davidaulloa/AmericanStories huggingface dataset:
Evening star., 1953-07-02
individual TotuIs Given
Total S1.a1" s37 ,o5a 81 .e"t .a76.4a'
Issue Designed for Bunks

Banks are expected to take
about two-thirds of the Treas
uryS offering of $5.5 million to
Sc million of tax anticipation
certifications of indebtedness
next Monday. Treasury officials
said last night.
However, they are expected to
resell large part of their hold
ings later to corporate CUSTOM
ers as an investment for tax re-
serves, it was said. A third Of
the offering is expected to go
directly to non-bank investors.
In a sense the banks will un.
derwrite this offering, an Official
said.
The certificates will be sold
at par and carry an interest rate
to be determined later this week.
They will be dated July Is and
will mature March %, 1854.
They will be receivable at par
plus accrued interest to ma
turity in payment of income
taxes due March Is, 1854. They
may be paid for by credit in
Treasury tax and loan accounts.
This will be the first tax cer-
tificate issue of the Treasury
since 1884 and the largest in it's
history. Certificates were used
effectively, however. in World
War I and in the l92Os.
The issue is expected to per.
NIT use of funds, which ordi.
narily would not be available for
private loans and will enable tho
Treasury to even out receipts.
Under present collection
methods, 70 per cent of the
taxes are collected in the jan
uary-June period.
Telephone Chief Honored
H. Randolph Maddox, presi-
dent of the Chesapeake & Po-
tomac Telephone Companies, has
been elected president of the
Pioneers Of America, an organic
Evening star., 1953-07-02
Deficit
CONTINUED From First Page }

Continued From First Page.)
nearly $3.5 billion more than the
$5,896, 100000 deficit Mr.. Truman
estimated.
4. The public debt rose from
$3.50, los, ,178.785.53 to 1886, ,O71,-
061, ,638.57. The present legal
debt ceiling is $275 billion.
S. The Governments cash bal
ance-the ready cash it keeps in
banks around the country as a
working fund to meet daily bills
sank during the year from
Sc, ,968. 1927 ,604.31 to $4,670,248,-
248.06. Only because the admin
istration lowered the balance by
$2,299. 100000 to pay bills instead
Of borrowing, the debt was kept
from increasing that much more
than it did.
Receipts Short of Mark.
Since spending during the year
came out within an eyelash of
estimates. it was the drop of re-
ceipts below calculations which
boosted the deficit to it's highest
point since World War II.
A Treasury spokesman said
last years steel strike, cutting
into corporation profits, was a
factor. Others, he said, were a
substantial fall in personal in
come tax payments under pre-
dictions, and speeded-up return
Of tax over-paymentS.
Senator Byrd said he has sug-
gested that the Treasury make
an inquiry into why Federal
revenues have not come up to
calculations.
II don't know what the ex-
planation Of this is, but I think
Congress ought to know the
cause before it acts on revising
taxes" Senator Byrd said.
The Treasury announced yes
terday it expects to borrow be-
tween $5.5 and Sc billion in tax
anticipation certificates next
week to take care of the deficit
for the first quarter of the new
fiscal year. Details of the offer
ing are to be announced later,
probably tomorrow.
Reserve Levels Reduced.
The new bond issue was fore
Shadowed last week, when the
Federal Reserve lowered reserve
requirements for members by an
amount calculated to increase
their lending power by about Sc
billion. E
The object of the move was
to make it possible for the bank
ing system to lend the Treasury
the money it will need in the
next few months, while still re-
tanning enough credit to meet
the needs Of private borrowers.
The only part of the latest de-
velopment which came as a sur
prise to financial circles was the
decision to float the new loan in
the form of Short-term securities.
The announced policy of the
Eicnnh0uynr odv1oinictro f;no hoe
been to shift the public debt as
rapidly as possible into long-term
bonds, which are easier for the
Government to manage and are
considered less inflationary in
their effect.
The forthcoming tax antici-
patton certificates. like the more
often used tax anticipation bills,
are q method of collecting taxes
in advance by selling a Treasury
Evening star., 1953-07-02

