davidaulloa/AmericanStories huggingface dataset:
Evening star., 1953-08-19
LOUIS b. ARNOLD, Attorney,
TRANSFORMATION Bldg.

LOUIS b. ARNOLD, Attorney
Transportation Bldg.
n THE UNITED STATES DISTRICT
Court for the District of Columbia.
OF Beulah Lee Skinner. Deceased.
= Administration No. S2,364. =
ORDER OF PUBLICATION: Appli-
cation having. been made for
authority to sell certain real estate
belonging to Beulah Lee Skinner.
deceased. as described in the petition
Of Louis B. Arnold, EXECUTOR. filed
PsTfaa on Of july psyns aeSs of
deceased. it is by the Court this
that Helen Harsoulas Hunt, resid-
ing at 1927 Warren Road. Cleveland.
Ohio; Doris Harsoulas Buscher, re-
sid siding as.,,,, nt 24oS 6 Chapman Road; Bead;
cSont Mer Mar'ana also fnd FSown 4Veya aa
Dorothy Mae Miller, a non compos
mentis, who Is patient in Kings
Park state Hospital. Kings Park.
N. Y. each cause their appearance
to be entered herein. on or before
the fortieth day. exclusive Of Sun
days and legal holidays, occurring
after the day Of the first publication
of this order; otherwise. this. cause
win be pEosssded pgos nTdHd.a with as t6.. n the
copy Of this. order be published in
three successive issues OF the Wash
ington Law Reporter and in The
Evening Star newspaper once a
week for, three successive weeks be-
@ 5SEs said HsT1aN return day; ,dgs 81 ,yaa1 WAL
4 true Copy. Attest: THEoDoRE
the District of Columbia, Clerk Of
the Probate Court aul2 1926
Evening star., 1953-08-19
HARRY J. DAILY AND


WILLIAM r. KEARNEY, Attorneys.
Metropolitan Bank BLDG.
UNITED STATES DISTRICT COURT
for the District Of Columbia, Holding
Probate Court.-No. S3,311, Admin
istration.-This is to Give Notice;
That the subscriber. Of the. District
Of Columbia has obtained ,ttoIn. from the ne
Columbia, Letters Of Administration,
e; T. A. on the estate OF ;JessI Jessie =.
Columbia, deceased. All persons hav-
ing claims against the deceased are
hereby warned to exhibit the same,
with the vouchers. thereof. legally
authenticated. to the subscriber, OF on
AID. 1854; otherwise they may by
lay be excluded from nal all benefit zen .nd Of
this iith day Of August, 1853.
Charles H. GoUGE, 2542 Tunlaw
Road. NV. (Seal) Attest: THEO-
DORE COGSWELL, Register Of Wills
for the District Of Columbia, Clerk
of the Probate Court.
Evening star., 1953-08-19
A. LUINI DEL RUSSO. Attorney.

UNITED STATES DISTRICT COURT
for the District Of Columbia. Hold
ing a Probate Court.-Estate Of
Sue Rice Brooks. Deceased. - No.
83, 179, Administration Docket 174
Application having been made
herein for letters Of administration
on said estate. by Lee Jefferson It
is ordered this 3rd day of August,
AID. 1853. that Mary Day, Merrill
Cook, Dorcas Randall. Richard Null
len, Emma M. Smith. Sue German
and all unknown heirs at law and
next of kin Of said decedent and
all others concerned. appear in said
Court on Monday, the 14th day Of
September. AID. 1853. at 1000
such application should not be
.ished in the Washington Law
Reporter" and 1.-THE Evening Star"
once in each of three successive
weeks before the return day herein
mentioned. the first publication to
be not less than thirty days before
said return day. Witness, the Honor
able BOLITHA j. LAWS, Chief
Judge of said Court. this 3rd day
of August, AID. 1853. (Seal.) At
test: MELVIN ]. MARQUES, Deputy
Register Of Wills for the District Of
Columbia. Clerk OF the Probate
Court. au5,12.19
Evening star., 1953-08-19
LEGAL NOTICES
FREDERICK A. THgEE. Attorney,

