davidaulloa/AmericanStories huggingface dataset:
Evening star., 1957-12-29
YOUR
MONEYS WORTH
Toming the Cycle
~ SYLVIA PORTER

Have we conquered the BOOM
bust cycle? Abviously, we have
not.
For the 25th time In the past
100 years. we are going through
what the economists ponder
ously call q "cyclical economic
fiuctuation" In our
words, q period when business
Is declining and joblessness Is
rising after q period when busi-
ness doomed and employment
climbed.
Have we learned how to tame
Ito moderate-the boom bust
cycle. though?
Yes. I think we have. Al
though we're ending 1857 on
the downbeat. II we use our
heads and choose our anti
recession weapons sensibly, We
should end 1858 on the upbeat.
| Although we're starting the
new year under a cloud of
minus signs. plenty Of plus
signs already are on the eco
nomic horizon.
And although 1t has now be-
come the popular thing to be
grim about business In 1858.
some leading economists are
starting to be optimistic.
Seasons Listed
What makes me so sure that
We have learned how TO tame
the business cycle? l could give
you a long list Of reasons, but
I'll pick out just some OF the
big ones which are persuasive
to me.
First. we have the determine
ton not to let a serious de-
preston ever happen here
again--and ! name this reason
first because the great crash Of
the sos wouldn't have hap
pened II we hadn't let 1t hap
pen.
Now We have on our books
q law which specifically places
on the Government the re-
sponsibility to do its utmost
to maintain maximum produc-
ton and employment-and the
Employment Act Of 1916 will
be making lots Of headlines in
1858. Now we will not hesitate
to insist on steps to keep the
economy operating and ex-
panding at a high level. Our
very attitude toward q business
decline is q weapon against It.
Second. we have "built in
an arsenal Of economic sta
bilizers and these begin operat-
ing the instant q downturn
develops.
For instance, there is our
system Of unemployment In
Evening star., 1957-12-29

surance. old-aee BENEFITS. etc.
In November wages and sal-
aries dropped 81 billion. reflect
ing rising unemployment and q
shortening workweek. But per-
sonal incomes fell by only $500
million-because the drop in
wages and salaries was offset
by higher jobless benefits by
old-age benefits. veterans COM
pensation.
There Is our system Of bank
deposit insurance. guaranteeing
US against q bank panic. There
are farm price supports. mort
gage insurance. retirement pro-
grams. many other stabilizer,
to cushion a downturn.
FRS Powers Cited
Third. there Is the fact thai
our Federal Reserve System
can stimulate the economy By
making loans easy to get. just
as 1t can curb a boom by max
ing money tight and expensive
Fourth. there Is our knowl.
edge that the Government'l
budget can help stimulate tht
economy when it's in the red
Fifth. there is the tremen.
dous backlog Of public work.
which can be launched Il
times get tougher. And sixth
there is the fact that Congress:
can cut taxes and release bill.
lions II this move is needed.
We have not abolished the
business cycle. We probably
can't ever achieve an econom,
which goes up in a straight
line and never slips.
But we have tanned it witt
marked success since 1898.
think Wen do 1t again in 1858
Distributed 1857 By The Hall syndi
| cate. Inc. All Rlehts Reserved
Evening star., 1957-12-29
KIuge Is Elected
To Head Capital
Food Brokers

John Kluge. president Of
Kluge & Co.. was elected presi-
dent Of the Washington Food
Brokers Association at the an
nual meeting last night. He
succeeds Herb Earle.
Irwin Cook of the Harry B.
Cook Co.. was elected first vice
president and Peter Grogan
was named second vice presi-
dent.
Brady Phillips became secre-
tary and Ed Harris was named
treasurer.
Elected to the board Of di-
rectors we're: Nelson Barnett.
Conrad Stoneburner. James
OReilly and Kermit Shriver.
Evening star., 1957-12-29
Yeur-End Bonus Paid

