davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

ment or quasi Government or
CARNATIONS here. They also
must provide good executive
material 70 MI vacancies In
Junior and senior management
positions resulting from retire.
ments and deaths.
Mergers have provided a
shortcut 10 a solution OF this
problem. Already trained and
loyal staffs have been acquired
along with experienced ofiicers
and prospective ofiicer candi-
dates. In most mergers. &C.
CURED personnel as well as
dollar assets have been i'm
portant.
The bankers, who do not
want 10 be merged. emphasize
that trained STATS and execu-
tives, who are attractions In
MERGERS. were developed over
many years Of highly successful
operations. There are no basic
reasons why they cannot con-
tinue to serve the public and
stockholders In the same way,
they insist.
Small Bank Successful
Veteran national bank ex-
aminers In the once Of the
Controller Of the Currency, who
follow bank operations closely,
say the record shows that large
banks have no corner on sue
cess. They see no reason why
O small bank cannot be as sue
cessful as Q large one.
The Controllers once has
offered no objections to WASH
ington bank mergers so far. II
the necessary shares are voted
in favor Of the merger and the
public viii be served as well or
better than before, no reason
is seen for rejecting an appli-
cation, q top oficial told The
Star.
The Controllers aides. how
ever, do not forget that WASH
ineton had more than 40 banks
in the days before the bank
holiday Of 1892. Controller Ray
M. Gidney himself has COM
mented that one Of the prob
lens in Washington then was
too many banks.
Largest Banks Active
1t is well to note that only the
three largest Washington insti-
buttons have carried through
mergers in the last four years.
National Bank Of Washington
absorbed Hamilton National by
merger. while Riggs National
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

absorbed Washington Loan a
Trust In October. 1854.
National Bank Of Washing
ton absorbed Liberty National
In October. 1857. and American
Security a Trust Co. acquired
National Metropolitan for 90
million Of cash last May. Riggs
National and Lincoln National
stockholders win vote Scptem-
Der Is ON q proposed NTH
merger.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20
Merger Pros and Cons
Argued by Bankers
by DONALD y. HADLEY
star financial Editor

What has motivated washingtons succession OF bank
mergers and how many be expected in the next
hve years7
The bankers themselves have up with a variety
and predictions In response questions the
average deposltor has been asking.
The most closely associated with four bank
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

soli6ations OF the last four
years and the NTH now pro-
posed. are convinced there are
overriding advantages In favor
OF larger institutions under
modern competitive conditions.
Many Of their arguments are
disputed by other bankers. who
intend TO keep Thea institu-
tons on an independent basis
II possible.
However, the individualists
hoping 70 avoid consolidation
concede the basic trend Is run
ming strongly against them.
They are confident they can
continue successful operations
on an independent basis. II let
alone.
stockhoIders Attracted
The big question Is how long
can they persuade their stock
holders to reject merger offers
involving an exchange Of old
shares for more valuable new
stock with higher dividends or
large cash profits?
Washington now has IS banks
and trust companies. but how
many will there be i've years
from now2 The most popular
guess among the bankers is
seven or eight. but q number Of
predictions run as low as four
or iive banks.
The influential head Of q
large Washington bank, active
In the merger field. declined to
guess. but he expressed a con-
viction that I'VE large banks
with adequate branches cover
ing the city could furnish all
the healthy competition neces-
sary to serve the Districts So
square miles.
Merger Benefits Listed
Proponents Of fewer and
larger banks say major bene-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

give more time and personal
service 10 each customer and
therefore have q distinct adj
vantage In competition for
business.
"A small bank can Just about
live OF the crumbs Of business
thrown away by a large neigh
boring bank" said one.
Better Service Possible
when a customer comes into
our bank. he finds II easy q
talk over hts problems with tor
management and doesn't have
10 so through a lot Of red tape
and committee work 10 get q
loan as In q large Institution.
declared q critic Of mergers.
This kind Of talk Is Irritating
10 ofihcials Of the larger insti-
tutions. I'VE specialize In per-
sonallzed service and the people
In our branches have the au-
thority 10 90 ahead with loans
the same as In q smaller bank.
insisted one.
The ofiicial OF another large
institution sees no harm In q
certain amount Of red tape and
committee work proceeding the
granting OF a loan. Too much
speed can indicate unsound
laxity. he retorted.
Smaller Stan Needed
The proponents Of mergers
say that when two institutions
are consolidated. work can be
rearranged so that fewer per-
sons can handle the same
amount of work.
When a bank Is merged and
becomes the branch Of a larger
institution. many Of the stan
can be moved elsewhere and
only q small branch stan is
necessary. they declare.
Attenuation through the use
of electronic bookkeeping ma
chimes promises substantial re-
auctions IN operating costs. but
these machines cannot be used
profitably by any but very large
institutions. declare the merger
proponents.
Washington banks need more
trained personnel and the
Washington Chapter, American
Institute Of Banking. has done
a great deal to meet this prob
lem in recent years. Training
takes time and money and a
relatively high turnover Offsets
some Of 1t.
Banks find II difficult to COM
pete for employees against the
higher pay offered by Govern
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

