davidaulloa/AmericanStories huggingface dataset:
Evening star., 1956-08-27
WINGS & WHEELS
BY CHARLES YARBRoUGH

Production figures are still
eloquent about development of
the electric self-Starter. In 1911.
the automotive industry pro-
duced 199,30O cars. In 1912, first
year of the starter, production
went to $4,000.
His research and inventive
genius went far beyond the auto
mobile; was called on in time of
war; is still uppermost in some
phases of medicine.
Even with that full contribu-
tion behind him, he says I'VE
are not at the end of our pro-
gress; but at the beginning"
\
If you haven't seen the new
power predictions for the 1857
automobiles, there is still time
to reflect on the capabilities of
the 1856 cars. The up-coming
issue of Motor Life Magazine tells
of tests showing that 10 different
stock cars now on the market
are capable of accelerating from
a standing start to so miles an
hour in less than 10 seconds.
General outlook for the l957s
could be rounded up like this:
Body styles are lower: horse
power and prices are higher.
y \
Lufthansa German Airlines
intends to power its new Boeing
TOT 1ntercontinental Stratoliners
with British-built Rolls Royce
Conway Jets. The explanation:
Lower overall engine weight;
greater fuel economy and lower
noise level.
A House subcommittee is In
Detroit this week studying high
way and automotive safety
Scheduled to look over en-
gineering exhibits. road tests
and other phases of driver
training and highway traffic
control at General Motors are.
Chairman Roberts. Democrat
OF Alabama; Beamer. Republi-
can of Indiana: Friedel, Demo-
crat of Maryland: Rogers. Demo-
crat Of Texas. and Schenck,
Republican Of Ohio. staff MEM
bers on the inspection are Mar
tin Cunningham and Kenneth
Painter.
Earlier this month. members
OF the committee visited the 36O-
acre proving ground at Ameri-
can Motors, Burlington, Wis.
Personal aircraft manufac-
turers shipped 465 one-to-i0-
place general utility and execu-
tive aircraft during July, the
Aircraft Industries OF America
said last week. The dollar value
was up to over So million.
Biggest news not reflected on
the current market was last
weeks order for three l0-place
jet transports from the Contl-
mental Can Co. TO Fairchild at
Hagerstown. The Jets, due in
1860, are the first ordered for
executive use.
Evening star., 1956-08-27
Increased Expenses Shown
BY WGL Report for July

Operating expenses of WASH
ington Gas Light Co. were well
above a year ago in July and
the company today reported a
seasonal deficit of $409,173 for
the month, compared with a
loss of S241, ,706 a year ago.
Operating expenses for the
month rose to $2,116,553 from
$1.911.314 a year earlier. Oper-
ating revenues totaled 81, ,828,419,
compared with $1,805,752 in the
same 1855 month.
Net income for seven months
of this year totaled S4,637,7O3.
compared with $3,398,328 a year
earlier. Operating expenses rose
to $27, ,183,036 from $23,719,O73
and operating revenues in
creased to $32,743,114 from $28,-
D19,76O.
The company had 350,O39
meters in service on July 81,
a gain of 1912 from 1856 .296
on the same date last year
Property, plant and equipment
were listed at $116,020.872 VS..
$l04.044.680 a year earlier, an
increase of $11.976,192.
Evening star., 1956-08-27
Men
To Meet Here

Some 400 delegates, repre-
senting about so of the largest
colored insurance companies
over the Nation, will meet here
tomorrow at the Hotel Statler
commencing a four-day session
1t will be the Seth annual
of the National Insur-
ance Association. The Federal
Life Insurance Co.. Inc, one of
the member companies, has its
home Office here at TIT Florida
avenue NV. and some of its
officials will address the con-
Commissioner Robert E. Nc
Laughlin, chairman of the Dis
trict Board of Commissioners,
and Chairman George E. C.
Hayes of the Public Utilities
Commission will address the con-
vention.
Rupert B. Clark, treasurer of
the Federal Life Insurance Co.,
will speak before the agency
section and introduce Belford
V. Lawson. prominent colored
Washington attorney. G. Norman
Branche, vice president of Fed
eral and historian of the associ-
alton, also will speak.
Evening star., 1956-08-27
Savings and Loan Book
Shows Decades Gains

