davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22

amounted to $6,108,197, and this
amount was charged TO earned
surplus account. the report said.
AT the time the company'S
franchise and corporate charter
were revoked in August, 1855. and
throughout the ensuing II
governmental and reg
ulatory authorities of the District
of Columbia expressed the inten-
ton that after the com p a n Y
ceased to operate, transportation
in Washington would be provided
exclusively by Buses" it con-
tinued.
las a consequence the COM
pany was faced with premature
loss Of useful life in it's invest
ment in track and roadway facili-
ties and it proceeded at once to
provision for extraordinary
depreciation so as to effect retire
ment of that portion of the in
vestment that would not be re-
covered through normal depre-
citation charges. A total of "a, $780,
844 was SO provided by charge to
expense" The loss of more than
Sc million was over and above
this, it added.
The consideration of $16,873,-
1873 for Marion g. Osgood was
$3,098.803 less than amounts
listed in the asset accounts of
the two companies and this pur-
chase discount was considered
to apply to inventories, plant and
equipment, the report said.
The discount was allocated
as follows: Inventories, 81 $780,
1928; plant and equipment, ST.
1884 In the operating period
covered by the report around
$4,000 Of the purchase account
allocated to inventories was
as income by Universal.
Operating profits for the
period from November 8 to De-
cember 81 were S867.110. includ-
ing s390.453 of homecoming in
come.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22

subcommittee as spokesman for
the National Savings and Loan
League, of which he is vice presi-
dent and legislative committee
chairman.
Mr.. Morrison said the severe
drop in home building has mainly
Administration programs, which
centered in the Veterans Admin
iStration and Federal Housing
have mortgage interest rates of
AZ per cent.
"All competent surveys we have
seen indicate there still is a
strong demand for homes, yet
home building volume is declin-
ing" he declared.
I'VE can only conclude that
the main reason for this drop
off is that investors are unwill-
ing to place their funds in the
acknowledgement programs
because of the present interest
rate"
Mr.. Morrison said Government
authorities should be given pow
er to adjust the interest rate on
both FILA and VA mortgage
loans within a proper range of
the going market rate for in
veStment money"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
WoOdward's, Hecht'S Win
lNRDGA Promotion Awards

Woodward g. Lothrop and
the Hecht Co. won several gold
awards in the annual sales pro-
motion contest held by the
National Retail Dry Goods Asso-
citation. it was announced yes
terday.
Woodward e. Lothrop won the
sole award for Best Institutional
Advertising. was second in Col
Ilege Promotions, second in Bride
Promotions. third in Back to
School Promotion and fourth in
New Store Opening Campaign
Hecht's was first in both
Media Tie-In and Public Rela-
ltions Campaign: also third in
Best Anniversary Sales Promo
ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
FOREIGN EXCHANGE

NEW YORK, Mar. 90 R.--ForeiRn
exchange rates follow, Great Britain in
collars, others In cents unchanged UNI
'lesl otherwise noted
Canadian dollar in New York open
u, -, cents of q OF cent
j. EUROPE Great Britain (poundl
S27On. up / l32 Of cent: 30-day fu-
lures 2.7SIs up 3I32: Holiday futures
: $50 up i; Belgium francl l.0Sla
W .OOi4: France tfranol .2Ssa; Ger
many WESTERN tdeutsche mark 1880:
Illral 1874 Portugal Cescudoi 3b0;
sweden tkrOnal 1894. Switzerland
frame dree) 23 "a. Denmark tkronel
Latin America; Argentina ffreeD 2 80;
brazil rreel 81. Mexico SOL. Ven
tzuela tboliyaD 5000
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
Industrial Photographers
To Meet Here Monday

Industrial photographers rep
resenting many leading concerns
will meet at the Sheraton Park
Hotel here Monday for the Ma
ltional Industrial Photographic
Conference.
The five-day meeting is part
OF the annual convention of the
Photographers Association of
America, being held this year in
connection with the Interna-
tional Photographic Exposition
at the National Guard Armory.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
Washington Gas Light Co.
Reports Sales Increase

