davidaulloa/AmericanStories huggingface dataset:
The journal. (Caldwell, Ohio) 1934-1961, 1956-11-22
Special Meeting

Speclal Meetlng
A special meeting of the Mer-
rimakers club will be held
Thursday, Nov. 20 at the home
of Irma Smith in Park Heights
for those members who wish to
make trays. A sack lunch will be
enjoyed at noon.
The journal. (Caldwell, Ohio) 1934-1961, 1956-11-22
Mr.. And Mrs. John Hall OF RenroCk Observed
Golden Wedding Anniversary Last Sunday

Mr. and Mrs John Hall celebrated their golden wedding
nversay at their home Renrock Sunday
delicious picnic dinner enjoyed enjoyable
spent visiting with relatives friends
received nice gifts.
John w Hall and Louie May McNutt
The journal. (Caldwell, Ohio) 1934-1961, 1956-11-22

ClaSsifieds Paw Dividends
The journal. (Caldwell, Ohio) 1934-1961, 1956-11-22

Photo Observation-Disclosures
The journal. (Caldwell, Ohio) 1934-1961, 1956-11-22

McNutt were united in marriage
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
'' ri BUSINESS
Finance Groups Warned
ToHire Internal Auditors

ward in the week ended March
n, but both real estate and con-
sumner loans were off slightly,
the weekly report from the Fed
|erai Reserve Bank of Richmond
indicated today.
Commercial loans totaled
$197 ,597, 900 on March Z, an in
crease of $3,407 900 from 1884,
100. 900 a week earlier and ST.
297, 900 ahead of $3.50, 800, 900 on
the like 1855 date.
Real estate loans of $143.007,-
900 were off $169.000 from $143,-
007, 900 a week earlier and $13,-
1873, 900 above $129, 849. 900 year
earlier.
Other loans, described as
mostly consumer loans, totaled
$150,179, 900. a decrease Of $685.
900 from $50, 467 900 a week ear
lier and $40,634,000 ahead of
$109. 545, 900 a year ago.
Total loans of $496, 506, 600
were up $3,566.00O from $492.-
$40, 900 a week earlier and $780,
258, 900 ahead of $436, 248, 900 a
year ago.
Demand deposits of 1925, &c.,
600 were up $3,230,000 from
1921, 1860 a week earlier, and
$5,134,000 ahead of $919. 932, 900
on the like 1855 date. Time de-
posts of $260,606,0 were down
$l62,000 from $3.50, 1856 a
week earlier, but $2,796, 900 high
err than $257, 10000 a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16

He also testified he visited the
Office in Pittsburgh just before
this and was told there of prac-
tices of spread payments"
This term is applied to the cred-
lifting Of delinquent accounts with
company funds to make them ap-
pear to be, not delinquent.
Mr.. Bush said he asked Mr..
Conway about this and the vice
president told him he had been
given a SNOW job" in Pittsburgh.
Mr.. Bush testified he then
made a personal investigation in
to three Offices in Baltimore,
going over Mr.. Conway's head for
the first time. He then learned
lof Irregularities in the Baltimore
Offices, he said, and relieved Mr..
Conway and Mr.. Billiard of their
Jobs.
The Coastal Company is now
being operated by a court-ap-
pointed trustee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
Coastal Ex-Chief Denies
Knowing Of Irregularities

Frank B. Bush, former presi-
dent of the Coastal Finance
Corp. testified today he had no
knowledge of any irregularities
in the company's loan offices
until mid-August. 1855.
He said he learned of the
irregular practices and then re-
lieved the company vice presi-
dent and the supervisor of their
duties. After that. he said, he
ordered a true report on the
number of delinquent accounts
and where the Offices had put
the total at 803 at the end of
August, the reports called for
at the end of September showed
1850 delinquent accounts.
Mr.. Bush testified in the Sc
curities and Exchange Commits
Sion'S hearing on the Coastal
company. The SEC has asserted
in an order that there were false
and misleading statements in a
circular offering stock in the
company last August.
John ]. Conway, former vice
president in charge Of opera
tons, testified earlier that Mr..
Bush had asked for his resig-
nation and that of Larkin f.
Billiard. supervisor, because of
personnel disturbances and not
because of any irregularities in
the offices.
Mr.. Bush testified today he
learned last August 16 from
James j. Sanders, an accountant.
of apparent irregularities in the
Arlington office. He said he
asked Mr.. Conway to look in
to it.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
William Hetzler Honored
By Life Underwriters

