davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20

pm. The window Is open from
'7:30 to $3.50 am. and again from
4:30 to $3.50 pm.
The new building has permit
ted the addition of much equip
ment to enlarge the bookkeep-
ing, proof and transit, account
ing and other departments. The
first two departments previously
were divided between Hyattsville
and Silver Spring Offices, while
accounting was at the Mt
Rainier Office.
The Silver Spring Office re-
tains the trust department head
quarters and personal loan and
mortgage loan departments
Hyattsville Office has headquar-
tiers of the mortgage loan de-
partment and Mt. Rainier Office
has a personal loan department
Suburban Trust Co. has shown
substantial growth since it was
formed by consolidation of the
Prince Georges Bank and TrssSt
Co. and Suburban National
Bank in May. 1851. Assets of
Sill, 429.143 last September 26
were SO per cent ahead of $751;
of the combined institu-
tons just after the 1851 merger.
The latest deposit total also set
a new record of nearly $104 mil
lion. a jump of 50 per cent since
1851, and loans and discounts
of nearly $50 million were up 100
per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20

Newsmen also saw a cafeteria
seating more than 100 and COM
mented on space for automobile
parking. including 161 places for
employees and around SO for
customers.
j. Robert Sherwood, vice pres
ident and treasurer, who was
host for today's tour, and Board
Chairman T. Howard Duckett,
have executive Offices in the new
building.
Other officers in the building
are; Thaddeus NJ. Jones, vice
president; Brice D. Duckett, as
sistant vice president; Lloyd c.
Carey. assistant treasurer and
manager of the new banking Of
flee in the building; Norman D.
Martin. personnel officer; F.
Kenneth White, assistant treas
urer; Cyril E. Marie, jr., con-
troller.
The new banking Office has
an attractive lobby with the
latest in fixtures and wall-to-
wall carpeting. 1t also has a
walk-up window. which is open
before and after regular hours,
which are from $3.50 am. to 2
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
Association
Raises Rate
To 3A Pct.

Directors Of Eastern Building
Association have voted to pay
3A per cent interest on invest
ment savings for the period end
ing December 81, it was learned
today.
Eastern becomes the first Fed
orally insured association in the
Washington Area to pay 334 per
cent on savings. 1t previously
paid 31z per cent.
Other savings and loan asso-
Citations may follow Eastern's
lead, it was learned. The saw
ings and loan interest trend
matches the increases now being
planned by area banks effective
January l.
Eastern officials are known to
feel that recent growth in re-
serves and economies in opera
ton now justify the higher rate.
AS in the past. it will continue
to limit receipts Of savings to
$1,000 per customer per month.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
YOUR
MONEYS WORTH
Pension Funds Power
~ SYLVIA PORTER

this subject is. Again and again,
in recent years. I've tried to get
facts; each time. I've been
stopped by replies ranging from
a cold I'VE don't release that in
formation" to an honest mo
one has the answers to that"
How many private pension
funds are there? (And mind you,
I'm referring here only to funds
built up in private business for
employees retirement benefits.)
All we have are estimates, but
the latest one is that the num-
Der of funds is near or tops TO-
900.
12.5 Million Covered
How many workers are COW
cred? The latest good guess is
at least 12.5 million.
What do the managers Of the
pension funds do with all the
money? Many a time when
I've asked for details I've been
politely told to go far away,
but there's no question that
the funds have been putting an
increasing amount of money in
the stock market and they've
also been going into housing
developments, shopping centers,
other building enterprises. And,
of course, they own Govern
ment and other types of bonds.
What regulations are there
over the funds? None.
Is there any drive for regu-
lation and supervision? Yes
but it hasn't made any head
way to date.
1t seems inevitable that some
day there will be more organized
supervision and regulation Of
pension funds. But first we
must know how gigantic a
power they really are. I bow
to the Twentieth Century Fund
for being a pioneer in trying
to find out.
tcopyright. 1856, Hall Syndicate. Inc,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
Try to imagine:

