davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04

offered common stock to present
holders at $38 share on the
basis of one new share for each
eight held in March.
/ Union Trust Co. split capital
stock 2 for l through a 100 per
cent stock dividend on April /
| Government Employees Corp
declared 6 per cent stock divi-
dend in April.
| Utilities Sell Securities
| Potomac Electric Power Co
sold $40 million of bonds and
I51l,660 new common shares
Through rights to stockholders
in May.
Washington Gas Light Co. sold
So million of bonds in May.
Capital Transit Co. 4 per cent
bonds were removed from listing
following their call for redemp-
ton on June 8.
The Hecht Co. restored the an
nual dividend rate on common
stock to 81 80 share on June 80
! Government Employees Insur-
ance Co. increased the annual
dividend rate on common stock
to $l.20 a share in July.
National Bank Of Washington
raised $3.50, 900 of additional
capital funds by offering 205, 00C
new shares TO present holders at
$50 a share in September.
/ Government Employees Corp
Increased its quarterly cash divi-
dend to 80 cents a share in Sep
TENDER.
Julius Garfinckel d Co. in
creased the annual dividend rate
on common stock to $3.50 a
share on November "a and di-
rectors called the 5l2 per cent
convertible preferred stock for
redemption on December 30.
Woodward g. Lothrop declared
a stock dividend of rs per cent
in December.
/ Security Storage Co, approved
stock split Of S for l on Novem-
Der /. It became effective yes
terday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04

Daniel W. Bell
President and Chairman OF the Boar
FLOYD d. Akers
President, Capitol Cadillac
Oldsmoble Co.
G. A. Aspinwall
Chairman Of the Board,
Security STORAGE Co.
Robert G.. Baker
Executive Vice PrestdeHt
Harry X. Boss
President. Boss and PhsIps fne.
George B. Burrus
President. Peoples Drug Storss, Inc
William J. Flatber. Jr.
Chairman Of the Board,
Meroenthalsr Linotype Co.
Philip L. Graham
President and Publisher.
The Washington Post
Gilbert II. GrosveDOr
Chairman OF the Board,
National Geographic Society
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04

did 1t include a sharp increase
lin Washington tranactions In
outside securities listed on the
Philadelphia Baltimore STOCK
Exchange.
! AS quotations chairman for
Washington and District II OF
the National Association of Sc
curities Dealers. Mr.. Rouse CON-
piled weekly quotations on the
over the-counter market here.
Points to Mutual Funds
Sensational growth of Wash
ington's two mutual funds
Atomic Development Mutual
Fund and Washington Mutual
Fund was probably the outstand-
ing feature of the financial dis
trict during 1855" declared
Robert T. Norman. president OF
the Washington Bond Club.
Looking back over 1855
Washington and the securities
Iof local companies have con-
tinued their long record OF
growth" he declared.
1 THE migration to this city OF
linnumerable trade. associations
the continued growth of Its
banks, insurance companies and
other financial institutions car
only dictate a bullish attitude
toward our city's securities fol
1856 and the years to come.
said Mr.. Norman, who Is asso-
ciated with Auchincloss, Parker
g. Redpath.
Financial Events Listed
Leading events affecting
Washington securities in the
last year were listed in the finan-
cial district as follows:
McLachlen Banking Corp. de.
clared 33ls per cent stocI
dividend in January.
Lincoln National Bank stock
dividend and split raised capita
stock to 81 million from $500, 00C
and reduced par value to SOS 9
share from 500 on February l
Government Employee Insur-
ance Co. declared a stock divi-
dend of 8 per cent in February
I Woodward a. Lothrop raised
around 81 million through public
sale Of 10000 additional COM
mon shares in March.
Washington Gas Light Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04

around 20 points in the year
and Suburban Trust has gained
even more, he declared.
Favorable sales and earnings
helped almost the entire list
and a new harvest of dividend
increases and stock dividends
stimulated investor interest. New
offerings to finance expansion
were snapped up quickly. While
other securities market reacted
to news of President Eisen-
hower's illness, Washington Sc
curlties were undisturbed.
Listed Dealings Decline
However. due in part to the
limited supply Of offerings. trad
ing in them on the Washington
Branch fell of to 202,606 shares
in II months of 1855, compared
with 209.O58 in the same 1854
period. Potomac Electric Power
common continued to lead in
volume, followed by Garfinckel
and Woodward g. Lothrop.
Mr.. Rouse said the reported
volume did not include large
Iover-the-counter transactions in
local securities after the short
official exchange hours. Neither
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04
Life Insurance
Goes toRecord
In D. {. Area

