davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-20

The warning against pamper
came from j. Meyer Sink, jr.,
president Of the Federal Home
Loan Bank of Greensboro, N. c.,
who was prevented by sudden
illness from addressing the 49th
annual meeting of the District
Savings and Loan League, which
opened at the Cavalier Hotel
here.
His speech was read by Joseph
P. Burke, jr.. of Washington, a
director of the Greensboro Bank
which has jurisdiction over
Washington associations. Mr..
Burke is vice president of Column
bia Federal Savings and Loan
Association. and has been NOM
mated for presidency of the
District League in the coming
year.
Smuck Issues Plea
The plea to subordinate rate
advertising to promotion of thrift
came from Carl C. Smuck, out
going president of the District
League and vice president of
Perpetual Building Association.
Mr.. Sinks address as read by
Mr.. Burke pointed out there are
only 1886 holders of big ac-
counts $4,000 or more) in
Washington associations-just
81 per cent of the total. How
ever, this is larger than average
of 4 per cent for the entire
Fourth Federal Home Loan
Bank District. of which Washing
ton is a part, the message said.
There seems to be more and
more of a trend to encourage
the big money intake-to cater
TO investors rather than savers"
the message declared. I'VE have
found that a few large accounts
are amazingly easy to get and
easy to handle compared with
numerous small accounts-that
much less effort and really hard
work is involved.
However. we now are learning
that big money is hard to keep
and that retaining such money
may involve concessions to the
investors. These concessions do
not necessarily take into consid-
Grafton the requirements Of our
mass market.
Out Of Proportion
This minority group of in
vestors can and does create pres
sures which savers would never
generate. and am confident that
we fear the group out of all pro-
portion to its relative Importance
as customers" the message con-
tinued. Apparently. we do not
dare to run counter to its wishes.
In an effort to keep investors
satisfied and to maintain and
extend our investment business.
we begin to take chances" ne
said. I'VE increase dividends
when We can't afford higher
rates. Then, in order to secure
the earnings necessary to pay
higher dividends, we begin to
sacrifice the soundness OF our
loan portfolios. Our service
charges and loan interest rates
go up. and we price ourselves out
Of the preferred risk loan market.
Generally. this step does not
produce all the income we need.
so our next action is to put more
money to work-reducing liquid
ity to provide more earnings for
the very same people who make
high liquidity in our business a
virtual necessity" the message
added.
"All too frequently, this action
also produces too little in addi-
tional income. and we wind up
by allocating smaller percentages
OF net income to reserves and by
permitting our relative reserves
to drop. When that happens, the
vicious circle is complete. The
tail. which in your case is 81
per cent Of your customers, is
wagging the dog"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-20
More Creative THINKING
Urged for Sales Leaders

hands the potential of Americas
future"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-27

PHONE: NAsionoI s-ss4o
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-27

for photographs. and a line
began queing up around her
there.
From there she went to the
Capitol to pick up her hus-
band, go on to a Young Re-
publicans' reception, where
another long line Of people
were waiting there to shake
their hands.
They dashed home from
there. ate two plates Of spa
ghetti standing in the kitchen
(the children and their grand
mother had already eaten), :
dressed hastily in evening
clothes, arrived at the In
augural Festival at 500. for
an $50 show that didn't get
under way until 9. A lot Of
people came around to shake
hands during the interval.
Saw Story
Mrs. Nixon said she saw the
newspaper story praising her
smiling endurance during the
long session on a hard uncom-
Portable wooden chair.
Actually. I didn't think
anything about it," she said
automatically. Though I do
think We need an auditorium"
she added mildly.
They left the arena at 1920
for the massive reception in
their honor at the Mayflower
Hotel, where they stood shak-
ing more hands until almost
1870.
Pat Nixon couldn't 60 to bed
when she got home until she
had rounded UP everyone's
clothes for the early-morning
church service with the Eli
senhowers the next day.
She was UP at GAS Sunday.
There was the cooking Of
breakfast, the dressing Of the
children. and we had to be at
church at 8:45, before the Eli
senhowers arrived at g." she
says.
They went from church to
the private swearing-in at the
White House, which was fol-
lowed by coffee and dough-
nuts.
The Vice President and Mrs.
Nixon had to rush home after
that (the children, as has been
reported, spent the day at the
White House with the Eisen-
hover grandchildren, to for
mally accept an enormous
cake from the manager of the
local Giant market where Mrs.
Nixon shops. ("He's always
been nice to the children and
given them lolly pops" Mrs.
Nixon said.)
Photographers Present
News photographers were
present for this. but the Nixons
also had hired their own
photographer, Mrs. Nixon said,
80 we could be sure to have
copies to autograph and give
the market man."
They changed clothes and
went to the big governors re-
ception. which, said reporters
covering it. should have been
called the Vice Presidents re-
ception, because the Nixons OBJ
viously were the chief at
traction.
Then came a supper for
Congressional Medal Of Honor
winners. BY prearrangement,
the dinner was already under
way. So 1t was the Nixons
who walked around and did
the handshaking with the
seated diners. Again, they had
their own photographer so
they could send autographed
pictures.
They went home then to
change into evening clothes
for the inaugural concert.
Dinner was a cup Of coffee,
as there was no time for more.
Another line formed to shake
hands during the concert in
PERMISSION.
Monday-as the Vice Pres
ident told the world in his
press conference.-the family
got up at 8.
A dozen or so reporters
gathered in the living room for
the press conference at 10.
I'm afraid things were
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-27
pretty. chaotic" Mrs. Nixon
said.