in September for it's 28th annual
general assembly, has a mem
bership of more than $4,000.
of which about $4,000 are hon.
orary life members who have
retired from active telephone
service.
Acacia Promotes Two
William Montgomery, presi-
dent of the Acacia Mutual Life
Insurance Co., announced two
important promotions yesterday.
Mrs. Katharine Carper, formerly
assistant comptroller, has been
made assistant to the president
and Hilbert Browne, formerly as
sistant to the comptroller. has
been promoted to assistant
comptroller.
Mrs. Carpenter, who has been
associated with Acacia since
1917, is we'll known throughout
the entire Acacia organization
and her background of expert
ence in both home Office. and
branch Office matters admirably
qualities her for this new assign
ment. She resides in Mclean,
Va.
! Mr.. Browne, who next year
celebrates his Goth anniversary
as an Acacian. is a graduate of
Benjamin Franklin University
and holds masters degree in
commercial science. He resides
at 610 orchard way, Silver
Spring, Md.
Committee Chiefs Numed
Appointment of committee
chairmen to direct association
activities in the 1953-54 season
was announced today by A. L,
Jagoe. president of the District
Association of Insurance Agents.
They are:
Program. J. Douglass Wallop,
jr.;; legislative. Edward K. Bach
schmid: safety and fire preven-
ton. Huntington T. Block; ma
tional association, Victor o.
Schinnerer: education, Charles
r. Barker, jr:: speakers bureau,
William A. d'Espard; casualty, r.
Kelvin Shivers: f1re-rating bu-
reau, Victor o. Schinnerer, chair
man. and Maury Young, vice
chairman; membership and at
tendance. Joseph L. B. Murray.
jr.. and advertising and publicity,
Herbert M. PaseWalk.
Evening star., 1953-07-02
New Equipment Added

An overhead travelling crane
Of latest design has been in
stalled in plant No. of the
Fred S. Gichner Iron Works,
Inc, and several large new pieces
of equipment, including a me-
dium-capacity bending and
shaping machine, have been set
up in the company's main plant
at Twenty-fourth mad M streets.
The new bending machine
supplements a very heavy duty
tool previously in operation. All
of the new equipment, according
to company officials, will speed
production and increase operat-
ing efficiency.
Evening star., 1953-07-02
II U. 5. Commerce
Offices 10 Close
BY the As.eeiotod Press

Secretary of Commerce Weeks
has ordered the shutdown July
81 of" II of his departments 42
field offices over the country. He
said it will save 100000 a year.
The Offices to be closed are
at Baltimore. Louisville, Milwau-
kee, Oklahoma City, Omaha,
Salt Lake City. Hartford, Conn;
Butte. Mont; Ell Paso, Tex: Mo-
bile, Ala. and Providence, r. I.
Mr.. Weeks hammered on the
economy theme in addressing
several hundred of his division
Evening star., 1953-07-02

10 oIAOA VI AlCu
and W o m e n
W no h a v e
S e r V e d 2 l
years or more
in the tele-
phone indus
try.
Mr.. Maddox
S u c c e e d S
w lila m A.
H u g h eS of
Newark, N. j.
The aSSoci-
alton, which
will meet in
Atlantic City
Evening star., 1953-07-02
Foreign EXCHANGE

NEW YORK, July lR.-Foreien
exchange rates follow Great Britain
dollar in New York open market !:
per cent premium or IOO.56I4 United
States cents on 1882 of q cent.
Europe: Great Britain (pound)
~. ls, unchanged; Great Britain 40
day future. 2:81iss. unchanged: Great
Britain 6O-day futures, 2.SI, unclaimed; !;
Great Britain 90-day futures, 2 sos.
UNCHANGED; France Cfranc1' .2Sss Of
g cent, unchanRed: Holland (guilder5.
26.34, UNCHANGED; Italy uira), .16h of
z cent. UNCHANGED; Portugal (escudol.
800, unchanged: Sweden (khonaI 10. .35
Hnchanged; Switzerland francI free),
23.3 "a, unchanged; Denmark (krone)
a. ;52. unchanged.
Latin America Argentina (free)
7.24. UNCHANGED: Brazil (freel. 3.35.
UNCHANGED; Mexico. 115S UNCHANGED:
Venezuela (bolivar), 30.O3. unchanged
unChanRed ''
Evening star., 1953-07-02


