davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1957-07-05


Babson Park, Mass, July Since
my return from the South, l have
Oeen making a study of Turnpike
Bonds and other non-taxable in
9estments. Casual readers of this
column may not realize that nom
taxable bonds are around their
lowest prices for a long number of
years. AS an illustration. State of
Massachusetts highly rated bonds
carrying the full faith and credit of
the State taxes, which sold at par
in 1856 can now be bought around
SIS. This is the lowest price in their
history.
Reasons For The Decline
This decline is due to the con-
Stantly increasing interest rates of
the past several years. There is
no other logical reason. While the
stock market has been climbing
since 1949 (when the Dow-Jones
Industrial Average WIS around 165,
in contrast to today's level of
around 500O, bonds have been de-
clining. Yet the bond market is just
as susceptible to the Law of Action
and Reaction as the stock market.
When stocks are clearly in a bear
movement and money rates decline,
bonds will again go up in price.
Therefore, non-taxable bonds may
be in the position today that the
blue chips were eight years ago
when they were selling a a third
of their present prices.
Certain hanks and other institu-
tions which are large bond buyers
state that there are reasons other
han increased interest rates why
municipal bonds are selling so low.
Due to possibility of World War III,
Milford chronicle., 1957-07-05

some of the savings institutions
have been selling the bonds of
large cities, especially industrial
cities which could be targets for
bombing. At the same time, these
institutions have found it very diff
cuIt to sell the unlisted bonds of
small cities and towns, even though
they are perfectly safe and yield a
round 4 per cent incOme-taX-free.
What About Turnpike Bonds!
1 believe Turnpike Bonds should
be logical exception to the above
situation. They have both security
and marketability. The conservative
financial institutions say they do
not like them because they are
revenue bonds, dependent upon the
earnings of the turnpike. Yet every
corporation bond is a revenue bond
depending upon earnings. The non
taxable feature of turnpike bonds,
however, far exceeds the slight
risk of declining earnings. OF all
the turnpike bonds only one issue,
secured by the West Virginia Turn
pike which starts nowhere and
ends nowhere, has failed to make
good. l admit that with rationing
of gasoline in the event of World
War III, turnpikes would tempOr-
arily be in trouble; but so would
almost everything else. No bomb
ing. however, could materially dam
age a modern turnpike.
Recently, the Boston & Maine
Railroad Cancelled ali its commuter
business because of a strike by the
maintenance men. 1t would take a
strike of several months duration
by Turnpike maintenance men be
fore their services would be missed.
Milford chronicle., 1957-07-05
BABSON DISCUSSES TURNPIKE BONDS

Practically the only necessary en-
ployees of Turnpike Authority
are those who collect the tolls.
And | cannot imagine these men
striking. Turnpikes are therefore
less liable than most investments
20 suffer from labor troubles.
The Automobile Industry
One of todays fastest growing
industries is the Automobile In
dustry, and our turnnikes must
prosper along with it. No: only are
new cars put out by the millions
each year, but boys in a very old
Ford must pay the same toll as
those riding in new Cadillacs!
Everyone wants to save time, and
also it is very much safer driving
on six-lane modern turnpike.
These turnpikes car never be
built for less than their present
cost. Therefore, the Government in
it's new Road-Building Program,
should be glad to take over any of
these turnpikes and then pay the
bondholders in full. / am also told
that the present thought in Wash
ington is to spend funds on widen
ing and Strengthening present t@o-
lane highways to make Lnem four
lane and six-lane roads, rather
than putting all the money into
new turnpikes. Eighty per cent of
the accidents today occur on the
ordinary two-lane highways. Fur
thermore, most of these accidents
occur on unnecessary hills and
curves. The most inconsistent in
vestOrs today are those who are
buying taxable General Motors
stock and refusing TO buy nom
taxable Turnpike Bonds!
Milford chronicle., 1957-07-05
ssMAIN STREET-l9e9''

