davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

This recession is the medi-
cine needed to cure the imitation
disease and to put us into sound
condition so we can move for
ward into a period Of steady
but not feverish, infiationary
growth.
Well. If top men in Washing
ton really think this way and
can argue persuasively that a
little, temporary suffering
among a few millions of us now
is far preferable to the risk of
a lot Of prolonged suffering
among all Of US later. why don't
they say 1t out loud? Because:
First, there is the danger that
If leading officials of the Ad-
ministration and the men who
rule our Central Bank 60 all
out on their imitation warn
ings, they can by no means be
sure they'll gain the public's
support for the restraints they
insist are essential.
Boomerang Possible
Rather, the warnings could
boomerang badly. Instead of
getting individual Americans
to say. We'll sacrifice what
we want today for the sake of
security later" the public
might be frightened into flee
ing from savings and scram-
bling for stocks, land, and
other so-called imitation hedges.
Organized labor might in
tensify its demands for pro-
tections against cost-of Living
increases. Forces could be set
loose that would bring about
the very price explosion so
greatly feared.
Second. there is the danger
that this q. o. P. administra-
ton would be Immediately ac-
cused Of wanting a depression
in order to break" unions.
Former Treasury Secretary
Humphrey can tell the Senate,
as he did a few weeks ago,
that a decline in production
Is "the happiest thing that can
happen to this country" be-
cause the letdown will take the
sting out Of imitation. But Mr..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
YOUR
WORTH
Kiss and Tell
BY SYLVIA PORTER

Unless you are the one in
4,400 who reads The journal
Of Commerce, you never saw
this in print before:
THE evidence now points
strongly to the conclusion that
both the Administration and
the Federal Reserve authorities
believe that a moderate recess
sion now would be a small
price to pay for the avoidance
of another boom-and-bust
later on.
such a policy leads COM
pellingly to the all-important
psychological Cor public rela-
tions) problem Of whether the
Administration should take the
public into its confidence by
trying to explain its goals and
methods-or whether it is
better just to follow the course
it deems necessary without at
tempting to make it 'palatable'
to the public by official ex-
plantations.
Involved is not merely the
problem of whether or not the
public should be told but /.
whether such a crusade !.
actually would increase the
danger of imitation by direct
ing attention to it. 49,.
This shows how tough a
decision whether to tell or not
to tell really is -"
Editorial Quoted
AS that one in 400 who SUBJ
scribes to this highly respect
ed. authoritative financial
newspaper, saw this in a re-
cent editorial.
And ! quote it here because
I know the editor Of the Jour-
nal Of Commerce has analysed
it accurately. ! know this be-
cause again and again, in OFF,
the-record conversations with
policy -makers and influential
economists in Washington, this
is what, in affect, ! have heard:
What we need to end the
wage-price spiral in this coun-
try is a little recession, and the
quicker it comes the better.
Nothing big or severe, of
course-oh no. But enough ull-
employment spread through
the country to push the unions
back in line. Enough worry
about the state of the economy
and public resistance to force
businessmen to back down on
price increases and to find
other ways to cover costs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
Cap. Gross Net Prof.
Funds Rev. Prof. Ratio
of Cap.
Summary for Recent Call
Shows Rise in Loans

Shows Rise in Loans
In a summary of the June 6
condition call, Mr.. Gidney also
reported net loans of the II
institutions totaled $625, 607, 900
on that date after deduction Of
valuation reserves, compared
with 604,750 last March IA,
date of the previous call, and
$609.16l. 900 on June 80 last
year.
These included real estate
loans of Sl67,522,000 VS..
S168.126,000 on March IA and
$i68,546,000 a year earlier.
Holdings Of Government OBJ
legations amounted to $46l,-
$4,000 VS.. $480,874,000 on
March IA and $454.677,OOO in
June. 1856.
Total assets amounted to
tl,499,376.0O0 VS.. s1,503, BOG, 900
on the previous call and
$1,508. 100000 a year earlier.
Deposits totaled $1,371, OO4, 900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
Jersey Oil Dividend

NEW YORK, Aug. / R.-
Directors of Standard Oil Co.
IN. j. today declared a divi-
dend Of SIS cents a share on
the common stock, payable
September 10 to stock Of record
August IL. The company paid
the same amount in the pre-
ceding quarter. Today's divi-
dend brings to $1.65 a share
total amounts thus far in 1857
compared with $3.50 paid up
to this time in 1856.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

ties and professional persons
will be displayed Tuesday in
the South American Room at
Hotel Statler here.
Senator and Mrs. Alexander
Wiley Of Wisconsin will be
hosts at a luncheon that day
in connection with the From
the Executives Easel" exhibit
ton sponsored by Manpower.
Inc.
The paintings to be dis
played were chosen by major
art museum directors and are
being circulated by the Amer
lean Federation Of Arts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
Farmers Banking Elects
Manager at TWinhrOOk

