davidaulloa/AmericanStories huggingface dataset:
Evening star., 1952-07-13
BY Roder Wineet
Assoeioted Press FinoneioI Write,


NEW YORK, July IA sensi.
tive stock market shifted nervously
this week at the mercy of diverse
influences. but it wound up the
week with burst of strength that
hasn't been exceeded in more than
Q month.
On balance it was lower, but the
manner in which it acted through
out was considered fundamentally
sound.
The steel strike, which has be-
come the worst in the history of
the country, was responsible for
major market action in both di-
rections.
There are around a million and
a quarter men out of work directly
and indirectly because of the
strike. Nearly 13 million tons of
steel production has been lost.
Convention Masks Strike.
The G. o. P. convention helped
to mask the steel strike in the
popular mind. The strike took a
back seat. But the strike was
still there.
Friday very frequently is a day
when traders tighten their hold
ngs and get out of the market for
the week end. It often is a quiet
affair. But this time it was diff
ferent.
Trading started quietly and the
market gained speed and strength
through the third hour. That
was just about the time that Gen.
Eisenhower was picking up dele
gates and heading for victory.
At the same time, however.
hope was high in Wall Street that
Evening star., 1952-07-13

as senior assistant treasurer of the
Reconstruction Finance Corp.
Totals on June 80 and changes
from three months earlier, AS.
sets, $17,046,141. up $694.017: de.
posits, $16,074,12l, up $578.149;
loans and discounts, Sc, ,126, ,785. UP
$511.O66; cash and due from
banks, $3,938.760. up $1.177,224:
Federal obligations. $6,798, 1893
down $996,l93; capital funds
$907 ,319. up $129.134.
Mr.. Griffin, a certified public
accountant, served the RFC and
subsidiary organizations for 20
years. He also was with Haskini
and Sails and at one time oper.
ated his own account firm.
Hardware Men Due Tomorrow.
Around 750 hardware dealers
from over the Nation will attend
the SD Annual Congress of tho
National Retail Hardware Asso.
citation. which will open tomorrow
at Hotel Statler.
Among speakers at the congresi
will be Senator Mundt. Republi.
can, Of South Dakota; DR.. juliet
Backman. economics professor a,
New York University; Carl v
Hacker. merchandise display
manager of the RCA-Victor Di.
vision. Radio Corp. of America
and Representative Hurlong, Dem.
ocrat. of Florida.
The first general session to.
morrow evening will be addressed
by Carl A. Miller Of Kendallville
Ind. NRHA president, and a re.
ception in his honor will follow
Congratulations Received.
The retiring manager of Riggt
National Banks Park Road
Branch and his successor yester.
day received congratulations from
many friends in the financial dis.
trict.
Carl H. Donch, assistant vice
president and manager, who has
Evening star., 1952-07-13

March 81 and
|$5,438,129 above
June 80, 1851,
the latest state
m e mt from
President Dam
iel w. B IL
showed.
Holdings of
Federal securi-
ties on June 80
amounted to
$82,968, an
increase of ST.
678,882 since
March 81 and
$12, ,02 8 6 8
Evening star., 1952-07-13

ended June 80
Pre- 81 d e n t A
Scott Ofut re.
ported yesteF.
day.
The mid-yeaI
S t a t e m e n I
S h ow in 6 fur.
ther substantial
growth was &C.
companied BY
announceme nj
of the appoint.
ment as audi.
tor of David B
Griffin, who re.
Evening star., 1952-07-13
Loans Climb Further
AT American Security,
Deposits Recover
By DonoId B. HodIey

American Security & Trust Co.
expanded loans and discounts to a
new high of $70,692.722 at mid
year, a rise of $3,124,286 since
Evening star., 1952-07-13
May and five months changes In
unit sales of other items follow:
25th Anniyersary MARKED.