FREDERICK A. THUEE. Attorney,
Barr Building.
UNITED STATES DISTRICT COURT
for the District of Columbia, Hold
ing a Probate Court.-Estate Of J.
S3.S65, Administration Docket III.
Application having been made
herein for probate Of the last will
and testament Of said deceased, and
for letters testamentary on said
estae. by Theodore Theresa Aschen-
august, AID 1853, that Ermine W.
p. Martin, Aylette Martin. James
Philip Martin. Virginia K. Ausberg,
Will H. Martin and the unknown
heirs-at-law and next of kin Of j.
Letton Martin. deceased, and all
others concerned, appear in. said
Court on Monday. the 14th day of
September, AID. 1853. at 1000
O'Clock am, to show cause why
such application should not be
granted. Let notice hereof be pub
HShed in the ''Washington Law Re-
porter" and 1.-THE Evening Star"
once in each of three successive
weeks before the return day herein
mentioned. the first publication to
be not less than thirty days before
said return day. Witness. the Hon.
orable BOLITHA J. LAWS, Chief
Judge of said Court, this 3rd day Of
MELVIN j. MARQUES, Deputy Reg
lister of Wills for the District of CO.
lumbia. Clerk OF the Probate Court.
au5,12l9
Evening star., 1953-08-19
PERSONAL

PEEMANENE; EIYNN RSEtf4 e. sh1%pGS. ,a1 MaE &
wEDpiNG II Ding ANNOUNCEMENTS and
invitations; 24-hour service. STAN
LEY ADAMS PRINTING CO, 917
New York ave. NV. EX. 3-S54S.
CHEVY CHASE COUNTRY DAY
SCHOOL accepts children now, nurs-
tation and hot lunch. OIL. 2-9s73,
NEUTRALITY-SUSPICIOUS.. designs.
mers. 3139 N st. NV. Ho. 2-97l5.
SLIP COVERS beautifully tailored to
At your furniture;- free est. ROBERT
WHthE1ANf; TS S4 S1RsISa s1ss4l HOME. good
food and care. JU. 9-07S3. 90
DEAR JOHN. I'm making more money
than ever before, I reed 2 more
coed salesren who can make ever
5000 mo. Call me at ia. 9-3343 If
you are interested or know of good
FORMS DRSi AP; 81 0, 8. lob applications.
prepared and typed. Personnel coun-
selling. Exchange serv" ST. a56ls6 81.
MIMEoGRAPHING - 500 copies.
cI ExcaANas lesl sEsvfcE FSPlcE CO.. laf0 ssf3' (
PIANO TUNING and repairing; lower
price. better work. VICTOR GEORGE,
co. 5-7s70. day; XII. s-221S. eyes.
WILL GIVE CARE to 1 or Q children
in pvt. Falls Church home; by
Christian parents. JU. $3.50.
PRICES PAID for mems
used clothing. Call I. ZALIS. Ma.
$4,000. RIM. sos. 1919 ST.; NV.
LAWYER, registered con-
sulate. all Mexican legal matters
!1namnlgratlon; 1an EDMUNp CASIiLL0'
WEDDING ANNOUNCEMENTS AND
INVITAT1ONS-24- HOUR SERVICE
STANLEY ADAMS PRINTING CO.
6O2 E st. NV EX. 3o5SS54s
Evening star., 1953-08-19
ADMINISTRATIVE
ASSISTANT

