davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
|CTC Tax Plan
IArouses Interest
On Capitol Hill

Reports that the Capital Tran
sit Co. plans to put money from
the sale of its assets here into
other investments to make big
tax savings have attracted at
tention on Capitol Hill.
Senator Frear, Democrat of
Delaware, told the Senate yes
terday that he thought the At
torney General of the United
States and also the Internal
Revenue Bureau may have an
interest"
He said he thought this was so
because it appears as though
there may be an investment COM
pany set up out of the old etc
shell and, therefore, there will
be no capital gains tax realized
by the Government on the sale
of the assets of the old corpora
ton"
AS a member of the Senate
Finance Committee, he wrote
Chairman Byrd that there we're
"some disturbing under current"
attached to the proposed transfer
which could possibly result in
"sizable loss" to the Federal
Treasury.
He said if the CTC did go into
the investment field. it was pos
sible the existing net operating
loss of the company, estimated
as $13 million, would be carried
forward to the investment cor
lporation, thus creating a Situa-
ton whereby a large amount of
Federal capital gains taxes could
be avoided"
Senator Frear added: This
would not, 1 am sure, reflect the
intent of Congress-" referring to
approval of the etc sale to the
D. C. Transit System, Inc.
Chairman Byrd replied by
letter saying: Il am glad you are
investigating the matter. I feel
certain the Senate Finance Com
mittee will be deeply interested
in any question involving a loss
in revenue by any avoidance of
taxes"
Senator Frear also placed in
the Congressional Record a
memorandum drafted at his re-
quest by the staff of the Con-
gresSional Joint Committee on
Internal Revenue Taxation.
In this, the committee staff
said it appeared from its studies
that etc would have a net
operating loss of about $13 MIL
lion and that this could be car
ried forward" for five years. for
income tax purposes, if etc put
its sales money into other in
veStmentS.
The committee staff noted
that, under the legislation con-
corning the present transit COM
pany, the corporate entity of the
etc is continued. Therefore, it
said, no liquidation of the etc
is required.
Thus, Capital Transit can
continue to exist as a corporate
she'll" it added. with 500 mil
lion in cash and $3,940,O0O in
real estate mortgages as assets
and at least $13 million net
operating loss carried forward. +"
In Analysing the picture, the
committee staff found that the
Chalk-Fox group that has con-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
ACT to Expand Projects
Here in NucIear Fields

Expansion here in the nuclear
energy, guided missiles and other
national defense fields is planned
by ACF Industries, Inc,
A new research and develop
ment facility in the Washington
area is being planned also, Off
Gals disclosed today. The exact
location is not revealed as final
arrangements still are being
made, they explained. But Off
Gals hope to start the project
between now and April. the end
of the firms fiscal year.
Under this program, the new
building will be primarily an of
flee building, but will contain
research facilities in the reactor
field, so officials here can do their
own scientific testing.
Major engineers and scientists
doing reactor work will be head
chartered in the Washington
area, officials assertedh.
Meanwhile, new headquarters
for ACTS Nuclear Energy Prod
ucts Division is being set up at
SOB Kennedy street NV. Last
year the division entered the
commercial nuclear reactor field.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24

Itracted to buy out the CTC is
paying a net $5,540.00O for the
operating assets of Capital Tran
sit.
1t put it this way:
THE May, 1856, balance sheet
of etc shows current assets of
approximately So million Tin
Guiding cash of 81 million) and
properties having an adjusted
basis Of $18.5 million.
THUS, Subtracting the So
million in current assets from
the purchase of $13,540,00O
leaves approximately $5,540,O00
as having been paid for the
operating assets of the Capital
Transit"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
Glenn Murtin Income
Doubles in Quarter

BALTIMORE. July "a (P).-
The Glenn L. Martin Co. yester-
day reported its net income al
most doubled in the second
quarter of 1856.
Earnings in the second quarter
totaled $2,855.507 or $1.05 a
share compared with SO cents
for the first quarter.
Six months income was down
to $4,442,2 1892 from the $5,522, 1913
during the first half of 1855.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
FOREIGN EXCHANGE