14<AA4N 81 AtA1 AVVO
The theme of the. 1857 National
Citizens Planning Conference, held
in Little Rock, Ark, in recent days,
was Main Street-1969" The year
1869 referred to the scheduled COM
pletion of the 41,0OO mile inter
state highway system. The pur-
pose of the conference was to
enunciate and broadcast to all Am
erica a. clear concept, of the forces
that are already at work creating
the Main Streets of the future.
Perhaps the most dramatic ex-
PLANTATION of what is happening is
that of Elmer F. Twyman, vice
president of Yale & Towne, who
told the conference that America
is being "rediscovered".
"In the adventure of rediscovery,
he said, 1--WE are finding that there
is land in all parts of our great
country where industry can be es-
tablished ard where it can flourish; /;
we are finding that everywhere
there are men and women with
skill and aptitude for even the most
complex industrial tasks. Our sys-
tenn of communication and trans
portation have narrowed the ex-
panses of time and space. Nothing
is distant any more and all Amer
leans are ,neighbors."
Mr.. .Twyman noted that "the con-
tinuing dispersal of industry, away
from large, concentrated centers'
strengthens our defense and Sc
curity in this atomic age, but even
more important is its influence on
economic growth. This decentral-
ization, he said, "is equaliZing
prosperity for ALL
The dispersal program of his
own company has resulted thus
far in three new plants in small
towns in Virginia and Tennessee,
with others under construction in
Arkansas, California and North
Carolina, so he should know where
of he speaks. 1--WE found the
strength of people," he said. g.
smaH-toWn Americans are gener-
Gus, hospitable and neighborly :.
SOOu -pOOpA0 70 DS dA1Ou5 anu SOOu
people to work with -. We found
stability among people in small
townsville stability that comes
ffrem nearness to the earth !.
They are. pun poseful and direct and
proud o!s their capacities.
But what are the other advan-
tagas thas industrialists look for
in seeking new plant sits? Mr..
Twyman lists them as: good trans
portaticn, good communications
nearness to raw materials and ser
vices, and a strong welcome and
spirit of cooperation from officials
and civic leaders. :"
Our people measure up. But how
10 we stand on other factors? May
Milford chronicle., 1957-07-05
SAMARITAN'S REWARD

MILWAUKEE = up = Ezra
Evans, truck driver, was passing
a repair shop when he saw flames
curling around the corner of the
building.
He stopped, grabbed p fire ex-
tinguisher, sprayed tie building
and had the blaze under control by
the time the fire department ar
rived.
When Evans returned to his
truck, he found a policeman had
given him ticket for double Vark-
ing.
Milford chronicle., 1957-07-05
NEW BONNET

CAPE HENRY, Va. -(P)- The
old Cape Henry lighthouse, whose
fish oil lamps guided ships into
Chesapeake Bay for 80 years un-
til 1881, is getting a new dome.
The old light, near the point
where Virginia's S jamestown colo
nists first landed in 1907, was built
in 1791-72. George Washington ap-
pointed the first lighthouse keeper.
The lighthouse was neglected
from 1881 to 1880 when Congress
decided the structure to the Assn.
Tor the Preservation of Virginia
Antiquities.
Milford chronicle., 1957-07-05
CABINET CHANGES

The recent appointment Of Robert b. An
derson to succeed Secretary of the Treasury
George M. Humphrey may be the first of a
number of Cabinet changes to be announced
in the near future.
There is a possibility Secretary of De
fense Charles E. Wilson will not remain in
the Eisenhower Cabinet very much longer.
This is not because Wilson does not have the
support of the President, or because he has
not done good job Although frank, often
to the point of bluntness, it is generally
agreed that Wilson is man of conviction,
who has conducted his Office in an efficient
manner
There are also reports that Secretary of
Commerce Sinclair Weeks will step down
from his post. If SO, this will mean that two
Cabinet vacancies will occur in the near fu-
ture-in addition to any later ones which
might develop Unexpectedly, perhaps at the
State Department or at the Department of
Agriculture.
General Alfred NJ. Gruenther, who was
for many years President Eisenhower's Chief
of Staff and who was more recently NATOl
commander, is mentioned as possible sue
cessor to Secretary of Defense Wilson. There
are also reports that prominent business
man, Theodore Houser, of Sears -Roebuck
and Company, might be appointed to sue
ceed Secretary Weeks.
The Eisenhower team, then, seems to be
breaking up after five years. 1t is not be-
cause of dissensiOn or disunity but because
the business men chosen by Eisenhower four
or five years ago are, in many instances,
eager to get back to private business.
Milford chronicle., 1957-07-05
IN THE AIR FORCE"
BY Elalns townsend Olcksrson

TO press on Wednesday at D. m.
It is quite possible that this
weeks column and next weeks
will appear in this space in the
July 18th issue of the Milford
Chronicle.
Milford chronicle., 1957-07-05

To the many interested readers
of in The Air Force. This weeks
column apparently delayed in The
mails between Kansas City and
Delaware, was not received in time
for publication in this weeks edi-
ton of the Chronicle, which went
Milford chronicle., 1957-07-05
SEVEN OUT OF TEN

