davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-18
MONEY CRISIS
Is Housing Industry
Headed for Trouble?

1t to the home buyer. Under
Secretary Of the Treasury w.
Randolph Burgess testified:
I'VE cannot run the infla-
tionary risks of manufactur-
ing money through bank
credit to encourage a level of
housing starts that probably
could not be sustained be-
cause OF shortages of labor
and materials When a bank
lends money it creates the
money legally.
Nuts" is. in effect, the re-
ply of Mr. KeySerling, who
has many Democratic follow
erS on Capitol Hill. Housing
construction "is moving
sharply and dangerously in
the wrong direction"
Restraining credit demand
without substituting some
other demand is dangerous
he adds, Ioi housing is i'm
portant to the whole economy
and a IA per cent decline in
housing construction since
January is "a very unfortu-
nate augury."
Builder Levitt seems really
sore. The home building
business is rotten, really low,
and has been for the last so
days" due to the lack of and
price of mortgage money. Last
summers Veterans Admins
tration and FILA Tightening"
Of their insurance terms-in-
GLIDING reduction of mortgage
life from 80 years to IS and
calling for a 2 per cent down
payment by a veteran home
buyer-will cause a 20 per cent
decline in home building in
1856. Mr.. Levitt predicts.
Looking for new sources Of
mortgage money. he suggests
tapping pension funds.
To commercial bankers an
owners equity Of only 2 per
cent in a new house seems
ridiculous. And now there is
talk about relaxing the modest
restrictions imposed by the VA
and FILA last summer. The
veteran who buys a house
with no down payment is
buying with the house a re-
frigerator, heating unit, dish
washer and other hardware
that will have to be replaced
several times before the mort
gage Is paid OF. Some hold
that even 80 months is too
long q credit term for the
purchase Of such goods. let
alone IS to 80 years. Yet this
practice has been made part
OF the American economic
scene by q vote-conscious Con-
gress.
Eosy Money PeriIs
Government mortgage in
surance and easy mortgage
money have made 1t cheaper
for many persons to own than
to rent their homes. And the
small equities these owners
have In their homes makes 1t
tempting to sell their homes
at a "profit." Many who do SO
do not realize that they are
still responsible for the mort
gage. The abuses induced by
too easy mortgage money fire.
quently accelerate the depre-
citation rate not only Of indi-
vidual houses but Of whole
neighborhoods.
The demand for houses, es-
pecially on the easy terms
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-18
BY HERBERT BRATTER

@1@c-@&~@~@
The rip-roaring housing
boom that took hold in 1854
has lately given some signs Of
wanting to slow down for
breath. Either way it's an
intriguing subject at both ends
Of Pennsylvania avenue. Late
in November Senator John
Sparkman, Democrat Of Ala
bama, chairman of a housing
subcommittee, held one-man
''round-table" hearings at
which those who promulgate
executive financial policies af-
fecting home building were
confronted by representative
builders. insurance men,
bankers and economists.
Mainstay Of the current
housing boom has been the
veteran, for whose benefit the
Congress has enacted mort
gage insurance. Easy money
does it. In recent years hun
dreds of thousands of veterans
have become property owners,
many Of them on the basis of
nothing down and 80 years to
pay" There are about las
million World War II veterans
and AZ million Korean vet
Grams. Only 26 per cent Of the
former and 5 per cent of the
latter have thus far availed
themselves of Uncle Sans
readiness to stand sponsor for
their purchase of a home. And
virtually every one of the re-
naming "A per cent and '95
per cent can vote in next years
elections.
Why is the housing boom
out Of breath just now? Build
ers will tell you: Mortgage
money is getting scarce. due
to the credit restrictions be-
ing applied by the Federal Re-
serve Board" Those restric-
lions. said Senator Sparkman
on opening the hearings, are
"jeopardizing the orderly
growth Of the home building
industry" So he had Board
Chairman William McChesney
Martin up to explain. If he
could, what the Federal Re-
serve means by tightening
mortgage money. Mr.. Martin
explained, but Leon Keyser-
hng-once President Truman's
chief economist-and jet-age
builder William Levitt lost no
time in saying they couldn't
possibly disagree more with
the credit managers here.
The Reserve Board and the
"A " IA ~ AStA htAUu tluOukklUuL
1850 year Of full employ
ment and widespread prosper
ity-have sought to keep the
economy from getting out Of
hand. This is their duty. The
Administration. in addition.
has in mind next years cleo
tons and certainly doesn't
want business recession, which
history teaches comes sooner
or later. to come too soon.
Both the Reserve Board and
the administration have been
tightening credit generally this
year to keep the purchasing
power Of the dollar stable and
avoid imitation. So far they
have been rather lucky.
Conflicting Views
The conservative view of
our present money managers
IN Washington Is that home
buying should be financed out
OF the Nations savings. not by
printing money and lending
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-18

