Evening star., 1953-02-18

1EDVCEO MkS NAHCSs
tute of Banking, Martin ].
Travers of Niagara Falls, N. Y,
at the 45th annual banquet Of
Washington Chapter at the
Mayflower Hotel Saturday night.
Lloyd S. Carey, president Of
Washington Chapter, who an
nounced the arrangements to-
day, said enrolment in Wash
ington Chapter classes top all
records in So years. With a to-
tai of 708 bank employees and
officials already enrolled in the
first class, other classes are still
to start instruction. In keep
ing with the precedent set last
year, there will be no speaking
program at Saturdays dinner.
Mr.. Carey is assistant treasurer
of the Suburban Trust Co. and
the arrangements for the affair
will make it the largest in the
history of Washington Chapter.
Prominent officials of the new
administration will be seated at
the head table with Mr.. Travers
as honor guests. The ALB presi-
dent is well known here and is
vice president of the Power City
Trust Office Of the Marine Trust
Co. of Western New York at Nj
agara Falls.
Honor Guests Listed.
Among the other honor guests
will be Mrs. Ivy Baker Priest,
treasurer of the United States;
Marple T. Harl. chairman of the
Federal Deposit Insurance Corp;
George A. Didden, jr., president
of the District Bankers Associa-
ton, and John A. Riley, president
of the Washington Clearing
House Association.
Out-of-town guests who will
attend are members of ALB
chapters from New York. Phila-
delphia, Baltimore, Wilmington,
Richmond, Norfolk Portsmouth,
Newport News and Winston
Salem.
Festivities will start with So
cial hour at $3.50 pm. Every
bank in Washington will be rep
resented at the banquet.
The forthcoming convention
of the District Bankers AsSocia-
ton at the Claridge Hotel, At
lantic City. N. j., will be held
June 1914, w. HileS Pardoe,
general convention chairman,
announced today. Earlier an
no1ncements had erroneously set
the date as June 81.
Loan League Assets Gain.
Assets of the 2S member as
sociations Of the District Build
ing and Loan League reached
$5l8,947,177 on January 81, q
gain Of $61, ,064,15 from a year
earlier.
Secretary F. Wilson Camp re-
ported that 1.049 new loans made
in January totaled $1O,91O,658,
compared with 961 loans for So
852, 2,592 in January, 1852. In
cluded were 157 construction
loans for 1890, 400 VS.. 1876 for
$1,984,905 a year earlier; also
493 home purchase loans for
$5.467, $50 VS.. 427 fer $4,11O, ,6O3
and 399 other loans for $3,482,-.
708 VS.. 349 for $2,757,O84.
Mortgage loans of the member
associations amounting to $457,-
959,323 on the books as of jan
uary 81, were up $56, 6,853, ,208. In
vested capital of $445, ,263, ,O96 was
$56.745.779 higher and reserves
OF $43,613.621 were up $3,949, ,290.
GrOsner HOnOred.
Gerald D. GroSner, retired
head of Grosner's mems store,
today was made an honorary
member Of the National Associa.
ticn of Retail Clothiers and
Furnishers.
The association is holding it's
35th annual convention in New
York. Mr.. Grosner was re-
elected treasurer.
Edward I. Cowen of the Young
Mems Shop was reelected to the
board of directors.
George A. Hates. general
agent of the Fidelity Mutual Life
Insurance Co. in Washington,
has been awarded the 1852
agency building award, the
company announced today. This
is his second consecutive year
for this honor.
McKnew Is HOnOred
Edward S. McKnew,. vice presi-
dent of the Real Estate and Co
lumbia Title Insurance Co.'S,
completed so years of continuous
service with these companies on
February Is. In commelnoration
of the occasion, he was guest of
honor at a dinner last night
given by officers and employees
at the Columbia Country Club.
For many years Mr.. McKnew
had served as secretary and
treasurer of the companies, and
was elected vice president in
January. A native Washingto-
nian and widely known in real
estate and banking circles, he
started with the companies when
he was a boy. President Harry
j. Kane, presented Mr.. Nc
Knew with gifts 10 commemoret te
the anniversary.
c. Carney Smiti,, general agent
in Washington fer the Mutual
Benefit Life Insurance Co. of
Newark. N. j.. will leave Friday
to attend the company's annual
meeting of general agents at the
home office. He is on the beard
of directors of the General
Agents Association of the COM
pany.g
Odd-Lot DeoIinos
NEW YORK. Feb. Is 9.-rh. New