Savings of the American
people held by savings and loan
associations more than quad
rupled in the decade from 1916
through 1855, new, 88-page
booklet of the United States Saw
ings and Loan League shows.
The booklet, entitled Savings
and Loan Fact Book-1956," re-
ports on the spectacular growth
of savings associations in the
postwar decade, and also presents
detailed facts end figures on saw
ings. home financing, mortgage
debt, and the volume of home
building.
Assets of the associations total
led 1913 billion at the close of
1855. more than four times the
asset total of S8.7 billion at the
end of l945. In 1855 alone, as
sets increased by a record $6.1
billion, or 10 per cent.
Associations held 1923 billion,
in savings at the end of 1855,
four times more than at the end
Evening star., 1956-08-27
Sellers ExpIoin
Need to Raise
Down Payment
BY ELMER ROESsNER

If you are a consumer-aren't
we all?-when you make your
Iinstallment purchase you may
find things bit different. The
amount of the down payment
may be a bit more than you ex-
'pected. The credit executive may
not smile and say. Eighteen or
"a payments?" He's much more
likely to say. Nov you'd like to
clear this up in IL payments,
wouldn't you?" And if you've
been lax in making payments
on the last purchase. you'll find
the credit executive still genial
but he'll be suggesting a bit
more down and, say. 10 pay
Iments.
And if you haven't paid your
July charge account bill, you're
likely to get a phone call some
day next week. A sweet voice will
ask you if you have overlooked
the matter.
And if you want to finance an
auto, you may find the interest
rate 2 or 3 points higher than
your last auto loan.
Few stores finance their own
Iinstalment sales. Large ones
borrow from banks: small ones
borrow from finance companies
or factors. The finance compa-
nies and factors get some funds
from banks and some from pri-
Ivate investors but, whatever the
source. the rate has gone up. So
they are charging stores more.
No Happy Alternatives
A typical store has been fl
nancing credit sales at Z per
cent and takes losses on defaults
in addition. Many stores pay
more; only a few pay less. When
it makes an instalment sale, the
store gets the balance from the
financial organization and uses
it to pay Suppliers and other
obligations. AS customers pay,
their payments are credited to
the finance company.
Now the sores rate has been
raised to 8 per cent. That's equal
to about half its net profit on
instalment sales. So it must ac-
cept a cut in profits, increase
prices, increase its charges for
credit or reduce credit costs. Be-
cause all the other alternatives
threaten profits, the first effect
is to cut credit costs.
Whenever it persuades a Gus
toner to pay 5000 down instead
of $100, it saves So. When lit
persuades customer to pay off
a 5000 balance in IL instead of
18 months. it saves 81.
Judging from Federal Reserve
data, about So billion in charge
accounts is outstanding today in
the United States. If lenders
have increased their rate to
stores by l per cent, this debt is
costing stores about So million
more a year.
If stores are paying an average
of 6 per cent for financing, this
load of charge accounts is cost
ing them SIT million a month,
plus bookkeeping and other costs.
Evening star., 1956-08-27

