davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
More Inf|otion Likely,
Fixed Income Hard Hit

for higher benefits. which
seem sure to come eventually.
If your income comes from
bonds or savings. you aren't so
badly off if you are getting cur
rent interest rates. Banks and
savings and loan associations
have been raising their divi-
dend; upward of 3 per cent with
security is available today. If
you are not getting at least
that much. look around. Such
interest more than offsets the
depreciation of your capital.
Stocks and Real Estate
If your income comes from
good stocks and sound real
estate. don't worry. Common
stocks and real estate generally
move in price in the same
direction as the purchasing
power Of the dollar. They also
increase with industrial. popu-
lation and other economic
growth factors.
In fact, common stocks and
real estate are the traditional
ways Of hedging against in
flation. Ever since we got on
this inflationary hinge in the
sos. real estate and common
stocks have moved generally
upward. But only generally.
Many common stocks have
turned worthless; some real
estate has fallen in value be-
low the taxes owed on it. Some
improvements have deterior-
ated faster than the dollar.
Investing in common stocks
and real estate as hedges
against initiation usually re-
quires expert advice. a shrewd
knowledge of conditions. and
some reserve capital for emer-
gencies.
That's the irony Of initiation:
The wealthy have the facilities
and the leverage to hedge
against 1t. It's the little fellows,
without guidance on where to
put their money with maximum
safety while they hedge, and
the poor devils on fixed in
comes who are picking UP the
check for the mad and wonder
full binge.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
American Savings & Loan
Has SD Anniversary

Today marks the 83d ami
versary of the founding of
American Savings & Loan As
ISOLATION. the third oldest
institution of its kind in WASH
ington.
During its existence the as
ISOLATION has always been To-
Gated in Southeast Washington
and presently occupies hand
some quarters at Third and
Pennsylvania avenue Sc.
According to Wilfred H.
Blantz, executive vice president,
assets total $51. 100000.
American is a member of
the Federal Savings g. Loan
Insurance Corp. Federal Home
Loan Bank System. United
States Savings and Loan
Savings and Loan League and
the Savings and Loan Founda-
ton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
Direct Mail Sales Groups
Plan September Session

The annual meeting Of the
Direct Mail Agency g. Coun-
selor's Group. to be held at the
Sheraton-Park Hotel Septem-
Der 8. will discuss the role Of the
creative direct mail profess
sional.
Richard Hodgson, executive
editor Of Industrial Marketing
and Advertising Requirements,
will address the opening lunch
con. His topic: do Advertisers
Really Want Specialized Serv-
ices From Direct Mail Agencies
and Counselors?"
Seminars will be devoted to
campaign planning. art and
copy; production methods. costs
and prices and sales advertis-
ing and promotion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06

bet the consumer has that
prices won't be boosted out Of
sight.
And the pains Of prosperity
offer some comfort, too.
AS the New York police COM
missioner points out, bad as the
traffic jams are in our cities,
they are preferable to what
would happen if good times
gave way to bad. A traffic cop
can get awfully bored in a ghost
town.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
Tire Prices Raised

AKRON. Ohio, Aug. 6 (R.-
An increase of 3 per cent on the
price of most tires and tubes
was announced yesterday by
the Firestone Tire g. Rubber
Co. The increase follows SINH
lar price advances by Goodyear
Tire & Rubber Co. and the B.
F. Goodrich Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06

Also as industries have ex-
banded they have built up
greater capacity to produce. A
striking example is the alumni
mum industry which in a very
few years has gone from a state
Of acute shortage to one OF
abundance and at least tempo
rary over supply. Many other
industries are now in the posi-
ton to produce more than they
can market. The resulting COM
petition for sales is the best
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
James Hollis Acquires
RixOn ElectrOnics

~ w PSsOSOpsVs Voc VSSVOSS4 80
James Hollis Acquires
RixOn ElectrOnics
All interest in Rixon Elec-
tronics. Inc, of Silver Spring,
Md, held by the officers of
Page Communications Engi-
neers, Inc, was sold today,
President Esterly c. Page of
the Washington engineering
services firm announced.
All RiXon common stock
owned by Mr.. Page, who was
president of Rixon up to the
time of the transaction, and
by Joseph A. Waldschmitt and
John Creutz, was sold to James
L. Hollis for an undisclosed
amount.
Mr.. Hollis, who was executive
vice president and general
manager of Rixon while it
was a wholly owned research
and development subsidiary of
Page Communications Engi-
neers, Inc. now holds all Of
Rixon's common stock. Com
plotting the separation of the
two companies. Mr.. Hollis sold
his stock in Pee and resigned
as an officer and director.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
Boeinq Dividend

