davidaulloa/AmericanStories huggingface dataset:
Evening star., 1953-01-24
BY the A.soeiosed Pres.

Bernard Baruch once faced
Iabout the same problem Charles
e. Wilson has had in connection
with his stock holdings in Cen
eral Motors.
MIR. Baruch. friend and adviser
Of the last seven Presidents, had
about $40 million invested, mostly
in securities. when he was ap-
pointed chairman of the War
Industries Board by Woodrow
Wilson. That made him the
Governments production czar In
World War !.
He disposed Of "all those Sc
.curities affected by the war" he
wrote In 1885 to former Senator
Nye. who was then investigating
the munitions industry, Mr..
Baruch's wartime financial ac-
tivities had been questioned.
Kept q Few STOCKS.
The returns from his securi-
ties, some Of which were sold at
a loss, he said. were reinvested
largely in Liberty Bonds. He
held on to a few stocks, and this
was his explanation Of that:
"I carried through the war
three major investments in
which I am still interested. They
were, first, Alaska Juneau Gold
Mining Co., in which I invested
before the war and which for
many years had no value; Sec
ond, Texas Gulf Sulphur Co., in
which ! originally invested about
Is years ago and which never
produced an ounce Of sulphur
during the entire war; and third,
the Atolia Mining Co., a pro-
ducer Of Tungsten. -.
"AS nearly as I can recall, my
income from tungsten in 1916
was about $500, 900. When in
1917 ! set myself the program
Of getting rid ofFall holdings even
remotely affected by the war, I
tried to dispose of this invest
ment. I offered it to my asso-
ciateS at price which was to
be one-half the dividend it would
pay during the calendar year,
and they refused to buy, Their
refusal was based on the fear
that there was no ore reserve. g.. i.
Dividends Given to Charity.
II informed certain officials in
Washington, including the Presi-
dent of the United States, the
Secretary of War, the Attorney
General, the Secretary of the
Interior and my fellow board
members of this interest and also
of a plan that I had devised.
Because tungsten had become
increasingly important as an
alloy. although its use was larg-
est by civilian industrial enter
prises, ordered the segregation
OF every dollar that the mine
Evening star., 1953-01-24
Wilson Sale Will Not Depress
Stock Price, Experts Predict

cial offering, in which member
firms buy the stock for their
customers.
Another is a secondary Offer
ing. by some firm, in which deal
ers who are not members Of the
Stock Exchange might partici-
pate. Such sale would be after
the close of the market.
Other possibilities are that he
might sell his stock to some
charitable foundation such as
the Alfred p. Sloan Foundation,
or that General Motors itself
might be interested in acquiring
the stock for its own treasury
for use in its bonus plan. The
Sloan Foundation is a charitable
foundation established by Alfred
P. Sloan. jr., chairman Of the
board Of General Motors.
But a spokesman for the Sloan
Foundation said "the idea hasn't
entered our minds" regarding
the suggestion it might be inter-
ested in acquiring the stock.
/ The $4,000 shares held by Mr..
Wilson compares with 8.4OO
shares traded on the New York
Stock Exchange yesterday, ST.
200 traded last week and 2,432,-
900 traded in 1852.
That amount put on sale at
one time. nevertheless, would
represent q large Offering
whether sold on the floor Of the
exchange or in a secondary dis
tribution.
There was no comment of any
kind from GIN officials here and
In Detroit on Mr.. Wilson'S plan
to sell his shares.
Evening star., 1953-01-24
.Boruch Sold Big Stock Holdings
On Becoming Production Car

paid me and directed that all
the dividends should be paid to
various charities"
His charitable contributions
during the war, paid mostly from
these dividends. amounted to
$400. 900.
Mr.. Baruch's wartime job for
Uncle Sam cost him big money.
His income in 1916 was $780,
028.03. It dropped to about one.
fourth that in 1917 and in 1918
and 1919 he had a net loss.
Evening star., 1953-01-24

ENGLISH SETTER. 8 mos. old: vic.
Franklin and Pitt sts.. Alex; white.
black spots. Reward. TIE 6-1038.
Evening star., 1953-01-24