tics to back up his false asser-
tions, that uninformed individ-
uals well might swallow his
statement that the American
worker is a "slave of capitalism. !"
Says Varga: a capitalist is one
who owns the means of produc-
ton and exploits workers" Be-
cause millions of Americans hold
savings deposits doesn't make
these millions capitalist. What's
more, says he. most of the saw
lings are held by a tiny percent
age of the upper-upper classes.
The fact is that 72 per cent of
all American families now hold
liquid assets in addition to ac-
tual cash-meaning they have
money in banks, savings insti-
tutions. United States bonds, etc.
The fact is the average holding
OF liquid assets is $2,7O0. If a
capitalist is only the person who
owns a business and exploits
workers. not many of us are cap
italists. But millions of us GER
tainly are sharing the wealth.
which is what is meant by a
peoples capitalism"
Says Varga: the boast that
workers are becoming capitalists
by buying stocks is "clamorous
propaganda" The number of
Americans holding stocks is
picayune. Most shares are con-
lcentrated in the hands of O.6 per
cent of American families. And
since even the workers who own
stocks have no influence over the
corporations, they are not capi-
talists.
The fact is the latest census
shows 8.6 million of us own
stocks, a new peak and a gain of
80 per cent in just four years.
The fact is two-thirds of all
shareholders have incomes of
under $500 a year-a stunning
reflection Of our middleclass
America. And while of course
workers don't control the corpo-
rations, they do benefit from
dividends and stock price rises.
They may not be capitalists ac-
cording to Vargas definition but
they are sharing in the benefits
of capitalism.
Vargas conclusion is that our
boast of a peoples capitalism is
a false trump of American mo-
nopoly capitalism in it's vain
contest to win the world battle
for mems minds
My conclusion is that Vargas
slashing attack is a measure of
our achievement and the success
of our propaganda. We've moved
closer to income equality" in
America than any other nation
anywhere - including Russia.
Our developing peoples capi-
taliSm" has virtues that deserve
to win that battle for mems
minds. -,
Copyright 1&e. The Hail syndicate.
Inc)
Evening star., 1956-08-27
VehicuIar Traffic Drops
Behind a Year Ago

Vehicular traffic in the Dis
trict of Columbia Jagged 3.5 per
cent behind a year ago in week.
day tests at key points during
July, the District Highway De-
partment disclosed.
However, traffic was It's per
cent ahead of the same 1941
month.
Traffic carried by four Poto-
mac River bridges was 3.6 per
cent above year ago and 88.8
per cent ahead of the same
1941 month.
The load of five Anacostia
River bridges was 6.8 per cent
below volume of four bridges ex-
listing year earlier and lila
per cent ahead of the total for
three bridges existing in the 194l
month.
Most of the key spots other
than bridges showed declines
from a year ago, except for a
l6.7 per cent gain on Wisconsin
avenue at the District line and
"a 0.5 per cent increase on Geor-
gia avenue at the District line.
Traffic on the Baltimore WASH
ington parkway was 8.5 per cent
ahead of a year ago.
Evening star., 1956-08-27
NEW YORK PRODUCE

NEW YORK, Aug. 27 P,.--(UsDA)--
Butter steady. Receipts $4,000. Whole
sale prices on bulk cartons (fresh).
Creamery, SO score (AA) 60al-61 cents.
81 score (A) 60-60h4. 80 score OBJ
5Ss4-59, SO score (C) 5694-57.
Cheese unsettled, Receipts $4,000.
Wholesale sales, American cheese (whole
milk. cheddars aged 1850 cents.
Single daisies fresh 36s4-39h. Single
daisies aged 46-52. Fats aged 48-5l.
Processed cheddars 5 lbs. 36s4-3ss4.
Domestic Swiss (wheelsl grade "A" Al
46. Grade 'B" 39-45. Grade &C" 37-42
Wholesale egg prices. we're steady to
firm today. Receipts 5000 New York
spot quotations follow: Midwestern;
Mixed colors: Extras 1850 lbsj 36Is-
3S; extras large (45-4S lbsJ 86-37;
extras medium 30h-3l: standards large
3l-32h: dirties 27-2S; checks 25-27,
Whites: Extras (48-50 lbs) 39-42: extras
large l45-4S lbs) 3Si2-40; extras medium
30la-3l. Browns: Extras (4S-40 ibs3
Nearby; Whites: Top quality t4s-5o
lbs) 49h-51la; mediums 3lh-32Na:
Smalls 2Qla-21 peewees 1915 Browns.
Top quality (4S-50 lbs) 5O-51 "a; me
dunn, 321s-33s; smalls 24A-25i pee
Evening star., 1956-08-27


year earlier. These included $28,-
1893, ,440 of freight revenues, COM
pared with $34,101 ,524 a year
ago. However, passenger revenues
Of $1,705, ,444 were up slightly
from $1,675.272.
Net income for seven months
of this year was $14,736,749,
compared with $14,821,l24 in the
same 1855 period. Operating
revenues declined to $3.50, ,458,434
from $241,55l. .482 year ago.
Freight revenues totaled $240,-
l77.017 VS.. $213.915,943 and pas
Senger revenues amounted to
$11.172,803 VS.. $11,179,969.
Evening star., 1956-08-27
FOREIGN EXCHANGE

