davidaulloa/AmericanStories huggingface dataset:
Evening star., 1957-12-23
THoMAs [. STOKES
New Deal in Taxes Iona Due

our economy. Intricately af.
fected Is the budget.
We may not be able to DO
the trick without additional
tax revenue. Our situation Is
less satisfactory than when
Rep. Mills fought q tax re-
duetion In the last session Of
Congress and won his way
against Speaker Rayburn
and Democratic House Floor
Leader. Rep. John McCor-
mack. Democrat Of Massa-
chusetts. Since then, the
Russian Sputniks have gone
aloft, We have gone almost
crazy over rockets and mis-
siles. and the economic pic
ture is increasingly less "a.
vorable.
Most important then Is the
time Of sacrifice in the task
outlined by our new Ways
and Means Committee chair
man 10 root out inequities In
our tax laws. Indeed. the
committee could find enough
loopholes by which privileged
interests can finance 81 bill
lion for the defense pro-
gram, maybe more. Saving
should be begun here.
The forgotten people are
the low and middle .income
brackets who have paid and
paid. Virtually nothing has
been done for them in the
way Of tax relief for years.
The Eisenhower administra-
ton was busy helping big
business corporations and
wealthy taxpayers with liber-
aiiSing depreciation allow
ances. special treatments Of
dividends. special tax write
ofis, and the like.
In fact. In his last inter-
view just before his death,
the late Chairman Cooper
said he intended 10 look
into basic policies underlying
our tax laws" and with par
ticular emphasis on the share
borne by low and middle.
income groups. They are still
waiting patiently.
II should be the turn OF the
tax evaders TO sacrifice for
the country. which y their
country. too.
Evening star., 1957-12-23

The biggest hoax in his
tory is the summit confer
ence" idea sponsored In q
worldwide propaganda CAM
paign by the Communist re-
gime in Moscow.
Many gullible persons are
being taken In hy it--per-
sons who do not know that
any time the Soviet govern
ment wants to say anything
coniidentially or otherwise TO
any other government all 1t
has to do Is call In an am
bassador and he will quickly
transmit the message to his
own government.
Not only does the United
States Government maintain
In Moscow an ambassador
with q large stan Of expert
enced aides and translators,
but the Soviet government
maintains In Washington an
ambassador also with q large
stan. Diplomacy has certain
rules-if either government
wants to keep the conversa-
ton on a secret basis It is
respected by both parties.
Furthermore. every other
government Of the free world
also has an ambassador at
washington and the Soviet
Union has an ambassador In
each Of the free countries.
There is. therefore, no lack
Of . means Of communication
by written message or per-
sonal contact.
But It Is argued that a
meeting at the summit" is
desirable because heads Of
state can talk things over"
Presidents and prime min
isters. however. must have
at their elbows their foreign
secretaries and experts who
know more than the chiefs Of
government do about the
tricks Of negotiation. So the
result Is not an intimate con-
sultation after all. The Pres
ident Of the United States,
moreover. cannot in a con-
ference with the head Of q
foreign government make an
important commitment unless
It has been carefully worked
Evening star., 1957-12-23
Mills Of Woys and Means Top Expert,
Will Pursue Investigation Of Ineouities


Everywhere there are the sac
red COWS and untouchables.
For instance. there is the spe-
cial privilege In oils 27la per
cent depletion allowance. and
other special allowances.
which is carefully protected
by the two topmost leaders Of
the Democratic Party
Speaker Of the House Sam
Rayburn and Senate Leader
Lyndon johnson. both Of
Texas.
There are other special
privileges protected by pow
erful interests. including the
capital gains tax, special
treatment for insurance COM
panies and numerous other
privileges.
Representative Mills knows
the score. Will he dare to
buck the wheels within :
wheels Of power7
Young and ambitious. at
his age he can In time as
pire TO the speakership.
Slowly he has moved up TO
the pedestal Of the chair
manship Of the biggest, sim
gle. most influential commit
tee in Congress. with It's
Jurisdiction over taxes, tar
iffs. social security and
other matters. He also has
another post Of power in
volved In that. This is the
Craftsmanship Of the Demo-
cratic Committee on Com
mittees which Is embodied In
the Is Democratic members
OF the Ways and Means
Committee. the hierarchy. II
assigns committee posts.
The new chairman is even
more influential because Of
the impact Of fast-moving
events In which tax policy
must play an important part
In our defense crisis. This
calls not only for more money
for defense, but we must cal
culate on q lower tax yield
because Of the showdown Of
Evening star., 1957-12-23
DAVID LAWRENCE
The Biggest Hoax in History