Students III to 16), Csc
Children Under IL, Soc
HOURS: Open Daily 2 Pm. till
10 PM. Sat. and Sun. IL Am.
till 10 Pm. Water temperature,
80 degrees, Room temperature,
IS degrees.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-09-25
G. Q. p. Wives Hit Back
AT WASHINGTON Pitfalls

Of her husbands new col.
league. The two women COM
pared notes later.
It's an old social trick In
washington. that works almost
every time on the lninitiated.
Other newcomers have ended
up In the wrong" parts Of
town. Still others, though
satisfactorily housed. have re-
manned lonely and isolated
because they didn't know that
official Washington. unlike the
rest Of the country, dictates
that the newcomer do the
calling on the established
residents.
The turnover at the top
levels was 50 complete that
there were very few holdover
ofiicials to whom the newcom-
ers could turn for advice tand
those few were Democrats,
whom they were reluctant to
ask.
Now that the second team Is
beginning To- take over many
administration posts tespe-
cially at the subcabinet level.
the wives who weathered the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-09-25

Georgetown house on Dunn
barton avenue owned BY the
Ken Bottoms Of Ohio. It has
. sale price on 1t Of . mere
$500. 900.
Oveta Cup Hobby's teen-age
daughter Jessica went to Coz
luInbia University last year but
decided not to 60 back this
year for q reason that tickles
the fancy Of both her parents.
/ Shes gotten herself q Job
editing d little .'throwaway.
paper distributed In the swish
part Of Houston. When she
gets In . tough spot she calls
UP the bosses Of the biggest
paper in Texas for advice. her
parents.
Young Ceci Carusi win be
married October ~ ct Our
Lady Of Victory Church on
Macarthur boulevard. Her 26-
year-old French lance arr
riyes next week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-09-25
BY isabelle SHELTON

The wives Of high level FL
senhower appointees have
banded together to help in
coming officials avoid the
snares and pitfalls Of official
washington.
The new service grew out Of
the unexpected headaches
which befelI the flrst wave Of
the "new team" when they de-
scended In force two and q
half years ago.
Out Of power for 20 years.
the newcomers not only had
to learn the art Of government;
they also needed help In such
matters as housing. schools,
District tax and trafiic regula-
tions and the niceties Of ofIi-
cial protocol.
There was another aspect,
harder to define, which can be
explained by recalling an ex-
perience which actually befell
two subcabinet wives shortly
after they came here in 1858.
A Hoax
Both ladies were invited to
tea BY q woman they had never
met. The hostess told each
woman that the tea was I'm
honor Of the other. Both
Vemen came. feeling an obli-
ion to do honor to the wife
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-09-25
EXCLUSIVELY YOURS

-. ~ =. n H.. Aa.T ~.
uon s..sm 49, = ..l't ~.
..o. .s 8, ~ -, 49, 1.. - sl s ~.
.,a $3.50. 4 - ~. s,,. 800 = ss
!. 80 -
sen ~ ~ : 49,: Saas
Jolly. sou!lnuous MasAcL -
~. 49, .Mr wUuaa y = $3.50
10y p. y " = -. ~. = 49,, ~ go 49,
= - -, .s \, 49, y, 49, -. , - \,
~, W. . II. 1880 =, e t,, c o,,t
Was4 ss e ''
THE EXHAUST1NG LIFE:
Speaking Of b ball. no white tie
season In recent years has had
such q sendon as we're getting
here IN the next six weeks with
the huge Navy Relief Ball on
October 81. the stupendons Ma
tional Symphony Ball on the
29th, and the ditto Internal
tionai Ball on November 10.
f.an Washington supuort
s,,e,, fancy Dement'S At such 4
fasf and flrio,Is nace9 The
answer 4 SIRE
peonle MI, nav <2s ! TICKET
-. a. affair i;ka the lafter
trn lsrhich s,,c,,,de dinner, ~
e1n Ia the Net tasles 81 the
New NJ - Ra,i ru,scb doesn4 in-
c,,,de d;rnsr nrcuid,nc "a
cn,,,.s. tlers ~. y,,vae Au,e,.i-
IA, y. - .s.sl -, 80.
prize.
The ambassadors Of Norway.
sweden and Denmark have Of
tered two free tickets ON the
scandinavian Airlines for q
visit In their countries to the
National Symphony BAN.
Along with 4 flock Of other
prizes valued from 500 on up,
it win 70 TO someone who puts
In q bid on the Packard con-
vertible to be auctioned on. 3. !.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-09-25
~ BETTY BEALE