NEW YORK. Aug. % R.-Foreign
exchange rates .folluN, Great Britain in
dollars. others in cents unchanged un-
less otherwise noted:
Canadian dollar in New York open
market l7s per cent premium or 1O1 STA
Europe: Great Britain (pound)
277 80 1tss, Up pp 0 6oedaH sG+HS futSres fatSres
2.11 1889. up is; 90-day futures
2.77 1872, up III Belgium (franc) 2.0Oss
up .Q0Is France tfrancl .2Sss OF a cent:
go; Holland (guilderl 26.I2h. of
.00l7; Staly Qtra) .1614 of a cent: Portu-
gal tescudol 3.50: Sweden (kronal 1874;
Switzerland francl (free) 1884; Dem
mark tkronel 1850.
Latin America Argentina (free) 3.2S;
Brazil tfreel 13s: Mexico SOL, Vene-
zuela (bolivar) 3003.
Far East: Hong Kong dollar 1850.
Evening star., 1956-08-27

i The Air Transport Association.
with a notable victory over the
"no-show" passenger last week,
Is still trying to make him as
comfortable as possible.
Looking we'll ahead. the ATA's
experts have told the helicopter
Industry what commercial avia-
ton is going to need in rotor air.
craft any minute now. Two type
'copters are needed. one with a
capacity of 25 passengers plus
baggage to serve large metropoli-
tan centers. supplementing pre-
sent ground transport.
The second would carry 35 to
so passengers and baggage for
scheduled air transportation on
intercity or local service routes.
In nine pages of single spacing
the report not only gets into the
technical requirements cevery
effort must be made in designing
systems and selecting compon-
ents so that If they fail. they
fail safe -
Passenger cabin appointments
must be simple, easily main
tanned and efforts should be
made to assure expeditions move
ment of passenger when en-
planning OF deplaning."
y \ =
Automotive News takes due
notice that the output and sales
of 1856 automobiles are neck and
neck. Somewhere last Saturday.
a buyer took delivery on the four
millionth car produced during
this calendar year. Last Friday.
the industry produced the four
millionth. but production trails
1855 by two months.
x
CAA Administrators Charle' J.
Lowen says the CAA trained or
supervised the training Of l67
foreign nationals in air traffic
control. airport management.
aviation medicine and q dozen
other aspects OF the business
during fiscal 1856. They came
from 80 different countries and
had training periods ranging
from six weeks to two years
under auspices Of the Interna-
tional Cooperation Administra-
ton. the international Civil
Aviation Organization and the
State Department.
II your automobile seems to
pause for a momtnt OF silence
this week. 1t may be a gesture
honorins the man who made it
what 1t is today.
At least the automotive world
will pause this week to honor
Charles F. Boss Kettering on
his Both birthday anniversary
Mr. Kettering, former vice pres
ident Of General Motors and
general manager Of the General
Motors Research Laboratories.
was the man behind the automo-
tive ignition system. electric
lights and self-starter. 70 name a
few.
Evening star., 1956-08-27
Women Employees of Banks
Advised to Take Courses

Il New women employees of WASH
ipgton area banks were advised
yesterday to enroll in courses to
be offered this fall by Washing
ton Chapter, American Institute
Of Banking.
4 Miss Sylvia KarydakiS. as
sistant cashier at Second Ma
tional Bank. listed some good
reasons at brunch sponsored
hy the Women's Committee of
the chapter at the Tally-Ho Res
taurant.
3 Committee members represent
ipg almost every bank in the
area each was accompanied to
the affair by a new woman en-
ploye of her bank. Miss Kary-
dakis told them an ALB course
would give them a better under
standing of all bank depart
Evening star., 1956-08-27
of 1945, and more than twice as
much as in 1850.
d. c. Banks Affected Little
By Decline in U. S. Bonds

ny DCChiAhC uA ~ o. DO1lOS
Washington banks have not
been affected much by the de-
cline in Federal bonds. They
hold relatively little Of the longer
term governments which have
taken most of the beating.
Large city banks generally
limit Government bond port
folioS to shrort'term issues in
order to keep their positions
flexible enough to meet chang
ing needs of borrowers.
The higher yield OF the longer
term issues. however, often is
tempting for banks in small
towns and rural areas. A sharp
decline in the market has the
effect of tying up funds in the
longer-terms unless the banker is
wiling to take a loss. Usually,
he isn't.
Evening star., 1956-08-27

