davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-09-29

He attended George Washington
University from 1921 to 1925. Because
Of his uncle's illness, he quit to become
superintendent Of another of his fathers
interests, a terra Gotta plant. He re-
manned there until 1895, when he
founded the firm of which he Is now
president
He has been married q years to
a girl he met at George Washington
University, where she won a beauty
contest A night student she was by
day a teacher in the Districts public
schools. The couple has four daughters.
Golfing at Columbia and Kenwood
Country Clubs and hunting ducks and
geese in Canada are favorite pastimes
of this man. His early interest in aero
nautics resulted in flying lessons He
became a licensed pilot in 1927.
During World War II he served on
the Civilian Production Advisory Board,
an organization that passed on con-
struction jobs during the material
shortage.
He is a member and past director
of the advisory boards of the National
Capital Area Council, Boy Scouts Of
America, and the Boys Club of WASH
ington. A past president of Northeast
Kiwanis Club. he also belongs to the
Washington Board Of Trade, the Wood
mont Rod and Gun Club and the Ameri-
can Ceramic Society. A Mason, he be-
longs to Scottish Rite, York Rite, Almas
Temple and the Royal Order Of TESTERS
Who Is this? Turn to Page %.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29
Building permits recently is
sued in Prince Georges County
include:

Building permits recently is
sued In Prince Georges County
include:
James /. Mundy. 34iS Perry st..
Mount Rainier, Nd. owner; L. Z. Mills
d EUres S at ESQ cost. od sgsc
ODDS and Beatrice NJ. Parrish, 17s
Forester St. s.w:s owners and builders
I dwelling at 69i2 Brinkley I'd. SCI
Edward ooireed, 5000 Rhode Islans
ave-. Hyattsville. Nd. owner; yeter.
mary hospital pit on Indian Head hwy.
vernon ] Easlup. 4os wIllis@sbur.
dr., Silver Spring, Nd. owner; John r
Whitman. builder; dwelling % b42t
Wal = ave. Camp Springs. Nd; cost
Max and Suzanne Bershad. 1915 Fort
Dup nj 81. Sea owner; g, =. Denis
oHo6 nm, MSTelIiSs Sas Mulberry lane
Wilbur E. Turner and Robert I. werth
Realty Co.. Builders: Yr dWeiiins~ G q ssgi
23a ave, Cool Spring ter, Adelphi. Nd
citiseps Bank Of Maryland. 1900 Bal.
timore blvd. Riverdale. Nd, owner: +. A
Bosnia. builder; alterations on bank 81
ii 1000 Gqee ems Chapel I'd. Avondale, Nd.
joseph s. Hart. Clinton, No. owner
and builder; / dwelling at 1870 Wood
rd. Camp Springs Nd: cost. 81 400
William. A. .Ihrig. 1404 SEA pl. Sc.
swner and builder: dwelling e . 4 $50
Eugene and Margaret Luckritz. $500
payis blvd. Camp SPRINGS, Nd. owners
c. p. s Const Co, builders; | DWELLING
On White Oak dr. oxon Hili Nd; cost
j. W. stoneycypher, $500 North wash.
ingtcn boulevard. Arlington. Va. owner
snd builder: dwelling On Hcllytres road
sl q H psn MS $685. sS 6d Sax Oo GS.d Belts.
vile. Nd. owner and builder; 1 dwellinl
at 5000 Garrett road Beltsviile, Nd
Hugo Proccpic. zols Central avenue,
Seat Pleasant. Md. owner and builder:
I DWELLING at 4i5 Cabin Branch h drive
John T. Qaffney. SO East Ridge road.
oreenbelt, Nd, owner and builder: ]
DWELLING at 97i4 4sth place. HOLLYWOOD.
Joseph De Campo 1904 $50 st. HIN.
side, Nd, owner and builder. ! dwelling
e. e. sslS ccgr ( and lane. Lanham Acres
Old Beaver '' Dam Estates, Inc, ssII
Harrington dr., Bethesda. Nd. owner
and builder: ] dwelling ct 71Qs Country
Club Ct, Landover, Nd; cost. $4,000
Francis J. and Helen d, LonGen. 3b22
8. Utah st. Arlington. Va. ow- 2r and
builder; I dwelling 81 l0ll4 .lQyhee
AVE- fle ASsDs CORE pErss oS o ios ccrS o PES
On oaon nil 3D. aSG st. sf sSrSsbs ss'Gn
Oxon Hill. Nd: cost. SIS. 900.
Colesville I'd. Silver Spring, Nd. owner
and builders. 81 dwellings in carrineton
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29

