davidaulloa/AmericanStories huggingface dataset:
Evening star., 1953-05-11

leader stressed that Govern
ment's cautious approach to the
problem" should serve as an as
surance of sound credit man
agement.
Mr.. Catharine, who is presi-
dent, also, of the Dollar Savings
Bank of the City of New York,
spoke at the opening Of the Asso-
cations 33d annual conference.
A message from President EiSen-
hover, read at the conference,
alluded to the "heartening and
helpful factor" of record deposit
figures Gin our battle against in
fiation." Practically all of the
top executives of Washington's
mutual savings banks were
among the more than 900 bank
ers who heard both messages at
the Shoreham Hotel.
Commenting on interest rates
and current conditions in the
money market. the New York
banker said: For the economy
as a whole, the current trend
toward higher interest rates
should help to curb inf1ationary
tendencieS and to keep our
economic system on an even keel
in the years that lie ahead.
Policy Called Sound.
IT think I am safe in saying
that the present transition to
higher interest rates largely re-
suits from measures consciously
taken by those in our Govern
ment who have supervision of
our debt and monetary policies.
1t seems to me that they have
moved with caution, after care
full study and analysis of the
factors involved and the con-
sequences to follow. Their
cautious approach to the prob
lem, and their obvious aware
ness of the difficulties of their
task. should give all of us con-
fidence that they will handle
with care the sensitive controls
of the machinery of credit man
agement."
To Mr.. Catharine's mind, the
conference was assured "the pic
ture is encouraging and full of
promise for the future"
AS to the associations own af-
fairs, the banker told the confer
ence that competition for the
savers dollar is increasing. and
that large part of this COM
petition, as far as savings banks
are concerned, comes from COM
mercial banks.
I'VE do not object" Mr.. Cath
Evening star., 1953-05-11
Corporation Profits
Decline. 1OPct. While
Sales SET Record

Corporation profits dropped 10
per cent in 1852 while sales
climbed to a record, two Govern
ment agencies have reported.
Another agency said the Ma
tion's 13.439 insured commercial
banks chalked UP a 9 per cent
increase in profit during the
year.
The Federal Trade Commits
sion and the Securities and Ex-
change Commission issued a
joint report disclosing that
profits Of manufacturing cor
porations after taxes were esti-
mated at $10.7 billion, 10 per
cent below 1851. Sales rose 2
per cent over 1851, reaching a
record high of $25O.2 billion.
The two agencies estimated the
net worth Of all manufacturing
corporations at slightly more
than sos billion at the end of
1852.
The Federal Deposit Insurance
Corp, reporting on all banks
where the depositor is insured
against loss up to $4,000, an
nounced that their total income
reached a record $5,076, ,000. 900
in 1862. Net profits after taxes
also reached a record 1890 mil
lion. Total income in 1852 was
II per cent higher than 1851.
FDIC Chairman H. E. Cook
said the most striking earn
ings development in commercial
banks was the growth in income
from loans. which were Is per
cent greater in 1852 and two
times greater than in 1850.
Evening star., 1953-05-11
Savings Banks Chief Halls
Move to Higher Interest Rates

