davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
YOUR
MONEYS WORTH
'SIow-Burninq' Initiation
BY SYLVIA PORTER

In Germany before World
War I, mortgage loans totaling
40 billion marks were outStand-
Iing-representing one-sixth OF
Germany's entire national
wealth.
In 1928, only 10 years later,
lit took more than 40 billion
marks to buy one United States
penny.
The mortgage loans had be-
come worthless. The thrifty mid
IDLE class had been financially
destroyed To beat skyrocketing
prices, people spent their money
as fast as it came in.
This was explosive imitation.
And although it stands as one
of the grimmest chapters in the
grim history of paper currencies
during the Goth century, the
German experience of World
War was not unique.
The explosion was repeated
in many countries during World
War II. But since World War
II, this has not been the cur
rency pattern in most major
countries of the globe.
New Study Cited
Rather. as the First National
City Bank Of New York puts it
in a fascinating study:
"Slow-burning imitation has
been the order Of the day, af-
f1icting almost the entire world. /"
And we have shared and are
still sharing in this slow-burn-
ing imitation. For what this de-
!Scribes is a modest" rise in
prices year after year-say, a
rise at rate Of no more than
2 or 3 per cent year.
This is what has been happen
ing here. This is what, as the
First National City admits, more
and more competent observers
believe is the drift of prices for
the rest Of our lives"
We rank fourth among the
nations in defense of our cur
rency's value since World War II.
The dollar that was worth 100
cents in the market place in 1916
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11

the Interstate Highways with Asphaltic mate
rials. They also say major savings in maintenance
costs would result.
A substantial part Of these potential savings
can be realized by your state If state officials
specify Asphalt construction on the Interstate
Highways they build. With this money, the state
can expand and improve its overall highway
program. This without an extra nickel Of taxes.
And when II comes to riding comfort.
No pavement is smoother, safer, easier-on.the.
eyes than Asphalt. And none more durable or
less expensive to keep in top riding condition.
SO make sure the road ahead is smoother in
your state. Raise your voice for ruore.roadior.
the-money Asphalt pavement
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
5 Coastal Finance Offices
Auctioned for $66O,OOO

BALTIMORE. Dec. II Pr
Five branch Offices Of a Silver
Spring small loan company were
sold at a United States District
Court auction yesterday for more
than $3.50. 900.
The branch ofiices we're sub
salaries Of Coastal Finance Co,
Seven others will be reorgan-
ized under bankruptcy laws
three IN Baltimore. two in Silver
Spring. one In Takoma Park and
one in Arlington. Va.
Federal Judge r. Dorsey Wat
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11

is worth II cents today de.
probation of 20 per cent in the
decade and an annual rate Of
depreciation (compounded) o.
"a per cent.
Swiss Job Is Best
| Switzerland has done the best
job. The Swiss franc has faller
from a value of 100 in 1916 to 81
in 1860 depreciation workinl
out to an annual rate of L.:
per cent.
In second and third place arr
Germany and India. The values
of their currencies have beer
dwindling at an annual rate Of
$50 per cent.
In 10th and 18th place stanc
Britain and France. Their cur.
rencies have been depreciating al
an annual rate Of as and 6.S
lper cent.
Bringing up the rear is Chile
Her peso is worth only S pei
cent of its 1916 value. The an.
nual rate of depreciation, com.
pounded, has been a shatterinf
25.3 per cent.
But provocative as these
statistics are to the professional
reader, what do they mean Il
you as an average American
citizen? This:
Say you invested a lump sun
in 1916 in any security paying
you taxable interest and that
every year since you have rein
vested the interest you received
II you are in the 20 per cent
income tax bracket. you woulc
have had to obtain an annua
interest rate of 4.3 per cent OF
your Savings-Just to hold ever
with the depreciation of the dol
lar and avoid actual loss.
If you are in the 40 per cent
income tax bracket, you woulC
have had to obtain an annual
interest rate Of 81 per cent tt
stay even.
A person in the 80 per cent ta1
bracket would have had 70 OBJ
tain an annual return of II pei
cent. This would not have put
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11

Housing Administration and the
Veterans Administration and the
holding of clinics with the Ma
tional Housing Center. In addi-
ton, he said, numerous talks to
business groups we're given about
the activities of the association.
He pointed out the associa-
tons membership has grown
now to 200 persons, represent
ing 43 organizations here. They
represent the principal mortgage
banking companies. the larger
commercial banks and local life
insurance companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
cHIcAGOLWESTOCK

