davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-01-28
Economic
CONTINUED From First Page)

ward movement of the economy"
The President stressed, how
ever, that the situation is one
calling for watchful waiting.
Better Signs for Future.
In addition to the betterment
in sales noted in the last part of
1858. the President saw several
other encouraging signs.
Recent surveys, he amplif1ed,
show that business firms have
little disposition to change their
planned capital OUTLAWS because
Of the mild decline in output
since last summer"
The generally strong financial
position of business firms will
also help to support a high level
Of investment expenditure, he
added
A high Jewel of housing con-
struction is another favorable
factor, he said.
Consumer Demand Spurred.
Maintenance of consumer de-
mand, spurred by the 10 per
cent cut in taxes January /, also
is indicated. the President con-
tinued, but he noted in this con-
nection that debts causes by
the heavy borrowing of recent
years to finance the purchase
of homes and all sort, of dur
ableS, has its effect in this area.
Federal expenditures also will
continue to be strong sustain
ing factor, the report said, though
some decline from the $50 bill
lion level of 1858 is in pros
pect. However. a rise in State
and local purchases probably will
counteract this in large part,
Gen. Eisenhower believes.
Importantly too. according to
the President, financial institu-
tons ARE fully capable of meet
ing all deserving credit demands,
and are in a condition success
fully to Withstand any strains to
which they may be exposed as a
result of business readjustments. -
The President. however, saw
continued problems ahead for
agriculture. Prices have showed
signs of stabilizing in recent
months. he said, but the farmers
will still have to deal with excess
Sive supplies of some of the
major products, notably wheat.
cotton and corn.
Food Prices Off.
The presidential report de-
scribed the decline in prices Of
major farm products as ''the out
standing development in pri-
mary markets during the year.
but he recalled that this drop
did not bring corresponding
decline in the cost of living
However. the President ex-
planned, food actually was of 1.3
per cent during the year, but
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-01-28
$21bilIion Program
Offered by Treasury
To Reiinance Bonds
y Inc As.seisssd P,ess

~ NVuhuuv1buVW OWUW1
" me As.seisssd Press
Secretary Of the Treasury
Humphrey is offering to re-
finance in one giant s21 billion
operation I'VE Treasury securities
maturing In the next few
months.
1t was the single biggest re-
borrowing package the Treasury
ever put on the market. It's
scope and dollar size were q sur
prise. Mr.. Humphrey offered
late yesterday to reflnance three
bonds. q one-year Treasury Ger.
tificate and q four-And-a-half-
year Treasury note into q new.
seven-year. nine.month bond or
q new one-year certificate.
Number Of Objectives.
The package deal was obvi-
ously aimed at achieving q mum.
Der Of detectives.
l. Converting some short-term
debt and some long-term bonds
that have only q little while to
run into longer term debt.
2. Reducing the number Of
Government securities on the
market and, in that way, cut
ting down the number Of times
the Treasury must refinance
maturing securities.
3. Taking advantage of present
low interest rates to do q lot
of refinancing. The implication
was that the Treasury may think
interest rates will be rising later
this year.
New Issue Considered.
Senator Humphrey also an
nounced that consideration is be-
ing given to the cash sale Of q
new. long-term bond later this
year.
The new securities Mr.. Hum
phrey offered In his exchange
deal were:
l. A one-year certificate Of in
debtednesS. dated February IS,
1854. to mature February IS,
1855 and pay ia per cent in
terest.
2. A seven-year nine-month
bond, paying ga per cent in
terest. to be dated February IS,
1854, and mature November IS.
1861.
The exchange offer was in two
parts.
Either Of the new securities
may be accepted in exchange by
holders Of q 2A-per cent. one
year certificate Of Indebtedness
maturing February Is. and of .
4A-year Treasury note paying
19s per cent interest and matur-
ing March Is.
Holders May Get Cash.
Holders Of these or other ma
turing securities may get cash.
however, If they prefer not to re-
invest in Government obliga-
tons.
Some $S,l14,0 00. 900 Of the ma =
turing certificate Of indebtedness,
and approximately $4,675. 200. 900
Of the maturing note are out
standing.
Mr.. Humphrey offered only the
new bond in exchange for three
nearly mature bonds. The old
bonds:
/. A 2A per cent bond issued
July 20, 1914. Of which some
$3.50. 692, 900 is outstanding. This
bond is payable June IS. 1856.
but said he would exercise q
Treasury option to shorten its
maturing date to June IS. 1854.
2. A "a per cent bond, issued
February Is, 1912. Of which ST.
Sill 100000 Is outstanding. This
bond is payable June Is. 1855,
but Mr.. Humphrey announced he
would call it. too. ahead Of time,
making its maturity date June
Is, 1854.
3. A 2 per cent bond. dated
June rs. 1914. Of which $685.
000. 900 is outstanding. It ma
lures June Is. 1854. the same
date fixed for the two called
bonds.
Books on the exchange offer
will be opened February / and
will close at the close Of busi-
ness February 8.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-01-28