Directors Of the Farmers
Banking and Trust Co. Of
Rockville have elected George
j. Cardy assistant secretary
and manager Of the new Twin
brook Branch.
The new branch will be in
the Twinbrook Shopping Gen.
ter, which is expected to open
for business in October.
Mr.. Cardy has been assistant
cashier in the Kensington
Bank. an Office of Farmers
Banking. He has been with
the institution three years. He
attended Wayne University in
Detroit and is a graduate of
George Washington University
with a degree in accounting
and government.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
Area Products included
In ACE Displays Here

Products from five commu-
mites. including the Washing
ton area, are being featured
by ACT Industries, Inc. in its
exhibit at the 1857 Airpower
Show Panorama here.
On display from the River
dale. Md, plant of the firms
Nuclear Products-Erco Division
are models of electronic fight
simulators and newly designed
industrial machinery.
The division also has exhibits
Of test and research nuclear
reactors now being built or de-
signed for both domestic and
foreign customers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

amounted to $4,369, 900 in the
six months. a decrease Of 0.3
per cent from $4,383, 900 in the
same 1856 period.
Because capital funds rose to
$il2,939,0 a gain of 2.8 per
cent from $109.815,000 a year
earlier. the latest net repre-
scented an annual rate Of TIA
per cent on capital funds. COM
pared with 8 per cent annually
Q year earlier.
Gross income Of the banks
reached a new high or $25.778.-
900 in the six months, up Ga
per cent from $24.246.000 a year
earlier. but gross expenses of
$l7,l44.000. which included an
advance in interest paid for
savings accounts. were up lis
per cent from SIS. 1898, 900 in the
same 1856 period.
Net operating income before
recoverieS, losses and taxes was
$8,634,0O0 down "a per cent
from $8,S4S.000 a year earlier.
Income taxes required $4,047,-
900, an increase of IL per cent
from $4,004.000 a year earlier.
Larger Share Paid Out
In Cash Dividends
Despite the slight decrease
in net profits. the banks in
creased cash dividends for the
six months to 81, 976, 900. a gain
Of 6.5 per cent from $1.855,000
In the same 1856 period.
These dividends represented
Q return of $50 per cent on
capital funds on an annual
basis, compared with 1888 per
cent annually a year ago.
The six months data nailed
persistent charges that banks
were making extraordinary
profits from higher interest
rates and a tight-money situa-
ton.
The gradual rise of Capital
bank earnings over a period of
years is not too impressive if
checked against the rise in
capital funds and capital stock,
for which holders have put up
large additional amounts to
meet expansion needs Of their
institutions.
The following table gives six
months results for the last
eight years in thousands of
dollars:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
WELCOME TO WASHINGTON

tional Savings g. Trust, chairman:
Kenneth Thompson. Arlington Trust.
and Miss Joan Whalen. Suburban
Trust. vice chairmen
Nominating and Past Presidents
Mr. Reading.
Public Relations-Paul B. Denny,
National Savings, chairman: L, Gil
bert Vance. Suburban Trust. vice
chairman.
Public Speaking-Mr. Hopkins chair
man MI, DuRan, vice chairman
Publictty-Mr. Vance. chairman:
Mrs. Ethel Miller, McLachlen Bank
ing. vice chairman.
Women's-Miss Louise T. Pike. Ma
tional Bank OF washington. chairman
Mrs. Miller, vice chairman.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
GEICO Has Sharp Gain
In Six Months Profit

Net earnings Of Government
Employees Insurance Co.
amounted to $i,283,486 in the
first six months Of 1857. COM
pared with $l,193.66S in the
same period last year. Presi-
dent Leo Goodwin reported.
Premium writings in the six
months totaled $17.121, 098.
compared with $14.509.425 a
year ago. The company had
439.447 policies in force on
June 80 versus 409.307 at the
end of 1856 and 385.796 on
June 80 last year.
The company's loss ratio in
creased to 70.6 per cent in the
six months, compared with Sc
per cent a year earlier. The
expense ratio was ISL per cent
versus 15.9 per cent a year
earlier.
Assets totaled $48,529,343 on
June 80. compared with $45.-
492, asa on December 81 and
$42.642,38S on June 80, 1856.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
'' n BUSINESS
D. c. Bonk Profits off
Slightly as Costs Rise
By DONALD B. HADLEY