arine said, ito increased COM
petition from commercial banks
for thrift accounts. We feel quite
able to hold our own in that
field. What we object to very
strenuously is any attempt on
the part of the commercial banks
to restrict our growth in our own
field. That is just what the
commercial banks are attempt-
ing to do"
Despite competitive problems.
he said this has been a banner
year" for savings banks. On
April 1, 1853. deposits reached
the record total Of $23.1 billion,
a gain Of $1.8 billion or 8.4 per
cent for the preceding IL
months. This gain, he said, is 81
per cent greater than the gain
for the first quarter of 1852.
Eisenhower Sends Message.
Gen. Eisenhower's letter praised
mutual savings banks highly for
the important role they have
played in the Nations economy.
He quoted deposit figures as
mentioned, streSsing they are
more impressive" when added to
them is the fact that in March
they represented 35 per cent Of
all time deposits made in this
country.
This tendency towards in
creased savings has been a most
heartening and helpful factor in
our battle against inflation." the
President said. 1T has also,
am quite sure, brought measure
less benefits-and a strengthen
ing sense of security-to the mill
lions of individuals whose savings
are represented by these en-
couraging statistics"
Accountants to Meet.
The District Chapter of Amer
ican Society of Women Account
ants will meet Wednesday in the
Ambassador Hotel at 6 pm. to
hear" Mrs. Mamie l.. Mizen. honor
guest, speak on Budgets" She
is presently on the staff of Sem
ator Hunt, Republican, of Wyo-
ming. For the last three years
she has been assistant clerk Of
the Senate Appropriations Com
mittee, working on supply bills
for the District and the inde-
pendent executive offices.
Mrs. Mizen has had other ex-
periences in work at the Capitol
and is active in the Business and
Professional Women's Club and
for two years was administra-
tive assistant to the director of
public welfare of the District.
The Credit Union National AS
sociation held its annual conven-
tion last week in Atlantic City.
N. j., with some 700 delegates
from more than $4,000 credit
unions attending.
At a meeting of the National
Association of Managing Direc-
tors. Albert W. Marble of Detroit
was elected president of the
credit union leagues of the
United States and Canada. He
succeeds Clarence E. Murphy Of
Oakland, Calf. Thomas L.
Landers of the District of CO.
lumbia was elected treasurer.
Others included Sidney Stahl Of
New York, first vice president;
H. l.. Peterson of Dodge City.
Kans.. second vice president, and
Robert Ingram of Toronto, sec
retary.
Evening star., 1953-05-11
Gen. Vondenberq in Mexico

MEXICO CITY, May II (R.-
Gen. Hoyt Vandenberg, United
States Air Force chief Of staff.
arrived yesterday ito visit my
old friends in Mexico" He was
entertained at dinner by Gen.
Antonia Cardenas Rodriguez,
commander of the Mexican air
force. He Is on a tour of United
States air missions In Latin
Arnerica
Evening star., 1953-05-11
Pet Monkey Breaks Loose,
Bites Girl, I, on Lea

Moses, q ring-tailed monkey.
broke loose from his cage yester-
day and nipped a 7-year-old girl
who was on her way home from
church.
Police said Ilene Epstein, Z, of
472l Colorado avenue NV, was
bitten on the left leg. Moses.
who belongs to Mrs. Helen Yer
Standig. Of 4724 Seventeenth
street NV. was recaptured by
Lucy Washington, a maid at the
Ver Standig home.
nene was treated by q private
physician.
Evening star., 1953-05-11

In future years
was voiced to-
day by Robert
M. Catharine,
president of
the National
Association of
Mutual Saw
ings Banks, in
session here.
While many,
he said, may
have doubts
and perplexi-
ties" during
this period.
he honk
Evening star., 1953-05-11
By Nelson M. Shepord

Confidence in the present tran
sition to higher interest rates as
q means Of helping to curb in
flation and stabilize the economy
Evening star., 1953-05-11
Steel Export Drops

Sharper competition from
other Western Europe producers
is blamed by Bonn for q decline
! in West German steel exports.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
Governor and Mis- Oil
Board Head Fail To See
Eye TO Eye On 'TideIands'

Last week in New Orleans while
attending an interstate oil compact
meeting Gov. Aronson spoke out
in support of the congress making
gift of off-shore oil reserves to
three coastal states, although adj
hitting he was not we'll versed on
this most controversial matter.
The Governor said: 81 believe we
should get away from federal con-
troll and one reason | am attending
this meeting is to learn more about
the tideland question"
Taking a Numerically opposite
position on disposition of off-shore
oil reserves was Ken Byerly, pub
Usher of Lewistown Daily News,
whom Aronson recently named
chairman of the newly-created Oil
and Gas Conservation Commission.
Byerly, also in attendance at the
New Orleans meeting, has made
an exhaustive study of the so-called
"tidelands" oil question over the
past several years. Just last week
he editorially doubted the wisdom
of Cong. D'Ewart' contention that
hackers of continued federal own
ership of off-shore oil seek g.
to take away from the states rights
they have held for more than 155
years"
"Few Montanans," wrote Dyer
ly, Twill doubt MIR. D'Ewart's sin
cerity in taking this stand, but the
Lewistown Daily News is dubious
about his wisdom in this case.
"The Daily News believes in
states rights, but the tidelands is
one of the most misunderstood of
issues.
'in this case it isn't states
rights when this off-shore land
is turned over to the three states
in question. 1T is THE DEPRIV-
ING OF MONTANA AND 16
OTHER RECLAMATION OR
WESTERN STATES OF THEIR
STATES RIGHTS"
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
CANADA NOW EAGER TO
HANDLE ST. LAWRENCE
SEAWAY ALONE

