davidaulloa/AmericanStories huggingface dataset:
Evening star., 1954-04-27
"When Is An Economist Not An
Economist"

out that the Survey of Consumer
Finances of the Federal Reserve Board
reveals that 90 per cent of all Ameri-
can families do not own single share
of stock in a publicly held corporation.
An independent study of the Brook
ings Institute comes to the same con-
clusion as the FRB study-namely. that
only about one out Of eleven families
(9.5 per cent? owns stock in corpora
tions whose securities are available to
the public.
OF the families that do own stock,
very few families own very much.
According to recent study by Profess
sors Buffers. Thompson and Bollinger
of Harvard University. spending
units" of $4,000 and over-about one
half Of one per cent of the population
held slightly over one-half Of all pri-
vately owned marketable stock in 1949.
This finding has been completely
supported by the data released in
Statistics of Income for 1850, Part
l." issued by the U. S. Treasury re-
Gently. It reveals that the six persons
in every thousand who have incomes
of over $4,000 received over one-half
of all the dividends paid out during
that year.
Why, then, does the q. S. Steel stock
holder study vary so much from the
findings of the Federal Reserve Board,
Brookings Institute, Harvard Univer-
sity and the U. S. Treasury? There are
some simple reasons.
U. S. Steel's introspective study did
not include stocks held by trustees.
guardians. estates. etc. (totaling over
712 million shares and largely held
on behalf of persons in the higher in
come brackets). The real income of the
wealthier stockholders was understated,
because non-taxable income was ignored
in the U. S. Steel QUESTIONABLE. The
number Of stockowners of modest
means" appears to have been exag-
gerated by the inclusion of children
and non-employed women who have
other sources of support. In fact, the
QUESTIONABLE half evaded the matter
of stockholders income; for the most
part, these income data were "deduced"
by the company by the use of most un-
orthodox statistical methods.
Any newspaper should feel justified
in investigating controversial statistics,
whether they come from management
or labor, before giving them editorial
sanction. May we respectfully suggest
that there would be great value in
request to a reputable organization
Evening star., 1954-04-27
Battling RoiIrooders

The history of American railroading, from
the earliest days of the Iron horse" is not
story of peace and tranquility. 1t is more
lusty and braWling chronicle in which Indian
fighting, robber barons and "boom or bust"
psychology have served at various times to in.
sure against any duness of reading Even
today, when there are no Indians to fight and
presumably no robber barons either, the rail-
roading industry has managed to produce spec
tacular are-knuckle contests for control of two
of the Nations key carriers
One of the roads is the New York, New
Haven and Hartford, the dominant line in
densely populated and highly ndustrialized
New England. The other is the New York Gen.
trail, giant in the manufacturing heartland
of the country between the Eastern seaboard
and the Midwest.
At New Haven recently more than 20 million
Stockholder votes were cast for 81 places on
the roads board of directors. The faction headed
by New York financier Patrick B. McGinnis won
II of the places. The faction headed by the rail-
roads president Frederick C. Dumaine, jr. won
only 10. The management already has been
reorganized with Mr.. McGinnis taking over the
presidency.
At Albany, on May 26, stockholders of the
New York Central will record their decision in
a contest between the present management and
a group headed by Robert R. Young. The Gen.
trails battle has been one of much greater vio-
lence than that of the New Haven. Mr.. McGn-
mis- and Mr.. Dumaine were determined but they
remained relatively friendly through their fight.
BY contrast, Mr.. Young and William White
president of New York Central, have been dis
tinctly unfriendly in running battle of proxy
statements, newspaper interviews and full-page
advertisements
In some other industry, battles for control
of company might be of little concern to the
public at large or be of little Importance to the
national economy. 1t is not quite so, however,
in railroading-or indeed in any of the trans
portation or communications fields. Railroad
ing is not only an important industry in itself,
it renders important services to almost every
other industry and to the very security of the
Nation. 1t is subject to Federal regulation be-
cause of the public interest involved, and the
reorganizng, for better or for worse, of key car
riers is bound to hold some significance for the
national economy.
Many charges and criticisms have been ex
changed between the factions involved in these
two company fights. The stockholders are max
ing the initial decisions on who is right But
the winners in each case will have RESPONSE
bilty that goes far beyond personal opportunity
for profit. They should not lose sight of this
responsibility. 4
Z
Evening star., 1954-04-27
Strengthening the Northern Tier

