davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04
By FRANK O'BRIEN
Financial Writer

The Treasury borrowed about
81 billion this year.
In addition, ii reborrowed 1855
billion of public debt that ma
tured during the year.
And it paid OF about $2l.5 bill
lion of the debt.
The Treasury stepped tenderly
through the economy as 1t car
ried out these operations.
Such tremendous amounts OF
money cannot be drawn from
and injected into the economic
bloodstream without causing a
disturbance.
In the interests OF keeping
its elephantine operations from
souashing the economic boom
getting underway as the year
opened. the Treasury backed
down temporarily from its goal
Of transferring more Of the pub
lie debt into longer-term issues.
40-Year Bond Offered
In February, as the transition
from the recession of 1854 to the
boom Of 1855 was becoming evi-
dent. but with long-term funds
still plentiful, the Treasury put
out a 40-year bond. It was the
longest term Treasury security
since the Panama Canal bond
OF 1911. The Treasury acted with
extreme caution, however, in
GLIDING the four-decade bond as
an alternative Offering. along
with a l3-month and a 2la-year
note, in refinancing SIS billion
of debt that matured early in
the year. Holders Of the matur-
ing debt took nearly 81 billion Of
the bond, and 1t settled well into
the bond market.
Encouraged by this. and with
HSSUTdIICC8 IIOku 1CkA8 -tSAA al
yestors such ~ insurance COM
panies. trusts and pension funds
that they had new funds avail
able for such an investment. the
Treasury in July re-opened the
issue for cash subscription. 1t got
another $500 million Of public
debt tucked away for 40 years,
at the rate Of 8 per cent-the
same interest paid a years
earlier on the Panama Canal
bonds.
Short term Financing
But aside from this. the Treas
ury hewed during the year to
short term financing and ref1n-
ancing. Any other course would
have run head-on into the rapid
" swelling demand for long-term
in business-which
during the year stepped up its
expansion plans from around SIT
billion 70 $29 billion.
The rising trend OF interest
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04

million tons of steel made last
year.
That record tonnage repre-
sentS more than 80 per cent OF
the 125 million tons capacity the
industry is geared to produce in
IL months.
The remaining fraction Of
theoretical capacity would have
to come from mills too costly to
operate and too hard to keep in
repair for constant production.
In 1854 customers bought only
IS million tons Of steel. The
previous production record was
set in 1858, when the industry
poured Ill million tons Of steel
ingots. But much of that ton
mage went into military uses.
25To to Auto Plants
Last year the auto industry
used about Is per cent of the
total.
Steel mills operated near Ca
pacity much of the time in 1865
setting records. first in weekly
tonnage, then for a month. a
quarter and finally the year. But
orders continued to pile up into
q huge backlog.
The obvious answer-everyone
agreed-was to add more steel
making facilities.
Steel Arms have scheduled an
estimated $1.2 billion for con-
struction for new facilities. But
much Of it won't be in use before
1887.
Just how much additional ca
pacity that will add to the steel
mills, wasn't easy to say. Capa-
city has increased II million tons
since 1852 but only about 500, 900
tons of that capacity came in
last year.
More Output Vital
Best estimates are that steel
mills must be geared to make
about 40 million more tons Of
steel q year by 1870.
BENJAMIN F. Fairless, who re-
tired this year as board chair
man of United States Steel
Corp, said the essential expan-
sion program will cost the in
dustry more than $500 billion.
Steelmen insist that even
with record earnings like those
Of the first three quarters this
year the industry can't finance
such an entire program with
out Government help or q price
increase.
The Government wanted more
steelmaking capacity IS q safe
guard in event of national
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04
BY WALTER BREEDE, Jr.

NEW YORK, Jan. R.-A
peacetime consumer shopping
spree sent the Nations 1855 re-
tail trade to a hitherto un-
dreamed-of high of $185 billions.
That's the total amount of
money that shoppers put down
in cash or put on the cuff in re-
tail establishments this year.
It eclipsed the previous record
of $170,741 10000 set in 1858.
1t represented a gain of 9 per
cent over the 1854 total of $170,-
664 .000. 900.
During most Of the year prices
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-01-04
Steel Output Sets Record,
Fails to Meet Demand
BY JOHN MOODY
Associated Press Financial Writer

