Evening star., 1953-04-21

ing record with Capital Airlines,
of which he became president in
October, 1947. .
He started in aviation when
1t was a pioneer field and be-
came a pilot and later chief
pilot of predecessor company
OF Capital Airlines.
Savings Bond HOnOrs.
Fifteen banks and six build
ing and loan associations will
be honored by the Rotary Club
OF Washington tomorrow for
service to their country and
community through co-opera-
tion with the Savings Bond Pro-
gram.
Maurice K. HEARTFELT, Rotary
president, will preside at the
luncheon meeting at the May
flower Hotel. w. Randolph Bur-
CESS, deputy to the Secretary of
| the Treasury, will speak. Robert
V. Fleming, president of Riggs
National Bank, will introduce
Mr. Burgess.
A citation for the group will
be presented to Thomas j.
Groom, president-elect of Ro-
tary and president of the Bank
of Commerce & Savings. The
presentation will be made by
Martin T. Wiegand, chairman Of
the Community Activities Com
mittee, United States Savings
Bond Division.
The following banks and as
sociations will be honored:
American Security & Trust, Bank Of
Commerce Hamilton National. Lincoln
! Munsey Trust. National Bank Of WASH
ington. National Capital. National Metro
Htons, HoittS National ssiona Saynss Trust Rigss
Trust.
Also, First Federal Savings T. Loan
hTSss ~ WashHston
Loan. Liberty Building. District Building
g. Loan. and Brookland Building.
The above institutions were
selected because they have repre-
sentation in Rotary.
Jacobsen Tribute Impressive.
One of the most impressive
tributes here in recent years was
paid last night to President c. F..
Jacobsen of the National Metro
politan Bank at a dinner at the
Shoreham Hotel.
It marked his completion Of
so years of service to the bank
and Washington leaders from
many fields joined in the tribute.
Given by the directors of his own
bank. the dinner brought a large
turnout of fellow bankers, both
of Washington and from out Of
town.
Felix Morley, a director of the
National Metropolitan, served as
toastmaster, and George Allen
entertained with a humorous
talk. A silver service presented
to Mr.. Jacobsen by the directors
carried the following inscription:
Presented to Christian F..
Jacobsen by the directors of the
N a onal Metropolitan Bank
upon completion of SO years of
conscientious. loyal. devoted and
efficient service to the bank"
VepcO Net Above 1852.
Net income of Virginia Elec-
trio & Power Co. in March
amounted to 990,040 VS.. $685.
401 in March. 1852. the company
reported today.
1t was equal to 14.7 cents a
share on common stock, COM
pared with 1876 cents on fewer
shares year earlier.
Net for three months this year
totaled $11,958,619 or $1.78 q
share VS.. $10,989. 1861 or $1.76 in
the same 1852 period.
Heads New M. and M. Unit.
John w. Costello, president Of
the National Employment Serv-
ice, has been elected chairman
Of the new Employment Agencies
Division Of the Merchants and
Manufacturers Association.
Mr.. Costello, who has been in
business here for seven years, Is
member Of the Washington
Executives Association, former
director Of the Junior Chamber
of Commerce and a member Of
the Kenwood Country Club.
Bankers Coming Here.
More than 200 saving bank
officers and trustees, represent
ing 528 mutual savings banks Of
the nation, will meet at the
Shoreham Hotel May 11-13 for
the 33d annual conference Of the
National Association of Mutual
Savings Banks.
w. Randolph Burgess. deputy
to the Secretary Of the Treas
l,rv and Senator Bridges. Re.