davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-22
Independent
=, =
Their Origin ("

A fact generally overlooked BY
many during the excitement OF
FGGaire Adams Is that Sherman
Adams "imprudence" was revealed
in the course OF House investiga-
ton into the operation OF the
Governments independent adj
ministrative agencies.
This-not the embarrassment Of
high officials-is still the task
assigned 70 Representative Harris
Subcommittee on Legislative Over
sight.
The regulatory agencies, such as
the Federal Trade Commission
and the Securities and Exchange
Commission which have figured In
the Adams case, were set up by
Congress 20 take care OF matters
which Congress gradually found
itself too busy to handle.
Over the years. as industry.
transportation and communica-
tons spread over State lines and
thus made more intricate-and
constitutionally impossible-their
regulation by States. the public
interest demanded that their con-
troll be centralized.
Commerce Commission First
The first one created by Con-
gress was the Interstate Com
merce Commission in 1887 1t
grew out of the rapid expansion
and accompanying problems OF
the railroads. The idea was to
staff the new commission with
experts capable of writing and
administering the regulations un-
der which the railroads could OPP
crate lin the public interest"
The commissioners were to act
Independently of the industry. the
White House and political pres
sureS in general. Their function
was part legislative, part judicial
and part administrative. #
In later years. when new regula-
IOIN UOltCc OCCdAhC AACICoonASs sAAN
ICC served as their model.
The second such agency created
by Congress was the ETC. assigned
to handle 19l4's new fair trade
practices act and the amended
anti monopoly laws. 1t was
followed in 1880 by the Federal
Power Commission. charged with
regulating the power producing
industries.
In quick succession came the
other three big regulatory bodies
which the Harris subcommittee is
authorized to investigate: The
Civil Aeronautics Board, the Fed
eral Communication Commission
and the SEC, charged with con-
trolling aviation, communications
and finance.
Power Is Enormous
The control by these agencies OF
the hundreds of businesses that
come under their purview is so
great that few words in an order
handed down by one of the agen-
cieS can destroy going business
or put a shaky one on its feet.
Their authority is not absolute.
however, for their decisions can
be appealed to the courts.
But nothing is absolute in our
system, not even the independence
Of these independent" agencies.
The regulatory bodies are depend
ent on Congress, not only for their
funds, but for their very life,
which Congress can take from
them as it has given them.
Congress is often jealous Of this
dependence which the agencies
have on the Capitol. Consequent
ly. it watches closely the limited
authority the White House has
over them. The executive author
ity is confined to appointing the
chiefs of the agencies with the
Senate's advice and CONSENT. and
more Importantly, the purse
strings which Congress shares re-
luctantly with the Presidents
Budget Bureau, which tells each
agency how much money it may
ask of Congress.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-22
BY GEORGE w. CAKES
Special Writer for The Star

Surplus American farm prod
ucts are making it possible for
many peoples throughout the
world to learn more about Ameri-
can cultural and educational life.
Our agricultural SURPRISES sold
abroad earn millions of dollars in
foreign currencieS to defray es-
sential United States Government
expenses. These range from pay
ing a large portion of military
maintenance costs to financing
American-sponsored educational
institutions and establishing cul-
tural centers devoted to increas-
ing knowledge of American life,
The overseas sale of such agri-
cultural commodities as wheat,
rice, cotton, tobacco. dairy prod
ucts, poultry. fats and oils. fruits
and vegetables was authorized by
Public Law 480 five years ago.
More than Sis billion worth of
these products have been shipped
under agreements negotiated with
35 countries. Most commodities
have been accumulated as a result
of the Governments price support
program to aid American farmers.
Although a substantial amount of
the foreign currencies earned are
loaned to the respective countries
for development projects, the
agreements provide that large
proportion of the money is to be
used for United States govern
ment expenses in each country
construction of military housing,
pay for United States troops to
spend abroad. upkeep costs OF
American embassies, etc.
Eleven countries have so far
agreed that some funds gen.
Grated by the sale of American
surplus from farm products
should be spent on certain edu-
cational and cultural activities
that will promote a greater I'M
Outstanding of the United States.
These are only one facet of the
Governments extensive and di-
verse programs that include Ii
braries, book publication. art,
music, etc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-22
NEARBY VOTES

Votes of the nearby Maryland
and Virginia Legislators on major
roll calls in Congress last week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-22
Millions for Schools

Nearly SO million was allocated
in the current fiscal year for
American sponsored schools. Such
institutions must be non-secretar-
ian and non-profit-making. They
cover the field, from elementary
schools to colleges. The purpose in
supporting and expanding these
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
PEOPLE
IN
BUSINESS
Thorpe Wright, makeup man

