davidaulloa/AmericanStories huggingface dataset:
St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1958-04-04

Down another aisle was a child
about five. Her Mother was choos-
ing clothes for her. The child said.
do / have to wear that?!
Evening star., 1958-07-08
Idu's States
Expansion
At$75,OOO

A $4,000 remodeling and ex-
pansion project starting next
Monday, was announced today
by Sidney Abraham, president
of Ida'S Inc, 38-year-old de-
partment store at Georgia ave-
nue., Longfellow street and Illi-
nois avenue, N. w.
He explained the initial work
will be done by ETH Co. of To-
ledo, display designers and en-
gineers, who will renovate the
main floor. c. P. Allison is the
architect.
Mr.. Abraham said the entire
interior will be redecorated in
the modern trend, utilizing soft
pastels for greater customer re-
Taxation, comfort and ease in
shopping: He expects the rem
ovation to be completed in time
lfor the back-to-school and the
fall season.
Two years ago, Ida's added a
30, 900 square foot paved park
ling lot.
Evening star., 1958-07-08
NBW Assets
And Deposits
Hold Steady

Washington's third largest
bank. the National Bank Of
Washington. showed compara-
lively little change today be-
tween the March 4 bank call
by the Controller Of the Cur
rency and the latest one, June
%.
B.L. Cotton. the banks presi-
dent, released these figures for
June %: assets $SOl. .557. .5O2;
loans sll2.775.5O7; government
securities $lll,56S,4ll; deposits
$275, ,652.830 and capital funds
$23. 1858.
For March 4, 1858, F. Stewart
Geigan, the controller Of the
bank recalled, similar figures
were: assets $308,967 .469: loans
$12l l.2l6.80l; government secu-
rites 05.694,043; deposits
1882, 1872, ,228 and capital funds
$2S. .9O2.l56.
Compared with the June s.
1857 bank call, the figures for
Evening star., 1958-07-08

loved their big lawns. One man
calls it his patch Of freedom. f"
What is true in New York is
true in Philadelphia and Pitts
burgh, in Chicago and st. Louis,
in Detroit and Los Angeles.
Item; A provocative percent
age Of buyers Of new homes on
the immediate fringe Of the city
are ex-suburbanites. A recent
poll Of hundreds Of homebuyers
in a new development within
subway distance Of Manhat-
tan's heart revealed one in six
had come directly from a sub
urban area and three out Of
four cited the difficulties Of
committing as the reason for
the move.
These families can't afford or
flnd apartments in the city's
heart or they want to own a
home because Of their children.
But they also are part of the
trek back-and they use the
shopping, restaurant and en-
tertainment facilities of the
city.
Item: One Of the Nations
top business advisory services
fatty forecasts that a surge
back to the city will develop in
the next decade because of the
Evening star., 1958-07-08
Fast Trading Renewed
On Toronto Exchange

TORONTO, July 8 tP).-
Trading on the Toronto Stock
Exchange picked up consider
ably after the first half hour
today and volume for the first
hour was 100000 shares heavier
than yesterdays record pace.
Speculative trading among
low priced mines pushed the
volume to 3.821,0 900 shares COM
pared with 3.119,000 at the
same time yesterday.
New Highridge took the most
active role away from New
Hosco, trading more than $780,
900 shares in As minutes. II
was up 2l2 cents at AZ cents
New Hosco, which started the
speculative buying a week ago
had a volume of 5000 shares
and was up 40 cents to $40
Evening star., 1958-07-08
YOUR
MONEYS WORTH
Trek Back to the Cities
BY SYLVIA PORTER

