davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
DORIS FLEEsON
Kerr, Likely New Chairman, Expected
To Follow Less Conservative Course

Senator Harry r. Byrd
doubtless will be succeeded
in the Senate by another con-
sentative Virginia Democrat.
but his powerful place as
chairman Of the Finance
Committee viii pass into the
very different hands Of SEN
ator Robert s. Kerr Of Okla
homa. This Is assuming the
Democrats will continue to
control the Senate. which is
universally expected.
Senator Kerr Is, like Sen
ator Byrd, Q self-made mil
lionaire, but there the resem-
blance stops. An Gilman,
himself, Senator Kerr warm
ly supports the natural gas
bill, but otherwise his record
as q practicing New Dealer Is
virtually unblemished.
It was he who persuaded
Senator Byrd to undertake
last year the Finance Com
mittee investigation Of hard
money and the debt policies
Of former Treasury Secretary
George Humphrey. The pro-
spective new chairman can
be expected to take the COM
mittee in q direction quite
different from its long course
under Senator Byrd and his
predecessors, the late Senator
Walter George and former
Senator Eugene d. Millikin.
Furthermore, Senator Kerr
is unlikely to be modest or
dilatory about setting a Kerr
policy. He rightfully regards
his own financial acumen a.
amply proved and he has in
herited the mantle Of for
mer Senator Tom Connally
of Texas as the Senate's
toughest and most entertain
ing infighter.
He will not be hampered
by rearguard actions from
within the committee, for its
complexion has been radically
altered by the rapid change
of pace in the Senate. The
Democratic majority contains
now only one real conserva-
tive besides Senator Byrd
Senator Allen Frear Of Della
ware. The rest are New Deal
ers and include the Senate's
only professional economist,
Paul Douglas of Illinois.
The Republican minority
also is in transition. Two OF
its conservatives-the rank
ing Republican, Edward Mar
tin of Pennsylvania. and
William Jenner Of Indiana
retire this year. OF the re-
naming five, two are Eisen-
hover Republicans-Ralph
Flanders Of Vermont and
Frank Carlson Of Kansas.
Should the unforeseen oc-
cur and Republicans regain
control of the Senate this
fall, the new chairman would
be John J. Williams Of Della
ware. 1t is understood this
prospect induced Senator
williams TO change his own
plan to retire this year. He
is a conservative but a very
independent, original man
who has not been at all happy
in his career on finance UNI
der its recent chairmen.
Senator Byrd gave his
wife's health as his reason for
retiring: it has certainly long
been a matter Of deep con-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13

torial or propaganda ad-
vantageS.
President Eisenhower and
Secretary Dulles are fully
aware of the trickery and
lack Of faith on the part of
the men in the Kremlin. be
they Stain, Molotov, Bull
ganin, or Khrushchev. Their
tactics may differ. But their
goals are the same, the de-
struction Of the free world
and its leader, the United
States. After the lamentable
failure Of the Geneva Con-
ference in 1855, President
Eisenhower realized how bad
~ he had burned his fingers.
AS a result Of that sad expert
ence he declared on numerous
occasions that the Russians
must prove by deeds their
desire to relax the world
tension before he would at
tend another meeting Of
heads Of states.
Nowhere in Secretary
Dulles statement at the
Tuesday press conference is
there any mention that this
essential condition is still a
prerequisite to a top level
meeting. According to White
House and State Department
sources, we shall insist that
a number ofNsubstantive mat
tiers such as the unity Of
Germany be accepted Gin
principle" by the Kremlin
before final arrangements to,
meet with Khrushchev and
Bulganin are agreed on. It
is hoped that President Eli
senhower or Secretary Dulles
will make a public statement
to that effect in order to re-
assure the people here and
in the countries determined to
continue to fight communism
that we are not taking the
tortuous road of appeasement.
In the present international
confusion, only those pro-
vided with rosy lenses can
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
Senate Aide to Speak

Julius N. Calm. foreign rela-
tons consultant to the Senate
Committee on Foreign Rela-
lions. will discuss current world
problems during the sixth meet
ing Of the YMCA big Events
OF 1858" course at 8 o'clock to-
night in the Central YMCA,
1896 q street NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13

Germ to him. But an in
formed guess, too, is that he
has felt the memorable tides
Of change and is weary of
trying to stem them.
It was a blow to him when
the first Republican admins
tration in 20 years accepted
big budgets. deficit spending
and a rising national debt.
Virtually all observers here
believe that trend viii con-
tinue and many suggest that
the budget will rise to 500
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Talbot Maps
Renewal Plan
For Downtown