Young, man, 1885 years Of age. to
nanole q varied assignment in our
accounting dept; 5-day. -40-hr. wk. /;
in addition to regular salary ad-
vancement. High school and busi-
ness school background. Bookkeep-
ing and credit experience are re-
quired. Apply Personnel, Room sos.
open weekdays, S:30-6, and Sat,
81. No phone calls.
THE EVENING STAR
1101 Penna. Ave. NV.
PART CLERK for service
dept and counter sales. Apply 10
Patterson st. ne. ST. 3-2777. Pa
AUTO-BRAkE MECHANICS HELPER,
young. white, energetic. eos y st.
AUTo BODY AND FENDER MAN
Combination man preferred with
plenty of experience; 5000 pay
plan with plenty Of work. Free
group. disqualification. Holidays and
shop and congeniai WORKING condi.
tions. See Mr.. Stafford at L. ?, SAT-
I'd. Silver Spring. Md. 20
AUTO BODY AND FENDER MEN
steady workers; $50 wk. guar. anc
S ot6er benets sasaaOn see :n RE- Mr Mi Minson SnS
PARKWAY MOTOR Co. INC. s04c
AUTO GAR PORTER to keep sSor
clean; must have D, C. permit. Fol-
Wash's largest Pontiac dealer. Ap.
ply ARCADE PONTIAC CO.. Mr.
Peers, 1437 Irving st. NV. "a
Evening star., 1953-08-19
AUTO MECHANICS

openings for several meh to work
In modern shop. excel. working con-
ditions. vacation with pay, company
b1t' pg n psrson mSss o asys Mr. refsffn'ss M 81 M
Heerson. MANHATTAN AUTO KAi-
NV. NO. 1900. -21
AUTO METAL MAN, white or colored.
aosDoN aof 8 'Gts Bros g aoTo S0 sSd Tssss st.
AUTSMobiIF HsISSs9 i HPd sMAL1kssiMAN-opsSaSine a rs
for one "top-notch" man 70 sell
full line Of Fords and used cars.
Demo. furnished free. Annual vaca-
tion with pay, year-end bonus and
other company benefits. Our men
ePtSg n2d veEH NE high s9sls Rei7 TTsnS hodAN
AUTOMOBILE SALESMAN, expert
enced, 'topnotch," selling full line Of
Ford cars. Also Q part-time men.
Excellent pay plan. vacation: bonus
plan; demonstration furnished. Only
@ need Dre0 apply. See Sc Hf' Mr.. White WI s@Saf at
LOGAN MOTOR. 63O1 Wis. aye.
AUTO I sHHIlEssiMAN-AttractiveC CTs open
ing for one experienced used-car
ton. Positively no outside soliciting.
If you are not averaging better
than S100 per week in your present
Job, come around before o pm. Bill
Mesgoda. AUTO WHOLESALERS,
INC, 1881 Bladensburg Rd. ne.
AUTO SALESMAN-opening for one
top-notch man, experienced, to sell
new Plymouth and Chrysler cars for
Washington's Oldest auto dealer.
Very liberal pay plan; demonstrator
furnished; must call in person. See
Mr.. Bayne. H. B.. LEARY Jr. &
BROS. NC. 1919 You st. NV. I'll
AUTO SALESMAN to sell used cars
for Washingtons oldest auto dealer,
handling new Plymouths and Chrys-
lers. Plenty of clean cars to sell.
Very liberal pay plan. Transporta-
ton furnished. Must call in person.
See Mr.. Bayne, H. B. LEARY Jr. &
BROS. INC, 1912 You st. NV.
AUTO statesmen t2) to sell the SEN
sational new Nash Airfiytes. Floor
plan every day, most liberal pay
plan, demonstrators furnished. See
me today and learn about this Won
derful proposition. Apply in person.
No phone calls please. Mr.. Stafford,
at L. P. Stafford, NASH, INC,
S507 Colesville rd., Silver Spring,
Md 20
Evening star., 1953-08-19
MANAGER

For bowling establishment. Good
salary and bonus. Experience not
necessary. Opening for asst. man
aRer also. Box 3h4-S, Star --2b
Evening star., 1953-08-19
WILLIAM r. FADLER, Attorney,
Union Trust Bldg.
Filed August 4. 1853. Harry M. Hull,