Real Ice Cream Co. boa5 Minnesota
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29
Residences Authorized
In Prince Georges

IsS00bbdivisIon Hyattsvilie. Nd: cost. sic.
Francis }, Hin 4o4a Grail ct. ne
S SsDsE ana Td, S asSToos Cycling On an
G. Z. Holthaus. 72o4 wells pkwy.. ny
ettsville. MO- owner and builder:
dwellings on BROOKLYN Bridge road. Lau
rel, Nd; cost, $4,000 each.
Murphy a Stokes. 65OS Marlboro pike
mnents on Allentown I'd. Camp SPRINGS
Cecil i Holsinser. e27s Allentown
h "a; Camp spTinss, No owner an
Dodge lane Sc; cost, $4,000 each
2s2S KeatinE ST. Sc. owner and builder
~ Barnabas Corp. store ! thru Z; 2stl
t aSe; corp stSsss weois writ and
mercisl Stores o Be located i on brS HG
Heights; Nd; cost. 500. 900. 300. ~'''0'
pse %RP'nHs: sisbt. nd sea o%Dep
Kenneth Quick. builder: / iWcllinr o.
s n,sss s, TsS Soo srOadwater Estates, Md
'"ntsr I ,iardner esei Blue R,ds
1 DWELLING at 20i7 Forrest Dale drive
Hillepdale Forest. Nd: cost. $4,000.
Jonn = JENNINGS, 1880 Branch ave
a dSrest drive. oxon Hill. Md: cost. Sii.
Cecil q. Williamson. siaa Fisher road
Temple Hills, Nd. owner and builder:
Forestville. Nd: cost. S12,OOO each.
James w. Rogers, Landover. Nd,
place, Rosers HEIGHTS. Md; one 70 COS
$40 $50 and two to cost $4,000 each
century Builders, Inc. 923 18th st
Nv. owners and builders: 2 dwelling
on On ox3n HI road. oxon Hill. Nd.
Joseph vito ATcuri. 2402 eairlawn ct
Sc, owner and builder: 2 DWELLINGS Ii
i hillcrest Heights. Nd; cost. $4,000
Recall Ice Cream Co. so2s Minnesot,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29

Drew CONSTRUCTION Co. builder; exten.
sion Of ice cream plant at 5025 Minneso-
"a ave- ave; cost $4,000;
osnsr MOI Sosan Sa!yf Es.d ss
Manor road. Hyattsviils. Nd; dc cost. si7..
Edgefsld Development Corp. 2e4
Knollwood drive. AdeiphI. Md, cost
Joseph Mitchell. so4S Que st se
owner and builder; 1 dwelling on West.
chester drive, Camp SPRINGS, Nd; cost
Bsdini Brothers. Inc. 1905 statesid,
driye Silver Spring. Nd, owners and
builders. 3 dwellings on Riggs road, West
Hysttsyllle. Nd; cost, $4,000 each.
Akron, Ohio. owners and builders; serv.
Laurel Nd: cost Sao.4iis5. 1 Vs. =
re. Eosdy US,. Express Inc, l45 Park St.
RS snas M Sn d sSEit ss TcS and u s.
Akron Ohio. owner and builder: freishi
terminal nina eccs s On Bowie road and U. 8
Francis 4 Betty Moran. aeo7 4sth
e.: ! DWELLING At 9$0S oeden place place
I4ASSuNo9u EOIcht. MO- COST, .l0sHDU.
West Laurel Acres inc. Laurel Md,
owner: A. s Wedderburn, builder:
Owe dwelliSnE o on no Parkway Drive. Laurel. Nd.
S'i irwin IN : s SSSi ssoi Rigs road
Hyattsviile' Nd. owner: WsirismaH \ GREENE ene
builder; dwelling at 1ln4 Kaydale
EXECUTIVE Building and Investment
Building, owners: Morrison. 4 Bresav.
builders. once building on KmmendsIc
road, Beltsyille. Nd cost. SOC. 900.
washington subuEban Sanitary. Com
pumping station on lawrence st., or ssth
ave. colmar Manor, Nd; cost, S34. 500.
Mr.: and Mrs, Di' 0uiilan. Ssis 18th
ave- n.,S Tapitol HEIGHTS No. owners; Peter
ave. Cspitci Helehts. Nd: cost. Si4. 900.
I. yef Bldg ,Washinston, owner: Banks
a z na,i lee, builder; I dyelling st l0450
Charles r. and Elizabeth Dillon. Route
|. Accokeek. Nd. owner and buiidsr:
Icw ,.s On sao warn rd. Accokeek. Nd:
Gerald and Doris coe. 117Io Pine st..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29