An l1-point downtown re-
juvenation program was laid
down last night by President
Philip M. Talbot of the; Cham
Der Of Commerce of the United
States. He said he does not
believe downtown America is
doomed. ~
In a speech prepared for de-
livery before the Nashville
(Tenn.) Chamber of Commerce,
Mr.. Talbot urged business
leaders to spearhead city plan
ming and urban development
programs.
Mr.. Talbot mapped these II
detectives:
/. Bypassing highways around
the downtown district to relieve
traffic congestion.
2. Elimination Of slums-and
Identification of slum sections
3. Ways and means of pro-
viding off-street parking faci-
Titles and garages.
4. Off-street mass transit
terminals to prevent the block
ing of streets by buses that
are not moving, or loading and
unloading passengers.
5. The construction Of ex-
pressways for through trafflc.
6. Easing Of traffic conges-
ton by providing one-way
streets in congested areas.
z. The provision Of fringe
parking areas outside the bust
ness districts. from which
public transport to downtown
is available on q frequent
schedule.
8. A bus system confined to
downtown-with buses travel
ing back and forth between
downtown terminals to shuttle
passengers within the down.
town district itself.
8. Traffic and pedestrian
subways under major down.
town crossings to speed the
flow of traffic.
10. Study Of all building
codes to determine if parking
space can be provided in new
buildings. and to determine if
they are so constructed as to
provide helicopter landing
areas.
IL. Improvements made in
downtown buildings and fix
lures should be publicized.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Serious Plight
OF Railroads
Cited Symes

PHILADELPHIA, Mar. 10
(B.-The Pennsylvania Rail-
road told its 147.000 stockhold-
ers yesterday that last years
business recession struck with
severe and unexpected force"
and coupled with "discrimina-
tory Government regulation
and excessive taxation" makes
1857 disappointing.
President James M. Symes
wrote in the annual report that
"as we move into 1858 we have
to overcome deficit operations
in the first quarter due to con-
tinued decline in business. ag-
gravated by about So million
loss as a result Of the severe
snow storm in February"
Regarding 1857. Mr.. Symes
declared that the moderate de-
cline in freight business dur
ing the first nine months was
turned into a sudden and ac-
celebrating drop through the last
three months" He said "in
spite of drastic reductions in
employment and other econo-
mics. November and December
each produced deficits of more
than q million dollars"
Profits for Americas largest
railroad last year were cut 50
per cent over 1856. The PR
previously reported net income
of $19.056,885 compared with
SAL .545, 435 in 1856.
Our fundamental problems, !"
Mr.. Symes asserted, ARE dis
criminatory Government regu-
lation, excessive taxation, and
the requirement that we subsi-
die passenger services. includ-
ing the handling Of Government
mail"
Mr.. Synes insisted that ''the
American railroad industry is
in q precarious position" and
only corrective legislation will
improve the situation.
He urged the stockholders.
and railroad employees. too, to
write to their United States
Senator's and Representatives
to do something "about the
railroad situation in this year
of decision"
The report noted that merger
talks with the New York Gen.
trail Railroad are continuing
and pointed out that IF a plan
for combining the two proper
ties is achieved it will be pre-
sented for final stakeholder
approval"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
~ SYLVIA PORTER

plan-which would cut taxes
by about $1.8 billion a year
would go to the under $4,000
and under $4,000 taxpaying
group; the upper brackets
would get less than IA per
cent Of the tax decrease.
To be specific. the married
couple in the $1,000 bracket
would get a tax reduction of
7.3 per cent or $50; the same
couple in the $4,000 bracket
would get a cut Of only 2.8 per
cent or $3.50.
PLAN: A tax credit Of 8 per
cent on the portion of tax
able income considered as
earned-with all income under
$4,000 considered as learned"
whether earned or not.
This one would reduce taxes
by $50 billion, with less than
one-quarter Of the decrease GO
ing to the over $4,000 group.
The married couple in the
$4,000 bracket would save STA
on taxes; the couple in the
$4,000 bracket would save
$414.
Tomorrow's column will con-
clude this brief outline of tax
cutting plans that will be max
ing headlines in the weeks
directly ahead.
distributed 1858 by The Hall
Syndicate, Inc. All Rights ReserVed)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Auto Industry
Seeks Tax Cut