NEW YORK. July "a 0P,-Foreion
eNehanse rates follow Great Britain
unless otherwise noted
canadian dollar in New York open
market l s7f32 per cent premium or
lOl S4ss U s. cents. "
Europe: Great Britain (poundl
Ss.tHSs, OF 5f32. 80 day futures
2iSls of 3i32; 80 day futures a.5S,..
on 32; 30 futures 2.5Tis. of 3 ~ .
Beleuim trancD 2.O0la. France 1franci
.aSsa Of a cent, Germany WESTERN
ldeutsche mark 1850. Holland (guilderl
26.12ia; Italy Ciral .i6h Of q cent
Portugal ,escudol $50: Sweden lkronai
1884; Switzerland Cfrancl lfree) 1894
Denmark (kroneD 1850.
Latin America: Argentina Cfreel 500.
up 90. Brazil (free) lao, up ,OS;
Far East: Hong Kong dollar 1855.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24

NEW YORK, July "a (R.-
What is the typical American
stakeholder like?
A census taken by the New
York Stock Exchange reports
that the typical stakeholder is
48 years old, has an income of
about $4,000 a year, lives in a
community of $4,000 persons. has
a high school diploma-and more
than likely is a woman!
Furthermore, says Keith Fun
ston, president of the exchange,
the number of stockholders is
growing all the time.
At the end of 1855, he said in
the report issued yesterday, the
number of people owning shares
in publicly held corporation
totaled 8.63O,OOO, an increase of
SO per cent since the last similar
study was made in 1852 by the
Bookings Institution. Mr.. Fun
Ston said another / A million per-
sons own stock only in private
corporations, making the total
investors in stock over 10 million.
but the census was confined to
publicly-owned firms.
Holdings Diversified
Many individuals own shares
in more than one company, the
report noted, and as such ap-
pear on more than one corporate
stakeholder list. In this connec-
ton, it noted that 1913, 900, 900
shares of stock are held by stock
holders of record and that the
percentage of shares held by
foreigners rose from IL per cent
to 3.6 per cent in 1856.
Some of the highlightS Of the
census:
l. For the first time. women
shareowners now outnumber
men, 4 ASS 900 to 4.175,OO On a
percentage basis, SIG per cent
of the shareowners are women.
compared with 49.8 per cent in
1852. Almost two thirds of the
women are housewives and nom
employed women, and this
groups percentage Of the stock
holder total (34.2) is the largest
group by occupation.
Average Age Declines
2. The median age of the O.
100000 new share owners added
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
Jersey STANDARD Applies
For New Stock LISTING

NEW YORK, July "a (P).-
Standard Oil Co. New Jersey
yesterday announced it will ap-
ply to the New York Stock Ex-
change to list additional capital
stock to be exchanged for stock
in Humble Oil & Refining Co.
Standard Oil said it will apply
for listing 206,296 new shares.
The exchange for Humble Oil
stock is to be at the rate of two
shares of Standard Oil for one
share of Humble.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
Life Underwriters Report
Membership Soaring

The National Association of
Life Underwriters said member
ship is booming as never before
and record-breaking attendance
is expected at its national con-
Ivention here. This will be held
September 1928, with head
quarters at the Hotel Statler.
Officials asserted Florida.
Texas, California and New York
ARE in the top running in the
membership race. These States
Iare expected to send the largest
delegations to the convention.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
Eastern Air Lines Stock
Surveyed by SutrO Bros.