SEATTLE. Aug. 6 (R.-Boe-
ing Airplane Co. directors to-
day declared a regular quar-
terly dividend of rs cents a
share payable Sept. 10 to stock
holders of record August 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06

Zoe, washington brokerage
firm. Atlantic with a sales vol
ume of around $500 million a
year has operated in Maryland
and Virginia for some years.
Griffith Consumers has annual
sales of more than $13 million.
The Washington company
will retain its name and cor
porate entity as an affiliate Of
Atlantic Refining. but officials
of the latter company declined
to discuss any more details of
the transaction or future plans
for Griffith-C Consumers.
Final papers were signed
this morning at Offices Of
Mackall & Coe in the Wood
ward Building. William Mack.
all. senior partner of the brok-
erage firm and a director of
Griffith Consumers, represented
the selling stockholders who are
understood to have transferred
more than $4,000 shares or So
per cent of the outstanding
100000 shares to Atlantic.
The price was not disclosed.
but it is believed to have Melted
selling stockholders about dou-
BILE the last bid price of $3.50
a share listed on the overtime
counter market last week end.
There were reports that Allan
tic is considering offering the
same price to other stockhold-
ers Of Griffith Consumers.
Mackall & Coe has been pri-
mary broker for Grihth-Con
suInerS stock for a number
Of years. Old friends and Gus
toners of the firm and MEM
berS of the Mackall family were
members of the selling group.
Mr.. Mackall has been associ-
ated with th-Consumers
since its organization through
merger of the Consumers Co
and Griffith Coal Corp. on
April /, 1928.
Old Stock Was Split
S-fOr-1 Early in 1856
The $40 par common stock
was created in March, 1856.
through a 5-for-1 split of old
stock. A total of 100000 shares
was authorized but only half
Of this total has been issud. Bid
price for the common ranged
from $1,000 a share to STATS
last year. The company also
has 5000 shares Of 5 per cent
cumulative preferred stock out
standing and callable at $3.50.
Pere A. Wilmer is board
chairman of Griffith onsum-
ers and William j. DeButtS is
president. Lloyd B. Wilson. jr.,
is executive vice president.
Other officers: Lynn B. Van
Dercook, vice president and
treasurer; James E.. Colliflower,
vice president; James B. Cox.
secretary and assistant treas
urer.
Sales in the year ended
March 81 amounted to $13.227..
500. compared with S12.87l.600
in the preceding year. Gross
profit and other income was
$2.755. 900. compared with ST.
662,700. Net income was $780,
500, compared with $546.600.
Federal income taxes required
1863, 700 VS.. $3.50, 500 in the pre-
vious year.
Net income before Federal in
come taxes but after preferred
dividends was equal to 1924
q share VS.. 1874 a share in
the previous year. Federal in
come taxes equalled $2.70 a.
share VS.. $3.50. The company
paid common dividends Of SIPS
q share VS.. $1.05.
Its balance sheet on March
81 listed assets of $4,992. 098.
compared with $4.302.632 a
1yaor oor1ior NifrroV1t q ccotc m.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
'' RI BUSINESS
Atlantic Refining Buys
Griffith-C Consumers Co.
By DONALD B. HADLEY

Control Of Grth- Consumers Co., large Washington fuel
firm. today sold to Atlantic Refining Co. of Philadelphia
for undosed price, announced by representative
Of the purchasing company.
The transaction which marks the entry of Atlantic Refining
into the District Of Columbia handled through Macka &
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
BY ELMER ROESsNER

A reader writes that nave
alarmed him by saying the pur-
chasing power of the American
dollar will continue TO fall.
That makes two of us, at
least.
Then he asks what he can do
to protect himself against fur
Their decline. Il have only a
small income" he writes, land
/ do not want to cut down on
eating or clothes wearing"
At the moment there has
been a swirl of statements and
opinions in Washington and
elsewhere that inflationary
pressures have weakened and
that no further decline in the
value of the dollar is immediate
Poppycockl
The cost OF living rose in
July. as figures will show when
totted, and it will probably rise
this month, too. A new wave
of wage rises and price rises
has begun. Higher costs Of liv-
ing, higher industrial prices and
higher wages simply mean a
decline in the value Of the dol
lar. And that's imitation.
Problem Of Hedging
Next time you see a news
paper or magazine story say
ing mo more imitation" or
words to that effect. cut it out
and put 1t in your wallet. Then
when your grocer tells you
prices have gone up. pull out
the clipping and show 1t to him.
Then you can both laugh and
Taught
But back TO the question
If your income comes from
a private pension. an annuity
or from insurance payments,
there's nothing you can do
about 1t. You can just take
grim satisfaction in the fact
that you are one OF the little
fellows who are paying for the
infiationary fireworks show. If
your income is from social
security. about the only thing
you can do is TO join the clamor
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06