"We're moving back this fall. >
I heard the man behind me
say as the westport-New York
commuters special roared to-
ward Manhattan. II just can't
stand this daily committing
any longer and Marge is
screaming about the dull week.
days. The - with til We're
moving back"
What about the kids?"
asked his companion.
They'll adjust fast enough,
Anyway. in a couple of years
they'll both be going away to
school and then Marge will
rattle around in that house. 60
crazy with boredom and drive
me batty with her."
AS I listened in. I said to
myself, why, Of course. The
trend is starting to reverse.
What I'm overhearing is a little
anecdote illustrating why many
suburbanites are trekking back
to the cities"
1t is happening all over the
country. The move back from
suburbia is on a small scale SO
far but it's certain to mount.
Item: New and attractive
apartment houses are spring
ing up all over my hometown
of New York and, More and
more of the occupants are fam
lilies coming back to the city" "
said the manager Of several OF
the biggest buildings. Who are
they? "Older couples whose
children have grown and who
have money to afford the
rents" Then he pointed to O
patch of grass.
Move Is Spreading
"They tell us they love that
patch more than they ever
Evening star., 1958-07-08

changing nature Of our popu-
lation.
The biggest population gains
In this period win be among the
oyer-50 and IN the upper-teen-
age to 25-year age group. In
neither case win young chill
dren be a force impelling a
move to the suburbs. These
couples will. In many instances.
want 70 live within the city's
limits-and they will. II they
can find satisfactory places TO
live.
Dream Is Fading
One of the greatest housing
and population stories Of the
post World War II years has
been the power behind the
growth Of the shopping center,
the climb in rural land prices.
the tagging performance Of the
downtown stores, the deterio-
ration of central cities.
Now many of these families
have found the dream of sub
urbia a nightmare Of exhaust
ing and expensive committing
by train or car, of zooming To-
cal taxes. of shopping neigh
bors, small-town jealousies.
The rush to the suburbs is
slowing, the reverse trend is
appearing. And to all the sub
urbanites yearning to come
back, let me promise there are
few thrills to match the one
you'll get that first day you look
out your city apartment window
and in comfort watch the COM
muters struggling to make the
500 or reach the expresSway
that leads toward home
Distributed 1855
by The Hall Syndicate, Incl
tAn Rights Reserved
Evening star., 1958-07-08

the National Bank Of washinSs
ton alone. prior 70 the merger
with It Of the Liberty National
Bank late last year. we're: as
sets $254.2o5.ss5; loans $685.
776.ss4; government securities
500. .263. .e9l: deposits S232, ,433. =
lat and capital funds s20,0l2.-
95s.
For June 6, 1857. the figures
for the Liberty National Bank
alone we're: Assets sal ,031 .425:
loans $18.974.472; government
securities $685. .726: deposits
$S7 .697.3 and capital funds
SO, ,997 .233.
The June 20 deposits were
previously reported.
Evening star., 1958-07-08
TAX
MEMOS
BY FRANCIS P. DOUGLAS
Star STAFF Writer

BY FRANCIS p. DOUGLAS
Star STAFF Writer
The tolloiUtno are sum
martsed from memorandum
opinions of the Tar Court.
CADILLAC NOT A GIFT
A taxpayer furnished the pres
ident of a company information
which proved useful in obtain
ing customers for the COM
pany's products. Later the tax
payer received from the COM
pany a Cadillac car "of the
fair market value of S4.250."
The Internal Revenue Serv-
ice held the value of the car
constituted taxable income and
assessed a tax. The taxpayer
insisted the car was a gift. He
maintained he was not an en-
ploye of the company, that the
information was given gratu-
itously and the company preSi-
dent, a friend, insisted that he
accept the automobile as a gift
Held-The company entered
the cost of the car on its books
as a finders fee. 1t claimed the
amount as a business expense
and failed an information re-
turn as required by the Internal
Revenue Code. disclosing the
payment. The taxpayer failed
to carry the burden of proving
the car was a GIFT. C. Memo
1884.
X X X
DOCTORS DEDUCTION--A
San Francisco physician de-
Quoted $623 as the cost of at
tending a convention of the
American College of Physicians
at Atlantic City. He took as
an additional business expense
deduction the $225 cost of a
post-convention cruise to Ber-
muda. A scientific program was
scheduled to take place aboard
ship and in Bermuda and the
program also listed "sightSee-
ing suggestions"
The Internal Revenue Com
missioner allowed the expense
of the Atlantic City convention
attendance. He disallowed 80
per cent, or $3.50, of the $225
cost of the Bermuda trip.
Held-The doctor failed to
show what part of the Bermuda
trip cost was an ordinary and
necessary business expense,
I'VE think this record discloses
that the Bermuda cruise COM
bined business and pleasure,
and the cost incurred was SUBJ
jected to ALLEGATION. Petit
toner has not shown whether
or not he attended any of the
scientific programs provided
and to what extent the trip
was availed for recreation and
pleasure" The commissioners
determination was sustained.
IT. c. Memo. 1958-46.
Evening star., 1958-07-08
Certified TV and Furniture
COnSOlidateS Operations