UNITED STATES DISTRICT COURT
for the District Of Columbia.-In Re
Application Of WILLIAM CARL
WURzBACH For Change of Name
Civil Action No. 35S5-'53.-WIL-
LIAM CARL WURzBACH, having
filed q complaint for q Judgment
CLEANSING his name to WILLIAM
CARL SCHROUDER and having ap-
piled to the Court for an order of
publication of the notice required by
law in such cases, it is. by the Court.
this 4th day of August. 1853.
show cause. II any there be, on or
before the goth day of August. 1858,
why the prayers Of said complaint
should not be. granted: Provided.
That copy Of this order be pub
lished once a week for three con-
secutive weeks before said day in
The Evening Star and The Wash
ington Law Reporter. US.) WALTER
TRuE n sAsTdA9N' snP9' TEsT: Tgsge' HaRR9Y iSsa9 MA
HULL, Clerk, BY ROBERT F. HAIR
RINGTON, Deputy Clerk.
Evening star., 1953-08-19
CLERK

The star has An opening for . young
man, 1888 yrs. Of age, to work
as o ledger and accounting clerk:
for accounts receivable routine. and
control. Some experience is desired:
O reasonable typing speed is re-
quired: .40-hr.. b-day wk. Apply
Personnel; Room sos; open $780,
THE EVENING STAR
11O1 PENNA. AVE. NV.
MAN, exper., with
drivers license. See Mr.. Palmer,
FRANK SMALL -Jr., INC, 215 Pa,
ave. s.e. Ii. 4-8247. 20
1st CLASS
Not over so. Prefer Job shop ex-
perience. Steady, permanent en-
ployment for qualified. sober men.
Apply
Stone Paper Tube Co.
900 Franklin st. NE.
Evening star., 1953-08-19
FURNITURE
SALESMAN

good salary and COM
mission. high ethical policy.
ATLAS, 921 G ST. NV.
WAREHOUSEMAN, ex-
perienced. white. under 40 yrs. Call
in person or telephone Mr.. Pinkus,
1E9p s0 ho:S9, ST1,adH I'm F62,1RSRSr H04 2SRS1
GAS as sTaT1oN Ia. bSFn naffsTiENDANrs, II e1Der,
men only. for fabrication and all
around station work. JE. 2-9S37.
LeCOMPTE'S ESQ SERVICE, 702
3. WASHINGTON st.. Falls Church. Va.
GAS STATION ATTENDANT and ALL
round man; must be exper.: good
pay. Apply 1908 Ga. ave. NV.
CLERK, experienced. Ap-
ply 1905 9TH st. NV. 1o'
Evening star., 1953-08-19
5. CHURCHILL ELMORE, Attorney,
Colorado Building.
Order of Publication.
Absent Defendant
Unknown Defendant.
Ftled AuR ~ 1Qk2 Harrv NJ TT,,I1

unknown Defendant.
FILED Aug. II. 1868, Harry M, Hull.
UNITED STATES sieEai P1srR1cr COURT
for the District Of Columbia.Wcivil
Aesion No, sSo1-5s.-qRAY PROP
PEvhsEEs PpEsvanslE vs. AND N9NKkGMN hGIENrxs sE1Es g.
dants.-oRDER OF PuBLIcATToN
The object Of this suit Is to remove
cloud on title to real estate situate
In the District Of Columbia known
as lot ~ square 1865, more par
Ssfen SfsSaTy On dfssSSsd motoa o, IN Ii. OaG
It Is this 18th day Of August. 1858
ordered that the defendant Henrietta
Uncles, II living cause her appear
ance to be entered herein on or
6efors the tortieth day. exclusive
occurring after the day of the first
publication Of this order; otherwise
the cause will be proceeded with as
in case of default. Provided,
copy Of this order be published once
week for three weeks in the
MashiingtSn Law Reporter and The
it is further ordered that defendants
Aiienees Of Abraham Young, John
Young. Alfred G. Haley. trustee.
Scott, Mary Magruder. Charles M. N.
Davis. Book B w. Wy Young g'' and
Henrietta Uncles. respectively, cause
their appearance to be entered here
in on or before the first rule day
occurring after the expiration OF
three months from the date Of the
will be proceeded with as in case
Of default. Provided, copy Of this
order be published twice q month
for three months in the Washington
Law Reporter and The Evening
Star before said day. (Seal.)
90 WALTER M, BASTIAN, Judge.
A true copy. Test: HARRY M.
HULL, Clerk BY HELEN K.
BENDURE, Deputy Clerk.
au19, ,26,se2, 9,oc7.14
Evening star., 1953-08-19
KING & NORDLINGER, Attorneys,
Southern Bldg.

