davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05
FHLB SYSTEM
SEEKS MORE
LOAN FUNDS

As 1888 begins. the Fed
eral Home Loan Bank
Board Is considering some
means Of channeling long
and intermediate capital
funds into reside initial
mortgages through sale Of
intermediate TO long term
obligations In the invest
ment market. Chairman
Albert J. Robertson said in
a year-end statement.
Funds so raised could
either be lent directly as
long term advances to in
stitutions which could use
them. or under another
plan. they could be used to
finance q secondary mar
ket within the system.
subject to appropriate
legislation. or as a sep
arate operation" he said.
The savings and loan in
dustry had one of its best
years in 1857 and a good
1858 appears in prospect.
he declared. Mortgage
lending in 1857 was down
slightly from 1855 and
should hold at above the
same level in 1858. he
added.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05
Associations
Expect Strong
Loan Demand

Washington savings and loan
associations expect demand for
loans for construction or pur-
chase Of owner-occupied resi-
dental properties TO remain at
high levels In 1868. reported
Joseph p. Burke. IT.. president
Of the District Savings and
Loan League.
Mr.. Burke. who Is vice presi-
dent OF Columbia Federal Saw
ines and Loan Association
pointed TO signs Of an easing
in home credit and an increase
in the >sate of new family for
nations. There has been no
"over- building In single fam
lily homes, he emphasized.
Leveling on Begins
There is every indication
that the price Of money now
has reached its peak and the
marked upward trend during
1857 will now level OF and be-
gin to reverse It's course. said
Mr.. Burke.
Action OF the Federal Re-
serve Banks in reducing their
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05
Mechanics Needed

ST. LOUIS. Jan. 4.-More
than 10000 new garage me-
chanics must be trained in 1858
II the Nations 81 million motor
vehicles are to be maintained
in good driving condition. ac-
cording 10 the president Of Car
ter Carburetor Division of ACT
Industries. Charles Z. Hoffman
saio the automotive industry
must Coordinate its efforts to
raise service standards.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05

citation accounts are insured up
TO $4,000 have enabled the as
sociations TO continue their
steady growth. Mr.. Burke said.
League members hope Con-
gress will approve a proposal
Of the United States Savings
and Loan League TO make 1t
easier for people to buy homes.
The proposal calls for estab-
lishment Of a privately financed
Home Loan Guarantee Corp,
which would insure the top 20
per cent Of conventional home
loans and thus enable savings
and loan associations TO make
larger loans and permit pur-
chasers to acquire homes with
smaller down payments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05
Gross Earnings
|0fD.C. Banks
Climb in Year

Gross earnings OF District
banks set new records in 1857,
but the earnings outlook for
1858 Is not clear. declared Frank
A. Gunther. president Of the
District Bankers Association.
Pointing out that the 1857
gains were made In a favorable
climate OF loan and investment
interest rates. Mr.. Gunther said
the price Of money next year
viii depend on many factors,
only few Of which are sus-
ceptible to local control.
Lowering Of the Federal Re-
serves discount area In Novem-
Der reduced the cost OF bank
borrowings but In itself did
nothing to add to available
lending funds. said Mr.. Gum
thef. who Is executive vice
president Of Security Bank.
Operating Costs Climb
Bank profits were generally
satisfactory" despite new peaks
in operating costs. including a
major increase in interest paid
to time and savings depositors.
he reported.
Washington bank deposits
declined slightly between the
first OF 1857 and October IL,
but Mr.. Gunther said time and
savings deposits alone rose
about Q per cent.
Banks have shared In the
general awareneSs Of the need
for saving" he continued.
Some depoSitors have shifted
surplus funds to savings ae-
counts to take advantage Of
favorable interest rates.
"A factor In the overall de-
poSit decline has been with
drawals Of funds by corpora
tons and large depoSitors for
investment in short-term Gov
ern securities for revenue. A
decline in rates on short-term
Federal obligations may start
a gradual return of such funds
to the banks" he predicted.
"Insistent customer loan
demand In 1857 resulted in in
dividual banks pushing upward
against what they regard as
conservative loan limits" Mr.,
Gunther declared.
Loan Demand Eases
This condition now Is cas-
ing somewhat and should ease
further In 1858 as the national
economy. and our local situa-
ton as well. moves in a more
nearly horizontal direction.
But this does not neces-
sarily foretell easier money or
lower interest rates" he eau
toned.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05

discount rates will increase
further the amount OF money
available in the home mortgage
market"
Assets Of the 30 member as
sociations Of the District league
reached q new peak Of nearly
1895 million In 1857. q gain of
more than $50 million. he said.
In the same period. savings
rose To- q record t783 million.
an increase Of more than SCI
million. Nearly $4,000 new ac-
counts were opened by the as
sociations In the year. a gain
Of 7 per cent.
Higher Dividends Help
More liberal dividends and
the fact that all member asso-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05
1900 BANKS
KEEP FDlC
BUSY IN 1857