DOG. small brown-and- white. terrier
type dog, male. Reward. LU. 4-67S2.
Evening star., 1953-01-24
Leesburq Foshion Show

LEESBURG, Va, Jan. "a (Spe-
ciAll "A fashion show, buffet
and entertainment program will
be staged for Loudoun County's
polio campaign at z pm. We'd
nesday in the Goose Creek Coun-
try Club.
Evening star., 1953-01-24

am sort of drafted, and it is
proper for you gentleman to
make up your minds whether I
am a AZ or not; maybe I have
a fat head instead of fiat feet. "
Another time, when a legal
point was being chewed over,
Mr.. Wilson observed that he
was not a lawyer and commented
wryly:
IF I had a lawyer he would
advise me not to take this job. !"
Discuss His Four Aides.
There was considerable discus
sion about the four men tapped
to be top aides to Mr.. Wilson
and the fact that they are all
men Of substantial wealth.
Also made public was the
testimony Mr.. Wilson gave the
committee at closed sessions on
January is and 16.
This disclosed that he barred
his financial life in his first ap-
pearance before the group, tick
ing off his holdings not only in
General Motors but in oil inter-
estS, pipe line, banks and Gov
ernment bonds.
Mr.. Wilson also volunteered
information, at that time. on his
wife's stockholdings in various
concerns and said that, il need
be, Mrs. Wilson could disposed
of them.
Goldfish Bowl "All Right"
He told the Senator'S he did
not mind if they made public
the financial data he had given
them, saying:
"a goldfish bowl is all right
with me. I do not think any Of
the assets I have have been taken
away from anybody. helped
create some new wealth. and a
piece of it stuck with me. l am
not proud of it. but am not
ashamed of it. so you men do
what you want with this record"
In yesterdays testimony, Mr..
Wilson took a jab at newspaper
columnists and declared that if
he is confirmed, they are not
going to run the Defense De-
partment.
Later. he suggested that 'per-
haps, for the good Of all of us,
that crack (about the column
ists) ought to be taken out" of
the record.
However, both remarks ap.
peared IN the transcript.
II have read some Of those
columnists here recently" Mr..
Wilson said. land if was not
a reasonably patient man in
keeping my temper. I would be
quite mad about the mud and
dirt and the false statements
that were made.
But I keep my own score-so
I sleep all right at night"
Lists Courses on Bonus.
At an afternoon session yes
terday. Mr.. Wilson testified he
would be willing to follow any
one Of three courses in disposing
Of General Motors stock he will
receive as bonus in the future:
/. Sell the stock promptly as
received and turn over to charity
any excess value" over the
present market.
9 If the Bonus and Salary
Evening star., 1953-01-24

Committee of General Motors
agrees. He will accept "cash at
the present market" for the
stock he theoretically will get
in the future as bonus.
3. "Sell short" the number of
bonus shares he would receive
so that, if GIN advanced on
the market, he would lose the
amount of the rise in delivering
the stock to the buyer.
Chairman Saltonstall, Repub-
lican, of Massachusetts,, and
Senator Russell told him the
second proposal was preferable.
Senator Kefauver, Democrat,
OF Tennessee, briskly questioned
Mr.. Wilson on what he would do
on his oil and gas company
stock If Government contracts
became involved.
II do not know what I would
do, but I would not get into
trouble over it," Mr.. Wilson re-
piled. II assure you of that.
might even say to the president
Of the company, Please sell your
gas somewhere else, or gasoline.
Do not get me in a JAM"
Mr.. Wilson said he might tell
the boys. Don't do that to me.
Don't sell to the Government !"
Senator Kefauver pointed out
it might be of advantage to the
Government to make the pur-
chaSeS.
Mr.. Wilson replied:
"In that case, I would let
some one else rule on it.
wouldn't want to bother the
President with too many things.
but if it was serious enough, I
would clear the record, I assure
you" ar as va IT.,
Explains Contracts Procedure.
He told Senator Kefauver::
Il think ] made some mis-
takes in my previous testimony
by not making it clear on the
record on how the contracting
is done and who has the respon-
sibility for negotiating contracts,
signing contracts and approving
the passing Of money for all
purposes in the spending of
Government money"
He explained that most of this
is done by "the armed services, "
rather than the civilian secre-
taries. Apparently he referred
to career officers.
II know that no secretary, for
instance, has ever made an
agreement with General Motors
over any of the products that
we built for them or for the
country" Mr.. Wilson said.
Senator Lyndon B. johnson,
Democrat, of Texas asked Mr..
Wilson if he believed his assist
ants could hold stock in COM
panies doing business with the
Defense Department without
violating the law?
Mr.. Wilson at first replied he
was not a lawyer, but could as
sure that the job is going to be
done right"
Senator johnson insisted he
had not answered the question.
He Will Handle Cases in Question.
Il would say that, if their
holdings were very minor, they
had not personal influence in
the company, that I would not
bother about it," Mr.. Wilson re-
piled. "If they were of any sub
stantial amount and they had
had past relations with the COM
pany where they had some in
fiuence with or without the stock,
then I think there is a question,
and that one ! would handle"
Senator Kefauver said Gov
ernment business in Washington
might be referred around until
there may be Is or 80 hands in
the pie before the contract is
finally consumated."
He asked Mr.. Wilson If this
would make it difficult to de-
eide what person had response
bility.
II see no difi1culty in it." Mr..
Evening star., 1953-01-24
Collective Bargaining
Passed in South Koreu
By the Assoeiuted Press