Try to imagine:
A kitty" containing $40 bill
lion - but subject only to the
loosest type of supervision and
completely outside even the most
ordinary Government regula-
tons:
A new total of $3.5 billion a
year flowing into this kitty-but
without any one knowing exact
ly how the money is getting
there or where all the billions
are:
A vast financial power that
could profoundly affect our en-
tire economic setup. deeply touch
the lives of millions of workers
and businessmen-but that de-
f1es precise statements because
no one has enough facts about
the form Of the power, its size
and potentialities.
Pension Funds Cited
What I am discussing are the
private pension funds of indus
trial corporations.
Since World War II, these
funds have skyrocketed in size
and number, and they're still
swelling at a roaring rate.
But only now. for the first
time, is an exhaustive effort to
be made to find out "the sizes
and types of the funds. how their
investment policies are managed
and who owns and controls
them"
The Twentieth Century Fund
is undertaking the monumental
job. "hopes to complete it," says
August Heckscher, director of the
Fund. by the end of 1857" 1t
is the Funds preliminary survey
which indicates that pension
funds now total nearly $50 bill
lion and are increasing at the
rate of $3.5 billion a year.
From my own frustrating ex-
|periences. ] know how. slippery
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
cHICACOLWEsTOCK

CHICAGO. Dec. 20 N CUsDA),--sal-
able hogs 9.OO0i fairly active; steady to
% higher on butchers; most late and
closing sales is to rs higher; sows
steady to IS hisher; advance on weights
over 400 lbs; poor order buyer demand
but all local packers in trade early: No.
2-3 mixed grade lots l9d-24O lbs butch
go ibs i7.sSS.17syM5i 10Y Is ne head No DsoI
these weights 1855; No. % 25O-2S0
lbs. 6.5O.17. 90; few 2s0-320 lbs. mostly
No. 10.00-16.5 so; larger lots 35O-550
weights under $50 lbs. scarce
6alable cattle 1000; calves 200;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20

the low balance for each full
calender quarter and will be
credited semi-annually on April
l and October /.
National Metropolitan
Lifts Rate From l Pct.
National Metropolitan Bank
increased the savings rate to 8
per cent from l per cent, Presi-
dent c. F. Jacobsen announced.
The new rate will be paid
across the board on savings
balances Of 500 and upward.
Interest is computed on the low
balance of each calendar quar-
ter and is paid semi-annually.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
Suburban Trust Opens
New Central Building

The new administration build
ing of Suburban Trust Co. went
into operation this week at 6495
New Hampshire avenue. just
beyond the District line. the
newsmen were taken on a tour
of centralized facilities today.
Designed to keep step with
growth which increased assets of
IA company Offices to a record
$111.4 million on the last bank
call on September 26, the new
building provides executive
Offices. 18th banking Office, and
space for centralized bookkeep-
ing, proof and transit depart
ment, personnel department and
IBM accounting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
NEW YORK PRODUCE

NEW YORK, Dec. 20 IN (usDAl. -
Butter full steady, Receipts 833,00O
wholesale prices on bulk cartons fresh) I:
Creamery, 30 score (AA) flM.6l3z
cents. 80 score (A) 61-6lM, 90 score
tBl 6034-61, 50 score (Cl b9-5aN.
Cheese steady. Receipts 1856, 600
Prices UNCHANGED
today. Receipts 21.S00. New York spot
quotations follow: Midwestern: Mixed
colors: Extras (4S-5O lbs.) 34h-35Is;
extras large (45-4S lbs.) 34-34Ia; extras
large 1894: checks 2Sh-3O. Whites:
Extras f4s-5O lbs.) 36h-39: extras
large (45-4S lbs) 35-36h: extras me-
dunn 3l-32. Browns: Extras (4S-5O lbs.)
1896.
Nearby: Whites: Top quality 1880
lbs; 41-452; top quality t45-4S lhs.)
39iz-41: mediums 31-32: smalls 1929.
Browns: Top quality. t4s-50 lbs.) So
81: top quality t45-4S lbs.l $3.50: me.
diuns 34-35; smallS 32-32h
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20

steers and heiiers moderately active:
Eenerally steady; Gamers and cutter
steady to 25 lower. bulls fully steady;
yealers steady to strong; instances / 90
higher; stockers and feeders steady; few
load and lots good to average choice
steers and yeaflines 17.50-22 90; latter
lof 1S9,361 shares including 1,025 shares
choice or prime steers offered: standard
to low good steers 14.50-17.25: few
loads good and choice heifers 17.aO-
utility and commercial cows 10.50-12 SO;
strong weight Gamers and cutters 600
1850; some light cutters $50 and
below; utility and commercial bulls
IA O0-16.0O: good and choice vealers
IA 00-23 90: odd head 24,00 light culls
down to TOO; good and choice 4AO-526
lib. steer calves 16.2b-19.65.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
Security Storage
Votes 2 Dividends