PITTSBURGH 4.-The steel industry worked harder
and produced last than before but unable
give Americans all the steel they demanded
Things like record sales, booming business in home
appliances and high of consctionboth homes and
business budngs-used good portion of the estimated lis
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
Wedemeyer Heads
Fund Drive for
MuscuIurD ystrophy

Gen. A. c. Wedemeyer has
been named general chairman
for the 1856 muscular dystrophy
fund campaign in Washington,
James A. Farley. national chair
man, announced today.
The local campaign will in
clude a canvass by 1000 volun-
teers for one week starting
November 26.
Gen. Wedemeyer, commander
in the China theater during
World War II and later COM
mander Of the I'd and 9Th
Armies, now lives on a farm
near Boyds, Md.
He noted that "at least 10
young people are facing death
because of this dread disease"
in the Washington area. The
Muscular Dystrophy Associa-
ton. he said, has allocated more
than Sc million for research
since 1850. including grants to
DR.. Francis M. Forster, dean of
the Georgetown University
School of Medicine, and DR.. G..
Milton Shy of the National In
stitute Of Neurological Diseases
and Blindness.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
Cotton Estimates
Are Lowered
BY the Associated Press

The Agriculture Department
today estimated this years Gov
ernment-restricted cotton crop
at 13,153,OOO bales of 500 pounds
gross weight.
This midharvest season esti-
mate is $4,000 bales less than
the october forecast Of 13,26s,-
600 bales. 1t compares also with
14,721 900 produced last year and
100000 for the 1O-year t1e45-
54) average.
Because of the existence of re-
serve and surplus supplies total
ing IA million bales, the De-
partment had imposed acreage
planting allotment and market
ing quotas to limit production.
The crop has turned out to be
much larger than the produce
ton goal Of 10 million bales.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
60, P.Morein Grows
In lndionu House

INDIANAPOLIS, Nov. 8 (R.-
The Republican margin in the
House of the 1857 Indiana Gem
eral Assembly rose to 1924 to-
day as late returns gave the party
two unexpected victories.
The results gave the Republic
cans a net gain of Is seats in
the House. Two years ago their
margin was 63-37.
The picture was reversed in
the State Senate. where the DEM
ocratS picked up three seats, but
the Republicans still held a 1917
edge.
Central standard time held the
lead in returns from 81 of 90
counties on Indiana's advisory
time referendum. With most
rural counties and some urban
centers favoring "slow" time, the
count stood at 472,560 for est
and 403,633 for eastern standard
time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08

means continued job security fol
Federal workers for the next
four years. A Stevenson victory.
while it wouldn't have meant the
wholesale dislocation of per-
sonnet, undoubtedly would have
affected top-level jobs. This Is
true, whenever there is a change
of administration. And this il
turn would have made itself fell
down the line in some Federal
Jobs.
Mr.. Eisenhower's victory also
means that the Civil Service
Commission will remain under
the leadership Of the same TOP
officials, who have been in
charge since 1858. They are
Chairman Philip Young, Asso-
ciate Commissioners George
Moore and Fred Lawton and
Executive Director John w
Macy, jr.
: Although the csc has made
its share of mistakes during the
past four years, 1t generally has
compiled a fine record in pro-
Ividing leadership in Government
personnel matters. 1t also has
strongly defended and pro-
Itected the merit system, particu-
larry in the early days Of the
Republican regime, when pa
tronage-hungry G. o. p. poll
ticians sought to grab of career
Jobs for patronage purposes.
Thus. it is reassuring to Fed
eral workers to know the csc
will remain in good hands in the
immediate years ahead.
CONGRESSIONAL SETUP-
All the members of the House
Civil Service Committee. with the
exception of Representative Tu-
Imulty, Democrat of New Jersey
were reelected. A colorful fig
Iure and a strong friend of Fed
eral workers, the rotund and
Ijovial Mr.. Tumulty will be missed
All members of the Senate
Civil Service Committee running
for reelection were victorious
including Chairman Johnston
who had only token Republican
opposition, and Senators Mon
roney, Democrat of Oklahoma
Carlson, Republican of Kansas
and Hennings, Democrat of Mis-
souri,.
Former Representative Hagen
Republican of Minnesota, a long
time member of the House Civil
Service Committee until his de-
feat two years ago, failed in his
comeback attempt against Rep
resentative Coya Knutson.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
BUCHANAN COUNTY
MOUNTAIN FOLK
PASS UP ELECTION