Washington Fish Exchange.
Inc. has paid a year-end bonus
to all employees. General Man
ager William S. Eacho, Jr.. an
nounced.. Edward p. Hadley
received an extra bonus for the
largest tonnage increase in
seafood sales in the year.
Evening star., 1957-12-29

tUnit Of trading 10 shares or sales In tull Rates
of dividends In the toregoinG table are annual dis
euTsemsnts essed on he last quarterly semi annual
dselaranon ualsss Otherwise acted special OF extra
Annual rate ples stock DIVIDEND Declared or paid
N 1851 plus stock dividend. PAD last year Pay.
able N siocA durlne 1857. estimated cash value on
exdlvidend oF ex-dlstrbuiion date Declared paid
dend or spitup Declared or paid this year, an
as ssas s,s.s ssss wn Svesa1, n a. assr pa6
G e a.. d.vdsad mes'inf Dseisrsd O. cad IN tsss
estimated cash value on exdivdend redistribution
date: yL4quidafing dividend. cid Called Ex divi.
dend. KIDS II distribution. II Ex riehts With
oet warrants wv With warrants wd When distributed
VI whrn ISSUED nd Next daS delivery In bankrupieS
% feceivershtp being reornanxed under the Bank
rupey Act. OF securities assumed b. such companies
Evening star., 1957-12-29
MUTUAL FUNDS

NEW YORK. Dec 2s R.-NationAl
Association Securities Dealers, Inc.
Evening star., 1957-12-29
COMMODITY PRICES

NEW YORK. Dec. ~ M.--rhs Asso-
.noSities osht sS rose This E week 70 70 iSeSo from
10D. So q week ago, For the corre-
spondine week in 1855, It Was 1s4 40.
'igher were industrials. livestock,
textile. sona snd ma a,siSs ana
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-08
Inland magic Touch" Handi-StOr !,
ICE CUBE TRAYS
AND ICE CHEST
lbs

PIoce the "ooc Touch troys top of the insulated
chest Touch the lever and the ice cubes pour down
into the chest Put the lid beck the chest-ond you
have royfus Of ice cubes stored hondy olWoys reody
for use Set includes Stor troys and ice chest
VGL-tousewores LIST Floor, North Building
. Chevy Chose Corners ond AIeSondro
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-29
U. S. Lag in Missiles
Shocking to Kefouver
By the Associated Press

Senator Kefauver. Democrat
Of Tennessee, said today three
days Of testimony on the status
of the United States missiles
program shows the situation
sis worse than I thought it
was"
Senator Kefauver. q member
Of the Senate Preparedness
Subcommittee conducting the
missles-satellite probe. said in
an interview the testimony by
defense officials, intelligence
specialists and scientists added
up to shocking evidence of
how the country has gotten be-
hind" Russia in certain scien-
tif1c-military fields.
But the Tennessean said
"the picture is not hopeless"
adding:
We've got to give more
money and attention to mis-
Siles. satellites and scientific
development and education.
We can catch up and get ahead
If we only put our will to It,"
Refuses to Elaborate
In saying testimony showed
the United States missile posi-
ton in relation to Russia is
worse than he thought 1t was,
Senator Kefauver refused to
60 into detail.
Other subcommittee mem
bers who sat in on a closed
door intelligence briefing
Wednesday said afterward they
heard a sad and shocking"
story on Russian military
scientific progress. The brief
ing was given by Allen Dulles,
chief of the Central Intelligence
Agency.
These Senators, too, declined
to say just what they learned
from the CHA chief. But it was
reported last night that the
subcommittee was told Russia
now has a few submarines, pos
sibly four, capable of firing a
missile with a nuclear warhead
up to 100000 miles. Other YES
sells in Russia's sub fleet, esti-
mated at about $50 vessels,
were reported being readied for
such missile equipment.
One informant said the re-
ported Soviet sub-missile capa-
bility means they are practi-
cally in a position to wipe out
any major city on the Eastern
seaboard." He did not say,
however, that any Of the Rus
sian subs now are stationed
within missile range of the East
Coast.
Submerged Launchings
The CHA was quoted by one
source as reporting the Russian
subs could launc h missiles
while still submerged. The
weapons were described as Of
the cruise" type-presumably
a guided missile slower than a
ballistic missile.
The United States Navy has a
small number of submarines
equipped with the Regulus, a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-29