CHICAGO. Dec. IL Up CUsDA)-
Salsble hogs $4,000; open slow later
trade fairly active; generally IS lower
on butchers: COWS mostly rs lower No
2-3 mixed grades 190-33O 10 butchers
10; 73- 1925; several lots No. 10. these
weights sorted for grade 17.4O-17 so;
No 2-3 24O-270 ID 1625-16.75; few
No. 2-3 2s0-310 ID l517-I625; larger
lots 350-550 ID sOws f3.5O-I47 Is; few
selected small lots IL 33O-350 ID 1900
salable cattle 10000: calves 400; re.
ceipts LARGEST 70 ra Tuesday with the
since July 1858; slaughter steers un-
even; wearing steers under HOO ID
weak TO 80 lower. other steers mostly
1915 lower; heifers IS to so lower
cows fully steady; bulls steady TO ~
higher: Instances UP more; vealers steady
70 strong few loads prime steers 20 rs
~ 30; few loads held above latter price:
high choice and price ~ O0-26 so; GOOD
TO average choice 175O-22 80: hieh
choice and prime heifers - .OO-23 90:
choice heifers l9.50-2O as: good heifers
I.0n-l - 90; utility and commercial cows
- uV-l2.Up; Gamers and cutters $50
~ 20: utility and commercial bulls
l3.25-l4 80. good and choice vealers
lso0-22 90; light culls down to 700.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
Union Trust
Boosts Extra
To45 Cents

Directors of Union Trust Co.
today declared an extra dividend
of As cents a share in addition
to a regular quarterly dividend
of 80 cents a share, President
L. P. Harrell announced.
The year-end extra compared
with a 30-cent extra declared at
this time a year ago.
In announcing the increased
extra, Mr.. Harrell reported 1856
earnings were very favorable and
said the board desired to in
crease the year-end dividend
whenever earnings justified such
action.
Both the regular quarterly and
extra dividend will be payable
January is to stockholders OF
record at the close December 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
Coolidge Chooses Again

HARTFORD, Conn, Dec. II
R.-Unlike his father, John
Coolidge. Of West Hartford,
chooses to run again and again.
The son of President Calvin
Coolidge was elected treasurer
of the Manufacturers Associa-
ton of Connecticut yesterday for
the 18th consecutive time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
Paper Reopens
In Kansas Civ

KANSAS CITY, Dec. IL (R.-
The Kansas City Star this morn
ing published its first edition
since a picket line was thrown
around its building Saturday by
some of its distributors.
Printers. stereotypers, engrav-
ers, pressmen and mailers re-
turned to work last night after
the picketing ended.
Jack Terrence of Chicago, an
international vice president of
the Pressmen's Union. said the
return to work was arranged
after an agreement that his
union would negotiate for the
carriers.
However. a Star spokesman
said the carriers still would
have to negotiate individually
with the Star as in the past.
The carriers, all adults, buy
papers from the Star at whole
sale and hire newsboys to deliver
them to subscribers.
The Star has contended the
carriers are independent con-
tractors and are not Star en-
ployes eligible for collective bar
gaining.
The carriers are members of
the Newspaper Carriers Cooper
alive Association, afiliated with
the Pressmen's Union. They
have been seeking an adjustment
OF the wholesale rates they paw
the Star for papers.
The pressmen have a contract
which expires January /. 1858.
and are seeking to reopen it
for higher wages. The printers
and stereotypers are working
without contracts while nego-
tiating new ones.
The abbreviated l2-page edi-
ton this morning carried no
advertising
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
Heavy Growth Reported
In Potomac River Traffic

Latest available figures fol
water-borne traffic on the Poto-
mac River, made public today
by the American Waterways
Operators, Inc, 1925 Connecti-
cut avenue. NV, showed a 1855
total of 3.795.561 net tons.
This compared with 2,4O2,14t
net tons for 1850.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11

kins opened bids on the Offices in
a day-long discussion Of plans TO
sell the assets and capital stock
Of the Arm.
General Acceptance Corp.
gained title TO assets Of three
Florida Offices In Orlando, st.
Petersburg and Tampa. for 1898. :
900. The Pittsburgh Office was
sold TO Continental Commercial
Finance Corp. for s225. 900 and
Ritter Finance Co. obtained
stock OF coastars Alexandra.
VA ONCE for ti4s.ioo.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
FOREIGN EXCHANGE