pretty. chaotic" Mrs. Nixon
said.
Tiny House
TITS really a tiny house. you
know" she said. ITS not as If
there was a separate wing
where we could go off and
dress. while the press confer
ence was going on. The mad
search for jules hat went on
all over the house. right in the
middle of everything"
CAlthough tiny" may sound
like an unduly modest descrip-
ton of the Nixon's seven-room
white brick residence in FASH
ionable Spring Valley, the
SAL 900 price tag of which was
widely publicized four years
ago. there is some justice in
Mrs. Nixon's statement.)
The two Nixon girls have
small bedrooms right over the
living room and noise filters
easily down the center-hall
staircase into the adjoining
living room. The bedroom oc-
cupied by the Vice President
and his wife is somewhat larger.
The only other .sbvdroom" is
obtained by conyerting the
basement recreation room i.
This paneled room. while at
tractive. is the Snly part Of
the basement that has been
finished. and is quite small.
The first-f1oor den, on the
dining room, sis so small that
there isn't room for a desk,
with the large TV there" Mrs.
Nixon points out. Hence, she
manages her social correspond
ence, almost all of which she
answers herself, sometimes on
a typewriter-on q card table
in the bedroom.
Il put the table down when
I'm through, she said.
A Problem
And what does she use for
drawer space for her CORES
pondence? well, that's kind
of a problem" she said. I'VE
gave the family desk to 'Tricia
90 years old for her room.
She and I were supposed to
share the drawer space. But
Continued on Page D-16, Col. .
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-19
EVENING

500
4-Meet the Press. Panel.
5-Hond 10 Heaven.
7-Seienee Fiction Theoter.
An oeeident oivessp young cleo
tricion superhuuon senses. Dane
Clork stors.
9-Gient Step. Quiz.
New time. Bert Perks. quizmos-
ter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-19
$50

6:3U
4-Roy Rogers. Western.
Boys Doy in Porodise volley."
Roy is deputized in the search
for killer by boy who is oct
ING os sheriff.
5-Fronkie loine Show.
1.-The Three Musketeers.
THE Poris Cooch." D'Arto2non
rescues o priest who possesses
evidence Of treochey to the King
OF Frofee.
9-You Are There.
The Bonk Holiday Of 1888"
The terrible doys Of the depres-
sion will be relived
TOO
4-Bensol loneers. Advent're.
5-Sherloek Holmes. Mystery.
7-You Asked for IL.
4 meteorolooist demonstrates
"How TO Mix Clouds" From
Son Diego Zoo, trick seoIs ride
ponies GROUND circus ring;
Mexico City's crock police mo-
torcycle squod in cotton. Art
Boxer. host. m. c.
9-lossie. Dromo.
lossie and jeff team un to help
the son Of q niioront worker and
run into trouble. Tommy Rettio
Stors.
1870
4-cireus Boy. Adventure.
5-Uneommon volor.
"Peleliu."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-05-19
o-You Are There.

