davidaulloa/AmericanStories huggingface dataset:
Madison County Democrat. (London, Ohio) 19??-1958, 1951-07-31
RATES AND REGULATIONS
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The pmbs. .lers reserve the right
90 edit or reject any or all adver-
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Any errors should be reported
Immediately. Publishers are not re-
ap0nEibie for more than one fncor-
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rect Insertion.
Madison County Democrat. (London, Ohio) 19??-1958, 1951-07-31

USED ReconditIoned electric re-
frigefat0Fs, Selvinators. Frigid
aire, Norge. Home Appliance shop.
so South Main ST.. Phone est
Madison County Democrat. (London, Ohio) 19??-1958, 1951-07-31
FOR SALE

1871 DELUX FORD - Al con
dition. See Polly. IS South Main
Street. I'll
Madison County Democrat. (London, Ohio) 19??-1958, 1951-07-31

USED Electric Refrigerator Good
condition. Phone 10. e.
Madison County Democrat. (London, Ohio) 19??-1958, 1951-07-31
IL MISCELLANEOUS IL
I3--SPEC AL NOTiCE-13

REHEARSAL For the Helen
Mars students. Thursday August
., AL 900 pm. at the studio. I'll
Madison County Democrat. (London, Ohio) 19??-1958, 1951-07-31

and Feeding lime
stone, We are prepared to deliv-
er promptly and spread or furnish
q spreader. Rates reasonable. Ce-
ell A. Raed. Agent, Marble cliff
9d5- W. ssondon. IF
Madison County Democrat. (London, Ohio) 19??-1958, 1951-07-31
USED TRUCKS

I947 Chevrolet. z Ton. chassis and cab.
i94b Chevrolet "a Ton panel truck
1916 Chevrolet
Evening star., 1951-09-23

tUntt Of trading 10 shares I'm bankruptcy or re
or being reorganized under the Bankruptcy
Act or securities assumed by such Companies Rates
of dividends In the foregoing table are annual dis
bdrsements based on the last quarterly or semannus
declaration Unless otherwise noted special or extra
-idends are not included cid Called. Ex divi-
ldend. Ex rights: Also extra extras. Pius
stock dividend Cash or stock. ePaid last year
Payable In stock, estimated cash value on ex dvi-
dend date. Declared paid so far this year De-
clared or paid after stock dividend spt-up De-
clared or paid this year an accumuative issue with
TED deferred Of ns scsioa taken At last ydsnd
!. - zEs1:sIsssas asIa ss..s:as z a9ssss,: sss'
Evening star., 1951-09-23

Nation Wide Increase
In Loans 10 Banks
Watched in Capital
By Donald B. HodIey

Washington bankers are watch
ing Nationwide situation which
is encouraging banks to borrow
funds rather than sell securities
in order to adjust reserve balances
and other purposes.
Conditions in the money mar
ket as well as certain features
OF the excess-profits tax law make
borrowing between banks advan-
tageouS at this time.
In its summary of banks in
leading cities, as of September
IL, the Federal Reserve Board dis
closed that loans to other banks
reached the imposing total of sass
million on that date, a gain of
81 million from a week earlier
and an increase of $2O1 million
or 79 per cent from a year earlier.
For many years reserve bal
.ances were adjusted down or up
by buying or selling short-term
treasury paper, but with yields
from such securities and the cost
OF borrowing both around 13L per
cent, the banker now can keep
the securities and borrow, using
the income from the Treasures
to offset the cost of the loan. He
is apt to do this If he feels that
the current price for his securi-
ties is not as high as 1t may be
later.
Tax Benefits Provided.
Another facet of the situation
is the excess-prof1ts tax. provision
that permits all corporations. in
Guiding banks, to gain special
tax benefits from borrowed money.
The National Industrial Confer
erence Board surveys the affect
of this tax provision on corpora
tons and quotes one executive as
follows:
1T we require additional cap
ltal we will almost certainly bor-
row it. We would then get special
tax benefits, involving at tax de-
ldu<ion on the interest paid and
also a fairly liberal allowance of
the borrowed funds as invested
capital, with a IL per cent ex-
cess-prof1ts tax credit on such in
Vested-capital allowance. Thess
benefits, of course, are available
to all companies"
Bills payable. including those
Tor taxes, produce. no tax bene-
fits, but if paid promptly with
borrowed money, the resulting
loan can provide a substantial
tax advantage.
Named National Director,
Roland T, Carr, vice president
OF Riggs National Bank, has been
elected director of Robert Morris
Associates, national association of
Evening star., 1951-09-23

bank credit men
and lending Of
hcerS.
His election
took place at
t he nu al
meeting of the
association at
P h i a d elphia
Friday. He will
S erve for a
t hr e e = ar
term.
B. F. Barrett
of Shreveport.
La, was elected
N
Evening star., 1951-09-23