Extension of American military aid to Iraq
will be another step in the process of con-
structing the northern tier collective security
system" for the Middle East. Turkey and
Pakistan, recently joined in an alliance with
each other, and already parties to militaryaid
pacts with the United States, constitute the
anchors" for this defense line. Iran, not for
mally allied with either of these two but
having common frontiers with them, also is
receiving American military aid. Iraq and
AfghaniStan are the two other countries fitting
most completely into this northern tier
designation a term used by Secretary of State
Dulles in a discussion last year on Middle East
defense.
Development of the Turkey-PakiStan front,
to whatever depth may be achieved, is an alter
native to the projected Middle East Defense
Organization which would have included
Turkey and the Arab states. While the current
scheme does lack the geographic depth which
a united Arab bloc might provide, it includes
the countries actually sharing borders with
Soviet Russia or Communist China. There is
more concern lover the menace of Communist
aggreSSion) where the Soviet Union is near"
Mr.. Dulles said. In general, the northern tier
of nations Tin the Middle East shows aware
ness of the danger
Politically, 1raq long has had close ties to
Britain and already is receiving military aid
from that country. 1t is, consequently not one
of the Arab states currently inclined to stand
aloof in the East-West conflict. Although there
haAe been occasional manifestatiops of anti
Evening star., 1954-04-27
On Handling Mccarthy

The prevailing Republican attitude
toward Senator Mccarthy can best be
described as Schizophrenic. He is the
most troublesome fence any politician
Cor newspaper) ever tried to straddle.
In this day and age 1t is fairly certain
that no serious observer of politics be-
lieveS politicians methods" and his
"objectiveS" make up two neat, unre-
lated packages, so that one can support
the one and disapprove the other. Yet
such distinction must be made by
those who wish to work both sides of
the street at once. President EiSen-
hover, for example, whose chief am
bition is seemingly to be remembered
as our most piouS President, took this
position back when he was seeking the
votes of both pro- and anti-McCarthy
factions. (The fallacy of the position,
of course. is that one does not know"
what anothers objectives are-one can
only infer them from observed methods.
1t is hard to see how democratic objec-
tives could be inferred from undemo-
cratic methodS).
The kid gloves approach to Nc
Carthy stems from a feeling that "the
people" are willing to tolerate his
methods because they approve his OBJ
jectives. 1t is the contention of this
writer that this is dangerous error.
It is my contention that the followers
of Senator Mccarthy are not particu-
larly concerned with his announced
aims: They are entranced by his
methods.
Those Americans who are most
noisily anti-Communist are, very often,
against communism simply because
they do not understand it. For ex-
ample. many professed anti-Commu-
nists confuse free inquiry with COM
muniSm. Co-ops are attacked as Com
munist. The abolition of segregation
and color prejudice is identified as a
Communistic idea. Even pacifism has
been attacked as MarxiSt philosophy.
In other words, an uncomfortably
large proportion of Americans identify
democratic things as Communistic.
They hate democratic things. but in
Evening star., 1954-04-27
True to Form

Your recent editorial, "True to
Form" was another typical attack on
Senator Mccarthy. In sense it was
true to form, as The Star applauds any
attack on Senator Mccarthy. But
when the Senator supports his case
with charges against some one else, it
is always a smear"
The more your editorials scream
"McCarthyism," the higher is my opin-
ion of our leading Communist.
Dewitt o. Burke.
hereby take issue with your April 81
editorial, ''True to Form" 1t would ap-
pear that by such prejudgment of Sem
ator McCarthy's bill of particulars you
are guilty of one of the sins so often
maliciously charged against the good
Senator
consider your editorial policy as it
relates to the controversial Senator
from Wisconsin to be shortsighted.
Briefly stated. my reason for this belief
is based on the theory that if-and I
use the word IF" adviSedly-the United
States and the rest of the free world
are successful in the present life-and-
death struggle with the forces of dark
ness, Senator Mccarthy will probably
go down in history as a national hero
credited with being one of the leading
architects of the preservation of our
freedom. If, on the other hand, the
enemy achieves their oft-stated objec-
tive Of destroying the United States by
force and violence. it won't really mat
ter how The Evening Star or any of us
felt about Mccarthy. since by then we
will have reached the end of our exist
ence.
William HI, Morse.
Evening star., 1954-04-27
"NOt Too Eager About Hanging Out
the WaSh.'

