davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12

esearcn 4nstltute OF Americal
Am I out of luck on getting the
retirement income credit?
A. Probably not. If your hus-
band were alive and If he would
have qualified for the credit -
because he had received over
$500 year of earned income in
each Of 10 years-then you are
considered to qualify on the basis
of his earnings. This is allowed
for a widow or widower who has
not remarked.
Example Offered
@. I am Sc years old and
qualified by previous earnings in
10 years for the retirement in
come credit. In 1856 I received
$500 Of dividends over my $50
dividend exclusion; $500 Of tax
free Social Security pension:
$500 Of gross rental income and
I also earned $500 in a part
time job. How do I figure my
retirement income credit?
A. Your retirement incom G
consists Of $500 in dividends and
$500 Of rent income, a total oil
81 300. The retirement ceiling is
$1,000, SO you have the maximum
$1,000 to start with. But you
must reduce this by your $500
OF Social Security payments. And
because your $500 earnings ex-
ceeded the $1,000 limit on earn
IingS for a person between IS and
~ years Of age. you also must
subtract another $500. This $500
reduction cuts your income to
$500. You get a retirement in
come credit equal to 20To of
$500. or $50. You can therefore
cut your actual tax bill by $50
@. ] worked and earned more
than $500 a year for 10 years
before ! was married. married
at the age of IS and I haven't
worked for the last 80 years. Do
I qualify for the retirement in
come credit?
A. Yes. There is no time limit
on when you had those 10 years
OF earnings A person who is old
enough may even be able to use
earnings in pre-1900 years to
establish qualification for the
credit.
Ard remember-the 10 years
don't have to be consecutive.
Self Employed
@. I have always been in bust
ness for myself and have never
worked for an employer. Am ]
barred from retirement income
credit because I have no earned
income?
A. No. Earned income is not
limited to wages and salary. II
you are in trade or business in
which both personal services and
capital are material income-pro-
Iducing factors. you can consider
80 per cent of the net profits as
earned income. II your business
requires a minimum Of capital
say you're a plumber or painter
the entire income can be con-
sidered earned income.
@. I have run q small roomine
house for the past IS years. Is
any part Of the rent income con-
Isidered to be earned income for
purposes Of qualifying for the
retirement income credit?
A. Yes. II you performed per-
sonal services in connection with
the premises and your service:
are a material factor in produc.
ing the rent-as / assume They
are-you can consider 80 pei
cent OF the gross rents as earned
income. But don't forget that II
your retirement income in 1856
also consisted Of such rent, you
can treat only 10 per cent Of the
1856 gross rents as retirement
income. The other 80 per cent i.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12
Suburban Trust Declares
Quarterly of 37l9 Cents

Directors of Suburban Trust
Co. have declared a regular quar-
terly dividend of 371a cents a
share. Board Chairman T. How
ard Duckett announced today.
The dividend will be paid April
to holders of record March 10
and will maintain the annual
rate of $3.50 a share or Is per
cent. 1t represents a total dis
tribution of $4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12
FOREIGN EXCHANGE

NEW YORK. Mar. 12 R).-Foreign
exchange rates follow, Great Britain In
dollars others in cents Unchanged un.
less otherwise notedl
market 4s3fSs per cent premium Of
l04.Tlx q, 8. cents up |. OF a cent.
Europe: Great Britain (poundl 81. 79ll
on IL. 30-day futures. 27gss. of i TO-
s d1y futures Tss 29s on ao-ds ;y.I FL
;e9ss. on .00ls; France (francl .2sSs
OF q cent; Germany (Western) tDeutschs
mark 1850; Holland tsuilderl 26l3i
Italy tliral ai6E Of gent. Portugal
switzerland drancl tree 1892. Den.
mark tkrone) 1880.
Latin America: Argentina tfreel go;
Brazil ireO % Mexico sol, Vene-
Far East Honk Kong dollar 1888.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12

treated as earned income which
lean actually reduce your retire.
|ment income. So while this 80
per cent rule may help you Id
finding enough income to qualify.
lit also cuts down your retire-
ment income If you do qualify.
Remember. Clip and Ssvel 70
morrow. concluding Tax-Savings
Column No. XXI.
tcopyright 1857, Hall Syndicate, Incl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12