Lawrence Worstall OF Phlladel-
phia, first vice president. and
T. w. johnson of Los Angeles.
second vice president. They viii
be lnducted at the fell conference
in New York. October ITO.
Transit Up 81 in Week.
Capital Transit Co. shares on
the New York Curb Exchange
closed this week at SAC, an ad-
vance of 81 for the week.
|. After reaching a new peak Of
$49,75 a share in the Friday ses-
sion, the shares closed half point
below Thursdays close of S49.5O.
Friday volume of $50 shares was
the heaviest for the week. The
weeks total of 1850 shares COM
pared with 700 in the previous
week.
Management of United Cigar
Whelan Stores Corp. has a $3.50
chance to stay in the saddle In the
current proxy fight which will be
decided by a stockholders vote
Tuesday, according to informed
Wall Street opinion.
Election at Sea Planned.
The 42d annual meeting of the
District Building and Loan League
will take place on the high seas,
Fred A. Smith, president, stated
yesterday.
Mr.. Smith explained that ON
October 18, the date Of the yearly
session, quorum of savings and
loan executives will be on the
Ocean Monarch, q Furness luxury
liner, returning from a Bermuda
cruise.
Consequently, the election Of
new officers and the transactina
of league business will be taken
up at that time.
Approximately 100 Washington
executives, most of them accom-
panied by their wives, will sail
from Baltimore October 13.
Research Expert to Speak.
Herbert Miller. formerly re-
search director for the Hoover
Commission and now executive di-
rector of Tax Foundation, Inc,
will address the District Control,
Controllers Institute of America,
at its first dinner meeting OF the
season at the Carlton next Tues
day evening.
The Life Insurance General
Agents and Managers Associate
of Washington will hold its FIRST
dinner meeting of the season at
the Burlington Hotel next Thurs
day evening and hear a panel Of
American Security & Trust Co.
officers discuss estates and trusts.
Included in the panel will be: Earl
G. JonScher, trust officer, and
James E. Connor, Frank M. Pur-
ley and Joseph L. Whyte, assistant
trust officers.
The Bank of Bowie will open a
new branch Office at TAGS Annap-
oils road, Lanham, Md, tomorrow
under the direction Of Cashier
Dolphin w. Weber.
ID. C. Store Sales Improve.
Washington department store
sales in the week ended September
Is rose 6 per cent above the pre-
Vious week, but remained II per
cent below the like 1850 week, the
Federal Reserve Bank Of Rich
nond reported. Sales in four
weeks ended ethe same date were
per cent below a year earlier.
Senator Byrd, Democrat, of Vir-
yinia and Gov Theodore r. Nc
Keldin of Maryland will be among
the prominent speakers before the
National Consumer Finance Asso-
cations three-day convention,
which opens Thursday ut Whsse
BszaUh8 @RMs. ".
The Nome nugget., 1951-09-14
Witness duplicates Vim. Boyle, IT,, In REC Loan Scandal

WASHINGTON, (P)-A diary keeping witness told senators to- day that William M. Boyle, Jr., helped arrange an REC loan for St. Louis printing firm early in 1949 after three previous loan applications by the company had been turned down.
 John E. Toole, an official of the American Lithofold Corporation, offered this sworn testimony to- day before Senate subcommittee, Investigating Reconstruction Fin ance Corporation loans.
 Boyle has denied that he ar ranged loans for the St. Louis printing firm although he said he did some legal work" for it be- fore he became Democratic Ma tional Chairman.
 Toole gave his testimony after the subcommittee released denials by Harley Hise and Walter L.. Dunham, former REC directors, that they ever had been influ- enced by Boyle to make any loans.
 In 1949, when the loan was made, Boyle was working at Dem ocratic National Headquarters but was not National Chairman.
The Nome nugget., 1951-09-14
Air Force DisclOses First PilOtless Bomber Squadron