The Bonk Holiday
The terrible days Of Z
sion will be relived.
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28
Methodist Circles To Meet

Circles of St. Paurs Methodist
church at Oakland will meet next
Wednesday evening, December a,
at 8 o'clock.
Circle /, Mrs. Harold Harmed
leader will meet at the home of
Mrs. Ralph HENDERSON, route PIG.
Mrs. Eugene Taylor will assist.
Circle 2, Mrs. Donald Evans
leader, will meet at the home of
Mrs. II. c. Leighton on Oak
street. Mrs. c. N. McIntire and
Mrs. j. William Butt will assist
Circle 3, Mrs. F. A. Thayer
leader, will meet at the home of
Mrs. Walter w Dawson on Alder
street
Circle 4, Mrs. Robert Dewitt
leader, will meet at the church
Mrs. II. L. Porter and Mrs. George
Porter will assist
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28

ernmcnt, between corporate and
individual income tax, will take the
lions share?
Certainly the adverse effects
upon our American economy of the
punitive rates on personal incomes
outweigh the arguments Of the
"socializers" that tax rates should
be based on ability to pay" The
latter is a concept that is definitely
un-American and stems directly
from the Russian Kremlin.
If the top rate on corporate in
comes We're also fixed at so per
cent, the combined loss might re
duce the income tax take by bill
lion dollars. This would be a tenn
porary loss, however, because pri-
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28
THE AMERICAN WAY

Economic Royalists" are bearing
the brunt of Feaeral Government
extravaganza ana waste:
Three out of four income tax
payers, some 30 million in num-
Der, in 1855 fell into the first
bracket rate of 20 percent. These
80 million "non-rich' citizens ac-
counted for 85 percent of all per-
sonal tax receipts. And further,
even three-fcurths of this amount
came from the definitely non
rich" who reported taxable in
comes Of $4,000 or less.
The surtax rates, starting above
the $4,000 income level, progress
to high Of II percent, or to
combined rate Of 81 percent on in
comes of 100000 Or over. Yet
here again, one-half Of the revenue
from the surtaX wa, paid by in
come groups up to $l6,000-$18,-
600 for single persons, or double
that for married persons where the
combined rate reaches so percent.
Certainly these citizens cannot be
tagged as "rich.")
To put it another way: If so per-
cent We're set as the ceiling for the
combined personal income tax rate,
it would mean only a loss of $500
million OF around 2 percent of the
total personal income tax, based
on the 1855 experience.
My associate, Willis E. Stone,
President of the American Prog
ress Foundation, is working for
outright repeal of the 18th Amend
ment (Income TAXI He has pro-
duced authentic figures to show
that such repeal would not jeopar-
die our national security, nor ham
per any legitimate, constitutional
function of the Federal Govern
nent. This repeal can only be ac-
complshed by another Amendment
to the Constitution, which must be
ratified by three-quarters or SO of
the Individual States. To get this
proposed amendment before the AZ
State Legislatures will require
considerable time, even though sew
eral of the States already have il
dictated their willingness, yes, even
their eagerness to ratify such an
amendment.
Therefore, pending such ratifi-
cation by the required 36 States to
abolish the personal income tax, it
has been suggested that the maxi
mum combined rate on personal in
comes be set at so percent, instead
Of 81 percent as of now. The pro-
ponents Of this limitation give
sound reasons for advocating same.
They point out that not only do the
present high rates fail to provide
stable revenue, but they adj
versely affect the total tax take as
follows:
/. They encourage efforts to Sc
cure income in non-taxable forms,
or to postpone receipt of income.
2. They discourage the flow of
capital investment, and lessen in
centives for individuals to invest
in any project that involves risk.
Why take a risk, when if that ven
ture is successful, Federal Gov
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28