The company operated 354 mar
kets in nine Eastern States. the
District of Columbia ana Can
ada at the years close. 1t oper-
ates Food Fair Supermarkets
here.
The company now is con-
structing l6 new markets in
New York, New Jersey. Con-
necticut and Vermont and ali
are to be open by November, he
added. Leases and plans for an
additional % are on the draw
ing board.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12
Grand Union Sales Set
New Record in Year

Sales OF Grand Union Co. set
a new record Of $374,l32 .O49 in
the year ended March 2. a gain
of 1928 per cent from 1888 .003,-
l66 in the preceding fiscal Pc
riod. President Lansing p.
Shields reported in New York
today.
A major factor in the sales
rise was the opening of 20 new
markets. the acquisition OF IA
others, the enlargement of S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12
Swensrud to Retire

PITTSBURGH, Mar. IL (R.-
Sidney A. Swensrud. board chair
man Of Gulf Oil Corp. since
1858, said yesterday he plans to
retire April %. 1857, "the end
of the present corporate year."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12

feel should be made by a staff
Of full-time experts, working in
cooperation with the executive
branch of the Government and
with appropriate committees of
Congress" he declared.
The major purpose of the
present measure is to remove
obsolete provisions from the
statutes and add new authority
where needed to meet modern
day conditions, he added. Exten-
siye hearings before drafting of
the measure brought some con-
troversial issues to the fore, but
Senator Robertson took pains to
explain these did not find their
way into the final draft.
Majority LIE der johnson,
Democrat of Texas, said he
hoped the bill could be passed
and sent to the House after two
or three days of debate.
Preferred Bank Shares
Proposed for Expansion
Outlining some highlights Of
the bill, Senator Robertson de-
clared:
"(D We would make it easier
for banks to obtain capital
needed for expansion by per-
hitting them to issue preferred
stock when approved by the
Controller of the Currency.
"(2) We would simplify bank
reports and make reporting re-
quirements more uniform as APP
piled to national banks and to
Federal Reserve Member banks.
"t3) We would permit banks
to respond more readily to the
needs of modern business by
allowing them to make loans on
frozen foods. dairy cattle, con-
sumner installment paper, con-
struction loans and working
capital loans where the chief
security is the general credit of
q going concern rather than a
mortgage on its real property.
Restrictive Provisions
OF Measure Listed
ION the restrictive side:
I'D We have strengthened
conflict of interest" provisions
by authorizing agencies to regu-
late the acceptance Of jobs by
former employees with institu-
tons they have supervised.
"(2) We would require dis
closures Of bank stock ownership.
"t3) We have provided stricter
rules for removal Of officers and
directors Of banks and savings
and loan associations whose per-
Torrance is subject to criticism
"(H We would prohibit an
institution from representing
itself as a bank unless authorized
by law to do so.
"(5) We would require annual
audits of the Federal Reserve
Board and examination Of Fed
eral Reserve banks. with reports
made to the Banking and Cur
rency Committees Of the Senate
and House.
"(6) We would take away
from Federal Reserve Banks the
rarely used privilege Of making
industrial and commercial loans
and permit return to the United
States Treasury Of the SITS
million advanced to them for
that purpose.
"(7 We would restrict es-
Enlistment of branches by Fed
savings and loan associations to
States where that privilege is
given to State savings and loan
associations and mutual savings
banks.
"(8) We would provide for
regulation of savings and loan
holding companies, In line with
action by the Congress last year
in passing a bank holding COM
pany bill.
800 We would require annual
audits of credit unions"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12
'3 s BUSINESS
No Big Changes Included
In Bill, Robertson Soys
BY DONALD B. HADLEY