If stores can cut the time of
each account in half-getting
payment in 80 days in instead of
so, is instead of 3O-then re-
tailers can increase net profits
before taxes by $8la million a
month, or more than $10O mil
lion a year.
That's why you'll be asked,
sweetly, to pay your bills
promptly.
(Released by Mcclure Newspaper
Syndicatel
Evening star., 1956-08-27

the border. Comparing condi-
tons in Canada and the United
States, one commented: They
are as different as day is from
night"
Evening star., 1956-08-27

ments. enable them to do their
present jobs better and prepare
them for inevitable opportunities
for advancement.
Miss Marian L. Tobin of Riggs
National Bank. committee chair
man. presided.
Evening star., 1956-08-27
New England Tourist Courts
Show Lull in Business

On a vacation trip through
New England, the writer found
tourist courts begging for busl-
ness with only so per cent oc-
cupied in mid-August. Resort
business also was quiet.
Cool weather was blamed gen.
orally. Many courts were willing
to make concessions of various
kinds to attract business.
Conditions in a number of New
England cities remain depressed
with key factories closed down.
The contrast with nearby condi-
lions in Canada is discouraging
for retailers. who point to much
lower taxes. and relatively stabi-
lized wages and prices north of
Evening star., 1956-08-27
Higher Bond Yields Seen
Following Market Drop

Lower bond prices have in
creased yields to tempting levels,
especially in the corporate and
municipal divisions.
Brokers said today that turn
pike issues continue to sell at
big discounts and are extremely
attractive. especially for those
in high-income brackets.
The further recovery in the
stock market also has improved
sentiment on Fifteenth Street.
Evening star., 1956-08-27
'3a'' RI BUSINESS
x "A4 AAA
BGO Revenues and Net
Reduced by Steel Strike
BY DONALD b. HADLEY

drop in freight oadings during the steel strike deeply
into profits of the Baltimore Ohio Railroad
during July the roads monthly report disclosed today
Net income for July $73 800 in contrast to
$2175,126 in the 1855 month.
Operating sank $32 92O9O9 S38342 O5s
Evening star., 1956-08-27
FAIRCHILD EXECUTIVE JET

HAGERSTOWN, Md.-An order for three Farchd M 1885,
lOpace jet transports has been placed by the Continental
Can Co., for 1860 delivery prototype the aircraft is
scheduled to fly late next early 1858 1t is
cruising speed of about $50 miles hour Shown here
scale model
Evening star., 1956-08-27
MUTUAL FUNDS

NEW YORK, Aug. I3 t9.-Nationai
Association Securities Dealers, Inc.
(NOOn OuOtatiOnS1
Evening star., 1956-08-27
DIVIDENDS

NEWvYoRK. Aug. % CR.-Dividends
announced:
Arkansas State press. [volume] (Little Rock, Ark.) 1941-1959, 1956-02-17
Baiesville
Ike Watkins

Ike Watkins
IL and Mrs. Eugene Lexicon.
ssd their young son. arrived here
last Tuesday 10 visit his mother.
Mrs Thelma Lexicon and sister,
Mrs Henry + Harper. 1t Lexion
IS stationed at FL Paso, Texas.
vlth the s5th Bombardment Wing
The usher board OF Bethel
AME church, sponsored a Christi
an aid rally recently Stew
fdess board No. 2 met in the
home Of Mr.. and Mrs, c. Rueker,
il The hostess served a delicious
pecan pie. Mrs Bertha Willes is
president Rev w. J. Daniel,
motored 10 Newark. recently and
held service Mrs. Cora Bur-
RS is improving also Mr.. Brown.
Others on the sick list are Miss
l Osborne, Mrs Lille MeCurn
and Cledice Nicely , The men,
befs Of Bethel AME church gave
q reception for Mrs Daniel. Mon
day mite al the church Stew
afdess board No. 2. gave a birth
DAY party In honor Of Rev. and
Mrs " J Daniel Tuesday.
Arkansas State press. [volume] (Little Rock, Ark.) 1941-1959, 1956-02-17
Magnolia Social
Club Sponsors
Polio Benefits

