davidaulloa/AmericanStories huggingface dataset:
Evening star., 1943-05-26
Attu
Continued From First Page

Cape Surville. San Cristobal Island
Considerable damage was inflicted on
the vessel, which was subsequently
sunk by United States forces after
members of the crew were taken
aboard accompanying naval units,
q. On May "a. Avenger oG1um-
man TBF) torpedo bombers and
Wildcat (Grumman F4F) fighters
bombed and strafed japanese install
lations at Ringi Cove, west of Villa
on Kolombangara Island.
"3. On May 25, Dauntless Doug
las SBD) dive bombers, Aven-
ger torpedo bombers and Wildcat
fighters bombed and strafed Jap
anese installations at Rekata Bay,
Santa Isabel Island. Ammunition
dumps we're exploded and large fires
were started.
North Pacific:
a On May "a, United States
Army ground troops cleared out
both sides of Chichagof Valley. An
assault was made by combined
northern and southern forces along
the ridge north of the valley and
was reported as continuing. AS
sisting in the assault were United
States Army Air Forces consisting
of Liberator Consolidated B-24
heavy bombers. Mitchell North
American B-25 medium bombers,
and lightning Uockheed P-38
fighters. These planes bombed and
strafed japanese positions irr the
Chichagof area and started fires. -
Since the Attu action disclosed
today was accomplished Monday the
communique left uncertain the mill
tary situation on the island at this
time.
The Navy had reported last Sat-
urday that as the battle for Attu
entered its final phase the battered
Japanese defense forces had been
split into three groups.
These groups occupied Chichagof
Harbor. at the northeastern tip of
the island; Chichagof Valley, which
lies southwest of the harbor. and
the north side of Lake Nicholas
which lies still farther south and tc
the east of the valley.
There was no apparent effect OF
the Monday victory directly on the
Lake Nicholas enemy force except
that the United States troops re-
leased from fighting in the valley
might be diverted against the Lake
Evening star., 1943-05-26

Nicholas contingent to the extent
that they were not needed for the
follow-up assault on Chichagof
Harbor.
Loss of the auxiliary vessel
Niagara, as reported in the COM
munique, came without any casual
ties, according to reports received
by the Navy here, a spokesman said.
The commanding officer was It.
Comdr. David Buncombe Coleman,
81, of Whitmire, S. c., whose wife,
Mrs. Williamine Coleman, now lives
at La Mesa. Calf.
A 1.333-ton craft when she was in
private use, the Niagara formerly
was the yacht Hi-Esmaro. She was
acquired by the Navy from Mrs. H.
Edward Manville of New York in
October, 1910. The ship was built
at Bath. Me, in 1929. AS a yacht
she carried a crew of 40, but there
was no word on her complement as
naval vessel.
Evening star., 1943-05-26
Railway Pay
Continued From First Page.

to it's Little Stee, formula, may
justify further increases to correct
gross inequities and to aid the war
effort"
The emergency boards report is
not subject to action by the WLB,
however. and only Mr.. Byrnes. act
ing for the President, may modify it.
An executive order provides that
unless the stabiliZation director 9TH
erWise directs, the recommendations
shall become effective 80 days after
they are filed with the President.
The workmen, who include MAIN
tenance of way employees, shopmen,
clerical help and similar categories
in IS unions had asked an increase
of 20 cents an hour; minimum
rate of 70 cents hourly and the
union shop. The board turned down
these requests.
Protest by Railroads.
The railroads have protested the
increase, declaring that a wage ad-
vance given these workers in jan
uary, 1912, amounted to 16 per cent
and that consequently their pay
could not now be raised without
violation of the little STEEL for
mula, limiting wage increases to Is
per cent over the level of January
l, 1941.
In an unusual step, the board
recommended that approximately
sS5 100000 in back wages that will
be due the employees under the retro
active award be paid in War bonds
as an anti-inflation step. The board
pointed out that this money will be
due the workers by July l, when the
pay roll changes are likely to be
completed, and said that lump sum
of cash disbursements of this char
acter tend to exert a strongly infla-
tionary influence"
There is still before another emer-
gency board an application from
more than 100000 operating en-
ployes, covering the five train and
engine brotherhoods, for 30 per
cent increase. The operating brother
hoods also got a pay increase in jan
uary, 1912, when the White House
interviewed in the face of threat
ened Nationwide strike.
The emergency boards were ap-
pointed to pass on the present case
after the mediation efforts of the
wartime National Railway Labor
Panel had failed.
Hearings Took A Days.
The board for the incorporating
employees consisted of DR.. I. L. Sharf-
man, professor of economics at the
University of Michigan, chairman;
Walter T. Fisher, Chicago attorney,
and John A. Fitch of the New York
School for Social Work.
The board pegan hearings in
Chicago on March l and took tes-
timony for "A days. 1t told the
President that its considered judg-
ment" that the proposed increases
Evening star., 1943-05-26
Buyers Go PinIess
In Legion Poppy Sole