Occasionally an institution or an enter
prise grows so swiftly that statistics con-
cerning it become out-of-dSte in short time.
That has long been the case with volun-
tary health insurance-and it still is. A set
of figures that covers the situation today is
obsolete tomorrow
A recent estimate, by the Health Insur-
ance Council, says that seven Americans out
of 10 carry the insurance, and will be paid
So billions in claims this year. Here is the
breakdown: 118 million people have hospital
expense coverage; 103 million surgical ex-
pense, and 81 million have what is known as
regular" medical expense There is also a
very new form of insurance which protects
against high cost, long duration Illnesses of
a catastrophe nature. And 10 million people
now have this
Health insuranceS progress has not been
limited to tremendous increases in the num-
Der of people covered. The benefits provided
have also been steadily and materially in
creased. The policyholder has been given
more and more for his dollar. One reason
for that is that the business is highly COM
petitive, with many insurance companies
plus Blue Cross, Blue Shield and similar or
CARNATIONS all writing coverage.
The outstanding success of voluntary
health insurance, in all its branches, proves
that there is no need in this country for COM
pulsOry government insurance-or a state
dominated medical system.
<&&0@&
CIGARETTE SMOKING AND CANCER
The latest shocker to greet cigarette
smokers is news from New York that a
massive human study, just concluded by the
American Cancer Society, showed that Gig
arctic smoking speeds UP death by as much
as seven to eight years before ones time.
The study, which has been carried on in
recent years, shows that cigarette smokers
die from lung cancer ten times as frequently
as non-smOkerS and that smokers have a
seventy per cent greater chance of devel-
oping coronary heart disease than do non
smokers.
IN one of the frankest and bluntest con-
deEnations of heavy smoking, Drs. Daniel
Horne and E. Cutler Hammond, who direct
ed the study, say the evidence "proves" that
smoking is a cause of lung cancer. Of
course, lung cancer can be caused by other
things, also.
The study from which these statistics and
indications are drawn was a four-year in
vestigation of $4,000 men from the ages of
fifty to seventy. In the four-year period,
some IL $40 men of the $4,000 died. Of
those who died. 1916 were regular ciga-
rette smokers and 1,644 were non-smokers.
This is yet another positive denunciation
by medical experts of heavy smoking. Al
though one may not agree with the findings
of this study it is most difficult to complete
ly ignore the blunt, frank opinions of medi-
cal experts based on such a complete medical
investigation.
Milford chronicle., 1957-07-05
Washington Letter : By Robert Nelson TaYlor

be we ought to check up-and be-
fore 1863!
Milford chronicle., 1957-07-05
CONTROLS THREAT

There was an ominous sound in what
President Eisenhower had to say about in
fiation at his press conference on February
6. He has mentioned the subject number
of times lately, beginning with his State
of the Union message, but this was the first
time that he had broached the possibility
of wage and price controls.
Although the necessity for such controls
in time of war has been accepted by the pub
lie, they would be most unpopular as peace
time measure. The President is well aware
of this. The fact that he has raised the poss-
ibility of wage and price controls in the face
of this popular feeling underscores the SER
iousness of the inf1ationary threat.
Some observers may think that federal
controls are merely a bugaboo which the
President has conjured up to give the people
a healthful scare. Cynics might remark that
the President was perfectly safe in trotting
out this bugaboO, since Congress would not
set up the controls anyway. But there is
more to it than that. Mr.. Eisenhower seems
genuinely concerned about the infationary
spiral.
The request that both labor and business
slacken off in efforts to get more money is
only part of the picture. Consumers can
help, too, by exercising some restraint 1t is
important that this be done. For, as the
President said, "when we begin to control
prices, ALLEGATIONS and wages, and all the
rest, then it is not the America we know"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08
Dinners
On Service
Calendar

Secretary of the Navy and
Mrs. Thomas Gates, jr.. were
the honor guests last night
at a small dinner given by
Vice Admiral Herbert G.
Hopwood, Deputy Chief of
Naval Operations for Lo-
gistics, and Mrs. Hopwood. at
their quarters in Potomac
Annex.
Admiral Hopwood will
leave Washington the latter
part of December for Pearl
Harbor to take up the post
of deputy commander in
chief of the United States
Pacific Fleet, with the rank
of full admiral.
Another dinner on the
service scene last night was
given by Col. Julio Morales.
Military and Air Attache of
the Nicaraguan Embassy, for
Brig. Gen. Anastasio Somoza.
director of Nicaragua's Ma
tional Guard.
Held at the Army and
Navy Club. it was the final
party given for the visitor
before his departure for a
tour of United States mill
tary and air installations.
Nicaraguan Ambassador
Sevilla-Sacasa headed the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08
DECORATING
SURPRISES
FOR TONIGHT