WASHINGTON, The Air Force disclosed Thursday it is forming it's first guided missile squadron, equipped with a new ''pilotless bomber" type of wea- pon apparently intended for tac- tical use in warfare.
 It will be the first opera ational unit of its kind in the Air Force.
 The squadron, the announce ment said, win be equipped ini- tially with the Matador, B-61 pilotless bomber, now in produc- ton by the Glenn l.. Martin Co.,, of Baltimore, Md.
 The disclosure followed closely recent statements by President Truman and several senators re- garding creation of fantastic" new weapons.
 An Air Force spokesman de- scribed the missile as being sim liar in appearance to the swept wing XB-51 Martin jet fighter, but smaller.
 The spokesman emphasized that it is 'tguided missile" not mere ly a drone airplane of the type used experimentally during recent years.
 There is no provision for pilot in the plane.
The Nome nugget., 1951-09-14
Korean Situation

U. s. EIGHTH ARMY HEAD QUARTERS, Korea, (R- United Nations doughboys today wrested a towering peak from bitterly re- Sisting Reds north of Yanhgu as the bloody 'Fbattle of the hills" ground on in eastern Korea.
 In the air war, Allied planes roared through Korean skies on close support missions for the in fantry and slashing attacks at Red supply lines.
 For the first time in six days there were no reports of jet bat ties.
 Ground action was. concentrated along the spiny ridges of Korea's eastern front.
The Nome nugget., 1951-09-14
Pennsylvania City
 Has Bumper Crop Bank EmbeZZlers

NEW KENSINGTON, Pa, (P)- For the second time in a month a prominent banker has been charged with embedding more than $5OO,O00.
 Amusement was expressed by most people after the arrest of William Paul Smeltzer, 60-year- old assistant cashier of the First National Bank. He is charged by the FBI with having embedded $55O,00O in the past g years.
 Just a month ago Ludwig Schlekat, president of the Par nassuS National Bank here, was charged with embedding $650, 900.
 At the time of Schlekat'S ar rest government officials said the shortage attributed to him was one of the largest found in a small town bank in the country New Kensington is community of about 25,OOO, 18 miles northeast of Pittsburgh.
 The F'BI said that Smeltzer, the father of three grown children, took about $25,000 a year for more than 20 years-adding that he had full charge of the banks 1edgers.
The Nome nugget., 1951-09-14
Big Three Agree on Terms German Contributions

WASHINGTON, (P)-The Big Three foreign ministers - Secre- tary of State Acheson, Britain's Herbert Morrison, and Frances Robert Schuman-last night ag- reed on main terms for partner ship deal which would allow the West Germans to contribute forces to the Western alliance.
 Today, it was reported reliably, the ministers confirmed Big Three unity on measures to protect their nationals behind the iron curtain. Informed officials said the minis ters agree that such unity already exists as evidenced by yesterdays joint ban on CzechoSloVak airline flights over Germany and France. The move presumably was measure of retaliation for Czecho- l slovakia'S refusal to release AP correspondent William Oatis from Prague jail where he is serving a ten-year sentence on charges of espionage.
 PARIS, (P-The French for eign ministry said today recruit ing of Germans for Western de fense will begin only when the framework of a European army has been established. It said that under no circumstances can there be even the nucleus of German national army.
 The foreign ministry issued the statement in denying a report in the newspaper Figaro that Foreign Minister Schumn had consented to 'the immediate raising of Ger man contingents under the author ity of the Atlantic organization"
The Nome nugget., 1951-09-14
56 Senators Oppose Recognition China By U. $. or Japan

WASHINGTON, (P1- Fifty-six senators have gone on record as opposing recognition of commun- ist China by either the US. or Japan, or the idea of a Japanese treaty with the Reds.
 They set forth these views in a letter to President Truman, re- leased yesterday by Sen. Know land R-Calif). Knowland told a news conference he began circu- lating it among senators at noon Wednesday and that all of the 55 -. both Republicans and Demo- crats-he asked to sign it with him did so.
The Nome nugget., 1951-09-14
Reds Hint Talks
 Would Resume If Allies Admit All Truce Violations

TOKYO, Sept. 13, (P) - The Peiping radio threw out a hint the price for resuming Korean truce talks would be Allied ad- mission that all Red truce viola ton charges are true.
 The United Nations command has rejected all of a long string of charges except one. It has ad- mitted the accidental strafing of the Kaesong neutral zone Monday.
 The Peiping radio quoted Com munist correspondent at Kaesong as declaring:
 'The cease-fire talks could start again immediately and agreement could be reached in a short time if the Americans accepted the mil itary realities" and took the re- sponsibility for all the alleged neu- trality violations.
 Th e Allied officers had just handed the Reds a note apolo- gizing for the accidental strafing of the Kaesong neutral zone by an Allied B-26 bomber on Monday.
 JUN. command has not made the Red note public, and has refused to comment on it.
The Nome nugget., 1951-09-14
Congress Passes \ Biggest Military Spending Bill In History