q mass meeting. A conferences
Of the major nations on dis.
armament was held In Lon
don earlier this year TO
negotiate privately but got
nowhere because of the stub.
bornness Of the Soyiets.
Then why do the Com
munists keep on proposing q
summit conferences II Is
one Of their trump cards.
They keep saying over and
over again on the radio and
In the press that II Is the
Soviet government that wants
peace and the West wants
war. They think the world
especially the ''neutralist"
countries--will come eventu-
ally to believe these accusa-
tions.
What can be done about
1t? The free governments
can't let the issue rest with
mere refusal TO talk. Adlai
Stevenson says Affirmative"
attitudes must be taken to-
ward the Bulganin letters for
instance. He Is right II by this
Is meant that no document or
statement issued by the 50.
viets should 90 unanswered.
II Is time for the free govern.
ments to be blunt and out.
spoken In their comments
about what Is going on inside
Russia and In the captive
countries. Until peoples are
free, the totalitarian govern
ments represent the biggest
threat Of war.
There Is no peace In the
world today because the men
In the Kremlin are irrespon-
sible. They refuse 10 permit
even their own people to be
freed from the vigilant eyes
OF the police. The cold war
In the outside world viii end
only when the cold war inside
Soviet Russia Is at an end.
Then only can there be free
dom for all the people. IT'S
that kind Of statement which
the West should not miss q
single opportunity to dis
seminate throughout the
world even as the summit
conference" idea Is debunked
for what It really is--a prop
aganda trick without the
slightest sincerity behind It.
tRspFoduetion Rights Reserved
Evening star., 1957-12-23
DORIS FLEEsON
Gather Report Is About-Foce From Days
When Businessmen Hinqed All on Ike

The spillins-out Of the
contents Of the supposedly
top : secret Gather report
represents an effort by husi-
nessmen supporters Of Presi-
dent Eisenhower to put a
burr under his saddle.
The report paints an
alarming picture Of Ameri-
can defense weaknesses. 1t
was made by q committee
appointed by the President
and 1t has been In his hands
nearly two months.
He IL reported by members
OF the committee to have
said that while he person.
ally agreed with the con-
tents he felt the American
people would not be willing
to pay for the increased
spending 1t would entail.
That increase Is placed as
high as $50 billion in some
stories: 1t Is certainly well
above the present $5s billion
figure.
The Presidents comments
convinced the committee that
a fianking attack around
him and his major adviser.
Sherman Adams. would be
necessary. They turned 70
Vice President Nixon first
and in a private session
warned him that they in
tended 10 get action.
It Is denied that the pres
ent leaks 70 the press were
Evening star., 1957-12-23

We could get . new deal
IN taxes out Of the circum-
stances Of defense program
needs.
This is a suggestion Of our
new chairman Of the House
Ways and Means Commit
tee. Representative Wilbur
d. Mills. Democrat Of Arkan-
sas. He wants US to take a
real look at inequities in our
tax laws which still are full
Of loopholes and due for
overhauling. This win be
done at committee hearings
early in January as were
ordered by the late Repre-
sentative Jere Cooper, Demo-
crat Of Tennessee. before
the former chairman died
last week.
Never has there been such
q propitious occasion for
Congress and our people to
dramatize the need Of sac
rifice for our defense pro-
gram. and TO close tax loop
holes 90 that there can be
equality Of sacrifices. II
powerful interests who have
been evading their Just tax
burdens really intend TO
sacrifice for our common
defense. then now Is the
time.
It would, indeed. be an OPP
portunity for the lo-year-
old Arkansas leader, one Of
the handful Of the most pow
erful figures in Congress. II
would require boldness and
courage. How much Of q Job
1t would be for Representative
Mills he well knows. For ne
Is perhaps the outstanding
authority In the House on in
equities Of tax law. He has
worked long and hard as head
Of a subcommittee that has
tried TO root out loopholes.
But with considerable Ill
success, he and some Of his
colleagues have butted against
the powers-that-be in Con-
! gress. both House and Senate.
Evening star., 1957-12-23