PUSAN, Korea. Jan. 24.-The
South Korean National Assem-
bly, yesterday passed the first
trade union bill giving workers
the right to act and bargain col
lectively.
The bill now awaits only Presi-
dent Syngman Rhee's signature
to become effective. Korea's
many unions have been operating
without the benefit of law. :
Evening star., 1953-01-24
Sabre JETS Destroy
Al Least Four MICS
In Northwest Korea
BY the Assoeiatsd Press

SEOUL, Jan. 24.-Allied Sa-
bre jets destroyed at least four
Communist MIG-15 Jets high
over Northwest Korea today, as
two new jet aces were crowned
and a third pilot took over top
standings in the MIG killing
race.
The Air Force reported one
other MIG was probably de-
Stroyed and at least two others
damaged.
Capt. Cecil G. Foster, of San
Antonio, Tex, bagged his eighth
and ninth MICS today to take
over the top spot for flyers still
active in Korea.
Capt. Dolphin D. Overton III,
of Andrews, S. c., riding the
hottest streak in jet fighting
history, bagged his fifth in four
days to become Korea's oath
jet ace.
Becomes 25th Jet Ace.
1t. Harold E. Fisher, jr., of
Swea City, Iowa, picked off a
MIG for his fifth kill. He is
the 25th jet ace of the war.
The probable kill was cred
tied to Col. James j. Johnson
of Phoenix, Ariz.
The new kills brought the AL
lied total to 19 in the last five
days.
The 5th Air Force announced
that the week of January 1923
was the most successful for its
Sabres since the week beginning
November 81. The total of de-
stroyed MICS was 16; probably
destroyed. /, and damaged, 16.
The Communists downed only
one Sabre during the past week.
the Air Force said. 1t was the
first F-86 lost to the Reds since
the week ending December 26.
Three other U. N. planes were
downed by enemy ground fire
during the week ending Friday
an F-80 Shooting Star, q Navy
Corsair and an F9F Panther jet.
The Navy reported today that
four carrier-based Banshee jets
attacked a Communist training
school Friday "just as classes
were converting" The school,
at Anbyon, south of the east |
coast port of Wonsan, was heav-
lily damaged. according to the
Navy communique.
Supply Lines Attacked.
Late Friday and early Satur-
day, BPS light bombers hit Red
supply lines, destroying so trucks,
three locomotives, and 10 box
cars. Ten B-29 Superfort bomb
ers struck a Communist supply
target and a troop-billeting CEN
ter near Pyongyang, the North
Korean capital.
Fifth Air Force claims for the
January 1923 period include 1853
vehicles, 100 buildings, two
tanks, three locomotives and ten
boxcarS.
Ground action today was high
lighted by an Allied patrol raid
against Chinese Communist
position northeast of Porkchop
Hill on the west central front. |
Fifty Reds were killed or
wounded in the half-hour hit
and-run assault.
South Koreans Raid Hill.
On the western front, South
Korean infantry made a day.
light raid on the top of Big Nori
Hill Friday. Accompanied by
whitening air and tank support,
the ROKs reported 205 Chinese
defenders killed or wounded in
the 80-minute attack.
The 9th Army reported in
f1icting 2,202 casualties on the
Reds during the week of jan
uary 15-17 for the highest total |
in more than a month. This in
cluded 1921 killed, $40 wounded
and II prisoners.
Evening star., 1953-01-24
FOUND