President Bernard H. Taft of
Certified TV and Furniture
Co. said today the firm has
now consolidated its operations
in one building. Previously, the
television division was at Ala
H street NE. and furniture at
518 H street NE. Now, both
divisions are at 3401 Georgia
avenue NV. in a three-story
building purchased for $84, 900.
Mr.. Taft said there has been a
43 per cent increase in sales at
the old location in the past
year.
The store will open officially
Thursday, with % employees
and an inventory of over
$50. 900.
Evening star., 1958-07-08

Erik Isgrig, vice president in
charge of advertising and sales
promotion. Zenith: William H
Anderson. southern regional
sales manager, Frigidaire; Rob-
ert w. Calvin. president, Mo-
torola: Dan Packard, vice presi-
dent. Geyer Advertising Agency
and John Hurley. executive vice
president. whirlpool.
This is the fourth year of the
school. Dean Nathan A. Bailey
School of Business Administra-
tion, recalled today. He saic
dealers from all over the Ma
ton attend and the program i;
a good example of advanced
management curriculum.
Evening star., 1958-07-08

MEMORANDA
81. Assets pledged assigned to secure habl-
tiles and for other purposes $1,902 10000
L JOSEPH R. FITZPATRICK. Senior Vice President and
Cashier of the abovenamed bank do soemn that the
above statement to the best of knowledge and belief
R FITZPATRICK Senior Vice President and Cashier.
District of Columbia, sS
and subscribed before this End day of July
1858 and hereby certify that officer director
of this bank
(Seal) ELIZABETH M KNIT Notary Public.
My commission expires January 81. 1861.
Correct-Attest
JOHN A. REILLY WILLIAM c. SHELTON,
B. /, HARTZ w. CARLTON EACHO,
" B DEYBER CHAS. p MALONEY
w r. WINSIOW E. F. COLLADAY,
JULIUS GOLDSTEIN, VIM B. WOLF.
F. A. HESSICK A. C. HOUGHTON
Directors.
Evening star., 1958-07-08
CHICAGO
LIVESTOCK

CHICAGO, July 8 ~ (UsDA) =
Hogs, 1000; slow; butchers under 240
lbs weak to mostly % lower early;
later trade and close these weights
% to so lower most butchers 240 lbs
and heavier; steady to 25 lower: sows
late. Door shipping demand; 2-3 200
230 ID butchers 23.75-24 90: q few
selected lots early to "a Is; with most
late sales around 90 .75. several lots l-2
20O-220 lbs "a .00-24.25 several lots
weisht and grade 2425-24 so: around
1875 head at 450: 2-3 240-2S0 lbs
% 25-23.75; with few l-2 around 240
lbs at 24.00, over $50 lbs scarce, a
few mostly 3s 2S0-3I0 lbs % .50-23 IS;
lot IS around $50 lbs p 90; limited
volume mixed grade lSO-l95 lbs un-
evenly 2300-24 90; larger lots mixed
grade 40O-575 ID. sows 10000. 90:
340-315 lbs 20.25-2l 25. weights down
to 275 lbs UP to 22.00; most 500
$50 lbs 1s.25-l9.0Q.
Cattle 5000; calves 100; slaughter
steers and heifers moderately active;
fully steady; spots % higher; other
classes costly steady; bulls fully steady,
a package prime 1,l06 ID SLAUGHTER
steers $3.50; a few loads and lots
mAea IS Steers snOie 5a 5ie bulk Choice
2700-2S 90; a load 1000 lbs at $500
carrying prime end mixed good and
low choice steers 26.25-2675; a few
loads and lots standard and good
- 00-2600: a load choice and prime
95S lb heifers 9s.2j; a load high
choice 975 lbs 2775: most good and
choice 25.00-e7 80; . loads and good
$40 ID 24.50; a few lots utility and
standard 20.00-24 90; utility and COM
mercial cows 1S252l 90; Gamers and
cutters 15.00-lS.5 So a few heavy hOl-
stems cutters up to 1900 few light
Gamers down to IA 90; utility and
commercial bulls 235o-25 90: good
and choice vealers 2S.O0-3l 90: eulls
down 10 1900 several sales good and
choice 750-S50 ID yearling feeding
steers Is 2526,50; load medium 725
lbs $500
Evening star., 1958-07-08

