davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
BiIbo Is 'Horrifying Warning,
Mississippi Publisher Asserts

reason as a Mississippian is selfish.
He can do Mississippi less harm In
washington than he can at home.
Surely, 1t is better for us that
he should be ex ofIicio mayor of
Washington than again Governor
of Mississippi"
Mr.. Carter, publisher Of the
Delta Democrat Times
and this years winner of the Pulit-
zer Prize for a series Of editorials
on racial, religious and economic
tolerance, spoke in reply to a broad
cast by Senator Bilbo last week.
Referring to Senator Bilbo's two
terms as Governor of Mississippi,
Mr.. Carter said:
He left it bankrupt - its uni
versities in disrepute and black
listed its institutions in politi-
cal and moral chaos, its name by
word for political degradations."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
Is to rs Russian Divisions
Reported at Ironiun Frontier
Mountain Units and Mechanical Forces Said
To Be DepIoyed for 80 Miles Along Border

the Russians evacuated Azerbaijan
Province last May.
(This would place the Russians
near the head of the rail line and
highway into Azerbaijan Prov
ince roughly midway between the
Black Sea and the Caspian.)
Col. William T. Sexton, United
States military attache, and three
aides, who were arrested by Aver
baijan Democrats in Tabriz June 10,
left Teheran last week for Tabriz
en- route to the frontier.
A highly placed diplomatic source
said Premier Ahmed Qavam was
greatly concerned" over rumored
troop movements in the north and
the British decision to move Indian
troops into Basra, Iraq, near the
Anglo-Iranian oil fields in Southern
Iran.
Teheran newspapers reported
that shipload of Indian troops
had arrived at Basra.
Flying over the Persian Gulf en-
route from India I observed the
British light cruiser Norfolk an
chored off Bahrein Island and a
British destroyer in Iraqi waters
across the narrow Shaft AL Arab
from Abadan Island. An armed
sloop was anchored at Basra and
-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
Strong Stand by U. s.
Against Red Claim on
Dardane||es Indicated
Trumon's Support Appears
Certain in Forming Of
Positive American POLICY
BY the Associated Press

With evident presidential ap-
proval, Undersecretary of State
Dean Acheson indicated yester-
day the United States is deter
mined to stand Arm against
any Russian military expansion
into the Turkish-controlled OAR
danelles Straits.
The whole subject Of American
policy on this issue. which top Of
f1cials regard as one of the most
critical on the international scene
was reviewed at a White House
conference Thursday, informed per-
sons said.
While there was no official dis
closure regarding the White House
meeting, Mr.. Acheson's statement
to a news conference yesterday was
interpreted by diplomats as evil
dence that President Truman had
given the go-ahead for develop
ment of a positive American policy
in the face of new Russian demands
on Turkey.
Proposals Recalled.
- Mr.. Acheson said he could see no
reason why proposals initially put
forward by Secretary Byrnes last
September for modifying control OF
the straits should be changed.
The main point of Mr.. Byrnes'
proposals. made TO Turkey, was that
Russian ships should be allowed the
right to travel through the straits
at all times. This modification
however, would leave sovereignty of
land on either side in the compete
possession of Turkey and would
keep the legal status of the waterway
under an international treaty to
which Britain and several other
countries are parties.
BY contrast, Russia in a note to
Turkey early this month, proposed
that Turkey and the Soviet Union
should jointly share responsibility
for the defense of the straits-which
is interpreted here to mean Russian
bases in the Dardenelles. The Sow
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
Pitched Battle RACES
In Calcutta as Dead
In Riots Reach $50
1000 Reported Injured
In z Days Of Disorders
Between Hindus, MosIems
BY the Associated Pres,