DETROIT, Mar. 10 (R.-Re-
peal or substantial reduction of
automotive excise taxes was
urged by the Automobile Man.
ufacturers Association today.
The policy statement was
wired to President Eisenhower,
to congressional committees
and Cabinet officers. 1t said
the automotive industry nor
mally creates one out of seven
jobs in the Nation. but has
been among the hardest hit in
the present economic showdown.
Constructive action on excise
taxes. the statement said, will
be an effective antirecession
measure as well as a basic tax
reform. The association asked
that action be taken without
delay and that 1t be made
retroactive to prevent any slow
down in automotive retail sales
while decisions are pending.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
YOUR
MONEYS WORTH
What Kind of Tax Cut?-H

Some Of the most respected
and best-known industrialists
are seriously calling for
"quickie" tax relief.
They are not primarily con-
cerned with tax reform; what
they urge is an immediate spur
to the economy. and they rea-
son a tax cut would be the only
stimulant powerful enough to
end this recession and get us
back on an uptrend fast.
In yesterdays column I gave
one quickie suggestion which
would cut the Withholding rate
IN half for q six-month period
and would increase the pur-
chasing power of wage earners
by $1.2 billion a month.
Another Suggestion
Here's another quickie: Dou-
BILE the present per capita
weekly withholding exemption
from $13 to $26 for a six-month
period beginning July / or
earlier,
This would put about 81 bill
lion a month into consumer
spendable income. It would. for
instance. increase the weekly
take-hon1e pay of a family OF
four earning $1O4 or more a
week by 1896 or by $243.38 over
the six months.
And now here are other plans
that actually have been pro-
posed:
Plan. A $40 tax credit for
each personal and dependency
exemption claimed by the tax
payer.
If this plan were written into
law, an estimated AZ million
taxpayers would be relieved of
all tax liability.
Virtually all the benefit of
the SIS billion tax decrease
would go to middle-lower in
come taxpayers; less than 10
per cent of the tax dollars re-
leased would go to families
earning $4,000 or more.
AS an Illustration, the mar
ried couple in the $4,000 income
class would get a tax cut of $40
or Ill per cent; the same
couple in the $4,000 bracket
also would get q tax cut of $40
or or per cent.
10 Per Cent Cut Discussed
Plan: A straight 10 per cent
reduction in tax.
This would reduce taxes by
about $3.7 billion, give 20 per
cent of the benefit to the under
$4,000 taxpayer. 38 per cent of
the benefit to the $5,000-$10, 900
group, a full Al per cent of the
dollars released to the over
$4,000 brackets. It's a cut
heavily favoring the middle
and upper income classes.
For instance, the 10 per cent
reduction would save the $4,-
900 couple $50: it would save
the $4,000 couple $1,959.
PLAN: Increase the present
10 per cent optional standard
deduction to is per cent and
raise the maximum standard
deduction of $1,000 to $500,
The greatest benefits Of this
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Prefabricated Homes Seen
Aided by Federal Order

Builders Of prefabricated
homes should benefit materially
from President Eisenhower's
recent directive allocsting 5000
million to the Federal National
Mortgace Association for pur-
chase of low-cost housing mort
cages, seid FNNEA President j..
Stanley Roughmap, today.
Addressing the Prefabricated
Home Manufacturers Institute
at Boca Rata. Fla. Mr.. Baugh-
man said the new program to
combat current recessionary
trends is tailor made for pro-
ducers Of prefabricated homes. "
Mr.. Baughman said that
while mortgage funds have
eased in recent months. there
has been no appreciable effect
on financing of lower-cost
homes thus far. In an effort
TO alleviate this situation, the
5000 million has been limited
to the purchase Of FHA-insured
mortgages up to $4,000 on a
new home, he added. All pur-
chases will be made on commit
ment contracts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Market Is Looking Better
Ferris Review Declares

The market is approaching a
safer area for investment in
good common stocks, COM
mented the current review from
Ferris & Co.
Savings are increasing. debts
are being reduced and ihven-
tories are being liouidated it
added. 'All of which makes
for a sound basis for future
progress" One great danger is
that when all forces now being
unleashed gain momentum. in
flation will again be our gleat
national problem, 1t added.
Auchincloss, Parker g. Red
path has compiled summaries
of Union Biscuit Co., Brown
Shoe Co. and General Public
Utilities Corp.
Jones. Kreeger & Hewitt has
a new summary of selected
manufacturers of ethical drugs.
Merrill Lynch, Pierce, Fenner
& Smith has an interesting
review Of National Distillers q
Chemical Corp.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
CHICO LIVESTOCK