Thorpe Wright, makeup man
at Byron s. Adams printing
arm, has completed SO years Of
service with the company. When
he started, on January IL. 1908,
there were around IS en-
ployes and now there are more
than so.
Edward G. Howard, former
Washington representative for
the defense operations division
Of Chrysler Corp, has become
representative for Royal Indus
tries Corp. and the Pesco Prod
ucts Division of Borg-Warner.
F. w. KlOckenbrink, a sales
man for Addressograph- Multi
graph Corp. here, has become
q director of the company's
honor organization, the Hun
bred Club, and will receive a
special award at the clubs an
nual meeting at White Sulphur
Springs. w. Va. February 24-27
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
CHICO LIVESTOCK

CHICAGO. Feb. 10 11 CUSDA).=
lower early on butchers; later trade
bulk sales 25 lower; up 10 as much as
SO lower on . few lots: sows scarce;
LETT a few "a l90-23p 10. butchers
2O.25-20.85: little above 1880; a few
several lots i-2 20O-225 lbs. GOES
21.00: around 100 head mostly Is
these weights sorted for grade at
II LOO; 2-3 240-27O lbs. 1920 %;
q few lots 2.3s mostly 3s 2SO-3lO
lbs, 19.0O:l9.55; q deck i;2 $50 lbs,
1920 ana b. head ID. lot No. 's sr sSs
4S5-s5S y. Soys I5;0o-is;o0; few
head lot No. I 400 lbs. 1850.
Salabie cattle, 5000; calves, 1905
high choice and prime steers scarce;
average choice and below steady. to so
lower: high choice and prime heifers
absent; good to average choice steady
to so lower; utility and standard fully
steady: cows steady to strong; bulls
mostly steady; vealers. stockers and
feeders steady; q few AVERAGE &c high
choice l.l2b.l goo y. steers, $500; q
and low. choice, 90 .5O-2b so; few good
and choice heifers. 90. OO-26 90; stand
ard. 1g.OO-21 so; q few standard cows.
ls,OO-1p.50; utility ana commercial.
16.O0-1S.5O; Gamers snd cutters.
13,bO-16. so; utility and commercial
vealers, -, OO-33 90: q few culis as low.
1900. q few common 70 low medium
stock steers, 17.0O.19.o0.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
CHICAGO GRAIN

CHICAGO, Feb. 10. GP.-After OPEN
ing both above and below previous
closes, ,grain futures prices did a
today on the Board Of Trade.
Transactions were moderate to
heavy for a while as demand picked
up on word from Washington that q
sctlon on a bill to freeze ali farm
support prices at the 1857 levels.
The Department Of Agriculture had
proposed reductions.
One commission house was q heavy
buyer Of July wheat. and prices at
one, time were up around cents a
soybeans and some other grains had
smaller rallies, most OF them moving
" Near the end Of the FIRST hour wheat
was y to 17s higher, March 81 1884;
corn "a to l higher, March 81 .O99e;
oats unchanged To "a higher, March
64%;. rye unchanged to higher
March Sl.25h: soybeans "a. TO lN
higher. March $4,000; and lard I'M
sShansed TO ; cents a hundred pounds
The trade generally appeared to
have been caught again in q thicken-
ing gloom on the outlook for anything
more than brief minor rallies In the
While prices may stifen from time
to time on favorable DEVELOPMENTS.
most traders said the .weight Of cir.
epmstaneess tilted soS sentiment toward YARD
s ter rss declines I'M; had not Completed
the adjustment TO the large stocks Of
grain and soybeans in commercial
positions as shown By Tuesdays Gov
eminent report.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
GIN Reports
Hourly Pay
Set Record

DETROIT, Feb. Is (R.-Gen-
eral Motors reported today its
hourly rated workers in United
States plants last year averaged
a record 1894 an hour for an
average hourly wage for last
Harlow H. Curtice, GIN pres
ident, and Albert Bradley,
chairman Of the board, said in
a statement preliminary to
their annual report that the
average hourly wage for last
year was up Is cents over the
previous high set in 1856.
Contributing to the increase
was an annual improvement
factor raise Of ~ per cent of
base hourly rate, or 6 cents an
hour, whichever was higher,
and q 6-centS-an-hour increase
in the cost-of Living allowance
during the year, the statement
said.
GINS hourly workers aver
aged 1868 for an average So
hour work week in 1856.
They said payrolls Of ST..
855, 100000 went to an average
Of 350,398 GIN hourly rated
employees in the United States
in 1857.
Worldwide GIN payrolls last
year totaled $2.955. 100000 and
an average of 588.160 persons
worked for the corporation
throughout the world, the
statement said.
GIN said its hourly employees
in the car. truck, body and as
sembly divisions in United
States plants earned an aver
age Of $104.37 for an average
39-hour work week last year.
The company said that al
though there was a reduction
in production and employment
in the second and third quar-
tiers, higher schedules for pro-
duction Of 1858 models in the
fourth quarter resulted in an
increase in employment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
BUSINESS
BRIEFS
Business Loans by member

