davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-19
Soup With Spice

A rich. hearty vegetable soup
Is a nourishing. easy-to-eat
summer dish. It can be made
especially savory with this
simple trick: Add a bag Of
mixed picking spice in cheese
cloth bag while it's cooking,
and you'll have soup with q
new flavor flourish.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-19
Orange Adds Fldvor
To Peanut Spread

Making peanut butter sand
wiches to go into a lunchbox?
Give the spread a new flavor
by sweetening it with honey.
Then perk it UP with a little
grated orange rind and
chopped ripe banana.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-07

by, and so did Justice and Mrs.
Stanley Reed, the Italian Am
basSador and Signora Brosio.
the Austrian Ambassador and
Mrs. Gruber. Senator and Mrs.
Kefauver. Senator Dick Rus
sell. Governor-elect Price DAN
lei Of Texas who returns to
Texas this week; Representa-
tive Bill Hull. Ambassador and
Mrs. Wiley Buchanan, the
Bernard Gallaghers, Maj. Gen.
and Mrs. William Rose, the
Harry McDonalds and a hun
dred or so others.
A beautiful yellow birthday
cake. obviously inspired by the
yellow Rose of Texas" was
spotlighted on the table in one
room and was eventually cut
by the Speaker. Afterwards
Hank Fort led the assemblage
in a birthday song she wrote
for Mr.. Rayburn.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-07
F Street Store Gets
Striped Awnings

travel tips. temperature charts,
sketches of exactly the type
dress to take for your vaca-
ton.
Whether headed for any
point in the United States and
Canada, The Caribbean, Mex
leo and Central America,
South America, Europe. the
Mediterranean and North
Africa. Middle East and Far
East, Hawaii and The Pacific
-nothing'S left to chance.
. In Acapulco
You show up in Sun Valley
with just the right wardrobe.
In Acapulco you discover via
the What to Wear Where"
guide that might life is fes-
tive. but never really formal.
This is the time to whisk out
your brilliantly Powered skirts.
your barest halters." But for
lunch at the Del Prado in
Mexico City you look impec-
cable in an effortless printed
silk for afternoon, a black
jersey that shows a talent for
late day dining"
Two wardrobes are outlined.
One for a warm time vacation
and the other for a cold
weather vacation. The guide
informs you that when it's
June in New York, the weather
in Buenos Aires is like Janu-
airy. Everywhere in South
America the weather is re-
versed from ours"
And best of all the guide
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-07
BY ELEM

Seventy-five yards Of fish,
net. Get all the giant travel
posters you can find. Place
striped awnings outside on F
street. Locate an authentic
boat for a shipwreck window.
Contact the Puerto Rican gov
eminent and make sure the
fresh pineapple is on hand.
Also contact the State of Flor
ida Citrus Commission and the
United Fruit Growers and fol-
low through on plans for the
other varieties of fresh fruit
to be displayed.
Weird sentences? Not at all.
These are Just few of the
rotations on a giant note pad
George Payne, assistant dis
play manager of Woodward g.
Lothrop has been making for
the past couple of months. All
this in preparation for the
winter holiday promotion the
store is launching today.
The new cruise and resort
fashions are just about the
only props that haven't
caused the display department
any worry. They'll sit among
Mercedes Benz sports car,
two Italian "Lambretta" motor
scooters, a swimming pool
complete with water. and by
giant maps and flags repre-
senting the various locations
where winter holidays are
spent.
Free Fashion Guides
But of real fashion import,
we think. is the fact that the
store plans to distribute $500
copies of Holiday Magazines
fashion guide What To Wear
Where" without charge to Gus
toners.
What does this mean to the
feminine vacationer? One
young woman who saw a pre-
view copy remarked to US Il
wish l had had that before ]
charged off on my vacation
last year"
For in this compact. at
tractively done up guide are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-07

doesn't seek to impose any
fashion dicta on a woman.
Clothes illustrating it suggest
types of clothes to be worn,
not specific fashions.
Personally. we think it's
Unjust reading for all women.
And it's a booklet that will
take top priority on your
bookshelf. being thumbed
through indefinitely once
you've gotten it in your beau
tifully manicured hands.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-07
BEALE
Continued From Page BIS