CHICAGO, Mar. IS up tUsDA.--
Salable hogs, 1000; active, uneven,
fully rs higher on butchers early. in
cluding most l-2 lots under $50 lbs;
later and closing trade on bulk butch
ers % to 80 higher: sows scarce, mostly
early clearance5 butchers over $50 lbs.
and No. LOT. all weights again scarce;
2-3 190-240-lb. butchers, 21.5O-21 20;
several lots mostly l-2s 200-225 lbs,
FL .75-21 IS; 125 head mostly No. Is.
these weishtss sorted for grade, q. 90;
lots S %ostis q, lbs: ssosso iSi fsS
mixed grade. iS.25-iS.e5. with few
lots 33O-4O0 lbs, ne. $4,000.
Salable cattle. 5000: calves, 900:
active; slaughter steers strong to fully
so higher; most advance on weights
over 1.1O0 lbs, with extTemeg 100
steady 70 so higher; cows steady to
20 higher; bulls fully steady; vealers
steady to 100 higher; stockers and
feeders steady TO strong; load prime
1,350-lb. fed steers, 700; load high
choice 1,175 lbs. 34.25; choice steers,
S rs sQ csly uss .S SR .s sSSd
ard steers. 81 ,o0.St 90; good to aver
age choice heifers. "a 50-2S. 90; utility
utility and commercial cows. 1900
1000; Gamers and cutters, 1900
1850; few heavy cutters up to 1900;
utility and commercial bulls. 1a.55oo-
1850; good and choice vealers. ~ 90
81 90; standard, 30. O0-29 90; Gull and
utility veaiers, 100000 90; choice $50
lbs. feeding steers. $3.50: load good
and choice 925-lh. WEIGHTS. $3.50: me-
dun S50-lb: feeders: % 80.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18

Guiding visitors and telephone
inquiries. OF the several thou
sand visitors. 1.773 came to
definite decisions on appliance
brands and dealers from which
to make their purchases.
Increases in visitors generally
mean a pickup in sales Is on
the way, officials said.
Samuel H. Norman
Heads Steamship Board
Long active in maritime az
fairs, Samuel H. Norman,
transportation lawyer and
partner in the Washington law
firm Of La Roe, VIM q Moer-
man, Investment Building, Fif-
teenth and K streets NV. was
elected chairman of the board
of American Hawaiian Steam
ship Co. yesterday. The COM
pany is controlled BY the New
York shipping magnate. D. K.
Ludwig.
A native Washingtonian, Mr..
Norman is a director of Lar
sen Products Corp. Of Bethesda,
Md, and American Commercial
Barge Line Co., Houston, Tex.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Grocery Sales Volume
g to 1919 Above 1857

NEW YORK, Mar. 10 (R.-
Grocery sales volume is contin-
uing to grow in 1858. Paul s.
Willis. President of Grocery
Manufacturers of America, Inc,
said today.
Mr.. Willis told the grocery
manufacturers representatives,
of New York that food retailers
sales so far this year have been
running 6 to 10 per cent ahead
of 1857. Grocery Manufac-
turers' volume, he added, is as
good or better than in 1857.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Electric Institute Has
Big Gan in Visitors

The number of visitors to the
appliance displays of the Elec-
trio Institute of Washington
during the first two 1858
months were the highest for
this period in seven years and
indicate quickened buyer in
terest, the institute reported.
A total of 5000 contacts
we're made with the public, in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Food Fair Super Markets
Plans More Expansion

Additional expansion plans
are being drafted by the Food
Fair Super Markets Division
Of Grand Union Co.. it was
announced today at an all-day
meeting Of general and depart
mental managers of the divi-
sion at the Mayfiower Hotel.
The division now is con-
structing two new markets and
will start two more shortly.
Details Of the additional ex-
pansion were not given.
Thomas j. Streithorst, vice
president end general manager
Of the division. ives in charge
Of the meeting attended by
more than 125 managers Of
Food Fair and H. L. Mills
Markets. Maintenance of the
lowest possible food cost by
more efficient operation. and
increased productivity was the
theme.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
FOREIGN EXCH'GE

NEW YORK, Mar. Is dP.-Foreign
exchange rates. Great Britain in dol
lars, others in cents unbalanced I'M
less otherwise noted:
Canadian dollar in New York open
m ma 4ss. per cents cent nj, premium Gsp or
Europe: Great Britain (pound)
s2.Slss. Of ns; 30-day futures
$50 q 1872, OF ii; 60-day futures
80 27L32. of / 1872; 9O-day futures
rs 81 /32, of IL; Belgium 0ranc)
2.O0la: France (franc) .23T OF a
cent; Germany (Western) (deutsche
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18

ance approve, the present
100000 shares Of $40 par stock
would be increased to 100000
shares of IS par stock. Addi-
tional shares of IS par would
be issued for each present share
to effect the 2-for-1 split. A
stock dividend Of 20 per cent
or 100000 would be declared
payable out Of surplus.
Last previous sale Of Peoples
Life stock was at SGT a share.
A stock dividend Of 662s per
cent was paid in 1856. Assets
reached a new record of $118,-
40l,237 at the end of 1857,
compared with $ll0.l0l,476 a
year earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Burroughs Corp. Oficial
To Address Auditors

