davidaulloa/AmericanStories huggingface dataset:
Evening star., 1955-11-13
YOUR
MONEYS WORTH
Time Loan Controls Hinted
IBY SYLVIA PORTER

3 e q l4s.
II you're typical, YOU use the
instaIlment plan 10 help finance
the purchase Of goods you need
or want.
More than go per cent Of
Americas families do. Buying on
time has become one Of the great
activities Of the American family
Now assuming you are 4 de-
voted user Of the installment
plan. imagine q system Of lend
ing institutions operating under
q single Federal Government
agency and dedicated to the job
of supplying you---tfle consumer
with the credit you need to buy
the goods you need.
Imagine this system and its
implications to you. For the odds
are increasing that just such q
network Of lending institutions
will be created BY Congress- in
the not too distant future lii
order To:
Regulate the fiow Of consumer
credit so its extension and ex-
pansion Is more uniform and yet
1t Is kept prudent and healthy;
Make more money available to
individual borrowers at less cost
than Is now necessary in many
instances;
Guarantee 3 steadily expand
ing flow Of funds from private
lenders into consumer loans.
At Valdosta. Ca, recentiy.
James x. Vardaman, q governor
Of the Federal Reserve system.
made q speech before the Geor-
gia Bankers Association.
Mr.. Vardarnan chose this plat
form to send 4 warning to the
Nations bankers that policy
makers at the highest level Of
Government are considering un-I
precedentedly broad and per-
nanent Federal regulation OF
consumer credit And he told
them not TO "be shocked Or sur-I
prised or too upset when Com
gress Is asked to pass this type
of law.
The Government has moved
heavily into the field Of housing
credit. Home loans are subject
% control BY several Federal
agencies.
The Government has moved
Evening star., 1955-11-13

0Nt~4 % ultt1tlut " tue 10teEQith
table are annunl disbursements based OF
the in1t auaftekiy o. semi annual Gee.
saEatIDn unleAe othefWlks noted. speclas
or extra dlp1uenna Aft not tnciudea
Also extra pI extFas b Annual fala
plus STOCK u1vicenn dDeciaFeQ uf natn
IN 1850 Plus stcck dIyiuend { Paln laSt
feaF fatRbie IN stock estimated caah
value on ex-diPineno o. ex-dISIfibutI0r
date Qecinfee o. pnid 50 fas TINS
year b Declared o. paia after ttocG
this year, an accumulatvp issue with
qiviqends n arrears. PAia tnin yeai
GiYidend omitted deferred o. 40 action
cinfed o. paiq ~ 1904 plu5 sfock uivi.
|dend ElquidetinR dividend ED cailea
qf Under rule I q dividend xsnts ~
uerrants wv With warrants vi War.
rants, Wq Whom distributed VI When
issued 10 bankruptcy ~ reeeivtsship
Enptcy Act Or securitiss assumed ~ sach
Evening star., 1955-11-13
NEW YORK COTTON

NEW YORK. Nov. IL R,.--cotton
futures prices turned strong this week
after an early show Of weakness The
market took In stride an oficlal Govern
men ment forecast gointinz TO = bumper
Actiye futures contracts traded on the
New York Cotton Exehanee closed oauii
the huiiday-ehortened week with net
gains ranEine from SO cents 10 S1.s 4
PALE Inc exchanne was closed NoVem.
Biggest rains we're recorded by con-
tracts ealIing for delivery In May and
saslIcstIon d he oovsrnnept repor.
gn auesdsy !, ~, sent ths market Into hiGher
Eofecast hsd Are already Been @ disccunted itaa S
Ihe Governments estimate of IA. sf3, ,00D
bales COMPARED with It's October forecast
Qd l3e16s000 and Q prediction OF only
i25ss 900 bales At the start Of the
Market analysts said that while the
bales larger than the average OF recently
published private estimates II was stili
somewhat smalief than had been ex
DeSssd os tSs ~ Isy Ssss # s 5ss osssser crou
port, the New York Cotton ExehanEel
Service Bureau estimated the total d0sl
nestle supply Of all cotton fqr the cur 4
rent season At new record high Of
SS$ssse ss1eOe sss s sEsaH p1s Sss
& indicated lSE the close Of he season
Cotton exports for the week ended
Monday were estimated by the exchange
Sons week pss snd sssoss X sgUo te nss
Of 1854 For the current season throughl
Noyennber they had reached level Of
only 100000 bales VS. S42.0 .0O0 bales atI
Ekbrczimstely the same time last yeEf,
Evening star., 1955-11-13
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Evening star., 1955-11-13
DIVIDENDS