KING g. NORDLINGER, Attorneys,
Southern Bldg.
UNITED STATES DISTRICT COURT
for the District of Columbia. Hold
ing Probate Court.-No. SO, ,342. Ad-
ministration.-This is to Give
Notice: That the subscriber. of the
State Of Virginia has obtained from
the Probate Court of the District
of Columbia. Letters Testamentary
on the estate of Francois Xavier
Borruat. somtimes known as Fran
co.'s X. Borruat, sometimes known
as Xavier Borruat. sometimes
known as Xavier F. Borruat and
also known as Xavier x. Borruat.
late of the District of Columbia,
deceased. All persons having claims
against the deceased are hereby
warned to exhibit the same, with
the vouchers thereof. iegally au-
thenticated. to the subscriber, on or
before the Sth day of February,
AID. 1854: otherwise they may by
law be excluded from AN benefit Of
said estate. Given under my hand
this 9th day of August. 1853.
HENRI P. HENRY, 1915 N. Freder-
lex St.. Arlington, Va. (SeaLl At
test: THEODORE COGSWELL, Reg
lister of Wills for the District Of
Columbia, Clerk Of the Probate
Court. au12.19.26
Evening star., 1953-08-19
MORRILL, B. sPAULDING, Jr.,

UNITED STATES DISTRICT COURT
for the District of Columbia, Hold
Administration.SThis is to Give
Notice: That the subscriber, Of
the District Of Columbia has OBJ
tanned from the Probate Court Of
the District of Columbia. Letters
of Administration, C.T.A. on. the
estate of Albert johnson Stowe,
late Of the. District of Columbia,
deceased. All persons having claims
against The deceased are hereby
warned to exhibit the same, with
the vouchers thereof. legally au-
thenticated. to the subscriber. on
or before the 27th day of January.
AID. 1854; otherwise they may by
law be excluded from all benefit
Of said estate. Given under my
hand this 27th day of July, 1858.
MORRIL B SPAULDING, Jr.. 726
Jackson Place NV. (Seal.l Attest:
THEODORE COGSWELL. REGISTER
Of Wills for the. District Of Co
lumbia.- Clerk of the Probate Court.
au5,12,19
Evening star., 1953-08-19
SALESMAN
SALESMAN

Clothing or sportswear. Experienced
Excellent opportunity to Join fine
mems speciality store. Splendid in
come. Pleasant working conditions.
Permanent. Apply to Mr.. Aiken.
GROSNER. 1925 st. NV.
SALESMEN--Air-c and heating
statesmen to cover established terri
tories liberal commission. SOLAR
HEATING CO.. IA. 7-4300 go
SALESMAN--Kitchen cabinet sales
engineer with proof of selling ability
Engineering background Experience
in designing and selling custom
kitchens desirable. Drawing acct.
KITCHENS. INC. for appt "a
SALESMEN-PART TIME
Men for storm windows and awnings
business: appointments furnished;
car essential; Alexandria and Ar
lington area. Call ia. 5-9197 for
appointment. lie
Evening star., 1953-08-19
SAMUEL b. BLOCK, Attorney,
1911 X Street, NV.
Filed August II. 1853 HARRY M.
HIJTJ, Ciark