Earnings of II Washington banks and trust companies
decreased slightly in the first six months of 1857 higher
income than Offset by increased data
from Ray NJ Gdney Comptroller Of the Currency showed
today.
Net profits after recoveries and income
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
W&L Earns S2.54 a Share
In Latest IL Months

Earnings OF washington Gas
Light Co. amounted to $685.
1886 or $2.54 a share in IL
months ended June 80. COM
pared with $4,956,143 or 1857
a share on fewer shares in the
preceding IL months, President
Everett j. Boothby declared to-
day in an interim report to
stockholders.
Operating revenues totaled
$40, 317,662, compared with $4S,-
028. 725 in the preceding period.
Decline in net income was due
to warmer weather this year
plus higher operating costs, Mr..
Boothby said.
The company is preparing to
inject inert gas into the
underground stor-
age formation in a further test
Of the project. About 70 per
cent of property owners have
signed agreements.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01
MUTUAL FUNDS

NEW TCE :. Aug. (P.-National
Associatic.l .1curities Dealers Inc.
T. Jgn CfuokatiOnsl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-01

VS.. 81. 9.007. 900 in March and
81, 1884, 408. 900 in June last year
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
Simpson & Simpson, Soils.
Rockville, Maryland
Public Sale

OF beautiful 2.5+ acre home
site on high knoll, wonderful
view, 300 foot frontage on paved
road, improved by large rambler,
well suited for big family, con-
tanning 5 bedrooms, living room,
dining room, 2l2 baths, kitchen,
and other attractive features. Lo.
Gated on Westerly side of Glen
Milul Road, also known as Glen
Hills Road, just off Route %,
opposite the Subdivision of Glen
Hills in Montgomery County,
Maryland. Grounds improved
with patio and swimming pool.
Under and by virtue of the
power, authority and direction of
the Circuit Court for Montgom-
cry County, Maryland, in Equity
Cause No. 1902, the undersigned
Receiver and Trustee will offer
the above described lands and
premises for sale at public auc-
ton, on the premises, on
WEDNESDAY,, OCT. 16, 1857
AT THE HOUR OF 800 p. NJ.
all of the lands and premises de-
Scribed in the said proceedings,
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
Legal Advertisement

days after final ratification of
sale.
Adjustments on all taxes, pub
lie charges and special or regu-
lar assessments will be made as
of the date of sale and thereafter
be assumed by the purchaser.
Title examination, conveyancing,
State and Federal revenue
stamps and all other costs Incl.
dent to settlement are to be paid
by the purchaser.
Compliance with terms of sale
shall be made within two days
after final ratification of sale or
deposit shall be forfeited and the
property resold at the risk and
cost of the defaultant purchaser.
The property will be sold sub
ject to prior encumbrance, the
terms and conditions of which
will be announced at the time of
sale.
JOHN M. CONROY
EDWARD w. NYLEN
Trustees
Conroy Williams, Nylen
& Gilmore
By John D. Gilmore, Jr.
Attorney for Trustees
$500
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
Horace J. Donnelly, Jr.
American Security Building
Washington 5, D. c.
Trustees Sale

of Valuable Improved Property
Being No. 17I3 Henry Drive,
Rockville, Montgomery County,
Maryland
Under and by virtue of the
power and authority contained in
this certain deed of trust from
Rockcrest Homes, Inc, a Mary.
land Corporation to Edward X.
Jones and Frederick A. Allnutt,
Surviving Trustees, dated the
28th day of September 1858 and
recorded among Land Records of
Montgomery County, Maryland in
Liber 1843, at Folio 101, default
having occurred in the payment
of the Indebtedness secured there
by, the undersigned Trustees will
offer for sale at public auction
in front of the premises on
TUESDAY, OCTOBER Is, 1857
at the hour of
0sUU IL NA. " OAOOh
Eastern Standard Time, g pm.
Daylight Time if still in effect
the land and premises described
in the said deed of trust, to wit:
Lot numbered Seven CD in
Block lettered 90, in the Subdi-
vision known as "Warrens End
Addition to Rockcrest", as per
plat thereof duly recorded among
the Land Records of Montgomery
County, State of Maryland in Plat
Book No. 43, Plat No. 3188; sub
ject to covenants as recorded in
Liber 1899, Folio ia.
This property is improved by a
one-story, detached frame dwell
ing, containing five rooms and
bath and all modern improve
ments.
TERMS OF SALE: Purchaser
to pay all cash. A cash deposit of
$1,000.00 will be required at the
time of sale. The balance in cash,
with interest at six per cent per
annum from the date of sale to
ton of the said sale by the Cir.
sale to be complied with within
five days after the final ratifica-
ton of the sair sale by the Cir.
cult Court for Montgomery
County, Maryland, otherwise the
property will be resold at the
risk and cost of the defaulting
purchaser.
Adjustment of all taxes, public
charges and special or regular
assessments will be made as OF
the date of sale and thereafter be
assumed by the purchaser. Title
examination, conveyancing, State
and Federal documentary stamps
and all other costs incident to
settlement are to be paid by the
purchaser.
EDWARD X. JONES,
FREDERICK A. ALLNUTT,
Surviving Trustees. 4t-2865
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
BOARD OF EDUCATION
COUNTY, MD
Notice to Contractors