the Sheraton Park and Shore.
ham Hotels, october 1923.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06
MUTUAL FUNDS

NEW YORK. July . tPl.-National
Associa ton Securities Dealers, Inc.
lNnnn OmniailnnAl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-08-06

tailed $4,565,738 VS.. $3,8S6.S39
and current liabilities amount
ed to $2.625, TOT VS.. $2,032,175.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-19
Mrs. j. E. CosweII
Wife Of District
Health Official

Mrs. Doris B. Caswell, wife
Of the Health Departments
chief Of public health educa-
ton, died of cancer this morn
ing at the George Washington
University Hospital.
Mrs. Caswell. 40, and her
husband. j. Edgar Caswell,
lived at 770l Georgia avenue
NV.
Mrs. Caswell, born in Phila-
delphia, was the daughter Of
the late Mr.. and Mrs. Lee Burt
ley who, until their deaths,
lived with the Caswells. Mr..
Burnley was formerly with the
procurement division of the
Treasury Department.
Mrs. Caswell worked as an
employment utilization tech
nician in the Walter Reed
Army Hospitals personnel de-
partment where she had spent
seven years.
She is survived by q sister,
Mrs. F. Gerald Meyer Of At
lanta. Although funeral serv-
ices have not been arranged,
her family requested that ex-
pressions Of sympathy be In
the form Of contributions to
the District of Columbia Divi-
sion of the American Cancer
Society.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-19

Mrs. George Roy Robinson,
co.. a resident Of Washington
untfl she moved to Arizona a
year ago. died Sunday at
Georgetown Hospital.
She and her husband would
have celebrated their first we'd
ding anniversary today.
Mrs. Robinson. the former
Mary Hill, was born in Louis
vile, KY. and moved to Wash
ington as a child.
AS a Yeomanette during
World War I, she attained the
rank Of chief, the highest Navy
rating available to women.
Her first marriage was to
Russell Parrish Of Richmond.
who died II years ago. With
him, she Travelled to many parts
Of the world. They lived for
many years at 1881 Thirty first
street NV.
She moved to Yuma. Ariz.,
after her marriage to Mr.. Rob-
inson. a retired city official
there.
Mrs. Robinson was q collec-
tor and an authority on Euro
pean and Oriental antiques.
Survivors include her hus-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-19
Benjamin Sellers,
Bookbinder. 70

BENJAMIN Franklin Sellers, a
retired bookbinder for the Gov
eminent Printing ONCE, died
of heart disease yesterday on
his 10th birthday.
He retired nine years ago
after As years of service. with
the GPO. A native Of Balti-
more, he moved to Washington
about 1920. He was a member
of Almas Temple of the Shrine
An expert in his craft, Mr..
Sellers was one Of q few binders
called on by the White House
and other departments for spe-
cial work on important volumes.
Mr.. Sellers lived with his
son. Charles @. Sellers, at 30l7
Birch street NV. He also
leaves a grandson, Charles G.
Sellers. jr.
Services will be at II am,
tomorrow at the Deal funeral
home. 1912 Georgia avenue
NV. with burial in Loudon
Park Cemetery. Baltimore.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-19
Lost Rites Scheduled
For George M. Fey

A requiem mass for George
Morris Fay. Al. win be offered
|at 10 am. tomorrow at the
Church Of the Little Flower.
56ol Massachusetts avenue,
Massachusetts Avenue Hills,
Md, with burial in Gate Of
Heaven Cemetery.
Mr.. Fay, who declared war
on gamblers during his i've
years as United States attorney
here, died Of cancer Sunday at
Georgetown Hospital. He lived
at COOS Cromwell drive, Wood
Acres, Md.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-19
Mrs. 9. R. Robinson Dies:
Expert on Antiques

band. whose temporary address
is 1850 Thirty-third street
NV; her mother, Mrs. A. p.
Hill of 1884 Porter street NV,
and two sisters. Mrs. Kathleen
Campbell Of 1907 Thirty first
street NV. and Mrs. Douglas
Luger Of Tucson. Ariz.
Services win be at 1870 pm.
Thursday at Hines funeral
home. 1901 Fourteenth street
NV, with burial in Arlington
Cemetery.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-11-19
Zhe'Real and
Only Sanctuary