at . time and only the three
largest banks have loan limits
as high as this.
RiegA National with t23 mil
lion Of capital and surplua cur
rently has q loan limit Of s2.a
million. American security'l
limit Ia alt million while Ma
tional Bank Of Washington has
q limit Of t2.i2s.000.
Development OF suburban
branches Of Washington de-
partment stores and other large
downtown retail organizations
plus the steady expansion Of
food and drug chain stores
provide excellent examples Of
sharply increased needs for In
ventories and seasonal credit
and bank accommodation In
this area.
Self Financing Difiicult
The day when q Arm coulc
hope to finance part OF It's sea-
sonal credit needs from reserves
has long since gone because
taxation prevents the accumu-
lation Of such reserves. Infia-
ton Of the dollar also hai
boosted credit requirement.
along with prices. sales volume;
and inventories.
Public utilities and other In
dustries have grown steadily
and their bank credit require
ments also have increased
greatly in recent years.
The opponents of mergers
concede the greatly increased
requirements for bank credit
but contend the need for higher
loan limits has not stood In the
I
way Of their own sound and
profitable banking operations
They argue that. the importance
Of high loan limits has beer
grossly exaggerated.
A banker. whose loan limit /;
around $500 900. points out thai
II q customer needs q $500. 00C
loan 1t is easy to cali q neigh
boring bank or an out-of-towr
institution and arrange for II
to participate in the loan with
out the customer ever knowing
about It.
I'VE have not lost any recent
loans because Of our loan limit.
he said. Those who want Il
merge use this reason as q con-
venient excuse and cover-up
The real reason is they want
to get bigger and more power
full"
The individualists go from
the defensive to the offensive
by insisting that medium sized
and smaller institutions car
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

3 refrigerated surfaces not just
cold" walls. Food freezes faster BE-
cause it's surrounded with q constant
penetrating cold.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20

Book. shelf eonvsnIsaesi Costs no
more than most comparable size
chests yet IL puts tlOice az much
food within easy reach.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-20
why Did We Wait So Iona To Get It?"
Thet's how Il 10 with q freezer.

Enjoy its convenience once-and
you wonder how you ever tolerated
being short Of food supplies
passing up food store bargains
going into a tizZy at news of unex-
pected company :. few or no new
food experiences =. wasting left
over food. Isn't it time you shared
in the wonderful world Of frozen
food living? Isn't 1t time you
owned a freezer?
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07

they could put up . man Of
their choice.
There was nothing 10 that
but vicious propaganda" she
said.
I'm the first place. my
party wouldn't do a thing
like that. Secondly. I an
nounced In the beginning
that ] was IN this first. last
and always TO win. And. IN
the third place. I'm not the
type OF person anybody can
use"
Miss Palmer. who shares a
law once with her 92-year-
old father. John w. Palmer.
said he can't actively cam
paign but that he talked for
me" In HIS once
Her father served in the
House OF Representatives
from 1929 10 1891.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07
ny MARY l.. VAUGHAN
atar stan Writer

A local student nurse who
monitored a course in disaster
nursing Is anxious 10 talk
about Il.
Miss Mary Louise Palmer,
a second year student in the
ID. C. General Hospitals
School Of Nursing. was cho-
sen 10 attend the course en-
titled Nursing in the Medi-
cal Management Of Mass
Casualties" offered by the
Walter Reed Army Institute
Of Research 10 graduate. civ
ilian and military nurses in
october, 1857.
In a recent report 10 the
American Nurses Association.
she explained how she was
made aware Of the fact that
a nuclear attack on this
country is a possibility.
Was Frightening
ut was both frightening
and awe-inspiring consider
ing such statistics and the eff
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07
Israeli Envoy
Gives Lunch

