davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-22
Home Loan Fund Supply
Seen Remaining Tight

are being offered from other
parts of the country; we also
must compete with other types
OF investments that are being
offered to our investors, such as
Government bonds. commercial
loans, corporate bonds, common
stocks, purchase leasebacks and
other types of legal investments
For this reason. mortgage in
vestments must always be COM
petetively priced to be attractive
to the buyers.
4 Demand Is Great
One of the reasons why 1t has
been difficult to place your mort
gage loan, is that since the enc
OF the war, more money has been
needed for mortgage and other
Investments than current savings
have been able to take care OF
even on national scale.
The institutions that have
bought the large majority of the
loans have been selling other
types of securities in order to
invest more of their funds in
first trust loans.
They have now more or less
completed their conversion ano
feel that they have well-bal-
anced portfolio. In consequence
they are more and more having
to gear their mortgage purchase:
to current savings and payoffs
of existing loans.
This, naturally. tends to keer
the investors from committing
themselves to take real estate
loans in any large quantities
with the thought of selling Other
investments at the time tn,
loans are ready for delivery II
order to pay for them.
/ Now this situation, as ex'
planned above. coupled with +,
large demand from other sources
for funds, is the real reason tina
We have less mortgage funds t,
lend than we have borrowers
If you have read the paper
recently, you will have seen tina
/ it is possible for an institution
to lend money to a corporation
such as the Ford Motor Co. o.
to large utility companies anC
get a 4 per cent net return-o
even lend on Government guar.
anteed loans secured by build.
ings leased to the United States
Government and still receive {
A per cent yield.
1t is. therefore, not attractive
for money lenders to lend at AZ:
per cent on FILA or VA loan.
for single family houses.
Loan Must Be Serviced
1t must be remembered thai
when an institution makes {
loan on house for $4,000 there
is lot of work involved in serv,
icing this loan during its life
and the total cost of such Servic,
is estimated at n of l per cen
per year, thereby reducing thu
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-22

over the less attractive lower
yield investments.
One OF the things that stumpi
the average person is this. Why
are some loans approved anc
others declined when, on the sur
face, both are good loans?
one must take into considera.
ton the fact that no institution
wants to be completely out of thu
market as far as making loans /:
concerned, so they change theil
requirements according to how
much money they have available
during certain periods.
For instance, Immediately
after the war. with the pressure
being put on to get a lot of loans
on the books. institutions tool
more or less all Of the FILA ant
VA loans that were submitted t.
them.
Requirements Tougher
Now. however. in order to SLOW
down the number of application,
they receive. numerous require.
ments are stipulated.
Such items as overtime pay Of
a wife's income may not now b
considered; the applicant mus
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-22

these loans could then COM
pete with other types Of invest
ment on a better basis.
The only other method that I
can see that would help the
money situation would be for the
Federal Reserve Board to change
its policy and actively support
the Government bond market,
which would mean that they
would have to purchase Govern
ment bonds. and in effect in
crease money supply. At the same
time. the prices Of the Govern
ment bonds and other types of
bonded debt would improve; this
would then decrease the yield in
that type Of investment, and the
FILA and VA loans would be
priced more closely to par and
still be an attractive investment
for financial institutions. Either
one Of these solutions could we'll
happen later on. but we see no
signs at the present time.
Unless the interest rates are
increased. a good barometer to
follow are the Government bond
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-22

AZ per cent loan to an actual
3s4 per cent yield.
Thus it becomes necessary to
sell FILA or VA loans at dis
count because the interest rate
is fixed by law in order to give
additional net yield to the in
weston. Generally. the so-called
conventional loan "a loan with
out Government insurance. must
bear a higher rate of interest
now than it was necessary to pay
in the past for the same reason.
What actually happens each
week at financial institutions is
that applications for all types
Of loans or investments are ex-
amined and a decision reached
by the financial advisors who
know how much money they have
to invest and when it is to be
available--as to the ALLEGATION
of funds. In most cases today,
the dollar amount of the APP
plications for loans greatly ex-
ceeds the funds that they have
to invest. so naturally, the in
vestments offering the best net
yield, considering the safety of
the investment, will be accepted
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-22