Sales of Washington Gas Light
Co. in February totaled $685.
253 therms. a gain of IL per cent
from 52,335. 400 therms in Feb
ruary last year. the company re-
ported yesterday.
Sales in two months this year
aggregated ll5.048,219 therms,
an increase Of 1929 per cent from
Il1l,384,426 a year earlier. The
company had 362.346 active
meters on February % VS.. $780,
502 a year earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
By ELMER ROESsNER

| America is facing a dragon OF
wage imitation, George c. Smith,
F. w. Dodge Corp. economist,
recently told an American Bank
ers Association conference.
It takes a lot of courage to
tell bankers about imitation. Mr..
Smith said: Few people have
ever bothered to look up the
word imitation in the dictionary.
If you consult the big Webster,
you may be in for a bit of sur
prise. because 1t says imitation
is "a relatively sharp and sudden
Increase in the supply of money
or credit. or both, relative to
the volume of business trans
acted It goes on to say that
imitation is followed by a rise
IN prices. Note that imitation
itself is not a rise in prices
it's a rise in the money supply
that is followed by a rise in
prices"
Bars Creeping
The definition quoted seems to
make monkeys out of all the
Itop-drawer economists and cabi-
net members who have been
talking about gradual" and
creeping" imitation. How can
anything creep suddenly? But
back to Mr.. Smith:
limitations Of this sort have
come in the past from sudden
discoveries Of gold and silver las
in the Spanish exploitation Of
Central and South America in
the 1500sl; from printing press
money las in Germany after
World War Il. and from sharp
increases in the Government
debt 'as in the United States in
the past two decades"
Therefore. he said, control of
imitation must center on control
lof money and credit
/ But in the current policy. he
said, I'VE are attacking the
dragon of monetary imitation
with lances of tight money.
1.-THE trouble is that we're at
lacking the wrong dragon" he
went on. Monetary imitation is
on in another part of the forest,
minding its own business. We
aren't monetizing great new sup
plies of precious metals; we
aren't running of printing press
money: the Federal debt is ac-
tually smaller than it was a year
ago.
New Kind Of Initiation
What we have is a new kind
of dragon-perhaps not really
new but which has grown to
adult dragonhood so recently we
aren't suite aware of it.
lmonetizing
This new dragon is wage in
ffation. BY this l mean the
process by which wages are
pushed upward faster than
productivity rises. l mean the
type of thing that has happened
in the basic iron and steel in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22