25th Anniversary Marked.
Mrs. Sidney Zimmerman Gra-
ham, head of the accounting de-
partment for Grosner Of 1925 F.
street, was honored Friday at q
party celebrating her 25th ami
versary with the store.
She started as q bookkeeper on
July 10. 1927.
Evening star., 1952-07-13

receiyersip pr henr ~ Wreqeans.d under ~ O.
ruptcy Act Or securities assumed By such Companies
dishurseme1ts based on the last quarterly or semi
eas dvids6as are not cude ao'sS
& r dividend IS 3 riEhts Also extra Or extras
0r paid is5 this IN steck 80;
year peelared or paid after stock dividend or
splt-up Declared or paid this year. an accumula-
tive tsSue with dividends in arrears. nd Next day
aslvery; PAID this year: DIVIDENDS omitted: &C.
Z DECLARED or paid e lss2s, plus stOck diyidena
y Liquida ting dividend Payable In stock. exact
cash value undetermined On declaration date.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11
ProtesIants i'm Colombia

Some more publicity has been given to alleged
~anti-Protestant incidents" in Colombia. Some
Protestant sources in that country continue to
propagate these and OF course Proestants in
the United States get alarmed and secure publicity
here for the erroneous reports. A letter in News
week" the other day from the associate editor Of
Presbyterian Life thanked that publication for
the information" IL had given about Colombia.
The writer OF the letter however, found il neces-
sary to remark: Il hope that your readers will not
think Caholiehaters or fanatics and will not try
10 dream up any connection between the situation
in Colombia and Catholicism in the United States.
There is none. We were just trying TO show that
situation exists near us today that should be Of
concern TO all Americans regardless OF religious
sffilistion" Such patronizing statement is of
fensive TO every American Catholic and to all fair
minded people.
One could wish that Protesants would realize
that few of them cannot 90 into a Catholic country
like Colombia and dominate II as they do America.
Nor should they expect TO suddenly change the
Catholic tradition 10 Protestant one by an in
tensive proseyting campaign No wonder there is
trouble.
Here Is a sample of false information from Co
lombs where there two political parties, one
ieftist and supported by anttclericals, the other
conservative and more favorable to the Catholic
Church. An editorial in Colombian newspaper
charged Bishop OF that country with recommend
ing the determination OF antiCaholics. The editor
ial was reprinted an advertisement IN Wash
ington newspaper The effect among Protestants
was natural When the Bishop in Colombia learned
of il he challenged the editor of the paper down
there to produce evidence The result was weak at
tempt to climb off the limb by the editor, with no
attempt to meet the Bishops challenge
II is suggested that Protestant leaders who are
"iust trying would show some of their good will
toward Catholics of the United States by first IN.
ouiring of Catholic authorities here before espous
ing erroneous reports and halfruths that come out
~ Colombia AT least they should have both sides
before they give unwarrsnted publicity to incidents
in Colombia stirred up for the most part by their
confreres and leftists
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11
Make Ownership Responsible

M.G-M might get stadium hold
ing $4,000 people and meet for
days and caucus and recaucus
and 60 over the business TO see
If things were run right for
them, for the employees and for
the general public. They might,
too, hold community meetings
among themselves and send in
Structed delegates to act on the
policy of the movies-or steel or
railroads or rubber or automo-
biles. But these proposals are
proposals for absentee landlords
TO exercise control over their
Irish lands from London. II is
management, now, that is in
control just as it was land
lords agents who were in con-
troll then - as long as they col
lected the rent then and as long
as management collects mon
ey for the dividends now. Man
agement can even hold control
for a while without dividends.
Let's 60 over the figures again
and whittle the figures down to
size. Thirty.seven thousand eight
hundred stockholders did not
show up; only hundred and
fifty did. The hundred and fifty
owned only three out of every
81 shares OF stock. Forty stocks
out of Show many owners is
not given-told the management
to vote as il wished. The rest
stood in the great silences.
This kind of stock is not a
stock but bond. lien, mort
gage, and still more a bet and a
gamble entrusted to someone
else to pull in a jackpot. The
management is the gamblers
agent and the stock market quo
tations are the gamblers reports,
like the odds listed at a race
track.
Two. Paths 10 Solution
There is no quick and easy So
luton for this distortion of own
ership. II has become so inmesh-
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11
Needed Modesty Norms

