Evening star., 1953-01-16
Capital Store Sales
Up Is Pct. in Week
Lag Behind 1852
By Donald B. HodIey

per cent DenlnQ the ike l95
week, the Federal Reserve Boar'
of Richmond reported today.
Sales in four weeks ended Jan
uary 10 showed an impressiv
gain of IA per cent from the lik
period a year earlier, the banl
said.
For the first time, the Wash
ington sales were labeled Wash
ington Metropolitan Area, be
cause some of the sales includ
branch stores in nearby Mary
land and Virginia. The banl
said the report included only tn
stores that have been contribut
ing figures all along.
Promoted at McLachlen.
Archibald McLachlen was pro
NOTED to executive vice presi
dent of the McLachlen Bankin|
Corp. at the annual organiza
tional meeting of the board yes
terday. He has been first vic,
president and treasurer.
Garrett A. Pendleton wa
elected vice president and treas
urer. He has been vice presi
dent. E M. Brotherhood wa
made assistant vice president ant
secretary. She has been as
slstant treasurer and secretary
Directors declared the regular
semiannual dividend of So :
share on the $50 par stock, pay
able January Is to holders O.
the same date.
President L. P. McLachlen re.
ported that net earnings for the
year, after taxes, amounted tt
$108.246 in 1852, and after re-
serves for depreciation anc
losses, net earnings were equa
to $12.15 share. Loans in
creased more than 81 million in
1852 and deposits rose $264,000
Mr.. McLachlen said.
In addition to l. P. McLach-
len. other officers were reelected
as follows: Guy D. Cowl. c. c.
Guertler and William M. Nc
Clure, vice presidents; Wilfred
r. Dagan, Thomas P. McLach-
len. A. F. Seipel and William E
Williams, assistant treaswers;
F. B. Poole, assistant secretary
and F 7 Kelly. auditor.
Munsey Board Reelected.
All directors of Munsey Trust
Co. we're reelected at the an
nual stockholders meeting yes
terday They include: George
H. Bollwinkel, Thomas w. De-
wart, Wallace w. Kirby, Arthur
G. Lambert, Horace L. Lohnes
P. J. Mcmahon, F. H. Martell
A. Harding Paul, C. H. Pope, C
D. Ratcliffe. F, w. Stoever ano
Arthur L. Thompson.
In addition to Mr.. Pope the
following officers were reelected
at the annual board meeting
c. D. Ratcliffe. vice president;
r. D, Watkins, vice president
and treasurer; P. j. Mcmahon
vice president; A. j. Byrne. vice
president and secretary; F. w
Stoever, real estate officer: T. B.
Bogley and D. w. Wooster. as
sistant treaSurers; w. S. Shaw,
assistant real estate officer; A.
Harding Paul, general counsel.
Directors also approved trans
fer of $4,000 to surplus. raising
the account to $1.4 million.
Renamed by Fidelity Storage.
All directors were reelected
by stockholders of Fidelity Stor-
age Co. at the annual meeting in
Alexandria yesterday. The LIST
includes: H. H. Darneille, E. r
Flnkenstaedt, C. F. Jacobsen
David B. Karrick. James L. Kar-
rick, jr.; Alfred H. Lawson, Eu-
gene B. Roberts, James Med
Shea and w. c. Woodward.
The following officers were re-
elected by directors: David B
Karrick, president; Mr.. Wood
ward. first vice president: D. L
Weed. second vice president: j
H. Miller, treasurer; Marian
Dinsmore. secretary; Rosemary
Mccormack, assistant secretary
treasurer.
Association Sets Record.
washington Perm n n
Building Association had record
assets of $18.236,821 at the end
of 1852, a gain of more than
$840.000 from a year earlier,
President Carl j. Bergman re-
ported.
Share accounts reached $16,-
295, $40, a rise of nearly So mil
lion in the year. Reserves in
creased to $1,767,856 VS.. $1,654,-
008 a year earlier.
Assets of Home Building Asso-
citation reached a record $3,182,-
900 at the end of 1852, an in
crease of 25 per cent from a
year earlier, President Samuel M.
Thrift announced. I'VE have
had the best year in our his
tory" he said.
Gilpin Co. Promotes Allen.
Stockholders of the Henry B.
Gilpin Co., wholesale druggists,
yesterday elected James E. Allen
executive vice president and a
director.
Mr.. Allen has served as man
ager of the Washington division
of the company for five years.
He joined the company in 1910.
His headquarters will remain
here.
Promoted by Aetna Casualty.
Vernon c.. Dover has been
promoted to superintendent OF
underwriting in the Washington
Office of the Aetna Casualty and
Surety Co., Manager William A
Boone announced"
He succeeds William T. Decks
who has been promoted to a
similar position in the large Phil
adelphia office of the company
Before coming to the Wash
ington Office in 1914, Mr.. Dover
was underwater at Hartford
and at Richmond.
Thomas Charles Grimes, for
merlY underwater at Hartford