stinctively recognize and support totali-
tartan trends. Hence their fanatic sup
port Of McCarthy's methods. Three
seemingly intelligent adults, on my
block here in Washington. Mccarthy
supporters all. have solemnly assured
me President Eisenhower is the biggest
Communist ever" in the White House.
1t is quite possible that the Commu-
nistS, for all their official posing as the
most democratic party extant, long ago
realized that in showdown their best
allies would be people who hate democ-
racy, fear freedom and cannot bear
uncertainty in intellectual matters. In
view Of this, is it not worth while to
consider the thought that the greatest
security risks of all would be people
who have shown strong support for
Mccarthy? So long as no one chal-
lenges their identification of "McCar-
thyism" with "Americanism" and "anti-
Communism" they will be safe, except
for their constant efforts to subvert
democratic institutions.
Perhaps those individuals responsible
for firing Mr. Chasanow are believers
in "McCarthyism" who, sensing in Mr..
Chasanow democratic mind, regard
him with distrust. Perhaps our loyalty
probes have barely reached beyond the
surface. 1t might be important to
find out exactly what man is loyal
to. It is certainly possible that some
of those entrusted with carrying out
the security program are basically
inimical to traditional American con-
cepts of freedom and are, because of
that, emotionally sympathetic to the
Communist way of life. Some enter
prising newspaper ought to look into
this. What higher function does q
free press have than watching the
watchmen?
Warren w. Morse,
Evening star., 1954-04-27
An April Rondeou

Before the ddt0n in early spring
make and hear the robin sing.
His pulpit is the doglUood tree
From iDhtch he breaches earnestly
That slumber is a tDicked thing
When April hours are on the lUing
And little liohttoot breezes bring
The first S1Ceet breath OF betony
Before the ddton.
His thesis has an urgent ring
That goddS me til l rise and fling
nv garments on in haste to be
Like him Springs eager rotary
Before the daWn.
Inez BorcIoy Kirby
Evening star., 1954-04-27

Pen-111n1es may be used If letters carry
10rtterS' correct names and addresses.
All letters are subject to condensation.
Kodiak mirror., 1954-07-10
FWPicnic Huge Success

Throngs of city and base people wended their way to the VFW picnic at the Foley Ranch on beautiful Anton Larson Bay the Fourth of July for the days outing in a wonderful sun shine drenched valley on the north side of the island.
 A very clever arrangement of picnic tables around four rock built fire places and a stand at which hot dogs and na I burgers were sold enclos- Ing the far end of the rec tangle and various kinds of booths around the edges of the
Kodiak mirror., 1954-07-10

picnic tables was the setting of the gala affair. Hundreds fried their own hamburgers over the improvised outdoor stove facilities while others brought sumptuous lunches of fried chicken or sandwiches with them.
 Foley had bulldozed and cleared a strip of the meadow for the kids races and at ten, thirty. Pye Watson started the preliminary races. All the dashes for tho youngsters starting with the 4 year old group up through the 12 year olds with the winners receiy-
Kodiak mirror., 1954-07-10

and catch from Jack to Betty of about thirty feet.
 The water ski event was enjoyed by the throng as three of the contestants were doused by the towing craft UT der the guidance of Al Mil Ter. Parker, Blair and Shaffer all took ae unexpecting duck ing when theo were riding on he wrong side of the craft on the turns. However, Shaffer made a fine recovery from his ducking and made a water take-off after the spill. Father Sneeringer surprised the en- tire assemblage by his ability to water ski and try as he would Al Miller could not duck the Father.
Kodiak mirror., 1954-07-10