GRUNDY. Va, Nov. 8 up.
Voters in the Blanken-
ship precinct of Buchanan
County passed up Tuesdays
presidential and congress
sional elections.
An election official from
the remote mountain pre-
cinct made the long journey,
part of it by foot, to the
county seat here to pick up
the ballots and poll books
Monday.
When he opened the
bundle for Tuesdays cleo
ton. precinct officials found
1t contained only the ballots.
The necessary poll books
were missing.
Rather than make the
long trip back to Grundy,
the officials decided just to
forego the election. Blanken-
ship polled 80 votes. mostly
Democratic, in the last
county election.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
New Jersey
Congress Seat
Still in Doubt

NEWARK. N. j., Nov. 8 (P.-
The lineup of New Jersey Con-
Igressmen today stood at 10 to 8
in favor of the Republicans with
an apparent markin of only two
votes keeping the 18th district
seat in doubt.
William MacPhail, the Hudson
County superintendent of cleo
tons, said last night that another
Irecheck had turned up two errors
in the ballot count in the race
between incumbent Democratic
Representative Alfred D. Sic
minski and Republican Norman
Roth of Bayonne.
An initial recheck Tuesday
night gave Mr.. Roth the House
seat by 200 votes. But Mr.. Mac
Phail said a tally clerk in Bay
Ionne made a 100-vote error on
Mr.. Roth's side and q mistake
turned up in the absentee ballot
totals, taking another 100 votes
from the Republican.
Mr.. Roth now leads by two
votes, Mr.. MacPhail said. But
where that slim margin came
from was not Immediately
learned.
Meanwhile, an around-the-
clock guard was placed on vot-
ing machines in the 18th district
Hudson County Prosecutor Fred
|erick T. Law assigned six detec-
tives, some were dispatched from
Mr.. MacPhail's office, and a de-
tachment of Hudson County po-
lice Joined the watchers.
County Clerk Edward Barrone
and his staff were recountine
results from all election districts
and expected to certify the win
ner next Tuesday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
Death Penalty
Limits Sought
In British Bill

LONDON, Nov. 8 P.-Prime
Minister Eden's government
published today its bill to limit
the imposition of the death pen
atty in homicide cases.
The measure would restrict
the hangman's moose to five
classes Of killings described as
capital murders" and for re-
Ipeated murders.
The bill, to be introduced in
the House of Commons, repre-
|sents an attempt by the govern
Iment TO effect a compromise
between those groups in Britain
demanding abolition of capital
punishment and those who want
no change.
Last March the House of
Commons, by vote of 286 to 1852,
approved a bill introduced by
Laborite Sydney Silverman to
abolish capital punishment. The
action was taken against the adj
vice of Sir Anthony's conserva-
tive government, but neither
Conservative nor Labor Parties
Instructed their members how to
vote.
In July the House of Lords
reversed the decision. This did
not kill Mr.. Silverman's bill,
since the Lords have power only
to delay. but it does prevent
lit from being considered again
before next April at the earliest.
Mr.. Silverman's bill would be-
come law if approved a second
time by the House Of Commons.
The Government explained
that its bill, with new classifi-
cation of capital murders" was
devised to deter killings by pro-
fessional criminals, killings of
agents of law and order and
killings "by means which are apt
to be indiScriminate in their eff
feet and particularly dangerous
to the general public"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
Norway to Grade,
Label Meat. Fish

OSLO.-The Norwegian Con-
sumner Council. made up of rep
resentatives of eight national or
CARNATIONS, has announced
that grade labelling and quality
control will go into effect soon
for canned meat and fish.
Labels will carry exact descrip-
tons of content. composition,
and weight.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08

that Gov. Meyner's interest in
Miss Stevenson was more than
casual came several months ago
when he visited her parents in
Oberlin. Reporters learned OF
the visit, but Mr.. Stevenson re-
fused to answer the telephone
or see reporters.
AS time went on, Gov. Meyner
and Miss Stevenson appeared
frequently in public together and
the questions directed to her
parents dwindled.
Then last night, the Stevenson
telephone got busy again.
Mr.. Stevenson and his wife,
hoping to avoid another flood of
questions. had sent out q news
release of their formal announce
ment Of their daughters engage
ment. The release was for use
at 9 am. today.
To Move Into New Home
But as it was distributed, re-
porters started phoning and
pressing Mr.. Stevenson for an
immediate announcement.
Finally, he indicated to a
Cleveland reporter he would
rather let the news out immedi-
ately than stay up and answer
phone calls.
With a January wedding, Gov.
Meyner and his bride will have
a newly renovated home nearly
ready to move into in Prince
ton, N. j.
The late Gov. Walter Edge OF
New Jersey donated his Colonial
mansion. Morven, to the State
to be used as an Executive Man
sion and it will be ready for &C.
cupancy next year. Princeton is
10miles from Trenton, the State
capital. q
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
ISkiippersOf'ier
|3S-Cent Boost
|ToDock Union