Business Loans by member
banks in the week ended Febru-
airy S totaled $29,99 900, 900,
down $207 million from the
previous week, but up 1858
million from the like week a
year ago. Federal Reserve
Board.
Crude Petroleum Production
in the week ended February z
averaged $3.50, 1856 barrels daily,
up $4,000 from the previous
week and compared with 1851
215 in the like week q year ago.
American Petroleum Insti-
tute.
Penna. Bell Telephone in
year ended December 81 earned
$43,422.674 VS.. $34.02o,462 in
1856.
Pacific Gas & E. in year
ended December 81 earned $76,-
100000 or $3.41 a share vs..
$75,774.000 or 1887 in 1855.
Columbia BrOadcasting in
year ended December % earned
$22.1 million or $3.50 a share VS..
$l6,283, 900 or $2.17 in 1856.
Schering Corp. in year ended
December 81 earned $751; 900
or $3.50 a share VS.. $13.868 900
or $3.41 in 1856.
Signal Oil q Gas in year
ended December 81 earned $13,-
1000 or $3.O3 a share VS..
$40, 694. 900 or $2.4S in 1856.
Mead Corp. in So weeks
ended December 20 earned $l1.9
million or $2.93 a share VS..
SAL million or 1913 in 1855.
p. r. Mallory g. Co. in year
ended December 81 earned So
$4,000 or $2.04 a share VS..
$3,065,10 or $3.50 in 1856.
Standard Register Co. in year
ended December 81 earned $2,-
500, 900 or $2.56 a share VS.. $2,-
283, 900 or $3.50 in 1856.
N. Y, Chi. g. st. L. Rwy. in
January earned $532.051 VS.. ST.
132,088 in 1857.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
Refinuncing Planned

NEW YORK, Feb. Is up. -
Olin Mathieson Chemical Corp.
said yesterday it will call for
redemption all outstanding
convertible preferred stock and
two subordinate debenture is
sues, the Series A 41as and
Series B 43ss. The company
plans to issue $40 million Of
convertible subordinate deben-
lures with proceeds to be used
to refund the called issues.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
U. S. Cotton Sales
To Jopon 4 Times
Textile Imports

NEW YORK, Feb. 10 (R.-
More than four times as much
American cotton was sold to
Japan in 1857 compared with
sale Of Japanese cotton tex
tiles in. this country.
The Japan United States
Textile Information Service
said the figures were $224.524,-
600 in cotton goods exported
from the United States to
Japan and $53.793. 900 in goods
imported from Japan to the
United States.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
Stock Prices
Turn Higher;
Trading Gains

NEW YORK, Feb. IS R.-
The Stock Market was ahead
in moderately active trading
early this afternoon. Leading
issues rose fractions to more
than q point. Drugs. helped by
some reports Of record earn
ings, were pacemakers as they
continued their recent advance.
Tobaccos, airlines, rails, steel
and oil and rubbers also were
well ahead.
Market analysts noted en-
couraging items in a forecast
Of higher OUTLAWS for heavy
construction, ICC permission
for selective rail freight rate
increases and the 50 billion
plan for Post Once improve
ment.
Record earnings by Soldering
added to those Of Parke, Davis
helped the drug group. Parke,
Davis rose well over a point.
Schering was steady. Merck was
up around a point and Rexall
and Pf1zer fractions.
Gains of more than a point
were made by American
Tobacco, Allied Chemical and
Eastern Air Lines.
Ahead about a point were
United States Steel, Goodrich,
Douglas Aircraft, American
Telephone, Kennecott, Air Re-
duction and Royal Dutch.
Zenith scampered ahead
around 4. A 10,000-share block
Eof Rhodes Selection Trust
traded unchanged at IL.
Chesapeake & Ohio, Illinois
Central. Baltimore & Ohio
Santa Fe and Southern Rail.
way added respectable frac-
tons.
Corporate bonds were higher
Government bonds were UNI
rhonOad
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13