subsonic missile capable Of
carrying q nuclear warhead ur
to about 800 miles.
In addition, the Navy is de-
veloping the Polaris, an Inter-
mediate Range Ballistic Missile
designed to be fired from be-
meath the surface of the ocean
However, development of the
Polaris has been described as
being behind that of the Army's
Jupiter IRBM and the Air
Forces Thor. IRBMs have a
planned range Of up to 1900
miles.
Secretary of Defense McElroy
announced Wednesday that Or
ders had been issued for pro-
duction Of the Jupiter and Thor
He did this while testifying be-
fore the subcommittee which
later recessed its hearings until
December Is. This decision ap-
peared to have resolved an
Army-Air Force rivalry. Both
services had sought to gain &C.
ceptance of their own missiles
Senator Kefauver said he
was encouraged by Mr.. Nc
Elroy's announcement, but he
said the action should have
been taken "a long time ago."
Quarles Statement Disputed
The Tennessee Senator dis
puted a statement by Donald
A. Quarles., Deputy Secretary
of Defense, that the United
States is running "neck-and-
neck" with Russia in develop
ing an intercontinental baAistic
missile. Such a rocket is de-
signed to reach targets up to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-29
Red Recruiting
In Science Told

PHILADELPHIA. Nov. az
B.-Soviet Russia dug deep
and fast and without scruples
to strip Germany Of scientists
and technicians after the last
war. a former United States
commandant Of the Berlin Al
lied Command told the Senate
Internal Security Subcommit-
tee today.
This digging deep by the
Soviet Union extended down
into electrical workers in the
factory, foremen and super
visors." said retired Brig. Gen.
Frank L. Howley, now vice
president Of New York Uni
versity.
Frequently, people were
seized on the basis which we
would consider forced labor,
and complaints were registered
by the West against such seiz-
ures, Of course. to no avail"
Gen. Howley himself was I'M
able to be present at the SUBJ
committees hearings here to-
day on charges Of Soviet kid
mapping of scientists to speed its
missiles program. A written
statement by him was released
by Subcommittee Counsel Rob-
ert Morris.
Eleven witnesses were slated
to testify during the day. Sen
ator Hruska, Republican of Ne
braska, is presiding.
Gen. Howley said a limited
number Of top German scien-
fists in West Germany were in
vited to come to the United
States-among them the guided
missile expert Wernher Won
Braun. He emphasized that
they were restricted to top
layer men only, that none Of
them were Nazis or former
Nazis and that all came Of
their own volition.
Stressing speed with which
scientists were seized at Peen-
nemuende on the Baltic, a
guided missile research center,
Gen. Howley commented:
1--WE of the West never saw
any of those scientists. They
were overrun by Russian troops,
seized Immediately and sent of
to work on things which I'M
doubtedly contributed to the
present Sputniks and advances
of the Soviet Union"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-29

o,UUO miles from 1tS LAUNCHING
site. Mr.. Quarles also told the
subcommittee that "as q whole,
las Of today" the overall Unit
led States missile program is
ahead Of Russia.
The United States. Senator
Kefauver said. is two years
behind Russia in both the
IRBM and ICBM programs.
In announcing the produc-
ton go-ahead for the Jupiter
and Thor rockets. Mr.. McElroy
said. 1T is now clear that while
neither Of the missiles can be
regarded as having completed
its development phase they
are both at a point at which
we believe we can program
additional production for oper-
ational purposes
Bases in Range of Russia
The defense chief said that
by making use Of available pro-
duction capacity IAN opera
tional capability can be
achieved by the end Of 1858 in
the United Kingdom" Ameri-
can officials hope to emplace
IRBMs in other countries as
well after arrangements are
worked out. Such European
bases would be within IRBM
range Of Russia.
Vice President Nixon told
newsmen President Eisenhower,
who was stricken Monday with
a slight stroke, had made q
tentative decision to order the
Jupiter and Thor into produce
ton. Mr.. Nixon said a group of
eight officials made the decision
final.
In another action aimed at
speeding missile work, Mr.. Nc
Elroy was reported by officials
to have ordered resumption of
overtime pay for work on the
Thor and two Air Force ICBMs,
the Atlas and the Titan. Both
ICBMs still are In the develop
ment stage.
An Air Force spokesman said
the Douglas Aircraft Co. has
been engaged for some time in
limited production of the Thor.
Fund Request Due
Army sources said produc-
ton facilities at the Redstone
Arsenal near Huntsville, Ala,
would be used to meet early
requirements for the Jupiter,
with production activities grad
ually shifting to the Chrysler
Corp. plant in Warren, Mich.
This plant now makes the
shorter range Redstone rocket.
Mr.. McElroy said whatever
new money will be needed to
speed production of the IRBMs
will be requested from Con-
greSs when it reconvenes IN
January.
Before the hearing recessed
late Wednesday night. subcom-
mittee Chairman Lyndon B.
johnson, Democrat of Texas,
said the order to produce both
the Thor and the Jupiter made
it clear Mr.. McElroy is the
real car" in the missiles pro-
gram and that he has the
power of decision"
Senator johnson said M.
McElroy announced other de-
cisions to come, adding: II
hope they will come Just as
soon as possible"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-29
|Musons Will Meet