security which natures about
when corporations must pay
taxes and which can be used in
lieu of cash for tax payments.
Mr. Humphrey has said the
Treasury will need to borrow
from So to $12 billion in the
present fiscal year. A Treasury
spokesman told reporters yeSter-
day this would. about November
or January, push the public debt
hard against the present legal
debt ceiling of $275 billion. He
said there had as yet been no
decision whether to ask Congress,
before it recesSes, to raise the
ceiling.
Evening star., 1953-07-02
'CoI|usion' CHARGED
To Big Oil Firms in
Gasoline Price Rises

Charges that the recent gaSo-
line price increases were the re-
suit of artificial scarcity and
"collusion" on the part of the big
companies were made yesterday
before the House Commerce
Committee.
Chairman Wolverton declared
that State agencies formed for
the conservation" Of oil re-
sources "can and have been"
used to fix prices on oil and gaso-
line.
Moreover. the State agencies
which curtail production are
largely under the control or in
fluence of the 'integrated" oil
companies. according to testi-
mony Of Paul E. Hadlick, counsel
of the National Oil Marketers
Association.
The State agencies have form
ed an Interstate pact and pro-
duction quotas are assigned to
various regions. Mr.. Wolverton
told reporters II don't hesitate
to say that this system has been
used to Ak prices. You can't re-
duce production without it hav-
ing an effect on price"
Prices Increased Twice.
Prices in Washington, like
those in most Eastern Seaboard
States, have risen twice in the
last few weeks. In addition,
fuel oil has gone up.
These points were brought to
the attention of the committee
by jobbers, wholesalers and q
spokesman for gasoline retailers.
Other testimony was received
yesterday from representatives
Of the airline, bus, truck and
rail industries, who said the new
price schedules would seriously
affect the cost of their opera
tions.
Mr.. Wolverton said the recent
price jumps follow a period of
successive cutbacks in the
amount of domestic production
allowed and have come at the
very time that stringent reduc-
tion Of oil imports is being
urged"
The chairman said his COM
mittee wished to learn if the
State agencies, and especially the
Texas Railroad Commission.
have manipulated" production
rates to keep oil supplies below
the demand.
Profits 1000 Per Cent.
Mr.. Hadlick attributed the
price increases to "collusion"
among the integrated companies.
He said these companies have
seen their profits after taxes in
crease from 300 to over 1000 per
cent since 1910.
The witness said that from
Washington on East and North
east the entire supply of oil and
gasoline is controlled by a COM
bination of big companies. He
said jobberS and wholesalers
either dealt with them or went
out of business.
Mr.. Hadlick revealed he had
asked the Department of Justice
to investigate the combine under
the antitrust laws. but had re-
ceiVed only a negative reply.
"All the integrated companies
have to do" the witness said, "is
Ito 60 down to Texas and get
production cut back. and prices
will go up accordingly"
The committee next week will
hear from spokesmen for the big
oil companies. w..
Evening star., 1953-07-02
Metal Quotations

NEW YORK, July 2 R.-spot non
ferrous metal prices today Copper. 29s4-
30 cents Q pound, Connecticut Valley
Lead, 131a cents q pound. New York
Zinc, IL cents q pound, East st. Louis
Tin S91a cents q pound, New York Al
Pittsburgh. scrap steel No. /, heavy,
was quoted at 43.00-44 90.
Evening star., 1953-07-02
Post Offices in japan Busy

TOKYO.-United States Army
post Offices in Japan sold more
than SAL million worth of money
orders and more than $4.5 mil
lion worth Of stamps in the past
two years.
Evening star., 1953-07-02
Telephone Chief Honored