CALCUTTA, Aug. ia pitched
battle was raging tonight be-
tween crowds of Moslems and
Hindus in Central Calcutta after
another day of riots marked by
arson, looting and stabbing Incl
dents. Casualties in the two-day
disorders were estimated at $50
killed and 1000 injured, Reuters
reported.
British and Indian troops, REIN
forced by armored cars, struggled
to clear the streets. The situation
was reported improved in the north
part Of the city.
Sir Frederick Burrows, governor
of Bengal. told Calcuttans in a
radio broadcast tonight "it was dis
creditable that, on the eve of self
government, the largest city in
India should become a victim of
mob rule" He said political lead
ers of all parties were unanimous in
condemning what he described as
the licentious destruction of life
and property.
Orders were issued prohibiting the
assembly of five or more persons and
barring the carrying of dangerous
weapons as reports came in from
northeastern sections of the city
telling of new disturbances today.
Yesterdays clashes began when
the Moslem League observed q
direct action day" protesting
against British independence plans
for India. The bloody clashes con-
tinued into the night, despite q
curfew. Bus and tram service re-
manned suspended today and footing
was reported during the night and
this morning.
Some estimates placed the losses
from looting yesterday at more than
So, 000, 900.
Some sources said it would be q
week before order was completely
restored.
British troops, wearing steel he'll
NETS, were well armed. They moved
about the streets in jeeps covered
with wire mesh to protect them
selves against missiles hurled by
the mobs.
The police resorted to firing to
break up Hindu-Moslem fighting
They opened fire on College street,
where the burning of a Moslem
mosque caused bitter fighting.
Indians armed themselves with
heavy sticks and clubs, despite the
police order Sikhs, who monopolize
the taxi cab business in Calcutta,
cruised in groups in their cabs.
Trouble Removing Bodies.
Some civilian cars took Europeans
to their offices. One European was
seen walking to work with a gun
slung over his shoulder.
A police officer, who had been on
duty about 80 hours without rest,
said the authorities were having
difficulty removing the bodies of
victims of thee clashes because the
continued rioting kept patrols on
the move.
THE best we can do is move the
| fCea TN0TA Dooo AO1
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
GAO Suggests Recall
|0f $50 Million Put Up
To Help Start FDIC
Sound Financial Position
Of Federal Corporation
Is Cited in Report
BY the Associated Press

The General Accounting Office
suggested today that the Gov
consider calling in
$150, 100000 it put up 10 years
ago to help start the f1ourishing
Federal Deposit Insurance Corp.
T. Coleman Andrews, director of
the corporations audits division of
the GAO, said in report to Con-
gress that it appeared the corpora
ton is in such good financial shape
it could return the money without
impairing its operations.
The same goes, he said, for $780,.
299 ,566 put up by the II Fedora
Reserve Banks for the initial deposit
guaranty fund. into which the Gov.
ernment's $50, 000, 900 also wen
when the FDIC was created IL
1888 to insure depositors agains
bank failures.
No Action on Bill.
Mr.. Andrews recommended thai
Congress authorize the FDIC's
directors to return the Government
and the Federal Reserve money "if
in their opinion, such action is
advisable" A bill to do that was
introduced near the close of the
last session but was not acted on.
One FDIC official said such a re-
turn probably would be agreeable to
the FDIC if provision were made for
transfer over a sufficient period OF
time-possibly four years-so there
would be no abrupt disturbance OF
the corporations balances.
The report on the FDIC spoke of
its operation as well managed by
its board of directors" commented
that Its accounting system is well
conceived and its accounts are well
supervised and kept
Losses Are Small.
Although the corporation, since
its inception in 1888, has paid out
almost $500, 000, 900 in claims, loans
to merged banks, and purchases OF
assets. from merged insured banks
actual losses sustained, plus esti-
mated losses, are calculated to
amount to only Ills per cent of such
payments" the report said.
1T is noteworthy that, although
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
Mats Trail Athletics,
a 10 0, in First Game
By Burton Howkins
c.. n rI
sfor SioH Correspondent