NEW YORK. Nov. 8 R.-
The New York Shipping Asso-
citation has offered longshore-
men in the Port of New York
a three-year contract with a
38-cent hourly package increase
over the three-year period.
Alexander Chopin, chairman
of the shipping association, an
nounced the offer at a news
conference yesterday, one day
before mediation sessions were
to be resumed in an effort to
avert a threatened waterfront
strike by the Independent Inter
national Longshoremen's AsSo-
citation. There was no immedi-
ate comment from the union.
Mr.. Chopin said the employers
were offering 80 cents more in
wages over the proposed three
year term and 6 cents more in
other benefits.
The union had sought a two
year pact with a 32-cent in
crease Immediately and numer-
Gus other money benefits.
Called Peace Proposal
Mr.. Chopin, who called the
offer "a proposal for industrial
peace" said it was a dramatic
departure" in negotiating pro-
cedures because the employers
ARE pushing our blue chips on
the table right now..'
The offer would grant an addi-
tional 10 cents in wages the Sec
ond year, and 8 cents more the
third year.
In addition, employers pro-
posed to increase welfare contri-
buttons from the present 9 cents
per hour to IL cents. to institute
two annual paid holidays-the
industry has none now-and to
better the paid vacations clause.
Mr.. Chopin said the vacation
and holiday improvements pro-
posed would, with the wage offer,
bring the package to 38 cents.
Negotiations Continuing
The parties are now continu-
ing negotiations under the Sec
ond extension of a contract origi-
nally dated to expire October |.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08

Her father, William E. Steven
son, president Of Oberlin College,
said they plan to be married in
January.
During the election campaign,
Miss Stevenson worked for the
Volunteers for Stevenson-Kef
yer. She is a distant relative of
Adlai Stevenson on her mothers
side of her family.
Explains Kinship.
Her father explained that like
this:
MY wife's aunt married Spen-
Ger Ewing, who was a double first
cousin of Adlai Stevenson's
father"
A graduate of Colorado College,
Miss Stevenson served with the
Red Cross in Korea. She was
later employed at the United
Nations Building and as a pub
lie relations representative of
an airline.
Her father isn't the only COL
lege official in her family's his
tory. Her paternal grandfather,
the late J. Ross Stevenson, was
president of Princeton Theolog-
ical Seminary. Her maternal
grandfather, the late Henry An
drews Bumstead, was head of
Yale University's Physics De-
partment.
Mr.. Meyner was elected Gov
ernor of New Jersey in 1858. His
political career before that in
cluded election to the States
Senate in 1947 and appointment
as minority leader three years
later. A graduate of Lafayette
College and the School Of Law at
Columbia University, he served
as a naval officer during World
War III,
One of the first indications
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
Cyprus Rebels Kill
18th Briton in Week

NICOSIA. Nov. 8 (R.-Anti-
British rebels struck twice early
today, killing a British civilian
and a Greek Cypriot.
The British civilian, a govern
ment employee. was slain in Liz
massol by two assailants who
fired revolvers at him. He was
the 18th Briton to die by vio-
lence on Cyprus since Novem-
Der /.
The Cypriot. Costakis Panos,
81, was fatally wounded near a
Turkish mosque in Nicosia by
unknown assailants.
By British count, the total
dead in the 18-month EOKA
campaign for union with Greece
now stands at 1853.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
TODAY'S WEATHER REPORT

District-Fair and cooler to-
night, low about 38. Friday
partly cloudy, rather windy and
quite cool. high about SO.
Maryland-Fair and cooler to-
night, partly cloudy and much
cooler tomorrow.
Virginia--Partly cloudy and
cooler with lowest temperature
around IS in the west and As
in the east tonight. Partly
cloudy. rather windy and cooler
tomorrow. high around SO.
Winds-Light variable winds
becoming northwesterly, 1918
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08