Today men everywhere are being forced to
see that peace must be found within themselves,
in true understanding of God, before it can
appear for the outside world
This understanding is the secret place"
Madison County Democrat. (London, Ohio) 19??-1958, 1957-05-07

clothing Volunteer local 4-H
leaders, Extension agents and 9TH
ers guide the club members in
practical training and education
provided in specially prepared
work manuals and handbooks.
Along with this personal instruc-
tion and enjoying the results of
their completed projects, the girls
will have an opportunity to par
ticipate in local, state and national
competition. A total of "a college
scholarships of $400 each will be
presented to national champions
this year. In addition, state win
ners in each program will be a
delegate to the national 4-H Club
Congress in Chicago with all ex-
penses paid. Winners will be an
nounced next fall.
Last year All Club members
made tremendous contribution to
their homes and communities thr-
ough participation in these activi-
ties. According to the US. Depart
ment of Agriculture, they canned
51s million quarts of food, made
more than 3 million garments and
articles, prepared and served 81
million different dishes and meals
Madison County Democrat. (London, Ohio) 19??-1958, 1957-05-07

To accomplish this the outer
median strips are crossed at inter-
walls by "slots" as highway design
ers call them. These slots, which
slant diagonally across the medi-
ans, are carefully designed to pro-
vide a motorist wishing to move
from one set of lanes to another
with gentle, safe and easy trans
ition across the median. They are
one-way of course (slotS from in
ner lanes to outer lanes and outer
lanes to inner lanes will alternate,
one after the other) and to assure
the driver of a safe and gentle
merger into traffic as he enters,
the slots will be designed nearly a
mile in length.
Not all of Ohio's new freeways
will be built as dual-duals, of
course. The number of lanes to be
built at the present timei is adjust
ed to immediate traffic needs.
Dual-dual sections will be con-
structed, however, in the Cincin-
natl, Dayton and Cleveland areas
where traffic studies show that the
new freeways will be carrying a
heavy volume of relatively local
traffic as well as the anticipated
load of inter-city and interstate
traffic. All of the new freeways
will be built with not less than
four lanes, and will include at
least the now-familiar center me-
dian strip. Some stretches will be
constructed with an initial five or
even six lanes, but all sections con-
tanning more than six traffic lanes
(three in each direction) will be
dual-dual, up to the enviSioned
maximum of twelve lanes.
The median strips themselves,
are going to have new look, too.
They will be wider. This comes
about as the combination of two
things: first, a recently published
highway safety study made by
Yale University. The results of this
extensive study show that the SAT-
est medians are the ones that are
widest Cup to an optimum point of
about so feet) and are designed to
be "traversable. That means that
the motorist is safest if he has a
median strip approximately so feet
wide without any physical obstruc-
tions in it and with a depression
which is neither steep enough nor
deep enough to cause him to turn
over or lose control of his car in
the event he is forced into the med
ian.
Madison County Democrat. (London, Ohio) 19??-1958, 1957-05-07