Hourly Sales on the Gxehsnss
lI.OO am Je0 700 Noun 500 600
i;00 pm 4 ITO 600 9:OO IN o 600 600
tunit OF tradins 10 shares OF Salss
in full Rates Of dividends IN the tore,
going table are annual Disbursements
based on the last quarterly or semi.
annual declaration Unless otherwise
noted, special or extra dividends are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
Buick Changes Agency

FLINT, Mich, Feb. IS (R.-
The Buick division of General
Motors today announced it has
placed its $25 million advertis-
ing account with the Mccain
Erickson agency. Buick recently
said it was discontinuing rela-
tons with the Kudner agency
which handled the motor car
account for almost IS years.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
DIVIDENDS

B Annual rats plus stock dividend
DECLARED or paid in 1857 plus stock
s az yssr pssslsTss z, IsS S,1 .r
1857 estimated cash value on ex.
dividend or redistribution date, Paid
stock dividend or spiitup kDeciared
~ iasus Win aiv,dsnas IN arrea I1u = pssd
this wear dividend omitted. deferred or
no action taken at last dividend meet.
ing rDeclared or paid In 1857 plus
stock dividend Payable In stock
ex-dividend or redistribution date
' Liouidatins dividend cid Called Z 81
dividend x-dis Ex distribution xr Ex
right XIV without warrants Wv With
w %r5sp t:u.o va w NsE, dsy s d.ysS,
bankruptcy or receivership or being
reorganixed under the Bankruptcy Act.
OF SECURITIES assumed by such companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
FOREIGN EXCH'GE

rx NEW Yos sls: Err SlIo 10 RF E,..
in dollars. others in. cents unchanged
unless otherwise noted:
Canadian dollar in New York open
market 9 per cent premium or 1O2 90
Europe: Great Britain lpoundl
go SSias, ofi q; s0-dsy futures
. sos, on 3L32: 9O-day. futures 2.7Os
on 500; selgigT trans, - 2;oo .H.;;
ernl tdeutsche mark $3.50; Holland
lguilderl 2040, up .00h Of a cent;
italy iliraJ .l8h; Portugal lescudo)
$50; Sweden ikrona) 1884: .Switzer-
land (francl tfree) 23.34: Denmark
lkronel 1880.
Latin America: Argentina tfreel
s.72: Brazil (free) 1.04; Mexico sol:
Venezuela lboiivarD 1000.
Far East: Hons Kong dollar 1896.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
N. Y. PRODUCE

NEW YORK. Feb. IL IN, (UsDA) -
Butter-steady; receipts. $4,000;
prices UNCHANGED.
cheese-steady; receipts. $4,000;
prices unchanged.
wholesale esq prices firm; receipts
1900. New York spot quotations fol-
low: MidwesteIn, mixed eolors, extras
(4b-4s lbsl. 3S-3Sys; extras medium,
37-37h; standards large. 37-3S;
checks. 34-35. whites. extras t4s-50
ibs) ap.4Oh: extras large t46-4S lbs)
$3.50; extras medium Sip 40 S51s7'A'
Nearby-Whites top quality t4S-50
lbsl. 4O-42; mediums, 39-40: smalls,
33,S.34hs. Browns. top quality (4s-50
lbsl, 4S-44: mediums 4Olh-4lhi
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
What in store for stocks!
That's never easy to answer, we admit.

That's easy TO answer, admit.
But with the help of our Research Department in
New York, we've just put together two-hour answer
that should make lot Of to any seasoned investor.
If you'd like to hear --a thoroughgon discussion
Of basic trends in economy, series Of specific sug
gestions various situations and Electives during
the months ahead-then don't miss Stock Market
Forum.
We're holding it on Wednesday evening, February
10Th, in the Clendenen Gymnasium of the American
University starting at 800 sharp
Bullish bearish think you'll find these two
hours well spent, think they should prove extremely
helpful to even the most experienced investor.
There's charge connected with the Forum, Of
course, but admission will be by ticket only
If you'd like to come, simply call and tell us, or
just mail the coupon below.
would Ike to attend your Stock Market Forum
Wednesday, Februarxl9 Q
Please tickets
Name
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
Rickenbucker Sells

NEW YORK, Feb. Is (R.-
Capt. Eddie Rickenbacker,
chairman of Eastern Air Lines,
sold $4,000 shares Of the lines
common stock. the latest "in-
siders report" Of the New York
Stock Exchange discloSes. He
retains COLTS shares.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
NEW YORK COTTON