Ambassador Eban held q
luncheon yesterday at the
Mayf1ower Hotel in honor of
Shimon Peres, director-gen-
ersl of the Israel Ministry of
Defense. who is paying a
short visit to the United
States.
Guests present included
Ambassador of France Alp
hand. Senator Styles Bridges,
Representative Charles A.
Boyle. 1t. Gen. Lyman Lem
nitzer, Rear Admiral c. K.
Bergen. Mai. Gen. Robert A.
Schow, Mai. Gen. Jacob E.
Smart, Mai. Gen. Harold
Watson, Col. Stanley Hard
ing, of the Pentagon, Brig.
Gen. Jean Brice DeBary,
Military Attache Of France,
Mr.. Donald Bergus. and Mr..
William Hamilton, of the De-
partment Of State.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07
Nurses Viii Have Big Role
In Case of Nucledr Attdck

required Of them after a
disaster.
Total patient care Is the
very basis OF nursing serv-
ice today" she stressed.
The philosophy Of nursing
expressed In this course was
that Immediately following q
disaster II viii be our respon-
sibility TO do the greatest
good for the greatest number
OF people.
due 10 the ratio OF a small
number OF medical and nurs-
ing personnel to the great
number Of casualty victims.
there probably will not be
enough time for total patient
care.
Conflict will be en-
countered in such q situa-
ton" the student continued.
unless the nurse has been
prepared because every nurse
worthy Of her license to prac-
tice has a conscience and
emphatic feelings toward the
sick and injured.
The nurse also must be
prepared to pass by some OF
the most critically injured
patients she has ever en-
countered In order TO care
first for those who may be
treated quickly and sent out
to help the other injured"
Lists Objectives
Other detectives she listed
included: 2. Help given nurses
for planning a logical APP
proach to the problem OF
providing nursing service to
victims after a disaster. 3. OPP
portunity was given to partic-
ipate in well-organized COM
mittee functioning. 4. Instill-
ing a sense of responsibility
in the students of the course
to examine the disaster plans
In their own communities and
help other members Of the
profession realize the need
to prepare for disaster nurs-
ing.
AS a result of attending the
course. Miss Palmer said. she
has given a detailed report to
the D. c. General faculty and
students, has compiled a
notebook of the information
and has taken more interest
Gin my community's disaster
plan"
Pointing out the nursing
course was offered again last
April with more students at
tending. she stressed: IF we
heed our obligation as nurses
to share this experience with
others, / feel that much can
be accomplished toward pre-
pairing student nurses for q
disaster situation"
Miss Palmer is q native Of
Norfolk, Va, who studied
general science at the Norfolk
division of William and Mary
College before coming here
to enroll in D. c. Generals
33-month course at the Nurs-
ing School.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07
BY FRANCES LIDE
Star stan Writer

Miss Hazel Palmer, Sedalia
Mo) attorney who will chal-
lenge Stuart Symington in
MiSsouri's Senate race this
fall, says she is ready to
really get to work now" fol-
lowing her victory in Tues
days primary election.
Miss Palmer won the
COP. nomination over
three male contenders after
what she described as a brief
and practically solo" cam
paign.
President of the National
Federation of Business and
Professional Women's Clubs
when she announced her
candidacy the last week in
March, she stepped down
from that office less than a
month ago.
Short on Time
There wasn't time to set
up a campaign organization"
she said in a telephone in
terview, explaining that she
had spent about three weeks
in Europe in May in con-
nection with an international
BPW meeting and three more
on the national federation's
convention in Seattle, July
ell.
And was handicapped by
not having a chance to go out
into the districts. I covered
very few counties-only 8 or
8 out of ia.
Considering everything, /
think did very well!"
Miss Palmer says she also
expects to do very we'll" in
her campaign to unseat Sem
ator Symington who won re-
nomination to a second term
by a majority of around 300,-
900 votes in the Democratic
primary.
She thinks her chances are
excellent" she declared
firmly.
"There isn't anyone who
can't be defeated whether he
is President, Senator or con-
stable"
Despite representations to
the contrary, she predicted
that SO will prove to be a
Republican year in Missouri
by the time November rolls
around Z.
Business conditions are
pretty good" she elaborated.
And most of the farmers are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07
Hdzel Palmer Ready
To Fight Symington