Beltsyille. Nd. owner and builder /
Nd: cost. SJ6.4OO.
Joseph and Evelyn Pascuito. $3.50 Q
81. Sc. owner and builder; / dwelling
at 1905 BUCHANAN st., Hyattsville. Nd
Jeweil q. Cross. SIT 9th It NV,
owner: william B. Rowe. IT,, builder:
dwslling on Sanford I'd. Accckeek. Nd
George G. 'shai1er. zoos Houston I'd
2, + 9,SS ave. Eiiis6orO. Ma; cost
!. John and Helen Afford. sl1s HannOr
TRo sass 2 Daniels: builder: dSeiiinI
cost, $4,000.
o. L. Richie, 5l22 st. Barnabas I'd.
owner and builder. dwellings at 2hti
siii 900. '''eie'' he'sn'S' MO- cost
Edwin L. and Evelyn pousherty. Aeeo,
ksok; Nd. owner and builder. / DWELLING
cost on sI SiSlood Point rd' Accokeek. Md.
~, Thomas =, Ashs. siol Lake ave;
Cneverly, Nd, owner and builder:
SEeiiie Cost at $1,000 asGS a4'A ave. chs'srl'
"A. A. Peters, 4ao4 Brandon lane
HeltSyille. Nd, owner and builder.
SSsl' eS.. 81 S5sn sssh lane Bsts'is
Greenbelt Park. Inc. dreenbelt, Nd.
owners; George c. Martin. builder:
gasoline. service station at $500 New
dn.t ave, Takoma Park, Nd;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29

HoIIinbrook Park homes are
designed for the ease and
comfort Of family living.
The spacious, airy rooms Of
the living area lend them
selves to formal or informal
entertaining. The diversified
"drea m kitchens" are
equipped to fill every family
need. Ample grounds pro-
vide the luxury Of privacy
as we'll as reereationaI space
for children. These are the
homes Of tomorrow.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29

in dark places are common home
accidents. Light colored paint
applied to danger spots in
homes. as well as in business and
industrial establishments. may
save broken limbs-and maybe
lives.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29
DIRECTIONS

over l4th ST.
Bridge to M. YER
non Mem orial
Highway. Out Me-
mortal Highway 3
miles past Hunting
Park Towers 10
N o rnlneside
Drive; turn right
to Fort Hunt Road,
then . sharp right
and almost imms.
dlats left to Sher-
wood Hall Lane.
"a mile to Holm
brook PlLk
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29
Check on Home Safety

Being at home doesn't mean
you are safe from accidents. On
the contrary, most accidents
happen in homes. Falling down
badly lighted stairs or stumbling
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29

Distinctive luxuY-sNIed homes de-
signed for the ultimate in gracious
living. Here in the rolling hills Of
historic Virginia Is a distinguished
residential community. The quiet
dignity and charm of Colonial Vir-
einia are blended with the casual
ease Of contemporary customs in
these spacious four-bedroor,, 21z-
bath homes, with 1880 50. feet Of
living space.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-06-29

Introductory. prices
Surfing from
s22,o90
FLA and Conventional
Financing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
YOUR
MONEYS WORTH
Worker Stockholders
DY SYLVIA PORTER