William Hetzler received an
award from the District Life
Underwriters Association yester-
day at a Willard Hotel luncheon
for outstanding work as chair
man of the associations Life
Underwriters Training Council
in the last year.
The training program under
his leadership attracted a record
enrolment of around $50.
Members at the luncheon
nominated six for the board of
directors. Three will be elected
for three-year terms at the May
luncheon. Nominations included:
Wayne Dorman, Penn Mutual;
Colin Campbell. Provident Life;
Robert Gatewood. Lincoln Ma
tional; Gordon Abrams, North
western National; Glenn o.
Montgomery, Metropolitan; Ru-
dolph Arkin, Massachusetts, Mu-
tual.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16

TINE THRILLS begin in the first sixty seconds :
i and from then on they come in clusters.
Right off, you feel the stepped-up getaway in
Bucks ne,D Variable Pitch DynaAow* a blazing
new take-of even before you switch the pitch.
Because now-right in the topmost inch of pedal
travel-right where you do most of your driving
right in the fuel-saving economy range you're
moving with solid new "take-hold" getaway that's
brisk and blessedly smooth.
Then you double the thrill.
For when you want to pass-or climb get out
of tight spot fast-you floor the pedal and switch
the pitch. That brings you an absolutely smooth
burst of fullpower go-ahead on the split second =
and it's the nearest thing to soaring fight yet.
It's double-barreled package of excitement and
it's teamed with the most powerful vs. engine in
Buick history a 322-cubic-inch engine with no
less than 9.5 to compression in every CENTURY,
SUPER and RoADNfAsTER
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
More Records
Seen in 1856
For PEpC0

Potomac Electric Power Co.
expects to set still higher marks
in 1856 after setting records In
1855 and will continue an ex-
Ipansion program which has cost
more than $l01 million In the
last five.years.
President r. Roy Dunn told
stockholders in the annual re-
port today that operating rev.
Ienues in 1855 advanced to $751;
755. 900 a gain of II per cent
from 1854 and IS per cent above
1851. After a long wait, the
company was granted sub
Istantial rate increase on May
IS, 1855.
Expenses, interest and pre-
ferred dividends aggregating
$49, 7o2 900 were up 8 per cent
from 1854 and 81 per cent
ahead of 1851.
Balance for common stock
was $S.O5S.000 a rise Of 80 per
cent from the previous year and
68 per cent greater than for
1851.
+ Due to increased consumption
of electricity, the peak load of
$4,000 kilowatts occurred Au-
gust 2, a gain of 9 per cent from
the 1854 peak and 80 per cent
above the peak of five years
earlier.
More than 5000 customers
were added to company lines in
1855 raising the total to 321, IT'S
on December 81.
The company invested sos
million in new facilities in 1855
and expects construction ex-
penditures will of necessity con-
tinue at high levels for some
time to come Mr.. Dunn said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
Zimmerman Is Appointed
Schenley Vice President

Robert Zimmerman has been
named vice president of Schen-
ley Distillers Co. and will con-
tinue to serve as southeastern
divisional manager, with head
quarters in Silver Spring. Md.
Mr.. Zimmerman joined Schen-
ley as district manager in Wash
ington in 1948 and later was
State manager for New Jersey
His division includes Delaware,
Maryland, Georgia, South Caro-
lima, Florida and the District of
Columbia.
Robert whitley, former as
siStant to the vice president of
the Union Trust Co., has joined
the sales staff of WMAL-radio.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16

Capital Banks Increase
Business Loans in Week
Commercial loans of II reserve
member banks here turned up
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
Alb Speech Contest
Is Won by Sellers
For Second Year

]. Robert Sellers, head teller
at the Second National Bank,
won the annual public speaking
contest of Washington Chapter,
American Institute Of Banking,
last night and will represent the
chapter in the Abs regional
speaking contest in April.
Mr.. Sellers won the chapter
contest last year and was second
in the regional. The regional
winner goes on to national
finals.
Donald Tillson of Riggs Ma
tional Bank was second in this
years chapter contest. Other
contestants were: John Crutch-
field and James O'Neil, also Of
Riggs, and Mrs. Corella Bageart
of American Security & Trust
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
CHICAGOLNESTOCK

CHICAGO, Mar. 16 Up tUSDA.-
Salable hogs $500; active. butchers
ssaGs 70 TOP 10 %er
mostly steady: mixed q. s.. No. l to 3s
19O-270 lbs. butchers 12.50-13 90. with
large share of the sales 12.75-13 90;
butchers 1850: several loads and lots
No. and IS 200-230 lbs. 1925. these
sorted for weight and grade; 2S0-320
lbs. l2.00-12 so: 330-375 lbs. 1.50-
1900; bulk sows 350-o50 lbs. 1926
Salable cattle 500: calves 100; all
classes fairly active and fully steady;
eight loads choice 1886 ESQ lbs. steers
steers l6.50-18.O0: q part load mixed
good and choice 975 Id weights 1900;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
District Bankers Plan
Spring Meeting April 16