Continued From Page BIS
her shoulders-white with a
lush collar Of white and brown
mink. She adored Paris. she
said, but doesn't plan to go
back till the weather changes.
What did Senator George
think Of the Folies Bergere?
He liked it," she said.
Chief Justice Warren dropped
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-07
Learn TIPPING

tipping at Temple - 100, ~ -
is taught by Paul
Stokes, former sE 7
contender for the
world tipping
champ o n hip. /
Mr.. STOKES. an ex-
pert teacher per-
sonally instructs ~-A .
all students. Tuition is $28 each
4 weeks in day school, Sl4 each
4 weeks at night.
TEMPLE SCHOOL
1893 G ST. NV. MA. S-4629
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-07
PERMANENTLY PLEATED
WASHABLE ORLON.WOOL
JERSEY, NEW PASTELS

Travels and pocks without
wrinkles or muss! Comes
through each laundering with
its pIeots knife-s sharp! Now
in winters prettiest postels-
powder blue, beige. coral,
winter navy. Also in nyIon
jersey in beige, aqua, navy and
black. Sizes II to 20; l4lz
to 22l2. Budget Shop, 3rd
Floor Mezzonine. Washington;
End Floor, Silver Spring and
PARKineton.
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-22

Mrs. E4mira Cant all o. .9prng-
field, Mr. and Mrs. Charles Cant
of Urbana rural.
The MYF of Nation Chapel was
entertained at the home of Char
les Caplinger; Mrs. Kenneth Dav-
isson was devotional leader. In
contests arranged by Ronnie Cap
linger, Rev. Dial, Linda Capling-
er, Ronnie Brunner were success
full. Refreshments were served to
the fifteen members present.
The Catawba Wayside Garden
club was entertained Friday eve
ming at the home of Mrs. II. z.
Davisson. Interesting colore d
slides were shown by Mrs. Donald
Gordon, of Springfield. Refresh
ments appropriate to st. Patrick S
day was served by the hostess, as
sisted by her daughter, Miss Mar
tha DavisSon, to Mr.. and Mrs.
Gordon, Mrs. Lowell Neer, guests,
Mrs. Raymond Grove, Mrs. Rich
ard Virts, Mrs Ray Warner, Mrs.
Pearl Arnold, Mrs. Lawrence Yea
zell, Mrs. c. o. Timberman, Mrs.
B. P. Miller.
The M. Y. F. of First Metho-
dist church was entertained Sun
day evening at the home of Rus
sell Talbot, Kathleen Adams was
devotional leader; Margaret Frost,
program leader; entertainment ar
ranged by Betty Poland. Mrs. My
ron Runyan is leader. Refresh
ments were served to the eighteen
members and four guests present.
A family dinner honoring the
birthday anniversary of the host
eSs, was given Sunday at the home
of Mrs. Alice Demory. George
Dean brother of the hostess, of
Dayton was an out of town guest.
Others present were Mr.. and Mrs.
Eugene Demory and family. Mr..
and Mrs. Leonard Adkins and
family Mr.. and Mrs. Ira Luckett,
Ruth Alice and Robert Demory,
and Miss Mary Demory.
Mr.. and Mrs. Ernie Hayes were
the dinner guests, Sunday, of their
son and family, Mr.. and Mrs. Don
aid Hayes and daughter, Cathy, Of
Columbus.
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-22
Catawba News
MRS. G. NJ. DAWSON
PHONE CATAWBA s-2332