In 1850, the Sun Oil Co. offered
for the 25th time a plan under
which its employees could order
up to 10 per cent of their pay
deducted to buy Sun Oil stock
on the installment plan.
BY June 80. 1850. the average
employee of Sun Oil had in
vested $452.S3 of his wages in
this stock purchase plan.
But on that date he received
not s452.83 of Sun Oil stock
Instead he received Sun Oil
shares valued at $1.320.90. Part
of the gain represented an out
right contribution of 1925 by the
company which put so cents into
the plan for every 81 invested by
the employee. The rest repre-
sented dividends in cash and
stock.
In October. 1855, General Mo-
tors offered for the first time a
saving stock purchase program
under which employees buy GIN
stock and United States savings
bonds and the company contri-
butes 81 of GIN stock for each So
of employee savings.
Nearly 80 per cent of all ELI
gible salaried employees are now
participating in the program,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
CHICAGOLWESTOCK

CHICAGO. Jan. 10 Up lUsDA). Sal
evenly steady to rs higher; sows fully
steady; shipping outlet fairly broad par.
ticularly on lightweight butchers: most
sales No. 30 l90-240 ID. butchers.
l7,25-17.75; several loads and lots No.
around 230 ID. and lighter sorted for
3 :;5n butchers. 20 10. ISL 20; 300
mixed grade 100000 ID. .sowS, hoo
15.5O-1575.
salable cattle. 1000: calves. 200;
steers and heifers mostly steady: prime
grade practically absent, cows steady to
% lower. mostly about steady: bulls
feeders feed s. steady; load l.15o,lb steers
TO average choice steers, lS.00-22 so: .
loads good ,465 ID. 1900 some stand
ard steers. D .00-17 so: part load l.l0O
10. utility holstein steers, 1875; short
load choice 1000 Id mixed yearlings
30: good TO average choice heifers,
u 50-20 so: standard heifers, 450-
1890. few standard cows. l250-l4 90;
utility and commercial cows, 1926
%: Gamers and cutters 900-lq75;
few heavy holstein cutters. IL 90: utility
and commercial bulls. IA COLLEGES: few
mead choice and prime vealers, 20 90:
good and choice, 2l .00-25 90; utility and
standard vealers IL 00-2l 90 with some
Gull down to 80: . loads high good
425 10. stock steers calves, 2025
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10

says GINS head, Harlow Curtice
THE remarkably high percentage
is ample testimony that GIN en-
ployees are vitality interested IN
becoming more active investors
This week the New York Stock
Exchange released a BOT page
survey of Stock Ownership Plans
for Employees started since 1947
It's a significant document
for it reveals that in this nine
year period. 40 per cent of the
1,066 domestic companies with
STOCK listed on the Exchange
have adopted stock purchase
plans for their employees!
At the end of World War II
there weren't more than a dozen
or so corporations which offered
programs under which their en-
ployes could buy stock in their
own companies.
The number now runs into the
Ihundreds-and the companies
range from such giants as Amer
lean Telephone with hundreds OF
thousands of employees to such
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10

medium size firms as Plough
Inc. with only 900 employees.
A decade ago. the percentage
of middle-lower income Amer
leans buying stocks was inflni-
testimal.
Now millions of ordinary folks
working for hourly wages or sal
aries are buying stocks of the
nations ma jor corporations
through deductions from their
paychecks. The total may run
over two million.
Up to only a short time ago,
when a corporation sold new
stock to raise cash, it automa-
tically directed its appeal to big
investors.
Now, Americas corporations
are regularly raising millions of
dollars month after month
through issuing new stock to
their own employees.
Stock purchase plans for en-
ployes are not new. Actually,
they f1ourished in the '20s - but
when the depression hit, all but
a few were wiped out, and the
idea stayed on the shelf until
the mid-40s.
1t is no exaggeration to say
that this is one of the most i'm
Iportant financial developments
of this century.
For this movement teleeraphs
the probability that within an
other decade, a company's own
employees will become it's key
source for new money-in itself
a financial revolution.
And if these plans spread a.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
Albert c. Crew to Leave
Home Loan Bank Poard

Resignation of Alb 1T c. Crew
as director of the division Of
Home Loan Bank Operations
was announced today by Chair
man Albert j. Robertson of the
Federal Home Loan Bank Board
1t will become effective on the
appointment of a successor.
Mr.. Crew will leave the FHLBE
to become treasurer of the Fed
eral Home Loan Bank of Gin
cinnati. one of the IL district
banks of the Federal Home Loar
Bank system. The Cincinnati
bank serves member savings anc
loan associations in Ohio. Ken.
lucky and Tennessee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10