\
 presented to the gift booth fo -heir choice of prizes.
 Then came the couple races
 or those races where the con
 rsstants race with a partner
 such as the three legged races ! for all the various age groups.
 The 4 to 8 aga group for the boys winners were: Ladd Medema and John Sautner in
 the boys three-legged race. jSecand place went to Kenny Koehl and Lee Medema.
 In the girls 4 to 8 group Bonnie Panamoraoff and AL geline Ellenkak syncronized their three legs to win the first girls three-legged race,
 and Judy Muller and Janet Pestrikoti crowded the win ners to the judges circle. The boys s to 12 three-legged race found Willie Hall and Perry Flotre leading the vanguard across the wire with Ladd Medema and John Sautner, the two winners of the 1 to 8 group challenging the winners for another title.
 The girls 8 to .l2 group pro- duced two very speedy young ladies winning the event easily. Dorothy Pestrikoff and Catherine Ewell winning with ease and adjustingIthemselves after a bad spill and coming on to finish the event were Christina Simenoff and Pau. lette Hayes to finish second.
 Eleven husbands and wives lined up facing each other for the next event, the egg toss ing contest. The husband tos- sed the egg to his wife and she was supposed to catch it, then the two took one step backwards and she tossed it
 back to him and he was SUD- posed to catch it. This process
 continues until either one or ] lthe other drops the egg or it ], is broken in the catching end of the event. Seven of the married couples were still in ] the event at about 25 feet and :, then things started to happen. < One egg hit the catching 1 wife in the chin and sparks flew as the yolk trickled down wifies picnic frock. Another female toss was a little high &hubhgsin big league fa- ishions leaped dinto the air to make a one handed, save iaahsnt theshewltched egg slip ;ped through his .graspings fing-
 CTS and lit squarely on his
 cranium and the net result a
 long awaited egg shampoo.
 The winners of this amusing
 event were Jack and Betty i Davis with a miraculous toss
Kodiak mirror., 1954-07-10
KODIAK MIRROR

The memorable afternoon came to close at 6 pm with hundreds of tired weary towa folke traversing the dusty fourteen miles back home. with many enjoyable events they will talk about for many days to come. stored in their memories.
 Stanley E. Stretton, district manager of Standard Oil of California was elected Presi- dent of the Seattle Chamber of Commerce for the1954 55 term on Tuesday July 9th.
 The Shore Patrol Buildings are getting a new coat of white paint by the Shore Patrol boys.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1954-07-01
OUT OF PAWN
BARGAINS

/ Typewriter, portoble.
Smith Corona. SkYwTitss $37.57
3 Colt Sets-Woods fl. 2
Irons If. S. 2. 9 and Putter $500
/ Poloroid Lmd Comerd.
Model %s5 ............. $500
Bicycle. ]. c. Higgins.
boys 29-inch ............. $500
Electric Sow. 6H-in. Zephyr
with bIode) ............. Zs.OO
Radio Combinations, 3-speed.
Admiral, Truetone ........ 37.oe
Electric Drill. Cummings
H-inch ............ 1893
Electric Drill. Heavy Duty.
W-uCn ............... &2.oo
Binoculars. 6x3o Model
%l943-Field) with cuse 80. $500
Spinning Reel HI. Dist Sl2)
and Rod. tubulor glass
Qist Sl0 ............... 1880
Comero. Argus CO. with
case ,................. $500
Clock Radio. Sentinel ...... 1898
Welding and Cutting Torch.
Crottsmon with gage and
hne-hst S72.5o) ........ $500
Watches: Bulovos. Gruens,
Wittnouers. Egins-l7 jewels,
new wCtch guarantee . 400
(An JewelrY Subject to Federal TGx)
Electric Saw. g..
Porter Cable list $3.50 47.Oo
B0tterY and Electric PortGble
Radios: RCA. Zenith.
Emerson. MotorolG ....... 1900
Cmeros, Kodak Agfo.
1873 to f6.3 ........ l4.se
jewelers. Lothe.
c. E. Mmsholl ........ $500
2 GE. Ste0m Irons ......... 1893
2 Toosters, Sunbeam, G.E 1888
SGmsonite 2-Suiters D. each 1888
INQUIRIES INVITED
Delivery BY Appointment
AMPLE PARKING
All Merchandise Gumonteed
Member Cleveland PGwnbrokers'
Association
Hermm DuBov. D.B.A.
Herman S Loan Office
1911 Central Ave.
DoY; EN-. l-osss Ewes EV. 1885
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1954-07-01
Reel Estote Wanted

HOMES: singles, doubles, bungalows
we have the cash buyers. Members
of the Multiple Listing Service. Page
Realtors, Ass East 200th ST.. KE.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1954-07-01