The District Bankers ASsocia-
ton will hold its annual spring
meeting at the Columbia Coun-
try Club on Monday, April Is,
President w. Hiles Pardoe an
nounced today.
Mr.. Pardoe, who is vice presi-
dent of National Savings and
Trust Co., said the usual gold
tournament will start at noon
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
INV DONALD B. HADLEY

Savings and loan associations
should set up internal audit sys-
TENS to guard against short
age Of funds such as was
discovered recently in Norfolk
association, warned Verne C.
Bonesteel. director Of the ex-
aminations division, Fedora ]
Home Loan Bank Board. yester-
day.
Addressing the Society of
Savings and Loan Controllers at
Atlanta. Ga. Mr. Bonesteel said
an internal auditor should be
hired by every association. Even
small associations should be able
to have such a watch dog on a
part-time basis by sharing him
with other small associations, he
said.
Regardless of what title he is
given, an internal auditor should
not be a member Of the board of
directors, but should submit
periodic written reports to the
board and should be independent
of all operating personnel, he
continued. He should be en-
powered by a board resolution
to examine any department. with
out notice, he said.
The internal auditor should
establish and maintain records
and working papers showing the
scope, continuity and frequency
of his audit procedures and
should make such papers avail
able to Federal examiners, he
declared.
This minimum program has
been given preliminary approval
by the Home Loan Bank Board,
subject to possible revisions be-
fore final adoption he said.
Capital Banks Increase
Business Loans in Week
Commercial loans of IL reserve
member banks here turned up
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
National Metropolitan
Votes Regular Dividend

Directors of the National Met
ropolitan Bank have declared a
regular dividend Of 8 per cent, or
go cents a share on capital
stock. President c. F. Jacobsen
announced today.
The dividend will be payable
April l6 to stockholders of record
April S. Books for transfer Of
stock will be closed from April
Is through April Is, both dates
Inclusive.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16

D. of c.
PEAKE BUICK, INC.
4so5 Wisconsin Ave. NV. EN-. 227oo. Washington. D. c.
OHIO WILLIAMS BUICK
ITO Good Hope Rood Sc, LU 1880 Washington. D. C.
STANLEY n. HoRNER, INC.
1879 l4th Street NV. no. 1920, Washington. D. c.
EMERSON g. oRAAE. INC.
18th & N Streets NV, pI. $500. Washington. D. c.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16
FOREIGN EXCHANGE

NEW YORK. Mar. Is R1.-Foreisn ex-
change rates follow tGreat Britain in
dollars. others in cents
Canadian dollar in New York open
market 70 per cent premium or 100 "
U. s. cents of f32 of a cent
Europe-Great Britain tpound) So so
1882. OF 10 of cent; Great Britain 80
day features 2.79 H. unchanged; Great
OF a cent: Great Britain 90 day features
2.7S 1892, off /32 OF a cent: Belgium
Grancl 200 "a. up 90 i of a cent;
France tfrancl IS Sc OF cent I'M
changed; Germany (Westernl (deutsche
mark $3.50. unchanged Holland gull
der) 26.12, unchanged Italy (iirai 10
y OF cent. UNCHANGED: Portugal
tescudo) $50. unchanged; Sweden
Rrona) 1894. UNCHANGED: Switzerland
franc) tfreel 1884, unchanged; Den-
mark (kroneD 1850 UNCHANGED
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16

few lots commercial and good heifers
14.50-16.50: utility and commercial cows
IL .25-l3 .00s Gamers and cutters 900
head light Gamers under 1000; utility
and commercial bulls I375-15.50; bulk
good and choice vealers 22.00-26.00:
Gull to commercial vealers 10.00-2l 90.
Salable sheep 500; fairly active;
slaughter lambs and sheep steady; good
to prime wooded lambs 97-l0I lbs. 5000
q rs: one deck mostly choice wooled
lambs 1877 lbs. at 1900: Gull to low good
II. DOL o. 90; shorn lambs absent: Gull to
choice slaughter ewes 5.00-8.00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16

formerly was with the Washing
ton Gas Light Co. and served
in the Army in World War II.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-03-16

land afternoon activities win in-l
Iclude O putting contest at $3.50
pm, q cocktail party and dinner.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
Steel Contract
Distinguished