Sealed bids, in triplicate, will
be received by the Board of Edu.
cation at the Board of Education
Office, Rockville, Montgomery
County, Maryland, at 400 P. M.
Eastern Daylight Saving Time,
Thursday, October 10, 1857, for
the construction of an addition to
the Rocking Horse Road Elemen-
tary School located on Rocking
Horse and Macon Roads, Rock
vile, Montgomery County, Mary.
land.
The proposed construction will
contain twelve (12) rooms.
Plans and specifications may be
obtained on or after Friday, Sep
TENDER 20, 1857, at the office of
Cornelius Milstead, Architect,
1923 Jefferson Place, N. W.,
Washington 6, d. c.
General Contractors proposing
to bid may receive the loan of
drawings and specification upon
depositing thirty-five ($35.00) per
set The full deposit will be re-
turned on the first two sets, and
Il of deposit will be returned on
the other sets, provided the Con
tractor submits a bona fide bid
and providing all sets are re-
turned in good condition within
ten days after opening of bids.
Deposits will not be returned to
contractors who do not submit
bids.
The Board of Education re-
serves the right to waive any in.
formalities in or to reject any or
all bids.
Each bidder must deposit with
his bid, security in an amount not
less than ten 1000 percent OF
his bid in the form required by
the Instructions to Bidders.
BY ORDER OF THE
BOARD OF EDUCATION
SUPERVISOR OF
JAMES II. SHELDON
Supervisor of Construction
I 2t-287C
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
History From, p. 1
Legislature
Creates County

acres and who, ironically, was a
British Army officer, Richard
Montgomery, commissioned when
he was only Is, later rose to in
ternational fame as a soldier. He
came to America in 1772 and
was killed on New Years Eve,
three years later while leading
colonist infantry against the Brit
ish at Quebec.
He nevertheless was so respect
ed by the British, that during
eulogy in Parliament after his
death, speaker said of him:
Curses on his virtues, they have
undone his country"
Montgomery is buried near st.
Paurs Church in New York City.
River is Border
The county is sos square miles,
or approximately 325,000 acres
large. On the west it borders
the Potomac River for 81 and one
half miles; the Maryland-Virginia
boundary line is on the Virginia
side of the river at low tide. On
the east the county has about the
same frontage on the Patuxent
river. Frederick County borders
the northwest line from the Mon
ocasy river to PARIS Spring, a
distance of II miles. The District
Of Columbia and Prince Georges
county border on the south and
northeast.
Next week: Government Begins)
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
Exodus Due? From P. !
County Aides
Eve Acc Jobs

piers $3145, and it prefers some
experience. This disparity in sal
aries could cause a drain on the
county's pool of potential employ
ees, some officials fear.
The picture is not altogether
black, however. Many of the new
clerks come to work for the coun-
ty government because one or
more of their relatives, or friends,
already work for the county. And,
a spokesman said, they usually
are happier with the county be-
cause they are more at home than
they might be in an impersonal
organization as large as the Fed.
eral Government.
So far, he went on, there has
been no significant transfer OF
workers from the county to Acc
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
Legal Advertisement