NEW YORK. Dec. II R-Foreiur
* .nange rates follow Great Britain In
dollars, others in cents unehanFed un-
less otherwise noted:
Canadian dollar In New York open
l0l n6i4 United States cents, on 3/39
Europe Great Britain (poundl
% 81 up a. 30-day futures
80 ~ 432. UP =; 60-day futures
90 l5f32, up On; Belgium (franci
VAAa; France ifrancl 2Sas Of a cent;
Germany WESTERN tdeutsche mark
~ SO Holland tguildery 26.i2. Italy
tural. lb't OF cent? Portugal lescudol
= 30 Sweden tkronal. 1894. SVitzer.
land ftrancl freel. 2334. Denmark
tkronel IA 80
Latin Ameriea---Argentina ffreel
2 no. Brazil ffreel. 50 Up ~; Mexico
SOL Venezuela bolivar, 40 Oh
FaT East-Hong Kong dollar, ~ SIS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
Suburban Trust Declares
Quarterly Dividend

Directors of Suburban Trust
Co. have declared a regular quar-.
terly dividend of 371a cents g
share, payable December 81 tt
stockholders of record at 2 pm
on December II.
The action taken last night
maintains an annual dividend
rate of $3.50 a share or Is pei
cent. This amounts to an aggre.
gate of $4,000 a year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
L unsburgh's to Pay
Christmas Bonus

Employees of Lansburgh's stores
will! receive their Christmas
bonuses on Friday. President
Ralph L. Goldsmith announced
today.
Individual payments will be
based on length of service from
less than three months to more
than 10 years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11

him ahead in the race .against
rising prices. 1t would Simply
have given him the same Lur-
chasing power he had in 1916.
This is what a modest" price
rise Of only 3 or so per cent a
year means to the saver. It's not
as harmless as it seems.
(Copyrisht 1856. Hall syndicate, Incl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
'' n sa''BuszNESs
GorfinckeI's Asks Holders
To Vote Brooks Meroer
BY DONALD B. HADLEY

Directors OF Julius Garnckel asked stockholders
to approve plan for merger and consolidation Broth
Inc New York subsidiary of which SO per cent
the outstanding stock
called at 1890 am on Monday January at Fairfax Va
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
METAL QUOTATIONS.

NEW YORK. Dec II ~. SPOON non.
ferrous metal prices today Copper rs
cents pound. Connecticut Valley Lead
10 cents pound New York Zinc i3is
cents pound. East ST. Louis Tin
~ OCT 4 pound New York Foreign sil-
i.tr VI y cents per troy aeunce NeW
fork Al Pittsburgh scrap steel No
heavy vas quoted a. 500
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
II. c. Little Is New Heed
OF Mortgage Bankers

Francis c. Little senior president Of F. Saul Co. was
elected the president Bankers Association
of Metropolitan Washington yesterday
He chosen at the annual luncheon meeting held
at the Sheraton Hotel Other were
Vice president Brtton Browne h
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11