Directors Of Security Storage
Co. today declared a regular
quarterly dividend Of 30 cents
Ia share and an extra Of 40 cents
"a share. President Philip L. Gore
ANNOUNCED.
The dividends will be payable
December % to stockholders of
record December 20 and will
maintain the annual dividend
rate at $2>a share. This is equal
to $40 a share paid on old stock
prior to a 5-for-1 split around
Imid-year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20

ROJ RC4 CCllO VII dAAlOuAlIo dDONC
$4,000. Interest will be COM
puted on the low balance of each
calendar quarter and paid semi
annually.
Lincoln's action along with
the five nearby banks raised the
area total of institutions plan
ming to pay the higher maxi
mum permitted by Federal regu-
latory authorities at the start
of the year to 16. The nearby
banks include:
Alexandria National Bank,
Burke & Herbert Trust Co. and
First and Citizens National
Bank, all Of Alexandria; Farm
ers Bank & Trust Co. of Mont
gomery County, Md. and the
Citizens Bank of Maryland.
Yesterdays list included:
American Security g. Trust,
Riggs National, Union Trust Co.,
National Savings g. Trust. Sec
ond National Bank. National
Metropolitan Bank and Subur-
ban Trust Co. in nearby Mary
land. Previously the Anacostia
National. the Bank Of Silver
Spring and Old Dominion Bank
had acted.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
MUTUAL FUNDS

NEW YORK. Dec. 20 lR.-National
Association Securities Dealers, Inc
moon Qu0tatiOnsl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
Farmers Banking & Trust
At Rockville Also Acts

dEuICIo DdHhhltH O. AIuSO
At Rockville Also Acts
Directors OF Farmers Banking
a. Trust Co. of Montgomery
County have authorized an in
crease in the savings rate to 8
per cent on January /, Presi-
dent Richard F. Green an
nounced.
The bank has been paying 2
per cent. AS previously, interest
will be paid on savings balances
from $50 to $4,000. The rate
above $4,000 will be Q per cent.
Interest is computed on the low
balance of each full calendar
quarter and is paid semiannually
on June 80 and December 81.
Citizens Bank of Maryland
Adopts New Maximum
Citizens Bank of Maryland di-
rectors also increased the saw
ings rate to 3 per cent on the
first of the year. 1t was an
nounced by President Alfred H.
Smith.
Citizens now is paying 2h2 per
cent. The higher rate will be
paid on multiples of $500 and
interest will be computed on the
low balance of each full calen-
dar quarter. 1t will be credited
s.r'iannually on April ! and &C.
tcber l.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
Citizens Bank of Maryland
Adopts New Maximum
Suburban Trust Gives
Terms for Higher Rate

Suburban Trust Co. today an
nounced it would pay the higher
rate on all savings balances OF
500 and upward. 1t now pays
217 per cent.
Interest will be computed on
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
All Alexandria Banks
To Increase Interest

10 AnCTedSe INTEREST
All three Alexandria banks
have decided to pay 3 per cent
interest on savings accounts,
beginning January /, when the
new maximum rate permitted
by Federal regulatory authorities
goes into effect.
The Alexandria institutions
include: First & Citizens Alex
andria National Bank. Burke a.
Herbert Bank & Trust Co. First
e. Citizens National Bank.
Announcements from direc-
tors of the three institutions
came almost simultaneously to-
day following action by the
seven additional area institu-
tons yesterday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-20
'' 3 BUSINESS.
Lincoln, 5.Neorby Bonks
Join 3 Pct. Rate Porode
By DONALD B. HADLEY

Lincoln National Bank today became the latest downtown
washington bank to its decision to increase interest
rates on savings to cent January and all three Alex
anda banks and nearby Maryland also joined the parade
Richard Norris president, said Lincoln National will pay
the higher rate savings accounts of 500 to $4,000 and will
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04
Arlington Volunteers
Sought for SeuI Drive