By the Associated Press.
SALISBURY, N. C.-The Ameri-
can Legion Auxiliary held it's poppy
Evening star., 1943-05-26

Staff at Third Service Command

Staff at Third Service Command
Headquarters.
w. r. Woodson, superintendent of
Fairfax County Schools, said no
schools in the county will be closed
because of the gasoline shortage. He
said all school buses will operate to-
day and he expects them to continue
in operation. He said If some buses
run short of gasoline he will expect
students using them to find other
transportation.
Mr.. Woodson pointed out that
there are only 13 school days left
in this term and that if schools were
closed it might be difficult to re-
open them.
Evening star., 1943-05-26

men said, were the refusal of the
company to cease recognition Of the
independent union of transit COM
pany employees, which claims the
majority Of the firms 3, 300 employees,
and to reinstate 10 former employees
as ordered by the National Labor
Relations Board and the War Labor
Board.
Evening star., 1943-05-26

worn out by the end of this year,
according to the Federal Works
Agency.
The agency's statement was based
on a survey of $1,000 car owners,
made by the Ohio Planning Survey.
The FWA, as a result of the study,
predicted tire crisis before the end
of l943. It recommended speeding
up the recapping service and con-
Servation measures.
Evening star., 1943-05-26
Iekes Says Driving Bon
Will Stand All Summer

BY the Associated Press.
Vermont Senators said today that
they were informed by Interior Sec
retary 1ckes, petroleum administra-
tor, that the ban on pleasure driv-
ing in the Eastern gasoline shortage
area will remain effective through
out this summer.
Ample gasoline will be available,
however, for agricultural purposes
and for transportation of war work.
ers, Senators Aiken and Austin said
they were told.
Evening star., 1943-05-26
Bright PIow and Sun
Sabotage Tire
y tho Arcociotad prar,

By the Associated Press.
PLAINVIEW. Tex-Farmer Joe
Bontke left his tractor and plow in
one field, and went to work in an
other.
While ne was gone the sun beamed
on tre brightly polished plow discs.
rejecting the rays on the tractor
A hole was burned through a tire
and tube
Evening star., 1943-05-26

day sale, but 1t couldn't get any pins
for the artificial flowers.
So buyers were asked to furnish
their own pins or, if woman. to
wear it in her hair; if man, to
stick it in his hat band.
Evening star., 1943-05-26
New Passenger Auto
Quote for June Raised

BY Cne HSSOCIaLed Press.
The Office of Price Administration
today set quota of 81 900 new pas
senger automobiles for rationing in
June, an increase of 1000 over May.
In addition OPA established re-
serves totaling $4,000 to fill demands
that may develop in excess of 81 900.
Evening star., 1943-05-26
Gasoline
Continued From First Page.)

operation of tank trucks from Rich
mond to increase the delivery of
gasoline. 1t also is seeking ways of
expedltlng shipments from Green
boro, where the Plantation Pipeline,
La gaceta., 1943-09-21
SERVICIO MILITAR EN-
FL REsTO DEL AN0
Declare Ell General Marshall