OTTAWA -(CNS)- Canada once
sought the U. S. as partner in build
ing a st. Lawrence seaway. But now
that attitude has changed, Frank
Flaherty reports for the CHICAGO
DAILY NEWS. "Now Canada's Of
fetal attitude is that the job should
be done quickly-and the only way
is for Canada to do it alone" he says.
Canadian officials are getting
more and more annoyed" at Congress
sional heel-dragging. They need cleo
trio power from the river by 1856,
and construction must start this year.
A score of U. S. farm, coop, and
other groups asked Congress this
month for a broader bill than the
halfway seaway proposal of Senator
Alexander Wiley (R-Wis.) The Wiley
bill would let ocean vessels get as
far as Toledo. These groups want a.
connecting channels with the upper
Great Lakes and (2) power for cities
and rural electric co-ops from any
hydro-electric development of the st.
Lawrence rapids.
Said J. T. Sanders, National Grange
legislative representative, "Railroed
opposition is unchanged. They do not
question that Canada will likely build
the seaway alone, but they express
no interest in whether control passes
entirely into Canadas hands"
"Our most compelling interest in
St. Lawrence navigation" said James
G. Patton, National Farmers Union
president, sis the reduced shipping
charges it would bring for farm prod-
ucts."
Representative of both National
Rural Identification Cooperative As
ISOLATION and American Public Power
Association pointed to New England
Power deficiencies that hurt both
farming and industry.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01

qulSItorS, upon ITS departure
from the Capitol at the end OF
the 60-day session.
Mitchell questions the constitution
atty of the legislature establishing a
permanent body and the delegating
to it Of legislative powers.
Mitchell, secretary of state for
over 20 years, acted as private citi-
zen in filing his petition with the Su-
preme Court in which he seeks to
enjoin the legislative council from
functioning. He also seeks to pro-
hibit Auditor John Holmes and Treas
urer Charles Sheridan from approx
ing and paying any claims against
the 100000 appropriation provided
for the councils operations.
Attorneys for Mitchell are Lobe,
Lobe, Picotte, Helena. For the leg
islative council, Auditor Holmes and
Treasurer Sheridan, legal counsel is
Attorney General Arnold Olsen. Ad-
ditionally, members of the council
have retained Ralph J. Anderson,
Helena attorney and former associ-
ate justice.
The legislative council, consisting
of four senate and four house mem
bers, was established by the legisla-
ture for the purpose of drafting leg
islation, making Investigations OF
state government operations, and to
make recommendation to the 1866
Legislature. Under terms of House
Bill 166 (Chapter 143, Session Laws,
1859 the council was also given gen
eral subpoena powers. Members of the
council are: Sen. Mackay, Carbon,
chairman; Sens. Tibbals. Mineral;
Moritz, Fergus, and McQuitty, Wheat
land, and Reps. Haines, Missoula;
Pfohl, Park; Mahoney, Sanders. and
Nixon, Blaine.
Under terms of House Bill 166
present members of the council would
remain in office until the close of
the 1855 session, presumably to act
in an advisory capacity to that leg
islative body
A separate act requires that all
requests for emergency expendi-
lures by administrative depart
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
KREBIOzEN PROBE UNEARTHS ODD ROLE BY
AMERICAN MEDICAL ASSOCIATION OFFICIALS

for distribution rights. He said Duro-
vic rejected the offer.
Krebiozen first made headlines in
November when DR.. George D. Stod-
dard, university president, stopped
research on the drug. DR.. Andrew c.
Ivy, research psychologist and univer-
sity vice president, contested Stod-
dard's stand and touched off the
probe. Stoddard testified Ivy was
"taken in" by Durovic, a former
Yugoslav physician, and his brother
Marco, an attorney.
Barreira said Moore threatened to
destroy Durovic. Barreira's secretary,
Ana Doretea Schmidt, also implicated
the ANA treasurer She said Moore
said he could force Ivy's suspension
from the university. Other evidence
shows Stoddard ordered krebiozen
research stopped after several medi-
cal committees said the drug was
over-rated. Some individuals Y
they've been completely cured.
Whether Moore will testify is up
to the legislators. He's willing, though
his attorney, John Jerome Kennedy,
objected to admission of the play
hacks
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
By GRETCHEN G. BILLINGS