oueAllcSS ldSL august ana went
into the road equipment bust
ness by purchase of Marion
Power Shovel Co. and the OS-
good Co. for "$16,873.733 plus the
assumption of certain liabilities
of Marion and Osgood."
Mr.. Mullaney said the backlog
totaled $19,919.94O at the years
start. Before its acquisition by
Universal, Marion introduced a
new multi-purpose addition to
its earth moving equipment
which can be used as a power
shovel, crane, dragline, backhoe
OF clamshell excavator and ini-
tial high production costs of the
new product held down 1856
profits, he said. The company
expects to benefit from the Fed
eral highway building program
and estimates that around Is to
20 per cent of the vast OUTLAWS
will be spent for road equipment.
Current assets totaled $24.582,-
142 on December 81, while cur
rent liabilities amounted to
e7,S80,754. Included in current
assets were $3,3O8,2 cash and
$500, $50 of notes and accounts
receivable. Plant equipment and
land were listed at $3.341 .904
after depreciation.
Included in current liabilities
were 100000 Of bank notes. 81
million of other notes. ana $780,
900 of purchase obligation install
ments payable during 1857. In
an accompanying note, the report
said purchase obligations aggre-
eating $6.5 million were incurred
in connection with acquisition Of
Marion and OSgood. They ma
ture in semiannual instruments
of 1925, 900 commencing in May,
1857, with final payment of
S3.575,00 due on or before Octo-
Der 81, 1861.
S2.3 Million to Be Paid
For 100000 MICS Shares
Another note to the report dis
closed that Universal on January
/ entered into agreement to pur-
chase from A. I. Savin 100000
shares of common stock of Mer-
ritt-Chapman 81 Scott Corp, at
$23 q share for a total considera-
ton Of $2.3 million.
Mr.. Savin is vice president and
q director of tt-Chapman
81 Scott. Louis E. Wolfson, for
merly board chairman of Capital
Transit Co., also is chief execu-
tive of Merritt Chapman. Pre-
sumably he is a major stock
holder of Universal Corp. In its
annual stock summary for 1856,
the Associated Press listed the
final price for MICS stock at 203s
The agreement provides that
payment for the shares shall be
made 100000 upon execution Of
the contract. $360.000 on Febru-
airy /, 1857. and the remainder.
1.840, 900. on or before Deem
Der /, 1857. with interest at 5
per cent per annum on the I'M
paid balance" the noted stated.
The initial deposit of 100000
was prepaid on December o..
1856. and the S360,000 INSTALL
ment was paid when due on Feb
ruary /. whereupon the shares
were endorsed by Mr.. Savin and
placed in custody of an escrow
agent, where they will remain
until Universal makes final pay
ment."
Loss on Transit Sales
Listed at $6.108,197
Loss on the sale Of the COM
pany's transit assets in 1856
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
METAL QUOTATIONS.

NEW YORK, Mar, ~ H1.--Spot non
cents . pound. Connecticut Valley. Lead
~ cents a pound, New York Zine 1877
cents pound East 81 Louis Tin
silver "a cents Der troy ounce New
rorh; Scrap steel NO. / heavy 1900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
DIVIDENDS

reported increased sales of bed
ding and dinette sets.
Total retail trade across the
Nation ranged from 3 per cent
lower to per cent higher than
a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
'' RI BUSINESS
Universal Report Shows
Backlog of $40 Million
BY DONALD b. HADLEY

Universal Corp formerly Capital started opera
lions this year with order backlog of nearly million
with ratio of better than 3to1 between
current liabilities
This was announced today by President Muaney
the t annual report since the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
Flexible Mortgage Rate
Advocated by Morrison

serious decline in home building makes it imperative" that
Congress consider flexible interest
anteed home loans declared Franklin Morrison
vice president of First Federal Association
today at a Capitol Hill hearing
The Washington leader appeared before Housing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
Loss on Transit Sales
MUTUAL FUNDS

NEW YORK. Mar ~ l9.--National
Association OF Securities Dealers, Inc.
tNOOn Quotationsl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22

SUMMARY OF OPERATIONS
Premiums and annuity
considerations. 42.171.931.77
Elementary contracts s.1O7.7s9. IS
Net investment income
and capital gains 1892 1854 ~
Other income 64l.lS06 80
Total 8 6l .S43.1 1921
tuTed endowments 1922 1873 IA
OtheT payments TO poll
icyholders i4.49T.T139l
Other payments and de-
auctions from income 3S,sl4.s $50 %
Total 8 6O.234 .5e3 30
Net gain from opera
tons before divi-
holders 7.s3s. ses .o4
Dividends TO policy
holders 8 $50 s36 So
Net gain from opera
tons after div!-
holders 1909 1ec %
Amount OF ordinary bust
ness written during the
Amount Of ordinary bust -'O'
District OF Columbia
curing ne e year 4 fsrEMSERsM22SHEiAS'o M 90
Vice President and Actuary.
j. = ALLEN. Vice President and Secretary
subscribed and sworn to before me
sss tn day q MA tsSassfJy IH GSa
Notary Public state Of New York, No.
OIL 7a2700. Qualified in Bronx Couty
Cert. FILED in New York County. Com
mission Expires March 80. 1857.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
STATEMENT OF THE
CONDITION OF THE
Home Life Insurance Company