expanding economic opportu.
mites.
Because Of billions of dol
lars Of savings in Government
spending made in this admin
istration's first year, major tax
cuts went into effect on Janu-
airy /. More than S. billion
Of tax savings are now being
left with the American people
to increase their purchasing
power this year. More will be
released to taxpayers as rap
idly as additional savings in
Government expenses are In
sight.
Also favorable to the mainte-
nance Of high consumer ex-
penditures growing out of high.
personal incomes is our wide
diffusion Of wealth and in
comes and the strong urge Of
Americans to improve their
living standards.
Expenditure plans Of Ameri-
can business for plant and
equipment constitute q power
full support for economic &C
tiyity.
Despite the record volume of
home building in recent years.
there is still a good market for
housing in this country. Va
cancies in our cities. with few
exceptions, are below the level
necessary for a healthy COM
petitive market.
A continued rise in State and
local expenditures may be ex-
pected. There is still, in most
parts Of the country, a vast
backlog of needed schools,
highways. hospitals, and sewer,
water and other facilities.
Federal expenditures will re-
main a significant sustaining
factor in the economy.
Our financial institutions
are fully capable of meeting all
reasonable credit demands and
are in condition to withstand
successfully any strains to
which they may be exposed.
Measures to Strengthen the
Economy
To protect and promote
economic stability we should
take bold steps-by modern
izing unemployment insur-
ance; by broadening the base
and benefits of old-age in
surance; by permitting a
longer "carry-back" of losses
for tax purposes; by granting
broad discretionary authority
to the Executive to alter,
within limits and appropriate
to changing circumstances,
the terms Of governmentally
insured loans and mortgages;
by establishing a secondary
home mortgage market: and
by making Improvements in
the planning of public works
programs.
To stimulate the expansive
power Of individual enterprise
we should take action-by re-
viSing the tax laws so as to
increase incentives and to re-
move certain impediments to
enterprise. especially of small
business: by improving credit
facilities for home building,
modernization, and urban re-
Mobilization; by strengthening
the highway system; and by
facilitating the adjustment Of
agriculture to current condi-
tons Of demand and tech
nology.
Conclusion
Employment in January,
1854. Is somewhat lower than
in January, 1858. There seems
to be a connection between
this fact and the fact that
in January, 1858. we were
still fighting in Korea and are
not doing so today. We can
make the transition to a
period Of reduced mobilization
without serious interruption in
our economic growth. We can
have in this country and in
the free world a prosperity
based on peace.
There is much that juStifies
confidence in the future. The
Government will do its full
part to help realize the prom
Use of that future in its pro-
gram to encourage and ex-
panding and dynamic eco
nomy.
Dwight D. Eisenhower.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-01-28
Economic Goals Replacing
Arms BuiIdup, President Says

