It is allocated to en-
ployes participating in the an
nuity plan to supplement their
retirement incomes and related
benefits.
Contributions of employees to the
pension plans amounted to $103.-
400 for 1851, and $641,649 since
1912.
Colonial Climbs Out Of Red.
Colonial Airlines today reported
net income of $76,553 for 1851,
compared with a deficit of $780,
021 for 1851. Stockholders will
vote April Is on proposed sale Of
the company to National Air
lines. s.lsge
Colonial transported record OF
285,149 revenue passengers last
year, an increase Of 80 per cent
from 1850, the report said.
Proxy statements are being
mailed to Colonial holders in ad-
vance Of the April 16 annual
meeting. Colonial directors have
recommended the sale through an
exchange of stock at the rate OF
seven-eighths of a share OF Ma
tional common for each share OF
Colonial common.
Store Sales Below 1851.
Washington department store
sales in February were As per
cent below February, 1851, and
sales in two months this year
were IL per cent behind a year
earlier, the Federal Reserve Bank
of Richmond announced.
The Payroll Savings Plan for
buying Defense Bonds has been
adopted by 1852 or 81 per cent Of
the employees Of the Washington
Terminal Co., placing that COM
pany among the leaders in the
plan here.
President Wilmer j. Waller Of
the Hamilton National Bank was
a godfather and proud grand
father at the christening Of Will
mer j. Waller III lat st. Johns
Episcopal Church at Bethesda
yesterday. r
Attend Insurance School.
Delbert C. Ferrebee and
Clarence r. Smith, field training
inspectors for the Equitable Life
Insurance Co., Washington. and
Robert Q. Waite Of Peoples Life
Insurance Co.. have completed a
two weeks school for life in
Surance executives at Williams
burg, Va. The school was con-
Quoted by the Life Insurance
Agency Management Association.
Gordon Abrams, general agent
for Northwestern National Life
Insurance Co. here, won member
ship in his company's leaders
club.
Ingelow j. Kline and William
w. B. Mackinell, representatives
Of Connecticut Mutual Life here
have qualified for the company's
honor organization. the Depend
ableS.
Walter r. Farrow. agency lead
er for the Washington district Of
flee of the John Hancock Mutual
Life Insurance Co., is attending
the Presidents Club meeting OF
his company at White Sulphur
Springs. w. Va.
Top Producers at Palm Beach.
A Washington Area delegation
of 81 is attending a meeting OF
top producers of Prudential In
surance Co. at Palm Beach, Fla.
The group headed by w. j
Link, manager Of the company's
Silver Spring district office, in
cludes r. r. Holdren, who ranked
third among company agents In
1851.
Mr.. Links district Office, which
topped all company district Office.
In the Middle Atlantic area II
1851 sales, recently received 9
presidents citation.
c. Carney Smith. general agent
for the Mutual Benefit Life In.
surance Co. Of Newark, addressed
the recent company agents meet
ing at Belleair. Fla, on technique.
Of supervision.