II. Randolph Maddox, presi-
dent OF the Chesapeake & Po-
tomac Telephone Companies, has
been elected president of the
Pioneers of America, an organi-
Evening star., 1953-04-23
$50 Orig. sos to 8.95
Budget Dresses

Misses! Women! Snop these up quick!
Roycn tissue foiIles, erepes, eottons and
prints in dressy or toiIored styles. Z to 20;
l4h to 22h In the group.
Budget Dresses, 3rd Floor Meszdnine,
Washington Only
Evening star., 1953-04-23
BUDGET DRESSES

IS Misses and Women's Dresses,
royon crepes, toffetos, prints,
royon tweeds; black, navy, pos
tells; II to 20, l4h to 22h
In the group
Evening star., 1953-04-23

Washington Only!
LUGGAGE
Shopworn in some coses {. others are discontinued
potternS. ALL however, in seNieeoble, condition.
Were NOW
IL Women's Convos Covered
Wardrobe Coses --- 225o 500
Mems Cowhide Foursuiters 5000 1850
! Blue Leather Fitted l8-in.
Overnight Cose ---- 5000 1889
Womon's Blue and White
Wardrobe Cose ----- 445O 20.e9
7 Assorted Fonnous- Make Won- Soto
ems Wordrobes ----------- 44.5O 1899
! Grey Convos Womon's Pull
mon cose --------- $3.50 1899
| Toperoin Cowhde 26-in. Pull
man Cose - 5000 2499
Aneo Eorhort Hot and Shoe
Case $3.50 1899
3 Black Gobordine Troin Coses- 1000 799
z Amelia Eorhort Overnight and
Weekend Coses - $500 1899
z Toperon Cowhide overnight
ond weekend coses -- 5000 1899
! Toperoin Cowhde 24-in Pull
mon ------------------- 5000 zo.ss
Mems Leather 2l-in. Compon-
ion coses -------------- $500 ss.77
4 Women's Leather Jewel Coses $500 800
'ALL PRICES PLUS TAX
The Hecht Co., Street Floor,
Washington Only
Evening star., 1953-04-23
Orig. 1895
Mems Robes
Originally 3.99
Mems Sport Shirts
1.99

Well-toilored lone-sleeved
royon sport shirts for yeorl
round wear. Two-Woy col-'
lors ond breost pocket.
Chiefly in popular plain
eoIors. Small, medium. me-
dunn large and large.
Street FL, Washington,
SilUer Spring and
PGrkington
Evening star., 1953-04-23
WoAAEN'S DRESSES

IS One and Two Piece Royon Crepe
Dresses, navy and black; l4h
to 24k in the oroup-----
Third Floor, W1Shinqto
Evening star., 1953-04-23
59c to 98e
Ameritex* and
Other Cottons

49e Yd.
. Sold Nugget Lawn
. Provincial Prints
. All pre-shrunk and
completely washable
. Sold Nugget BroodcIoth
. Decorator Designs
REG. U. s. Pat on.
Street f., Washington
3rd f., SilUer Spring
and PARKington
Evening star., 1953-04-23
2.98 Imported
Swiss BotiSte
0Qe Yd

Imported from Switzerland
and exclusive with The
Hecht Co. in Washington!
Hond-screened printed bo-
tiste. 54" wide. 1s-yd.
makes 4 beautiful kerchiefs.
For bIouses. neeIieees, too.
Street F., Washington;
3rd Fl., SilUer Spring
& Pdrkinqton
Evening star., 1953-04-23
Orig. 55e to 75e
Mems Hose
l0e

Famous make, onkle-Ienoth
hose. In the lot ore eottons.
isles, royons, ootton-ond-
royon blends. Links, cobles,
clocks, fancy potterns. Sizes
lOH to l3 in the group.
The Hecht Co., Street
Floor, Washington Onlyl
Evening star., 1953-04-23
PRICES HIT ROCK BOTTOM
ON INEANTS' EuRNlTuREl