two years. Pending now in the
House, reported out by the
Interior Committee, is a
measure that would authorize
$500, 900 for the study and give
the commission 1s months more
Of life.
Tomorrow morning, the Sem
ate Foreign Relations Commit
tee is scheduled to consider
legislation on this subject.
Describes Program
Carl Junge, executive direc-
Tor of the commission. explained
today: "If we get this author
ization and extension Of time,
we propose to contract for an
economic study of Eastern
Alaska and Western Canada.
The purpose is to determine
the economic benefits resulting
from the development of re-
sources of all kinds, principally
minerals, forest products. agri-
cultural products and fisheries
that would benefit from in
creased or improved transport
facilities.
> ss"After those benefits have
been estimated over the next
40 to IS years-up to 1890
then we win estimate what type
Of transportation may be re-
quired to accomplish those
Benefits"
Mr.. Junge pointed out that
the commission has offers from
18 firms that have submitted
proposals to conduct this eco
iaomic study. He said that if
Congress authorizes, the COM
mission will select the one best
qualified and negotiate a con-
tract.
Transport Not Decided
But Mr.. Junge declared that
until the economic study is
completed. I'VE have no opinion
as to the transportation facill-
ties needed" He pointed out
the commission will carefully
consider what tonnages might
be absorbed by world markets.
as well as what chronological
advances are in sight affecting
the products that may be pro-
duced.
''We don't want to pin our
hopes on any dying industry" +"
he declared.
The commission expects to
make an interim report this
fall. But if 1t does not get the
needed extension, 1t will make
a final report. Mr.. Junge re-
called the commission lost al
most a whole year because its
members were not appointed in
time. Only last october was a
staff named, he said. The COM
mission is scheduled to expire
in September.
Economic factors are stirring
In the Northland, Mr.. Junge
Evening star., 1958-07-08
METAL PRICES

NEW YORK, July dP-Spot nom
ferrous metal prices today: Copper 25-
261z cents a pound, Connecticut Valley
Lead l ! cents pound New York. Zinc
10 cents pound. East st. Louis. Tin
94h cents a pound, New York. Foreign
silver $3.50 cents per Troy ounce, New
York At PITTSBURGH. scrap steel No. l
heavy was dnoted at ~. .00-3S. 90.
Evening star., 1958-07-08
AU Management Institute
Program Starts on Sunday

Chairman H. B. Price, jr.. os
the National Appliance and
Radio -Television Dealers AsSo-
cations Institute of Manage
ment at American University.
said today top leaders win in
struct those attending. 1t will
be held next week, starting
Sunday.
Among instructors he listed :
Evening star., 1958-07-08
Interstate Building Reports
Jump in Assets and Loans

Lawton E. Inabinet. executive
vice president, Interstate Build
ing Association, Fifteenth street
and New York avenue NV.
today gave comparative figures
for June 80 and a year ago
showing a 46 per cent increase
in assets and SO per cent Jump
in loans.
The figures follow: Assets
$69. .469, OFT against $47.485. .108;
savings $54.654,250 and $685.
587, ,494: loans $54.449,254 and
$34,228,l75, and reserves So
O76,074 and $2,S71,3l5.
Evening star., 1958-07-08
''s'. 3 BUSINESS.
Economic Survey PIon
For Alaska Considered
BY WILLIAM A. MILLEN
Star stan Writer

The possibility Of economic survey Of Alaska to deter
mine among other things railroad should be con-
structed is under active study here.
Federal agency the Alaska international Rail and
Highway Commission jackson place NV Congress
70 appropriate 1887 for the study and extend its life for
Evening star., 1958-07-08
ID. C. Retail Sales Decline
Less Than Nearby Areas