The fiftieth anniversary of the death of st. Maria
Goretti was observed last Sunday July s. Ii
the occasion for nationwide effort among Catholic
youth to intensity their drive for modesty in dress.
The holy martyr of purity is the paroness of the
crusade
Leading in the work is the SDS which means
supply the Demand for Supply" of modest fash
ions Then there is the youth group known as the
Fighting 69th which urges greater observance of
the sixth and ninth commandments. The general
principle Of this modesty crusade by our young
people is: Christian modesty demands, under pain
of sin that dress be such to conceal and In no
way emphasize the parts of the body which if re-
vealed or suggested, are an occasion of sin to
normal individuals"
The Chicago Inter-Student Catholic Action has
Just started campaign to promote modesty stand
ards in feminine apparel The standards set up
should be Of great value in these hot days when
the excessive heat becomes excuse to forget
decenty in apparel. Here are some OF the stand
ards.
All barred mdriff styles are considered objection
able and in bad taste whether this be in casual,
formal sports or beach wear. StrapleSs swim suits
and tWopece suits are not acceptable All StrapiesS
formals are considered Objectionable and not
approved. Transparent fabrics are not considered
as coveTage. Garments low In front or IN the back
are not acceptable,
Sweaters knit dresses, and wool Jerseys should
be of proper size so not to unduly and immod-
estly emphasize parts Of the body. Skirts must not
be too tight too short. Short shorts are always
Objectionable. Medium shorts (half way TO the knee
are acceptable in few circumstances, such as gym
classes and some sports Jeans, slacks and the like
are permissible at certain times such as in winter
sports pcnics and certain types Of housework. Skin
tight jeans and similar wearing apparel
tirely unacceptable In these garments, the color,
cut and fabric should far as possible, preserve
distinctly feminine quality. When in the presence
of boys or men, all girls and women should be
particularly careful to dinstnctly feminine
attire.
Men and boys, TOO can read these standards
with profit. They themselves should be careful and
should not give approval to girls and women who
violate deeeney in dress.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11
Pulling Our Share

During the past week and in the weeks to come
much attention will be focused by speakers at the
Political Conventions upon our relatively happy
position in the world and the sad state of the world
outside borders.
Never has suffering been so widespread. Never
has there been greater threat to world security
Looking out beyond our sheltered shores the sight
is frightening and saddening
The Pope and our Bishops have pointed out
frequently that we are living in age Of martyrs
Maybe the great age of martyrs. People are dying
daily for their Faith-and for ours.
We are all one in the Mystical Body of Christ
And yet, the futity of trying to help suffering
brothers will tend to depress even the most hardy
soul.
But is it futile? Can the suffering of others be
of use to them and to us-to the world? II can.
Father Rauol Plus S. j., in of his books
makes the statement that prayer will not bear fruit
unless it is marked with drop of blood"
Our prosecuted brothers are providing the blood
the least can do in their interest in ours
and in that of the world Is to provide the prayers.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11

have worked through the heat
of the day complaining that the
late-comers are rewarded too
well; rather, that these day-long,
lifelong fighters for Christ are
a great deal too much inclined
to pamper those who cry, Late
have / loved theei" For surely,
there is no merit in having been
salf-indulgent and full for the
major decades of lifetime. Nor
should a superior reward be of
fered those who gathered the
rosebuds while they might, then
reprented.
But there is one value the con-
vert does have to offer. 1t is
not a thing that will secure his
salvation. Nor will it help him
to proceed, by faster stages, to
the Beatific Vision in that,
ii is likely that he will lag far
behind his flattering friends.
But in the area of apologetics he
does, in deed, find himself in a
position to do an unique service
for the Faith. For he has tried
out the paganism of our times
and found ii wanting. He has sue
cumbed to the temptations of
worldiness, which assault even
the best of cradle-Catholics, and
he car act assam expert witness
when he says, Happiness does
not lie along that primrose
path"
In discussions of a foreign
country there is never any sub
stitute for the man who has
been there. In discussions of
pagan belief and practices, no
one is better qualified to repudi-
ate them than the man, or won-
an. who has tried to steer his
life by these unreliable search
ings of the stars.
Catch In Pssauisn1's Promises
The poor pagan is never allow
ed to suspect this fact by any
modern discipline. Outside of
orthodox Christianity there is no
philosophy which tells him the
basic facts of his own nature
for instance, the fact that sacri-
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11