Washington, sep 21.- Decla-
rando aver ante IN comite del Sc
nado, ell general Marshall, jefe de
estado mayor del Ejercito, mani
fest6 que no deben ponerse OBJ
staculos a las fuerzas armadas en-
cuanto a reclutar hombres, sean
solteros, 0asados sin hijos o casa
dos cor hijos.
Una MEDIA que prohibiese ell
reclutamiento de los hOmbres ca
sados serviria para alterar la es-
trategia Aliada y prolongar in
necesariamente la guerra.
Ofreci6 tambien testimonio en-
contra del proyecto de ley del Sc
nador Wheeler, que prohibe ell
reclutamiento de los padres de la
pre-guerra hasta ell dia / de enc
TO, ell almirante King, jefe de la
escuadra.
Fue llamado tambien a decla-
rar ell alcalde Fiorello LaGuardia,
de New York, Y seran llamados
Bernard M. Baruch, consejero es-
pecial de la Mobilization de Cue
ira, Y James F. Byrnes.
En- 10 que resta de aho las fuer-
zas armadas necesitan 100000
hombres.
Para ell ejercito 100000, de los
cuales 100000 son reemplazados
y 4O0, 900 adiciones. Para la mari
ma, 100000.
Padres que deberan ser reclu-
tados, 100000.
Objective total del Ejercito has
ia enero primero, 7,7O0, 600 hon.
bres. Objective de la marina hasta
enero /: 100000.
La gaceta., 1943-09-21
la VENTA De BONOS De
GUERRA

Ell condado de Hillsborough arri-
DO aver, en- la venta de bonos de
guerra, a la cantidad de $7,004,-
BIT. Esto significa que han de
venderse 5000, 600 diariamente pa
ra llegar, dentro del periodic sena-
lado, a la quota marcada.
Estima ell gobierno de los Es-
tados Unidos, por medic de la Sc
cretarfa del tesoro que Ell conda-
do puede Y debe comprar $12,-
972, 5O5.
La Ultima parte de la campana
sera la mas dura; pero ell Sr. v.
H. Northcutt opina que Sc llegara
a la meta.
La gaceta., 1943-09-21
CHANG Sc PROPONE RE-
CUPERAR la MANCHURIA

Chungking, sep 21.- En- un
discurso pronunciado aquf, ell ge-
neralisimo Chang, nuevo presi-
dente de China, prometi6 que re-
cuperara para su pals ell fertil te-
rritorio de la Manchuria.
"Ahora es Ell momento para CO.
ordinar nuestros esfuerzos o los
de los Aliados Y lamar una con-
traofensiva en- todos los frentes".
Las palabras de Chang fueron
pronunciadas ante ell Consejo Pc
litico del Pueblo, integrado por
24O miembros, de los cuales 164
son electos por asambles provin-
ciales Y municipales.
De los siete comunistas solo a.
sisti6 ell venerable Tung Pi-Wu.
La gaceta., 1943-09-21
LAS ELECCI0NES De HOY

Poca animation hubo en- los CO.
legios electorales durante las no.
ras de la manana; pero en- los ba-
rrios latinos parece ser mayor ell
n1mero de votantes.
En- West Tampa Sc espera que
centenares de persOnas voten n
ire las 5 de Ia tarde y las 1928 de
Ia nOche.
Muchos obreros de las fabrieas
fueron recogidos por sus amigos
y llevados a votar en- Ia bora del
almuerzo.
Lo mismo Sc hara por Ia tarde
con los que no lograrOn salir en-
horas tempranas.
Bastante animaci6n Sc nOta en-
algunas estaciones "gasolineras",
10 que indica hay abundancia de
cupones o.......
Por la radio Sc dara ell resultadO
de los comicios, en- Ia nOche de
hoy.
Existe Ia impression de que Chan
cey aleanzara una agreeable ma
yorfa en- los barri0s latinOs.
La gaceta., 1943-09-21
VELIZH HA CAIDO EN- LAS
MANOS DEL EJERCITO ROJO
Avanzan los rusos a 10 largo del
ferrocarril que va hacia Odessa.
Una columna sovietica
amenaza a Roslavl.