How old is Aged? Does Life Be
gin at 40"? Or, more seriously, What
is the States obligation to the aged"
as Montana's Home for the Senile
Aged Serving the Needs of the
State? These were only couple of
the questions raised during an all
day session held by the Montana Con-
ference of Social Welfare, Conference
on Aging in Lewistown, Thursday,
April %.
Three panels were held beginning
at 10 a. m. and closing at p. m.
The afternoon session included
tour of the Home for the Senile Aged
in Lewistown. The beautifully done
home has facilities for 1T patients
and 40 hospital beds. Housed in the
home now are SO patients. The panel
discussion was around the admission
policy at the Home which is deter
mined by the Board of Examiners,
There are three possible ways of Sc
curing admission, but the one being
used requires first a commitment to
Warm Springs.
Mr.. V. A. Burr of the Department
of Public Welfare explained that this
policy is being followed because only
the "Senile Aged" are to be cared
for at the Home. Also to be consid-
cred in admittance regulations are
the possibilities of overcrowding.
DR.. Spratt, Superintendent at
Warm Springs explained that this
project must be one of trial and err
ror because the Home is one of three
in the United States, all Of them new
so there is no previous
on which they may rely.
Dr.. Spratt said, "Some mistakes
have been made" but he felt that
things were going Every well and |
much success had been achieved" in
the results toward the goal being
sought.
The dinner session included panel
discussion on Legislative Aspects of
an Aging Population" On the panel
were Senator Paul Working, Mr.. Joe
Roe, of the Public Welfare Depart
ment, Rev. Rolf Norman, the panel
leader, and myself. 1t is difficult to
report on something you are part of,
out it was lively panel, which arous-
ed considerable feelings pro and con
On legislation passed at the last ses-
sion.
aging" is becoming of more i'm
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01

CHICAGO - (CNS) = Behind
closed doors, Illinois lawmakers prob
ing into a cancer wonder drug heard
tape-recorded phone calls involving
an American Medical Association Of
ficial here this week. At least one
implication of testimony gathered so
far by the 14-man committee is that
ANA presumed Illinois University to
drop Krebiozen research when it
couldn't control it's distribution.
Tapes of phone conversations be-
tween DR.. Josiah ]. Moore, for 10
years ANA treasurer, and Commo-
dore Alberto Carlos Barriera, former
Argentinian aviation undersecretary
were heard by the committee. At
forwards, its members would decide
whether the calls would go into the
public record.
Barreira accused Moore of trying
to force DR.. Stevan Durovic, Krebio-
zen originator to give distribution
rights to two Chicagoans-R. Edward
Moore and Kenneth Brainard. An
other witness, Nick Stepeanovich,
Krebiozen Foundation treasurer, said
that "a sound midwest pharamceuti-
cal house" made Durovic a condition
al offer of ST million, plus royalties,
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
DOES LIFE BEGIN at 30?

portance as our life span increases.
1t is being discussed as nation
wide problem. 1t would be worthy of
discussion among all organized groups
in the state. In our discussions we
must include the capable person above
65 as we'll as the incapable. Labor
and Industry are recognizing and
studying the person 65 and above
who may still be productive with an
eye to the social and economic i'm
plications. Church and social welfare
groups perhaps specialize on the prob
lens of the unproductive. That the
situation is being "taken in hand"
with an eye to improvement is shown
in the two following articles.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
CONVENTIONS OF
UNCONSTITUTIONALITY

The Mitchell petition contends that
the legislative grants of authority to
the council violates several separate
sections of the state constitution.
1t points out that Article V, Sec.
5 of the constitution specifically
states: "No session of the legislative
assembly shall exceed sixty days. -
Thus, the setting up of continuing
committee of legislators represents
a continuation of legislative authori-
ty beyond the constitutional 60-day
limit. Article w, Sec. 1, Distribution
of Powers, states: ""The powers of
the government of this state are di-
vided into three distinct departments
The legislative, executive and judicial,
and no person or collection or persons
charged with the exercise of powers
properly belonging to one of these
departments shall exercise any pow
ers belonging to either of the others,
except as in this constitution express
ly directed or permitted"
In addition to the above, the Mitch
ell petition also raises a number of
other constitutional questions
1t alleges that lib 166 creates
civil offices for all eight members
of the council in violation of Ar
ticle V, Sec. of the constitution
which states: 'No senator or rep
resentative shall, during the term
for which he shall have been elect
ed, be appointed to any civil of
flee under the state -
Mitchell alleges that the legisla-
tive council act in providing that it's
members shall be paid all necessary
mileage, etc., is in viola
ton of Article V, Sec. 8, which states:
mo member of either house shall
during the term for which he shall
have been elected, receive any in
Continued on page three
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
Retirement