NEW YORK, Nov. IL Dividends
announced:
Pc Htk OF Pay
Rate Rod record able.
Veeder Root Inc III fi-IS 1870
Cent IT CO Roch soc = 12t1 1915
veeder Root Inc sgss 1919 1a-2sI
Cent TT Go Roeh SOC 9 1871 Ig-iBI
Parker Rustpr pf 62lhc g 1910 l-2
Vteder Root Inc SOC q 11-1s 1919
Evening star., 1955-11-13
Regain
77% Of Ground
Lost in Plunge
BY RAIDER WINGET
Astoxiofed Pres, Encneiul Wrissg

NEW YORK, Nov. l2.con-
fidence and optimism sent the
stock market up strongly this
week.
Measured by the Associated
Press average OF so stocks, the
market has retraced nearly ~
per cent of the ground lost II
the plunge that started Septem-
Der 26 and hit bottom October IL.
This week the average posted
the greatest gain in a year.
So prevailing was the new
feeling Of confidence that brokers
talked about a quick test Of the
highs" They meant that the
market had a good chance Of
advancing enough to break
through to another record high
eclipsing even the peak reached
just before the Presidents i'll
ness.
There were plenty OF reasons
for the change Of heart. The
significant one was that brokers,
traders and investors were pre-
pared to believe the good news
and ignore all else and to buy
stocks as a result.
Also the return OF President
Eisenhower to Washington sig
nailed q successful conclusion Of
the first and most important
stage Of his recovery.
The fiye most active issues this
week on the New York Stock
Exchange were General Motors
up 4 at sos on $751; shares.
Fruehauf Trailer up at AZ,
Standard Oil tN. J.) up III at
1853, Panhandle Oil up IS at
l2ss and Benguet Consolidated
MinginR up 1s at u
Evening star., 1955-11-13
ADVERTIsEaIENT.
| never HAD
IT SO GOOD
By 3 Wall Street Journal
Subscriber

During the past II months, my in
come has increased more than
$1,000 -. thanks largely to things
/ have read in The Wall Street
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But not me. / never had it so goodi
The Journal not only helps me
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Articles on taxes guide me on what
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This story is typical. The Jour.
nal is q wonderful aid to saIaried
men making $1,000 to $20, 1000 .
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Of. priceless benefit to ambitious
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The Wall Street Journal Is the
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but you can get q Trial Subscrip-
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tear out this ad and attach check
for $6 and mail. Or tell us to bill
you. Address: The Wall Street
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Evening star., 1955-11-13

TINT OF trading 10 shares sales IN full Rates Of
dividends IN the toreEOins table are annual disbuse
ments based On ne asi s1afSssy q semI,Anna aal
dividends are mol included Also extra o. extras
paid i1 tv55 uihs. stock diyidend PAID last year
4 PAYABLE in stocK estimated cash value on ex-
SO far this wear DECLARED or paid after stock
sn aeeusmuiatise ISSUE With aiyidends IN arrears
action taken 81 ast dividend meeting rDeeartd
or paid In 1854 plus stoek dividend Liauldatine
d. tfdend cid Called Ex dividend x-dis FL dis.
tlg.s tsi.6gsion y - rEhis y Without warrants ~
sued sln bankruptcy or feeeivership Or being re.
organtzed under the Bankruptcy Act o. securities
assumed BY such companies
Evening star., 1955-11-13
COMMODITY PRICES

NEW YORK Nov. ii N.-The AZ.
commodities advanced fhis week fcI The
iiEst time IN seven weeks.
At 100 80. the index Compared with
lne ~ week aKo and If3lAD . year aao.
Higher we're industriais. food and texa
tileA Livestock dropped to Z new 1855
low Non-ferrops metals and the Grains
ana cotton component also declined.
Evening star., 1955-11-13

and s.5s7.oo In the like week
Ia year ago.--National Coal AS
Isociation.
Evening star., 1955-11-13
DOLLARS
ARE LIKE
RABBITS!