i
Anne Morrow Lindbergh has
explained to me why the social
race In Washington + Q killing
one.
she writes IN ''Gift From the
sea'"The most exhausting
thing IN life. ! have discovered.
Is being insincere. That Is why
% much OF social life Is ex-
haustine: one Is wearing 9
mask"
She has bit the washington
Monument on the top Of its
pointed head!
When Il comes to wearing
masks, the New Orleans Mardi
Gras Is q SLOUGH compared to
the normal. everyday social
circuit In the Nations Capital.
The cabinet ofiicer who has
To attend an embassy crush
ct the end Of d heavy day
curses his lot until his limou-
sine door Is opened. but oh
what d beatific smile he puts
on when he gets tlerel
The ambassador host thanks
his lucky stars when the VIP's
turn up. but he didn't really
want to give the party. The
caterers bill in this expensive
land win be staggering fact
they never appreciate back In
the home country.
And Nh. Envoy might have
been curled UP in his study
with 3 good French novel or
slipping q tall one ct the 18th
hole. But he's 20 hearty you'd
think this event was the peak
Of his career.
The socialities never drop
their masks the one OF proper
respect reserved for vIP's: the
one Of boundless enthusiasm
II the vIP is also q blueblood:
and the polite freeze for the
more aggressive climbers.
They humble under their
breaths about feeling positive-
" nauseous over such an UNI
ebelievable collection under one
roof.
The politician puts on q big
warm front all the time even
though he's getting dyspepsia
doing It.
The military are trained to
mask their feelings from their
first day at academy or boot
camp. Maybe that's why they
get tired and retired so early.
The eager publicity seekers
Haunt themselves with gayety
to catch every ones eye though
they could cheerfully poison
all who don't respond to their
devastating charm.
And the society reporters
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-09-25

NAVY BALL UNDER THE BIG alike ore
Coy leove they offend the Navy Relief Balls Oco
Der III ord thssoiI NoyoI Gun Focoy The Noy wives
have been charh boIs using their Ingenuity
tronsofa the Soil Loft circus complete with ohe
toppino first night o the boil will be for officers and the
night Proceeds 90 District Of Columbia
Auxiliary Of Navy Relief Above Mrs Frederick M siesbero left and
Mrs "a Fl soucek check e oeino sketch Of playful seal against
finished product He the many erected the fol-
ented artists decorate the Sail Loft.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02

49, A.. A. -11.t. .x.-
oue ens sun sne saLtn = ssal,
$500 y al Insps y 10
tsoshlIls y og VII sne pLouuc. !.
llon q Enioz0pllyn. "a, g, p "
ones tnis was accompnsnea y
1, L. carLleu On tne puslnees 9.
l ll,e. tnlouen lss raala.lols =
Visible hsns ana, tntgugn loI =.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02

Icoloring materials in foliage
which has unique function Of
trapping certain waFelengths Of
sunshine. BY means Of their
energy it combines carbon from
the minute supply OF carbon d.
oxide in the air and hydrogen
from water into simple starehes
and sugars.
This photosynthesis Is the
cornerstone Of all life on earth
today. BY means Of photosyn-
thesis animal creation eats.
Through 1t were stored up al
the worlds coal and oil deposit,
The thesis advanced By Or.
Gaffron was that chIorophyll
and other light-frapping dyes
preceded the an1algamation Of
the light created amino acids
into the very complex protein
molecules which are the build
ing stones of the animal body.
That is. chlorophyll preceded
plants. Plants preceded animals.
Life. Of course. may have
existed before. There recently
have been discovered bacteria,
one-celled plants. which can live
only without oxygen. They die
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02

lne inseane oAysen . lnefO1ucee
INTO tner enylronmen.. 1nes
90 y saNe1, noWes ~. ss ane ~.
nspalx 1pIsve. atsss 49, !
colollhg mateLlAi y intLoouesu
Oxygen itself often has been
described Is the gas OF life
Primeval life apparently had 70
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02
Court Bans Claim
For S. Million Tex
~ the Associated Press