firms for expansion Of plants and
facilities--they. too. are willing
to pay a high rate Of interest.
The Government, itself, is also
gong to need a lot of money to
finance its military housing pro-
gram, the GSA lease-purchase
program and the highway con-
struction program, and they. too
must compete for the investors
dollars.
Sees No Relief Soon
When you take all this into
consideration - even If house
construction is cut back ever
further cannot see any relief
in sight.
Now what would change the
situation as far as FILA or VA
loans are concerned?
If Congress should approve an
increase in the interest rate on
VA loans to 5 per cent (FHA
does not need congressional ac-
tom you would almost inn
mediately see more money put
into this type of investment, be-
cause, as has been explained
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-22

quotations in your daily paper.
When you see the prices Of the
so-called Victory bonds Of De-
cember is, 1967-72. improve to
about 81 or 9S 1t will be a signal
that mortgage money is easier.
In late August they were selling
at 81 1882 and on this basis will
yield an institution 3.18 per cent
on its investment. AS you can see.
institutions are reluctant to sell
even the few bonds they have
left in order to invest in real
estate loans when you consider
they paid par or above for these
same bonds.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-09-22

RESIGNS Charles j.
Bauer, executive secretary
of the Washington Real
Estate Board, has resigned
his post, Harvey L. Jones,
retiring president of the
board, announced today.
Mr.. Bauer formerly was
executive secretary of the
Building Owners and Man
ayers Association of Metro
politan Washington, Mr..
Jones said the post being
vacated by Mr.. Bauer had
not been filled as yet.
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09

took the report under advisement
and said it would hold public hear
ing on it.
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
Presbyterians
Back Integration

Montreal, N. C.. June A - The
96th assembly OF the Presbyterian
church, US, refused to disturb its
year-old policy favoring racial in
tegration.
The assembly took a pro-inte-
grafton stand last year, and voted
recently 249-136, not to consider
the matter anew.
There had been suggestions that
the assembly repudiate it's position,
and leave the question of integra-
ton up to local churches.
A report of the standing commit
tee on church relations disapproved
of the suggestions. Then, opposi-
ton developed on the floor to the
committee report. 1t was then the
assembly voted to put aside the
entire matter.
The Rev. All Mathis, of Brim-
inCham, Ala, assured the assembly
that there had been no question of
segregation raised publicly in Bir-
mingham insofar as the churches
are concerned, and that Negro dele
gates would he welcome to the as
sembly's 1857 meeting in the Ala
!. bama city.
Six Negroes attended the five
day meeting at Montreal which
ended Monday.
PatroniZe Our Advertisers
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
Lake Providence
Eagles At Browns
Stadium SUNDAY

Sunday, June 10, at Browns
Stadium the Lake Providence
Eagles will play their third game
of the season with the Jackson
Cubs. Defeating the Cubs both
games the Jackson fans will wit
ness another exciting game.
Batteries for the Eagles, Pickens
and Baskin; for the Cubs, Cotton
fairfield and Burns.
Last Sunday, June 8, the Jack
son Cubs won over the Hazlehurst
Red Sox 5-3 with young Ray Hart
field going the distance pitching a
no hit game 6 2I3 innings, giving
up two runs in the seventh, strik-
ing out nine. walking three of the
Red Sox players.
First Baseman Cheeks, win his
timely single in the seventh in
ming, scored States and baltimore
with the tying runs and insurance
runs gave the Cubs their victory
5-3.
Season tickets given free each
Sunday with person holding the
lucky number. Cab service to the
park each Sunday. The public is
invited.
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
Louise Beavers
Ex-mate Freed OF
Lottery Counts

Los Angeles, Calf. June 4 -
Robert Clark, cx-mate of movie and
television actress, Louise Beavers,
last Friday was found not guilty
of participation in the operation of
a numbers lottery which police
claimed has enjoyed thriving bus
mess for the past three years.
Represented by Atty. Walter /.
Gordon Jr., Clark appeared in pre-:
liminary hearing before Municipal
Judge John F. Also IN Div. 10,
along with four other defendants,
to answer to q counts of lottery
violations. Judge Also granted
Gordon's motion for dismissal be-
cause of insufficient evidence.
The court, however, bound over
for trial John Henry James, Jor-
dan, Ware, Oscar Hare and Ernest
Thomas, following evidence intro
duced with motion pictures, show
ing various events when lottery
tickets and money were being
transferred between the defend
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09

wrestling is "a bad act" but sees
it is tie only way he can hope to
pay off some of the back taxes.
Sieminski's three page bill gave
a glowing account of Louis achieve
ments as noted that Louis gave the
entire proceeds of his last two
fights in 1912 to war relief agen-
cies, and stated that the was ."gen-
erous beyond any fighter on rec
ord"
"He has given American youth
more than just the show of a fight
ing champion, more than just
words that tell of his prodigious
feats in the ring" Sieminski said.
"Joe Louis gave to every young
American boy engaged in athletic
competition a manner of conduct,
conscientiousness of purpose, a
goodness of heart, and belief in
God. Whether he was called upon,
he was there to help"
-Patronizc Our Advertisers
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09