The long-term potentials of
Eastern Air Lines common stock
are stressed by a comprehensive
survey prepared by Sutro Bros.
& Co.
The fact that Eastern will not
dilute its common for financing
SAT- million of new equipment
but rather generate the cash re-
quired internally and augment
same by insurance loans, is def
nitely a favorble feature and
possibly in time the determinate
of dynamic market action, the
survey states.
Ferris & Co. has prepared an
interesting study of Ryan Aero
nautical Co. Harris, Upham q
Co. is distributing a field report
on Charles Ffizer & Co., Inc.
Bache & Co. has issued a
study of General Dynamics Corp
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
Tempo ElectrOnics, Inc,
Names Vice President


Tempo Electronics, Inc,
Names Vice President
Jack w. Reiss has been APP
pointed vice president of Tempo
ElectronicS, Inc, which supplies
background music for CONNER
cial and industrial installations,
President H. A. Gayle announced.
Prominent in the sound equip
ment business here for eight
years. Mr.. ReiSs resides in Alex
andria, Va.
Tempo will become exclusive
distributor for Stromberg Carl
son sound equipment in this
area, effective August 20, it was
announced. The franchise in
cludes sound systems for schools,
hospitals, hotels, motels and in
dustry. Tempo also is distributor
for Muzak in Washington.
L. H. Gilpin. ST., is vice presi-
dent of Tempo and L. H. Gilpin,
jr., is secretary. Ben Strouse is
treasurer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
Board Cut to Eioht

RICHMOND, Va, July "a (P.
The number of directors of the
Virginia. Carolina Chemical Corp.
was cut to eight yesterday as
George Champion of New York,
executive vice president of the
Chase-Manhattan Bank, an
nounced his resignation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24

e@@@~@NOAAe AsAAs A<NA~ASbo o0AAs
While June net income was
slightly behind a year ago due
to a steel strike at Birmingham,
earnings for the first half of 1856
amounted to $19,036,167 or $2.70
share, Mr.. DeButtS declared.
For the same 1855 period, net
income was $18,434,020 or $3.50
share, adjusted to a larger
number of shares.
"Carloadings currently are
comparing very favorably with
last year. and on some recent
days they have been ahead of
last year." Mr.. DeButts added.
If it were not for the three
,month-old strike of the Tennes-
see Coal & Iron Division of
United States Steel Corp. at
Birmingham. and the effect it is
having on other industry, our
loadings for the six months
would be well ahead of last year
due to rapid industrialization of
the South"
The Southern's operating rev.
enueS in six months totaled
Sl4O,415,642, compared with
Sl38,866,125 a year earlier. June
gross was $22,513,688, compared
with $22,726,831 in June last
year.
Net railway operating for six
months, before interest, rentals
and other fixed charges totaled
S22,239,355 VS.. $22, 428,42 a year
earlier. Net railway operating
income for June was $3,2O5, 101
vs.. So, 429,791.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
Stock Exchange Study Lists
$1,000 Stockholders Here

The District of Columbia has
around $1,000 individual owners
of stock in publicly owned COM
panieS traded on the New York
Stock Exchange, OF around 22.8
per cent of the estimated $50 900
families here. Ownership was 6.5
per cent of the population.
An exchange survey also
showed that Maryland has 144.-
900 stockholders or So per cent
of the population. Virginia has
10000 shareholders OF 80 per
cent of the population.
In a special study of exchange
volume covering March IA and
81, 1856, transactions originating
in the District of Columbia
totaled 120.5O0 shares or IL
per cent of the volume for those
days. OF the District total, 10l,-
700 shares were traded fol
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
Investment Group Reports
Gain I'M Members Assets

The National Association of
Investment Companies said net
assets of its 152 member COM
panies was 1885, 35,OOO on
June 80. This was a gain of
$780, 26,OOO over the year-end
total for 1855. The association
said the 1875 open and (mutual
fund.- companies net assets in
creased by S774,449,O00 during
the first half of this year to a
total of $8,611, $4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
'3 RI s''BuszNEss
New Plants on Southern
To Cost $623 Million
BY DONALD B. HADLEY