Last year was q good one for
insurance men In this area,
whether they sold life policies or
liability and property protection
This was shown by year-end
statements from J. Hicks Bald
win. president of the District Life
Underwriters Association, and
Herbert H. Pasewalk, president
of the District Association of In
surance Agents.
Life insurance ownership here
reached a new peak of more than
$35 million, with a family aver
age among the highest in the
country. reported Mr.. Baldwin,
who is general agent for the New
England Mutual Life Insurance
Co.
Even though Federal employees
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04

! finished taking on the larges
group life insurance plan eve
written late in 1854 and earl.
1855. Washington families tool
more than $3.50 million of new
! life insurance during 1855, alst
a new record, he said.
NALU to Move Here
The National Association o.
Life Underwriters. with a Ma
tion-wide membership of NOR,
than 10000, and with man,
members here. will move its ma.
tional headquarters from New
York to new $350,0O0 building
at Twenty-third and C street:
NV. this year. Mr.. Baldwin
pointed out.
The association also Will hold
its annual convention in Wash
'ington in September and at that
time dedication of the new
building will be q
major event.
Mr.. Baldwin reported that well
over $40 million of benefit pay
ments were paid to Washington
families last year, with living
benefits to policyholders them
selves making up around 81 pei
cent of the total. More than Toe
insurance underwriters have
helped to build the large insur-
ance volume here over a period
Of years, he said.
Casualty Volume Up
Mr.. Pasewalk, who is Office
manager for Howard & Hoff.
man, said the casualty ane
property Insurance business
gained substantially during the
year.
Sales Of auto bodily injury
premiums and property damage
premiums in the District were
we'll ahead of $7.23l,0l3 and So
752,486, respectively. in 1854, but
final figures have not been COM
piled. he reported. These in turn
were ahead of $6.l5l.557 ano
$3,3l7,60 in 1858.
Sales began to move up in 1854
as soon as Congress passed the
new security-type financial re-
sponsibility law for drivers and
the rise was particularly sharp
after April 25 when the new Law
went into effect, he declared.
Praises Joint Campaign
Mr.. Pasewalk praised the joint
educational campaign Of the AS
ISOLATION of Casualty and Surety
Companies and the District Blu
reau Of Motor Vehicles and Traf
fic. with the cooperation of the
insurance agents, to acquaint the
public. with provisions and ben
efits of the new law.
However, he warned that the
uninsured driver has not beer
eliminated completely. and that
the plight of the financially re-
sponsible motorist who becomes
involved In an accident with one
of these INDECENT drivers. con-
tinues TO be sorry one.
The problem of how to reduce
the number of financially ire
sponsible drivers will receive fur
Their attention this year, he pre-
dicted. Compulsory automobile
insurance seems to be the easiest
solution to the well-meaning but
uninitiated. but unfortunately il
has proven a dismal failure in
Massachusetts. only State where
it was ever tried, he said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04

storage area in nearby Mary
land. in which to store large
quantities of natural gas.
Il believe the 1856 outlook is
good on the basis of present in
formation. Indications are that
area residential construction will
equal or exceed 1855 volume. We
look for a substantial increase
in gas sales as a result"
New Phone Records Set
Demand for telephones In the
Washington area continued dur
ing 1855 and all-time highs were
reached in plant investment and
number of telephones in serv-
ice," reported n. H. Vogel. vice
president Of Chesapeake & Po-
tomac Telephone Co.
Gross construction expendi-
lures for expansion and improve
ment in service in the District
of Columbia alone amounted to
$l3.3 million. Plant investment
at the end Of 1855 was $l45.4
million" he said.
THE number of telephones in
the District reached a new high
of about ISL 800 at the end OF
1855. a gain of $4,000 in the
year. To accomplish this gain.
it was necessary to connect A.
900 and disconnect $4,000 tele-
phones.
Earnings on invested capital
improved in 1855, but the cost
Of the general wage increase in
November, are only partly re-
/ f1ected in these earnings" he
continued.
"Out-of-town calls handled in
the Washington Offices totaled
i17.8 million in the year. up IA
per cent from 1854. Direct dis
lance dialing was extended
during the year to include cities
as far away as Denver and Sac
ramento.
Customers served from our
newer dial wire centers now are
able to dial more than Is million
telephones in this and other
metropolitan areas throughout
the country.
I'VE foresee q busy year in
1885 and continued activity at
high level"
VEPCO Shares in Growth
Virginia Electric and Power
Co. recorded further growth of
consumption and number of Gus
toners on its lines in Virginia
sections Of the Washington area.
reported Erwin Will, newly
elected president.
To meet 1855 growth the COM
pany spent $50 million on con-
struction and Improvements for
its entire system. including
around $7.8 million in the Wash
ington area. In the coming year
it expects to spend around $50
million. including $4.3 million in
this area. The 1855 area total
included $6.5 million for the
Postum Point Plant.
VEPCO sales in the Washing
ton area rose to around $685.
OBJ 900 kilowatt hours in 1855.
a gain Of Is per cent from a year
earlier. Customers totaled around
100000 at the years end. an
increase of about 1880 from q
year earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04
Capitol Securities Firm,
But 7 roding Lays in IS

