davidaulloa/AmericanStories huggingface dataset:
Evening star., 1950-04-23

the chairman, that as a stock
holder this man has a right to
question you on the affairs Of
this business. You do not own
this institution. You are an
employe of the stockholders"
The curious stockholder was
not thrown out.
But these days most corpora
tion executives answer stock
holder questions carefully and
thoroughly-and usually exhibit
amazing patience at questions
on the sixth-grade level.
Inspires Credit Rating
Why should the stockholder
demand a more open attitude
on the part of management?
Mainly, because he has bought
the company's stock. He wants
to protect his investment. The
more information he has. the
better able is he to exercise his
judgment.
Management gains, too. by
friendlier stockholder relations.
For one thing management has
a better chance of holding onto
its job when stockholders are
friendly.
Again, when a corporation
needs to raise money for ex-
pansion or other reasons, friend
ly stockholder relations can in
spire a high credit rating.
Distributed b. the AssOs;sssd Prsssl
Evening star., 1950-04-23

brothers first burst on unsus-
pecting arrangements a dozen
years ago, they were viewed
with something akin to horror.
The Gilberts kept at it, educat-
ing themselves and many man
agements in the process, and
today they frequently command
respectful attention.
Clarence Francis, chairman of
General Foods. has stated the
Gilbert brothers have performed
a much-needed service.
Wilma Soss, leader Of the
Federation of Women Share
holders in American Business,
is a new influence in annual
meetings. Mrs. Soss is dedicated
to the proposal. among others.
that corporation boards should
have female representation.
Stakeholder Is the Employer
At one postwar annual meet
ting a stockholder was ques.
tioning the chairman of one
Of the largest financial institu-
tions in the world. The chair
man. a dignified, white haired
gentleman of the old school,
took it as long as he could.
"One more word out of you,"
he told the stockholder, "and
I'll have you thrown out of this
meeting"
Another stockholder took the
floor.
May I remind yoY" he told
Evening star., 1950-04-23

lature, the State court system, the
fishery administration and the
care of the insane. AS a State,
Alaska would be permitted to
borrow for State purposes, pledg-
ing the faith of the people of
Alaska. This is a common prac-
tice among the States now. His
tory, moreover has shown that
Territories. when becoming States,
have been able to meet their
financial responsibilities.
Historic Gases
The history of admission of
Territories into the Union contains
other hard-fought battles. There
was bitter row in Congress at
the time of the admission of Ari-
zona and New Mexico, under a
joint enabling act. The act
directed the Territories to frame
State constitutions and placed
upon the President-then William
Howard Taft-the duty of approx
ing these constitutions. Arizona
wrote into it's constitution the
initiative and referendum. for
legislation, and the recall of judges
and other officers. President Taft
could not stomach the recall Of
judges. So Congress was forced to
put through another act. which
in effect compelled Arizona to
take the recall of judges out of
it's constitution in order to gain
admission. The recall of judges
was removed from the constitution
and Arizona has never revived it.,
although, when once a State. it
could amend it's own constitution
in any way it saw fit.
The debate in the Senate on
the Arizona constitution showed
some of the Senator's in 1911,
gravely concerned over the initia-
tive, referendum and recall. For
example, Senator Hepburn, Re-
publican. of Idaho suggested:
"Under this recall system, or
under the initiative and referen-
dunn, there would not be time to
put in any wheat. There would
not be any time for anything but
politics. Elections would be the
order of the day and all the great
economic questions that we have
been discussing would become of
minor Importance because no one
would have time for anything
except holding elections-elections
for the purpose of nominating
somebody for Office, for the pur-
pose of determining whether they
should be recalled, only a few
days to elapse between and then
elections to determine whether or
not the successors should be re-
called-and so with the laws.
"Mr. President (of the Senate) =,
men are going mad"
Evening star., 1950-04-23
Brown
Continued From Page CID