The Robertson bill Tor sreamlnng Of the Nations financial
laws came up for debate in the Senate today
senator Robertson Democrat of Virginia. emphasized 1t
includes no radical changes highly controversial
I'VE have left these problems to be considered study
such the President has recommended personav
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-12
MUTUAL FUNDS

NEW YORK, Mar. IL R,.--National
Association Securities Dealers, Inc.
moon 0uotationsl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
Morciono Will Donate
TV Fee to Help Louis

worlds also would appear on a
show and donate their fees to
Louis.
Marciano knocked out Louis
late in 1851. Rocky went on to
knock out Joe Walcott for the
title in 1852.
Says Louis Deserves Break
II think the Government
should kind of give Louis a
break" Marciano said. People
took advantage of him, maybe.
He hasn't got an enemy in the
world. He's a nice guy. Why, he
told me after knocked him out,
Keep winning and go far ahead
SO / won't be ashamed Of losing
to you"
Rocky, at 900 pounds, about
"a over his best fighting weight,
said he planned to see his for
mer manager. AL WE'LL, in Chi
cago tomorrow ito talk over a
personal appearance schedule"
AS for his long-range plans,
Marciano said. I'm kind of ex-
perimenting. I've had quite a
few offers, public relations. and
even one to do a Joe Palooka-
like series on television. One of
these days within the next few
months I'll hit something I like. {"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
ROseWaII Rallies
To Beat Pancho

ADELAIDE, Australia, Feb. 4
R.-Ken Rosewall of Australia
picked up a little ground in his
professional tennis series with
Pancho Gonzales of Los Angeles
tonight by rallying to beat the
pro champion, 4-6. As. 6-3,
Ct, 6Ll.
Gonzales. however, leads To
in the l00-match series. Most Of
the matches have been close. The
two pros took time out from a
tournament at Sydney to play
here.
The two top-seeded players in
the Sydney tournament, Con-
zales and Frank Sedgman, won
their first-round matches yes
terday.
Gonzales, favorite to take the
first prize of 1000 pounds
(S4,480), defeated Ken Nc
Gregor Of Australia, 6-l. 60,
3-6. Us. He will meet Pancho
Segura in the semifinals Friday
night.
Sedgman scored 6-3. ST,
Ga, ga victory over Dinny
Pals. balding 36-year-old fellow
Australian.
Sedpman will meet Rosewall in
the other semifinal Thursday in
the match Australians have been
anticipating since Ken turned
pro after the Davis Cup chal-
lenge round. When they last
met as amateurs Rosewall was
q mere lad.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
Hawks Gain Tie
With IF. Wayne
For First Place
BY the Associated Press

The resurgent st. Louis
Hawks. cellar-dwellers in the
Western Division of the National
Basketball Association only a
few weeks ago, are flying high
today after a successful week.
end sweep.
The Hawks, who have had
three coaches this season, are
tied with the Fort Wayne Pistons
for first place. st. Louis turned
back Minneapolis yesterday, 1922
IS, after beating the Lakers,
l06-97. in a nationally televised
game Saturday.
Meanwhile, Fort Wayne bowed
twice, losing to Rochester, 1919,
Saturday. and Syracuse, 104-95,
yesterday. The Hawks and the
Pistons have identical 24-25
won-lost records.
The Boston Celtics, Eastern
Division leaders. enjoyed prof
liable week end at the expense
Iof New York. whipping the
Knicks twice. Boston won 1868
yesterday and HALL Saturday
to maintain its seven-game adj
vantage over runnerup Philadel-
phia. The Warriors edged the
Royals, no yesterday to fol-
low up their 107-100 Saturday
success over Syracuse.
With Alex Hannum now at
the Hawks helm after taking
over for Slater Martin, st. Louis
handed the Lakers their eighth
straight setback yesterday. Bob
Petit. the leagues top scorer,
provided the impetus with 81
points.
Syracuse, in tripping Fort
Wayne, moved to within a half
game of third-place New York
in the Eastern section. The
Mats broke a 92-all deadlock
with two minutes left on Johnny
Kerr's tap-in and then outscored
the Pistons 1913 the rest of the
way. Fort Wayne's George Yard
ley headed the scoring parade
with 80 points.
Bill Sharman's 33-point out
put powered the Celts to their
easy victory over the Knicks yes
terday. Boston, which played
without Bob Cousy for three
periods, rolled to a l5-point
halftime lead. Cousy, who in
jured a leg muscle Saturday
night. scored five points while
playing part of the fourth
period.
Neil JohnSton's basket with l9
seconds left gave Philadelphia
its victory over Rochester.
Johnston wound up with 81
points and teammate Paul Arizin
Clipped in with %.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
Patty Berg Ties
54-HoIe Record

