davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27

When Jacques Cartier returned to
France after discovering what is
now Canada's Province Of Quebec
in 1884, an Indian chiefs two sons.
Taignovaguy and Damagaya. sailed
with him.
To Francis I of France they re-
peated the same yarn their tribe had
told Cartier-about the fabulous
Kingdom of SagueAay' and its is
land capital. Hochelaga. where UNI
told wealth was to be. found and
where the inhabitants wore ropes
of gold around their necks.
History has it that this tale had
more to do with obtaining big-time
support for Carriers second and
larger expedition than the rather
matter-of- fact reports on what he
actually had found.
But except for the existence of
Hochelaga, a village where modern
Montreal now stands. most OF the
story was pure bunk.
The odd thing is that Taignova-
guy and Damagaya, If they could
visit Quebec Province today, would
realize that they had grossly under
estimated the situation.
Treasure Wos There
The wealth actually was there
wealth that would have taxed the
powers of exaggeration even of these
two red-skinned MunchausenS. But
it was wealth locked in the great
silent forests, in the immense shield
of mineral-rich crystalline rock that
forms the backbone of North Amer
lea and in the swift waters that
plunge down over the great shield
to tidewater along one of the worlds
greatest inland waterways. 1t is
huge treasure chest to which the
white man has found the key and
from which. even in 1855, he is only
starting to pull industrial plums
that leave even an American o.
server used to such things bit
dazed.
The size of Quebec alone is i'm
presslve. 1t is as big as our 20
northeasternmost States combined.
1t is more than twice as large as
Texas.
The industrial revolution cannot
be said to have made Its appearance
in Quebec until the turn OF the CEN
tury, but since then it has bur-
geoned. Quebec has been in the
vanguard of Canada's post-World
War II boom. American. British
and Canadian capital teamed with
the French-speaking Canadians.
who have lost nothing Of the elan
which Helped open up the continent
in the days of Frontenac. La Sale
and Du Lhut, are making things
hum.
Quebecs people believe they are
going places and have only started.
To agree with this thesis one has
only to visit:
Q Trois Rivieres, half way between
Montreal and Quebec City. wnare
the St. Maurice River joins the
st. Lawrence. This third Oldest
city in the province now is The
paper-making capital of the world,
king pin in Canada's No. l industry.
It produces 2,400 tons of newsprint
a day, 61a per cent Of world produc-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27
Over-the-Counter

@. Now what about these overtime
counter stocks? Can you 20 to your
broker and buy them?
A. Stocks traded over the counter,
In effect, are traded between bro
kerage houses. There will be q num-
Der Of houses that will make q
market in the stock. They will be
willing to buy anybody's stock at a
certain price or sell at q certain
price. And they actually have an
inventory Of that stock. Now, If
you decide you want to buy an over
the-counter stock you 60 to your
broker. He calls the various houses
that are making q market in Il.
finds out which one is Offering stock
the cheapest.
@. To get back to the stock sx-
change. How does . person get the
right to 30 into the New York Stock
Exchange. for instance, and buy
and sell?
A. Nobody can 90 on the floor Of
the New York Stock Exchange and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27

their strong intellectual convictions.
The small group of cooperative
representatives supposedly are carry
ing the message of millions who
shop at the cooperative stores. In
fact. not one-tenth of one per cent
of members Of consumer co-opera-
tives take any interest in co-opera-
tive politics or elections. Thus the
cooperative representatives are
generally people who are, at the same
time, active in the local Labor
Parties.
Trode Union Vote
The trade union representatives
are usually the key to the voting
puzzle. They carry the votes Of all
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27
By Louis K. Muther

The political death Of Aneurin
Bevan, widely acclaimed a week ago,
may prove to be as greatly exag-
gerated as the death Of Mark Twain.
The political corpse is showing
signs of life. Prime Minister Church.
i'll hopes Mr.. Bevan will survive to
become the undertaken for the whole
Labor Party. Others. however. be-
lieve that he can still complete the
trip from a Welsh miners cottage to
10 Downing street.
Mr.. Bevan is still more naturally
gifted than any other politician in
the Labor Party, but has always
caused his own political troubles by
refusal to compromise with his col
leagues in a party which contains
many shades of opinion.
Mr.. Bevan may yet become Prime
Minister, although he was expelled
from the Parliamentary Labor Party
on March is. Events may prove
that Mr.. Bevan not only invited that
blow but is preparing to deliver a
counterpunch-at the next Labor
Party annual conference-which will
give him a TKO victory over Glenn
ent Attlee.
Compromise?
The National Executive group Of
the Labor Party is not demanding o
showdown. The board voted last
week to ask Mr.. Bevan to compro-
mise with them and thereby avoid
q formal expulsion move at the fall
conference. In other words, the
headmaster who expelled the bad
boy is now pleading for him to come
back on terms acceptable to both.
What is Bevan's actual position
In British politics today9
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27