The Golden Rule Bible class of
First Methodist Church was en-
tertained Tuesday at the home of
Mrs. Lincoln Locke, Mrs. Elden
Anderson assisted An ensemble
dinner featured the noon hour.
Mrs. w. ]. Mccarthy was devo-
tional leader. Others present were
Mrs. L. c. Momberg, Mrs. Eta
Talbot, Mrs. Lowell Baldwin, Mrs.
Susie Douglas, Mrs. James Stall
maker, Mrs. Bailey, Mrs H. E. Da-
visson. Rev mccarthy, Lincoln
Locke
Mr.. and Mrs. Wendell Stoll are
the guests of relatives at Denver,
Colorado.
The Woman's Society of Christ
ian Service of Nation Chapel was
entertained Thursday evening at
the home of Mrs. William Corne,
Mrs. Mary Fannin assisted Mrs.
Wendell Stoll and Mrs. Glenn Par
rett were devotional and program
leaders. Refreshments were serv-
ed Others present were Mrs. Ken
meth Davisson, Mrs. Perm Wood
man. Mrs. Milburn Neer, Mrs. Da-
ma Fell, Mrs. Elvin Spear, Mrs.
Pearl Dial, Mrs. Harold Markley
Mrs. Lawrence Caplinger, Mrs.
Thomas Holleron, Mrs. Leonard
Virts, Mrs. Leonard Riley, Mrs.
ALI Ballard
The Mid Century club was en-
tertained Friday evening at the
home of Mrs. Prince Fraley. In
entertainment arranged by the
hostess. Mrs. Robert Coffey and
Mrs. Lloyd Mingus were success
full Refreshments appropriate to
the season were served at small
candle lighted tables. Others pres
ent were Mrs. Charles Krugh,
Mrs. Thomas Holleron, Mrs. Mar
shall Green, Mrs Harold Setty and
Mrs. Charles Spahr.
Farm Council No. 1S was en-
tertained Saturday evening at the
home of Mr.. and Mrs. Myron Run
yam, Robert Bumgardner was dis
cussion leader. Refreshments were
served. Members present were Mr..
End Mrs. Bumgardner. Mr.. and
Mrs. Howard Locke, Mr.. and Mrs.
Robert Wells, Mr. and Mrs. Mar
vim Neer, Mr.. and Mrs. Lawrence
Caplinger
Mrs. Foster Baker entertained
with surprise dinner Wednesday
evening in honor of the birthday
anniversary of her husband. The
guests were Mr.. and Mrs. Paul
Hamilton and daughter Patty,
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-22

ioIIIass,ll WIS oAnesud ~v....ue. :
ably.
The Blue and Gold Banquet for
Cub Scouts Den /, and 3, Pack
400 was held in the Community
Building, March 18th. Presenta-
tions of badges and awards was
made by Mr.. Kenneth Berry to the
following: Gold arrow and wolf
badge awarded to Eddie Banion,
Donnie Bennett, Keith Berry and
Michael Daniels; the gold and sill
yer arrow and wolf badge to Step
hen Gordin, Terry Justice, Eddie
Stewart, Alan Jones and Gary
kinneson; the gold and silver ar
row and bear to Donnie Hysell and
the wolf badge to Tommy Coil and
Roger Simmermon. The den moth
ers are Mrs. Roger Bennett and
Mrs. Donald Marsh.
Mr.. and Mrs. Howard Murry,
Mrs. Don Womacks and Jennifer
were guests on Wednesday of Mr..
and Mrs. Martha Cooper at Wilm-
ington.
Mrs. ]. Earl Scaggs was among
the guests for a bridal shower CIV
en- for Miss Betty Scaggs, Friday
evening in the home of Mrs. Jodi
Webster in Columbus.
The Womens Fellowship of the
Congregational Christian Church
will meet March 2Sth in the home
of Mrs. Harry Theobald.
Mrs. James O'Rourke and child
ren of Marion visited over the
weekend with Mr. and Mrs. Ralph
Sexton.
Mr.. and Mrs. Calvin Knisley and
family of Mechanicsburg were
Sunday guests of Mr.. and Mrs.
Mark Powers and family.
The regular monthly meeting of
the Minute Maids was held Thurs
day evening in the community
building with Mrs. Emmett Coil
and Mrs. Paul Daugherty hostess
eS. Present were: Mrs. Donald
Mace, Mrs. Roger German, Mrs.
Bruce Baughn, Mrs. Donald Marsh,
Mrs. Keith Rowand, Mrs. Ray
mond Stewart, Mrs. Kenneth Rit-
tenhouse, Mrs. Harlan Riegel, Mrs.
Stanley Marsh, Mrs. Robert Dan
iels, Mrs Marion Knisley, Mrs.
Howard Murry, Mrs Hugh Alder
son and the hostesses.
Mrs. Roger Bennett and Lynda
Ruth, So. Solon, and Mrs. Louise
McCorra and Carla of Springfield
attended a>SIeeping Beauty Ballet
at New Veterans Memorial Hall in
Columbus. Wednesday.
Mr.. and Mrs. Howard Murry
were guests Of Mr. and Mrs. Jim
my Murrv in Springfield. Friday
Mr.. and Mrs. Johnny Diffendal
and family of Circleville were Sun
day guests of Mr. and Mrs. Ray
mond Stewart and family.
Mrs. Ida French is a patient at
Green Memorial Hospital, Xenia,
being treated for a broken arm
and other injuries.
Miss Georgia Owens of Sedalia
was weekend guest of Miss Bar
bara Butcher.
Mr.. and Mrs. George Hicks and
far'ily, Mr.. and Mrs. Robert Zoltz
and Judy and Mrs. Arminda Hicks
were Sunday guests Of Mr.. and
Mrs. George Robinson and family
near Springfield
Mr.. and Mrs. Dana Daniels spent
Sunday with Mr.. and Mrs. Floyd
Estep and family in South Char
lesion.
Mr. and Mrs. Clarence Bennett,
who have spent the winter at Fort
Myers. Florida, returned to their
home this week.
Mr. and Mrs. Harry Theobald
and Mr.. and Mrs. Jack Gossard
and Mark were Sunday guests of
Mr.. and Mrs. Robert St. John,
Dayton.
Nnrxrr n1 .nnoYNr.x.~,C
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-22
South SOlOn
MRS. RUTH DIEFENDAL
PHONE 3271