New industrial growth along lines the Southern Railway
will set records this with work already
projects representing investment of 1928 million
Harry A. DeEutS reported today
Announcements also other projects some
of them in the immense category" another $500
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24

and 1890 for insti-
tutionS and Intermediates.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-24
MUTUAL FUNDS

NEW YORK, July "a R.-National
Association of Securities Dealers, Inc:
Moon QuOtatiOnSl
Smyrna times., 1956-03-08

ladder while at work on Monday
morning breaking his leg. He is
a patient at Kent General Hos
pital.
Mr.. Earl Carter is confined to
Kent General Hospital suffering
from a heart attack.
Mr.. Carl Prettyman will visit
the hospital on Thursday for a
checkup on his broken leg. He is
getting around pretty good now
on crutches.
The Rev. and Mrs. Claud Lynch
have recently moved in their new
home located near the Holiness
Church.
Mr.. and Mrs. Weston Crossley
have recently moved in their new
home. 1t is a very pretty home.
The living room is finished in
knotty pine, with an attractive
little fire place. The kitchen cab
inets are something fine. You
should make a visit and see the
nice work Weston has done.
The Kenton P.T.A. realized over
sos from the bake and food sale
held on Saturday at the new
Acme Store, Dover.
The ladies of Kenton Church are
planning a bake to be held In
the near future, with Mrs. c.
Clark, chairman. Mrs. l.. Everett
is co-chairman. The time and
place will be announced.
Don't forget to visit Raymond
Faulkner's Store this week and
see the window display arranged
by the Kenton All Club.
Smyrna times., 1956-03-08
KentOn

Kenton M. E. Church, the Rev.
Frank Lucia, pastor, announces
the following services for Sunday:
Morning Worship, IL o'clock;
Church School, 10 o'clock. Mrs.
Elizabeth Pratt is superintendent.
Choir rehearsal, Monday evening,
7:30 o'clock; Prayer meeting,
Wednesday evening, 7:30 o'clock.
Sayers Jewelry Store has present
ed a large chromium clock to
Kenton Church, and we are very
grateful for the gift. The old
clock has been out of order for
several weeks after six years of
use, The Adult Class will meet
in the church basement on We'd
nesday evening, March IA. Mrs.
Helen Rowlinson will preside.
Mr.. Paul Palmer fell from a
Smyrna times., 1956-03-08

Mr.. and Mrs. Harry Clough
were recent visitors with Mr.. and
Mrs. Foster Hickey of Greensboro.
The Kenton P.T.A. will hold
their regular monthly meeting on
Tuesday evening, March 1S with
Mrs. Helen Shackleton presiding.
Jimmy Bastian of Dover spent
Saturday with his grandparents,
Mr.. and Mrs. Eugene Hazel.
Mrs. Belle Everett and Mrs.
Loretta Clark are planning to at
tend a Democratic regional meet
ing to be held in Atlantic City
on Friday and Saturday, March
9 and 10.
Mr.. and Mrs. Edward Smith of
Marcus Hook are visiting Mr.. and
Smyrna times., 1956-03-08

Company, Bridgeville
o. A. Newton and Son Com
pany, Bridgeville
Sears, Roebuck and Company
Garden Mart, Dover
Southern States Cooperative,
Dover
Vane Greenhouses and Floral
Shop, Dover
Between now and the time OF
the program, more information
will appear in newspapers, by
radio and in the mail. Anyone de-
string the complete program
should call the County Extension
Office at Dover 2621.
Smyrna times., 1956-03-08
TALKS ON HOME GARDENING
Experts to Tell of Latest Ideas in
Home Grounds DEVELOPMENT