A special convocation of the
Grand Chapter of Royal Arch
Masons of the District will be
held at 1880 pm. tomorrow at
the Masonic Temple, 801 Thir-
tenth street NV. The Royal
Arch degree will be conferred
upon the fall class of candi-
dates.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28

are located in 81 States, AZ
well as the District. Alaska,
Hawaii and Puerto Rico.
Many Go Ahead
Nearly all these localities, I"
Mr.. Cole said, "were prompted
to develop comprehensive local
workable programs in order
to qualify for Federal urban
renewal aid and nearly all OF
them are going ahead with
specific projects for the re-
development or rehabilitation
Of blighted neighborhoods OF
for better housing.
However. the most sienifi-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28

lied community strength. with
strong public backing. IL bring
ing about fundamental and far
reaching changes in urban
standards and local action to
raise them. So we have under
way, q virtual civic revolution
in a growing number Of our
towns and cities"
A workable program" - q
prerequisite for Federal assist
ance in carrying out an urban
renewal program - requires
overall planning for q city's
future: adopting and enforcing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28

cant result Of these programs
is not the Federal aid that has
been extended. It is the extern
Sive and far-reaching unified
local action that has been gem
Grated to bring about q planned
step-by-Step improvement In
the community as q whole.
Sees Major Changes
Most Of these communities
regard their workable programs
today as essential vehicles for
community growth and prog
ress, apart from any Federal
assistance they may request.
This upsurge Of organ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28

modern zoning. housing, and
related codes; analysing rum
down neighborhoods to deter
mine what action is needed ia
eliminate or prevent the spread
OF blight; providing safe. de-
cent and sanitary housing for
families displaced by slim clear
ance or other governmental ac-
ton; establishing an effec-
tive administrative organization
and providing adequate financ-
ing for an urban renewal pro-
gram. and existing citizen sup
port for the program.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28
Cole Sees Planning Aid
Causing Civic Rebirth

A civic revolution" is UNDER
way IN American towns and
cities IS . result Of planning
and action under the National
Housing Act.
In three years, over 800 To-
calities have qualified for Fed
eral assistance in carrying out
urban renewal programs under
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28

the terms Of the workable
program" provisions of the 1854
act, Housing Administrator AL.
bert M. Cole said today.
These localities-cities. towns,
townships and one county
range from the largest cities in
the country to villages Of q
few hundred population. They
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28
Kipp Tells Builders
OF Street Standards

Edward Kipp, Fairfax County
public works director, this week
addressed the first fall mem
bership meeting Of the Home
Builders Association Of Metro
politan Washington on his
county's proposed new stand
ards for street and sewer con-
|struction.
In addition, the meeting in
Arlington Towers heard Ed
Harding, North Carolina hui
[moriRt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28

NEW DEVELOPMENT OPENS is vista
in Racehrook On-the- Potomac, new develop
n1ent opening this week end on George Wash
ington Memorial boulevard at Stratf0rd lane,
z miles south Of Alexandria. The builder is
High Point Construction Co., headed by Neal
Yedlin. The firm has built several thousand
homes, apartments, hotels and shopping CEN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28

DIRECTIONS: Out Shirley HiEhWay I'll EdssH Reed
left 70 and Of Edsan Road then left Bok Lck Read 200 yd
North Springfield; OR Shirley H0hssy Springfield 0lsSgJs
right 900 fee, rattle light then right Beck Lh Red
~ miles 10 North Springfield entrance ssd oIow HsHs - sS
model homes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28
Gomp1rr before
y0u.. buy