Mrs. Harold Lansing was brought
to her home Thursday from
Springfield City Hospital. Her in
fant son, Kerry Lee, remained in
the hospital for an indefinite per-
iod.
A house trailer occupied by Or
lyn Culp was destroyed by fire
shortly before midnight Thursday.
A nearby trailer occupied by John
Madison County Democrat. (London, Ohio) 19??-1958, 1957-03-22
NOTICE OF APPOINTMENT

Estate of Daniel Frey Deceased.
Harold II. RAIDER has been appointed
and qualified as Administrator of
the estate of Daniel Frey late of
Madison County, Ohio. deceased.
Dated this 7th day of March AID.
1857.
No. 12787 Docket 6 Page 412.
Joseph S. King
Probate Judge of said County
March Ia 81 2S
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26

lessor at Catholic and George
town Universities. was named
director by the President.
A new organization, the Presi-
dents Citizens Advisory Com
mittee. will hold its first meet
ing on September 8 and 10 at
the Military Academy at West
Point. Mr.. MacCarthy an
nounced. Persons attending will
include community leaders in all
walks Of life and from all parts
of country, he said.
Mr.. MacCarthy said his coun-
Gil will act as "a kind of service
station at topside Of Govern
ment to help all those inside and
outside Of Government to dc
these jobs for the fitness Of
youth" He said there are al
ready some IS Federal agencies
departments or units involved In
youth fitness activity" which
should be co-ordinated.
But, he said, there are two
things his council will not do
The first, he said. would bt
Ito lay down zone single pro.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26

conference in his oti1ceS at the
General Accounting ONCE Build
ling. but q healthy alert"
"Other nations Of bigness have
quickly slid down into an abyss
of softness," Mr.. Mccarthy said,
Are. we big enough to break
the pattern Of history?"
He blamed automation, con-
lcentration on spectator sports,
public indifference to recrea-
tional needs in building roads
schools and housing develop
ImentS for the growing physical
softness and human erosion
of the Nation.
For Total Fitness
He said his group is dedicated
Ito the restoration Of "total
Ifitness," including mental, emo.
ltional and spiritual aspects a,
Iwell as the physical.
The council was set UP al
president Eisenhower's request
lat a Conference on Fitness Of
american Youth last June al
the Naval Academy in Anna.
lpolis. Mr.. MacCarthy, former
political and social science pro.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26