e
The teri Of President Eisen-
hotDer's letter transmitting his
economic message to Congress
tollotcs:
To the Congress Of the United
States:
I am herewith presenting
my Economic Report. rs re-
quired by Section 8 Cd Of the
Employment Act Of 1916.
In preparing this report, ]
have had the assistance and
advice Of the Council Of Eco.
nomic Advisers. I have also
had the advice Of the heads
Of executive departments and
Independent agencies.
I present below. largely In
words Of the report itself.
what ! consider to be its high
lights.
Our 0bjectivss
A great opportunity lies be-
fore the American people. Our
approach to q position Of mill
tary preparedness now makes
it possible for the United
States to turn more Of its at
tention to q sustained inn
provement Of national living
standards.
Our economic goal is an in
creaSing national come,
shared equitably among those
who contribute to its growth
and achieved in dollars of
stable buying power.
Sustained economic growth
is necessary to the welfare and,
indeed, to the survival Of
America and the free world.
Although American living
standards on the average are
now higher than ever. there
are certain groups whose con-
sumption is much less than
it should be. We can in our
lifetime go far toward elm
mating substandard living.
A steady rising national in
come is the best assurance of
harmonious social and econ
omic adjustments. There can
be no lasting harmony in q
nation in which competing
groups and interests seek to
divide q constant or shrinking
national output.
Role Of Government
The demands Of modern life
and the unsettled status Of the
world require q more impor-
tant role for Government than
1t played in earlier and quieter
times.
It is Governments response
bility in q free society to
create an environment in
which individual enterprise
can work constructively to
serve the ends of economic
progress; to encourage thrift:
and to extend and strengthen
economic ties with the rest Of
the world.
To help build q floor over the
pit OF personal disaster. Gov
eminent must concern itself
with the health, security and
welfare Of the individual
citizen.
Government must remain
alert to the social dangers Of
monopoly and must continue
vigorous enforcement Of the
antitrust laws.
Government must use its
vast power to help maintain
employment and purchasing
power as well as to maintain
reasonably stable prices.
Government must be alert
and sensitive to economic de-
velopments, including its own
myriad activities. It must be
prepared to take preventive as
well as remedial action; and
it must be ready to cope with
new situations that may arise.
This is not q Start-and-stop
responsibility. but . contin-
uouS one.
The arsenal of weapons at
the disposal Of Government
for maintaining economic sta
bility is formidable. 1t includes
credit controls administered by
the Federal Reserve System:
the debt management policies
of the Treasury: authority OF
Aln nrne;daak kn 1,o ~, fhA fo1.V1nS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
Eisenhower Card Brightens !.
DC. Womun's tooth Birthday

There1l be a big party tonight
for Mrs. Sally Markley, who yes
terday quietly celebrated her
Tooth birthday with greetings
from President and Mrs. Eisen-
hover amc1g the many she re-
ceived.
Mrs. Markley sat in a Wheel
chair at 1923 @ street NV, the
home of her daughter. Mrs. Aline
Wilson, with whom she lives. her
mind full of the memories that
are inevitably resurrected on the
anniversary of a century of ex-
istence. ....
She didn't say much as she
obeyed the wishes of a photog-
rapher. But Mrs. Wilson filled
in the story.
Mrs. Markley, who was born
at Black Mountain, near Ashe-
vile, N. c., was the daughter of
the late Mr.. and Mrs. Logan
Darby. Her father was a Cher
okee Indian.
Mrs. Marley, who lived at
Flat Rock, N. c., for rs years,
drew water from a well and
cooked there until little more
than a year ago, when she Suf-
fered a slight stroke. How
ever, Mrs. Wilson said her mother
is now doing much better from
the health standpoint.
During the Civil War, she
recollects being hidden from
the Yankee soldiers" Her IA chill
dren, 10 grandchildren and 81
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
Byrd Vows to Maintain
Incomes in crisfieId Talk

CRISFIELD, Md, Oct. 2 Up.
DIR. H. c. Byrd, Democratic
candidate for Governor of Mary
land. went home to Somerset
County yesterday where he
promised that "the bedrock of
my administration -. will be to
see that the income Of Mary
land families is maintained"
DR.. Byrd was born in Girls
field. He has lived all Of his
adult life. however. in Prince
Georges County.
He said he would name q COM
mission which would advertise
the State and its industries in
order to attract new trade and
create more jobs.
On the docks Of Crisfield. he
told the packing house workers:
II know your problems. I grew
up in Crisfield and I shucked
oysters and picked crabs until
my hands bled. When I'm
elected, / will do more for the
seafood industry than any other
Governor Of Maryland"
DR.. Byrd was to return to Cali
vert County today. He was in
Calvert Thursday taking part In
the county's 300th anniversary
! celebration.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
Falls Church Man Gets
50 DAYS in Traffic Death

A Falls Church man yesterday
was given a 30-day jail term
when convicted of reckless
driving in a traffic accident
which resulted in the death Of
an 82-year-old pedestrian.
Lester William Wachter, %,
of the 800 block Washington
avenue. appealed the sentence,
which also included q 500 fine
and a six-month suspension OF
his driving permit.
Arlington County Court Judge
Paul Brown found Wachter
guilty of reckless driving but
said the case did not warrant
q charge of manslaughter.
Fatally injured in the acct
dent which occurred September
% on Lee highway near Kirk
wood road was Thomas z. Sauls
Of 1909 Old Dominion drive
Arlington. He died ct Arlington
Hospital two days after the &C
cident.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
Landlord Not voicinq
Facts, Small Says