Home Grounds Development
Kent County home gardeners
will have a chance to hear ex-
perts talking about the latest
ideas in home grounds develop
ment on Thursday, March 22nd,
at the Capitol Grange Hall, in
Dover. They will also have a
chance to view a series of COM
mercial exhibits which will illus
trate many of the things discuss
ed by the speakers. The complete
program is as follows:
1000 The Kitchen Garden (herbs
and vegetables-plot plans, cultur-
al hints, plant materials) by Pro-
fessor E. M. Rain and Robert F.
Stevens.
10:45 Flower Borders for Con-
tinuous Bloom, by DR.. Charles
Dunham.
1:3O Principles of Home Floral
Arrangements by Mrs. Herbert H.
Greger, Rockville, Maryland.
2:30 Begonias and other Favor
ite House Plants, by Mrs. G. E.
DeCoursey, Paoli, Pennsylvania.
7:30 Landscape for Living"
color film prepared by the Amer
lean Association of Nurserymen.
7:45 Landscape Design for Small
Properties (Aim is on quick re-
suits, low costs, minimum care,
and a changing, attractive view
by DIR. Charles Dunhan.
8:30-Panel on Home Grounds
Care Emphasis on lawns, mole
and mosquito control, watering
pruning, etc., by Messrs. Mitchell
Kelsey, Stevens of the University
staff.
The building will be open from
$3.50 in the morning until after
the program is over in the even
ing so that people will have q
chance to view the exhibits and tc
talk with the various speakers
There is no charge and everyone
is welcomed to attend. A free
child care service will also be
maintained so that housewives
may attend the sessions.
Smyrna times., 1956-03-08

Mrs. Levi Everett. On Monday
Mrs. Everett and Mr.. and Mrs
Smith visited their aunts, Mis-
Mary Smith of Marydel and Mrs
Lena Bickling of Henderson, Md
Mrs. R. Ford and Mrs. r. Fauik-
ner were visitors with Mr.. and
Mrs. S. C. Walker of Wyoming
on Saturday.
Mr.. and Mrs. Richard Hughes
and sons of Wilmington were vis-
itors with Mr.. and Mrs. Edward
Hughes, Sr. on Sunday.
Smyrna times., 1956-03-08

Business men who are exhibit
ing include the following:
Clark Seed Company, Cheswold
Cook and Smith Greenhouse,
Dover
Davey Lumber Company, Dover
Del-Mar-Va Nurseries, Lincoln
Smyrna times., 1956-03-08

Dover Hardware Company, Do
yer
Eastern States Farmers EX-
change, Dover
Ellery's Nursery, Smyrna
"Massey's", Dover
Newton Chemical and Supply
Smyrna times., 1956-03-08

An old-timer remembers when
he could buy square meal for
what he's expected to tip the
waitress now.
The Southern Jewish weekly., 1956-11-23

they moi continued to battle for
Jewish national independence.
even Judaism as purely reli-
gious force would have eventually
perished. In that case. there
would have been no Jews in the
world-and no Christians either.
since Christianity sprung Out of
the bosom of Judaism. arose
more than two centuries after the
Maccabean struggle. No wonder
that Roman Catholics. too. COM
memorate the revolt of the Macca-
bees in their religious calendar.
Judaism, based on the idea of
Gods Chosen People, chosen not
to rule by the power of the sword
but to be a Light unto the Ma
tions," had necessarily to base
itself upon a particular soil and a
particular political state-the land
and the state of Palestine that
God had promised to tiff it was
to survive. How then, the anti
Zionists have been asking fire..
quently during the past century
and a half when assimilationist
ideas took hold of so many Jews,
had Judaism managed to survive
for nearly two thousand years
when it was deprived of its hal
lowed soil and its political state
and Jews were dispersed to the
four corners Of the earth? The an
swer, of course, is easy: 1t was the
hope of redemption, the Messianic
hope of a return to Zion, the daily
prayers for such redemption, the
religious rituals, that constantly
reminded the Jew of the Land of
Israel, which kept Jewry and Ju-
daism alive. Had the Jews after
the Dispersion, in ancient, medic
(Continued on Page l2)
The Southern Jewish weekly., 1956-11-23


led not only to the religious free
dom but also to the national indie
pendence of the Jewish people.
If anti Zionists. like the Council
of Judaism folk and others. still
harbor the fond illusion that Jews
are. or can be in the future. sole
lY a religious group without any
nationalistic connotations, lie t
them ponder the story of Chanu-
kah. Had the struggle of the Mac
cabees stopped when Jews won
their struggle for religious sur
vival against the Greek pagan re-
ligious forces of that time. had
The Southern Jewish weekly., 1956-11-23