Sfof SioH correspondent
PHILADELPHIA, Aug. 1.-THE
Mats were trailing the Athletics, 4
to 0, at the end of the second inning
Of the first game of their double
header here today after a savage
assault on Bobo Newsom.
Luman Harris was on the mound
for the AS.
FIRST INNING.
Observation-Disclosures singled to
right. Lewis grounder bounced off
Harris glove to Grimes, who threw
him out. Majeski threw out Spence.
Grace holding second. Vernon flied
to Vaio. No runs.
PHILADELPHIA Hitchcock threw
out Valo. Grimes famed. McCosky
doubled to left. Suder walked
Chapman popped to Priddy. No
runs.
SECOND INNING.
WASHINGTON-Travis bounded
to Grimes. Priddy doubled to CEN
ter. Suder threw out Hitchcock,
Priddy going to third. Early flied
to McCosky. No runs.
PHILADELPHIA McQuinn
walked. Majeski singled to left, Nc
Quinn stopping at second. Desau-
tells sacrificed. Vernon to Priddy.
Harris famed. Valo was purposely
passed. filling the bases. Grimes
doubled to left, scoring McQuinn and
Majeski, Valo stopping at third.
-Valo scored on a wild pitch. When
Early threw wild past Newsom, coy
ering the plate, Grimes also scored.
McCosky singled to center. Suder
also singled to center, McCosky
stopping at second. Chapman forced
Suder, Travis to Priddy. -Four runs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
i. ). Studies Warninc
OF JAW Demands
II Price Curbs Fail
Reuther Declares
Union Will Reopen
ChrysIer Contract
BY the Associated Pres,

The Government today was on
formal notice by the CLIO that
new round of wage demands i'm
ponds if economic agencies fail
to push prices downward.
To implement this warning, the
executive board of the powerful
CIO-United Auto Workers author
lied reopening of the Chrysler Corp.
wage agreement on October 16. That
contract provides for new wage
negotiations on so days notice.
The auto workers board said it
will follow with other companies
where contract provisions permit, +"
and President Walter P. Reuther
estimated so to so per cent of the
unions $4,000 members are en-
ployed under such contracts.
CLIO Leaders Give Warning.
While the auto workers board was
announcing it's plans, committees of
the CLIO personally conveyed the
notice that new wage demands may
be in the offlng to the three officials
most concerned in the job OF head
ing of imitation. The committees
saw Reconversion Director John r.
Steelman, OPA Administrator Paul
Porter and Secretary Of Agriculture
Anderson.
CLIO Vice President Allan S. Hay
wood, director of organization, said
the committee told Mr.. Steelman
frankly that our unions will have
to insist on new wage increases as
soon as our contracts permit I'M
less prices are placed under a much
1rmer control"
1--WE told him we would have to
seek redress if the Government con-
tinues to let living costs soar" Mr..
Haywood told reporters. I'VE in
sisted on real price control instead
(See JAW. Page AL J
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
Admiral BIondy Gets
Radioactive Hotfoof
From A-Bomb Test
BY the Assoeiated Press

ABOARD U. s. s. MT. Nc
KINLEY AT PEARL HARBOR,
Aug. 1.-THE atomic bomb
gave Vice Admiral w. H. p.
Blandy a hot-foot.
A pair of heavy service shoes
the atom test chief wore while
inspecting radioactive target
ships several weeks ago still are
SO hot with radioactivity that
the Geiger counter needle
jumps of1scale when held over
the shoes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
Bulletins
80 Injured in Bus Crash

MADISON, Wis. R.-At
least 30 persons were injured
today, several seriously, when
a ChicagO-to- Madison bus left
the highway about Is miles
east of Madison, struck a cul-
vert, hurtled through the air
and landed on its side. City
police ambulances rushed the
injured to Madison hospitals.
There were 81 passengers in
the bus, the sheriff's office re-
ported.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

autopsy fixed the cause of death
as choking on piece of food caught
in the windpipe.
Associates said Commissioner
Porter was deeply affected by the
.(See PORTER, Page A-2)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17
Sugar Subsidies Raised