HAVANA. Feb. 4 (P.-Cali-
fornia or Cuba--it makes little
difference to Patty Berg where
She makes golf records.
The st. Andrews. ILL.,. redhead
set a women's 54-hold record of
210 in Richmond. Calf. in 1852.
Yesterday she tied that record
in winning the Havana Biitmore
|54-Hole Women's Invitational
Best-Ball tourney.
Patty's 6-under-par perform
ance brought her $3.50 first-prize
money. In second place with 213
was Betty Dodd of Louisville, KY,
winner of $616. A PA earned
Mickey Wright Of San Diego
third place and 1923. The de-
Tending champion. Louise Suggs
Of Sea Island. Ga. tied for fourth
at PIT with Betty Jameson of
San Antonio. Tex. and Wife
Smith of Orange, Tex. Each re-
ceived 1914.
Other money winners were
Betsy Rawls. Spartansburg. S. s.,
and Marilyn Smith, Wichita
Kans.. SPAS each: Fay Croker
Uruguay, and Mary Lena Faux,
Thomasville. Ga. $l65 each;
Marlene Bauer. Delray Beach,
Fla, and 10 Ann Prentice. Bir-
Imingham, Ala, $121 each: Kathy
Cornelius, Lake Worth, Fla, and
Joyce ziske. Waterford. Wis. sos
each. and Betty Bush. West Palm
Beach. Fla, $88.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04

KENOSHA. Wis. Feb. 4 (P.-
Rocky Marciano said something
old and something new last
night. He reiterated that he has
retired from the ring for good
and announced he'll donate a
$4,000 television fee toward
settling Joe Louis huge Federal
income tax debt.
The 33-year-old son of a
Brockton. Mass. shoemaker, who
retired as undefeated heavy
weight champion last April, said
no one has made him "a con-
crete offer" to come out of
retirement and that 1T wouldn't
make any difference If they did,"
Writers Disappoint Him
Feted at the fourth annual
Holy Name sports night in the
Holy Rosary School by crowd
of more than 900. Marciano
said. II know I did the right
thing" in retiring.
Before the affair. at which he
received a plaque, Marciano said
he had been approached by a
national magazine and offered
big money" for exclusive rights
to his story-if he decided to
fight again.
II told them to save it," he
said at an informal press confer
ence. i've got a good word if
l do say so myself and l don't
plan to go back on it. I don't
understand it, Even the sports
writer's don't believe me when I
say my plans haven't changed
Why. my sister even called me to
find out if / meant IT,"
Marciano told the crowd. 1--WE
been approached by a Nv pro-
gram. What's My Line, and Of
fered $4,000 tax free to appear
for Louis and I'm going to do it. y
Rocky said he understood
other well-known personalities
in the sports and entertainment
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
Lions Will Rest
After Tomorrow