WASHINGTON, P)-A gigan- tic military spending bill carry ing $59,5O8,OO9 9,63O - nearly two billions more than President Tru- man asked-Won unoppoSed Sen ate approval late yesterday.
 After four days of warm debate, the Senate passed the biggest single military money bill in his tory, 79 to O, and sent it back to the House.
 Senator O'Mahoney O-Wyo), who steered the measure through the Senate, said a Senate-HouSe conference committee probably would begin attempts at ironing out scores of differences early next week. Biggest of these is an extra S5 billion to beef up US. air power and carry on work on new secret weapons.
The Nome nugget., 1951-09-14
26O Salmon Due At Alma Mater, U of w Fisheries Lab.

SEATTLE, (P) - Whether a college bred salmon will return to his alma mater on homecoming day is something that has Univer- sity of Washington Fisheries ex- perts on the edge of their rearing pools.
 Some 260 college-trained fish are due to return to the campus at the opening of the fall quar- ter.
 Dr. Lauren R. Donaldson, direc- tor of the Applied Fisheries Labor atory, said the first batch of sal mon was released from the cam pus spawning grounds the spring of 1850. They were 18 months old then. Each fingerling was marked by clipped fin for Identification.
 Some have been returned by sport and commercial fishermen. Some were caught at the rich feeding grounds off Vancouver Is- land and weighed as much as 12 pounds.
 Studies here this summer by University of Wisconsin research CTS indicate that memory and a sense of smell help a salmon identify it's birthplace.
 Dr. Donaldson says he hopes the returning salmon will make a sharp left turn into the university fish ladder.
 Some 26,0OO fingerlings were released in 1850. Dr. Donaldson says he'll be satisfied if there's one per cent return.
The Nome nugget., 1951-09-14
American Engineer In Philippines Is Missing

MANILA, P)-The wife of an American engineer missing since yesterday noon said today she feared he has been kidnapped.
 Mrs. Lester Corp offered $5,0O0 reward for information concern ing her 60-year-old husband.
 Speculation that he has been killed or kidnapped increased when his jeep was found in a river near the Pulungmaba sugar plantation near Del Carmen. Four bullet holes were found in the jeep.
The Nome nugget., 1951-09-14

JUNEAU, (P)-LleWellyn IeW) Williams has had a telegram that he's fired as Secretary of the Territory of Alaska. He's also heard of yesterdays press confer ence at Washington in which President Truman said he fired Williams because he held him to be incompetent.
 But, Williams said today, he's still waiting for a letter from the President telling him he's fired and why.
 Tn the press conference yester- day President Truman said there was no politics involved, and noted that Williams was Demo- crat. He gave incompetence as the reason for the dismissal.
 Williams was appointed origin ally by President Roosevelt in 1914 and reappointed by Presi- dent Truman in 1949.
The Nome nugget., 1951-09-14
Seattle and Hollywood To Play Best of Five Series
CBy the Associated Press,

tBy the Associated Press)
 It'll be Seattle and Hollywood the Pacific Coast Leagues top two clubs in regular season play - in the best-of-five baseball playoff final which opens in Seat tie tomorrow night.
 The teams are idle today. To- morrow night Ben Wade 06-6 will hurl for the movietown stars. Seattle's pilot, Rogers Hornsby, is keeping mum about his selection.
 It might even be Harold Brown. The busy Brown compiled a 16-6 record after joining the Rainiers late. Then in the playoff semi final which closed last night, Brown was credited with both Seattle victories.
 He hurled a 70 shutout in the series opener. Last night he came on in relief and check the Angels while the Rainiers thumped their way to victory.
The Nome nugget., 1951-09-14
Approves $5 Billion For Military Construction
CAP Special Washington Servic'

CAP Special Washington Service)
 WASHINGTON, (P) - Senate and House conferees reached ag- reement today on a $5,864, ,301, ,178 military construction program - the largest ever to be approved by Congress in a single package.
 The bill includes an Alaska military program of more than $335, 100000
 The bill, however, is only an authorization. Actual money would have to be provided later.
The Nome nugget., 1951-09-14
Wickersham Says
 Alaska Minerals Must be Developed
JAP Special Washington Service)


 WASHINGTON, Defense installations in Alaska are in much better condition than they were two years ago Rep. Wick ersham D-Okl0 said today.
 The congressman, who visited Alaska last week as a member of the House Armed Services Com mittee, added however, there is a need to fully protect" Alaska as part of the national defense because it is so close to West Coast defense plants and manu- featuring areas.
 Additional highways, railroads and shipping facilities are needed, he declared, and Alaskan strate- gic minerals and materials should be developed, he told reporter.
 WickGsham said the defense of- ficials in Alaska are doing good job"
 He described housing condi- tions as rather unfavorable," but did not elaborate.
The Nome nugget., 1951-09-14
SAN FRANCISCO. R