When you are forced to take the
standard deduction because your
deductible expenses are less than
l0-per cent of your adjusted gross
income, you literally waste your
expense deductions. for tax pur-
poses Don't let this happen to you
every year Plan your expense out
lays so that you go over the
optional l0-per cent deduction occa.
sionally This can be done by
pyramiding two years of actual eX-
penses into one.
For example, assume that you ex-
pect to have an adjusted gross in
come of $1,000 for this year and
actual deductible expenses of about
S6O0-or 500 less than what you
would be entitled to deduct if you
took the standard l0-per cent deduc-
ton Not included in your actual
expense estimate. however. is $3.50
in state taxes and 500 in home
loan interest charges that wall have
to be paid in 1858 but which can be
paid in advance.
Beat the Standard Deduction
II you act quickly and pay these
expenses before December 81. you
can bring your total allowable de
auctions for 1857 up to $3.50. By
itemizing deductions this year and
taking the standard deduction next
year-when your actual expenses
should be somewhat less because of
what you have prepaid-your total
deductions for both years will be
Ct eE0 Had
taken the standard l0-per cent
deduction in both years. the total
would be only about $1,400
A salaried worker who has diff
Guilty finding enough deductions to
make termination worthwhile might
consider carrying the pyramid plan
one step further He could set up
a system of lending" and borrow
ing" year-end items that would
make it possible for him to throw
three gears of deductible expenses
into one
Timing Deductions
You can begin your own three
year pyramid by postponing pay
ment on as much 1857 deductible
expense as possible and planning to
take the standard deduction on this
years return. The expenses you
have postponed-or loaned will
increase your 1858 deductions. and
in the final months Of 1858 you can
borrow" from 1859 by speeding-up
the payment of deductible items.
AS a result of your pyramiding.
you maximize your expenses for
1858 (when you should be able to
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28
A Needed Shot-in-the- Arm
BY GEORGE PECK

EDITORS NOTE: George Peck
is President of the Laymen's Ma
tional Committee, sponsor Of Ma
tional Sunday School and Bible
Weeks.)
A great many of our American
citizens labor under the erroneous
impression that because of our
highly progressive individual in
come tax rates, the rich are pay
ing for most OF The drunken
sailor spending of the Federal
Government. Because of this mis-
taken idea they are not perturbed
about the manner in whieh the
Federal Government losses tax
money around-wita apparently
no thought Of economy.
Well let's take look at some
of the individual income tax sta
tistics! Those figures knock into
"cockcd-hat' the lotion that the
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28

beat the standard deduction by
itemizingl. and minimize your de-
ductible items for 1857 and 1859
twhen you Will take the standard
deduction and waste your actual
expenses The general rule TO fol.
low when you are trying to make
the most OF your actual expenses
is keep OUTLAWS as low as possible
in the years in which you take the
standard deduction and pyramid
them as much as possible in the
years in which you itemize ex-
penses.
Pyramid Medical Expenses
Most taxpayers need look no fur.
Their than their family medical bills
TO find a deductible expense that
can be pyramided to gain a well
coined tax advantage. The section
of the tax law governing the de-
ductibility of medical expenses
states that unless you or your wife
will be 65 years old by January l.
1858. you may deduct only those
medical expenses for 1857 in excess
of per cent of your gross income.
If you find that you are near or
over the per cent minimum and-
you are going to itemize deductions
this year. you should pay as many
of your medical bills as possible
before December 81. And since
medical expenses can be deducted
only in the year paid (but cannot
be prepaid). you might even con.
slider speeding-Ep and paying for
the dental work, eye examinations
and general physical check-ups your
family will otherwise be having in
the early part of 1858.
Taxpayers who had low medical
expenses for 1857 should reverse
this procedure. postponing the pay.
ment of their year-end medical bills
until after the first of the year. In
this way. they may be able to
exceed the minimum requirement in
1858 and to gain a benefit from a
payment that would otherwise be
lost on their 1857 return.
Plan Premium Payments
The premiums you pay on your
health. accident and hospital insur.
ance policies can be deducted az a
ul6ulCdl eAPeuSS pau yOui pay
ments accordingly To give you
greater fleIibility in the shifting OF
medical deductions from one year
to the next. you might arrange to
have these premiums fall due in
January.
Next ArticIe: More T1r-SnUing
Deductions and Hoio TO Time Them,
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28
With Our Men
In The Service