it being the land conveyed to Sam
uel H. Walker III and Elizabeth ].
Walker, his wife, by two Deeds
from William F. Prettyman, ct al,
recorded in Liber 1908 at Folio
232 and Liber 1869 at Folio SO, Of
the Land Records of said County,
IS containing in the aggregate
c.514 acres.
TERMS OF SALE
A deposit of $1500.00 cash will
be required at the time of sale,
balance payable ninety 900 days
after the ratification of the sale
by the Court, interest at the rate
of Six Per Centum (6a6) Per An
mum on the balance of the pur-
chase price from date of ratifica-
ton of sale. Cost of conveyanc.
ing, revenue stamps, recording
and title examination, if any, to
be at the cost of the purchaser,
taxes, insurance and interest on
any encumbrances to be adjusted
to the date of transfer. The Land
Records disclose two trusts re-
corded against this property, one
in Liber 1869 at Folio 81, and an
other recorded in Liber 1898 at
Folio 1877. The terms of which
trusts, unpaid balances thereon,
and other information pertaining
thereto, will be announced at the
time and place of sale.
The Trustee and Receiver re.
ceiver reserve the right to refuse
any and all bids.
VIVIAN V. SIMPSON,
Fire Department Bldg,
Rockville, Md. Pc. 2-3995
AUSTIN B. ROHRBAUGH,
Receiver
CO James c. Christopher,
Attorney
7401 Wisconsin Avenue
Bethesda IA, Maryland 4t-3779
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
Law Offices
Conroy, Williams, Nylen and
Gilmore
1920 K Street, NV.
Washington, D. c.
Trustees Sale

VI NdIuaDie, improved Real ES-
tate, located i'm Montgomery
County, Maryland, improved by
premises known as 1904 Dilston
Road, Silver Spring, Maryland
My virtue of the power and au-
thority contained in a Deed of
Trust from Louis w. Stoltz, Jr.
and Helen M. Stoltz, his wife, to
the undersigned Trustees dated
the 18th day of March 1854 and
recorded among the Land Records
of Montgomery County, Maryland
in Liber 1910 Folio 1913 and at the
request of the parties secured
thereby, default having occurred
in the terms and conditions there.
of, the undersigned Trustees
named in said Deed of Trust will
sell at public auction in front of
of the Court House Door in the
Town of Rockville, Maryland fac.
ing on f. Montgomery Street on
WEDNESDAY,, OCT. is, 1857
AT 10:45 A. Nj.
all that property in said Deed of
Trust described as follows:
Lot numbered Sixteen Q6) in
Block numbered Seven ca in the
subdivision known as "OakvieW"
as per plat recorded in Plat Book
No. 43, Plat No. 1856 among the
Land Records of Montgomery
County, Maryland.
The property is improved by
one story brick dwelling with six
rooms, one bath and full base.
ment.
TERMS OF SALE
A cash deposit of ten per cent
of the purchase price will be re-
quired at the time of sale. The
balance in cash, with interest at
six per centum per annum from
the date of sale to the date of
payment payable within two days
after final ratification of sale.
Adjustments on all taxes, public
charges and special or regular as.
sessments will be made as of the
date of sale and thereafter be as
sumed by the purchaser. Title ex-
animation, conveyancing, State
and Federal revenue stamps and
all other costs incident to settle
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
Legal Advertisement

ment are to be paid by the pur.
chaser
Compliance with terms of sale
shall be made within two days
after final ratification Of sale or
deposit shall be forfeited and the
property resold at the risk and
cost of the defauItant purchaser.
The property will be sold subject
to prior encumbrance, the terms
and conditions of which will be
announced at the time of sale.
MERTON I. herman,
MORRIS d. SCHWARTZ,
Trustees. 1850
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
Legal Advertisement

Equity ordered that the Petitioner
by causing copy of this Order
to be inserted in some newspaper
published in Montgomery Coun-
ty, Maryland, once a week for
four az successive weeks before
the 18th day of October, 1857,
give notice to the said Lawrence
Patrick O'Keefe, Jr., of the OBJ
ject and substance of this Peti-
ton and warn him to appear
in this Court in person or by
solicitor on or before the 31st
day of October, 1857, to show
cause, if any he has, why de-
cree ought not to be passed as
prayed.
KATHRYN ]. LAWLOR
Judge of Circuit Court
for Montgomery County,
Maryland
True Copy-Test:
CLAYTON K. WATKINS
Clerk
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1957-09-19
Notice of Hearing

Notice is hereby given that the
County Council for Montgomery
County, Maryland, will conduct
a public hearing on a proposed
Ordinance to make illegal the
parking of motor vehicle in
such a manner as to prevent the
parking or exit of another motor
vehicle, and to provide for the
impeachment of a vehicle so
parked; in the County Council
Hearing Room, County Office
Building, Rockville, Maryland,
AT 900 PM.
ON OCTOBER 8, 1857
WILLIAM B. MCKINNEY,
Clerk, County Council for
Montgomery County, Md.
1t-3772