MIDDLE aged couple desire. 5 room
East Cleveland, quiet people with
no family, up to 500. PO. 1-2115.
4 ADULTS desire 2 bedroom apart
ment or house, unfurnished. MU.
STANDARD Oh engineer and family
desire single or II of double; prefer
Nottingham school district. KE.
YOUNG mother and child need as
uI1furnished rooms, East 140th and
Lake Shore area. SOS. Call mornings.
w 6-0l49.
ENGINEER, trainee, wife and child
desire or bedroom fiat or house.
East or Southeast. Up to SIS. KE.
l-3O64 Monday thru Thursday eve-
nings.
OR room unf1rrished apartment
or house, quiet middle aged couple;
references; TO $50. PO. l-6697.
RELIABLE couple. Ia year old baby
desire as rooms unfurnished. w.
1-2669.
2 ADULTS, no children, desire year
around cottage; references. KE-
l-7495 after p. m
REFINED widow and granddaughter.
10 years old, desire pleasant So
room apartment In East Cleveland.
Up TO S8S. GL- l-lS04. VI. l-4606.
COUPLE and 2 well behaved glrls,
and years old. desire 6-0 roone in
vicinity of East Cleveland. SW.
5-57l6.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1954-07-01

UTILITY trailer 5x9SCS. 2-wheel plus
spare. new paint, lights; ideal for
cross country hauling; no reasonable
offer refused. PO. l-S476 after y. m.
Kodiak mirror., 1954-03-13
MEMBER OF ASSOCIATED PRESS
Not A Drop To Drink

What is wrong with Kodiaks' Water Supply! It lsn even fit to bathe n let alone drink When one wants nc cold drink of water what seryed An amber cooreo ioud with particles of something ranging from small of dead leaves to live leeches floating in the glass The ve aeech found by one Kodakss leading citizens was on us ay in the window of the Log Cabin Liquor Store for aoou week 10 ,,
 Have you tasted the stuff with H2O label on It! wy advice is DON'T! tell you how it tastes II you Wouu put bucket under freshly arred roof and strain the qu nning off the roof through inch mesh chicken wire o ep the logs and pieces floating peabog out of the sample then allow It to stand for twenty four hours then m OH the cooper coored scum which forms the surface you WIT come LID with a sample of Kodiaks' drinking water
 The Kodiak kids fortunate They don't have to take little rubber batteshps and animals to their tub With ne With little imagination tiny ships ana pieces or dehris that resemble Donald Duck and Hoarce Collar
 And FIFTEEN PERCENT C590) of the cltles revenue from the tax paid by Kodiak Citizens for the use of that same water
 Brother! what dsgrace
 Please Mr. City Official - find out why the supply of water the Citizens fortunate enough to be on the Ersk Line is so nice and and cool and then make the neces changes to the producc delivered to the ba lance of your subscribers
Kodiak mirror., 1954-03-13
KODIAK MIRROR :.
Coi +inued from page I

COf 'lluStt ltOlii p"SN les. ii eodiak ls;fit. Pub lie He went to E;itr' in the LSM l61 after Captain Rickard, Base Medical Officer had heen approached and deemed the epidemic of suf- ficient magnitude to warrant immediate action.
 After careful study and in- vestigation the three agreed the disease was introduced in- to Alitak by a fifteen year old Native girl who went to Fair banks on a visit and brought the malady back with her All IS inhabitants were examined and B cases of advanced jaun- dice were discovered, and I others believed to be in the early stages of the disease, one half of the entire village. The entire village was lnocu- lated with gamma globlin, the only known remedy for the infection.
 There are three prominent symptoms of the disease. A
 form of influenza followed by dark urine and a definate
 yellow to the skin. Preventa- tive measures are lnoculatlon to those exposed. The gamma globl;n may be obtained from the Public Health Nurse or Dr. Johnson. There is plenty of it. At the present time there are a few cases of the disease in Ko]iaF.
 BASE HOSPITAL NEWS
 A baby girl. weighing 6 lbs. l 1OI ozs was born 28 February
 1854 to Mrs. Eileen Margaret l Warner wife of Anthony Cn)
 Warner, YNC, USN, at the i Naval Station Infrmary, Ko-
 diak, Alaska.
 A baby boy weighing 8 lbs.
 2 2 ozs was born 4 March 1854, ty Mrs. Alice Ruth Peve- house wife of Nolan CD Peve-
 house, SK6N, USN at the
 Naval Station Infrmary, Ko-
 diak, Alaska.
 i A baby boy weighing ' lbs I114 ozs.. was born 4 March 1854 to Mrs. Betty Dale Per. ] klns wife of John Benjamin Perkins PN2, USN at the Ma 1, val Station Infrmary, Kodiak, Alaska.