Prices for WASHINGTON securities generally firm through
result Of demand and extremely small
for the Washington Branch of the Philadelphia
Baltimore Stock Exchange, at the year end
Bank stocks especially scored substantial advances scat
sales Riggs National and American Security each climbed
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30
Three Virginions
File for Convention

LEESBURG. Va, Jan. 80
tSpeciaD Three candidates for
the State constitutional conven-
ton March have filed in the
9th Virginia Senatorial Dis
trict.
Candidates include William H.
Gaines. WARRINGTON attorney;
Jess M. Hughes, Loudoun County
dairy farmer and chairman of
the County Democratic Commit
tee. and Mortimer M. Marshall.
colored, a funegeral director OF
Culpeper.
The 9th district includes the
counties of Loudoun, Fauquiey
and Culpeper. Deadline for filing
was midnight Saturday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30

it has been wasted time. Today
he is filled with memories OF
families who have lived there
And he enjoys talking about
them.
Falkland has small town
atmosphere of its own. The peo-
pie have made it that.
Fond Memories of Boys
Comes a wedding or a death
and everyone pitches in to help
We've had our little tiffs and
fuses, but there never has been
any hard feelings afterwards.
II suppose the fondest mem
cries / have are of the boys
whom I had to chase off the
front lawns with their baseballs
They would be upset then, but
later they would be back asking
me to take them some place for
a ball game or a party or bring
a problem to me.
1.-The people have made Falk-
land rea, home away from
home and they have made a
great deal of happiness for me
Many of them moved here as
bi ide and groom.
They are constantly asking US
to save apartments for friends
from their homet0wps. Why ]
remember one lad who came to
live with us and eventually there
were six of his related families
living here.
I'VE have 81 second generation
families with U.S."
Mr.. Geary has been active in
Silver Springs business, social
and political life, serving IA years
as a Democratic precinct chair
man.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30
Potomac Dam
Project Hailed

Plans for construction of nine
dams in the Potomac River head
waters were hailed today as a
project that will provide flood
protection, a guaranteed water
supply for the District and great
new recreation areas.
The plans are being examined
now by the Army Corps of En-
Igineers. It is estimated that IS
million viii be spent on the
project. Surveying is expected to
begin soon.
Representative Staggers, DEM
|ocrat Of West Virginia, said the
dam building program signals
1.-THE dawn Of a new era" for the
Potomac from West Virginia to
the Chesapeake Bay.
These dams will not only
make the Allegheny Mountain
area Of West Virginia a great
recreational playground for the
people of the Greater Washing
ton Metropolitan Area, but win
guarantee uniform supply OF
water to Washington and
be the first step in cleaning up
the Potomac pollution"
The West Virginia legislator
said vast section of the Ale
ghenies in his State will become
one of the most beautiful recrea-
ton areas in the East, with fish,
ing, boating and swimming
among the diversions afforded
by lakes to be formed.
Mr.. Staggers said the project
will lnvigorate a large section Of
West Virginia which he de-
scribed as a distressed" area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30

THE EVENING STAR B-3
Washington D c
MONDAY, JANUARY 80, 1853
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30
Planners 0kay
3 zOninq Pleas