need for characterization" Of
China.
Throughout the period when
Gen. Marshall was Secretary OF
State and later, when Mr.. Ache
son succeeded him, there was a
strong conflict between Republi-
can legislators and the State
Department over the China policy
Mr.. Acheson was warned di.
rectly and indirectly a numbe,
of times that unless he ap.
preached that matter more real.
istically and in keeping with wha'
members of the Senate and HOUSE
knew was the tactical view of the
military. the bipartisan foreign
policy would be wrecked.
Conflict on Policy
Senator Vandenberg intimated
on several occasions that even
If he indorsed the departments
policies in the Far East-which
he did not-he could not carry
with him more than a few of his
colleagues.
The Senate staged warning
demonstration in the summer of
1949, when it delayed until a
day before adjournment the pro-
motion of w. Walton Butterworth
then chief of the department S
Far Eastern Division, to be AS
sistant Secretary of State. There
was no intrinsic objection to Mr..
ButterworJh's advancement. The
Senators merely hoped to warn
Mr.. Acheson that the bipartisan
policy was going to founder if
he continued the policy of sab
otaging military assistance to
China.
BY this time Mr.. Truman him.
self had lined up with do moth
ing policy of the State Depart
ment.
Although the Republicans are
a minority in both houses, it
has become evident to the admin
istration that unless a bipartisan
policy is re-established the con-
tinuance of assistance to foreign
nations will be endangered. 1t
is difficult to convince many
members of Congress that it is
essential for American taxpayers
to shell out 100000 an hour to
support Europe; that we must
spend millions on countries like
Thailand, Indo-C China, Burma and
Korea but cannot afford a few
millions for the defense Of the
Chinese bastion on Formosa.
Evening star., 1950-04-23
BY WiIIiom D. Horqon

NEW YORK.-The counting
season is in full swing in the
business world.
This is the time of the year
when corporation stockholders
gather for annual meetings.
Management stands ready to
give an account of its past ac-
tivities and future plans.
Before the meeting, the stock
holder is softened up with an
annual report. The annual re-
port is comparable. romantically
speaking. to the box of candy
and bouquet Of flowers.
The report usually tells the
stockholder. who is one of the
owners Of the company, how
much his company made or lost,
its assets and liabilities, what
has been done about maintain
ing and expanding the COM
pany's properties-pieces of
information in which the stock
holder, presumably, is inter-
eSted.
Reports More Colorful
The report also usually tells
the stockho olders-either directly
or by implication-what a good
job the management has done
and how well the stockholder
has Jared under the men who
manage his company.
There has been a wide move
ment in the past few years. for
Evening star., 1950-04-23

of the bill, Hawaii, in any case,
would have to draft a State con-
stitution, and obtain approval of
that constitution before it could
be admitted.
The total land area of the
Hawaiian Islands is approximately
the size of Connecticut and Rhode
Island combined. They are popu-
lated by more than half a million
people. A report made by a sub
committee of the House Commit
tee on Territories in 1916 showed
that, ethnically, the population of
the Territory in 1945 was 10,988
Hawaiians, or % per cent of the
total population; 81 ,422 part
Hawaiians. or 1872 per cent. Puerto
Ricans, 5000, or 1.8 per cent; IT,
583 Caucasians, or 34.4 per cent;
30,005 Chinese, or 6 per cent; 163,-
800 japanese, or 32.5 per cent;
7,O42 Koreans, or IA per cent;
46.464 Filipinos, or 9.3 per cent;
all others; 1928, or .02 per cent.
The HawaiianS declined from an
estimated 100000 in 1778, when a
British Navy captain. James Cook,
visited the islands, to a little more
than 10000 today.
In 1920, II New England mis-
sionarieS went to Hawaii and be-
fore many years, as the report of
the House committee says, "the
natives were converted to Chris
tianity and made familiar with
the ways of the West. "At any
rate the period of American inf1u-
ence set in that was eventually to
bring about annexation of the
islands by this country. Hawaii
previously had ceased to be a
kingdom and become a republic
Texas is the only other example
of annexation by the United
States of an independent state
Texas, however. was Immediately
a State of the Union. There has
been always an implication that
Hawaii, also, was to become a
State and many times in recent
years the matter has been
broached.
Macarthur, Nimitz in Favor
Gen. Douglas Macarthur has
been quoted as favoring statehood
for Hawaii on the promise that
such a policy would definitely
support his efforts in democratic
ing Japan. Admiral Nimitz, testi-
flying as private citizen, said he
had great admiration for and
appreciation of the complete and
wholehearted cooperation the
people of Hawaii gave to the war
effort and that from a military
and naval standpoint he saw no
objection to the islands achieving
statehood.
1t has been estimated that well
over IS per cent of the population
Evening star., 1950-04-23