OF New York. New York on the 31st day
OF December. 1855
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
Year EndinE December 81, 1885

ADELE LAdoDzINsKI.
President.
General Secretary.
LEOkADIA BLIKOWSKI.
Treasurer.
HAROLD A. REESE 4
Aetuary.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
Travellers Insurance
Company

STATEMENT OF THE CONDITION
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22

Hartford Is, Connecticut, on the 3Ist
day OF December, 1856.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22

Famous Atco paint--at this low An
niverSary price. Save 1876 on each
gallon--so buy all you need now
for spring painting. Made by Monad.
Chalk resistant! Durable, first grade
product.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-22
ST GAZING
By FRANCIS P. DOUGLAS

ACKNOWLEDGEMENTS Washington Oregon Nevada til
have imitation or defation in the and California. :.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-08-08

land, said dwelling being newly
constructed and not entirely COM
pleted.
TERMS OF SALE
All cash. a deposit of $4,000
will be required at the time of
sale; balance upon ratification Of
sale by the Circuit Court for
Montgomery County, Maryland.
State and County taxes, front
foot benefit charges to be adjusted
to day of sale. Conveyancing, re-
cording, Notary fees. State and
Federal revenue stamps, to be at
the cost of purchaser. The terms
of sale are to be complied with
within five 90 days from the
final ratification of sale by said
Court; otherwise property will be
resold at the risk and cost of the
defaulting purchaser.
JOHN H. STADLER
JOSEPH F. ZEGOWITZ. JR.
GEORGE II. BEUCHERT, JR.
Trustees 27S7
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-08-08

The Zoning Board of Appeals
of the Town of Gaithersburg,
Maryland, will hold public hear.
ing on
TUESDAY, AUGUST 20, 1857
AT $500 O'CLOCK p. M.
in the office of the Mayor and
Council of the Town of Gathers
burg, Fire Department Building,
for the purpose of considering
the request made by Plano String
er for the approval to erect a
Truck Repair Shop on the South
Side of East Diamond Avenue on
a plot of ground just East of the
Washington Suburban Sanitary
Commission Elevated Water Tank
Lot.
The Repair Shop will be erect
ed on land which is now classified
Commercial 3D..
All interested parties are invit-
ed to be present.
BOARD OF ZONING
APPEALS
Quentin v. Frey, Jr.
Secretary
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-08-08
Legal Advertisement

meadow" as per plat recorded in
Plat Book 46 at plat $780,, among
the Land Records of Montgomery
County, Maryland, together with
the Improvements and all of the
estate, right, title, interest and
claim, either at law or in equity,
of the said Longmeadow Develop
ment Corporation, its successors,
in title in and to said land and
premises.
This property is improved by a
split-level brick dwelling contain.
ing Z rooms, 3 baths, including
maids room in basement, full
basement and recreation room
and is known as premises 5O06
Elsmere Avenue, Bethesda, Mary,
land, said dwelling being newly
constructed and not entirely com.
pleted.
TERMS OF SALE
All cash, a deposit of $4,000
will be required at the time of
sale; balance upon ratification of
sale by the Circuit Court for
Montgomery County, Maryland.
State and County taxes, front
foot benefit charges to be ad.
justed to day of sale. Conveyance.
ing, recording, Notary fees, State
and Federal revenue stamps, to
be at the cost of purchaser. The
terms of sale are to be complied
with within five 90 days from
the final ratification of sale by
said Court; otherwise property
will be resold at the risk and
cost of the defaulting purchaser.
JOHN H. STADTLER
JOSEPH F. ZEGOWITZ, JR.
GEORGE H. BEUCHERT, JR.
Trustees 27S6
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-08-08
Legal Advertisement