Mosc1, Sept. 21.-Barri6 aver
ell ejercito rojo unas 1880 aldeas
v pueblos, flanqueando ell baluar-
to central aleman de Smolensk, cor
tando la carretera Kiev-C hernigo
Y amenazando atrapar a miles de
soldados enemigos en- ell cOdo del
rio Dnieper.
I'm communicate de Moscd dice
que Velizh, 60 millas al nOrOeste
de Smolensk, ha caido en- las ma
nos rusas, c~ritalizando un mOvi-
miento envolvente que pOne en- Sc
rio peligro a Smolensk.
La radio alemana dice que la
batalla de Smolensk ha llegado a
un desenlace y que tropas para
caidistas rusas son arrOjadas de-
tras de sus lfneas, sobre ell brazo
norte del codo del Dnieper.
Kozeltes, 40 millas pOr ell norte
de Kiev, en- la carretera a Cher
nigov Y Gomel, en- la parte baja
de la Russia Blanca, estan EN- po-
der de las unidades movies sowi6-
ticas, que tambien Sc e~nCuentran a
solo tres millas de Chernigov, la
fertil iona campesina.
En- la region baja de la Ukra-
MIA, ell Ejercito Rojo Sc mueve a
ocho millas de MelitOpOl, en- ell fe-
rrocarril que ha hacia la Crimea,
Y creese que la caida de esta po-
blaei6n es inminente.
La captura cortaria una aveni-
da de escape para los alemanes
que estan en- la Crimea Y la re-
g;6n occidental del Caucaso.
All sureste de Kiev, una amenaza
mayor Sc desarrolla para los ma
zis y ell rio Dnieper.
Dando la vuelta hacia Ell u
desde Piryatin, los rusos avanzan
a 10 largo del ferrocarril que con-
duce a Odessa, en- un esfuerzo pa
RI atravesar ell Dnieper y cortar
a los alemanes por debajO del rio
y ell este del codo.
Esta columna Sc apOder6 de
Grenbenka, punto de union a So
10 as millas por ell norte del rio.
Mas al este otra division sOvie-
tica desciende por las parallels
del ferrocarril Romy-K remenchug
Y tambien Sc acerca al rio.
(Pasa A La Ultima Pagina)
La gaceta., 1943-09-21
Sc estrell0 I'm
transporte del
Ejercito

Mexton, Carolina del Norte sep
tiembre 21.-En la base de avia-
ci6n Laurinburg-Maxto Sc estre-
ll6 un aparato ~transporte del ejer
otto v murieron % soldados. e.
avi6n Sc incendi6 luego de chocar
con la terra.
Losn ombres de los que perecie-
ron Sc daran a conocer mas tarde.
La gaceta., 1943-09-21
|ada La Carretera Kiev ChernigOv
CAPTURADO EBOLI POR
FL QUINTO EJERCITO
Los COmandOs Entraron en- la
Capital de Corcega.

LOndres, sep 21.- FL QuintO
EjsrcitO capture hoy a EbOli ZEN
Ell sureste de la cabeza de playa
de Salerno.
Los cOmandOs franceses Sc a
POderarOn de AjaeciO, la capital
de C0rcega, y tratan de arrebatar-
lie la isla a los alemanes.
C6rcega estG a so milIas de la
base naval de SPezia y a 100 mi
Has de Geneva.
LuegO de un viOIentO cOmbste
con los nazis, los franceses en-
trarOn en- la capital.
Sc retiran los nazis hacia Ia COS
ia este de la isla.
C6rcega es un departments o
provincial de Francia.
"La situaci0n, segun los despa-
chOs Oficiales, Sc considera salts
factOria".
FL dominic de Corcega permit
ra a los Aliados al te-
rritorio aleman, ell territorio fran
ces y ell norte de Italia.
La gaceta., 1943-09-21
FRANCESAS
ARCARON EN- CORCEGA
|adogIio virtualmente ha
|eclarado la guerra a los nazis.
.os alemanes mandan treinta
|ivisiones para Italia y Balkanes

21.- Comandos
aesembarcado en-
II undo a los pa
en- ell empeho de
anes de la isla.
rcitO Sc apOder6
sula de Sorrento,
apOles pOr fuegO
Badoglio en- Ger
TIA como que su
arado la guerra a
nadas de los ejer-
Octave avanzaron
ebajo de Napoles,
Salerno.
Italia y Russia, ell
en- los Balkanes
10 por ina escua-
por ell Egeo
e a la isla de Cas-
dan la noticia de
Marshall ha pro-
fines de ano mas
a~mericanos esta-
Zero.
! alemana en- TIA
IN momentos y n
D es inminente.
.ra de camiones de
Aliados des-
a~veriaron 1877.
Sc han man.
Quinto y Oc-
\, seg1n n mott
Iuf, uneven 80 di-
'25O,0OO hombres,
Os Balkanes. A los
mandado "a y
divisiones fueron
e parece falso, de
.trategicas de Hit
frente russo, tres
una de Holanda.
i~ntegradas por
"~calidad''.
aumentara a
d~ivisiones con-
j enemigo en- TIA
Balkanes
La gaceta., 1943-09-21
Generates
8 alenanes
de Hitler