The United States Tax Couri
has disaIlowed income tax de-
|fciency claims totalling IS mil
lion against William s. Jack and
Ralph M. Heintz, who made So
million profit In a Cleveland wal
plant.
The Government had moi
charged the two men with fraud,
but claimed the pair should
have paid 88 per cent income
tax instead Of IS per cent cap
ital gains tax on SIS million they
received in cash when they sold
their firm In 1916.
The claims were $2.501 .456
against Mr.. Jack and $500, 1853
against Mr.. Heintz. With inter-
est since l947, the total sought
BY the Government was $3.50, :
900. 4
MI. Jack and Mr.. Heintz
opened the plant to make air.
plane and auto parts in 1910
with q stock interest of $87, 600
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02

short wave ultraviolet and with.
out 1t noslife on earth would be
possible. Everything would be
buened up.
Before the ozone blanket was
formed, said DR.. Gat1ron. turn
ing to some Of his own work
and that Of his collaborators,
some Of the amino acids must
have combined to form colored
substances. These s'dyes' were
able to make use Of the solar ra-
diation, the small range Of visible
light. which was able to get
through the ozone blanket. This
was done In part BY picking up
certain metallic elements, like
iron and magnesium. Of which
there were atoms In the original
atmosphere.
Experiments have shown, he
said, that the amino acids might
well have combined to produce
q type Of chemical combinations
known as porophyns. The most
familiar Of these is the hemin
which makes the blood red.
BY e somewhat more compli-
Gated process was formed the dye
chlorop1yll. This Is the green
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02

CnlcagO DlOcneIllStS.
This remarkable development
was revealed at the World Con-
ference on Solar Energy here to-
day. From it has come. step by
step, a new picture Of the devel-
opment Of organic creation.
It has been up to now the
work of q hundred men, accord
ing to Dr.. Hans Gaffron Of the
Chicago faculty.
And remember he said. ut
probably will be another thou
sand years before we know how
life itself started.
For some years now DR.. Har-
old Urey has been Specializing
about the creation Of the uni
verse and Of the earth. He postu-
lated IN the beginning q ball of
solid matter with an atmosphere
composed Of four gasses meth
ane or marsh gas which con-
tains carbon. ammonia. nitrogen
and water vapor. There was no
free oxygen. It was all bound up
ID the waters Of the primevai
seas and In the atmospheric
water vapOr.
The University Of Chicago sci
entists made q mixture 81 Or.
Urey's primeyal gases and sent
electrical discharges through
them. They might have used III
traviolet light, the invisible short
wave radiation Of the sun except
for certain technical difficulties.
Both would have accomplished
the same ends. Ultraviolet was
far more abundant in the solar
spectrum reaching the earth at
that time.
This ultraviolet radiation ac-
ccrnplished two things. DR.. CAT
from explained. First 1t combined
the primevai gases into the
amino acids. Next it split up
water molecules In the prifnevaI
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02
Pigeons Grow Corn
On Chicago Church

CHICAGO R1sPige0ns at1p
the Gresham Methodist Church
have a corn crop this year
they grew it themselves.
Rev e. Lester said he dis
covered q corn stalk growing in
Ia rain gutter near q pigeons
nest. He had only one explaHa-
ton:
Kernels Of corn carried to the
nest by the pigeons were dropped
into dirt In the gutter and grew.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02

seas and the atmospnere's water
vapor. releasing free oxygen.
This might wen have been the
end Of the story. for q lot of the
oxygen combined into molecules
of the pungent gas ozone which
formed q blanket around the
earth about SO miles high. This
blanket shuts Oh. most Of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02

for Mrs. Jack and $4,000 for
Mrs. Heintz. They sold their
stock IN 1916 to q New York In
vestment group for So liailli1n,
including IS million cash. DID,
ing the six years they drew 20
dividends. but each received
compensation Of 1880.
Mr.. Jack now operates an ar
craft Photographic equipkneht
plant at Rancho Santa Re, near
San Diego. Calf. Mr.. Hefntz IS
q consulting engineer with Z 3
laboratory at Los Gatos, Calf
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02

Victorion furniture Is clwow in style !.
more 50 today than ever beforei Here's
everything Greet Grondmo had in 1855
with fresh 1855 floirl Most
people just cont resist II and we don't
think you will either! You'll love III
beautiful tufted upholstery, delightful
stonce and flowery, hond-corved frornes
of solid mahogany Choose from the
largest collection ever assembled in
Washington at these outstanding prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02
Gr0ap Hlustrated at Left

s575 Jeffenon Davis MsdaIion Sole. De
lpe medallion sofa IN solid mahogany, richly
bond carved. Biscuit tufted in choice Of
vebets bDpcotelle ond Tapestry. ----------
$50 Dolly Madison Ladfs Choir. Yes, rs
solid mohooony, ond Is richly cored os The
priceless original! Rose carved designs. 6-
chEvely Upholstered ------4--4--------
$l3o Napoleon GeatIemon's Choir. Solid
mohooory frome, elegantly coned By hond,
n authentic destons Deeply biscuit tufted
back ord SIDES. Choice Of fcbrics. -------
Slo5 Solid Mahogany Cocktail Tuble. A
masterpiece Of furniture craftsmanship, a.
inch dimensions, mode Of solid mnhoeony.
Beautiful beyeled-edoe imported osul morble
$50 Lyrs Base Lamp Tobls. Hond-coNed
Of sold mahogany with imported ltdlicn
marble TOP, hond-tisted coHed drowef ----
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-11-02
Building Stones Of Life
Now Greeted BY Mon