will be required at the time of
sale; balance upon ratification of
sale by the Circuit Court for
Montgomery County, Maryland.
State and County taxes, front foot
benefit charges to be adjusted to
day of sale. Conveyancing, re-
cording, Notary fees, State and
Federal revenue stamps, to be at
the cost of purchaser The terms
of sale are to be complied with
within five 90 days from the fl
nal ratification of sale by said
Court; otherwise property will be
resold at the risk and cost of the
defaulting purchaser.
JOHN H. STADTLER
JOSEPH F. ZEGOWITZ, JR.
GEORGE H. BEUCHERT, JR.
Trustees 21S8
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-08-08
Trustees Sale

Of Valuable Improved Real Es-
tate in Montgomery County,
Maryland.
Under and by virtue of the
power of sale contained in GER
tain deed of trust from Long
meadow Development Corpora
ton, a Maryland Corporation,
dated April 9th, 1856 and duly re-
corded in Liber 2190, folio "a, one
of the Land Records for Mont
gomery County, Maryland, de-
fault having occurred in the cove
nants of said deed of trust and
at the request of the holder of the
note secured thereby, the under
signd trustees will offer for sale
at public auction in front of the
premises, on
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-08-08
Hyde Defends
Vote Against
School Aid

Rep. Dewitt S. Hyde, Or. Md
this week stoutly defended his
recent vote in Congress against
Federal aid to education. His
statement follows:
Il think that it was clearly
demonstrated during the House
debate on the Federal aid for
school construction measure that
the States could build needed
schools if they would Even the
proponents of Federal aid in our
Congressional District do not
deny this, but argue that since
the States apparently won't, the
Federal Government must. 1t
seems TO me wrong to demand of
the Federal Government action
which the States without too
great a sacrifice could under
take themselves.
Il would like to point out again
that no official of the Govern
ment nor any educational organ
ization has ever named a State
financially unable to build all the
schools it needs.
But, as have said before, the
basic and continuing issue is Fed
eral control of our educational
system. Even such a staunch
friend of Federal aid as Columbia
University's Teachers College,
after searching for evidence of
Federal interference in the Sim
pacted area program" and finding
none, was still forced to conclude
that real protection against Fed
eral control rests on the officials
who administer the program.
THE Teachers College study
says that Federal control is not
likely if the officials who admin
lister the program are sensitive
to the dangers of Federal control
over personnel, curriculum, and
Institutional programs" Suppose
they're not. What assurance have
we that some Federal official
stepped in the lure of an ism"
won't interject his ideas into my
community if Uncle Sam is pick
ing up the tab for school con-
struction? We dare not rest the
freedom of our schools on the
thin reed of personal integrity-it
must be deeply rooted in the law.
Academic freedom is so i'm
portant, and the evils of central
lied control and dictation in this
field so dangerous, that / do not
think we can afford to take the
risk of endangering that freedom
unless the risk is proven to be
an absolute necessity.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-08-08
In County From p. CT
Junior All-Stars
Play Starts Soon
From, p. CT

Continued from Page CD
Buck Gross, John Crowley, and
Jimmy White; Kiwanis: Tony
Guerra, Luke Terry, Duane VII
son, and Donnie Pontius; Stand
ard Supply: Butch Israel, Carol
Williams, John Mindte, Marvin
Tanner, and Danny Harmon; Op-
tirnists: Allen Morse, T. Schwartz
beck. Gentry Green, Mike Bach,
and Ronnie Schwartzbeck.
Playing for the West are:
Rockville Mere ants: Billy
Schwartzbeck, Tommy Dunn,
Bobby. Seymour, and Ronnie
Stewart; Stauffer Slenderizers:
Harry Boice, Rickie Day, Bobby
Lee. Earl Mattock, and Pete SUIT.
ton; st. Mary's: Barry Smith.
John Maccbis, Larry Kaflin, Dick
Graham, and Walt Masterson;
Maryvale: ]. Hutchinson, Ed
Anderson, and Joe Ricketts,.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-08-08
MONDAY. AUGUST 18th, 1857
AT 2:1O O'CLOCK PM.