The battered Lions face the
Ramblers in Philadelphia tomor.
row night and then get a much-
needed weeks rest before hitting
the road for three more games.
Resting in last place in the
Eastern Hockey League stand
ings and owning an eight-game
losing streak, the Lions get back
to the more desirable environ
ment of home ice a week from
Saturday. They have had to give
up Uline Arena to the Ice Ca
pades for its annual two-week
stand.
The dislike for travel on the
part of the Lions is understand
able when one considers their
road record-2-19. At home they
have a 1921 mark. They are
two full games behind fifth
place Clinton, which beat them,
8-5, Saturday night in Clinton.
NEW HAVEN, Conn, Feb. 4
R.-The Blades ran up their
highest score of the season on
home ice last night as they wall
lopted the Clinton Comets, 10-1,
in an Eastern Hockey League
game.
Claude Boileau, with three
goals and two assists, led the
Blades offensive, while George
Gougie scored twice.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
50 Boxers Enter
I'd Army Tourney
Starting Tomorrow

More than so eager boxers
from 10 military installations
will compete in the 1857 I'd
Army boxing championships
starting at 8 pm. tomorrow at
Fort Belvoir's Wells Field House.
AS preliminary to the tour
nament, which will continue
nightly throughout this week,
the host installation will enter
tain the visiting boxers at a
banquet tonight at the MOO
Club.
Fort Eustis. defending cham
pion. again will have a full and
able squad OH hand. while others
with representation are Fort
Lee, Fort Knox ky, Fort
Meade. Pennsylvania Military
District from Indiantown Gap,
Aberdeen Proving Grounds, the
Tobyhanna Signal Depot from
Scranton, Pa; the Ohio Military
District from Fort Hayes, and
Belvoir.
Champions of each weight d.
vision will represent the I'd Army
in the All-Army championships
March 3-8 at Fort Campbell, KY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
BOWLING
WITH ROD THOMAS

frame, he'd have finished well
down in the payoff. AS it was,
he landed only one stick from
third with 622-36-658. A 164
highlighted his series.
Only woman to make the
prize list was Phyllis Jones who
tied for 18th at 42-634.
With IA awards guaranteed
81 were issued. Other winners
were: Ed Cleary. 1852; 1. H
Prather, 48-645; Bill Wrestling,
1852; Charley Evans, 15-
Gal; Arthur Freitag, 1874;
Fred Murphy, 21-640; Norman
Titus, 24-640; Ray Fisher, So
GAO; Frank Mischou, 63-637;
Bob Hynek. 24-636; Jack Moul-
ton, 3l-634; Johnny Parke,
30-633: Jack Powell, 1851;
Joe D. Giulian, jr., 54-631; Jo-
seph Stubs. $3.50; Milton
Mendelson, 1880. gorge
Perry, jr., 154, and Bob Mayhem
COL, got the consolation awards
+ 4
Washington bowlers came
away almost empty handed from
the Ida Simmons and Norman
Levy Opens over the week end
at Norfolk, Va. Lyn Kuczek
with third in the Simmons
saved the Capital from a shut
out. She shot 731 for six games
Lorraine GULL was fifth, but out
of the money in a field of "a.
There were 10 Washington en-
trants.
John Gaise of Baltimore won
the Levy with $40 for seven
games.
With a 1904 series, including
a 1893 handicap, the Con- Brio
team is on top in the Washing
ton Tenpin Association cham
pionships at the Lucky Strike
after the opening week end. Cas-
Piscula paced the Greater Wash
ington Major League team at
562, followed by Lack LaBonte,
$40; George Ray. 522; Lee Wood
bury, 542, and Johnny Schupp
545.
Giant Food Stores came next
at 237-3,043, followed by Tee
Recs. 29S-2,960; Power One Hour
Cleaners. 264-2,950; Cozy Corner
504-2,938; c. w. Smith Engi-
neering. l77-2,930: Clippers. 225-
1922; MATS Headquarters, 306-
2.915.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
Ed Roush Retuins
Batting Power at 63