The Arlington tuberculosis
and Health Association has ap-
pealed for volunteers to prepare
Christmas seals for mailing dur
ing this years 5Oth annual drive
for funds.
Mrs. j. York Welborn, chair
man of volunteer services for the
association. said needs are
greater than ever If the associa-
ton is TO continue its fight to
eradicate tuberculosis. She noted
that it is extremely costly to
continue operation of the mobile
chest X-ray units.
Persons desiring to donate a
few hours service during the
next six weeks, Mrs. Welborn
said. are urged to write the as
ISOLATION, care Of Box 293, Arl-
!, Va. or by phoning the
association headquarters at $3.50
North Fairfax drive.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04
Hyde Accuses Democrats
Of Using Lies, Half ruths'

he had in the Baltimore g. Ohio
Railroad shops here. He said a
worker had asked him why he
had voted against expanding
Social Security coverage. He said
the worker told him his opposi-
ton had reported such a vote.
ITS an absolute lie. | told
him that there was only a smat-
terlng Of votes from either party
against the Social Security meas
ure They would not resort 70
such a thing Il they had issues
about which 70 talk, Mr.. Hyde
said
The CONGRESSMAN is opposed
by Democrat John r Foley one
OF the pieces Of campaign mate
rial being distributed By Mr.
Foleys supporters concerns Mr.
Hyde's voting record Mr.. HYDE
charged last night that it was
full o. half truths and that
false implications were given o.
listing material out OF context.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04
McKeIdin Urges
Big Vote to Show
Nations Strength

FREDERICK. Md, Oct. 4 (P1
Gov. McKeldin urged Mary
landers yesterday to do Their
part in producing a record vote
at next months general election
as a demonstration to the world
that popular government is not
waning"
McKeldin made his remarks at
a luncheon meeting of a Fred
erick service club.
The Governor said politics "is
the lever that keeps control of
government in the hands Of the
people"
"The length of the lever
and thus the power which it
exertS on the fulcrum at the
seat Of ACKNOWLEDGEMENTS on
the extent to which the people
participate in our political pro-
cedureS," ne said.
Regardless of who wins the
election" he said, every vote
cast will be an effective shot in
the cold war, and the targets will
be those lands of oppressed
peoples where no elections are
held or where voters are given no
choice"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04

urers office. accounting Office
and additional space for land
records. There also will be the
main public works Office and
additional Office space for the
county commissioners. The first
floor Of the present building will
be remodeled to provide CEN
trally located Offices for the IL
cense bureau. land transfer clerk
clerk of the court, assessor and
other county services.
On the second floor of the
addition will be the home de-
monstration Office, the sheriff's
office, the department of parole
and probation. States attorney,
county agent and social service
workers. The second floor of the
present structure will be rem
ovated to provide additional
chambers for judges, an addi-
tional courtroom and a larger
law library.
Future expansion of the court
house will be possible by con-
struction of other floors on top
of the addition.
The commissioners recently
have purchased land adjoining
the courthouse property to pro-
vide more parking space.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04
Virginia District H
Teachers to Meet

School teachers from nearby
Virginia will convene for the an
nual business session Of District
II Of the Virginia Education AS
ISOLATION at 7:45 o'clock tonight
at Falls Church High School.
Samuel j. Coffey, principal of
Fairfax High School. is presi-
dent of District H and will be
chairman Of the meeting. The
district includes Alexandria. Ar
lington. Fairfax and Falls
Church.
Preston Turner Of Richmond.
assistant executive secretary of
the association. will outline
plans for the State convention
october 81 in Richmond.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04
Fairfax Board
|Okdys Ban on
Money Deals
By MARY LOU WERNER

A Sternly-Worded resolution
barring conflict of interest deals
and providing a way to prove
them was adopted by the Fair
fax Board Of County Supervisors
last night.
Supervisor William Moss, spon-
Sor of the resolution, said his ac-
ton was not "aimed at anyone, F"
but he felt it was a proper
measure to insure public conf
Idence in the board.
State law already prohibits
business transactions between
county officials and the counties
they serve. The new Fairfax reso-
luton goes further.
1t requires that all future con-
tracts with the county for more
than $1,000 contain the follow
ing two provisions:
l. A sworn statement may be
required that no member of the
county governing body. or i'm
mediate relative, or member or
employe of any boards or COM
missions appointed by the su-
pervisors has received or been
any financial benefit,
by way of fee. commission,
finders fee or in any other man.
ner remuneration arising from
or directly or indirectly related
to this contract"
2. Upon request of the super
visors. there must be furnished
under oath answers to any in
terrogatorieS related to q pos
Sible conflict of interests >"
The resolution also provides
that the county may inquire into
possible interest conflicts in
volved in any appointments and
that no appointment shall be
made or continued where a ma
jority of the supervisors agree
that a conflict of interest might
be created or perpetuated.
I'm against sin. too" quipped
Supervisor James Keith. But it
looks like so much smoke that
people will be sure there's a fire"
Supervisor A. Claiborn Leigh
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04
Health Tests Set
For Alexundriuns