Chanukah, the eight-day Feast
of Lights, or Feast of Dedication,
which begins next week, COM
memorates the rededication of the
Temple in Jerusalem after its de-
Element by the heather at the
time of the religious persecution
by the Syrians during the years
168-165 B. C.. At the same time it
celebrates the great victories of
the Maccabees, which eventually
The Southern Jewish weekly., 1956-11-23
ValdOsta, Georgia
National and Religious Survival
BY PHILIP RUBIN

REFLECTIONS ON CdANUKAH AND PRESENT-DAY ISRAEL
No other ehnic religious be found in the world
today besides celebrates holiday which all be
pared to the Jewish Chanukah festival festival in which the
religious nationalc nextcabY joined This
because unique blend religion natona that u
dasm religion intensely national
and natonalism is intensely religious.
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1956-03-22
LEGAL NOTICE

The State of Ohio
Geauga County
In the JeVenile Court
In the matter of
ROBERT ELDRED BORST
alleged delinquent child
Hulda Henderson, address un-
known
You and any other person hav-
ing custody or control of said
child are hereby cited to per-
sonally be and appear before
the Judge of the Juveniel Court
at Charodn, Ohio, on the 3Oth
day of March 1856, at 900 A.
M, at the Courthouse in said
County, in a case in said Court
in the matter of said child; and
this you shall in no wise omit
under penalty of the law.
A person so cited and failing
to appear may be punished as
in other cases for contempt
of court.
The nature of the complaint in
the case is as follows: Said child
is a delinquent child as defined
by Ohio Rev Code Sec. 215l .O2,
IN that he did violate Ohio Rev
Code Sec. 454904, and so con-
ducts himself SO as to injure or
endanger the morals and well
fare of himself or others
In testimony whereof, l have
hereunto set my hand and af-
fixed the seal of said Court. this
10Th day of March, 1856.
ROBERT B. FORD,
Judge and ex-officio Clerk of
the Juvenile Court. 1cl2
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1956-03-22
People Spots In The News

PANHANDLE cattle near Amarillo,
Tex, some stranded five DAYS by
SHOWS, get "air lift" relief: hay
dropped by Air Force planes. #=@"#== #
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1956-03-22
NEWS from MUNSON

celled. A new date will be set
and announced in this column.
Coaches are needed for both
Major and Minor League teams.
Anyone interested are asked to
contact Art Dade at Chardon S.
4531.
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1956-03-22

a service station salesman in
February, 121. He also held
the position of dealer sales
man 18 years having territories
of bulk stations in Chardon, An
dover, Orwell, West Farming
ton, Mantua, Garrettsville, Bur
ton station, Middlefield, Chagrin
Falls and PaineSville.
His hobbies were hunting,
fishing, and collecting stamps,
He had been secretary trea-
surer of the Chardon Fire Dept,
and an active member of the
Kiwanis club, Chamber of Com
merce, Odd Fellows, Eagles,
Geauga record. [volume] (Chardon, Geauga County, Ohio) 1952-1962, 1956-03-22

Mr.. Selzer's patrons had no way of
knowing that around the corner that
very day, in a small building off
Public Square, an event was occurring
which would revolutionize their living
habits, and open up an entirely new
life for their children. A group of work
men were setting out to construct an
sS-lamp dynamo for the newly formed
Brush Electric Light and Power Com
pany, forerunner of today's Illuminating
Company.
The years have wrought many changes.