Section g. That such antieipatory
notes in the amount of S4.500.00,
which sum does not exceed the
amount OF the bond issue, shall be
issued bearing interest at the rate
of four per centum per annum, pay
able annually. Such notes shall be
dated the 1st day of May, 1867, and
shall mature on the 1st day Of MAJ,
1858 (provided, however, that such
notes shall be redeemab Bile at any
time.1 Such notes shall be executed
and delivered in such number and
such denominations as may be re-
quested by the purchaser of such
notes.
Section 4. Such notes shall be ex-
ecuted by the mayor and city audi
tor and bear the seal Of the cor
poration. They shall be designated
Madison and Swetland Avenue
Sewer Notes." and shall be payable
at the office of the legal depository
Of the city and they shall express
upon their face the purpose for
which they are issued and that they
are issued pursuant to this ordin-
ance.
Section 5. Said notes shall be first
offered to the officer having charge
of the Bond Retirement Fund of the
city and so many of the same as
shall not be taken by said officer
shall be sold at private sale by the
city auditor, but for not less than
par and accrued interest thereon
and the proceeds from such sale, ex-
cept any premium and accrued in
terest thereon and the amount
thereof for the payment Of interest
prior to the maturity Of said notes
shall be paid into the proper fund
and used for the purpose aforesaid
and for no other purpose. Any
premium and accrued interest and
the amount for the payment of in
terest prior to their maturity shall
be transferred to the Bond Retire
ment Fund to be applied the pay.
ment Of principal and interest oi
said notes in the manner provided
by law.
Section 6. Said notes shall be full
general obligations of the city and
the full faith, credit and revenue o'
said city are hereby pledged for ths
prompt payment Of the same. The
par value to be received from the
sale of the bonds anticipated By
said notes and any excess fund re.
sulting from the issuance of saiC
notes shall, to the extent necessary
be used only for the retirement ot
said notes at maturity. togethel
with interest thereon, and is hereby
pledged for such purpose.
Section z. During the year ol
years while such notes run there
Madison County Democrat. (London, Ohio) 19??-1958, 1957-05-07
oRnINANCE 40. IL

ORDINANCE NO. II77
An Ordinance providing for the is
suance of notes by the City of Lon
don In anticipation o: the issuance
structing 81 sanitary sewers i'm Ger
tain streets, and declaring the ne
cessity of the issuance OF bonds for
such purpose.
Whereas. this council has re-
quested the city auditor TO issue her
certificate as the estimated life Of
the Improvement to be constructed
from the proceeds of the bonds
hereinafter referred to and of the
notes to be issued in anticipation Of
said bonds, and as to the maximum
maturity Of such bonds and notes,
and the city auditor has certified
to this council such estimated life
as exceeding five years and has
further certified the maximum ma
turity Of such bonds as twenty-five
years and such notes as two years.
Now, therefore, be it ordained by
the council of the City of London,
State of Ohio,
Section /. That it is deemed neces-
sary to issue the bonds of the City
of London in the principal sum of
81, 100000, in order to provide a fund
for the purpose of constructing g.
sanitary sewers commencing at the
intersection Of Elm Street and Mad
ison Avenue and thence easterly on
Madison Avenue to the end thereof
and also beginning at the intersec-
tion of Madison Avenue and SWEET
land Avenue and thence northerly
on Swetland Avenue for approXi-
mately so feet.
Section 2. That it is necessary and
this council hereby determines that
notes shall be issued in anticipa-
tion of the issue of said bonds.
Madison County Democrat. (London, Ohio) 19??-1958, 1957-05-07

shall be levied on all the taxable
property in the city Of London, in
addition to other taxes, direct tax
annually not less than that which
would have been levied IL bonds had
been issued without the prior issue
of such notes.
Said tax shall be and is hereby
ordered computed, certified. levied
and extended upon the tax duplicate
and collected by the same officers,
in the same manner and at the same
time that taxes for general purpos-
es for each Of said years are certi-
fled, extended and collected. Said
tax shall be placed before and in
preference to all other items and
for the full amount thereof. The
funds derived from said tax leyies
hereby required shall be placed in
a separate and distinct fund, which,
together with the interest collect
ed on the same. shall be irrevocably
pledged for the payment of the
principal and interest of said notes
or the bonds in anticipation OF
which they are issued when and IS
the same fall due.
Section g. Tt is hereby determined
that all acts. conditions and things
necessary to be done precedent to
and in the issuing of these notes,
in order to make them legal, valid
and binding obligations of said city
have been done, performed and have
happened in regular and due form
credit and revenue of said city are
hereby irrevocably pledged for the
prompt payment Of the principal
and interest thereof at maturity and
that no limitation of Indebtedness
Of taxation, either statutory or con-
stitutional has been exceeded in is
suing these notes.
Section 8. The city auditor is
| hereby directed TO forward a certi-
fled copy of this ordinance to the
county auditor.
Section 10. This Ordinance is de-
clared to be an emergency measure.
for the reason that the public
peace, health, and safety OF the in-
/ habitants Of the city Of London re-
quire the immediate issue OF said
| notes in order to provide funds to
| pay the cost of the Improvement
! contemplated and shall take effect
| Immediately upon its passage.
Passed April IS. 1857.
G o. Snow
President OF Council
APPROVED:
T.. p Speasmaker,
Mayor
! ATTEST:
! Forrest r. Hanson
i Clerk of Council
May 13 IA