of Hawaii was born in the islands
and that 80 per cent are American
citizens. Not only did Hawaii have
a commendable record during the
Second World War, but also there
was no sabotage or fifth column
activity committed there, accord
ing to the FBI.
The people of Alaska, like those
of Hawaii. have asked for state
hood through plebiscite. And
while the population of this vast
Territory is small-estimated to be
from $4,000 to los, ,000-it is larger
than was the population of a
dozen States when they were ad-
mitted. These States are Arkan-
sas, Florida, Missouri. Nevada,
Oregon. Wyoming. Minnesota,
Iowa, Colorado, Montana, North
Dakota and Nebraska. In 1910,
the population of Alaska, accord
ing to the census, was 72,524
persons. At that time 81 per cent
of the population was white" as
distinguished from the native"
stocks. Nearly one-fourth of these
whites were born in Alaska. In
the years since then. the perma-
nent population Of the Territory
has steadily increased. It is con-
fidently predicted, too, that with
statehood the population of
Alaska will grow speedily-just as
happened in other Territories.
Land of Resources
The Importance of Alaska to the
United States does not rest alone
on military considerations-al-
though those are of great moment.
It's great resources are still only
partially developed. Fish, forest
products. minerals, all have great
futures in development of Alaska.
Alaska, it has been pointed out,
has served a long tutelage in a
territorial status. It belonged to
the United States for II years
before even a temporary form of
government was provided. The
first criminal code was not enacted
until 1899 and the first civil code
in 1900. Since 1912, Alaska has
had it's own Legislature. However,
within the limits of the Organic
Act passed by Congress, Alaska
has enacted progressive measures.
1t granted suffrage to women six
years before the suffrage amend
ment to the Constitution was
adopted for the United States.
One of the principal objections
raised to statehood for Alaska
now is that Alaska could not sup
port the cost of statehood. Among
the additional expenses the new
State would have to bear are the
salaries of the Governor and of
the Secretary of State, all, instead
Of part Of, the costs of the Legis-
Evening star., 1950-04-23

stockholders through ignorance
or carelessness or lack of in
terest are prone to sign the
proxy without thought.
Unless stockholder owns a
large block TO stock, or can IN
terest thousands of other stock
holders. his dissenting whisper
is lost in the shutting of proxy
statements.
There have been some vicious
fights to throw out manage
Evening star., 1950-04-23

mentS. Most of the winning
fights to replace a manage
ment have come from large
stockholders, sometimes arising
from a split within the COM
pany.
But individual sharpshooting
stockholders are on the in
crease. Today a small and
vocal group makes it their busi-
ness to attend annual meetings.
Pioneers in this new field are
the Gilbert brothers, Lewis and
John. When the Gilbert
Evening star., 1950-04-23
Arqentine rode Revival
Is Full of Real Pitfalls
Adjustment of Commercial Difficulties
Found Disturbing to Elements Thot
Have Felt Hand of Peronism
By Edword Tomlinson

The State Department need not be under illusions about
pitfalls policy Of cooperation
Responsible officials and leaders
already unhappy with the latest
The revival Of trade between the two nations
Evening star., 1950-04-23
Lusty Jap Labor Unions
Carve Place in Economy
Newly Organized Workers Seek and Get
Reforms 1t Took 100 Years to
Achieve in the West
By Joseph z. Redoy

Chief. Industrial Division Of in
While japanese swallow democracy
please the there doubt the
labor unions taking million
they still about the
Japan but certain that they want unions
them and them.
Labor for the first time social force with
Evening star., 1950-04-23
Vargas Coming Back

Democratic minded Brazilian
politicians are afraid that
strengthening the hand Of Peron
will enable him to give aid and
financial support to the hench-
men of Getulio Vargas, who are
working hard to return the for
|mer dictator to power. AS one of
Evening star., 1950-05-21
Mrs. Willie Doyle, Widow
OF Old Time Jockey, Dies

Funeral services for Mrs. Willie
Doyle. SO. widow of a jockey who
rode 40-to-1 shot to victory in
the 1909 Preakness, will be held at
10 am. tomorrow in the Ritchie
Bros. funeral home. Upper Marl-
boro. Burial will be private.
Mrs. Doyle's death yesterday in
Prince Georges General Hospital
followed that of her husband six
weeks to the day. She had been In
the hospital since February 81.
Her husband, one of the turf's
best known officials in later years
suffered a stroke on February "a
three days after driving here from
Hialeah. Fla. to place Mrs. Doyle
in a hospital. He died on April
in Laurel Sanitarium at the age
of 70.
The former Miss Gertrude
Crawford, she had lived all her
life in Upper Marlboro where she
was a member of we'll known
family. She was married 81 years
to the noted jockey. who, the year
before he won the Preakness on
Effendi. rode the w. T. Ryan colt
to victory at odds of 100 to ! at
Jamaica, N. Y.
Evening star., 1950-05-21
John N. Pieton, ii, Dies;
PIanner in Kansas City