Representative Small, Repub-
lican, seeking reelection in
Maryland's 5th District, last
night said his Democratic OPP
ponent "is not sticking to the
facts"
Addressing a dinner meeting
of Prince Georges County Re-
publicanS, Mr.. Small said his OPP
ponent, Richard E. Landlord,
wanted to know where I was
when the Tariff Commission and
Congressional committees were
holding hearings" on a proposal
to raise the tariff on Swiss
watches.
Mr.. Landlord had attacked Mr..
Small on that issue, maintaining
that the higher watch tariff hurt
Southern Maryland because the
Swiss are the leading purchasers
of Maryland tobacco.
There were no meetings be-
tween the Tariff Commission and
any Congressional committees, "
Mr.. Small said. 1.-THE commission
merely made its recommendation
to the. President"
Mr.. Small said that if Mr..
Landlord doesn't know any more
about the workings of Govern
ment than that, then he doesn't
deserve to be in Congress"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02

Observation-Disclosures have heard
many tales of the cannon shoot
ing all day long"
Mrs. Markley recounts how one
day the cabin of her mother. a
slave, was entered by the Union
soldiers who tore up the floor.
Then Yankee soldier grabbed
daddy"
Don't let him hurt you,
Daddy" she said she recalled.
!. Mrs. Markley's husband was
the late John c. Markley. who
was a blacksmith. She was a
midwife much of her life.
President Eisenhower's card to
her read:
PLEASE accept my sincere con-
CALCULATIONS upon your birthday.
May good health be yours
through many more happy
years"
Mrs. Eisenhower wrote:
II am delighted to be able to
join with your host of friends in
extending warm and cordial con-
gratulations on the occasion of
your Tooth birthday. -. It will
be a most exciting and happy
time for you, knoW-full Of
countless interesting and fas-
cinating rememberances. Your
children, grandchildren and
Observation-Disclosures must have
wonderful times listening to you
tell of many of your experiences.
How proud you must be of
your fine family. May the years
to come be bright with enduring
peace and happiness to you"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
THIS SUNDAYS BEST READING
@be Sunday $tai

DAY OFF FOR WvEs-Reeen show tko odoy young mother
100 week. Reed Lester Dovds CRITICIZE "a Dy OFF
This Week thot will or lot Of hus
bonds and includes pon thot make everybody the fom hopper
holiday houwok In the you'll
enjoy Port Of GrontIand Rees The World Loveda
story about the greet men Of sport.
FLIGHTS FANCY DRILL TEAM-The United Soe Air Forces jet
pilots you the sky but the ground it's their elite Security
ond Ceremonial Squadron hot steals the SHOW The Sor Pictorial
Moeon tells you "Showpeee Squadron and the
l07 omen who moke up this crock dsplcy ecm.
HGLGTS FOR WoEn The Sunday Stars Society and Foshion
Section, lsobe Shelton tells OF the e port uyns this
year the political bo biskk the Notion Foshn Editor
Eeni describes with words and pictures the misty jewel Of Irish
BY designers Emerod Isle benefit soshon show this week.
INDUSTRIAL cotUssus-so
for the country brought public focus General Motors
como along and bosted Pentason policies ovons GM
What organization G So Writer william Hines
Detroit last week find His feature Of the Editoid
Section
WHY DO THEY makes people confessions Of
they didn't commi? Star Staff Writer Miriam Offenders hos
toked psychots and emncts and records her findings
the Editorial Section
ENTERTAINING GRlmosene Coco keeps the country stitches
bear look comedy IV and Libby Hoimon who
obondoned popular MINSTREL profed
pquontE The Dromo Section
WANT TO lAUGH weary reading de0 depressing novels
and really laugh pnd reod obou mo Time FOR Seoont
BY Mox Hymdn The Sock Section BY The Stars Sock
Critic Carter Brooke Jones'
FOR YOUR BEST READING EVERY DAY or THE WEEK ORDER
EVENING AND SUNDAY STAR HOME DELIVERY, Sis MONTH";
tNIGHT FINAL EDITION. 10 CENTS ADDITIONALLY PHONE
STERLING s-5oooa
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
Aunt Is Given Boy Who Spent
SO Hours With Dead Mother

The 21a-year-old son of Mrs.
Grace Alyna Smith, who re-
manned alone in a house with his
mothers dead body for So hours.
is going to live with an aunt at
Portsmouth, Va.
Alexandria Juvenile Judge
Irene Pancoast yesterday
awarded custody of little Sergieff
Smith to a maternal aunt, Mrs.
Mary Kearps, who agreed to care
for the child. The boys father,
Eugene Smith, of Newport News,
attended the hearing and agreed
to pay for his sons care. He had
been separated from Mrs. Smith
for more than year.
Mrs. Smith, 28-year-old dane
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
Body Of Woman Found
In River Is Identified
BY the Associated Press