We
IN
fully
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-28


family
doveyno
and2
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1957-08-16
On 2Srd Birthday
On aSrd Birthday
ST. PouI's Mayor
Extends Greetings
To The RECORDER

A message from Mayor Joseph
f. Dillon TO the ST. Paul Recorder
this week stated:
1T is a pleasure for me 10 use
this opportunity to express my
greetings and congratulations to
the Saint Paul Recorder on this
23rd anniversary.
Editors, publishers and staff
members are deserving Of com
mended for the enviable journal
istic record they have established
in this community. The Recorder
has on occasion after occasion,
year after year showed visible
evidence Of progress and contri-
buttons to community betterment
and achievement.
Compliments are due all those
engaged In the various phases Of
producing the Recorder. Editors
and writers compile a newspaper
which is readable and reliable
Content is interesting and news
worthy. Then, too. the publica-
ton itself is an outstanding ex-
ample Of fine craftsmanship. II Is
held in high regard in the printing
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1957-08-16

industry. The Recorders appear
ance is fresh and distinctive.
The Saint Paul Recorder, with
each weekly issue stands as test,
mony to achievement. Even in the
most casual reader realizes the
fulnllment Of the Recorders
pledge to render the best possible
service to the community
In its presentation Of the news
the Recorder never loses respect
for the individual reader. In this
manner, the spirit Of the com
munity Is captured and the read
ers rewarded.
THE Recorder extends coverage
which is an accurate accounting Of
current times and trends Nation.
al news and information, state and
local news, community and social
news are all rendered in a most
gracious manner.
"As a reader Of the Recorder,
and as Mayor, congratulate the
Recorder family Of staff members
on % years Of service 10 the com
munity.
Il have every confidence the
Recorder will continue 10 mark
the mile-stones Of progress and
merit the support Of the people Of
the community"
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1957-08-16
PROFIT? WHY?

The engineer doesn't buy his
own locomotive: the office girl
doesn't own her own typewriter;
the metal lathe operator doesn't
buy his own lathe. Most people
individually can't afford TO buy
the big power tools used in pro-
ducing things It takes about n
$4,000 investment for building
space. supplies, power tools and
the rest Of the things a single
factory workman needs on his
job
But millions Of people, by pool
ing their savings, can and do buy
the tools. To-day, upwards Of ten
million Americans own share Of
those tools-Own stock in Ameri-
can business and Industrial cor
poratIons Those people risk their
money they put their dollars to
work, because, naturally, they
want a profit
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1957-08-16
Sen. Thye Praises
ST. Paul RECORDER

In a telegram this week to
Cecil Newman, Senator Edward
Thye CR., Mimi congratulated
the St Paul Recorder editor and
staff on the papers 23rd ami
versary.
Wired Thye:
Sincere congratulation on the
occasion of the 23rd anniver-
sary of the st. Paul Recorder.
You and your fine newspaper
are to be commended, not only
for your excellent news cover
age but also for your sincere
interest in government and
civic affairs. You have helped
make St. Paul and Minnesota
a better place in which to live.
Keep up Che good work
Edward J. Thye,
U. S. Senator,
Washington. D. c.
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1957-08-16

that such statement was not in
good taste coming from the Vice
President OF the United States and
that Nixon was absent from the
floor during most Of the debate
Disapproves Johnson's Attack
Washington then moved into the
fray 10 express disapproval Of
JohnsOn's attack upon Mr.. Nix
on for expressing his honest con-
wction about the failure Of the
Senate 10 concur with the House
and the President in formulating a
decent and fair Civil Rights Bill"
lie accused johnson and his
southern colleagues Of emascu-
lating the bin meant 20 protect
the voting rights Of many mil
lions % Negroes.
m letter addressed TO John
son, the Republican committee Of
fetal pointed out that Negroes
have fought and died In every way
in defense Of their country. They
pay taxes and support government
Institutions They have honored
al other responsibilities expected
Of citizens But the Senate has
yielded 70 the dictates Of IL South
ern states These are the same
states which kept Negroes enslav-
"a for nearly ESQ years. II was
The same section OF the country
where the controlling politicians