NEW YORK, Aug. 2 Dr.
Further negotiations were ex.
pected today in efforts to effect
complete agreement on steel
contracts and get some $4,000
striking United Steelworkel
members back to work after
more than a month of idleness
Although basic settlement or
economic issues was reached last
Friday. so-called non-economic
differences between the union
and individual companies re-
manned to be ironed out.
Newspaper reports that mass
contractual settlements were in
the making last night were de-
MED by a union spokesman.
The spokesman said he had
mo knowledge" of such settle
mentS, including USW agree
Tment on contract language"
with the United States Steel
Corp.
Union and industry sources
have said they expect the U. s.
Steel-USW agreement to be
accomplished first. In the past
this has set a sort of pattern"
for contracts with the rest OF
the industry.
In Pittsburgh, top industry
officials said they were confident
the agreements could be worked
out within a few days, possibly
by the end of this week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
Retailers Given
for Drive
.ToGet Out Vote
Retailers throughout the coun.

Retailers throughout the coun-
try this week are receiving &C.
Ition plans for their campaign to
help get out the vote in the presi-
dental election this fall.
Plans are detailed in kits being
distributed by the Retailers Non
Partisan Get-Out-the-Vote Com
Imittee of the National Retail Dry
Goods Association, of which
James E. McGregor of Jackson
willie, Fla, is chairman.
"As Americans and retailers we
must do our part to encourage all
citizens to register and vote. y
Mr.. McGregor said. "Only by
getting out the vote can we pre-
serve a strong democratic, free
enterprise system which benefits
the Nation as a whole"
Philip M. Talbot, senior vice
president of Woodward & Lo-
throp here and serving his Sec
Iond year as president of the
NRDGA, has supported the elec-
ton campaign strongly. He ha.
repeatedly urged retailers to take
a more active interest in ma
tional and local affairs and tt
encourage their associates anc
staff members to do likewise.
The retailers campaign will
be concentrated in two periods
The first will be a week-lons
drive prior to the registration
date in each State. The SECOND
phase from October 81 to No.
vember 6 will stress the impor.
lance of voting in the November
6 election.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
Agreement Averts Strike
AT 9 Aluminium Plants

PITTSBURGH, Aug. 2 (R.-
A last-minute agreement on {
three-year, no-strike contract
early today averted a strike o.
$4,000 members Of the Aluminium
Workers International Union al
nine plants at Aluminium Co. Of
America.
The agreement is subject tc
ratification by a majority of the
local unions who have until Au-
gust 9 to cast their votes. After
he signed the contract, Edward
Stahl, president of the union
declared:
! my signature on the contract
is a recommendation"
The settlement, which came ir
the wake of a 24-hour strike
postponement, left this situation
IN the aluminium industry:
The AWIU's contract covering
$500 workers at 10 plants OF
Reynolds Metal Co. expired Au-
gust /. The union has granted
a day-to-day extension with pro-
vision for three days notice if a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02

strike is called. Negotiations are
continuing at Richmond, Va.
The United Steelworkers con-
tinued the strike it called yes
terday against both Alcoa and
the Reynolds company. The USW
represents $4,000 Alcoa workers
at IL plants and about 10000 at
nine Reynolds plants.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
Area Store Collections
Tagging Behind Year Ago

Collections of Washington
area department stores are run
ming moderately behind a year
ago, the monthly report from
the Federal Reserve Bank of
Richmond disclosed today.
June collections on charge ac-
counts amounted to 44.2 per cent
in the previous month and 45.2
per cent in June last year.
Collections on installment ac-
counts amounted to 1875 per cent
of June l receivables. compared
with 1874 per cent in the previous
month and 14.l per cent in June,
1855.
The stores inventories on
June 80 were 1913 per cent higher
than on the same 1855 date,
while outstanding merchandise
orders we're up 1912 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
ADVERTISEMENT.
Condensed from forthcoming bool
Through Gates
Of SplendOr"