At leost they ore when invest
ed IN Blue Oaks Loke in fobu-
lous Foirfox County, viroinio.
Lord OWNERSHIP. either direct
or indirect Increases os time
goes by-profits, profits ond
more profits. Let US show
you how TO invest your Surplus
dollars IN an asset thot time
eonnot destroy.
ftere Is your opportunity 10
own o holf-oere OF ground IN
o controlled subdivision Of
predevelopment prices. Eosy
terms.
Fer complete intormafioa lin
- cospes beIes ard mail 70
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02
CA Mt
Sic P?

n Do you toss
r and turn in bed
CD at night til the
wee hours Of
the morning? Well, it may be
the caffein in your coffee that
is keeping you awake.
That's why, if you love good
coffee, you'll want to try new
Decaf Instant Coffee, the first
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caffein free. Decaf is pure, de-
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ing in the rich, full flavor Of
the worlds choice coffees.
Decaf gives you full coffee en-
joyment - yet, lets you sleepi
Get new Decaf Coffee, todayl
Ask your grocer for new
Decaf. Or, let us send you I
sample packets free! Write
Decaf, Box 12-T. Brooklyn 1,
N. Y. for free samples.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02
Aunt Asks for Custody
abandoned Children

Connolly. police said. was a
friend of Redmond Mike NAL
loy) Cribbins. AZ, who has been
identified as one of the three
holdup men. Police said he
might shed some light on Crib
bins whereabouts.
There was speculation that
Connely. now missing and his
children abandoned in different
cities as if to conceal their rela-
tionship. may have been killed
by Cribbins. Cribbins once served
Is years in prison for the holdup
killing of harlem butcher.
Mrs. Lawler went to Balti-
more yesterday to seek court
permission to take Veronica back
to New York in her custody.
Permission was granted--with
a reservation: that the New York
Welfare Department assume
supervisory responsibility" of
the little girl.
Mrs Lawler then came to
Wilmington. hoping for SIM
liar permission for George. She
was scheduled to appear at a
hearing of family court this aft
ernoon.
Her plea in both cases was
that the children had suffered
emotional upheavals since their
abandonment last Wednesday
and needed to be returned to
the stability of a home.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02
Text Of Letters Covering
Resignation of ToIbott

their Government. I commend
you for your fine accomplish
ments as Secretary.
AS a result of public inquiry
into your personal business &C
tiyities ! realize that you have
been subjecting yourself and
your position to a most severe
and searching scrutiny. I, like
all others who know you. have
been sure that your ultimate
decision would ignore any per-
sonal desire or inclination and
would demonstrate your devo-
ton to the Air Force and your
concern for the security of our
country.
Your decision to resign, of
course, has been a difficult one
for you because there has been
no intimation that your official
duties have not been effectively
and Loyalty performed. Never
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02

WILMINGTON, Del, Aug.
B.-The wife of a New York
policeman today sought final ap-
proval to take back to the stabil-
ity of a home two children who
were abandoned here and in
Baltimore last week.
The woman. Mrs. Mary Lawler
is the aunt of Veronica Connolly
3, and her brother, George. 2
Veronica was found aban-
doned in a Baltimore f1ve-and-
ten-cent store last week. A few
hours later George was found
whimpering in a church in Will
mington.
For days there was no clue to
their identity, although officials
thought they might be related
because of the similarity of their
appearance and the circum-
stances of their abandonment
The whereabouts of the chill
dren's mother is also unknown
Finally, Mr.. and Mrs. Lawler
saw their pictures in a New
York newspaper and notified Of
ficials.
Then came the news that the
children's father, Thomas Duke
Connolly, a 32-year-old Queens
steamfitter, is wanted for ques-
tioning in a 100000 New York
bank robbery-the biggest in
history.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02

tary Of Defense that your de-
partment is currently engaged In
a number of critical program
ming activities in which your
personal knowledge is of particu-
lar Importance. He is convinced
that in the interest of orderly
turnover and for the welfare Of
the Air Force. these activities
should, if possible, continue for
about two weeks more under
your direction. agree with him
Therefore, ! hope you will find
it feasible to remain at your
post through the week ending
August 10.
AS you return to civil life, my
warm wishes for success 60 with
you and your family. The con-
tributions you have made to the
strength and security of our
country will remain in your
memory. ! hope, as a source OF
great personal satisfaction.
Sincerely,
DWIGHT D. EISENHOWER
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02