The constant flow of news telling of the persecu-
ton Of the Church In Hungary affects every think
ing Catholic We sorrow at the plight of our fellow
members of the Mystical Body of Christ, and we
shake in fear that such thing might possibly hap
pen 10 us.
Tito on many occasions here of late has been
trying to molify the Western nations (notahly Amer
lea from whom he has received large grants of
money by saying time and again that there is free
dom Of religion under his regime. He has even
hoodwinked number Of influential CORRESPONDENTS
for secular publications into believing that there act
uaily is freedom OF religion in Hungary today
The closing of the third seminary in Hungary
within year gives the lie to Titos deniaS and
points up the fact that Tito's ayowed policy is one
Of exterminating religion.
Here again what the battle between
Communism and the rest Of the free world is not
merely differing of political economic systems but
Is struggle 10 the death between the forces of
the goddess and those of the Godfearing.
The knowledge OF the state of the Church in
Hungary depressing though II IS should and can
have saIutary effect upon US II should make us
cherish the freedom of the Church here in Amer
ica where our seminaries open to all who re
ceive the Divine Call from Almighty God
The monetary consideration entailed in both
the upkeep of the physical plant OF the seminary
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11
INQUIRY CORNER

@. If one forgets to confess d
sin is he obliged TO confess IT
tohen he remembers it?
A. We are bound to confess
all our mortal sins. If we omit
one through no fault of our own
we must confess it in the next
confession after we remember
the omission. Since we are not
strictly bound to confess venial
sins we do not of necessity have
to confess one which we have
forgotten, but it is strongly rec
commended. Every sin submitted
to Christ through the healing
Sacrament of Penance is more
quickly and certainly forgiven,
ever venial sins.
@. Is an indulgence an escape
from the consequences of s9n?
A. The proper consequences
of sin is death and eternal pun
ishment. Only the mercy of God
saves us from this consequence
of serious sin. Through the Sac
rements of Baptism and Penance
we escape. Through the goodness
of Christ who gave us these
helps we are given q new start
even if we have sinned repeat
edly in serious matters. Eternal
punishment is cancelled by the
merits of Christ's death for us.
There remains, however, for
numerous venial sins and for re-
pented and forgiven mortal sins
the temporal punishment. If we
die with this debt unpaid we
must be purified in purgatory.
On earth, again through the
goodness of Christ, we can re-
move even this temporary punish
ment. Through prayer, good
works, sufferingS endured and
certain prayers and acts desig-
mated by Christ's Church we
can lessen or remove this score
against us. Indulgences repre-
sent the Church's application of
Christ's commission to the
Church to loose certain burdens
from us. They do not forgive
sins, and are obtainable only
if we have obtained forgiveness
for them - through the Sacra-
ment of Penance.
@. IF the Catholic Church
thinks so highly of marriage
Uhy do not priests marry?
A. The Catholic Church keeps
seven sacraments as instituted
by Christ for the sanctification
OF men. The Sacrament of Holy
Orders, along with vowed virgin
ity of religious, follows the
teaching of Christ and the prac-
tice of the early Church, includ-
ing the explicit teaching of st.
Paul. Il would that all men
were even as myself; but every
one has his proper gift from
God But | say to the unmar-
ried and the widows. 1t is good
for them if they so continue,
even as r. q Cor. 7:7,s). At the
same time we find in the same
sources the highest idealism
regarding the Sacrament of Mat
rimony. st. Paul refers to mar
riage as a sacred contract shar-
ing in the noble beauty of the
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11

ed in our way of running things
that it appears normal and cor
poration law and practice pro-
tect the distortion. But the main
lines of the solution seem to lie
in these paths.
u Make ordinary stockholders
who are not working with the
company bondholders. Give the
gamblers a new kind of certifi-
cate, the rights of a shot at big
gains but no gains at all in off
years.
p Get the ownership of the
stock into the hands of the peo-
pie at work in the company and
as widely distributed as possible.
In other words, make owner
ship and not a bond holders pas
sivity or a gamblers hedged bet
ting. Make ownership respon-
sible. This is in its nature. ! can
not see how you can make own
ership responsible unless most of
the ownership is in the hands of
the people who work in the COM
pany They will work at own
ership as they work at work.
Certainly ownership of stock in
big companies now is more like
owning a ticket on a rattle than
in ownership.
The Brookings Institution has
put out a report on stock own
erShip. Considering the interest
in empIoye stock-ownership of
Brookings, who founded and en-
dowed the Institution genera
tion ago, ii is rather ironical that
the report gives only a page to
employe ownership. But in a
statistical study made for stock
exchange that is about all it de-
serves. For only some three per
cent of the people at work in
the companies own any stock IN
their companies. And in manu-
featuring only Ia per cent own
any stock in the companies they
work in-onlv 240,00O out of
some 100000.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11