ID. Z. Retail Sales Decline
Less Than Nearby Areas
Washin g ton department
stores Jared better than those
in neighboring cities during the
first five months of this year,
the Board of Governors of the
Federal Reserve System said
today.
In this period the Richmond
Federal Reserve District, which
includes Washington, showed a
4 per cent drop in sales from
the corresponding period year
ago. For the Washington area
the slump was only 2 per cent
and for downtown Washington
3 per cent. The Baltimore area
registered a Z per cent decline
and downtown Baltimore 8.
Richmond recorded 6 per cent
drop.
Evening star., 1958-07-08
Leroy King to Retire
From d. ]. Kaufman, Inc.

President Joseph D. Kaufman
of d. J. Kaufman, Inc, mems
wear, today announced the re-
tirement of his brother-in-law
Leroy King, So, from daily
business. But Mr.. kaufman
made it clear that Mr.. King
will continue as secretary OF
the corporation.
Mr.. King opened and oper-
ated the company's branch
store at 1924 Pennsylvania ave-
nue. NV. and in 1929 the pres
ent branch store at Fourteenth
and I streets NV. After sew
eral years in the advertising de-
partments of the Washington
Times, Star and Post, for the
past AZ years Mr.. King has
been associated with the Kauf-
man firm in various executive
capacities. A native Washing
tonian. Mr.. King served over
seas in the Marine Corps in
World War /. With Mrs. King
the former Alma kaufman, hi
resides at the Kenmore Apart.
ments, 5415 Connecticut ave.
nue. NV.
Evening star., 1958-07-08
Reserve District No.
Charter No 1908 Reserve District No. S
REPORT OF CONDITION OF
THE MUNSEY TRUST COMPANY

OF Washington the District Of Columbia the
business June 49, 1858 Published in response to call
made by Comptroller of the Currency under Section 521
U. S. Revised Statutes
Evening star., 1958-07-08

MEMORANDA ss
81. Assets pledged assigned liabilities
and for other purposes - S67e9e21 ss
/. DONALD c. JONES. Treasurer of the above-named
bank do solemny that the above statement
the best of my knowledge and belief
DONALD c. JONES Treasurer 3
Washington, D. c., S. :.
Sworn to and subscribed before this Oath day of June
1958 and hereby certify that not officer director
of this bank.
(Seal) ANNE C. SULLIVAN Notary Public
My commission expires June IA, 1860.
Correct-Attest
LfNWOOD P. HARREIL, GEORGE E HAMILTON r.
j. d BOWERSOCK, ARCH N. BOOTH,
PAGE HUFTY, DANIEL w. ODONOGHUE
EVERETT FLOOD, j. WESLEY CIAAMPTTT. t@
FREDERICK STOHLMAN, ROBERT LEE OBRIEN Jr,
GODFREY W. KAUFFN1ANN VIM SHARON FARR, 81
Directors
Evening star., 1958-07-08

MEMORANDA
81. Assets pledged assigned to secure liabilities
and for other purposes - --- 81 270 Os3 Il
L ERNEST r. WILSON Vice President and Cashier of the
oemny that the above statement
is true to the best Of my knowledge and belief
ERNEST r. WILSON, Vice President and Cashier.
City Of Washington. District Of Columbia. ss
Sworn and subscribed before this End day Of July
1853 and hereby certify officer director
of this bank.
tSeal) ALEXANDER NIILIGAN. Notary Public.
My commission expires January 81 1859.
Correct-Attest:
THOMAS j. GROOM CHARLES E. PHILLIPS.
ALBERT SMALL CARTTA B. SANDER.
THEODORE COGSWEIL VICTOR o. SCHnNERER,
DONALD F. ROBERTS, RAYMOND F. GARRTTY.
JAMES e COLLTLOWER. GEORGE M QUIRK
WILLIAM J. OCONNOR A. e. GIEGENGACK,
HARRY j. KANE Jr. Directors
Evening star., 1958-07-08
Reserve District
REPORT OF CONDITION OF THE
BANK OF COMMERCE

OF Washington g. in the District Columbia the close Of
business on June 23 1858 Published in to call
by Comptroller of the Currency under Section SILL o. S.
Revised Statutes.
Evening star., 1958-07-08