This year five young mission
aries gave their lives in Ecua-
doris jungles vainly attempting
to convert the Auca Indians
one of the most savage Stone
Age tribes left on earth.
\ August Readers Digest
brings you the inspiring story
of their campaign, infused with
the spirit which sent Christian
faith and light flaming through
the world 1900 years ago.
Get August Readers Digest
at your newsstand: SO articles
oflasting interest, including the
best from leading magazines
and current books, condensed
to save your time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02

lent OF double that amount Tor
any investor making $4,000 OF
more of taxable income. At that
point, the Federal income tax
goes from so per cent upward.
The coupons Of most turnpikes
vary from 2.10 per cent to 3A
per cent for each 500 of par,
but with some of the issues SELL
ing currently around 80 and be-
low, the yields amount to 4 per
cent and more on the actual
amount invested. In terms of
high taxable Income this is as
good as 8 per cent or more.
Dealers say turnpikes attracted
many investors away from the
stock market when equities looked
too high or were sliding. When
stocks began their steady adj
vance, they dumped the turn
pixies to get back into stocks.
Virginia Issues Attractive
For D. C. Area Investors
Ric h m on d and Petersburg
issues now are quoted at SO bid
and "a asked, compared with
1914 and 1914 only two months
ago. They carry coupon Of 3.45
per cent.
Virginia Toll bonds with a 8
per cent coupon are quoted at
96A and 81. compared with
973s and 982s two months ago.
Both issues are tax exempt in
Virginia and the District as well
as with the Federal Government.
Another popular issue for area
investors is the Maryland State
Bridge and Tunnel 8 per cent
bonds now quoted at 1902 and
1917, but their relatively high
price makes them less attractive
than the Virginia issues. Two
months ago they were at 10034
and 1919.
Kansas Turnpikes bearing a
S3s per cent coupon are quoted
at 8612 bid and 871a asked, COM
pared with 9114 and 92A two
months ago. Because of the high
attractive price and rating of
these bonds they are receiving
some local attention.
The Pennsylvania and New
Jersey Turnpike issues remain
at the top of the list. The Penn
sylvania 3As are quoted at
1919 and 1929, compared with
1922 and 1041a two months
ago, while the 3.10s are at 96h
and 9714 VS.. 10O2s and 1919.
The New Jersey $50 per cent
bonds are listed at 81 and 98b,
compared with 1925 and 1037s
two months ago, while the Jer-
sey 314s are at 1872 and 104H,
compared with 1O4 and los just
q month ago.
Ohio Turnpike 3H per cent
bonds are quoted at 94H and
9434 VS.. 9412 and 951a two
months ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
Life Insurance Affiliate
OF GEICO REPORTS Gains

Government Employees Life In
surance, an affiliate of Govern
ment Employees Insurance Co..
reported yesterday that premium
income from all sources totaled
$685. in the first half Of 1856,
a gain of 81 per cent from $778,-
045 a year earlier.
Life insurance and annuity
contracts produced $835,7l3 Of
the total, while sickness and &C
cident lines accounted for $149.-
800. Policy benflts totaled $l46,-
865 in the six month. Outstand-
ing insurance in force amounted
to $72,904.915 on June 80 VS..
$50, 101 1852 a year earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02

New York Thruway 3.10s arr
listed at 10034 and 1011 u, com.
pared with 101 and 1O2. while
Florida Turnpike 3Hs have gone
to 90A and 91sz from 931s anc
941s two months ago.
West Virginia Turnpikes
Remain in DOghOuse
West Virginia Turnpikes re-
main in the doghouSe as the re-
suit of a long series of difficult
ties.
Even the bargain hunters
have been scared by a drop to
65A bid and 661a asked for the
3A per cent bonds from Tia
and 1914 two months ago. The
41s per cent bonds are listed at
70 and TBS VS.. TIN and 791a al
the end of May.
Characterized as the road that
goes nowhere the West Virginia
Turnpike still has no adequate
connections to the north or the
south and is the Nations only
new two-lane toll road.
However, some of its followers
hope that the Federal highway
program may provide funds to
connect it with important high
ways of other States.
SEC Chairman Seeks to End
Public Misconceptions
Too many people think that
registration with the Securities
and Exchange Commission is
tantamount to Government ap-
proval or guarantee as to the
worth of the securities or fair
ness of the price. declared SEC
Chairman j. Sinclair Armstrong
yesterday.
This is not only fallacious;
it is dangerous to the scheme of
investor protection envisioned
by Congress-" he declared.
The securities law require that
certain information be filed and
that it be true. but the duty of
evaluating that information was
left to the investor, he added.
Filing of periodic reports should
enable investors to exercise in
formed. discriminating and pru-
dent investment decisions, Mr..
Armstrong said.
He explained the basic pro-
gram of the SEC in the daily
news digest which appeared in
an attractive new. formal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-08-02
Jersey Oil Dividend

NEW YORK, Aug. 2 Up
Standard Oil Co. IN. j. today
declared a dividend of SO cents
on the common stock, payable
September II to holders of rec
ord August Is. The company
paid so cents in each of the two
previous quarters after splitting
the stock three-for-one in March.