MAGNOLIA-The matrons of the
Soei-Re club Of Magnolia spon-
sored two benefits for the March
Of Dimes campaign on January
p The members kidnapped men
about town and held them cap
tive in the Columbia county agri
building until they paid ransom.
Kidnapped victims we're A. c.
Cooper, Bill Williams. Aaron Hen
derson, Rev Z " Walker. Oil
yer George, Flen Dobbs. Nathan
Dobbs. Thomas II Reed. Ben Nc
Call, Rev. Nj L. Youngblood. l..
Berry. W. r Marks. F L Curry.
B. G Williams. Ellis Flanagan, A.
Martin, A. C. Alexander. ]. jam
erson, Fred Rabbs, Herman John
son, Alvin Moore. June Rowe,
Johnny Curry. Jim Frazier. Rev.
Ruel Shepherd. Nolen Porehia.
Henry Wilbourn, cortez Mallory,
Lester Hildreth. F B Burlington,
Dan Hawkins, Mckinley Will
bourn. Ed Mecray. James Rosser,
otha Bennett. Willie johnson. T.
ID Rushing, Grady Holmes. Hazel
Grain. Oeie Martin. G. b Burns.
Thomas Rogers. EVE Rabbs. ST.
mon MeGraw Curnis Green. ID
c Smell, Turner Sargent. Clifton
Arkansas State press. [volume] (Little Rock, Ark.) 1941-1959, 1956-02-17

VIII be administered in grades II
ard Y to check the students
progress ana help the teacher To
identity the areas IN which fur
Their instruction IS needed.
The educational point Of view
mat undergirds the program IS
that every student who finishes
M school have accomplished ia
cility IN e0mputafIoRaI arithmetic
and should have a th0r0 knowl-
edge Of basic grammar. Futher-
more, the program Is based on the
concept that progress Of a stu
dent IN advanced forms Of math-
ematlcS. English and literature IS
directly propoTtioned To the rate
Of his achievement in fundamen-
tai elements Of those subjects.
Arkansas State press. [volume] (Little Rock, Ark.) 1941-1959, 1956-02-17

Witt Key school honOred Mrs. NJ.
r. Clark Seruggs with a sur
prised birthday party January 81.
Others present were the Key
school faculty and Mrs. Robert
Johns Mrs. John Lester Daniels
and Mrs. Fred Williams were hos
tesses. The honoree received sew
eral gifts Sam johnson OF
Little Rock visited Mr.. and Mrs.
O'NeaI Saturday MIR. and
Mrs. Charles Lee Scruggs were
Walnut Ridge visitors recently
Mary Pitts and Elizabeth
Wright were Almyra visitors
Tuesday mite Pat Marvin
London is visiting relatives in De-
Witt and Ethel He is stationed
at Camp chaffee Moses Pitts
is receiving medical aid in the
United Friends hospital at Little
Rock The PfA held its reg
ular meeting Monday mite In the
church annex. with Mrs. o. Z.
Stevens. presiding -. Mrs. Estell
Wilson of Van. Is spending a few
days with her sister. Mrs. Beatrice
Butler The Pew rally at the
First Baptist church last Sunday
was very successful. Among the
visitors from ST. Ollie were Mr..
and Mrs. S. Z. Rhine and Mrs.
Elizabeth Montgomery and pastor,
o, Mays. who preached the after
noon sermon e.. Ike Daniels and
Miss Algonia Williams and Ar
thur Simms are on the sick list
-. Prof. o. d. Elders was home
last weekend. visiting his moth
er who has been very i'll for some
time.