The Maryland National Capt.
tai Park and Planning @ommis-
sion has recommended approval
of three coming petitions in
Prince Georges and Montgomery
Counties and denial of five
Others.
The recommendations will be
forwarded to the Prince Georges
County Commissioners and the
Montgomery County Council
who have final coming authority
Those Endorsed by the COM
mission are:
BY the General Outdoor Ad-
vertiSing Co.. Inc. C-1 docal
commercially and R-55 (single-
family detached homes to CO
(general commercially of property
on the north side of Bladensburg
road adjacent to Anacostia River
Park. Bladensburg.
By Wayne Greathouse, R-6C
(single-family homes) to IL
eight industriaD of three lots on
the north side of Garfield avenue
near Brookeville road in the Lyt.
townsville subdivision. Silver
Spring.
BY the City of Takoma Park
R.60 to R-20 apartments Of
land on the north side of Maple
avenue near Lincoln avenue
ITakoma Park.
Recommended for denial are:
! BY Jesse B. and Leona J
Stapp. R-R rural residential
to CO or 1892 and 1894 Contra
avenue. near Richardson lane.
| BY Joan Mae and William 5
Coon. R-R to CO of property or
the south side of Good LucE
road near Princess Garder
parkway.
By Joseph l.. Pyle, R-R to c.
of a portion of property at 420C
Powder Mill road.
BY Rose and Alfonso Procopio
IR-l8 dow density apartments
Ito CO of four lots on the north
side of Central avenue near Ad-
olson Chapel road.
BY Cornelius Whalin, R-55 t
CO of two lots on the south
: side of Greenbelt road near Six.
tieth avenue. Berwyn Heights.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30
Mohoney Claims
More Party Okoys

BALTIMORE. Jan. 30.-George
P. Mahoney has laid claim to the
Endorsement of at least a major
ity of the Democratic central
committeeman in II of Mary
lands % counties in his bid for
nomination to the Senate.
The Baltimore County paving
contractor yesterday announced
he had gotten the backing of the
Caroline County State Central
Committee.
The day before that, he said he
had received the Endorsement OF
the Dorchester County group.
Previously. Mr.. Mahoney had
received Endorsements from COM
mittees in Anne Arundel, Garrett
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30
CutonsviIIe Church
Plans Antique Show

st. Timothy's Episcopal
Church. Cantonsville, Md, win
hold its fourth annual antique
show and sale from IL am. to
10 pm. February 8. 9 and 10.
The Rev. Hunter Wyatt
Brown. jr., rector. and Mrs. Will
liam l.. Ward, are chairmen of
the show and sale.
The show will be held at st.
Timothy's Hall. on st. Timothy's
lane. Cantonsville. Proceeds will
go to the Rarish Day School.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30
'Fother Confessor' Still
With Falkland 'FomiIy'
BY CHARLES L. HOFFMAN

Retirement for John j. Geary
means a continuing personal in
terest in the lives of the 1900
persons he refers to as the
Falkland Family"
For 10 years since the Falk-
land apartments were built at
Sixteenth street and the District
line in Silver Spring, Mr.. Geary
served as manager Of the de-
velopment.
And for the same length of
time he was considered by ten
ants there as a sort of father
confessor. trouble shooter and
friend, all rolled into one"
Mr.. Geary retired as manager
and secretary Of the Falkland
corporations last month, but he
still lives at Falkland and gets
calls from residents.
Boston Irishman
Even as Mr.. Geary was being
interviewed his telephone rang
with a request from a former
tenant to have an apartment
saved for his daughter who is
to be married in September.
Mr.. Geary a Boston Irish
man, came to Silver Spring in
1923 at the insistence of E.
Brooke Lee veteran Montgomery
County Democratic leader.
Mr.. Geary. a lieutenant pro-
NOTED from the ranks, served as
Mr.. Lees adjutant when he was
a battalion commander with the
i29th Division in World War I.
He also had become friends in
the Army with Maryland's for
mer Gov. w. Prescott Lane and
former Senator Millard E. Tyd-
Iings.
During the 1920s he was con-
struction superintendent for a
company which built some 500
homes in the area. He later
served on the staff of the Mary
land National Capital Park and
Planning Commission.
Around-the Clock Job
When he first took over the
Falkland apartments, there were
l7S garden-type units. the first
of their type built under FILA.
Then he handled all trouble calls
on an around-the- clock basis.
He never got over this habit.
The apartments now number 484.
He's the one man who came
closest to working "a hours q
day. seven days a week that /
know of" George Cullen. an
original resident of Falkland,
said.
For Mr.. Geary not a minute of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30
Junior College Offers
Adult Study Course

Montgomery Junior College in
Takoma Park has announced a
new course of study for adults
- an apprenticeship training
course in MISUNDERSTANDING
February IA and continuing for
l6 weeks. The class will meet
each Tuesday from to 9 pm.
The tuition-free course is be-
ing offered as a part of the adult
education program of Mont
gomery County.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30
Home Help in Norwoy

| Norway now has home help
services in nearly all areas, 1,450
altogether. Oslo reports. The
Government makes an. annual
grant towards the cost.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30

Hartford. Carroll, Howard. Wor-
cester. Allegany, Cecil, Charles
and Frederick counties.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30
Arlington Announces
Red Cross Chuirmen