Increased subsidy payments
to sugar beet professors, ex-
pected to speed up distribu-
ton of sugar which has been
held back in expectation Of
price increases, were an
nounced today by Recover
sion Director John r. Steel
man.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

lSee JAW, Page A-2.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

(See FDIC, Page A-2.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

(See DARDANELLES, Page A-2)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

(See PALESTINE, Page A-2)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

(See INDIA, Page A-2D
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

(See SURPLUS, Page A-29
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

See CONFERENCE. Page A.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

(See IRAN, Page A-2.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1946-08-17

Partly cloudy, warm, humid; temperature
nearing 80 today: cloudiness, occasional show
ers or thunderstorms likely tonight, tomorrow
Temperatures tooay-High, a. at 1885 pm;
low, 10. at am. Yesterday-High, "a, at
$40 pm; low, GO. at $50 am
Detroit evening times., 1946-01-18
LITTLE FARMS FOR SALE

A BARGAIN
ss acres on sugar Bgxh RI nr M,.
ClemenK good suil. nice Np0dk. only
$3.50 per scrt a dosn. Office. 1888
s. Crsflot. NJ, Clemens
HOUSEN'AS- -SPTTZLEY CORP
vsnDiser MI Clemens 43a2 CH 4slo
A GOOD location Tor people who are
forced 70 move f.om airport AREA. 2, /,
A. on Goddard Rd unusually 'ertile
81 600 an SeWmsn Ecorse Road al
Monroe Bivc. AT $3.50
ADJOINING Wyanco'tc. large e-rn.
houSe with lotS city water. BUS sery-
icr close 20 school house needs iiSiSn-
Lax inside. s. ESQ 5000 dn- ke~ man.
N0rthine and DiS WYandotte 275o.
BELIEVE IT OR NOT--Acre with rich
gAT6en land with neat 4-rOOm bunEsloS.
NrhtE and good veil steal a. 81 500.
S40O down. immediate postsessiOn.
CROSSMAS Van Born and Wayne
wsyns 0a2O
FARM 10 acres IN Coe Twp Isabella
Co Very rood land and buildings Seil
Z aimed fieCIiciiy 4 Cernek. 4Ol ).
Mission NJ Pleasant. Phone 2s-iil.
FEsTON Is9Ts -s rms bricsoie
bst stove heat ] acre. With chicken
hruss Lear garage terms Kramer
Realty 2i4So Grand River CA 500.
2 ACRES
4-fOum homo Price 50 900 81 500
down S21 monthly
IRWIN KlGHT HISys Isc.
3oh2o Gratl0t RofFville llff
Detroit evening times., 1946-01-18
BUSINESS PROP. ron SALE

CASS. near Iisny--Brick, Ia rooms.
yoned for business limited bulk NIL
ford Realty. CA 1897, TO 3-52o2.
JEFFERSON 2. ER. ASHLAND
This modern bldg of brick and block
glass 9Oxi0O. 2 stories high, full base
mont. full a G.: lst floor and basement
rented. 2nd Moor leased for q total oi
S6O5 mo Shows &C., net Can be pur
chased with S2s.OO down
ROBERT W. SMITH A. co
1855 ? WARREN IT, i-3n20
Detroit evening times., 1946-01-18
Observation-Disclosures

TT, B.V. bedrooms sun room
tile bath: natural los burning hrepace
refrigerator stove. extra isystofy.
garaEeA $4,000. IN i-l2S0.
DAN HARRISON
Detroit evening times., 1946-01-18
VACANT LOTS FOR SALE
REAL ESTATE WANTED

. II
A-A,i CASH oeal. We buy property for
coiofed. SMEDLEY. as East Warren.
TE 1892
Al. ANY sec colored Fred Douglas
Rlty. johnson. IL 2-964s-l-552o.
. a CASH. ~ houFs service 81 years
east side, Pettine. PL 1880.
A BITTER CASH DEAL AT oNcEi
Any East Side or Italian Section
y. G. CHERRY. 1857 Gratiot. Fl 1850.
A CASH BUYER for any type property
YOU have 10 offer iColored.
WHITE, 1850 HastingS. TE i.oose
a QUICK sale: price right feast side
Acts fats. singles. sAROs LIE 02lT
a SINGLE or fiat nr. Cratic, or Hars
Der. A CASH ERR Oh s4oer---
ALL CASH FOR YOUR PROPERTY.
n. W SEC. VICTORY We 7-ss70.
ALL CASH oFFER IN az HOuRs-we
bfy colored singles fats. Apartments
no eemmisacn; guarantee. CA oooe.
Detroit evening times., 1946-01-18