CAR KEYS-V Vicinity Ward pl. and New
Hampshire ave NV. Friday morning.
CAT, young, male. black vie.s Cooke
SchGolhouse. CO. 5-5335.
CATS-YelloW and white male. bell n
collar: vic 200 block N. Wash. ST..
Alex. Also black and white male. Owner
or good home. XII. 9-3959.p
SPANIEL DOG, black female; vic, llth
and @ sts. NV, Fri. 81 Call JU.
WATCH, lady's; found IN eears. Thurs.
Phone RA, 3-2322.
Evening star., 1953-01-24
LOST.

AUTO sTFot1R Ro5E aafo plaid Inaa
EN-. 3-5504. -24
BAG, blue, zippered. contains blue
cab: rewsrd sTasSes ju e'f; 5o4So sSt in Yellow
Drivers license. i'd cards. Contained
no money. OIL. 4-6499. ia
BOXER. male. unusually light tan.
disappssarsd q from Capitol view PARK
children await his return. LO. 4-7416
BROOCH-Flower shape, clip with tri-
angular center surrounded by numerous
Jan, 20. bet. MayfioWer III Hotel aiS"s and ID
NATL Guard Armory. Contact AP.
7-3717. Reward. 80
COAT-Will gentleman who took heavy
yellow pocket lining from McDonaid's
please caII Of. a-4s565 ~ -a4 ''
COLLIE, female, sable and white, Q yrs.
2ld; vic. Vienna. Va. Reward. Vienna
DOG, collie type. gold and white, male;
ian 90; Va. tag 1s436 Reward. CAR
1E. 2-eI72. eI72.------. 81
DOG, brown chesapeake Bay retriever;
IN In vicinity ! saSo of Dominion Hills Reverb.
DOG. small, brown -and-white terrier
type dog male. Reward, LU. 4-e7s2
ENGLISH SETTER. mos. old: vic.
bsRka bacR sDot5 snd ftt Rewa4d sts 4sz Thts ns
EYEGLASSES, heavy rims like tortoise
p Sneli; vide stradght side pieces. Jan II.
Reward. King 9-0435. 25"
EARRING, diamond. for pierced ear.
and Kennedy NV: sentimental value:
GOLD LIPsTICK at the inaugural ball
seTars isws stusded sfe DE Eth a9pa .9ttal' M P
DAB; Jeiefs sSHsht ss. suit ssS dep crest ve en-
Thurs: afternoon: contents, keys.
Tsrd VASES Phsn. fss SssDs5Satsss oE Ssss needed re-
LIBERAL REWARD-Ruby diamond and
platinum bar pin. lost at inaugural
ball; Georgetown auditorium. Call J.
PARAkEET sr.nF tTruu9iss vicinity ad Of Be
OIL. 4-S119. -25
PUPPY, cocker spaniel, 4 mos. brown.
siesSIs 1sS RTs.y sVs o yc 1881 sS Capitol St sta and
siSa; answers sen to '4fS'' BOO 300" Ss" "a. "a.
s-440U. Ext. $40. "a
PARAKEET, blue breasted. black and
white wings and head: black metal
DdIu on ElRnL lex. tOSG IN NOrLn Wills
ten Apts. Reward. JE. 4-151S. --2S
PARAKEET, opaline, blue body dark
wings, vic. 10th and Shepherd SITS. ne.
Reward. LA. 6-3056. -25
RED IRISH SETTER. female; Montgom-
cry County tag 10163; reward. JU.
ROCKING CHAIR, brown leather; OF
truck bet. Ga. ave. and Queens Chapel
Manor, Md. Liebral reward. WA. 1859
neIore pm. -26
SMALL BLACK HANDBAG, Woodward's
identification: gold pencil. ETC., Union
Station. Fri: reward. CO. 5-4323.
TOPCOAT, gray tweed, lge. size, anc
gray felt Dobbs hat; lost Tuesday night
between Roger Smith Hotel and Statler
Hotel Reward. OV. 3-022S. ga
WALLET, lady's. green; vic. 3rd and
Const. ave. NV; valuable papers, Re.
EssS5. Esgs; 8 to 4;so' IL 6;d7Oo e Ext.
WRIST WATCH, iady's gold Buloya;
Jan. 10, vic. new GAO Bldg and 4th
and E NV. Reward. WO. 6-7243.
WRIST WATCH,. aady's, gWittnauer:
Ksw.fd Sis TsA EH ss s:h one sv.ninss saisve
EVENING BAG-Uline Arena
Monday, Jan. 10. lady's, con-
tanning cash, identification
cards, hotel key, Rosary and
religious relics. Interested only
In return Of religious effects
Reward. Emerson 3-1330.
- Qho
Evening star., 1953-08-16