Signed by Board Chairman
Robert v. Fleming and Presi-
dent Hubert T. Bisselle, the
Riggs annual report listed net
earnings of $3,150,3S4, a gain Of
7.6 per cent from $2.928,423 in
1855. The per-share figure after
taxes compared with S40.39 in
the previous year.
The net included $1,000, 592
from recurring sources, CON-
pared with $2,497,487 from the
same sources in 1855.
Among the homecoming items
were a dividend received on
the banks group life insurance
policy and tax savings resulting
from addition to bad-debt re-
serve permitted under the exist
ing formula of the Internal
Revenue Service. The bank
now has reached the prescribed
ceiling under that formula.
Hope Expressed for New
Bank Reserves Formula
I'VE are hopeful that Congress
in the forthcoming session will
enact legislation revising the
bad debt reserve formula so that
our earnings for 1857 may be or
a basis comparable to the past
year." the report said.
Ray M. Gidney. Controller OF
the Currency has expressed be.
lief there is need for a new
suitable and soundly taxed for
mula which would permit banks
to create and maintain reserves
by transfer from earnings at a
reasonable rate in relation to
total loans, without reference to
current or past loss experience.
it added.
Outstanding loans of Riggs
reached a new high of $181 $685.
S54 at the end of 1856. a gain
of $18.341,747 from a year earlier
and the report predicted demand
for the bank credit in 1857 will
continue at or near present
levels.
Capital. surplus. undivided
profits and reserve for contin-
gencies reached a new high of
$28.667. 843 at the years end,
compared with $27,794, 932 year
earlier. This did not include the
bad debt reserve, Taking the
reserve into account, capital
funds at the year end totaled
$31 .264.755.
Assets of $457,379,365 and de-
posits of S424. 1893, 495 on Deem
Der 81 also were at new highs,
which compared with S439 Sal. :
S24 and $407 sos, SAB. respective
ly. year earlier. Totals at the
end of l947 were S322,139, 1893
and 1903 ,857, 585.
Impressive growth was shown
by the Riggs Trust Department
in the last year. Year end assets
were listed at $258,O94,512, COM
pared with $248,271, 1853 at the
end Of 1855 and S205,667,213 at
the close of 1854.
Served as Chairman
OF Fiduciaries Section
Mr.. Brooks is past chairman
of the Fiduciaries Section of the
District Bankers Association and
has been with Riggs since 1925.
He started his banking career
with American Security & Trust
in 1909 and was promoted to
assistant trust officer in 1918.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
DC. Car Sales
Continue 10 Lag

Sales of new and used auto
mobiles continued to lag behind
a year ago in the District of
Columbia during December. the
monthly report from Depart
ment of Vehicles and Traffic re-
vcaled yesterday.
Title transfers. representing
uSed-car sales, declined to 1857
from 3.469 in the previous month
and 3,434 in December, 1855.
For all Of 1856, new-car titles
totaled 24.971. a drop of 2l.3
per cent from 3l,767 in 1855
Title transfers aggregated 52.6l6,
a decline of 3.8 per cent from
81, 795 in the previous wear.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
National Savings Votes
Quarterly Dividend

Directors of National Savings
& Trust Co. declared a reg
ular quarterly dividend Of a
cents a share on capital stock
President Bruce Baird an.
nounced.
The dividend will be payable
February / to holders of RECORD
January IS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10

