Evening star., 1955-06-23
6. U. Will Offer Degree
For Course in Banking
BY DONALD B. HADLEY

Ter q DacnelOI OF science degree
In banking for completion of a
new four-year course designed to
train students for positions Of
executive caliber in the field Of
banking.
The university's 20-year-old
Division of Business Administra-
ton will innaugurate this major
program in a new field this fall,
1t was announced by the Very
Rev. Edward B. Bum. Sd, uni
versity president.
First banking degree to be Of
fered by any college or univer-
sity in this area, 1t is in line with
campaign of the District
Bankers Association among edu-
cational institutions of the area.
Drive Started in 1854
The association started its
campaign with resolutions at
the 1854 convention and reaf-
firmed them at the recent 1855
convention at Hot Springs. Va.
The lack of trained personnel
to fill executive positions Of
banks has been felt across the
entire Nation and the American
Bankers Association has taken
an increasing interest in the
problem.
Candidates for a degree will
be able to complete the new
course in four years of day study
or five years at evening sessions.
New programs in management,
accountancy and public admin
istration will be offered also in
the fall semester. The programs
have been completely revised in
the light of present-day needs,
said Prof. Henry M. Cunning
ham, director of the Division Of
Business Administration.
Gasoline Data Disclosed
The District of Columbia, Vir-
ginia and Maryland fed their
thirsty automobiles almost two
billion gallons of gasoline in 1854
and owners paid out $108 million
In gas tax.
Astronomical figures on the
price of motoring, rejecting in
creases in the number of auto
mobiles appear in the current
issue of The Nozzle, monthly
magazine of the Metropolitan
Retail Gasoline Dealers Associ-
alton, Inc. A breakdown on the
gasoline sales for 1854:
District, 201 ,029.000 gallons;
Maryland. 709,170,O00; Virginia.
1,060,759,O00.
The figures show the trend
toward suburbia in heavy in
creases in both Virginia and
Maryland and a decrease in Dis
trict gallonage. The Districts
loss was in gallons was 3,201 900
under the 1858 volume, but
because of 1-cent gas tax in
crease on June l of last year
Washington's revenue increased
8 per cent to $10,980, 900.
Maryland's tax collections to-
tailed $39, ,459 900 for a 14.7 per
cent increase; Virginia's $751;
947,000 for a 81 per cent gain.
Legislation Watched
House bill No. 6,782, which
would amend the secondhand
dealers licensing regulation in
the District of Columbia, is
being watched closely by every
appliance, radio and tleevision
dealer and distributor here. re-
ports a bulletin from the Elec-
tric Institute of Washington.
Adoption of the proposal
would save the District electrical
industry more than 100000 an
nually, the bulletin says.
Primary dealers in other Dis
trict trade groups also would
be relieved of the added expenses
of doing business caused by
provisions of the present regula-
ton, the bulletin adds.
The 100000 represents license
fees now required, expense Of
reporting an estimated $1,000
trade-in items to the police de-
partment and warehouse ex-
penSe which has been required
to store trade-ins for Is days. It
does not include an estimated
$4,000 capital tied up in trade
ins for Is days.
Mason to Be Guest Speaker
Lowell Mason, senior member
Of the Federal Trade Commits
sion. will be the featured speak
er at the kickoff" dinner next
Tuesday starting a promotion
drive of the American Institute
of Mems and Boys Wear, Inc,
in New York City.
The institute is planning a