SAN FRANCISCO, (R - The transport General William Weigel was due here Thursday from Japan with 4,371 army personnel.
 Most are rotation combat sol- diers, coming home for rest and reassignment.
The Nome nugget., 1951-09-14
Ousted Collector Indicted

BOSTON, (PD - Denis w. De 1aney, fired by President Truman as Massachusetts Collector of In- ternal Revenue, was indicted to- day by a federal grand jury on charges of accepting a check to influence an official decision.
The Nome nugget., 1951-09-14
Judge Kehoe Takes
 Oath Of Office As Secretary of Alaska

According to information re- ceived here today Judge J. Kehoe took his oath of office as Secre- tary of Alaska this morning in Juneau.
The Nome nugget., 1951-09-14
THURSDAY BASEBALL

THURSDAY BASEBALL
 American League Detroit 9-NeW York 2 Boston 5-St. Louis 4 Washington 1-Cleveland 0
 National League St. Louis 6-New York 4 (day) Boston 2-St. Louis 0 (nighD
, 1951-02-16
FRANCO-AMERICAN

by the US. armored relief
column which shot its way
into the town.. The surrounded
force, supplied by air, still
held an unbroken advance
perimiter when the rescue
column arrived.
Communist losses were 148
to l as an entire regiment
walked into an Allied trap on
another sector Of the front. A
total Of 1898 of them were
killed.
, 1951-02-16

U.N. POSTAGE 49,.
Of an agreement with the USA
Government.
Under these terms, the USA
Post Office Department will
continue to operate the Post
Office Station which opened
in January in the new U.N.
Secretariat Building. For its
part the U.N. Postal Admins
tration will lsupply U.N. post
age stamps to the USA Post
Office Department for use in
the Post Office at Headquar-
tiers and for philatelists. The
U.N. postage stamps will be
valid for purposes Of postage
only on mail posted at the UN
Headquarters Station.
, 1951-02-16
ADVERTISEMENT FOR BIDS

The Municipality of St. Crox, Virgin Islands, will receive
sealed bids for the r~enodeling Of the terminal building at
Alexander Hamilton Field, Civil Aeronautics Administration
Project No. 9!54-001-102, until 200 pm, atlantic Standard
Tfmel on March 5, 1851 at ChrstLansted, St. Croix, Virgin
Islands, at which time at the Department of Finance all bids
will be publicly opened and read aloud.
The successful bidder will be required to furnish salts
factory performance and payment bond or bonds.
All bids shall be based on wage rates not less than the
minimum wage rates as predetermined by the Secretary of
Labor of the United States, schedule of which is included in
the specifications.
Proposed forms Of contract documents, including plans
and specifications, are on file at the office of the Superinten-
dent of Public Works, Christiansted, ST. Croix, Virgin Islands,
and at the District Engineers Office, Civil Aeronautics Ad-
ministration, San Juan, Puerto Rico.
Copies of the documents may be obtained by depositing
twenty-five dollars $2500 with the Municipality of Saint
Croix. The amount of the deposit will be refunded to each
person who returns the plans and documents in good cond-
ton within ten days after the opening Of bids.
The Municipality Of ST. Croix reserves the right to reject
any or all bids and to waive all informalities in bidding
A certified check or bank draft payable to the Munich
patty of St. Croix, us. Government Bonds, or a satisfactory
bid bond executed by the bidder and acceptable sureties in
an amount equal to five per cent (5R) of the bid shall be sub
mited with each bid.
February 9, 1851.
HARRY. E. TAYLOR
, 1951-02-16
SHIPPING NEWS

The SIS FORT TOWN
SHEND" is scheduled to sail
from New York February 18th
and is due at Frederiksted
February 10th accepting
freightfor St. Kits, St. Lucia,
Guiria, Trinidad, Grenada,
Barbados, St. Vincent, Mar
Unique and Antigua.
N WITTY & Co., Lid
Rob't L. Merwin & Co.. Inc.
, 1951-02-16

Becoming only the second ma in track and field history to
vault is feet or more. the Rev. Robert Richards. former Illinois
athlete and now a Chicago Minister, clears the bar at is feet inch
in the MilIrose Games in New York. Only other man to vault Is
feet IT more was Cornelius Warmerdam, who did it 43 times. INPl