Supervising more than
i3.400 insured banks Of
the Nation kept the FEEDER
al Deposit Insurance Corp.
pretty busy in 1857. Chair
man Jesse p. Wolcott dis
closed &C the year end.
FDIc examiners con-
Quoted more than 6.700
bank examinations and re-
viewed about $500 more
examinations made by
other supervisory agencies.
Insured banks with
more than 1870 million ac-
counts represent IS per
cent Of all banks in the
Nation.
One insured bank failed
in 1857 and FDIC paid out
more than 81 million to
protect its 1900 depositors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05

ers Of around 400 corporations.
and trading volume In 1857 rose
more than 5 per cent In con-
trast to an average decline Of
l per cent for all leading
exchanges.
Riggs and AS&r Lead
Mr.. Rouse. who complies
over-the-counter quotations for
this region and Is partner in
Rouse. Brewer d Becker. said
demand for bank stocks has
been very noticeable. Riggs Ma
tional and American Security
shares have led the list. he
said.
However. offerings Of bank
stocks are small and of more
than 20 bank stocks listed
either on the exchange branch
or on the over-the-counter
market. less than ten were
actually involved In 1857 trades.
he said.
With earnings and dividends
holding up well. stability OF the
over-the-counter list has been
marked. he emphasized. Where
price declines have appeared
they have been moderate. AS an
example. Mr.. Rouse cited Drug
Fair shares. which were mar
keted at IS a share last May
and now are selling around s..
Bonds in Good Demand
After several years OF con-
centration almost entirely on
stocks. there was widespread
enthusiasm for bonds in the
latter part Of 1857. said Mr..
Farquhar. who is a partner of
Alex. Brown & Sons.
For a few weeks in mid
summer the Standard d Poor
charts showed average bond
yields exceeding stock yields. ="
he said. This was quickly
reversed by an upsurge in bond
prices coupled with an ex-
tremely weak stock market.
Currently bond yields are
about one-half per cent below
stock yields. a more historical
balance. Our members view
1858 with mixed emotion. Bond
men tend 70 smile while frowns
predominate among stock men.
All realize the Importance Of
broadening the scope Of our
industry with emphasis on con-
tinued formation and proper
placement of new capital to
finance American industry"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05
CAPITAL SECURITIES

Observation-Disclosures STOCK EXCHANGE
n.no,, Sales ns ios the Year 1897
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05
1857 NEW YORK EXCHANGE BOND SALES
Sales
in fOtia

Bonds IN 100 1000, Hsh Low Las, d Sss
skF;Ss II ). q sst s::s ' q: So 7.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05

ers of around 400 corporations.
and trading volume in 1857 rose
more than 5 per cent In con-
trast to an average decline Of
l per cent for all leading
exchanges.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-05
DC. Stocks Stable,
Bank Issues in Lead

Securities Of Washington area
institutions were more stable
than the general securities
markets during the last year
and bank stocks continued to
claim major attention. invest
:ment leaders reported yester-
day.
Harry B. Gram. jr.. chair
man Of the Washington branch
Of the Philadelphia Baltimore
Stock Exchange pointed to in
creased cash dividends and
stock dividends as factors in
supporting investors conf
dence.
Edgar B. Rouse, chairman of
the Washington and regional
quotations committees Of the
National Association Of Securi-
ties Dealers, reported area Sc
curities traded over-the-coun-
ter also were unusually stable.
Norman FarQuhar, president
Of the Washington Bond Club.
said bond men have had q very
good year.
Among companies increas-
ing cash dividend payments
were Federal Services Finance,
Government Employees Group.
Lincoln Service Corp. Potomac
Electric Power Co. Southern
Oxygen Co.. State Loan q FL
nance and Woodward Il 10th
rop. said Mr.. Gram. who is a
partner Of Johnston. Lemon
q Co.
Bank Holders Fare Well
Holders Of bank shares Jared
we'll" he added. City Bank
declared a I per cent dividend.
Security Bank a 10 per cent
stock dividend and Riggs in
addition to splitting its shares
4 for l declared a 1884 per
cent stock dividend. The Bank
Of Commerce gave rights to buy
one new share for each two
shares held and these fights
had a market value Of apur)xi-
mately 500 each.
Another popular stock. Hot
ShoppeS. joined the ranks Of
shares on which stock dividends
were paid. An item OF con-
siderable interest was merger
OF Lincoln National into he
National Bank Of Washington"
The Philadelphia Baltimore
Stock Exchange now maintains
markets for investors and hold
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-26