Our Advertisers
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
Sa1R1S z2l|3i
Patterson To
Meet Jackson
Friday Night

A sneak preview of the next
heavyweight champion of the world
in action may be seen Friday when
Floyd Patterson and Tommy (Hur-
ricane) Jackson slug it out in r.
round title elimination bout.
Brooklyn's Patterson, 21-year-
old wonder Boy" of boxing anu
hailed as the fastest puncher since
Joe Louis, will meet the 24-year-
old Far Rockaway, N. Y. puncher
the most unpredictable and unorthO-
dox heavyweight in years, in a
scheduled 12-rounder at Madison
Square Garden (NBC).
The winner will probably fight
in September for the crown vacat-
ed by Rocky Marciana.
The fifth-ranking Patterson has
not been tested thoroughly against
top flight heavyweights but has
impressed greatly. The six-foot,
1852 Olympic champion has won Is
straight fights with a running
string of IL straight knockouts.
He lost only one of his 80 fights
with 81 kayoes)-a debatable one
to ex-lightheavy king Joey Maxim.
Jackson, ranked number two be-
hind Archie Moore, has been in
with the best heavyweights. The
6-foot-2 windmill with the 80-inch
reach-he will have an edge of
eight inches in that department.
twice defeated ex-champ Ezzard
Charles, kayoed Dan Bucceroni,
Tex Layne and Charley Norkus.
He beat contender Bob Baker and
kayoed Johnny Williams this year
to bring his record to 27-4-1, with
Is knockouts.
Two ranking middleweights, Bob
by Boyd (No. ~ of Chicago and
Milo Savage (No. 81 of Salt Lake
City, Utah, collide in Wednesday
nights offering (ABC) from the
Chicago Stadium.
Another middleweight match
Monday night at the st. Nicholas
arena (Du Mont) pairs Tex Con
zales of East Orange, N. j., and
Hardy Smallwood of Brooklyn.
Patronize our Advertisers
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
Bill In 49,.
CONTINUED from Page One)

Continued from Page One)
four and one half million from
gate receipts.
Representative Sieminski called
on Congress to wipe out Louis in
come tax debt as an acknowledge
ment that Joe has done lot for
the United States"
Recently, the former terror OF
heavyweight circles has turned to
wrestling in an attempt to square
himself with the government
Roundly criticized by former fans
and sports writer's, Louis admitted
in recent national magazine that
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
Cement Plant Site
Based On Findings
Of Recent Survey

The decision of the Mississippi
Valley Portland Cement Company
to build its $3,750,OO0 plant 10
miles above Vicksburg on the va
zoo River was based on the recent
geological findings of Frederick F.
Mellen, prominent consulting geol-
ogist of Jackson, according to Rob-
ert w. Hyde Jr., of Jackson, COM
pany president.
Geologist Mellen's survey, after
a careful coring and chemical
analysis of the plants properties,
revealed the evidence of an esti-
mated 33,O33,O1O total cubic yard
age of cement rock including lime
stone and mari Suitable for ce-
ment manufacture" 670 of the
total ITO acres Of the plant site,
Mellen said, are underlain by lime
stone, or enough to last a century
or more.
Further, this same type of for
nation, consisting of limestone and
mari is, according to Mellen, being
used successfully for cement man
ufacture by plant in nearby Ran
kin County, Miss.
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
Till Case
Continued from Page One)

the opening day of Circuit Court.
perhaps l should explain the
duties of this court after an Incl
dent that happened some weeks
ago." Judge Jordan told the grand
jury. 81 received a printed letter
saying: IF you don't get those
murdereds your home will be burn
ed down and you and your family
will be killed. This brings up a
point that many people don't seem
to understand. A judge can't in
dict the men he's talking about or
anybody else"
The Judge said the letter did not
mention Milan and Bryant by
name, but said he assumes it re-
fers to them. He said the letter
was postmarked from near Green
wood.
Judge Jordan added he was not
inclined to take the letter seriously,
believing it to be the work of a
crank. He hasnot turned it over
to authorities.
Milan and Bryant were acquitted
by a Tallahatchie jury last Sep
tember on charge they murdered
Till, a 14-year-old Chicago negro.
This winter a Leflore county jury
failed to indict the two men on a
charge9they kidnapped Till.
TheG alleged kidnapping took
place in Judge Jordan's district al
though the murder trial was held
in another district because body
identified by relatives as Till's
was discovered in the Tallahatchie
River in Judge Curtis Swango's
district
Judge Jordan said no one has fol-
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
George W. Cox,
Top Insurance
Official Dies