4 ROOMS and bath. finished. large
and closed porch. two extra lotS.
chicken coop. fruit trees $4,000,
$4,000 down. 1872 Cadillac. near
Hoover and Nine Mile.
Detroit evening times., 1946-01-18
l.. II. CRANDALL

fDpnrfxttp Howell ThSstfrt
s22 = GRAND RIVER HOWELL MICH
RED RIVER VALLEY farm land IN.
yetfnents % prrmium qsaiity Hnmme
Investment Company Grafton y
Detroit evening times., 1946-01-18
MONTHLY PAYMENTS


i0-oFFICES-t0
DOWNTOWN. 1927 National 6ank Bidg.,
woodward and Cadillac So. CH 1850
DOWNTOWN, 304 Capitol Park BUILDING,
State at G.iswoid 81. ch 77t0
DOWNTOWN. itol Gratiot
at Russell CA 1905
WEST SIDE. 550s Michigan Ave. at
Junction. 2nd Floor Ia 500
EAST SIDE, 1880 E. Jefferson at Conner
(0pe. Hudson Motorsl lE 0350
EAST SIDE. 6609 Van Dyke at
Harper, 2nd Floor Pl 74S0
NORTHWEST, s0la Cd. River st Joy Rd.
Room 2o4 lover kresee's) Tf 5-H4t
NORTHWEST. 4i2o Fenksii st lksrno,s
HiGnLAND PSaK. 1908 woodward At
n:nens,tsr !opp: Io.a'o 70 s.s,2S $500
Woodward at G. Grand Ave. 70 s.os2s
Monthly rate 3oL :" balances OF ',0e
or less and 2lL o. oa that 'art Of the
unpaid balance over 500.
ALL sales financed: auto, furniture.
treilers. business loans: quick service.
RICHARDS INV. 5000 csss. co 03U3.
Detroit evening times., 1946-01-18
ELMER CLARK
OREN TO-DAY,

CREESvIEW 1897
ATTRACTIVE Brick Bungalow
4 Rooms 2 BecTUoshs Modern.
AC Heat SAGAed and SCREENED
PnsseSsion Given. Terms
TtIsEA REALTY A. INvES TMRNT co
s2i7 W Fort VI 1900
RUSSELL 2o2Bs-sN rooms. fire
place tile sink garaEek. shown BY
appointment BELCHER Lemon 2oi4
Detroit evening times., 1946-01-18
GkONSMAN
COR 7 7MILE-CREEkFIELD VIZ 7-55OC
FLATS ron SALE

BRIGHTON. near l2th--5 rms. bath
each: newly decorated. scar garage.
$50 ceiling: $500. terms Owner
occupied. Quick possession WI L
MAiIEx I'll ~
Detroit evening times., 1946-01-18

Wartime credit restrictions have
been relaxed. Smaller payments
now available except when certain
listed" articles are fnyolv ved.
Down payments aud home im-
provement loans loans for ed
ucational or business purposes and
for medical, dental, hospital and
funeral expenses available for ~
months--see chart.
Detroit evening times., 1946-01-18
EOER ACRES

Fertile garden soil on paved ruad
suitable Tor farming OF gardening, only
Z parcels ltf, Detroit Creamery Farms
Office Garfield 81 M0ravian Rd. and
1Tss < CfAtiot, opp IngleSids Inn.
HOUSEMAN sPiTZLEY CORP
MI Clemens 43q2 Cherry 4sie
COLORED--5-Acre farms. Sibey road
near Telegraph road Also , lots. 5000
each. Second street from telegraph and
Siblsy roads J. a CfAHASSEY. l3s
Cadillac Square CA 4lS6
Detroit evening times., 1946-01-18
rARMs s LANDS FoR SALE