Sherman L. Waldorf Of Bur-
roughs Corp. will address a
Joint dinner meeting of WASH
ington and Richmond Chap
tiers, Institute of Internal Audi
tors, at Occidental Restaurant
next Monday night.
Mr.. Waldorf will discuss in
ternal control in an electronic
system. Bradford Cadmus,
managing director Of the insti-
tute, will attend.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
'' r BUSINESS
Peoples Life Proposes
Stock Split and Melon
BY DONALD B. HADLEY
Star Financial Editor

Stockholders of Peoples Life Insurance Co. viii vote at
their annual meeting Thursday proposed 20 cent
increase in capitalization. it was announced yesterday
Under plan recommended by directors capital would be
increased to So million from SIS million and this would be
followed by 2for-1 stock split and 20 per cent dividend
shareholders and the district superintendent Of insur
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
CoyIe to Speak

William E. Coyle, sales di-
rector of Station WRC. will adj
dress a dinner meeting of the
Financial Public Relations
Council Of Greater Washing
ton at the National Press Club
March 25.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18

mark) 1880: Holland tguiider) 26.41.
lp 00la; Italy Qira) lisa of a cent:
Portugal tescudo) $50; Sweden
(kronal 1894: Switzerland Cfranc)
(free) 1884: Denmark (kronel 1880,
LATIN pr.z Ame erica AT Az wee M
leo Sol: Venezuela (bolivar) 5000.
Far East Hong Kong dollar 1885
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18

SERVES So YEARS-Kate
Strother Jasper, who has
retired at National Pub
fishing Co. after So years
as a proofreader, was hon.
ored by co-workers and
company officials at the
Sheraton Park Hotel last
night. In 1904 she started
work by posing as her
newly married sister, who
decided to give up the Job.
When finally the ruse was
discovered, she had proven
her value.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-18
Charter No. 2O3S Reserve District No. S
REPORT OF CONDITION OF THE
SECOND NATIONAL BANK

OF Washington in the District of Columbia at the close
business March A. 1858 Published in response to cal
made by Comptroller of the Currency under Section 521
Revised Statutes
The Farmville herald. (Farmville, Va.) 1957-current, 1958-08-22
Guineo Mills Roundup
Guneo Mills Roundup
Pfc. Wright AT Aberdeen, Md, After
Completing Course At Fort Jackson

Week end guests of Mrs. Frank
Wright and Miss Hester Wright
were Pvt Milton c. Wright and
Pvt LynWood House. Of Aberdeen
Proving Ground. Md Pvt Wright
successfully completed the vehicle
mechanic course at Fort Jackson,
Is, G.
Nh and Mrs j ID. Waycastcr
and children and MI and Mrs WI
G. Hcdrlck and children called in
the A q Waycaster home Of Din
WIN Sunday night A q has been
quite sick.
Mr. and Mrs John Wood Of
Buckingham, and Mr. and Mrs
Maynard French. Of Sunny Side
/ visited Misses Sarah and Pauline
Corson Sunday.
Dickir Fleming. Elma 10 and
Bon" Wilson and Miss Kathleen
Spcas, Of Cartcrsyllle, visited Mr
and Mrs Ross Bishop, OF Newport
The Farmville herald. (Farmville, Va.) 1957-current, 1958-08-22
DilIwyn Round Up
Buckingham Ruritans Hold Annual
Picnic With Ladies In Attendance

Mrs Robert Fielding. Charles
and Robert Edward. Of Lynchburg
and M and Mrs Joseph Granin-
ger and children, Of Roanoke
spent several days with Mr. and
Mrs Clayton l. Poole
Mr. and Mrs. Clayton l Poole
entertained Sunday with picnic
a home They entertained % guests
Including Mr., and Mrs. Robert
Fielding and sons. of Lynchburg.
Mi and Mrs Joseph Graninger
and children Of Roanoke. MIS-
Harry Wright. of Roanoke. Mrs. S
B Pearson Mr. and Mrs. Lewis
Marks and children, Dr. and Mrs
Lawrence Charlton and daughter
Sarah Of Fayetteville. Ark, and
the Rev and Mrs D " Charlton
Of Enfield n G.
The Buckineham County Ruritar