John NJ. Picton, a.. Kansas
ctty's chief planning engineer.
died Friday night at Georgetown
University Hospital.
The planning official suffered n
heart attack last Sunday while in
Washington to attend q meeting
al the Statler Of the National
Citizens Conference on Planning.
The conference was conducted by
the American Planning and Civic
Association and the American In
stitute of Planners.
A brother. Walter L. Picton OF
1890 Montgomery lane, Bethesda.
is a civil engineer with the Ma
tional Security Resources Board.
Born in Nashville and a grad-
uate of the University of Cincin-
natl. Mr.. Picton had spent most
of his professional life in munlci-
pal and Federal Government
work. He was member OF the
American Society of Civil Engi-
neerS and the. Board OF Governors
of the American Institute OF
Planners.
His widow. the former Helen
Garrison of Cincinnati. and l3-
year -old daughter. Ida. accom-
panied him here. Three sisters
also survive.
Funeral and burial services will
be held tomorrow in Nashville.
Evening star., 1950-05-21
Mrs. Alice 5. Willis, 81,
Longtime Resident, Dies

Mrs. Alice Stevens Willis, 81, q
Washington resident for over 40
years, died Friday in Doctors Hos
pital after an illness of three
weeks.
She was the widow of Willard
Hamilton Willis. a Silver Spring
(Md0 automobile dealer who died
in 1912.
Mrs. Willis was born in Phila-
delphia and moved to the District
when she was IL.
A graduate of Western High
School. she also attended the Cor
coran School Of Art. During World
War I, she served as a yeomanette,
She was a member of All Saints
Episcopal Church for many yesHs.
Mrs. Willis leaves daughter
Miss Alice jeanette Willis, a stu
dent at Cazenovia IN. " Junior
College: and two brothers, A.
Grant Stevens of Elkins, Park, Pa.
and Milton Stevens of Haddon-
field, N. j.
Funeral services will be held at
the Warner E. Pumphrey funeral
home. Silver Spring, at 2 pm. to-
morrow. Burial will be in Fort
Lincoln Cemetery.
Evening star., 1950-05-21
Business Leader Sets Price
Of Prosperity at Sc Billion

is the most important reasoA.
The steeply graduated personal
income tax, applying as we'll to
some 8 million unincorporated
businesses. drains away a great
deal Of what otherwise would be
venture capital. High estate and
gift taxes drain off potential in
vestment money. Rigid and otter
antiquated administration Of the
tax system tends to put premium
on the most conservative financ-
ing. New businesses. then. start
out with two strikes on them: in
ability to get adequate capital
and heavy taxation of earnings,
if any.
What Government tax policy,
then, would provide the jet pro-
pulsion essential to bring venture
capital forth for the creation Of
new Jobs?
Fundamental Steps.
Here are fundamental steps IN
the right job-creating direction:
/. Move toward lowering the
progressive personal income-tax
rates to provide a maximum ag-
gregate rate. normal and surtax
combined, of so per cent. in order
to stimulate equity financing.
2. Tax persons with highly fluc-
tuating income on income aver
aged over a number of years.
8. Hold the corporation income
tax rate against any further in
crease, and work toward a gradual
reduction to IS per cent or less.
4. Make a start toward reducing
the double taxation of corporate
income, once in the hands of the
corporation and a second time In
the hands of the stockholder.
S. Improve the provisions on
carry-back and carry-forward OF
losses.
s. Liberalize business discretion
in determining annual deprecia-
ton accruals in order to provide
more investment funds and Ieduce
the risks of new investment.
7. Cut the capital gains tax to
12.5 per cent and make more ade-
quate provision for the offsetting
of losses.
8 In the case of alleged undue
corporate accumulation of earn
ings, shift the burden of proof
from the corporation to the
Treasury. as prior to 1888. and
apply the penalty tax only on that
portion of corporate earnings de-
termined to have been unduly
withheld from stockholders, in
stead of on all undistributed
earnings.
9. Reduce Government waste
and expenditures.
(Released by North American
Newspaper Alliance).
Evening star., 1950-05-21
Suicide Ruling Scraps
Redhead Death Clue
BY the Assoeieted Press