4 Fomous-moke Folding Corri-
ooes; chrome pusher handle,
no-tip foot broke, blue or grey
5 Fomous-moke Folding Corri-
ooes, padded rails, extension
front, easy rolling II" wheels
4 Fomous-moke De Luxe FOLDING
Corrioees, foot brake with
double sofety stond; white
tires. II" wheels, chrome
Pusher, springs, shockles and
legs
IA Famous Kontwet Crib Mot-
tresses, some hoirtop, some
lotex top over innersprine; wet
proof ticking ------
End Floor, WASHINGTON S
Evening star., 1953-04-23
MISSES SPoRTSWEAR

10 AIl-wooI Sweaters, pull-on
styles in dark colors; "a to
38 in group
80 Wool, Corduroy, Royon Tof-
feto and Brocode Skirts; slim
and flored styles
10 Pure Wool Knitted Suits,
two-Piece styles; broken COL
ors and sizes --
Third EIona. IIInoh in
Evening star., 1953-04-23

Just so! Clearance!
22.50 Gym Set
1899
Steel gym set hos z swings,
q poir Of rings, tropezs bar
and q ladder for climbing.
3rd FL, WASH; 4th FL,
SilUer Spring, Pdrkington
Evening star., 1953-12-25

!, 5,OO0th Issue Published
Britain's Methodist Recorder,
started in 1851, has just printed
its 5,OOOth issue.
Evening star., 1953-12-25
CAB Asks Mail Rate
Cut on Two AirIines
BY the Associated Press

The Civil Aeronautics Board
has proposed a cut from So to
As cents a ton mile in the rate
of payment to National Air
lines and the domestic system
of Northwest Airlines for car
rying mail.
The board also proposed yes
terday to reduce the rate for
four other trunk lines-Capital,
Western, Braniff and Delta-to
IS cents over all competitive
routes but to increase the rate
correspondingly over the non
competitive segments.
The result would be to re-
duce annual payments to Ma
tional and Northwest by $425,-
600, but to continue to provide
the other four airlines with the
current average rate Of So cents
a mail ton mile. A ton mile"
is the movement of one ton one
mile.
The six airlines had asked for
the lower rate in order to COM
pete on equal basis for air.
mail shipments.
The Post Office Department
recently announced it would
send airmail, on competitive
routes. over the air lines having
the lowest rates.
Evening star., 1953-12-25
BY the A.soeiassd Press

GLEN ROCK. N. j.. Dec. U.s.
Santa Claus, his sleigh and rein
deer, and all Of his helpers have
been told to get out Of town
and stay out.
This has distressed one Of his
chief supporters here so much
that legal action Is being threat
ened and viii ego all the way to
washington Il necessary"
The controversy raging in this
residential Bergen County COM
inunity started about is years
ago. A
Carl LOven, an architect who
has . big corner plot, set up his
11rst Christmas display. It con-
sisted Of figures of Snow White
and the Seven Dwarfs.
In the Intervening years, Mr..
Lsoven has made figures in his
shop Of Santa, church scenes
and story book and fairyland
characters. Now, this year, his
Evening star., 1953-12-25
Tale Of Good Will:
Lewis and Garner
Forget Old Hostility
~ Inc Associassd Press

UVALDE, Tex, Dec. 25.This
Christmas has turned up q story
=of good wiz between two former
bitter enemies - John L. Lewis
and John Nance Garner.
/ Under the pecan trees where
his chickens. pheasants and
turkeys feed. the 85-year-oId
Garner may meet the old labor
leader who In 1897 called him q
labor batting. poker playing,
whisky drinking. evil old man."
Mr.. Garner told o Uvalde re-
porter today, "If Mr.. Lewis stops
by Uvalde he win be welcome. "
y Recently In washington Mr..
Lewis told q friend Of Mr.. Gar
ner that he wished the former
Vice President well and hoped
he Is enjoying the fun years Of
his age.
"TeIl him, the next time I
drive to California I would like
to stop ut Uvalde and visit with
him." Mr.. Lewis said.
Evening star., 1953-12-25
BY she Assoeiassd Press