legal sanction given the Nazis
dimmed the impulse for resistance
and so aroused the contempt of the
Germans that when it suited them
they took over the rest of the coun-
try. Petain was later condemned as
a traitor by his own people.
The tragedy of leaving a nation
half slave, half free has been illus
trated time and again in the period
after the Second World War. The
division of Germany and Austria
between the Reds and the free world
has caused nothing but trouble. Why
repeat the same mistake in Korea?
We certainly know that the an
guished people of North Korea hav-
ing tasted the iron rule of the Com
munists yearn for liberation with a
fervor reserved for those who have
personally tasted the fear and the
indignity of oppression.
Maximum Power
KOREA is not asking for a Third
World War. But we do believe that
the only way to make the Commu-
mist aggressor return to his own
border is to convince him that the
United Nations means business. We
believe that the Chinese Reds would
be out of Korea within six months if
the United Nations made it plain
that it was prepared to use maxi
mum power in achieving this end.
Perpetual hesitation and wavering
are symptoms of weakness that the
Evening star., 1953-08-16

personal ambitions have motivated
my stand. If wanted ease, comfort
and power would it not be simpler to
take half a loaf? Why not live out
the last years of my life without any
more struggle hoping that the Com
munist deluge will come after my
time. But one cannot dedicate a life
to cause and then give up at the
end for the sake of material comfort.
Threats DOn't Work
CERTAINLY those Western states
men who have sought to influence
us by hints of withdrawing their aid
and support or by other threats have
completely misunderstood us. Such
threats work only with nations that
are prepared to put temporary ad-
vantage above long-range convic-
ton of what is necessary to save
freedom in ones country. What
good is United Nations aid to Korea
if the price we pay gives the Reds
such advantages that they can over
whelm US any time they choose?
Should worse come to worst and
Korea ever have to carry on the
struggle alone, we would do so in
hope that our fate would ultimately
rally all nations of good will. We
count especially on the United States
to see that in this global civil war
between relationships and republics
the survival of freedom as we know
it depends on hating Red aggression
here and now. The End
Evening star., 1953-08-16
"WHY | STOOD ALONE"
Continued from preceding page

Reds are sure to take advantage of.
This encourages new Red aggression
and tends so to disrupt the balance
of power in the world in the Com
munist favor that the chances of a
Third World War will indeed be
enhanced.
Self-delusion is always easier when
you are geographically remote from
the scene. Back in 1945 l was called
many names when l protested the
American agreement with Russia
whereby the Soviets were to occupy
Korea for the purpose of receiving
the surrender north of the 38th Par
allel of Japanese troops. At the
time American officials assured
me this was only a temporary
expedient and that there was no
intention of permitting the Rus
slams to retain the area. Americas
intentions no doubt were excellent.
But the fact is that America never
succeeded by peaceful means in
shaking the Red grasp in North
Korea once it had been temporal
lily" granted.
President Eisenhower undoubted-
ly was sincere in hoping that the
Chinese could be persuaded at a po-
litical conference to get out of North
Korea. But now with the Chinese
stronger than ever why should they
be any more prepared today than
yesterday to leave the North?
1t has of course been painful for
me to face suggestions that selfish
Evening star., 1953-08-16
YOUR COUNTRY NEEDS YOU!