-, .-x--. 1OA1j' NlcIk.
~ THE UNITED STATES DISTRICT
Court for the District Of Columbia.
AMELIA F. EBERLY, Plaintiff VS..
WILLIAM E. STRAUB, ct al. De-
fendants.--C. A. No. 14O-53.-
ORDER NISI.-Samuel B. Block,
trustee herein by order of this
Court. having reported to the Court
receipt OF a proposed contract con-
tanning an offer by Lewis Bell to
purchase the land described as par
GEL 23SL42, improved by premises
200 Southern. Avenue, Sc. in the
District Of Columbia. for the sum Of
Forty Thousand Dollars. (S40,-
OO0.O0l, all cash, subject to a
brokers' commission of Two Thou
sand Dollars t$2, 000.00), It is by
the Court this 18th day, August.
1858, ORDERED that said offer be
accepted and. the sale ratified and
confirmed unless cause be shown to
the contrary. or a higher offer for
Sald real estate acceptable to the
Court be made on or before the list
day Of September, 1853, at 1000
Am. in Motions Court at which
time higher offers will be con-
Sldered and objections to said sale
heard; provided. that a COPY of
Gnis order be published once in The
evening Star, and once In the
WASHINGTON Law Reporter, publica-
t1on to be made at least 10 days
peIore the aforementioned date. IS
WAITER M. BASTIAN. Judge.
Attest: A true copy: HARRY Nj.
HULL; Clerk. BY: HELEN K. BEN
DURE. Deputy Clerk. au10
Evening star., 1953-08-19
TRAVIS BROWN, Attorney.
MnneAv RIG~

UNITED STATES DISTRICT COURT
for the District of Columbia, Hold
ing Probate Court.-No. S3,269,
Administration is to Give
Notice: That the subscriber, of the
State Of Florida has obtained from
the Probate Court Of the District
OF Columbia, Letters TeStamentary
on the estate of Helen Brockett
Owen-Smith, late of the District of
Columbia, deceased. All persons
having claims against the deceased
are hereby warned to exhibit the
same, with the vouchers thereof,
legally authenticated. to the. sub
of January. AID. 1854; otherwise
they may by law be excluded from
all benefit of said estate. Given
Under 1,,iI my. my hand d,t this 25sh day Of
101 East Garden St.. Pensacola.
Fla. (SealD Attest: THEODORE
COGSWELL, Register of Wills for
the District of Columbia. Clerk of
the Probate Court auh 1219
Evening star., 1953-08-19

JULIUS ARONOFF. Attorney.
UNITED STATES DISTRICT COURT
for the District of columbia. Hold
ing Probate Court.-No. 50 $3.50, Ad-
ministration.-This is to Give No
tice: That the subscriber, of the
from the Probate Court Of the Dis
trict of Columbia, Letters Testa-
mentary on the estate. Of Helen N.
Kaye. late OF. the District Of Colum-
bia, deceased. All persons having
claims against the deceased are
hereby warned to exhibit the same,
with the vouchers thereof. legally
authenticated, to the subscriber, on
or before the 18th day Of February.
AID. 1854; otherwise they may by
lay be excluded from all benefit Of
this Iith day Of August. 1853.
JULIUS ARONOFF, 1406 g St..
NV. (SeaD Attest: THEODORE
COGSWELL, Register. of Wills for
the District of Columbia, Clerk OF
the Probate Court, aul9126, Se2
Evening star., 1953-08-19