does not in fact indicate a
violation of the terms Of the
decree, it would be unfair to
disclose it to the public.
ITO depart from this prin-
ciple in a specific case could
seriously hamper our judgment
enforcement program. Where
the information obtained does
disclose Judgment violation, the
department will, of course,
place it in evidence at the ap-
propriate stage of litigation. "
Mr.. Hansen was not con-
nected with the department
when the consent settlement
was negotiated in January,
1856. He took Office several
months later.
Cites Executive PrerOgative
Mr.. Hansen said refusal to
release certain data to the
Legislative branch is author
lied by Executive prerogative.
He said that disclosure of
interofice memoranda and
recommendations would inter-
fere with the aims of the de-
partment to get objective view
points from those involved in
individual cases. Recommends
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-26

Question Two
Commissioners

Two Federal Communica-
tions Commissioners who voted
for losers in a Miami televiSion
case testify today before the
House Legislative Oversight
Subcommittee.
Commissioner Rosel H. Hyde,
who said yesterday nobody in
fiuenced his vote improperly.
winds up his testimony. Com
missioner Robert r. BARLEY is
next on the witness list
II did not feel at any time
THAT was under any pressure. :"
Mr. Hyde told the subcommit-
tee yesterday, He voted to
award TV Channel 10 in Miami
Ito L. B. Wilson, Inc.
Heard No Mack RumOrs
Rumors that Commissioner
Richard A. Mack had pledged
his vote to National Airlines
never reached him, Mr.. Hyde
said. If he had heard such re-
ports. he added. he would have
taken action.
Mr.. Mack resigned from the
commission under fire after dis
closures of his financial deal
ings with a spokesman for Ma
tional Airlines, which won the
lTV channel. Commissioner
BARLEY voted for A. Frank
Katzentine, a Miami Beach
broadcaSter who has charged
National Airlines with exerting
improper pressure on the FEC.
Although he heard no solid
information about pressure. Mr..
Hyde said; Mr.. Mack gave the
impression" that the case was
a tough issue" for him because
it involved his home State.
Denies WrOngdOing
Questions on Channel 10 were
incidental to the main object
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-26

tons made at lower echelons
are subject to change later on,
he pointed out.
In one letter, Mr.. Celler
specifically had asked for
memoranda from Edward A.
Foote, once an employe of the
antitrust division. alleged by
Mr.. Celler to have been sent
to Stanley S. Barnes. then head
of the antitrust division, IN
1855. Mr.. Hansen said he
notified Mr.. Celler that a
search of the files failed to
turn up the memo so that the
department could not give any
consideration to the legislators
request.
Mr.. Celler said yesterday
that the subcommittee had
received full cooperation from
the companies involved in the
antitrust settlement when
asked for their records.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-26

that Continuing liaison" with
broadcasters Is necessary II q
commissioner is to keep abreast
of his job.
On the same grounds. he
maintained it was proper for
him and other commissioners
to accept the use-on loan-of
color television sets in their
homes.
Paid More Than Collected
Actually, Mr.. Hyde said. he
has spent more than he has
collected for trips on ofiicial
business. II am not a money
grasper." he added.
Questioned about a $22 en-
tertainment item paid by his
hosts at a broadcasters' con-
vention. Mr.. Hyde said he had
only ginger ale.
AS for a hotel bill Of $84
in San Francisco. he testified,
his hosts must have been
taken" He recalled spending
one night in a plush suite. But
on the second day a wedding
reception wandered in and he
moved out to more modest
quarters.
The subcommittee's new
counsel. Robert w. Lishman,
handled interrogation for the
first time. BY contrast with
his ousted predecessor, Bern
ard Schwartz, Mr.. Lishman
used a low pressure-almost
Notwithstanding in ques-
tioning the witness.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-26