LOS ANGELES, Dec. 25.--
Chester Conklin. who vowed
silent filln fans as . WaIrus-mlis-
tached Keystone cop, wound up
his nth season as Q department
store Santa Claus yesterday .
bit sore In the back but still
liking the job.
OF course he'd prefer acting.
''But things are kind Of slow In
the picture business" he ad-
mitted.
playing santa's . nice job. !"
Mr.. Conklin, nearly 66. told an
interviewer. 'The pays pretty
fair. They treat me nice. And
! like kids"
Mr.. Conklin once earned So
500 week as q frantic. dour-
faced cop, racing trains and wip-
ing pie from his face.
His fortune, vanished Ia the
Wall Street crash. He rooms
and boards now in Q cheap hotel,
he said, adding: TITS near the
Evening star., 1953-12-25
YuIe Shoppers Spend
More This December
Than Any Other Year
BY the Associated Press

NEW YORK, Dec. 25.-Christ-
mas shoppers spent more money
in December. 1853, than IN any
previous yuletide season, Dun g.
Bradstreet reports.
Basing it's conclusion on a
preliminary survey of shopping
trends in 38 States, the agency
estimated that the present
Christmas shopping season will
result in total retail volume of
about $17.3 billion for Decem-
ber-about / to 3 per cent
higher than the total for De-
cember, 1852.
This would put total, retail
volume for the year to q new
high of $172 billion, about
5 per cent higher than the
previous record of 1852.
Dun & BradStreet pointed out
that December retail volume in
the East and New England was
close to but not above last years
level. The newspaper strike in
New York, a delivery truck driv-
ers' strike in Pittsburgh. rising
layoffs in manufacturing and alb
normal warm weather were cited
as reasons for the lag. Biggest
gains were reported in the South.
Southwest and Pacific Coast
regions.
Disbursement Of 81 .033. 900. 600
In Christmas club savings
new high-helped bolster buy
ing at the start Of the season,
but shoppers enthusiasm was
dampened by unusually mild
weather during the first few
weeks. Shoppers tended to be
more price-conscious, it was
pointed out. Suburban stores
chalked UP more favorable year.
to-year gains than big city de-
partment stores. Sales Of outer
wear Jagged as shoppers waited
for poSt-holiday promotions.
Evening star., 1953-12-25
New Jersey Town Would Gust
Suntu and All His HELPERS

large sunken garden has about
125 figures.
The display Is Illuminated at
night. He estimates that over
the holiday season, between 1885, :
600 and 10000 persons from
miles around come to view the
spectacle.
And that's where the contro-
versy comes in.
The Mayor and Board Of CoUn-
Gil have termed the display O
nuisance, particularly from o
trafac and parking point Of view.
So Mayor Frank Demarest wrote
q letter to Mr.. LOven. which read
In part:
"It Is understood this win be
the last year for the display and
you viii discontinue it after
Christmas. It Is q serious trafic
problem, q nuisance to your
neighbors and o very sizable ex-
penSe to the borough"
Mr.. Loven countered by plac-
Evening star., 1953-12-25
Prayer Indispensable
Part of Faith

AS religious faith is the
foundation of free government,
so is prayer an indispensable
part of that faith.
Tonight, richly endowed in
the good things of the earth,
in the fellowship of our neigh
bors and the love Of our fam
lilies, would it not be fitting
for each Of us to speak in
prayer to the Father of allmen
and women on this earth, of
whatever nation, and of every
race and creed-to ask that
He help uS-and teach us
and strengthen us-and re-
ceive our thanks.
Evening star., 1953-12-25
ing . sign BY the display which

ing . sign BY the display which
reads:
'Sorry. folks. We've really
had a lot Of FUN putting on this
display for Is years, and watch
ing you all enjoy 1t. But it
seems Santa's sleigh is blocking
traffic. 80 with great regret. and
best wishes for many future holi-
days wherever you may be-"
Mr.. Loven has referred the
situation to his attorney, who is
quoted as assuring him the bor-
ough cannot force him to dis
continue the display.
But. he adds. he'll institute no
formal legal PROCEEDINGS as yet.
Public agitation over the dis
continuance order. he believes,
win force the municipal authcri-
ties to change their minds.