Alexandria residents will have
a chance to undergo tests de-
signed to detect early signs of
chronic diseases at the Alex
andria Health department begin
ming Monday.
DR.. Thomas F. McGough, dir
rector of the city's Department
OF Public Health. said the tests
will be given without charge,
They will include a chest X-ray
weight and height examinations.
a hearing test, urinalysis and
vision tests.
Persons whose tests result in
suspicious findings" will be re-
ferred to their private physi-
clans, DR.. McGough said.
The tests will be given from
10 am 10 6 pm. each day from
Monday through Friday at the
health department, SIT North St.
Asaph street.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04
sy 30 s.aa colEs.ponasnt


CUMBERLAND, Md, Oct A.
Representative Hyde. Republican.
OF the 9TH district. last night
accused his Democratic opposi-
ton OF using "half-truths and
lies in bid to defeat him
Addressing a biz rally here.
Nj HYDE said the Democrats
have no issues and IN despera :
ton have had 10 manufacture
them
He added that there We're IS
sues but none about which they
want to let the people know
where they stand
The result is they have manu-
featured hslf-truths and made
more outright misstatements--
known 70 most Of US as lies
than any OF US have ever ex-
per.enced in previous cam
paiFns Nj Hyde said
Mr. HYDE cited a. what he
termed an example a discussion
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04

ators Butler and Beall and Rep
resentative Hyde of the sixth dis
trict.
Senator KnoWland was the key
speaker for the dinner and rally
sponsored by Allegheny County
Republicans. Earlier, he ad-
dressed an Advertising Club
luncheon in Baltimore, where he
urged election of a Republican
Congress.
Senator KnoWland called on
Mr.. Stevenson 10 be specific
about making new America. -
One hundred and sixty-eight
million Americans will not give
him a blank check or a blind
Endorsement for new America, .
Senator KnoWland declared.
Backs State Rights
Putting himself on record for
respect for State rights, Senator
Knowland asked if Mr.. Steven
sons new America will short
circuit the Constitution and give
vast new powers to the Federal
Government"
Il prefer the existing America
under the tried leadership of
President Eisenhower rather
than new America with Ste
venson-Kefauver and (Walter)
Reuther drawing the designs
and tinkering with the ma
chinery," Mr.. Knowland said.
In answer to Democratic
charges that Republican foreign
policy had let three peoples be
taken over by the Communists.
the Senator said that white II
million North Wet Namese had
been seized by the Reds, soma
ZOO million were taken forcibly
behind the Iron Curtain as the
result of secret agreements at
Yalta, Teheran and Potsdam
The Senator charged that the
Yalta Conference provided for
the division of Korea that paved
the way for the Korean war.
He also charged that the
American public was kept in the
dark for 10 years about the
position Alger Hiss played in
planning for the Yalta Confer
ence.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04
Jail CooIs Ardor of Girls
On Rock m Roll Mecca

Their ardor for rock m roll
singer Elvis Presley cooled by a
night in Jail. two girls missing
from their fashionable Woodley
Park neighborhood will soon be
back home.
The girls, Carol Church, 16. of
$500 Cathedral avenue NV,
and Jean DeGuibert, II, of 4519
Cathedral avenue NV. turned
up in Murphy. N. c., last night.
Their odyssey to see their hill
billy idol in Memphis. Tenn. be-
gan and ended in Carols fathers
nearly new Volkswagen. North
Carolina police picked up the
girls when they were involved in
q Understanding accident.
Murphy police called their
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04

parents, Mr.. and Mrs. Hardin
Church and the DeGuibert girls
mother, Mrs. Jean Middleton
They said they would keep the
pair overnight in an isolated
part of the jail until Mr.. and
Mrs. Church could pick them
UP some time today.
Carol, a junior at Woodrow
Wilson High School. and Jean
a seventh grade studnet at Dun
blaine Hall School. had S67
They earned it baby sitting.
Mrs. Middleton said hel
daughter dotted on Presley. She
said Jean had 26 of his records
and that Carol Church had al
most as many.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-04
6. P. Distributes
Precinct Handbook

A precinct workers handbook
is being distributed by the Tenth
District Republican Committee to
aid President Eisenhower and
Representative Broyhill in the
nearby Virginia area.
The 20-page booklet also seems
to encourage registration by as
many persons as can be reached
prior to Virginia's registration
deadline Saturday.
Our aim is not to convert
people" the booklet reminds the
precinct workers. Its to find
new Republicans. get them reg
iStered recruit them as
workers"