thirds of Garfinckel's outstand-
ing common and preferred
shares must approve the plan for
it to become effective.
Corporate simplification re-
sulting from the merger of Brooks
into Garfinckels is expected tc
provide greater financial fiexi-
bility and greater capital ano
credit facilities.
AS a result it is anticipated
that a So million expansion now
being planned by Garfinckel'S
and Brooks for 1857 can be
financed on more favorable
terms.
The merger also will relieve
Garfinckel's from paying Fedora,
income taxes on dividends paid
to it by Brooks.
To some extent the merger
should permit greater pooling oil
the services of skilled merchan-
diSing and managerial personnel
thereby resulting in a more eff
Gent and economical overall
operation. declared a statement
mailed to stockholders with
proxy forms.
Brooks has an authorized cap
ital stock of 1,617,40O shares OF
common. of which l.443,822 have
been issued. Garfinckel's owns
1891 1853 and 76/100 shares OF
this stock, 1854 shares are in the
Brooks treasury and 1858 and
24/100 shares are outstanding in
the hands of others.
Garfinckel'S plans that, on
contamination of the merger, the
treasury shares will be surren-
dered and Cancelled and proposed
to convert the remaining Brooks
shares in Garflnckel common at
the rate of one Garfinckel share
for each 4E3 shares of Brooks.
The exchange ratio is based c.
the approximate market value OF
the two stocks. No fractional
shares will be issued and frac-
tional shares will be paid in cash
equivalent in value to the frac-
ton of a share of this company
which would otherwise be is
Suable.
Brooks Ranks as Oldest
Mems Store in U. S.
Brooks is the oldest mems store
organization in the United States,
having been organized in 1918.
It's clothes have taken an i'm
portant part in history Lincoln
was wearing a coat from Brooks
when he was assasSinated.
Garf1nckel's acquired control
of Brooks and merged it with
A. DePinna Co. in 1852. Brooks
maintains a Brooks Bros. Di-
vision and DePinna Division
After the proposed merger Gar
flnckel's would have a Gar
finckel's Division as we'll as the
Brooks and DePinna Divisions
Each division would continue to
operate stores under present
names.
Brooks Division has a main
store in leased property at Forty
fourth street and Madison ave-
nue., New York City. 1t also has
branches at Ill Broadway, New
York City; in Boston, Chicago,
San Francisco and Los Angeles
Manufacturing facilities are OPP
Grated on leased premises in
Paterson, N. j., and Brooklyn,
N. Y.
The DePinna Division has a
main store at 642-650 Fifth ave-
nue. and pa West Fifty-second
street, New York. consisting of
two connecting buildings. 1t also
has a branch store at Miami
Beach. Fla.
Garfinckel's has authorized
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
d. c. Building Permits
Jump Above Year ago

Private building permits issued
in the District of Columbia dur
ing November amounted to 49,.
763,938, or more than double the
| 81 ,805,380 recorded for November
last year, the monthly report
from B. H. Benson, superintend.
Ient of permits, disclosed today.
However, the November total
was behind $5,405,394 in &C.
tober.
Permits for II months this
year aggregated $57,42l,149. a
decline of 1873 per cent rom
SOS, 858,121 in the same 1855 pc
Iriod.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11
MUTUAL FUNDS

NEW YORK. Dec. II R-National
association Securities Dealers Inc
moon QuOtatiOns)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-12-11

capital of $50 million, consisting
of 100000 shares of preferred
and 100000 shares of 50-cent pal
common. 1t has 180.75O CON-
mon shares authorized but un.
issued. OF this total, $4,000 are
reserved for employee restricted
stock options and the remaining
57.483 shares are available fol
issuance. Shares for conversion
of Brooks shares will come from
these.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09

ALEXANDE
Mrs. William T. Haley, 3
ing Alexandria volunteer
ways while looking straig
five free health checks b.
is Nurse Bernice Norris
SDrinofieId Woman
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09

'AYS' TEST
takes her turn dur
lecking ability to see side
visual field" test, one of
= city health department,
Boy Driver CAUGHT
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09

0IX VOIOlNS
Trial
and called police when he saw
her drive through the red light.
At the clearing, Mrs. Buhl said
Goodman made improper adj
vances and ordered her to I'M
dress. Upon her refusal, she said
he fired his revolver once into
the woods.
The car was stopped about 7
pm. at Greenbelt road and
Rhode Island avenue by County
Police Pvt. William A. Baxter
who testified Goodman had alco-
hol on his breath but was not
drunk. Neither mother nor son
had been physically harmed.
Tells Of Drinking
Questioned by his other at
torney, Theodore Manga, Good
man said he drank six half-pints
of whiskey between pm. that
day and the time he drove up
with Mrs. Bull at 6:15 pm.
He denied making improper adj
vances. said the gun fired &C
cidentally, and could not ex-
plain his actions other than he
was drunk. He added in a
barely audible voice:
Il was sick and tired of drink
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09
Court UphoIds