Eel periodico
VIDA" informa que
nerales Y oficiales
ma Union de Off
y piden a sus
erriben a Hitler Y
\ gObierno que ten
p del pueblo v pue-
} paz.
~eprOduce la noticia
"Alemania Libre",
mite naciOnal que de
de Alemania.
o~residente del grupo
alter Won Seidlitz,
pa S~talingrado ell 81
cito.
, guerra indtil y sin
ldieta O~casionar una
iOnal."
mites aparecen tam
? general Alexander
lniels y los genera
s, Martin Latham
La gaceta., 1943-09-21
Sc SUICIDE UN CONSUL
ITALIANO

Buenos Aires, sep 21.- Stanta-
fe Palmiri, consul italiano en- es-
ia capital, Sc suicide aqui. Us6 un
revolver para llevar a termino su
prop6sito.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-25
'F|odter Policy
OK din Michigan

Walter r. Cary. president of the
Detroit Association Of Insurance
Agents. announced today that tho
Legislature had IuSt approved the
writing Of personal property
floatcr' policy In Michigan
The association. through It's per-
Sonal property floatcr committee,
Charles l.. NevcnS. Byron a.
Carse. Phil G. Clifton and {. Gil
bert Waldo. has been trying for a
year 10 have this form Of policy
approved in Michigan II makes
IL possible for person 20 buy IN
single policy insurance against
loss TO personal property THROUGH
FIRE, burglary theft or damage
even though the articles insured
might be in transit OF temporarily
al a summer home. or IN some
other location
When the legislation is approved
by the governor. IT will take effect
90 days after the adjournment NJ
the present Legislature. which Is
expected 10 end its session tomor-
row. That would make the lnSur-
ance available June *.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-25
May Get Mechanics

Dealers whose service depart
naentS are suffering from lack
Of trained mechanics may re-
trleNe few by The release NJ
men over IS from the army.
Quo s. Boyer. director Of the
division Of transport personnel,
-4fftc-r-u n bCfCnSp rTansporiA-
ton, has pointed out TO dealers
that they may not only offer
employment to skilled me-
Chanlcs 10 obtain their release
from army duty. but may also
stress the essential nature Of
their operations
The recognition of the essen
'i1lity NJ mechanics hy the War
NanpoWer Commission should
70 a long way 10 getting the
oNer-3SS ont ~ service and into
tho dealers shops. providing
thar there are available re-
placements and tho efficiency ~
lhe army organization will not
he>aHcC'cd
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-25
Brewster Names
Operations Head

NEW YORK. March * DUPl
Walter X. Dow. assistant 10 The
president of the American Bosch
Corp, Springfield Mass, was
elected opcratonal vJcc president,
Of Brewster Aeronauucal Carp at
meeting of the board Of dIrec-
tors today
Henry J Kaiser NhIpbuIldcr.
who recently took over the Brew
Stcr organization. presided
Dow, 20, was born IN Bowling
Green. O. He was formerly a man
uiacturing superintendent of tho
De VilhiSs Manufacturing co.
Toledo O., and a vice president of
tho Alexander MIlburn Co. Balu-
more Md
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-25
j. s. Steel S 1912
Output al Peak;
Profit Declines

NEW YORK. March - lncot
production of o. $. steel Corp.
last yoar reached a new high At
5oO2q 900 net tons. am increase Of
lost. az OYER l9il tho pamphlet
report disclosed today.
Total revenues ar 81 $50 95l go
ss-'-ft==f f5ffT1Si III ffft HISTORY at
the company. exceeding The pre-
vIou> peak M 1871. boy N2i3595.-
30 Ncr profit however rcllcci-
ing large taxes, higher wages,
etc. declined 10 $7lSlS.569 or
sos share ON the common
stock from Siit.fTf077 or Si0.d9
ON The common IN 1871.
itAtttc : oiriS. chairman or the
board. called attention 10 the fact
my income for l9i1 should not
be Considered As necessarily final
adding fNlr L. : Steel has been
asked b> me- Govcrnmcn' 10 re-
negotiate protir>- on products COZ
cred bl war ConfrScl>. and IT Is
impossible as scr To- estimate ct-
feet }t4Hs OF neutrality-suspicious.
on financial results
Furthermore ne said 1912 M
come figures may be- affected by
understandable nature of carry
back provisions of revenue act of
1912. as 10 losses no future years
.amDrt I/9tIou of war facilities and
adjustment Of inventory values
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-25
He eft Home