actually execute orders unless he Is
q member.
Q. How do you become = member?
A. You have to buy what is called
o seat on the exchange. First you
have to be approved. Now, to be
approved, you must meet certain
requirements and you are required
to have certain financial response
bility. In addition to being able to
afford to buy q seat. you have to
have something like 100000 in as
sets to show you're going concern.
Q. How much does seat cost?
A. A seat sold recently for $85, 900.
They sold as high as $500, 1000 in 1929.
@. From whom do you buy the
seat?
A. From q member who is willing
to sell. There's limited number Of
seats.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27
By Rudolph Kouffmonn II

Dy kuooIph NouIImonh u
ton (the United States produces
only 10 per cent of the world totaD.
Q The st. Maurice River, plunging
1000 feet to deep water in less
than 200 miles with six hydroelec-
trio power stations in operation and
four more on the drawing boards
that together will produce a total
Of 2.5 million horsepower in sup
port of a complex of chemical
plants at Shawinigan Falls GO miles
from deep water in addition to
the huge Trois Rivieres paper ma
chimes.
. The City of Arvida, on the
Saguenay River north of Quebec
and a cannon shot from 100-fath-
ON deep water, where the ALUMNI
mum Co. of Canada produces
IS per cent of the worlds alumni
mum with bauxite from British
Guiana and West Africa and cleo
tricity from one of the worlds
largest power installations. (The
generators at nearby ShipSaw-
largest in Canada, at the moment
produce is million horsepower.
Other dams up the watershed on
tributaries larger than the Po-
tonlac produce another IL mil
lion horsepower
Q The st. Lawrence Cement Co.
at Quebec City where $13 million
in Swiss capital has built whats
may well be the worlds most up
to-date cement plant. ct started
production in January. boasts the
largest cement kiln-402 inches in
diameter-in North American
I . Johns-Manville's immense as
bc5toS mines and processing plant
at the company town of Asbestos
Canada produces IS per cent of the
worlds asbestos, virtually all of it
at three locations in Southeastern
Quebec-Asbestos, Thetford and
Black Rock
. Sorel Industries, Ltd. some 40
miles downriver from Montreal
where the Richelieu joins the St.
Lawrence. Owned and operated by
a single family. the SimardS, its So
acres of plants and shipyards and
more than two thousand machines
turn out products ranging from
aluminium milk bottle caps to cor
vettes for the Canadian Navy and
guns for the U. S. Navy and U. S.,
Canadian and British Armies.
. Canadian, Ltd, in Montreal, now
turning out SabrejetS for the
air forces of the West plus still clas-
sified CL-28 antisubmarine recon-
Nuisance planes for the RCAF and
guided missiles. cts sales since
1949 top the $400 million mark
. Brown Boverie (Canada), Ltd.
at st. Jean, Province of Quebec,
whose plant, established in 1852,
produces industrial electrical equip
ment including power transformers.
distribution transformers and air
blast circuit breakers.
Quebee's Shore
This is only the cream of indus
trial Quebec. A once-over-lightly of
Quebec's industrial balance sheet re-
veals. for instance:
. That Quebec contributes 80
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27

their talk, primarily, and the type
of stocks they're interested in. A
trader is usually interested in a
lower grade, a more risky stock.
@. We've taken care Of the man
who goes to the broker knowing what
he wants. What about the person
who has a little money and comes
to the broker looking for help and
advice? What happens then?
A. Well, everybody. whether or not
they ever buy shares of stock. should
have a financial plan, and I think
the broker, to do his very best job,
should ask some pretty personal
questions of that individual. He
should discuss such matters as: Does
the individual have adequate pro-
lection set aside in case of pfema-
ture death? BY that I mean. of
course, adequate insurance to pro-
tect his family should he die. Does
the individual have an emergency
reserve, some funds set aside, should
there be sudden illness in the fam
lily, sudden call for funds, so that
once he buys stocks or real estate
he's never forced to sell except when
it's to his best interest to do so?
The amount of emergency reserve.
the amount of insurance an indi-
vidual should have. obviously varies
with cases, depending on the number
of dependents, the amount of debt
outstanding, the amount of business
responsibilities. To do real in
vestment job the registered repre-
sentative should inquire into such
matters. Now, once person has
that emergency reserve and has ade-
quate protection in the form of in
surance. then he's in a position to
consider buying stocks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27
Bevon's Political Demise More Apparent Than Actual