Vote
A controversial rezoning, in
which a former Fairfax super
visor cast the deciding vote to
reclassify his own land, was up
held in Fairfax County Circuit
Court yesterday.
Judge Paul E. Brown ruled
that the 4-to-3 vote, by which
a two-acre tract on Leesburg
pike near Falls Church was
changed from residential to COM
Inercial use. did not violate zon-
ing regulations and was not spot
coming.
The property, adjacent to the
George Mason High School. is
owned by C. B. Runyon, Falls
Church businessman and former
county supervisor. He broke a
3-to-3 tie on April 20, 1855, by
voting for the rezoning. which
was opposed by the county plan
ming commission and most of the
residents of the area.
Judge Brown said the question
OF Mr.. Runyon's voting on the
rezoning affecting his own prop
erty was one that cannot be de-
cided by this court"
There is only one question to
decide in this case" judge
Brown said. That is, was this a
spot zoning?"
Judge Brown said he had
heard much discussion over the
of spot coming" adding
that the big Seven Corners COM
mercial development could be
classified as a case of spot zon-
ing.
One of the board members,
Stuart DeBell, had testified
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09

- I~rrn1~ on-,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09
I came to my senses and realized

I was wrong, but I didn't know
how to get away from it
never would have harmed her OF
the child"
Goodman. who sat motionless
and stared downward during the
nnfira- fhraa-hnii, A,.in1 L. -.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09

3 North French street, Alex
health tests at a machine {
hit ahead. In charge of thii
ing Offered this week by tt
Star Staff Photo.
Polio Shots Available
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09
MARYLAND-VI NEWS
Aoo~,I4 Q~A4o~,N@J:.I

HSSOUASI OOON
Returned in
A District iron worker today
stands convicted of two counts
of assault and battery after being
tried in Prince Georges Circuit
Court on charges of kidnapping
and attempting to rape and kill
Ia Riverdale mother.
After less than 80 minutes of
elaboration, a 12-man jury yes
terday returned the verdict
against Bernard L. Goodman,
rs, of the 1900 block of Bryant
street NE. Judge j. Dudley
Digges postponed a sentence
which, States Attorney Blair H.
Smith said, "copld be any term
that does not shock the con-
science of the court"
Defense attorney Roscoe H.
Parker apparently capitalized on
Ia technicality in the statute
when he told jurors the kidnap-
ing charge was invalid, since
Maryland laws does not define
kidnapping within the State.
Failure of the State Legisla-
Iture to clarity such an instance
means kidnapping refers to the
Icommon-law Interpretation that
la kidnapped victim must be car
Il ied from one county to an
lother, Mr.. Parker said.
Definitions Read
Assistant States Attorney John
w. Mitchell read kidnapping
definitions from two books on
criminal law. which he said were
universally accepted. In his
summation, Mr.. Mitchell told the
liury he would accent MT
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09

THE EVENING STAR, W
TUESDAY, OC
kins in opposing the rezoning,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-10-09

ashington. D. c. " Ais
ODER Q, 1856
plicants during his service on
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-06-10
EIIery Finds A Murderer

ElIery said, eying June Graham tenderIy.
''You left something out, Graham"
Hank Graham was Stroking his wife's
hair. He didn't look up. did I?'
Eyes. The one fact that clears YOU.
you idiot, and pins this murder where it
belongsr"
And EIIery had them bring
Brooks killer in.
"You kept saying your money was
stolen from where you'd hidden ii in
your room, Graham, and Johnson adj
mitted he'd been the thief. But what you
forgot to tell US, and what Johnson care
fully neglected to say, was where in your
room the money was hidden"
He requisitioned the official envelope
containing the evidence, and from it he
took Graham'S stolen money.
These three one-thouSand dollar bills
were tightly rolled up, and the top bill is
oil-stained," Ellery said. You'd there
fore hidden your money, Graham, in
something narrow and tubelike whose
insideS are oily. Hank, why didn't you
tell us you'd rolled up the bills and
slipped Them into the barrel of your As
for Satekeeping p
Holy smokers" Hank groaned.
Then it wasn't money Ratsy Johnson
was after when he went on the proM in
your room; it was your As. He had no
gun, and he figured a newly returned
CT might have. 1t was only when he
examined the AS later that he found the
three bills in the barrel.
so the money places the gun that
shot Brock in your possession, Ratsy,"
Ellery said to the suddenly green-faced
fugitive. "You Sneaked into Brooks
room after Graham left tonight, shot
Brock, looked for the money he'd hi
lacked from you, couldn't find it, lost
your nerve, and ducked back to your
room. Juney Graham just missed seeing
you as she went to Brooks room to find
him dead" Ellery grinned at the newly
weds. ANY queStions?"
"Yes," Hank Graham said, drying his
wife'S tears. Anybody know a good
real-eState agent?" The End