FREDERICKSBURG, Va. Oct.
2.-Police 1t. C. E. Kendall said
fingerprints of a woman's body
found in the Rappahannock
River here Sunday have been
identified as those of a woman
known as Nancy Joey Camp
bell. AZ.
1t. Kendall said Chief Medi-
cal Examiner G. T. Mann told
him the f1ngerprints of the
dead woman were identified by
the FBI as those of the Camp
bell woman. 1t. Kendall said
the FBI reported the woman
had been arrested for vagrancy
at Terre Haute, Ind, in 1916.
Earlier. police in Stamford,
Conn, had identified the body
as that of a Rose Anna Smith,
so. who until shortly before
Easter had worked for a coat
concern, there.
1t. Kendall said he believes
that the Campbell name was an
alias, and that Smith was the
woman's real name.
The woman's body is being
kept at Richmond pending the
locating of relatives.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
DON'T GIVE FIRE
A PLACE TO START

When you gamble with fire, the
odds are against you. Protect
your family. your home and
your job. Remember these sim
pie rules: Don't smoke in bed,
don't overload yuor wiring sys-
tenn, don't use frayed electric
cords. don't use flammable
cleaning fluids. Don't let junk
collect in the attic and base
ment, don't let children play
with matches and be careful
when using oil stoves!
SPARKY THE DOG SAYS:
"Stoy Alive! It's More Fun!'
Published as a public seruice IN
cooperation NTH The Aduertts-
ing Council.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02

ing teacher, was found dead a
week ago in her studio-home at
2108 Mount Vernon avenue. DR..
John Sims, Alexandria coroner,
estimated she had been dead
since the previous Thursday
night. He ordered an autopsy to
determine what caused the at
tractive young woman's sudden
death. Results of laboratory
tests in Richmond are still being
awaited.
Sergieff was alone in the house
with his mothers body. and APP
parently had lived on crackers
during the long ordeal. He had
been placed in temporary GUS
tody of the welfare department.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
Broddock Boptists
Open New Building

The first service in the new
Braddock Baptist Church build
ing will be held at II am. to-
morrow at Braddock road and
Montrose street. Weyanoke sec
ton. Annandale, Va.
A cornerstone laying ceremony
will follow the service. Or.
Charles S. Norville is pastor Of
the church. which was started In
1913.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
10000 Begin
Cdnvassing for
Chest Goal
Parade Launches
Drive for Minimum
OF $780,, 900

Washington's drive on want
and suffering 1.-The Community
Chest campaign--is IN full swing
today.
The appeal got underway with
q parade and ceremony yester-
day, as 10000 volunteer workers
began canyasSing for the 3d.
$4,000 set as the minimum goal.
Another $1.368,O00 win pro-
vide the needed services In the
Washington area.
Churches Cooperate.
Today and tomorrow have been
designated Red Feather Sab
bath-Sunday by Protestant,
Catholic and Jewish church
men. Messages from the WASH
ington Federation of Churches,
the Jewish Community Council
and the Most Rev. Patrick A.
OBCyle, Catholic Archbishop of
Washington. will be read from
pulpit in support of the Chest
drive.
Yesterdays parade included
the Army Band, the Metropoli-
tan Police Band. and 101 vehicles
symbolic of the 101 agencies sup
ported by Chest contributions.
It moved from the United
Community Services headquar-
tiers at Eleventh and M streets
NV. to the District Building,
where a short ceremony formally
opened the drive.
Red Feather Month.
Commissioner Samuel Spencer
proclaimed october Red Feather
Month from the District Build
ing steps.
The proclamation urged all
citizens to give gladly and give
their fair share when called up
on by their neighbors jim this
once-a-year appeal for SO many
most worthy member agencies. +"
The first results of the cam
paign-money brought in by the
advance gifts unit-were an
nounced by John Hayes, presi-
dent of Radio Station WTOP.
He reported 100000 collected.
Commissioner Spencer unveiled
the Community Chest r e d
Feather thermometer in front of
the District Building with the
assistance of Linda Weisbrod,
Miss Washington of 1854.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1954-10-02
Lorton Legion Post
Is Conference Host

Members Of Lorton Post. No.
162. American Legion. and its
auxiliary will be hosts to the
fall conference Of the 10th dis
trict American Legion organiza-
ton tomorrow at Lorton, Va.
District Commander w. Town
send Raplee will preside at the
session, which will include the
chartering Of at least one new
post.