A novel layout" for to-
nights International Ball
at the Sheraton-Park Hotel
has been promised by Val
erian Rybar, we'll known
New York decorator, who
was commissioned to create
the decor.
Mr.. Rybar, who arrived
yesterday to supervise pre-
parationS for the setting,
wouldn't disclose details of
an architectural device"
which will serve as the
bandstand.
Being given for the bene-
fit of the Children's Con-
valescent Hospital, the ball
will be a Salute to Italy"
as we'll as a celebration of
the International Race at
Laurel. The PABLO in Siena
is the theme.
Giant figures of heralds
and banner bearers on tall
pedestals will encircle the
room. Baskets filled with
regional fruits and ar
ranged in the medieval
manner will be placed on
the tables. covered with
Sienese red cloths and sur
rounded by Pickering lights.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08
WHILE IAJKA SERVES scrENcr Post COnceTl
CAPITALIST DOGS LIVE IT UP Reception

Zinc Francescotti and Eu-
gene Ormandy viii be honor
guests at q reception Tues
day evening. November IL, Of
French Ambassador Herve
Alphand. The Ambassadors
invitations were IN the mail
last week for the party which
will follow the FIRST Philadel-
phia Orchestra concert this
season.
The program will be given
in Constitution Hall and Mrs.
Ormandy and Mrs. France
SCOTT are expected to share
honors with their husbands
at the party in the French
embassy after the program.
The Ambassador will be Q
guest Of Mr.. and Mrs. Or
mandy in their box at the
concert.
The November IL program
will be repeated the following
evening, the two concerts
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08
Annual Cotillion
For Debs Slated

Thirty seven debutantes
will bow at the annual Debu-
tante Cotillion and Thanks
giving Ball which will be held
November % in the Shera-
ton-Park Hotel.
Miss Mary Stuart Price,
ball chairman, has an
nounced of the 81, "a are
from Washington and Is
from other cities along the
Eastern seaboard.
The Debutante Cotillion
and Thanksgiving Ball is now
in its eighth season. 1t has a
national board composed of
Mrs. Edward j. Macmillan,
Miss Kathryn A. Buchan and
Miss Mary r. Hynson of
Wilmington. Mrs. Thomas
Edgar of New York and Mrs.
Alexander Gordon and Mrs.
Philander P. Briscoe of Bal
timore.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08

bassador and Nine. Nykopp
of Finland. the Ambassador
of Pakistan and Begun Ali.
the Bolivian Ambassador and
Sonora de Andrade, South
Africa's Ambassador du Pies
sis. Ghana's Charge Seth An
thony. Indian Charge Dayal,
Ecuador's Ambassador Chiri-
boga, Counselor Rolf Pauls of
Germany. and of course 100
per cent representation from
the satellite countries.
Still more were Uruguay's
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08

Ambassador Lacarte, New
Zealand's Counselor White,
Morocco's Driss Sebti, Count
and Countess Douglas Of
Sweden, the Yugoslav Min
lister and Nine. Primozic.
With the Drew Pearsons
was Mrs. Peter Frelinghuy-
sen. wife of the Representa-
tive from New Jersey. and
others we're Mr.. Eric Sew
aired, Mr.. Scott Kirkpat-
rick, Mr.. Henri Roskan and
Paul Wooton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08

group of guests from the
Embassy and others in
cluded Gen. Lemuel c. Shop
herd, jr., chairman of the
Inter-American Defense
Board; 1t. Gen. William S.
Lawton, Comptroller of the
Army: Mai. Gen. Leonard
D. Heaton, Maj. Gen. Robert
A. Schow. Maj. Gen. Thomas
c. Darcy and Col. Carlos
Silva, who accompanied Gen.
Somoza to this country.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08
Continued From Page B-l