Army privates Samuel G. Roth,
81, and Richard r. Mustard, IS, of
Oakland, were scheduled to COM
plete eight weeks of basic combat
training Nov. % under the Reserve
Forces Act program ut Fort Knox,
Ky.
Roth is the son of Mr.. and Mrs.
William Roth of Route 2. He was
graduated from Southern High
School in 1855 and later worked for
the Fairfax Sand Co. in Thomas,
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28
missioned Ensigns in the Navy.
n =

missioned Ensigns in the Navy.
Ernest D. Colaw, son of Mr.. and
Mrs. Don r. Colaw of Crellin, and
Earl C. Right, son of Mr.. and Mrs.
Gilbert Right, route 219 south Of
Oakland, were scheduled to
graduate from recruit training Nov.
% at the Naval Training Center,
Great Lakes, Ill.
The graduation exercises, mark
ing the end of nine weeks of "boot
camp" included full dress parade
and review before military officials
and civilian dignitaries.
In nine weeks of instruction, the
"raw recruits" are developed into
Navy Blue jackets ready Tor duty
with the fleet.
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28

waite investment spending would be
stimulated and after a short lag,
tax revenue inevitably would in
crease.
Faced with the knowledge that
the next BUDGET will call for more
defense spending, Federal Govern
ment is going to need every tax
COLLAR it can muster, without kill
ing the goose that lays the golden
eggs. Setting a maximum of so
percent on both personal and COR
porate income taxes will help ma
terially toward that objective. 1t
will be "shot-in-the-arm' to risk
taking-to risk taking which has
ever been the prime ingredient of
Americas economic achievement.
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28
"Oooops! There's another job for that dry
cleaner in the Want Ads!"

St., Oakland, is undergoing pre-
flight training at the Naval Air
Station, Pensacola, Fla.
During the 16 weeks of training,
students attend classes in aerology,
navigation, principles of flight,
physical fitness and survival.
Upon completion of this phase of
flight training they will be COM
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28

w. Va.
Mustard, a 1855 graduate of
Southern High School, is the son of
Mr.. and Mrs. H. B. Mustard, LAP
Second st.
/; &;
Aviation Officer Candidate Wal
ter Wayne Graham, son of Mr.. and
Mrs. Spencer Graham of 1856 4th
The Republican. [volume] (Oakland, Md.) 1877-current, 1957-11-28
How To Plan Federal
Income Tax Deductions

Of a Of four articles federal income
information provided By the
Antericd Of the
Maryland Association Of Certified Public Accountants.
waiting the first of the year decide whether to
the standard 10per cent deduc
the risk of losing greatest taxsavng oppor
Arizona sun., 1957-07-11
FlAnERED BUT HUMBLE

To Mr.. Robinson, Associate
Editor Of The Sun:
T feel flattered but quite
humble that my letter to the
Arizona Sun should have become
the topic of discussion in your
always well received column,
Facing the Facts. While I do
not always digest your conclu-
sions, the challenge contained
therin can not be lightly set
aside and I look forward each
week to the reading of your
articles.
In the present discussion ]
am happy that we are both in
agreement on one thing, passage
of Civil Rights legislation, I wish
that our differences otherwise
could be also resolved, but I
guess I am just hard-headed, or
naive, or something.
You have been quite critical
of Mr.. Goldwater and what you
presume to be his position in
things affecting the Negroes
political and economic welfare.
Your continued censure of him
is I do not think justified. AS
far as can gather your only
cause for complaint is his an
nouncement of his intention to
sponsor or support a Right to
Work" amendment to the CT
vii Rights bill. Thus, because OF
your undisguised opposition TO
Right to Work" you propose to
convict him on all counts, in
short you are applying the prin-
ciple of guilt by association.
Based upon your line of reason
ing I cannot say that I am will
ing to reach the conclusions you
would have me do.
There is no denying that Mr..
Goldwater is definitely in favor
of the Right to Work legislation,
so ann I, but the fact that he
sought to inject such an am
mendment into the bill should
Continued on page 81
Arizona sun., 1957-07-11

more are willing to pay more.
But when we say to the bust
nessman the scientist, the, in
ventor, the doctor, and the wage
Garner, that out of each addi-
tional dollar of earnings, Uncle
Sam is going to take a higher
and higher percentage, we are
destroying incentive.
Take the example of a skilled
worker making 3 or 4 dollars an
hour. What would he say if his
employer told him, II want you
to work overtime, but you will
get less and less pay for each
additional hour you work." He
would think his boss was crazy
and he would be!
But that is exactly what his
Government tells him.