NEW YORK. Feb 10 H.-Cotton
futures drifted lower in quiet DEALINGS
demand had been satisfied, the market
weakened on moderate LIQUIDATION and
Noon prices were 10 TO SO cents a
balls lower than the previous close.
March. 34.97, May 35.lS and July
1927. =
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13

KEN dividend. b Books closed. tPius
extra or extras a Declared or paid 80
far. this year. Paid last year. xr IL
rights.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-13
oDD-LoT DEALINGS

NEW YORK. Feb. IS 1.--The New
York Stock Exchange reported today
these odd-lot transactions by principal
dealers for February 12: Purchases Of
2O2. 9sS shares; Sales Of 177,7S2
shares including 5000 shares sold
short.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1958-04-10
Council Rules Out
Carver Conversion

High were the main reasons for
opposition.
The final adoption Tuesday of
the County Council had been pre-
coded by action at an open meet.
ing last Thursday at which no
members of the press were pres
ent. The vote to delete the Car
yer and Lincoln items from the
construction budget was 5 to 2
with Mrs. Stella Werner and j.
Grahame Walker the only mem
bers opposing.
School Board members reaction
Tuesday ranged from approval
by Harrison King who had fought
the two items from the beginning
to Mrs. Rose Kramer's statement
that eff the Councils purpose was
to slow up indignation they are
wasting their time. They can't
tie up Indignation with construc-
ton projects"
BOardmember Willard McGraw
was concerned over the fact that
the council had not restored an
original item for new West
Rockville school which the Car
yer conversion had knocked out.
Superintendent of Schools c.
Taylor Whittier, with the same
concern, said that Rockville's
other junior high, Broome, could
not take the load after 1860.
However, the superintendent
was hopeful that the council and
the board could get together in
the next year on site and archi-
tect's plans in time to save the
situation. The school people ex-
pressed surprise at the last-min-
ute notice of the Councils action.
The total capital budget of
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1958-04-10
Coop Stores
Plan Annual
Area Meetings

Coop stores in nearby Mary
land will hold five annual area
meetings simultaneously on April
II in Rockville, Wheaton, Silver
Spring, Westminster and Green
belt.
Purpose of the meetings is to
give the stores members, or
stockholders, an opportunity to
review the past years business,
to discuss their ideas on store
operation and management with
top directors, congressman and
management officials, and to
elect members Of the Coop Con-
gresS.
In Rockville, the coop mem
bers will gather at the Rockville
Civic Center and in Wheaton the
meeting will be held at Hughes
Methodist Church, 107OO Georgia
Avenue. Both meetings will start
at 8 PM.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1958-04-10
City Backs
Sewer Line

Joseph Geeraert, Rockville
builder won the Mayor and Coun-
ellis support Tuesday to get the
Washington Suburban Sanitary
Commission to build as soon as
possible an extension to its trunk
sewer in the Twinbrook Park
area.
Declaring that a sewage pump
ing station serving SO homes in
the Gruenther Avenue area Gre
ated a health menace, Geeraert
told of three incidents recently.
Breakdowns in the pump caused
raw sewage 10 overflow into
Twinbrook Parkway, used by the
children travelling to Meadow Hall
Elementary, and Broome Junior
High.
The builder said the construc-
ton of another 125 homes in the
area within the next year would
make the trunk line extension an
immediate necessity. All the
homes in the area are in the
WSSC district.
City Manager John MARYLAND
was authorized to help negotiate
for a speed-up of the WSSC. prof.
ect.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1958-04-10

Surprise move in the Coun-
ty Councils adoption of a
$38,676,214 school operating
and construction budget was
the elimination of $753,9
to convert the county's Negro
senior high to an integrated
junior high and close the only
Negro junior high.
Requested by the School Board
and included in the county man
ayers recommendations, the two
items had seemed slated for final
adoption.
The only opposition at the
Councils public hearing had
come from Henry Carter, presi
dent of West Rockville P-TA in
the area which the integrated
junior high would serve.
Carter told this newspaper
Tuesday that his organization had
sent a resolution to the council
against the conversion Of Carver
mainly on the basis that the 10.
cation was poor in relation to the
population it would serve. He
pointed out that Carver was one
half mile beyond the West Rock.
vile elementary which is on the
fringe of the present population
and that future development in
that area was going in the op-
posite direction.
Although some of the people
were opposed because of the seq
regatiOn issue, Carter said, the
location and the fact that many
felt Carver would best serve as
an integrated Central Vocational