partment had materially ham,
pered" a Congressional investi-
cation of its settlement of an
antitrust suit against Western
Electric Co.. and the American
Telephone & Telegraph Co.
The obstacle. according to
Mr.. Celler, was the refusal of
the department to turn over
files in the case.
Quotes Letter to Celler
In this connection, Mr.. Han
sen released the text of a letter
sent by him to Mr.. Celler on
August %, 1857. The letter said
in part:
These considerations which
require that the department
treat on a confidential basis
communications with a de-
PENDANT during consent decree
negotiations also apply to the
enforcement of a decree.
Confidential information OBJ
tanned from a defendant which
may be required to ascertain
whether there is compliance
with the terms of a decree
might. nevertheless, be harm
full to the defendant if dis
closed publicly.
Where such information
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-26
Hiroshima Protests
To Trumun Anew

HIROSHIMA. Japan. Mar.
26 (R.-Hiroshima has sent q
second letter to ex-President
Harry Truman protesting his
attitude toward the atomic
bombing of the city.
The municipal assembly an
nounced the letter was mailed
yesterday. The assembly sent
a similar protest to the former
President after Mr.. Truman de-
clared on an American tele-
vision program he had mo
qualms" in ordering the bomb
ing IL years ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-26

of the subcommittee's current
Observation-Disclosures Of per-
sonal misconduct charges
against commissioners.
Mr.. Hyde maintained he did
no wrong in collecting 1892 in
Government per diem allow
ances for five trips to conven-
tons of broadcasters. although
his hosts paid his hotel bills
totaling $272.85.
Nevertheless, he offered to
repay the Government If that
would clear his name. ITS q
pitiful amount to raise q ques-
ton Of integrity" he remarked.
He said an opinion by the
Comptroller General in 1854
supported his contention that
the per diem payments were
proper.
Law Is Cited
But in a letter to the sub
committee, Comptroller General
Joseph Campbell said payment
Of hotel bills by a host industry
is prohibited by law. Mr.. Camp
bell said a Federal employee may
collect Government per diem
for trips to conventions.
The rule on per diem should
be clarified. Mr.. Hyde COM
mented.
At any rate. he swore. hos
pitality by the industry he
regulates never has influenced
his ofiicial actions. He argued
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-26
Justice Aide Answers
CeIIer Charge on Doto
BY HOWARD L. DUTKIN
Star stan Writer

Assistant Attorney General Victor Hansen declared
terday that release certain information the House Antitrust
subcommittee would be unfair"
Mr. Hansen head of the Justice Departments antitrust
division made his observation replying by SUBJ
committee Chairman Celer, Democrat of New York. :.
Representative Ceer asserted yesterday the Justice
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-03-26
Denies Wrongdoing

Questions on Channel 10 were
incidental to the main object
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-13
OF Love !.
and Laughter
- BY MARJORIE HOLMES -
Pile of Bricks Turn Life
Into q Backyard PurudiSe

"oh boy, look, big truck and It's turning In your
drivel"
"Yeeeay, man, here she comes the brick truck for
the patio we're buildngl"
Word spreads like widhre they come running from
all directions children Of assorted sizes.
Nov YOU kids stand back" the driver orders and they
obey In little huddles solemn-eyed and impressed they
watch with vast creakng and groaning the end
rises and out the bricks come tumbng In roaring cata-
clysm
They carefully draw back further as the big truck backs
out Then they dart forward TO swarm the pile like rats
claiming the plumber
Instantly singly pairs they begin kind Of joyous
panless building Or they load up little wagons Just to haul
them around
The excitement is quite as keen when second truck
arrives with the sand Again they watch. voorhees, II
spills its TALL shining Then they attach
rampng 1t ecstatcaly sitting through their hands-and
throwing IL. Of course.
You settle couple Of battles 90 get the baby
TO enjoy 1t with them BY the time you return Of
them have dared home for pals and shovels in
tenty building tunnels castles
The baby sits chorng, patting its softness lightly.
graspng 1t in plump fists. and eating some.
The yard swarms with activity all day.
You reminded Of colony of ants OF beavers. OF
the three little pigs busy building their houses to keep
the wicked wolf away.
Seems almost shame to use it for anything else" you
tell your husband when he comes home. And he agrees
Dialogue With Young Person ..
II want to 20 away to college because want TO
leave home but mostly because don't want to eave And
that proves I'm still child 1t would be much easier
and simple and pleasant to Just stay here with my family
shouldn't feel this way but I'm afraid If do I'll keep
right being like my mother and father
II mean-theyve always Influenced me and set a GER
cain pattern. And it's wonderful pattern, it really is.
terribly glad have had It, But don't want to be
Just carbon copy of somebody else don't want to have
only their IDEAS though those ideas the best
you could have want to find out what ideas are
Il want to be myself"
Memory Pictures 80.
little fellow patting barefooted downstairs looking
with his cosecropped head and long white nghte like
tiny white-robed priest.
The furious haste with which he shoves the kitchen
stool up cabinet then Chambers onto the counter
The placid concentration with which he helps himself
to crackers stus his mouth with rasns tastes jelly from
a tilted dish.
His start of guilt and protesting, kicking wall when
caught and handed down.
The Secret Wish OF Every Womon...
To be loved and told so. To be complimented on
her clothes well as her cooking To go to a dance
and dance!
Sunday: Bobys bath would poir Of westes and
modern donee critic of Love end Laughter in the WOmens
Section.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-13