George w. Cox, vice president
and agency director of the North
Carolina Mutual Life Insurance Co.,
Durham, N. c., died Thursday
night at his home in Durham, it
has been disclosed.
Mr.. Cox was among the pioneers
of North Carolina Mutual officials,
and also one of the opponents
among Negro businessmen in the
South He had lived and worked to
see his Company grow into one of
the biggest firms of it's kind in the
country.
Only recently, Mr.. Cox met and
greeted % field representatives of
the North Carolina Mutual Co.,
following a sales campaign. At the
meeting, Mr.. Cox presented merit
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
Chicago Bears
Sign Negro
Grid Star

CHICAGO, June Al. c. Caro-
line, who topped Red Oranges
yard gaining record at Illinois as q
1853 sophomore and played Pre-
football in Canada, was added to
the Chicago Bears roster recently
The spindly-legged Negro half
back from Columbia, S. c., COM
piled a total offense record OF l.
$40 yards for the Illini in 1853 to
become the first gridder at the
school to crack Oranges mark OF
1850 in 1923.
From the role as the national
ground gaining champion in 1858,
Caroline dropped into comparative
obscurity as a junior, operating
with a weak team and missing part
of the season with a shoulder in
jury.
However, he starred brilliantly
on, defense and was elected Illlni
CAPTAIN fer 1866. But in the spring
of that year, he withdrew from
school and later was declared scfTo-
lastically ineligible.
National Football League clubs
were not permitted to negotiate
with Caroline last fall because he
still was legitimate college sem
Tor. So he perfored in Canada,
playing with the Toronto Argo-
nauts and Montreal Alouettes.
Caroline was selected by the
Bears in the NFL player draft in
January. Before negotiating with
him, club President George Hales
received permission from Montreal
to sign him.
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09

ants.
Officers claimed transferrals
took place in the rear of a location
at 3407 Avalon boulevard, and 3O27
Normandie avenue. Other evidence
cited lottery tickets were sold for
from So to $40 each and winning
numbers were selected from race
horse mutuals.
Ware and Hare were represent
ed by Atty. Crispus A. Wright,
Atty. Thomas Higgins appeared for
James and Thomas. Police said the
defendants had been under surveil-
lance nearly month. Raid was
conducted last April IL, at which
time the officers took moving pic
lures of the arrests.
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09
Arkansas Town
Recommends \
Indignation Plan

Fort Smith, Ark. June a - A
plan by which racial Indignation in
schools here would begin in the
first grade - and spread upward
progressively - has been recon-
mended to the Fort Smith school
board by its legal advisers. ,
Attorneys Owen c. -Pearce and
Bruce Shaw suggested that when
Indignation starts, children be ad-
mitted to the first grade without
regard to race or color.
The following year, new pupils
in the first grade would be inte-
grated and the program begun the
year before would he continued in
the second grade.
The term beginning in September
1857, was suggested as a starting
time.
Fort Smith school board officials
lowed up the letter with any at
tempt to carry out the threat.
r.
Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-06-09

certificates to leading statesmen.
The campaign eliminated into the
fourth George W. Cox sales con-
vention.
Time and place of the funeral
services had not been announced at
the time of this writing.
Patronize Our Advertisers
The Sidney herald., 1956-04-12
PERSONALS

Drs. Art and Genevieve Das-
niger, Glendive chiropractors,
visited in Sidney Monday at the
home of his parents, Mr.. and Mrs.
Math Dasinger, and with his
brothers and sister and their fam
lilies. Mrs. Dasinger's mother,
Mrs. Cora Pfau of Terry, came
up Sunday and is spending a few
days at the DaSinger home while
looking after business matters.
Mr.. and Mrs. Rasmus Nelson
of Scobey visited in Sidney Sun
day at the home of Mr.. Nelson's
sister, Mrs. Walfred Wekander.
They were accompanied by his
sister, Mrs. Christine Davidson,
who had visiting at their home in
Scobey and is now a guest at
the Wekander home.
MIR. and Mrs. Walter c. Ander-
son and children, Karen and WAL
ter Jr., have moved from Terry
to Sidney, where Mr.. Anderson
has been transferred in his work
with the United States Soil Con-
~servation service. The Andersons
are living in a home in the King
bay addition.
Mr.. and Mrs. j. S. Spencer and
George Curtis of the Brockton
community were business callers
in Sidney Friday.
The Sidney herald., 1956-04-12