SARASOTA. Fla, Feb. 4 tP).
Time has Slapped little strength
from the arms and shoulders OF
Ed Roush. who won the Ma
tional League batting title 40
years ago.
In an informal exhibition
played by old-timers and several
stars of the present day to wind
up a clinic for kids. Roush
slammed two doubles, cleaning
the bases with one. Then he
banged out a 360-foot drive
which Heinie Manush snagged
with. a sensational catch.
Roush. who'll be Ga in May,
won the batting title while play
ing with Cincinnati in 1917. He
repeated two years later. Ma
nush, SIS. was the American
League top hitter in 1925 while
playing with Detroit.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
Top Area Scorer
+ aces Unbeafen
Parker-Gray

1t will be a case of a top all
around basketball team VS.. a
team with the top area scorer
when Parker-Gray meets Fair
mont Heights at 7:45 o'clock to-
night in Alexandria.
The Bulldogs have built UP a
24-game winning streak, with Is
coming this year. Fairmont
Heights. led by Ducie Smith and
his 3l-point average for 10
games. has compiled a SIS
record.
In the only other games OPEN
ing this weeks competition to-
day. Loudoun County travels to
OSbourn and Manassas Regional
plays at Johnson Williams.
Tomorrow a full slate of games
in the Interhigh League will be
headed by an East Division clash
between Anacostia and Arm
strong in the second game Of a
double-header at Tech.
Armstrong leads its division
with an 80 record, while Ana
costa, GO. hopes to tighten UP
the race with an upset victory.
Dunbar. tied for the West Di-
vision lead with Cardozo with I'll
records. meets Western. ga, in
the opener at Tech. Cardozo OPP
poses winless Bell at Roosevelt
Nearby Maryland action will
be highlighted by unbeaten
Gaithersburg, which will be seek
ing its 10th victory at Walter
johnson.
Virginia's George Washington
will travel TO Falls Church for a
Northern Virginia Group / game.
Falls Church will be carrying
a five-game winning streak into
the game with the league leaders.
CIV. with an 1l-game winning
streak of its own. now stands at
ILL In Group II competition
that will not count in league
standings. Rappahannock travels
to George Mason.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
Baltimore Players
Win a Titles in
Budminton Here

Clint Stephens and Bunky
Roche of Baltimore won the
mems doubles title yesterday in
the l4th annual National Cap
ital Open Badminton tourna-
ment at st. Adams school with
a 1874. 1876 victory over Pete
Ferguson and Jim Carnwath of
Toronto in the finals.
The mems singles title went
to Ferguson, who defeated earn
wath. 1879, ISL.
In the women's division, top
ranked Judy Devlin of Baltimore
won the singles by defeating
Margaret Warner of Boston, lie,
ll-3. Judy and her sister. Sue,
teamed up to win the doubles,
10-15, 1913, 1876 from Miss
Warner and Dot O'Neil of New
Haven, Conn. The mike d
doubles title went to Roche and
Judy Devlin as they defeated
MIR. and Mrs. Clint Stephens,
1879, 1910.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-02-04
Tor Heels to PIuy
Seven ACC Rivals,
Navy, Miumi, Vols

CHAPEL HILL, N. c., Febru-
airy 4 tP.-Three new opponents,
Navy, Miami and Clemson, APP
pear on North Cardinals 1857
football schedule announced to-
day by the school athletic di-
rector, c. P. Chuck Erickson.
The newcomers replace Notre
Dame. Oklahoma and Georgia.
Erickson said Notre Dame will
return to the Tar Heels schedule
in 1868.
The l0-game card includes
games with all seven of North
Carolina's Atlantic Coast Con-
ference rivals. The other outside
game for the Tar Heels is against
Tennessee. a traditional oppo-
nent.
The 1857 campaign will mark
the second year for Jim Tatum
as head coach. North Carolina S
1855 record was 0-i0 after nine
games were ordered forfeited be-
cause the school inadvertently
used an ineligible player. The
10th game, against Duke. was a
defeat.
The schedule:
September 81. North Carolina state;
IS Clemson
Octboer 8 Navy: II at Miami nignn
10 at Maryland % al Wake Forest
November :, Tennessee y, South Car
pinia