gram" Of activity for local or
CARNATIONS to follow. I'VE don't
have the right to say there is any
one program that is best" he
said, land to do so would smack
Of tyranny"
The second thing his council
win not do, he, said, is to ad-
vocate Federal expenditures in
aid Of local fitness programs
These programs must be de-
veloped from the bottom up" he
said.
Mr.. Mccarthy suggested
several examples Of the kind OF
activity his group will encourage:
/. Highway officials should
consider setting aside certain
streets as play areas for young
people. as they do in some cities
when 1t SHOWS.
2. Schools should stress more
physical education and whole
sale participation in sports
School Fairgrounds and gymna-
Sums should be kept open al
night and during vacations.
Parent leadership
3. Federal, State and munic-
ipal parks should provide more
trails. pathways and recreational
facilities for young people.
4. Parents should couple the
Injunction, go out and play!'
with personal leadership ant
the provision of recreationa
facilities at the doorsteps Of
the home"
S. Older persons and retired
workers should be encouraged II
take over supervision of com.
munity play and recreation
where paid workers are no
available.
6. Business firms should pro.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26
ADVERTISEMENT.
WIlof's behind
feen.0ge sex
deIiElqU eney?

What's the real reason for Amer
ica's shocking increase in illegiti-
macy, disease, divorce and other
results of teen-aee sex behavior?
July Better Homes & Gardens
brings you the answer of a dis
tinguished authority in the second
of a series of articles on Americas
moral crisis. Get your copy Of July
Better Homes d Gardens today,
wherever magazines are sold!
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26

vide lights after shopping hours
on the large parking areas at
suburban shopping centers. so
children could ride bikes. roller
skate and play games in safety.
Z. Art galleries. museums and
historical buildings. especially in
Washington, should keep their
doors open in the evenings $50
those who work and have
families could drink at these
wonderful reservoirs Of knowl-
edge"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26
Admiral Phillips Elected

Rear Admiral Neill Phillips.
UsN. retired. recently was elect
ed to the board of directors of the
international Rescue Committee.
Admiral Phillips Of 3053 p
street NV. is now in the in
|vestment business.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26

SO. starts every day by standing
on his head for three minutes.
This" the aide pointed out.
els not yoga but just an ele-
mentary exercise to improve his
blood circulation"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26
Fitness Chief AIerts u. S.
For Community Programs

Americas bigness" the community of nations lead
disastrous oftness in her people they not aerted in
time Shane MacCarthy warned yesterday.
MacCarhy executive director Of the Presidents Council
Youth Fitness said his organization DID, will seek
the American people organize community fitness
grams.
This is not false alarm Of weakness" said, press
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-26

STOCKHOLM. June 26 (R.-
An aide has explained on Prime
Minister Nehru's tour of Scan
dinavia that the Indian leader
is not a yogi. Mr.. Nehru, now
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
NASCAR Sponsors
250-Lop Race at
Manassas Friday

The longest NASCAR-Sanc-
toned stock car race and sec
ond longest ever held at Old
Dominion Speedway has been
lined up for Friday night.
Director AL Gore announced
that a 250-lap race would be
held Friday instead Of the Gus
tomary Saturday in order not
to conflict with another
NASCAR booking elsewhere.
The longest late model stock
car race ever held at the Ma
nassas track was a 300-lap
affair. but sponsored by a cir
cult other than NASCAR.
Time trials are scheduled for
7::30 followed by two 10-lap
heats and the feature.
frankie Schneider, formerly
Of New Jersey but now residing
In Baltimore. and Jimmy Reed
are two of the outstanding
drivers expected to compete.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
Notre Dame SeIIouts
Include Navy Come

SOUTH BEND, Ind. Aug. 6
P).-The Notre Dame Navy
football game at South Bend
November 2 is a sellout, Ticket
Manager Bob Cahill announced
yesterday.
Cahill also said Notre Danes
allotment Of tickets for the
Michigan State game at Lam
sing, Mich. November 9 and
the Oklahoma game at Nor
man, Okla. November IS has
heen exhausted.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
Sid De Louch Quits
Forty-Niner Comp