Thomas at his home in Flori-
da.
Mrs. Karen Hanson returned
last week from a four months
trip on which she visited at the
homes of eight children and
among old friends. She visited
her son Arnold and family at
Redding, California; her daugh-
ter, Mrs. Lille Vaira and family
at San Jose; and her s~on-in-law
and daughter, Mr.. and Mrs. Bob
lander and son in Palo Alto. In
Eugene, Oregon, she visited at
the home of her son-inlaw and
daughter, Mr.. and Mrs. Jake
Cook and family and while there
she was also entertained at the
Henry Hendricksen and Carl
GLAND homes. In Washington she
was with her daughters, Mr.. and
Mrs. Oran Rongholdt and family
at Bothell, and Mr.. and Mrs.
Harold Underdahl and two
daughters at Opportunity. On her
return to Montana she visited her
son and daughter-dn-law, MI. and
Mrs. Oscar Hansen in Helena,
and her daughter and her hus-
band, Mr.. and Mrs. Jack Sticka
ad family in Billings. Mrs. Hansen
said she had a lovely time but
is glad to be back home. She said
there were no storms or floods
at any of the places she visited
but that she saw more rain in
the four months she was away
than she had seen in her 43
years in Montana.
Mr. and Mrs. w. A. Baue of
Sioux Pass visited in Sidney
Tuesday and looked after bust
ness matters. Mrs. Baue is MAX
ing splendid recovery from major
surgery which she recently un-
derwent at the Deaconess hos
pital in Billings. Mrs. Doyle of
Forsyth was with her mother in
Billings and took her to her home
for a week of convalesence before
she returned to Sioux Pass. Mr.
Baue's sister, Mrs. Charles Rabe
of Sidney, stayed at the Baue
farm home while Mrs. Baue was
away.
Mrs. Morel Burgess of Lambert
has been convalescing at the home
OF her son-in-law and daughter,
Mr.. and Mrs Ralph Weagle the
past week, following major sur
gerry which she underwent at the
Community Memorial Hospital.
Ralph Beier, accompanied by
Johnny Kiplinger, drove to Har-
din last week on business.
The Sidney herald., 1956-04-12
Richland County
Weed Control
District Proposed

AS weeds are becoming more
and more costly each year to Rich
land County farmers, the County
Weed Committee feels that it is
necessary for a legal weed con-
troll district to be organized now
if the county's agriculture is going
to continue to prosper. Arthur
Anderson, chairman of the COM
mittee, urges farmers and ranch
ers in the county to acquaint them
selves with the workings of a
weed district if they have the
opportunity of visiting one of the
81 counties in the state where a
legal weed control district is now
The Sidney herald., 1956-04-12
Music Students
To Participate
In Music Festival

Sidney high school instrumental
and vocal departments including
solo and ensemble groups will par
ticipate in the annual music fes-
tival for eastern Montana in Glen
dive, Friday and Saturday, April
20 and 81.
Friday, April 10, a senior trio
and triple trio, brass quartet, flute
quartet, saxophone sextet and in
strumental and vocal soloists will
leave for this special soloist and
ensemble competition. Those who
will participate Friday include:
Jean Erickson, Virginia Ramus,
Dorothy Dashner, Vera Knels,
Margaret Gartner, Joan Gilster,
Celia Hardy, Audrey Hestikind,
Shirley Sorenson, Carol Frandsen,
Tom Quilting, Pat Piche, Sharon
Anderson, Clifford Tyre, Jane Pc
terson, Ronny Quilting, Norma
Foss, Judy Anderson, Jack Martin
and Airline Folkvord.
Saturday, April IA, the high
school symphonic band, A cap
pella choir and senior chorus will
perform. Instrumentalists are IN
der the direction of Mr.. Orlan
Strom while vocalists are under
the direction of Miss Airline Tie
gan.
Adjudicators for the festival this
year will be the well-known vo-
cal and instrumental directors
from Montana State University
and Concordia College, Lloyd Oak
land and Lee Christensen.