facing an election, throw out
Aneurin Bevan or not?" That will DO
the question, and from now until
September Bevan supporters will be
working hard to get control Of moro
of the trade union vote. 1t Is likely
that the struggle will be a close
one indeed.
Significance
Just what does 1t all mean to
America? It means that the Labor
Party has not yet suffered the coll
lapse which was widely prophesied
last week. While the party is GER
tainly in turmoil. 1t is "bipolarised"
rather than split.
If Mr.. Churchill thought the
Laborites we're seriously split, he
would call the general election i'm
mediately.
AS far as America Is concerned
q final victory for Mr.. Bevan would
be uncomfortable but far from dis
astrous. AS a prime minister. who
had to worry about the budget as
well as the services Of a welfare
state. Aneurin Bevan might show
much more stability. In the in
ternational field his class-conscious
approach to all questions may
make him a closer friend of India
and other formerly subjugated peo-
piles than ever Mr.. Churchill could
be. His opposition to communism,
as an international movement, has
never been in doubt in Britain.
Whether Mr.. Bevan is to sue
coed or to fail, the events Of March
Is make It clear that he has sound
ed the tocsin Of revolt with q clear
view of all that it means. He is
no longer willing to serve in an
Affected cabinet. but wishes to
be prime minister or go down to
defeat, possibly taking his party out
Of power for ut least 10 years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27
,ck Market Primer for Wou|d-Be Investors

The Falbright Committees IN
peStigation has conferred atten-
ton on the stock market. What
Is tt7 Hoto does 1t operate?
Here Is a primer on securities,
obtained In an interuteto by The
Sunday Star stat NTH George
M. Ferris, r., partner OF Ferris
and Company, members OF the
New York and Philadelphia
Baltimore Stock Exchanges and
associate members OF the Amer
lean Stock Exchange.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27
Who's in Market?

Q. In nm average brokerage house
how many clients are investors and
hew many are spectators?
A. would say 30 per cent today
are investors as opposed TO 40 ner
cent spectators.
q. Hew do you tell an investor
from speculator?
A. Well you can usually tell from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27
Why Buy?

U. why does one Duy common
stocks?
A. A person buys common stock
to obtain q better return on his
money. Many common stocks pay
dividends. Our own Washington
Gas Light is in its 1880 straight year
Of paying dividends. Now you don't
call that betting on the horses. Ac-
tually If you bought the average
stock in January 1937-the average
stock. not the best stock on the New
York Stock Exchange-and held it
until January. 1850 land the reason
take that period is that the mar
ket in January. 1850, was at approx
imately the same level as January.
1880, you would have, over that
period of time, received equivalent
to q 1872 per cent compound in,
tereSt. Now that's pretty good
return on your money.
In addition. people buy stocks to
participate in the economic and
chronological growth Of the country.
@. Don't people also buy common
A. Yes, we have had imitation in
this country for a long time and we
will continue to have, imitation. Why?
Frankly. the American people choose
imitation over deflation. Imitation
means full employment. Defation
means unemployment, the extremes
of which are breadlines. All the
factors that could be brought to
bear to stop an imitation are basil
cally very unpopular.
How do you stop imitation? You
raise taxes, you decrease Govern
ment spending land therefore there
are less jobs and you make it more
difficult to borrow money (you raise
interest rates.. You raise the re-
quirements for down payments on
homes.
How do you stop a defiation and
cause imitation? Just the opposite.
You lower taxes, increase Govern
ment spending more jobs, and you
make it possible for people to buy
that house without any down pay
ment.
And if you don't believe we're
going to have imitation let's look at
1854, an election year. After all, we
are a political economy. After 13
years of imitation, every major fiscal
policy voted in 1854 was infiationary
in nature.
@. Isn't 1t risky to invest on the
stock market?
A. If you have money you have a
risk. You are either risking the
number of dollars you have or the
quality, the purchasing power. The
smart person realizes that and
hedges against it as best possible.
There is no perfect imitation hedge
but common stocks are pretty
good one.
@. How does a person judge the
value of stock? Wait for q tip
ster to tell him?
A. Here are some general rules:
People should Cd avoid buying on
tips; CD avoid trying to buy at the
bottom and sell at the top. Nobody
can successfully do that.
@. What are the chances today
for the Spectator?
A. don't think that people ought
to buy stocks with the idea of trad
ing or specializing. You can either
be an investor or a trader. And ]
will say that over the long run
people do not make a great deal Of
money trading for point or two OF
profit. The people who have made
the real money are those who have
bought the sound stocks, had the
emergency reserves so they weren't
forced to sell except when they
wanted to, and then stuck with those
stocks until they were deemed either
by themselves or their investment
adviser to be fully or over valued.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1955-03-27
The Broker