%,
business on June 23 1858 Published in to call
by Comptroller the Currency under Section SILL o.
Revised Statutes.
ASSETS
l. Cash. balances with other banks, including
Of collection $57s9, ,57s.37
and Guaranteed 1o25s3162s
Obligations of State and political subdivisions 288T8 8s
4 Other bonds notes, and debentures 645,65625
overdrafts) No0e ---.-~.o - l5sss74o7C
7. Bank premises owned $539351.81 furniture
and fixtures $1.00 539.S528l
IL other assets --------------- 97.265.76
H. Total Assets ------------------ $3S4S2,79 OF
LIABILITIES
13 Demand deposits of individuals. partnerships.
and corporations - $lss51. .403. .Oa
and CORPORATIONS -- 999s, ,66s 81
Is Deposits of United States government 888215 SO
H. Deposits of banks ------ 33,73S.01
etcJ - ------- : l95,24sOs
49, Total Deposits --------- $31 064,346.49
2s other liabilities -----------------. s2s4s5S SO
a. Liabilities $3l 800 832 81
CAPITAL ACCOUNTS
25 Capital Stock:
(a) Common stock total par $60000000- $500 900 90
26 Surplus ----------- 100000 90
a. Undivided profits s----------------- 291 800 "a
29 Total Capital Accounts -~--------+- $2091 $50 "a
Total Liabilities and Capital Accounts $334s2 OF
Evening star., 1958-07-08

said, now that Alaska is about
to become the 49th State.
He said the Pacific Great
Eastern Railroad is completing
this summer its northern ex-
tension to Dawson Greek and
on to Fort st. John through
Prince George. The Canadians
have announced they win pave
the first so miles Of the Alaska
Highway within Canada--that
portion going from Dawson
Greek to Fort st. John-this
summer. The Alberta Northern
Railroad goes to Dawson Greek,
British Columbia.
Highway Bill Pending
Senator Neuberger, Democrat
of Oregon, has pending il the
Senate Public Works Committee
a bill to provide for paving some
200 miles of the Alaska High
way within Canada-a SIPS
million project. The United
States would put up about $66
million of this and Canada the
balance. Most of the Alaskan
portion Of the highway is paved.
The Association of American
Railroads said car floats now
carry railroad cars from West
Coast ports to Alaska by sea.
If a railroad is to be built to
connect the gaps. it would likely
be constructed between near
Fort Mcleod in British Colum-
bia on to near Fairbanks,
Alaska, to link up with the
United States Government
owned Alaska Railroad. In
1940-41 the United States Army
Corps of Engineers made a sur
vey for a railroad connection
between Prince George. B. c..
up the Rocky Mountain
trench" route. fairly level
area with very little grade. But
this idea was abandoned in ia
vor of the Alaska Highway.
Evening star., 1958-07-08
REPORT OF CONDITION OF THE
UNION TRUST COMPANY

OF the District of Columbia in the District Columbia at the
close Of business June 23 1853 Published response TO cali
made by Comptroller of the Currency under Section 52Ii
u S. Revised Statutes :
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-04-09
AlgerTheme
Still Holds,
Talbot Says

Horatio Alger's story is still
up to date. according to the
president Of the United States
Chamber Of Commerce.
Philip M. Talbot. who also
Is senior vice president OF
Woodward q Lothrop, told a
Joint session Of Civitan and
Optimist clubmen yesterday:
There is not any barrier in
this country to the young fell
low in shirtsleeves in the back
shop. He can scramble UP to
the presidency Of Q corpora
tion-if he has the will to do
it-and Who's Who in Ameri-
ca will verify the story"
He also told the Mayfiower
Hotel audience:
I've just completed q trip
over much Of the Nation. and
! can tell you that everywhere
! went business was sound. Ask
most businessmen right now
how is business. and they will
tell you it's good"
Mr.. Talbot said nothing has
happened in the Nation since
the 1920s to prevent young
men with ambition from gain
ing economic success.
Conceding that many men
have married the boss daugh-
ter" he added that "a great
many more have hit every rung
In the ladder on their way up
and bruised their shins and
stubbed their toes"