NEW BRUNSWICK, N. J. = The
Fifth Annual Conference by the Insti-
tute of Management and Labor Re-
lations at Rutgers University will dis
cuss the problem of retirement in in
dustry at an all-day session, May II.
Top industrial and labor leaders
in New Jersey will discuss the values
and limitations of compulsory retire
ment plans as compared to flexible
retirement plans.
And
NEW YORK CITY = DR.. Irving
Wright, outgoing president of the
American Heart Association, urged
employers to hire persons who have
reached 65 years of age to reduce
the economic waste caused by pre-
mature retirement of able workers.
'Innumerable examples can be
cited" he said, "of men who have
achieved their greatest accomplish
ments after the age of 65, and indeed
up to the age of So"
Wright recommended that social
security benefits be given to all peo-
pie over IS whether or not they quit
work at that age. Social security then
would not be a premium for unem-
he said, and the national
economy still would have the bene-
fit of the productivity and taxes of
older persons. = AFL NEWS RE-
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
REA People, Cogtate On This
WHY the POWER JOKER In THE "TIDELANDS"
OIL BILL?
To Delay Construction of Multi-purpose Dams?

By JUDSON KING Director Popular
Washington, d. G.
Question: Have the
hover Administration of
without allowing O touch the bed?
Begging pardonhs is being facetiou
The question being effect Murray Doug
Hill other
ious Tidelands Oil BILL in this is written.
There joker in that BILL by the House April h which
plainly prohibits the
without the of the States Able attorneys declare that
tanned by the Senate the conference committee
likely the legal base will be laid be carried the u
Supreme Court
That exactly what investment bankers
would like Whenever the build the
joker would enable them bring injunction the ground that
violated the delay
would eapse before the Supreme could Meantime
whole of mulpurpose development could be halted and
jeopardy
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
.LeeisIat;x|! Encroachment On Executive
Depart, 4nt Challenged By Sam w. Mitchell

Sam w. Mitchell, a dean of Montana public servants, has
challenged the Legislative Council the 1858
Legislature appear before the Supreme Court and justify
existence The venerable member of the
of Montana state has filed petition with the
high in which he questions the right the legislative
branch leave behind what ffth column of
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01
Lutheran Churches Plan
Home For Aged Montanans

KALISPELL - First steps have
been taken for home for the aged
CONTINUED on Page Three)
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1953-05-01

ments be first submitted to the leg
islative council before being acted
upon by the State Board of Exam
liners.
The Miami times. [volume] (Miami, Fla.) 1923-current, 1953-08-29

I don't always agree with the procedure OF the
NAACP but there is way of getting around the fact
that the NAACP meets need in America which is not
otherwise met .,, -
There are forces in America which will not yield to
ANYTHING but legal pressure There certain nalenable
rUhtu which cannot be made and maintained except
NV dedicated capable and adaptable application OF Legal
force with the constitution of the United States OF Ame-
"a s M point of reference This is because are
nv and large immature and selfish who believe In the PM
iosophy of the strong taking from the weak and the
smart taking from the strong
There are those who believe in counselng together
persistent persuasion in getting done what ought be done
In the field of human and civil rights This technique is
most effective in the matters involving mature. But even
when they doing good evil is always present and must
be controlled by until the morning to rou the
evil.
Application or threat of application of legal force
where legal rights violated will always be necessary
And adequate operating capital to support and feed our
legal soldiers necessity for which there no substitute
The NAACPS ten year crusade to Danish legal segre-
cation and discrimination Holy Crusade to which every
Negro in America should contribute generously and sys-
temacay for the next 10 until victory is won For
this is struggle to crush the head of the poisonous adder
of enforced segregation and its body should be cremated
and scattered to the four winds.
There must be something about this struggle which
will enable to impose ourselves painful auserity
with which to give the strength to make
rifices such meal day. desired wearing apparel,
commercial entertainment cigarettes alcoholic beverages
and what have that all of may share in the great
privilege of making the NAACP Freedom Crusade.
Never in history will 100000 900 buy so much for so
many.-Robert Durr for ems