Nixon's idea and they need
not have been. Many mem
bers Of the committee are
familiar with the technique.
having done service In the
State Department. the Pen
tagon and with the Marshall
Plan.
Anyway. the story Is out
and IL Is q fearsome one.
The administration Is still
trying to sit on the lid but
the effort Is vain. Congress
has no choice. knowing that
news Of such danger and
urgency exists. but TO pursue
the matter. Il Is the best
break the Democrats could
have in their effort TO force
a greater sense Of urgency
on the White House.
Some hint OF the course
the President may take re-
garding It may appear in his
report TO the Nation about
the NATO conference. II
that Is only another "chins
up" effort. optimistic in
tone. It will inflame the
Gather committee the more.
1t wants a hreakthrough
in missiles, foreign aid
both military and economic.
education Of all kinds and
space conquest. Its offer Is
TO speak. work and struggle
for such q program with
Congress and with the pub
lie.
Evening star., 1957-12-23
CONSTANTINE BROWN
portroit Of U. 5. Logging Behind Russia
On DipIom0tic- Arms Front Is Sadly True

continues TO doze as in the
past. At present there is no
question that the USSR Is
ahead Of us in both intercon-
tinental and intermediate
missiles.
We are tagging behind
Russia also In conventional
weapons--quantitatively and
qualitatively. There were
many red faces in the Penta-
gon when the West German
defense department very po-
litely indicated that they
could not use our latest tanks
because they were nowhere
near as effective as the Rus
SLAMS. Thus despite the
heavy appropriations for our
national defense we seem TO
be tagging behind the Reds
even in conventional Are
power.
But all these defects
known more TO the people Of
Western Europe and TO the
Communists than TO the
American people can be rem
edied by belt-tightening and
hard work. According to the
best-informed people who
have had more than the GUS
tomary glimpse Of the situa-
ton. this country can match
and outstrip the Soviet
Union In two years, or less
II We really put our minds to
II. This will require not only
heavy work and expendi-
lures but also a change from
our present defensive atti-
tude And no man should
know better. than President
Eisenhower the military ak
iom that you can't win on
the defensive"
There is no contradiction
between dedication for peace,
which has characterized this
country since its inception,
and military power. 1t is the
latter. particularly in deal
ing with ruthless countries
such as the Soviet Union
and Communist China. which
can insure respect and lead
to peace. II was the policy
Evening star., 1957-12-23
POTOMAC FEVER
FLETCHER KNEBEL

Ike and Secretary Foster Dulles up for Tv report
The idea Is to make the country feel by renewing the
old Foster-father image.
Russas Khrushchev asks summit conference with Ike
Comrade X figures it's time to settle everything including
our hash.
The end Of be In sight draft board taps Sing
Elvs Presley TO be soldier II that doesn't make pacst
out Of everybody. nothing win.
Oregons Democratic Senators demand "crash" Federal
their State against field mice How one
those typical Democratic where ell climb UP
chairs and scream?
Real Deputy Defense Boss Quarles killed the Air
Forces division OF Astronaucs He needs the out him
self TO calculate the defense budget.
National Democratic Headquarters closes down for Christ
mas week Democrats are worried As puts IT, Things
are so bad how can they possibly BY election timer
Things viii be high level in the Congress Re-
puhicans want to raise satellite and Democrats TO
out-do them BY raising can the roofand the debt limit
Evening star., 1957-12-23
Burr Under Presidents Saddle

The situation is Q fs0-de-
gree turn away from the days
when the business COM
munity felt that the only
government needed In WASH
ington consisted Of one three
letter agency: IKE. Their
complaints would be ludi-
crous and q matter only for
sarcasm II the subject matter
were not vital. the danger
now both clear and present.
II would be interesting 70
know how much Of the
changed atmosphere pene-
trates the Eisenhower sane.
tum. A constituent Of one
Southern Senator recently
broke the news to the Presi-
dent In Adams presence that
the newspaper In his city.
formerly all-out for Eisen-
hover. was bitterly COM
planning about the defense
situation and inclined to
find Eisenhower much at
fault.
According to the constitu-
ent's report to the Senator.
Adams turned on him furi-
ously after they left the
President. with a command
bring your bad news to me.
never inside the Presidents
Office" II this Is indeed the
Adams technique today. 1t
viii be put to q severe test
when the worlds greatest
sounding board-the Senate
floor with It's unlimited de-
bate gets back into opera.
ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26
IAuchincIoss Puts
Metro Debentures
On Market Here

Auchincloss. Parker & Redpath
today offered 100000 of 6 pei
cent convertible subordinated
debentures of Metro. Inc. small
loan and insurance firm. which
operates in both the Washington
and Baltimore areas.
The debentures are being Of
fered at 100 plus accrued interest
to yield s per cent and are due
March 81. 1867. They are con-
vertible into common stock at
the rate of ITO shares of stock
per $1,000 principal amount OF
debentures. If converted on OF
prior to March 81. 1862. and at
the rate Of 100 shares per $1,000
principal amount II converted
thereafter prior to maturity.
Proceeds will be used to in
crease working capital. Organized
in 1923, Metro is engaged in
financing automobiles and dur
able goods. the small loan bust
ness and credit life. health and
accident insurance business.
After this financing. outStand-
ing debt and capital will consist
of S3.524.0l3 Of short term notes
payable 100000 Of 6 per cent
debentures; 38,049 shares of pre-
ferred stock and 206.208 common
shares.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26
z Companies
Are Indicted