Continued From Page B-1
and the Baroque interior
cleaned with gilt.
The decor is a sumptuous
y red and gold throughout the
reception rooms and in the
main hall is a new gold, red
and black rug. And newest
touch of all are three cases
of Russian porcelains on dis
play-all made in modern
Russia. according to an en-
bassy spokesman.
y
A RE M E N ID O U S
SPREAD. quickly demolished
by the crowd of more than
1000. was laid out in the
dining room.
All the food was prepared
in the embassy, but the ca
tering was done by Avignone
Freres.
Early birds got a crack at
the real Beluga caviar. This
didn't last long. but there vas
also red caviar, salmon, GEL
attn salad with cucumbers,
cold sliced roast beef. turkey,
ham and Vienna sausages.
Centering the table was a
huge cake with white and
pink icing and written on it
was 1.-THE Anniversary of the
Great October Socialist Rev.
olution. 1917-1957."
The bars were as lavishly
stocked as the Bullets and
offered in addition to Russian
vodka and the best scotch
and bourbon, red and white
French wines and rare Ma
poleon brandy.
y X \
THE USUAL STRANGE
unidentifiable types were
there. but a lot more spruced
up than in previous days.
Gone were the tennis shoes
and other unusual adornment
which one occasionally saw
at former parties.
The Russian ladies them
selves were very well dressed.
One reporter asked Nine.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08
Soviet Fete Shows
Sputnik influence

Mamedov, wife Of the pub
Usher Of the magazine USSR.
If Russian women weren't be-
coming more chic.
They always do when chic
becomes available" was her
reply.
Negro singer Paul Ro-
bosom. a hardy perennial
at Communist parties. was
greeted ecstatically by the
usually shy and quiet women
of the Russian Embassy
bit like high school girls
shrieking over Elvis Presley,
mo SPEAK ENGLISH"
was the reply the Russian
Air Attache, Col. Philip Ba-
chinsky, gave a reporter in
answer to queries about Sput-
mix, the Soviet air program,
etc. But a few moments later
the colonel was seen convers-
ing fluently with an Ameri-
can Air Force lieutenant.
One of the most interesting
guests was Mr.. Elliott B.
Macrae, president of E. P.
Dutton and Co.. Inc. book
publishers. who just brought
out the famous Russian book,
mot BY Bread Alone" which
now is being condemned in
the Soviet Union.
Mr.. Macrae told about his
trip to Russia more than a
year ago in search of possible
books to publish. but he said
it was most difficult to. find
anything.
However. he carried with
him a book about Konstantin
Tsiolkovsky. a Russian who
in 1888 wrote about space
travel, which he may publish
here.
ELSEWHERE ON THE
CULTURAL FRONT, we
learned that Ambassador
zaroubin has returned to
Washington from the United
Nations, not just for the
party last night, but also for
talks on cultural exchange
now going on in the State
Department.
And according to Counselor
sStriganov, plans call for con-
cert appearances in 1858 in
this country Of Gillels, the
Russian pianist. and Hogan,
their most famous violini&.
Definitely, in 1859 the Boil
shot Theater Ballet will come
here. 1t cannot be arranged
sooner. apparently, because of
their appearance next sum-
mer at the Brussels Worlds
Fair.
WASHINGTON SOOTH-
SAVER, Jeane Dixon, was
among the guests and her
prediction is that Russia does
not want war with the United
States and the two countries
will be good friends. How
ever she believes trouble will
come in the Far East and
Molotov (now in disrepute)
will have an important role
in the future. In the political
crystal ball she sees Khru-
shchev as a man of peace.
Many guests were from the
Washington press corps
some invited, but many gate
crashers.
Other diplomatic repre-
Sentatives included Ambas-
Sador Gruber of Austria,
Ambassador Win of Burma,
Ambassador and Nine. Noto-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08
North American Newspaper Allianc

LONDON Nov. 8.-Laika, the Soviet huske now
crcling the earth in the interests of science well be
the nobest dog in the world but the free world
still the best dressed
After 30 years Of communism, the life of Soviet dogs
remains drab Compare this to the stylish creatures that
rot in and out of London shop that caters to canine
haute couture.
This shop in the business Of tnng dogs all coors
of the ranbow-pnk blue beige. apricot They'll tint
white poodle to match your hair your dress your
your widest fancy.
The shop believes that clothes make the dog.
1t has Pup Parade just like Paris show. Client
dogs responded to engraved invitations and brought their
masters along.
Dog models paraded the specially designed collection
The show even finished with bridal outfit. THE
bride"-a white poode-wore white satin embroidered
with sequins with coronet of rosebuds and collar of
rhinestones.
The groom a black poodle in a bow tie and for
bridesmaids two poodes tinted pale pink and blue wear
ing lowered collars"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-08

being another pair in the
series Of orchestral concerts
In which the National Sym
phony Orchestra predomi-
mates.
Milford chronicle., 1957-04-19

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