the property described in said
deed of trust, being Lot numbered
Sixteen Q6) in Block lettered
&C. in subdivision known as
''Longmeadow', as per plat re-
corded in Plat Book 50 at plat
4140, among the Land Records of
Montgomery County, Maryland,
together with the Improvements
and all of the estate, right, title,
interest and claim, either at law
or in equity, Of the said Long
meadow Development Corpora
ton, its successors, in title in and
to said land and premises.
This property is improved by a
split-level, brick dwelling contain
ing Z rooms, Az baths, maids
room, unfinished room in attic,
full basement, one-car built-in
garage, and is known as premises
9410 Corsica Drive, Bethesda,
Maryland, said dwelling being
newly constructed and not en-
tirely completed.
TERMS OF SALE
All cash, a deposit of $4,000
will be required at the time of
salei balance upon ratification of
sale by the Circuit Court for
Montgomery County, Maryland.
State and County taxes, front
foot benefit charges to be adj
justed to day of sale. Canvey-
ancing, recording, Notary fees,
State and Federal revenue
stamps, to be at the cost of pur-
chaser. The terms of sale are to
be complied within five 90 days
after the maj ratification of sale
by said Court; otherwise property
will be resold at the risk and cost
of the defaulting purchaser.
JOHN H. STADTLER,
JOSEPH F. ZEGOWITZ, JR.,
GEORGE H. BEUCHERT, JR.,
Trustees. 2783
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-08-08
Legol Advertisement
]. Fendall Coughlan
Frederick Stohlman, Soils.
1902 Georgia Avenue
Silver Spring, Md.
Trustees Sale

OF Valuable Improved Real Els.
tate in Montgomery County,
Maryland.
Under and by virtue of the
power of sale contained in a GER
tain deed of trust from Long
meadow Development Corpora
ton, Maryland Corporation, dat
ed April 9th, 1856 and duly re-
cord in Liber 2190 folio 81, one of
the Land Records for Montgom-
cry County, Maryland, default
having occurred in the covenants
of said deed of trust and at the
request of the holder of the note
secured thereby, the undersigned
trustees will offer for sale at pub
lie auction in front of the prem
ises, on
MONDAY, AUGUST 10th, 1857
AT 2:2O O'CLOCK PM.
the property described in said
deed of trust, being Lot numbered
Seventeen (17) in Block lettered
&C" in subdivision known as
'Longmeadow", as per plat re-
corded in Plat Book 50 at plat
4140, among the Land Records
of Montgomery County, Mary
land, together with the improve
ments and all of the estate, right,
title, interest and claim, either at
law or in equity, of the said Long.
meadow Development Corpora
ton, its successors, in title in and
to said land and premises.
This property is improved by a
split-level, brick dwelling con-
tanning Z rooms, Az baths, maids
room, unfinished room in attic,
full basement, one-car built-in
garage, and is known as premises
9412 Corsica Drive, Bethesda,
Maryland, said dwelling being
newly constructed and not ne
tirely completed.
TERMS OF SALE
All cash, deposit of $4,000
will be required at the time of
sale; balance upon ratification of
sale by the Circuit Court for
Montgomery County, Maryland.
State and County taxes, front foot
benefit charges to be adjusted to
day of sale. Conveyancing, re-
cording, Notary fees, State and
Federal revenue stamps, to be
at the cost of purchaser. The
terms of the sale are to be COM
piled with within five go days
after the final ratification of sale
by said Court; otherwise property
will be resold at the risk and cost
of the defaulting purchaser.
JOHN II. STADTLER,
JOSEPH F. ZEGOWITZ, JR..,
GEORGE H. BEUCHERT, JR.,
Trustees. 1884