MORAGA. Calf. Aug. 6 up.
The San Francisco Forty
Miner rookie roster was cut TO
20 when Sid DeLoach, Duke
University guard, voluntarily
quit the professional football
club Yesterday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
Puckers Back Bell

GREEN BAY. Wis, Aug. 8
RD.-The Green Bay Packers
club yesterday voted its sup
port Of Bert Bell. National
Football League commissioner,
in connection with his recogni-
ton Of the NIL Players Asso-
citation. The approval was given
at a weekly meeting Of the club
executive committee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
FIGHTS LAST NIGHT

stopped Edgardo Romero 24O. Ar
New York - Danny RUSSO, 14e.
BROOKLYN outpointed Eddie Lynch,
1871. New York, 3.
New orleans = Herbe Rodriguss
ib3. New orleans, stopped Cobey Nc
eiuskev 1921, Halifax, 9.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06

A-22 THE EVENING STAR
= Washington, D. c.
TUESDAY, AUGUST Q, 1857
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-12-11
Area LENDING
t5.3Pct. Below
1856 Levels

Lending by insured savings
and loan associations Of the
Washington area showed q
sharper than average decline
from q year ago in the FIRST
nine months Of this year, the
Federal Home Loan Bank
Board disclosed yesterday
The area total of Sl45,057,-
900 was down 1873 per cent the
same 1856 period. The Dis
trict Of Columbia alone had
$ii7, 962. 900. a decrease Of 1911
per cent. The total for 40
metropolitan areas Of the Ma
ton was $4.572.770. 900. down
only IL per cent.
New savings capital OF the
insured associations OF the Ma
ton totaled sll.S77. 799, 900 In
the nine months while with
drawals Of $500. 500. 900 left a
net infiow OF $2.945. 207 900, a
decrease Of IA per cent from a
year earlier.
In the District Of Columbia.
new savings Of Sl96,0l2.O0
were Offset In part by with
drawals Of tl53.05l 900, leaving
q net inflow Of $42. 1851 900.
This was a ST. per cent smaller
increase than in the same 1856
period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-12-11
Bio Movie Studio
Cuts PoyroII 1870
And Slows Output

HOLLYWOOD. Dec. IL lP.
One Of Hollywood's largest
and most prosperous studios.
Universal : International. dis
closed yesterday it has laid of
Is per cent or more Of its en-
ployes and has slowed picture
production almost to a halt.
In trade circles IL was re-
ported that television compete
ton and uncertainty. about
public movie tastes in the fu-
ture Influenced the showdown.
A spokesman for U-I said:
With the entire picture
business in the condition that
it is. the executives decided
to slow down and take a look
at things"
II was reported unofficially
that more than 400 employees
have been laid of. Employ
ment at the studio fiuctuates.
but normally an average OF L.
500 is on the payroll.
Three pictures are in pro-
duction at U-I and one is
scheduled to start next month.
Beyond that there is nothing
on the production schedule.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-12-11
Martin Cites
Change Uncut
OF Bank Rute

NEW YORK. Dec. II R.-
William McChesney Martin.
jr.. chairman Of the board Of
governors Of the Federal Re-
serve System. today summed up
the reason for the recent cut in
the discount rate in four words:
The economy. II changed"
In an address prepared for
the annual meeting Of the Life
Insurance Association Of Amer
lea. Mr.. Martin said. the in
itial rate reduction action con-
stituted a straightforward,
clear signal that in our judg-
ment. infiationary pressures
were abating. at least for the
moment.
The action recognized pri-
marily a decline In the demand
for bank credit which began
70 appear most clearly in the
early part Of September. and
has more or less continued to
the present time. This repre-
sented an important shift from
the overwhelming demand for
credit-tantamount to a Cali
fornia gold rush-which had
occurred with amazing per-
sistence over the past two
years"
On November II several OF
the Federal Reserve Board dis
tricts approved a cut in the
discount rate from 3i2 to 3
per cent. Others later took the
same step. The action repre-
sented a switch in credit policy
from restraint to ease.