very happy, except those in
the flooded areas-and you
can't blame the floods on any
party"
What are the issues on
which she expects to cam
paign against Senator Sy-
mington?
There are many potential
issues, but I want to think
them over very carefully be-
fore I make any statement"
she said. I'm the primary
they were pretty general"
Specifically, she supported
President Eisenh lowers
fortnight stand in the Mid
die East" commencing his
efforts ito stem the tide of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07

communism" IN this vital
area. abe continued.
She doesn't think the
Adams 0oldnne case win
hurt her party's chances In
November. she said, In answer
70 a question.
In her primary campaign.
Miss Palmer didn't go into
two Of the detectives Of the
Business and Professional
Women's Federation = equal
rights and equal pay for
women.
Everybody knows shes for
them anyway, she said. "A
basic rights that women
should have along with men.
Miss Palmer. VINO has been
active for years In q. o. p.
politics and was three times
elected Collector of Revenue
OF Pettis County. Mo-. said
she doesn't think the fact
she's a woman lis going 10
hurt me az all"
I'm sure my support Is
based on my qualifications"
she declared.
Just Propaganda
Miss Palmer branded as
ridiculous" q story to the
effect that, II she won the
Republican nomination, the
@. o. p. leaders Of her state
expected her TO withdraw so
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07
ENGAGED
Burrows-Rose

Mr.. and Mrs. ]. Bradley
Burrows of Bethesda an
nounce the engagement of
their daughter Donna Marie
to Mr.. Forest Edward Rose,
son of Mr.. and Mrs. Charles
G. Rose of Silver Spring. An
October wedding is planned.
Butler-D ohlqren
y Col. and Mrs. Everett Lin
don Butler of Arlington an
nounce the engagement of
their daughter Louise Colston
to Mr.. John Adolphus Ber-
nard Dahlgren of Huntly, Va,
son of 1t. Comdr. Joseph
Francis Dahlgren, USN ire
tired. of santa Barbara,
Calf. and the late Mrs. Dahl
gren. A November wedding
is planned.
Rolle-Mller
Mr.. and Mrs. Stephen H.
Role Of Falls Church an
nounce the engagement of
their daughter Gail Charlotte
to Mr.. Robert Manning Mil
Ter. son Of Mr.. and Mrs. Car
man D. Miller of Pittsburgh,
Pa.
Judd-Vouqhon
DR.. and Mrs. Deane 3. Judd
Of Chevy Chase. Md, an
nounce the engagement of
their daughter Audrey Lois
to Mr.. Arthur Harris Vaug-
has. jr- son of Mr.. and Mrs.
Vaughan of Salem, Ohio.
Observation-Disclosures
Mr.. and Mrs. Thomas L.
BreSnahan of Newburyport,
Mass. announce the engage
ment Of their daughter Ruth
Elaine TO Mr.. John Joseph
McAleer, son Of Mrs. Charles
McAleer of New York City
and the late Mr.. McAleer.
An October wedding is plan
ned.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07
Miss BrGnnen Elected

Miss Charlotte Brannen,
grand regent and Miss Eliza
beth Henninger, vice grand
regent. are those heading the
list Of new officers for the
Catholic Daughters Of Amer
lea, Court District Of Colum-
bia No. 2l2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-07

fects OF the bomb" she re-
called.
For the first two days"
the student explained, Il was
wondering II ! really wanted
10 attend this course. Before,
Il had been very pleasant 10
so through my daily activi-
ties without having TO think
about the possibilities Of q
nuclear explosion. the cas-
ualties which would result or
my responsibilities as a
nurse"
After having been there
for some time" Miss Palmer
related. Il began 10 realize
that I had accepted such a
disaster as a definite possi-
bility. As my knowledge OF
the subject increased. my
fear decreased"
Nurse Philosophy
Listing four principal OBJ
jectives attained in the
course. she emphasized the
most important was recogni-
ton of the fact that nurses
must be psychologically pre-
pared for the nursing care
The Nome nugget., 1958-07-25
Rotary Governor Mentor Boney
 On Official Visit