@. The average person, Of course,
can't 70 up to New York and be-
come . member Of the Stock Ex-
change. How does he get in on this
buying and selling?
A. Well, he does it through his
broker. If he wants to buy a stock
that's listed he goes to member OF
the New York Stock Exchange and
through q registered representative
places his order which is wired TO
New York.
@. what is the job Of broker?
A. An individual can use mem
Der and his registered representa-
tives either simply to take his orders
and he can decide what he'd like to
buy, or else he can seek advice OF
that firm as to what is attractive
at any particular time. Many mem
Der firms have research departments
which are analysing companies. and
the registered representatives stand
ready to advise the general public
as to what is attractive.
@. Surprising q person knows
what he wants to buy and walks
into . brokers' Office. How does he
70 about buying the stock there?
A. If he's walking in cold and
never walked in before he will be
introduced. He should ask for one
Of the partners, I'd say: and the
partner probably would talk to him
little as to what type of investor
he is, what this objectives are. Then,
based on the investors detectives,
the partner would introduce him to
Q registered representative who
would handle his account and keep
him advised on his stocks.
@. Well, this person knows he
wants to buy 80 much Of . certain
stock. How does he make the trans
action?
A. He simply would I'LL out q new
account form which gives q little
background of himself. o bank ref
erence and his address and name
and 20 forth. and verbally places the
order. The order is transmitted to
New York. Upon execution, con-
AL 10 bAAC OdLl1C 10 -
bills sent out to him showing the
price at which it was purchased, the
commission involved. any other ex-
penses such a. State and Federal
transfer taxes and the total cost to
him. After which he would send in
o check.
q. And what II the commission Of
. broker?
A. The average commission Of O
transaction on the New York Stock
Exchanges Is less than per cent
Of the total funds involved.
@. IL there . standard fee?
A. There is q formula for figuring
the commission on the New York
Stock Exchange based on the total
dollar amount invested.
q. How much Is the tax?
A. The tax is neglible. It's usually
q matter Of pennies.
@. Supposing this man then de-
cided to sell his stock. How does he
70 about that?
A. Once he has established an &C.
count he can simply call up over
the phone and place his order with
q registered representative handling
his account. II the firm holds the
stock, II 1t Is in his name, they will
send him q stock power to sign, and
upon receipt Of that stock power
will send him check. II he holds
the stock he must either deliver it
by hand or. by mail, signed, in
dorsed correctly. and upon receipt
of the actual stock they will mail
his check to him.
@. Il there . fee for this action?
A. There Is the same commission
whether you are buying or selling.
The Nome nugget. [volume] (Nome, Alaska) 1938-????, 1955-11-18
Acc Vetoes Plan
For us. H-BOmb
Show of Force