BERKELEY SPRINGS. w. Va,
The death Of George r. Leach
was tentatively listed by police
today as suicide.
They said an inquiry discount
ed the possibility of murder or
of a link between his death and
the strangling of the nude red
head whose body was found near
here May 10.
Prosecuting Attorney s. D.
Helsley said the bullet wound
which caused Leach's death ap-
parently was fired by himself.
The fatal slug came from o az
calibre rifle found nearby when
he was discovered wounded a
week ago on Route 522.
The 5s-year-old Fairfax. Va,
man died without regaining
consciousness.
The Morgan County prosecutor
previously had indicated Mr..
Leach's death might be connect
ed with the Staying Of the red
haired woman. still unidentified.
State police said today there
were no noteworthy develop
ments in their investigation Of
that case. A man was arrested
for questioning about the strang-
ling but was released after two
days of police interviews and lie
detector tests which authorities
said showed nothing conclusive. :"
Evening star., 1950-05-21
Miss Merle Travis Dies;
Beauty Salon EmpIoye

Miss Merle Travis, IS. Of Be-
thesda. died Unexpectedly Friday
Of a cerebral hemorrhage in Doc
tors Hospital.
Miss Travis, who lived at 4So7
Hampden lane, Bethesda. had
been employed by Suzette's Beau
ty Salon.
A native Of Paris, Tenn. she
had lived in the Washington area
for many years. She took her
training in Washington and later
owned her own shop. Merle S
Beauty Shop in Bethesda.
In 1890. she was married TO Ira
w. Dove. a Washington Gas Light
Co. employe. After his death
about IS years ago, she resumed
her maiden name.
She is survived by five sisters,
Mrs. r. c. Alexander, Mrs. Nan A,
Thompson. both of Bethesda:
Mrs. Mertice Butler. Brookmont,
Md: Mrs. Marjorie Murray, 1928
Harvard street NV, and Mrs,
Nellie Klein. 1909 Trinidad ave-
nue. NE. She also leaves a BROTH
er. Clifford Travis. Shreveport.
La.
Funeral services will be held at
II am. tomorrow at the Robert
A. Pumphrey funeral home. Be-
thesda. Burial will be in Fairfax.
Va.
Evening star., 1950-05-21
Mrs. Abraham Borak Dies;
Wife Of Fuel Firm Owner

Mrs. Abraham Borak. So, wife
of the owner of the Borak Coal
& Oil Co., 1918 jefferson Davis
highway. Arlington. died Friday
at Garfield Hospital after a brief
illness. She lived at 1746 Thirty
third place Sc.
Mrs. Borak was born in Russia
the former Miss Yetta Letter. A
Washington resident for nearly sc
years, she was a member of the
Southeast Hebrew Congregation
the Workmen's Circle and the He
brew Home for the Aged.
Besides her husband, Mrs
Borak is survived by three daugh-
tiers, Mrs. Naomi Litoff. 1901 Coco
Hope road Sc; Mrs. Sarah Yaffe
1850 Moss avenue, Silver Spring
and Mrs. Esther Fried. 922 NORTH
Stuart street, Arlington, and foul
grandchildren.
Funeral services will be held al
noon today at the Danzansky flu.
neral home. 1901 Fourteenth
street NV. Burial will be in the
National Capital Hebrew Gene.
terry.
Evening star., 1950-05-21
Garn nf Thanks

GLANToN, EETTIE WASHINGTON. We
wish to thank the Rev. Thomas H. Reed.
the Rev. Philip N. Elmore, DR.. J. L.
Walker. her neighbors, our many rela-
tives and friends for their kind express
slons Of sympathy and floral tributes
The FAMILY.
the late ROSA B. HIPKiNs wish to
thank the pastor. choir, ushers, officers
and members Of the Rock Greek Baptist
Church; Mrs. Julia Fitch and Mr.. Charles
H. Freeman for their solos; our neigh
bors and many friends for their beautiful
floral pieces and many cards, condolences
an other expressions during our bereave-
ment.
THE FAMILY.
LEVY, YETTA. The family of the late
YETTA LEVY wish to thank their many
friends and relatives for their kind ex-
presslons OF sympathy during our recent
Mr.. ELLIS LEVY AND BEVERLY, MRS.
SOPHIE FUTROWSKY AND FAMILY.
REED, LULA PARR. The family of the
vita grateful appreciation the acts of
kincness and may expressions of SYM
pathy, from neighbors and friends, dur
Ing the recent illness and at the passing
OF our loved one.
THE FAMILY.
RICHARD, MARTHA Z. / wish to crate
fully acknowledge and thank the Rev.
c; T Murry. the Rev. Fields, members.
OF the different clubs of the Vermont Ave-
their kindness and beautifully floral
tributes and sympathy at the passing of
my dear wife, MARTHA z. RICHARDS.
THE REV. PAULUS L. RICHARDS.