a. Protestant Cadet Chap
lain. U. s. Air Force Academy.
Chaplain Finnegan. who
succeeds him as Chief OF
Chaplains was promoted 10
the grade Of major general
on July l when Chaplain
Taylor was promoted 10 brig
adler general and assigned as
deputy chief.
Guests invited TO last
nights party included the
Secretary OF the Air Force
and Mrs. James II. Douglas.
Mr.. and Mrs. James p. Goode,
Mr.. and Mrs. John A. john
son. Gen. and Mrs. Thomas
d. White. Gen. and Mrs.
Curtis LeMay. Col. Emma ].
Riley. director Of the WAF,
and many more.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-13
Supply Corps
ToGive
Reception

The Navy Supply Corps Of
flcerS and their wives will
hold a reception August Is
from 7 to $3.50 pm. at the
Army Navy Country Club,
to greet Rear Admiral and
Mrs. j. w. Boundy.
Rear Admiral Boundy will
relieve Rear Admiral r. j.
Arnold as Chief Of the Nays
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-13

Mantle-Ihe cloak or loose
garment without sleeves IL
slated for . revival In fash
ion. II IL At Ia best with the
fuli-skirted dress with new
higher waistlins and should
prove q welcome evening
style. The mantle has had
favor with many in the past
by widows In the Middle
Ages; the short mantle or
mantelette popular during
the Empress Eugenies time
and even as q wrap Of fur OF
coarse wool worn by the
American Indians.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-13
Chaplains
Honored
AtPartY

A reception was held last
night in the Boiling Air Force
Base ofheers' Club honoring
three Chaplains-MaI. Gen.
Charles I. Carpenter. Mai.
Gen. Terence p. Finnegan
and Brig. Gen. Robert p.
Taylor.
Chaplain Carpenter. Chief
Of Chaplains U. s. Air Force
since 1919. viii leave tomor-
row for his new assignment
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-13
The Secret Wish of Every Won

Bureau Of Supplies and Ac-
counts on August 81, at which
time Rear Admiral Arnold
will leave to become Com
manding Officer at the Naval
Supply Center, Oakland,
Calf.
In the receiving line will
be Rear Admiral and Mrs. r.
j. Arnold and their daughter
Marilyn; Rear Admiral and
Mrs. j. w. Boundy; Rear
Admiral and Mrs. L. P. Kim
ball, jr., and Commander j.
W, Parker.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-13


II you wlah 10 achieve this
summers look Of brilliant
eye beauty. practice drawing
eye liners 80 that they are
preciAion-perfect.
First sharpen your eye
brow pencil 70 q fine wedge.
as q blunt point creates q
blurred. fuzzy outline. Then
partially close one eye and
hold the upper lid taut by
gently pulling the outer cor
ner toward the temple with
the forefinger. Glide the PEN
ell point In a straight line
close 10 the roots Of the up-
per and lower lashes. and
then use the pencil 10 feather
color subtly into the lash
roots. Add your eyelash make
up, and your orbs win have
the expressive beauty that Is
an essential part Of glamour.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-13

1907 r Open 1919 Thurs.
7ih & X 1919 Thurs.
3lI3 18th 1900 Daily
4483 CONN. 1900 Daily