WASHINGTON, Up Four
Atomic Energy Commissioners
were lined up solidly to d a y
against a colleagues plan for a
dramatic H-bomb "show of force"
to impress on world leaders the
urgent need for peace.
The proposal, made by Acc
Commissioner Thomas E. Murray
in a New York speech last night,
also met some outright opposi-
ton in the Senate.
Murray's idea-outlined at the
golden jubilee dinner of the Ford
ham University law school-was
to call Representatives of all the
nations to what he termed a
meeting at the atomic summit"
Such a meeting, he said, would be
held at Eniwetok in the Pacific
Proving Grounds used by the
Acc.
There, Murray said, these lead
ers-particularly the Russians and
Communist Chinese-should wit
ness an H-bomb explosion in what
the Acc commissioner enviSioned
as a "show of force, a declaration
of American power and demon
stration of the strategy of deter
renee"
Shortly after Murray's speech
was released, his four Acc col
leagues issued a joint statement
declaring that commission tests
in the Pacific have never been
designed as a show of force" but
are solely for the development of
of weapons necessary for defense
of the free world"
They said the Acc several
months ago formally rejected
Murray's motion to invite foreign
observers, including Communists,
to nuclear tests in the Pacific.
Murray, a holdover from the
Truman administration, said in
his speech, that a demonstration
such as he advocated would do
much to "disabuSe our enemies OF
any false estimates of our
superiority"
The Nome nugget. [volume] (Nome, Alaska) 1938-????, 1955-11-18
Graham Denies
Planting Bomb
On UAL Plane

DENVER, Up John Gilbert
Graham fatty denies planting a
bomb on the airliner that crashed
and killed his mother and 40 other
passengers, the Rocky Mountain
News said today.
Federal authorities announced
Monday that Graham, %, had
signed written admission" but
the newspaper in a copyrighted
interview quoted Graham as say
ing:
eyes, / signed a statement, but
it's not true. They told me they
were going to put my wife in Jail,
and I'd better get it Strengthened
out myself"
Asked by reporter if he meant
FBI agents had used duress-kept
questioning him until he confess
sed-Graham answered:
"Well, they started about noon
that Sunday and didn't stop until
L SlSI1CQ a GO1lACSS1O1l dOOQt GILL;
the next morning. Oh, they took
me out for dinner once and gave
me drinks of water and such NJ"
Graham is charged with muir
der in the death of his mother,
Mrs. Daisie King, 81. She was
among passengers of a United Air
Lines DC6B that crashed Nov. |
near Longmont, Colo, killing all
aboard.
In the Rocky Mountain News
interview Graham was asked if
he put either a present or bun
die of dynamite in his mothers
luggage.
81 didn't put anything in her
luggage" Graham replied. 81 only
bought some straps to put around
the luggage. The hinges on the
suitcase were breaking. I don't
want to discuss the present"
The Nome nugget. [volume] (Nome, Alaska) 1938-????, 1955-11-18
National HOnOrs
Slated for Two
Eskimo Scouts

ANCHORAGE - Two Eskimo
Scouts of the First Scout Battalion
from the village of Gambell, ON
st. Lawrence Island, have gone
to Washington, DC, to participate
in a ceremony honoring them for
their outstanding part in rescu-
ing crew members of a Navy pa
troll plane shot down near their
island last June.
M/Sgt Willis Walunga and
Sic Clifford Iknokinok, both of
Company A, First Scout Battalion.
will be present with a certificate
of achievement by Secretary of
the Navy Charles S. Thomas.
Both guardsmen have already
received a certificate of achieve
ment from Maj. Gen. James F.
Collins, commanding general, U.S.
Army, Alaska, and letters of COM
mendation signed by Admiral
Robert B. Carney, chief of naval
operations, Department of the
Navy.
Following their visit to Wash
ington, Walunga and Iknokinok
will make appearances on tele-
vision and radio stations in New
York and San Francisco. They
were accompanied by 1t. John c.
Doyle, adjutant generals office.
Alaska National Guard, Juneau.
The Nome nugget. [volume] (Nome, Alaska) 1938-????, 1955-11-18
Y CIs Going Home For Thanksgiving
Are Killed In Seattle AirIiner Crash

first scheduled stop. The ship
plowed into a hillside in a resi-
Dental district, broke into pieces
and burst into flames.
Part of the plane came to rest
in the yard of Mrs. Donald Rem
ard. Mrs. Renard said there was
a terrific explosion" and "the
next minute my yard was full of
soldiers"
Hours after the crash, the coro-
ner's office still was trying to
complete Identification Of the
dead.
The soldiers were among the
1888 who arrived here yesterday
on an Army transport from the
Far East.
They were loaded aboard nom
scheduled airlines planes operated
by commercial airlines which are
not certificated by the Civil Aero
nautics Board for scheduled
flight-chartered by the govern
ment for speedy return to their
homes. Twenty two such trans
ports took off from Boeing Field
at intervals yesterday and last
night, carrying 1000 of the SER
vicemen.