After joining the Riggs trust
department he became trust
officer in 1884. vice president
and trust officer in January
1850. The following March he
was placed in charge of the
department.
A native of Washington. he
attended old Central High
School. was graduated from
Georgetown University Law
School and admitted to the
District Bar in 1916. He for
merly was a member of the
board of trustees of the Com
munity Chest. He is a member
of the Metropolitan Club, the
Columbia Country Club and the
Washington Board of Trade.
Holds High Position
On Loan Committee
Mr.. Carr, who is serving as
vice chairman of the Riggs OFF,
GERS Loan Committee, also has
been public relations officer OF
the bank for the last nine years
and originated several series OF
historical advertisements which
were reproduced later in bro
chure form.
He is past president of Chesa-
peake Chapter, Robert Morris
Associates. national association
of bank lending officers. and has
served as national director OF
that organization.
A native of Washington. Mr.
Carr graduated from Central
High School and attended
George Washington University
He also is a graduate of Amer
lican Institute of Banking and
the Graduate School of Banking
at Rutgers.
he started with Riggs as a
runner at the age of II and be-
came assistant cashier in 1941.
After serving with the Coast
Guard Reserve in World War II
he returned to Riggs, became as
siStant vice president in 1948 and
vice president in 1850. He has
been in the credit department for
Is years.
MIR. Carr won first in the Dis
trict Bankers Association essay
contests in both 1886 and 1887
and in 1880 and 1889 placed Sec
ond in the national ALB finals
for the Giannini trophy. For
several years he was on the ALB
faculty here as public speaking
instructor.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
Hecht Co. Gets Award
For Garnet Merchandising

The Hecht Co. received the
Carpet Institute Award for
Retail Excellence at a dinner in
Chicago last night.
Lawrence J. Mandell of the
Hecht Co. received the award
from Alfred j. deGozzaldi, in
stitute board chairman.
Miller Building Supply Co. has
opened its new kitchen center
warehouse and showroom at $3.50
Columbia Pike in nearby Ar
lington County. Va.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
.AT&T Net
Gains in SO

NEW YORK. Jan. 10 (R.-
American Telephone e. Tele-
graph Co. reported today its net
Income for the last quarter
ended December 81 amounted to
I$l63. $4,000 equal to $3.50 a
share compared with $l43,772.-
$50 or $2.79 a share in the same
period of 1855.
There were a larger number
Iof outstanding shares in 1856
than in 1865.
For the full year 1866, net
income was $6l7,200, 900 or SLOTS
ia share compared with $780,
045, 1867 or $10.77 a share in 1855
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10

expected. within another genera
ton we'll be well on our way to
ownership of American industry
Dy American workers. And then.
peoples capitalism" truly will
be a reality.
Copyright 1857, Hail Syndicate, Inc.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
'' RI BUSINESS
Riggs Profits Set Record,
Brooks, Carr Promoted
By DONALD r. HADIEy


me annual report OF Riggs National today disclosed
record 1900 earnings OF $4345 share directors
Two wei-Known members of the bank senior vice
presidents $500 " ~ '
henhtn r. Brooks vice president charge
OF the trust department Carr vice president were
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
Liberty National Joins
Parade to 3 Pet. Rate

Liberty National Bank has de,
cided to join the ranks of ares
institutions paying 3 per cent OF
savings accounts, raising thu
total to 81.
President w. T. Vandoren an.
nounced the action today. Tit
higher rate will be paid on al
accounts of $100 or more "acros,
the board" retroactive to Janu.
airy /. he said.
Interest will be credited MAY
l and November / and will bt
computed on the low balance fol-
each calendar quarter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
MUTUAL FUNDS

NEW YORK. Jan. 10 R.-Nationa
association Securities Dealers, Inc.
Noon Quotations)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
World Bank Markets
500 Million Issue

Public offering of a new issue
OF 500 million international
Bank of Reconstruction and De-
velopment World Bank AZ
per cent 20-year bonds of 1857
due January l. 1877. is being
made today January 10 by a
Nationwide underwriting group
comprising l6l investment firms
and banks. managed Jointly by
Morgan Stanley e. Co. and the
First Boston Corp.
The bonds are to be priced at
100 per cent and accrued
interest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10
MEMORANDA

81. Assets pledged assigned to secure liabilities
and for other purposes ------
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10

Vega Industries, today was
elected president of the Atlantic
States Shippers Advisory Board
at its 33d annual meeting at the
Mayflower Hotel here.
He succeeds Clarence S.
Decker, of New York City, gen.
erHl traffic manager of the Bor-
den Co.. who was named chair
man of the executive committee.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10

Shippers Advisory Board
Names New Officers
j. Robert Morton, of Syracuse,
N. Y, general traffic manager of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1957-01-10

Mr.. Brooks IS a past chairman
of the Fiduciaries Section of the
District Bankers Association and
has been with Riggs since 1925.
He started his banking career
with American Security & Trust
in 1909 and was promoted to
assistant trust officer in 1918.