YOUNG MEN, ys ." .o m. '"~."' S"1 ss' s"s
H"d Sse 'sosd o VS. good deo
! SE w. :; uho+exer erode you moy hove
Evening star., 1953-08-16

Since june l9, 1881 a total of 8 years service is
required of all persons enlisted, inducted or ap-
service is for years, followed by years in the
Ready Reserve (where you subject to recall
by the Presidency.
However, if a veteran takes an active part in the
Ready Reserve Training Program for yeays-he
may then transfer to the Standby Reserve for the
remainder of his years required service The
Standby Reserve is subject to recall only in
emergency declared by Congress.
Evening star., 1953-08-16

TW-8-16-55
Milford chronicle., 1953-11-06
LINCOLN
By Mrs. George H. DerrICksOn
Phone Milford 1859

Lincoln Methodist Church
Rev. W. II. ReVelle, ST., Minister
Services for Sunday, November
s:
HOO a. m.-Sunday School. A
cordial invitation is extended to
all.
$50 p. m.-MYF Bible Study and
discussion.
1880 p. m.-Evening Worship.
Invitations have been issued for
the marriage of Miss Ann Filter
aid, daughter of Mrs. John Fitz-
gerald, and Donald Lee Currie, to
take place in the Lincoln Methodist
Church at two o'clock on Sunday
afternoon, November 8. The bride
is employed by the Diamond State
Telephone Company and the groom
is stationed at the Dover Air Base.
Callers at the home of Mrs.
BOyce Short on Sunday were Mrs.
Nora POstles of Philadelphia and
Mr.. and Mrs. George Greabes and
son Of Baltimore.
Mrs. Woodrow Morgan, Mrs.
Edith AIinicucci and Mrs. Frances
Morgan attended the Dover District
meeting of the WOman's Society of
Christian Service held in Middle
town on Wednesday of last week.
Mr.. and Mrs. Earl Selby of Col
lingswOOd, n. j., spent Saturday
and Sunday with Mr.. and Mrs. John
l.. LeCOmpte.
Milford chronicle., 1953-11-06
Gov. BOggs PrOclaims
Natl. Guard Month

Governor J. Caleb BOggs pro
claims the month of November "a
National Guard Month.
In order to increase and main
tain the present strength of the
Delaware National Guard an inten-
sive recruiting campaign will be
conducted during the entire month
of November. The kickoff, slated
for Sunday, November 1st, will be
over WDEL-TV at $3.50 p. m, with
the reading of a proclamation by
Governor J. Caleb BOggs, himself
a former Delaware Guardsman. The
proclamation is as follows:
PROCLAMATION
WHEREAS, the National Guard
of the State of Delaware is in
the process of reorganizing
for the defense of the State
and Nation from aerial at
tack, and
WHEREAS, the National Guard
of the State of Delaware can
only continue an effective mill
tary organization through the
universal support of, and en-
cOuragement by, all the people
of the State of Delaware, and
WHEREAS, the National Guard
is embarking upon a recruiting
campaign for its ground and
air forces and wishes at this
time to call to the attention
of all men between the ages of
II and So the desirability of
joining the Delaware National
Guard and the Delaware Air
National Guard.
NOW, THEREFORE,, I, J. Caleb
BOggs, Governor of the State
of Delaware, do hereby pro-
claim the month of November
as
NATIONAL GUARD MONTH
and urge each male citizen
between the ages of II and 55
favOrably consider the National
Guard and enlistment therein.
IN WITNESS WHEREOF, l, J.
Caleb BOggs, Governor of the
State of Delaware, have here
unto set my hand and caused
the Great Seal of the said State
to be hereuntO affixed at Dover.
this Twentieth day of October
in the year of Our Lord, One
thousand nine hundred and
tifty-thTee, and of the Inde-
pendence of the United States
of America, the one-hundred
and seventy-eight
(SEAL) J. Caleb BOggs
BY the Governor:
(SEAL) John n. Mcdowell
Secretary of State
Guard officials anticipate ap-
prOximately 300 new enlistments
during the forthcoming recruiting
campaign.