The second extension sets the
expiration time at midnight, No
|vember Is.
Mr.. Chopin was asked what
would become Of a major union
demand that bargaining be held
on what the union calls a ina
tional" basis, covering all ports
from Portland. Me-. to Browns
vile. Tex, rather than for the
port of New York alone.
He replied that the proposals
were for the port Of New York. +"
The union had said repeatedly
that national" bargaining was
its prime demand. but agreed to
set this aside at the beginning of
mediation sessions October 26, so
that negotiation of other issues
could proceed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08

SIOupS 50 lar as Government
workers are concerned - the
House and Senate Civil Service
Committees.
The Senate Civil Service Com
mittee is regarded as the most
important. since 1t nearly al
ways has initiated action on
employe legislation during the
past few years.
With Senator Johnston, Demo-
Icrat of South Carolina, continu-
ing as chairman, prompt action
can be expected on such legisla-
ton as pay raises, health insur-
ance, official union recognition
and various fringe benefits.
Strongest Friend
Senator Johnston is generally
regarded as the strongest friend
Federal workers have on Capitol
Hill, and he already has pledged
prompt action on pay raise legis-
lation for classified and postal
workers. The South Carolinian
also has promised swift action
on the union recognition and
health insurance bills.
The House Civil Service Com
mittee again will be headed BY
Representative Murray, Demo-
Icrat of Tennessee. Mr.. Murray is
OF a more conservative bent than
his Senate counterpart, but he
always has been eminently fair
and has played a major role in
Federal employee legislation.
While the Senate committee
probably will take the initiative
on the pay raise and some of
the other legislation, Federal en-
ploye leaders feel the House COM
mittee can be depended upon to
take up the bills after the Sem
ate acts. They recall past Con-
crosses where such a pattern was
followed, with the support of
such House Democratic leaders
as Speaker Rayburn and Major
ity Leader Mccormack in getting
the House Civil Service Commit
tee to take action on Federal
employe legislation.
Would Have Been Delay
Had the Republicans obtained
control of Congress, the Repub-
lican congressional leadership
undoubtedly would not have ini-
tiated action on Federal employe
legislation until the White House
made its position known on the
various bills.
This probably would have
taken months after the new Con-
gress convened in January. And
the White House is not so keen
on some of the legislation being
advocated by Federal employee
groups. although the admins
tration might offer a more modi-
ned pay plan of its own for
classified and postal workers, as
well as reSubmit its health in
surance and off-the-job training
plans for Federal workers.
\ ~
GOOD DEAL-Regarding the
White House, many Federal OBJ
servers feel President Eisenhow-
ter's victory was a good thing for
Government workers.
It's pointed out that this
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
Meyner, Miss Stevenson
To Marry in January

oBERL1N. Ohio. Nov 9sThe parents Of Helen Day Ste
venson daughter Of college president today announced her
gagement to Gov. Robert B. Meyner Of New Jersey.
The of the attractive 28-yearod brunette and the
handsome 48yearod Democratic linked
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
THE FEDERAL SPOTLIGHT
Prompt Action Seen
On SoIory Raises
BY JOSEPH YOUNG

Democratic control Of the forthcoming Congress means
IN all probability, prompt action Capitol Hill year on
Federal employe raises and other important legislation
Federal employ leaders candd express satisfaction
over the turn of events which will the continue
control Capitol Hin the next two with key
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08

miles per hour tonight and FRI
day. Visibility good.
River Report
From o. g. Engineers)
Potomac River cloudy at Harpers Perry
and cloudy At Great Falls; Shenandoah
cloudy at Harpers Ferry
Temperatures for Yesterday
tReadins WASHINGTON National Airportl
MidniEht --- a. Noon - ga
An. AZ pm. "a
am. ----- A. 3 pm. -- IS
Record Temperatures This Year
Highest, e5, on June 10.
February %.
HiGh and Low Of Last 20 Hours
Hish, 6s. at 1865 pm.
Low, So, at $40 am.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08

WEATHER BUREAU FORECAST-Snow flurries are fore
cast tonight for the Great Lakes region Upper New York
State Montana and Eastern New Mexico Rain Is expected
In Florida North Carolina and Tennessee Colder weather
expected for most Of the Atlantic Coast the Midwest and
the Southern Plains with warming trend South Dakota
Wyoming and Eastern Coorado-AP wrephoto
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08
Tunisio's Age Rate Low

TUNIS.-Tunisia's population
lis very young-half its inhabi-
tants are under 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-11-08

Tide Tables
Furnished by the United states coas,
and Geodetic Survey