Evening star., 1953-01-20

regar ded as
representative
of business Mr.. Ford.
thinking and responsibility. In
fact, a close look at the new men
in key Government posts would
seem to indicate that the barri-
cades have been stormed.
LAS business moves into this
new and unfamiliar role in the
Nations affairs, it should not
escape us that, over the past
decade or more. Americas tre-
mendous strides in production
and higher living standards
have been due not so much to
our own purpose and intent as
to our ability to respond effec-
lively to circumstances beyond
our control" he added.
Opportunity, often in the
form of dark and desperate
forces, has, in effect, led us by
the nose up the road of material
progress and international re-
Sponsibility.
There is a chance now to
provide a kind of leadership
which acts rather than reacts.
which seizes the initiative. and
which moves ahead by design
rather than in response to out
side pressures. American busi-
ness has a greater responsibility
and a greater opportunity than
ever before.p
Bankers More Cautious.
Bankers are getting more
cautious about providing capital
for appliance retailers, reported
the current bulletin of the Elec-
trio Institute of Washington to-
day. D.
"A banker told the National
Appliance and Radio-TV Deal
erS' Association that banks should
not be expected to provide risk
capital for retailers" the bul =
letin stated.
THE banker saw continued
need of more capital for appli-
ance dealers but said a word of
caution is circulating in bank
ing circles to inspect closely any
unqualified, underf1nanced ap-
pliance dealers"
Parking Space Purchased.
Suburban Trust Co. has pur-
chased the property at lilo Will
low avenue, adjacent to its
Takoma Park Office. Warren E.
Lawson, assistant vice president
and manager, said the property
was acquired to alleviate a seri-
Gus parking problem for patrons.
The company hopes to install
a drive-in window in the rear
of the bank to convert the
property into parking lot. or
both.
National Thrift Week is being
celebrated across the Nation
this week. John w. Snyder. the
outgoing Secretary of the Treas
ury urged all Americans to join
in the observation.
Mural Tells Story of Steel.
At the formal opening Of the
new Offices and warehouse of the
j. B. Kendall Co. on January
"a, a major feature will be the
dedication of a mural of steel
production by Ryah Ludins.
The large mural depicts the
epic story of steel from the roar
ing blast furnaces to the spires
of modern civilization. Miss
Ludins is internationally known
as a painter of industry.
The Kendall company is one
OF the largest distributors Of
steel and hardware in this area.
Founded in 1856, it furnished
considerable tonnages Of steel
for the building Of the Panama
Canal.
The new offices and warehouse
are at 2160 Queens Chapel road,
N. E.
Record Assets Reported.
The Alexandria National Bank
had record assets Of $19.827. $40
at the end Of 1852. a gain of
$2,937, ,791 from a. year earlier,
stockholders were told at the re-
cent annual meeting by Presi-
dent Howard w. Smith.
All directors were reelected
as follows: Thomas A. Butt,
Charles A. Davis, Luther H.
Dudley. Luther A. Gillian, Rob-
ert L. May. Mr.. Smith. Henry p.
Thomas, William p. Woolls.
Donald E. jameson and Law
renee S. Thomas, jr., were pro-
NOTED from assistant cashiers to
assistant vice presidents. John
F. Hepburn and Miss Lena F.
Talbert were elected assistant
CdSulerS. All OCEer oIucerS were
reelected.
Richmond Is Next.
Debaters of Washington Chap
ter. American Institute of Bank
ing, who defeated a team of the
Philadelphia chapter by a unani-
nous decision at Philadelphia
last week, now are looking for
ward to q debate with Richmond
chapter next month.
Members of the Washington
team are James r. McCauley,
jr.. and George o. Vass. jr., both
OF the Riggs National Bank.
Hugh Darling Of the same bank
was chairman for the Philadel-
pl1ia debate.