General Counsel John A. john
son give an opinion that a
IMulligan-RCA contract did not
violate Federal conflict of in
Iterest statutes. When RCA re-
manned adamant. the question
was put to Attorney General
Brownell, but the matter was
dropped when Mr.. Brownell said
such a ruling was against
policy
There were discrepancies in
Mr.. Talbott's original Senate
testimony on the RCA matter.
He later changed it. telling the
Senate investigators he had had
a lapse of memory.
Mr.. Talbot wrote the Presi-
dent that he himself was clear
in my mind and conscience that
my actions have been within the
bounds of ethics"
However, he had resigned his
partnership in the Mulligan Co.,
telling the Senator'S he was mis-
taken" in writing letters and
making phone calls for the pri-
waite firm.
Praised by President
In his letter, Mr.. Eisenhower
praised Mr.. Talbott's service as
Air Secretary as having been
effectively and Loyalty per-
formed. The President did not
discuss the ethics of the matter,
other than to say the Secretary
had made the right decision.
Mr.. Talbot has been interest
ed in aircraft development all
of his life. For a time during
World War II he was head Of
the Aircraft Division Of the War
Production Board.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02
BOYS CLUB
Continued From First Page

NOHttHucu EEUH nSt age
now using club and camp facili-
ties are colored youths. They
said at least 81 per cent of the
financial support comes from
white contributors. The annual
budget runs around $350.000.
Text Of Resolution
The text of the resolution
adopted by the directors:
Whereas. the purpose and
function of the Boys Club Of the
Metropolitan Police, D. c.. since
its organization have been d.
rected to the curbing of juvenile
delinquency. and
Whereas, the results of the
operations Of the Boys Cluos
and camps, in cooperation with
the Metropolitan Police, D. c.,
during the % years of their ex-
istence have been highly sue
ceSsful in achieving this desired
result, and
Whereas, it is the judgment
of the Board Of Directors OF
the Boys Club of the Metropoli-
tan Police, D. c., that this con-
tinued successful operation is
in the best interest of all the
citizens of the District of CO.
lumbia, whose financial sup
port makes possible its opera
ton; as well as the $4,000 boys
who use the club and camp
facilities, now.
Therefore, be it resolved that
based upon present conditions
It is the judgment of the Board
Of Directors Of the Boys Club OF
the Metropolitan Police, D. c.,
that for the present time the OPP
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02

The tert OF letters er-
changed By Secretary OF the
| Air Force Talbot and PreSi-
dent Eisenhower on Mr.. Tai
bolts resignation from his
Pentagon post:
Dear Mr.. President:
Because I would not in any
circumstances wish to be a source
of embarrassment to you. or to
your splendid administration. ]
herewith tender you my resigna-
ton as Secretary Of the Air
Force. to take effect at your
pleasure.
I consider that the position !
have held in your administration
has been one Of great honor. My
service to you. to our country,
and to our Air Force, has given
me more satisfaction than any
thing in my life.
When / came to Washington
in January, 1858. I disposed Of
my private interests In manner
which was assured was COM
pIetely acceptable to the Senate.
/ Invested myself of investments
which represented a long career
in business ! did this gladly, as
many other man have done, for
lit was an inspiration to be
found worthy of assuming the
office have held.
The recent unfortunate and !
believe distorted publicity given
to my continued association with
ACKNOWLEDGEMENTS firm
has been a matter Of deep con-
Germ to me. Before the Senate
confirmed me, it agreed to my
retention of this interest.
I am clear in my mind and
conscience that my actions have
been within the bounds of ethics.
This connection has never influ-
Ienced me, or interfered in the
slightest with the discharge OF
my responsibilities as Secretary
of the Air Force. and I have
never used that office to further
its business. I have done my
utmost to observe the high
standards you have set for your
official family. For the past two
and one-half years. I have de-
voted my untiring efforts and
energies to the task Of building
up the greatest air force in the
world. I hope and believe that
my efforts have met with some
measure Of success.
/ 1t has been my privilege TO
serve under the greatest Pres
Iident of my lifetime. Permit me
to express my deep admiration
for you personally. and my
thanks for all the kindness and
consideration you have shown
me throughout the time I have
held ONCE.
Sincerely.
/ H. E. Talbot.
| President EisenhoWer's reply:
Dear Harold:
| The Secretary of Defense
brought to me, this morning.
your letter of resignation.
| / know full well and appre-
ciate deeply the tireless energy
and effort you have given to the
Air Force. Under your leader
ship. it has become ever
stronger in the defense Of our
Nation. Your diligence in the
administration of your depart
ment has been unexcelled.
| On behalf of our people and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02
TALBOT
Continued From First Page