Attorney General Brownell to-
day announced the indictment
Iof the Pittsburgh Plate Glass
Co, six other corporations and
three individuals on charges
they illegally conspired to fix
sales prices Of mirrors produced
for installation in furniture.
The indictment was returned
by Federal grand jury at
Roanoke, Va. which described
Pittsburgh Plate Glass as the
largest manufacturer of this
product in the country.
The indictment alleged those
named had agreed upon and
used identical list prices for fur
niture mirrors. and employed a
uniform system of discounts.
In addition to Pittsburgh Plate
Glass, the indictment named its
plate glass sales manager. w. A.
Gordon. and these others:
Carolina Mirror Corp. of
North Wilkesboro, N. c., and
its president E. F. Gardner:
Galax Mirror Co. of Galax. Va.
and it's board chairman, j. A.
MeSSer. ST.: Mount Airy Mirror
Co. of Mount Airy. N. c.: Stoupe
Mirror Co. of Thomasville. N.
c.; Virginia Mirror Co. OF Mar
Va. and Weaver Mirror
Co. of Rocky Mount, Va.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26
PEOPLE
BUSINESS
Edward n. Hermsen has been

Edward n. Hermsen has beer
named manager of government
services for Research Institute OF
America, with headquarters in
the Institutes Washington bu-
reau.
Robert Claiborne Morris has
Joined the Washington Office OF
Francis l. du Pont g. Co. as a
registered representative. He is
a business administration grad
uate Of Johns Hopkins Univer-
sity.
Warren S. Stone and Ralph
CiprianO. both of Washington
have been elected TO the 1856
Presidents Council of New York
Life Insurance Co. because OF
outstanding sales in the year.
Ralph 7. Patton of Alexandra
and Samuel J. Sugar of Wash
ington qualified to attend the ex-
elusive meeting Of the 500 Club
Iof Penn Mutual Life Insurance
Co. in Hollywood, Fla. April 3-6
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26
SyIvio Korydokis
Elected by Bonk
Women's Club

Miss Sylvia Karydakis. assist.
ant cashier Of the SeconC
National Bank, was elected
president of the Bank Women,
Club Of Washington last night
/ Miss Karydakis succeeds Mrs
Margaret Francis of Suburban
Trust Co. Suburban was host tc
the annual meeting in its new
administration building.
Miss Charlotte A. Engel. trust
officer Of National Savings &
Trust Co.. was elected vice pres
ident. Other new officers:
Frances Turner. AnacoStia
National Bank. treasurer: Viola
Baker, formerly Liberty National
Bank. corresponding secretary:
Isabel SulZer. American Security
q Trust Co, recording secretary:
Billie Hayes. Second National
historian.
/ Miss Karydakis has been active
in the club for number of years
and had served as treasurer
corresponding and recording
secretary. She is a resident OF
Prince Georges County.
Elected to the board OF direc-
tors were Florence Heinrich
McLachlen: Myrtle Lewis. Lib
erty; Katherin Fout, National
Bank Of Washington; Kathleen
Marshall. Riggs. and Harriet
Adams, National Metropolitan
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26
Electric Appliance Sales
Well Behind Year Ago

Unit sales of electrical ap.
planes were we'll behind a year
ago in the first two months Of
this year in the territory servec
by Potomac Electric Power Co.
the Washington Electric Insti,
tute reported.
Electric refrigerator sale.
totaled 5.704 units compared with
6,052 a year earlier and electric
range sales aggregated l,2l:
units compared with 1,486
Vacuum cleaner sales totalec
1921 vs.. 1914 and automatic
clothes washers totaled 5,045 VS.
SPOT.
Television sales totaled 14.11t
VS.. 14,l65 in the same 1885,
period and radio sets numbered
1896 VS.. ll,058. Room air con.
ditionerS totaled 2.078 VS.. 1876;
and dehumidifiers totaled $50 VS.
1926. However. freezers rose tc
1923 from 1910.
Electric dryers numbered 2.08T
VS.. 25l8 and dishwashers totaleo
l.184 VS.. l.5l7.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26
YOUR
MONEYS WORTH
Crisis in Egypt
W SYLVIA PORTER