HOWELL
i2o strrs nT. Brighton Large hip
ROT bstemeut tsfna. 5-rDor n0uEr
Edison lights furnace. Also Allis-
Chalmers tractor snd tools for ils 600.
2fH scrr-. fDCatrc Oh improved road,
intefasc'ed BY fresh water stream.
some timber god soil, barns. Ei,o
and soHas small 6idss A isrrr house.
Edison lightt Property priced 70 sell.
SO an acre.
so Ac.c---.-E..---4-.-- 4-.------ : S-.------=s-z.--r--
pressure water. bath, electric hot water
heating. barn shed, garage and large
poultry house price Sc $50
Small e-srre fam. gell lpcA'ef rood
Groom house fireplace and furnace a
fhif barn Price 50 500
1z--4zes- -xs--All hnG1E-1aFG~s--r~- -warFF-
ssthfs-efn iiRhts A real good barn.
ssFsEe t-saitrT house. Also a list of
tools. price IS 500
one acre rxceilrn, snii. small home
F1ison lights wired FOR stove price
81 400. terms. 50 600 cash
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1946-12-10
TO FLY
TAMPA-HAVANA RUN

TAMPA, Dec. 10 FNS).-The
Inauguration on December Is of
National Airlines' new service
from New York and Tampa to
Havana will give this city new
aerial gateway to the Caribbean
along with a belated start toward
aviation par with other Gulf
ports.
Schedules were announced
early this week by C. T. Baker,
president, who stated that Tampa
will be the only stop in either
direction on the New York -Ha-
vana direct route.
Baker also announced that in
addition to opening the New
observation-disclosures route, Ma
tional also would inaugurate serv-
ice between Miami and Havana.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1946-12-10
Ahsn,ni Organise
And Form Team,
To Play Friday

Former athletes of Key West
High School met late Yester-
day afternoon az the High
School gymnasium and form
ed an Athletic Alumni Asso-
citation. It was decided to or
ganize an Alumni basketball
team TO play the High School
varsity. Friday night at 8
p. m.
Coach N. H. Pepper. who
presided over the meeting.
said the High School Junior
Varsity will play a prelimin-
srY game. The alumni chose
Ed Woodson. a Key West al
unnus. as their coach.
After Fridays game. an
other meeting of the Associa-
ton will be held at the GYM
nasium. Officers will be ell
ected and definite plans TO
sponsor the high school bas-
ketball program may be
made.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1946-12-10

oedtil peneIltS are pdld nus sur
plus. The surplus belongs 10 hold
ers of NSLI policies.
But VA officials are scared TO
death that news of the dividend
will bring a flood of mail. VAS
insurance staff is already load
ed with work.
VA statisticianS must check H.
100000 policies held by the 49,
600, 900 service men and veterans.
That win take at least a year.
When the computations have been
completed dividends win be
mailed out. VA points out that
each letter asking about the divi-
dend will delay the computations,
because each letter must be an
swered. It takes time that might
be put to figuring the dividends.
The amount of the dividend
will depend on three: things:
/. The amount Of insurance
taken out. t
2. The age of the insured.
3. The length OF tune the In
surance has been carried
VA will not attempt now 10. es-
innate the amount of the sdivi-
dend. but says it will be about
equal to dividends paid by com
mercial mutual companies.
The dividend is payable not
only to veterans and service men
whose insurance is in good stand
ing, but also to, holders of lepSec
policies. Ten million veterans al
lowed their NSLI to lapse Al
most all of these viii neverthe-
less come in for at least small
dividend. -. 81.
The big delay lies in lack Of
trained personnel and in many
cases of doubt whether the death
,of a service man has been due To
actual service-connected disabil-
tiles. In such bofdef.iine cases
VA has been paying subject "a
later agreement on cause OF
death. -
The dividend will not be tax
able. In the future dividend
payments will be forthcoming
each year. r.