tIickery, force-and propaganda.
Peace is a propaganda line
which appeals to the people of
every Western European coun-
try. Without paying too much at
tention to the rise and fall in
Communist Party memberships,
Moscow has been able to exert
tremendous influence in West
ern Europe by playing upon the
theme of peace. This maneuver
is in no small degree responsible
for the relatively slow progress
that has been made in effecting
the NATO set-up and the West
ern European system of defense.
The Reds try unrelentingly TO
make the collective security of
Western Europe look like aggres-
sion. while pretending that they
are the friends of peace.
OF course, the question arises
Immediately why we, on our
side, have permitted the Reds to
get away" with their phoney
"peace" propaganda. There is
now rapidly growing apprecia-
tion of the fact that we must CON
vince peoples as we'll as govern
ments that ours is the cause of
peace-real peace. Political oh
servers are beginning to see
that "peace" is the selling point
that appeals to tire masses of
the people in each country. II
is expected, as a political argu-
ment, to have strong bearing
on any European elections held
in the near future.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11
INQUIRY CORNER
DO Mdulgences
Beget SHINING?

union of Christ and the Church
(Ephesians 5:2,O. This is . great
mystery, but | speak in Christ
and the Church" From the
fourth century celibacy has been
the rule for clergy of the west
ern Church. The special dedica-
tion following Christ's call to
leave all (Mt. 1919 and follow
Him is not meant for everyone.
The priest, and all good Cath
olics rejoice in the Sacrament
of Holy Orders, without belit-
ting the Sacrament of Holy
Orders.
@. Is q Catholic permitted to
marry q Mason?
A. In marriages of Catholics
with Freemasons who have been
Catholics the Bishop should dis
courage the Catholic party and
permit the marriage only If the
faith of the Catholic party and
that of the children is safe HoIy
Office, 1861. Usually in Amer
lea, however, we are not think
ing of former Catholics when we
speak of Masons. AS with all
ron-Catholics there would be the
impediment of mixed religion,
and the decision as to the per-
mission rests with the Bishop.
Such a marriage would be for
hidden by divine law if it were
to mean serious danger to the
faith of the Catholic party.
Q. Are there saints whose last
name tDds Smith or Jones?
A. Usually saints are known
only by their Christian (first)
names, but Englebert's 'Lices of
the Saints" mentions Blessed
John Jones for July 18th. He was
a Welsh Franciscan, hanged at
London in 1898 ''for having been
ordained abroad and having,
without cause, re-entered the
kingdom"
Q. In a recent nlovie, st. Pet
eT, think it tDds, consoled some
one By saying that Chrit too ,nns
tempted? Isn't that misleading?
A. There has always been some
difficulty in understanding the
temptation of Jesus by the devil.
One thing is obvious: the devil
did not know that he was deal
ing with the Son of God. He may
have suspected, but probably he
was trying to destroy one whom
he considered prophet. Christ
was not tempted in the sense that
He quivered on the edge of sim
ming as we do. To sin is to defy
the will of God, but. Christ's will
was one with Gods. He did give
us an example and faced square
ly the chief temptations we are
subject to. Whether the express
sion implied the notion of some
modern writers who consider
Christ as merely human and
therefore capable of sin, is diff
cult to say. Many lives of Christ
by non-Catholics make that mis-
take.
Send questions to Inquiry Cor
ner, The Rev. Edward F. Healey,
The Catholic Times, Box 636, Co
lumbus (16), Ohio.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1952-07-11
WASHLNCTON LETTER
Phoney Peace Propaganda

that Mascow has kept up a con-
stant-though phoney - propa-
ganda for peace" In country
after country it has put on
drives. These have waxed and
waned, and many have thought
they have been thwarted. But,
apparently each endeayor has
left residue. however slight, of
thinking for peace" 1t has been
like an insulating wax applied
and wiped off, time after time.
Each application leaves a slight
layer Of the material applied.
The actual membership of the
Communist Party has declined in
almost every non-satellite coun-
try, including our own, in recent
years. For example, an admitted
communist told Subversive
Activities Control Board here a
few days ago that the member
ship of the Communist Party in
the United States was between
$4,000 and $4,000 three to five
years ago, but is only between
10000 to $4,000 today.
However, this decline has not
appreciably affected the influ-
ence of the Reds in Western Eu-
ropean countries. The Commun.
lists have never placed much
stock in majority rule. Every
place where they have enslayed
country and its people, includ-
ing Russia itself, they have been
far from representing majority
of the voters They have used