AhOS. n. hE1NObDS, Attorney
613 18th ST.. NV.
UNITED STATES DISTRICT COURT
for the District of Columbia, Hold
ing Probate Court.-No. S3.353, Ad-
ministration.-This is to Give
Notice: That the subscriber, of the
District of Columbia has obtained
from the Probate Court Of the Dis
trict of Columbia, Letters of Ad-
ministration, C.T.A. on the estate of
Annette L. Walker. late of the Dis
trict of Columbia, deceased. All
persons having claims against the
deceased are hereby warned to ex-
hibit the same. with the vouchers
thereof. legally authenticated. to
the subscriber. on or before the sth
day Of February, AID. 1854; other
wise they may by law be excluded
from all ,benefit of said estate.
Given under its hand this 9th day
OF August, 1853. THE NATIONAL
METROPOLITAN BANK OF WASH
INGTON, BY: j. L. SHELDON. Trust
Omcer. (Seal.l Attest: THEODORE
COGSWELL. Register of Wills for
the District of Columbia, Clerk of
the Probate Court. au12, 1925
WILLIAM F. FADLER. Attorney,
Evening star., 1953-08-19
iEoFFREX 6d T.. CREYKE. GRE EI. j;;.; III; Attorney

NGOA A6 ShL me- JI.s hbtOIucys
400 Washington Building.
UNITED STATES DISTRICT COURT
for the, District Of Columbia: Hold
ing Probate Court-No. S3,379, Ad-
ministra ation.-This is to Give No
tice: That the subscriber, Of the
District of Columbia has obtained
from the Probate Court Of the Dis
trict. of Columbia. Letters Testa-
mentary on the estate of Warren
Otis Biggs, late of the District OF
Columbia. deceased. All persons hav-
ing claims against the deceased
are hereby warned to exhibit the
same, with the vouchers thereof
legally authenticated, to the SUBJ
Scriber. on or before the 11th day
of February. AID. 1854: otherwise
they may by law be excluded from
all benefit of said estate. Given
under my hand this l1th day OF
August. 1858. ESTHER HAMAl
B1GGS, 631S 31st St.. NV. lSeal.
Attest THEODORE COGSWELL
Register of Wills for the District OF
Columbia, Clerk Of the Probate
Court. au19.26.se2
Evening star., 1953-03-27

stockholders to those of the COM
pany and its management.
8. It is beneficial to common
stockholders for a company to
restrict dividends in order to
purchase common stock for re-
tirement, thus raising the earn
ings leverage and the ultimate
dividend potential per share of
remaining common stock.
9. Because the average divi-
dend-paying share traded on the
New York Stock Exchange be-
tween October, 1851, and Sep
tember, 1852. yielded about 61a
per cent a year, this is the maxi
mum return that a reasonably
well valued common stock should
yield today.
10. A stock dividend is never
an adequate substitute for a cash
dividend.
II. Stock dividends and stock
splits have no essentially differ
ent effects upon the investory.
Index for Future.
IL. The average proportion of
earnings paid out in cash divi-
dendS over a period of years is
a safe index of future dividend
policy.
13. The same principles that
govern dividend declarations in
public utilities apply equally to
manufacturing companies.
IA. 1t is preferable, for a short
period, to under-depreciate or
under-maintain property than to
reduce or eliminate dividends.
Is. The earnings statement,
not the balance sheet, is the true
measure of the dividends a COM
pany can afford to pay.
These fallacies. according to
Institute President jackson Mar
tindell, represent "a virtual my
thology of investment lore"
"The prevalence of such ideas
indicates the need for share
holder education by manage
ment," Mr.. Martindell said.
whenever a change is made in
dividend policy, the reasons be-
hind it should be explained to
the stockholders and the public.
Responsible management Ger
tainly explores every circum-
stance before taking action. Why
not go one step further and ex-
plain these factors to the share
owners? The more they know
about the why's and wherefores
OF board actions, the more likely
they are to support the manage
ment through thick and thin"
The report showed that the
fallacies are encountred, not only
in the questions asked by inves-
tors, but also in presidents mes
sageS to stockholders and in Sc
curity analysts reports.