Evening star., 1953-01-19

SlOAd1y W1A1CL1 4
Linotype ac- Mr.. Flather'
quired in 1850, will move its op
erations from Chicago, to, tn
Brooklyn plant and Offices, o
the parent company within f,
few months. The Davidson Corp
manufactures offset printin,
equipment. The stockholder
voted to increase the number O
directors from nine to II. ThI
new directors will be elected
formally at an early meeting
They are Karl Schoettle of Phil
adelphia and Gordon B. Welch
Linotype's vice president il
charge of manufacture.
Mr.. Flather has long beel
identified with the company ant
is former president. He wa
reelected to the Board of Di
rectors for the first time in June
1948, when he also was movet
up to. chairman. From Januar!
OF that year he had served al
president of the company, hav'
ing been succeeded by Mr.. Reec
upon assuming the chairman.
ship. He is also on the Executive
Committee. @
Another Washingtonian
Charles A. McKenney, jr., vice
president Of the National Pub
fishing Co., was reelected to the
board.
Banks Close Tomorrow. .
Inauguration day, tomorrow, is
a legal bank holiday in the Dis
trict but not with the Washing
ton Stock Exchange. The latter
will be open for business as
usual"
Riverdale Bank Assets.
Assets of the Citizens Bank
of Riverdale reached a record
$13,048.885 at the year end, a
gain of $827,178 from a year
earlier, President Alfred H
Smith announced. Delbert P
Weldon, manager of the banks
Riggs road branch, was elected
an assistant treasurer. Other
officers and directors were re-
elected.
Clarendon Trust Co. in Ar
lington. Va, organized in 1921,
has voted a 100 per cent stock
dividend to all stockholders of
record January Is. Thomas E.
Sebrell III, secretary-treasurer
said this was possible because of
the banks earnings over past
years.
Stockholders recently author
ized the sale of $500 shares of
new capital stock at $50 share.
Present stockholders will have
until March Is to purchase one
share of the new stock for every
two full shares owned, after
which subscriptions will be open
to the public.
Officers and directors of the
Clarendon Bank were all re-
elected.
Bank Sponsors Telecast.
The National Bank of Wash
ington is sponsoring tomorrow
the first telecast of the inaugural
ceremonies and parade by a local
institution. it was announced by
DuMont Television. The bank
is the oldest in the District.
Walter Compton, general man.
ager of DuMont's WTTG sta
tion, here, further credits the
National Bank with a pioneering
step among banking institutions
insofar as participation in such
a large-scale public service TV
venture is concerned. No COM
mercial used on the telecast will
exceed II seconds, thus insuring
that the announcements are
kept in line with the dignity of
the event.
Cameras will be located al
Fifteenth street and Pennsyl-
vania avenue NV. and in the
facilities of the White House
reviewing stand. The program
will take the air at 1870 am.
and cover, also, the whole pa
rade.
Accountants to Meet.
Basic accounting principles al
applied to the Federal Govern
ment will be discussed by Karney
A. Brasfield at the monthly
meeting of the District Institute
of Certified Public Accountants
on January %, at the Mayflowel
Hotel. Mr.. Brasfield. now with
the General Accounting Office
in the Accounting Systems Di-
vision. has had 20 years expert.
ence with the corporate or busl-
ness-type agencies in the Gov.
ernment. He is a member of the
American Accounting Associa-
tion and the Federal Government
Accountants.
Goldfaden Named to Post.
Chester r. Jones, genera
agent of the Massachusetts, Life
Insurance Co. in Washington
announced the appointment .oi
Benjamin P. Goldfaden to the
staff. A former George Wash
ington University basketball
star, he has played pro basket
ball for 10 years with the Wash
ington Caps. Harrisburg, Will
mington, Baltimore and Trenton
teams. He is now commissioner
of softball for the District o.
Columbia.
Air Shipments Increase.
Air express shipments in ane
out of Washington rose 8.2 PEI
cent during December, compared
with the same month in 1881
P. H. Cummings, general man
ager of the air express division
of the Railway Express Co. Gros
revenues also gained 1873 pc,
cent for the same month.