In Lansing the other Gay 10
see Az American showing Of Tho
famous deIiapilland Mosquito
bomber. staged for the benefit
81 the NaNr-iIrtv1nat0r- CnpiOXeS
turning out propellcrS for the
Canadian version of the plane
7T7rt TIT t-TUCST Keller an OF
fcial 81 The propeller plant
Keller s father Was an uid REQ
man and time he-pHiled-hf>
son aside and said
III YOU really want Ia get
ahead. son, get out of your home
town"
Years later Keller had
chance 10 20 with Nash-kClvi-
majors Kenosha WIS, division,
and, needing his fathers tip he
took The job.
A few short months later this
country went 10 war and Ernie
Keller was transferred back on
an important loh m the pro-
pollcr division in Lansing his
old home town
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-25
Auto
Graphs
Ternstedt Boosts
Output Of Flight
Instruments 10 Timesn
By SILFR FREEMAN

Output of flight instruments
al the TernStedt division OF
Fisher Body is running AZ 10
times the rate originally sched-
uled, according TO r. G. Fisher.
general manager. Employment
in this division has quadrupled
aHd=tf1e contract haS been
boosted several times.
The rate of production of the
fright instruments is A good
indication of the speed with
which planes are being rolled
OFF assembly lines. The lnstru-
mcntS are being Installed In
almost every type of ship, bomb
erS, pursuits. interceptors, pa
troll planes. etc.
Fisher revealed that the
Ternstedt division is one of the
nations largest producers Of
gyro horizon and direction gyro
indicators. Inc plant was the
first 10 use automotlve assem-
bly-line technique 10 manufac-
re the delicate instruments.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-25
Develop Control
For Dehydrdtion

PHILADELPHIA, March %
Because automatic control Of
temperature and humidity has
taken on such importance IN
the rapidly expanding food do;
industry, the Brown
instrument division of MinncZ
apolIS-Honcywell Regulator Co
has established a separate food
eall44+ Al S-tirr11rtr77rrT-
II was announced here today by
l. Morton Morley vice president
and general sales manager.
Utilizing the years Of expert
ence gaine In developing
process controls for steel, syn
thetic rubber. 100 octane gaso-
line. food processing, and many
other KEY industries" Morley
said. n special stan of our
engineers has been working for
-Some- tinae-n -eep-rt-of thr-
department ~ agriculture, the
food professors and the manu-
facturers Of other equipment 10
improve methods Of dchydration.
As n result. number Of i'm
pottsnt Installations utilizing
automatic controls are now In
service.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-25
De ekerd Appointed

II G DcckafG>,a veteran Of
the aviation indusfr&s has been
made division managers Of Re-
public Aircraft Products. De-
trolt. and Northern Aircraft
Products. Toledo. both divisions
Of the Aviation Corporation.
Deckard was handling special
production assignments AZ VIII
low Run on output of the
Consolidated bomberS. prior 70
has appointment
Dockard was q nicr in World
War and was technical adviser
10 The Boiling commission, ~
veStlgatlng European aircra
engine and plane production.
He is author Of Shop Maihe-
mates published in 1915.
which Is still in use on this
subject.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-03-25
Budd Mfg.
Proposes
RefuIllIiIlS

Edward G. Budd Manufacturing
Company has announced refundlng
of its outstanding Indebtedness by
means OF a $l2000.00 sinking
fund loan for term of five years
Amount of the Indebtedness, which
is being refinanced, was not dis
closed.
AS of Dec. 81 1912, the com
pany'S loan outstanding to REC
Federal Reserve Bank -ni- phila-
delphla and Associated Banks of
Philadelphia amounted 10 $1,000
900 as compared with $4,000 600
IN May -l942 at the time the com
pany obtained a new loan of So
100000 from RFC and refunded an
outstanding balance OF So. 100000
from two loans previously made TO
Budd by RFC.
A group of Philadelphia and
New York banks, several inSur-
anCe companies and RFC par
tcipated In the now loan through
arrangements made by Ladenhurg
Thalman e. Co. and White Weld d
Co. Average interest rate is I'M
derStood 10 he a. per cent.