TUCSON Ariz., Nov. 2.Man has created the build
Ing stones of life, as the sun created them
Production of "a amino acidsout Of which are
built protens out of which built animals four
gases presumably present in the primeval atmosphere
81 the earth has been accomplished by University Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-11
Reiffs Returning,
Freemuns Goinq

When Col. and Mrs. Stanley
G. Reiff arrive in January
they will be returning to ia
miliar places. Col. Reiff was
here on active duty from 1850
SO, and they still own their
own home in Falls Church.
Col. Reiff has been district
engineer at Tulsa. Okla. He
returns here as chief of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-11

Technical Liaison Division,
Office of Army Chief of Engi-
neers. With him will be Mrs.
Reiff and their children Diana
and Stanley, jr.
Col. Delbert B. Freeman,
who has been technical liai-
son chief. has been assigned
to the Army Language School,
Monterey. Calf. for a Ave
month course prior to duty in
Bolivia.
Col. and Mrs. Freeman. after
a round Of parties here and at
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-11

Fort Belvoir, Va, are of to-
morrow morning for a short
leave before going to Cali
fornia. They plan to stay sew
eral days with their son-in-
law and daughter. Air Force
Capt. and Mrs. Alfred E. Jones,
in Pittsburgh. and see their
grandchildren Pamela and
Michael.
Miss Alice E. Riley. Mrs.
Freeman's sister, will be their
hostess in Kansas City, Mo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-11

In Fort Worth. Tex, Col.
Freeman's cousins. Mr.. and
Mrs. Bert E. Godfrey, will en-
terrain them. They will spend
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-11

Christmas with his parents,
Mr.. and Mrs. Bliss Freeman at
Las Cruces, N. Mex, and be-
fore going on to Monterey
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-12-11

they will visit Mr.. and Mrs.
Robert e. McElroy in Phoenix,
Ariz. The latter is Col. Free
mans sister.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1955-07-29
Couple Won't Give
Up Adopted Child;
Go Into Hiding

BOSTON - NC) - The nation
ally publicized case of a Jewish
couple facing arrest for refusal to
give up custody of a four-year-old
Catholic girl they have raised from
infancy, continued at a stalemate
here.
The couple, Mr.. and Mrs. Mel
vim B. Ellis of Brookline, and the
girl, Hildy Mccoy, are in hiding.
Their attorney, James Zisman,
claims he does not know their
whereabouts, but acknowledged
that Mr.. Ellis communicates with
him regularly by telephone.
Meanwhile sheriffs In all Massa.
chusetts counties are seeking the
couple and the girl. Massachusetts
courts have ruled they could not
legally adopt the child.
The Mccoy child has lived with
the Ellises since she was 10 days
old. Her mother said that, at the
insistence of her mother and hel
doctor. she agreed to let the Ellis
es have the child. Shortly after
ward, she learned that the Ellise'
we're not Catholics and instituted
proceedings to void her custod.
consent so that the child could b,
placed In a Catholic foster home.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1955-07-29
American Jews
Question Motives
OF Hungarian Reds

NEW YORK - NC) -- The pre-
sident of the American Jewish
Committee has issued a statement
expressing the organizations joy
over the reported release of His
Eminence Josef Cardinal Mindsz-
enty, Primate of Hungary, but at
the same time questioning the mo-
tives of the Hungarian communists
in freeing the prelate at this time.
1--WE wonder" said AJC Presi-
dent Irving M. Engle, "if the dis
tinguished Cardinal would have
been released at this time had it
not served communist political ex-
pediency on the eve of the Geneva
Conference.
1.-THE fact is that while Cardinal
Mindszenty has been given his
freedom" continued Mr.. Engie,
"the communist government of
Hungary has made no similar move
to release the thousands of others,
including Catholics, Protestants
and Jews, imprisoned for no other
reason than their religion. Free
dom for these less notable persons
might convince the world that the
communist government is really
sincere in their professed desire
to relieve international tension"