The Rotary Club of Nome, Alas ka today is host to Mentor M. Boney, governor of the 504th district of Rotary International. He is making his annual official visit to each of the 40 Rotary clubs in the area embracing the Northwest corner of Washington, the British Columbia mainland West of the Coastal range of mountains and all of Alaska. He will address the local club and confer with President Jim Blaming, and Secretary Bob Grant and committee chairman on Rotary administration and service activities.
 MT. Boney is retired from the management of the Whatcom County Dairymens Association which he handled for 23 years. He developed for Darigold, canned and packaged American cheddar cheese powdered butter milk, and the concentrated fresh milk. He is past president of both the Washington and Ore gon Dairy Trade Associations. He was elected as district gov ernor of Rotary International for the 1958-59 fiscal year at Rotary's 49th annual convention in Dallas, Texas, last June. He is one of 258 district governors supervising the activities of more than $500 clubs which have a membership of 462,500 business and profes- sional' executives in 10 geo. graphical regions throughout the world.
 Each year, this world wide service organization continues to grow in numbers and in strength, President Blaming added. Dur
The Nome nugget., 1958-07-25
Adm. Quigggle Vanishes From Liner At Sea

SAN FRANCISCO, LR - The Navy is Investigating the death of Rear Adm. Lynne C. Quiggle who told his wife you'd be bet ter off a widow just before his disappearance at sea.
 Quiggle, 52, vanished from the liner President Cleveland We'd nesday about 800 miles off San Francisco. He apparently jumped overheard in a ''fit of depression,' '' Commodore H. D. Ehnan the liners master, told newsmen af- ter the ship docked here yester- day.
 A Navy board of investigation, started a formal inquiry immed- lately.
 The admiral and his wife were returning from his tour of duty as Deputy Chief of Staff on the Joint Staff of the Commander of US. forces in Japan. He had been ordered to San Diego to become commander of Amphib- ious Group l, Pacific Fleet.
 Mrs. Quiggle, said her husband had left the couples cabin early in the morning saying you'd be better off a widow" after kissing her.
 She reported his disappearance and the ship was searched. Mrs. Quiggle said she had reason to believe her husband, who had been nervous and tense, may have jumped from the ship.
The Nome nugget., 1958-07-25
Stepovich To Run For United States Senate

JUNEAU, LR = Gov. Mike Stepovich announced he would seek the nomination as Repub- liean candidate for the United States Senate from the prospec- tive state. of Alaska. He said he will submit his resignation as governor of Alaska to President Eisenhower to clear the way for his bid for elective office.
 Stepovich announced his deci- sion at press conference, ending speculation concerning his politi- cal plans. He said he would be a candidate for "term B" on the Alaska primary ballot Aug. 26. He is not expected to have any Republican opposition.
 The nomination to term B would place Stepovich in oppo- sition to former Alaska Governor Ernest Gruening in the first state general election on Nov. 26, if Gruening is chosen as one of the Democratic Senatorial candidates.
 Gruening is the only Democrat so far to file.
 The deadline for filing is one minute before midnight Monday.
 Stepovich also said Sen. John Butrovich of Fairbanks is con- sidering filing for the Republican nomination for governor.
 Meantime, Attorney General J. Gerald Williams announces he will be a Democratic candidate for governor.
The Nome nugget., 1958-07-25
Eisenhower Tells Khrushchey Summit Meet Must Be Within JUN. Framework

WASHINGTON, RLPresident Eisenhower is informing Soviet Premier Khrushchev the pro- posed summit meeting on the Middle East must be conducted entirely within the framework of the JUN. Security Council it was reported today.
 Sen. William Fulbright O-Ark) said that was his understanding of a summary received by sen ators of the Presidents note to Khrsuhehev.
 At the White House, newsmen were told that Eisenhower's note was on it's way to Moscow or shortly would be.
 The US. note has been cleared with the French and British, Hagerty said.
 Fulbright said his interpre- tation of US. insistence on sticking by the rules" of the Security Council would mean that India's Nehru, Egypt's Mas ser or IsraeTs Ben-Gurion would attend "only as they might be invited by the Security Council" "
 Fulbright said if they "stick by the rules" only members of the Security Council would attend the council meeting, unless others were invited, and that any mem bers could be represented by their heads of state.
 Some authorities here reported that the President believes it should be up to the Security Council through it's regular ma chinery at JUN. headquarters in New York to take over the task of arranging the proposed ex- traordinary session of heads of government of the II member nations and to set the date.
 Khrushchev had proposed a