Under Canal Abdel Nasser
Egypt has been plunged into hel
worst economic crisis of modern
times. She is rushing toward
bankruptcy.
She is more dependent than
ever before for economic survival
on foreign aid and foreign lad
vice"-and that means depend
ence on Soviet Russia's aid and
Soviet RuSsia'S advisers"
A financial showdown is Shap-
ing up and highly Informed
sources believe it could explode
as early as May.
1t was Col. NaSser'S pledge to
free his country from centuries
old dependence on foreign powers
and to pull the Egyptian masses
out of abysmal poverty that lifted
him to his position of dictator.
Instead what has happened is
that Egypt's masses are hitting
new depths of poverty, her vital
commercial middle class has been
virtually 'liouidated" and the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26

country is increasingly in bond
age to Russia.
And even if the best of all
possible developments were to
take place in Egypt soon. it will
be years before she possibly can
recover from the losses of the
past six months.
We may take for granted first
NasSer is distorting as many Off
Icial statistics as he can. But
the black markets have no re-
spect for any man and there are
figures and facts not even a
dictator can hide.
AS an indication of what is
happening:
In the free market of Beirut,
Labanon. the Egyptian pound
has fallen from a rate of $2.44
before the SueZ crisis to $1.78
now. The official rate OF the
Egyptian pound is $2,87.
Despite rigid price freeze.
the cost of living has climbed 5
to 10 per cent since mid-l956
and prices of imported products
have increased as much as 30
per cent. Shortages of essential
goods are spreading rapidly.
Col. Nasser has been furiouSly
turning the printing presses,
grinding out paper money, fore
ing government bonds on the
banks. and Egypt's national debt
has risen to over $500 million
against little over $50 million
in early 1855.
Egypt's receipts from Suez
Canal tolls have, of course, been
erased and her earnings from
tourist trade-another major
prop to her economy-also have
entirely disappeared.
Capital is fleeing the country.
Special air transports have
sprung into existence to SNUG
gle out valuable goods, jewelrv
banknotes.
A key part Of Egypt's funda-
mental crop-cotton-has been
mortgaged to CzechoSlovakia in
return for arms. The mortgage
is estimated at $50 million an
nually out Of a total crop OF $3.50
million a year.
23O Corporations Leave
At least $50 corporations have
left Egypt since the invasion.
and, most important. the COM
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26

ana mas Deen a member OF the
board or an officer of DGS for 81
years. except for two years when
he was on the board of United
Food Stores, since combined with
DGS. He came to America from
Poland as a young man.
Other new DGS officers in
clude: Francis M. Hawkins. jr.,
Olney Market, first vice presi-
dent; Reuben Chaser. Chasen'S
Market. second vice president:
William Paul, D&W. Market.
secretary; Leon Sack. Peoples
Food Store. treasurer.
Elected for two-year terms on
the board were: Louis Biskin.
Manor Meat Market; Herman
Deutsch, American Market, and
Mr.. Klein, the retiring president.
Elected for one-year terms
were: Leon Beck. Boulevard
Market; Harry Fisher, Virginia
Lee Market; David Gutenberg,
Gutenberg S Super Market; Jack
Melnick, Queens Market; Abra-
aam Mermelstein, Macarthur
Market; Louis Shankman, Berk-
shire Food & Drug Co.
Elected to one-year terms as
representatives of associate
members stores were: Louis
kriegsfeld, McReynolds Super
Market; Louis Snider. Indian
Springs Market. and Melvin
Waldstein, WaldStein's Market,
Rockville, Md.
DGS was organized in 1921
and is the largest organization
of its kind in this area. Its
membership of 300 member
stores includes $50 regular DIGS
and $50 associate men,
Der stores. The annual election
was held at the Presidential
Arms.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26
|AT&T Awards
$3.50 Million
|0f Debentures

NEW YORK. Mar. 26 (P.-
American Telephone g. Tele-
graph Co. today awarded its $3.50
million of 28-year debentures to
an investment banking group
headed by Morgan Stanley 81 Co
on a bid of l00.5399 for a 4as per
cent coupon.
The debentureS were reoffered
at 10l.214 and accrued interest
to yield investors about 400 per
cent.
A competing bid by a group
managed by First Boston Corp
and Halsey. Stuart e. Co. named
a price of 100. 4099 also for a 43s
coupon.
The debt issue is the largest
by any corporation since AT&T
itself sold a similar Offering last
July 10. At that time the big
utility's $3.50 million Of deben-
lures went to the public at a
1913 per cent yield basis.
AT&T plaS to use proceeds
for advances to its subsidiary
telephone companies and for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-03-26
MUTUAL FUNDS

NEW YORK, Mar az P..-Sational
Association Securities Dealers, Inc.
Noon Quotations.