Two residential chairmen for
Arlington's Red Cross Fund
campaign in March were an
nounced today by Dean Braley,
fund campaign chairman.
They are Mrs. A. Robert Gins
burgh. 2572 North Military road,
who will head the drive on the
north side; and Mrs. Edward
w. Manwaring. 37l2 First road
South, who will head the drive
on the south side of the County
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-30

Register now at the District
Building, and vote in the Dis
trict election May /.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-28
nELP-MEN
CRAFTSMAN

Civil engineering, photographic. Mini
mum 2 yrs exper. 40-hr. wk. plus
overtime. Permanent position. Sal
airy open. RE. 7-8131.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-28
statesmen

Full or part time employment from
now until Christmas in furnishings
department Of fine speciality store
references necessary. Apply Mr..
Stewart.
THE YOUNG MEMS SHOP
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-28

AT MELPAR YOU WILL FIND AN OPPORTU-
NIFTY FOR GROWTH UNCOMMON TO THE IN
DUSTRY AS WHOLE. COMBINATION OF
PERTINENT FACTORS ENABLE THE ABOVE
AVERAGE ENGINEER TO PROGRESS RAPIDLY.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-28

FLORIST DESIGNER, experienced.
permanent position with future.
Apply Mr.. Crosby. CHAMBERS
FLOWER CENTER. 1900 Bladens-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-28
ENGINEERS
ELECTRoN1c, MECHANICAL AND PHYSICISTS
Men of Skill and
Ability Achieve
Rapid Growth at
MELPAR

AT MELPAR YOU WILL FIND AN oPPoRTU-
NIFTY FOR GROWTH UNCOMMON TO THE IN
DUSTRY AS WHOLE COMBINATION OF
PERTINENT FACTORS ENABLE THE ABOVE
AVERAGE ENGINEER TO PROGRESS RAPIDLY.
CHIEF AMONG THEM ARE:
AT Mepar the engineer is not tied to an "auto-
matte" schedule for advancement. Our policy
of individual recognition means that your skill
and ability are the primary determinants Of
your growth. Other considerations, such as age,
years Of experience, tenure, are only secondary.
2-The swift sure growth of MELPAR is a signiti-
cant indication of the companys competency
in the field of Electronics Research and Develop
ment. We have doubled in size every 10 months
for the past 10 years. This growth creates con-
slant new opportunities for the Engineers on
our staff AS soon as Engineer is ready to
accept more complex responsibility, 1t Is given
him.
3-MELPAR's operation is based on a unique
PROJECT TEAM" system, which means that
each group is responsible for an entire problem,
from its initial conception until prototype has
been constructed. This allows each MELPAR
engineer to experience the overall approach
to an engineering problem, essential to eventual
dictatorship responsibility. Should you ioin
team, each Of which is small enough to allow
us to recognize and reward your achievement
without delay
AT MELPAR complete facilities for creative re-
search and design are at your disposal In addi-
ton to our centralized MODEL SHOP you will
find supplementary facilities and test equip
ment available for immediate use within each
project group.
5-Engineers who wish TO pursue advanced study
may take advantage Of MELPARS fully-ac-
credited in-plant courses. Advanced degrees
may be obtained at Universities in this area
which offer part-time curricular.
Openings exist in the following fields:
NETWORK THEORY - sYsrEMs EyALuAT1oH - MICRO
WAVE TEcHuaUE-UHP vHF OR SHIP REcErvERs-AEALoo
OBSERVATION-DISCLOSURES TAPE HAsDLINo-pTofTAL CON.
PuTERs - RAoAR AND couNTERMEAsUREs = PAcKAono
ELEcTRosIc EaUIPMENT-PULsEs cIRcUTRY--NIcRowAvE
FITERs-FLIoHT sIAfuLAToRs - ACKNOWLEDGEMENTS
NATURALIZATION INSTRUMENTATION oEsIoH-snAfL
MEcHAE1sM-eUAL1TY CONTROL AND TEsT ENGINEERING
Apply In Person
Monday Through Friday
AM. 10 4PM
MELPAR, INC.
OF WESTINGHOUSE AIR BRAKE
5000 ARLINGTON BLVD FALLS CHURCH, VA.
Take Arnold va Bus From ilth and z sts NV.
20 Plant EntTance)
Continued on Next Pagsj
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-28
HELP-MEN
MAN WITH CAR

Excellent opening for q man who
considers himself Just a little better
than average. Phone JU. 5-S110 for
interview.