Continued From First Page
Presidents hands. Then, early
yesterday. Defense Secretary
Wilson took the letter of resig-
nation to the President.
Mr.. Talbot wrote the Presi-
dent he was resigning because
I would not in any circumstances
wish to be source of embarrass-
ment to you or to your splendid
administration. :"
Told of Business Tie
The Secretary said that when
he came to Washington in Janu-
airy. 1858. Il disposed of my
private interests in a manner
which I was assured was COM
pletely acceptable to the Senate. I"
At the time. Mr.. Talbot had
informed the Senate Armed
Services Committee that he was
retaining half interest in Paul B.
Mulligan e. Co., which makes
clerical efficiency surveys for
other firms.
But he told the committee he
would not share in the profits of
work performed by the Mulligan
Co. for firms engaged essen
TALLY" in defense work. A "spe-
cial partnership" he said. had
been set up to take care of that.
But it was disclosed the special
partnership" arrangement was
never used, and that a few of the
Mulligan clients were holders Of
Air Force contracts.
In his letter OF resignation.
Mr.. Talbot referred to the dis
torted publicity" which was given
his continued association with
the Mulligan Co.
In the Talbott-Mulligan files.
which the partners gave the
Senate subcommittee voluntarily
were letters Mr.. Talbot had
written. some on Air Force sta
tionery. urging various indus
trialiSts to do business with Null
ligan & Co. The Secretary de-
MED there was anything i'm
proper in the correspondence,
pointing out that nearly all of
the people he had written were
intimate" friends from the
business world.
The Senate hearing disclosed
that the Radio Corporation of
America early this year had
questioned both the propriety
and legality Of doing busin ass
with the Mulligan Co.. in vi w
iof the Air Secretarys interest 4
the company. RCA has larg
contracts with the Air Force.
Mr.. Talbot had Air Force
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02

erations of its clubs and camps
will be continued under policies
that have proved successful in
achieving their principal pur-
poses"
Founded in 1884
The Boys Club was founded
on George Washingtons Birth
day in 1884 by former police
chief Ernest w. Brown.
At the outset just 200 youths
were enrolled. During the 2lst
anniversary celebration last Feb
ruary, it was estimated that
10000 boys have participated
in the club program to date.
The original club was quar-
tered in the endorsement of old
No. S precinct in the Southeast
In time, eight clubhouses were
established, all modernly -tquip-
ped. In addition. the organiza-
ton established two large camps
at Scotland. Md, providing free
summer vacations of two weeks
each for some 1000 youths.
The organization owns three
buildings in which it operates
clubs. These are Club No. 4
for white youths, in the South
west; the Southwest Club for
Icolored boys and No. 10. for ccf-
Iored. at Twelfth and U streets
NV.
Two clubs are operated in
buildings turned over by the
Commissioners. One for whites
at Club No. 5 in an old firehouSe
near the Navy Yard. The other
for colored. is No. 2. at the old
Walkers School, Third and L
streets NV. Both of these
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-08-02
Six ways to
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