davidaulloa/AmericanStories huggingface dataset:
, 1958-11-03

Charlotte Anaale, st. Thomas
Department Of Finance
Aprl "A, 1858
r~.EsMoRArDUE.
To: Honorable Walter A. Gordon
Governor of the Virgin Islands
I'm: Acting Commissioner of Finance
Subject: Audit Report Of Molasses Subsidy PAYMENTS for
the period March /, 1857 to February q, 1853,
prepared by the Office Of the Government
Comptroller Of the Virgin Islands.
Two exceptions are contained in the above referenced
audit report, the first Of which states: "EyceptNn IS: zen
1o all payments from the Emergency Molasses Fund until
the quarterly reports showing the use and disposition of
all molasses purchased under the SUBSIDY praqrT, We
been filed as required by Section 6 I'D of Act No. 1877, Bill
NE. 502, as amended. Bindings and recommendation
No. y"
Section s (D therefore places the rocn2nsi5iftv Tor
}er to insure prompt compliance with this provision
1.-THE provision that all molasses purchased under the sub-
sidy program must be converted into rum and sael rF7n
must be either exported to the United States or normally
disposed of in the course Of trade within the Virgin Is
landsy - each neutrality-suspicious. receiving a subsidy
g-1der this program shall file q quarterly statement On ire
18th day Of January, April, July, and October Of each
year hereafter, in which a subsidy is granted, showing te
use and disposition Of all molasses purchased under this
subsidy program
Section 8 () Of Act No. 1877, states: "The Conui5-
soner of Finance shall, upon recent Of certified vouchers
from the industry-purchaser verify the correctness OF
same and thereupon, but in any event not more than three
~ days after receipt Of same, make payment OF the proper
"ocid" to the induetrv-oroducer woo snail have applied
for same"
Section ID therefore places the responsibility for
ing quarterly reports on each industry-producer, and not
on the Commissioner Of Finance, Section 5 90 rna1os
obligatory for the Commissioner of Finance to pay all in
dustry-purchaser certified vouchers within three 90 days
after receipt Of same to the industry. producers applying
for same.
Therefore. in answer to Exception No. ], no provision
of Act No. 1877 allows the Commissioner of Finance to
withhold subsidy payments from the ndustry-producors
because Of their noncompliance to Section s I'D,
The second execution states: "Fxcertion is taken to
tNe payment Ct the uolasscs euas,dy IN tie asaornt Of
$293.97 covering 9,799 gallons of molasses received by the
ST. Croix Sugar Cane Industries, Inc. On February y and
%, 1857, from the Virgin Islands CORPORATION. as covered
y its Invoice No. 80, dated March 10, 1857. This amount
81 included in check No. 34250, issued in the amount Of
$~4,586.52, by the Department Of Finance on July 10, 1857,
to the st. Croix Sugar Cane Industries, Inc. Findings and
Recommendations No. o."
Section 3 I'D of Act No. 1877, states in part: @sThe Com
, 1958-11-03
Department of Finance
Honorable Walter A. Gordon
Governor Of the Virgin Islands

Acting Commissioner of Finance
Audit Report OF Molasses Subsidy Payment
the period March /, 1857 to February q,
prepared by the Office Of the Govern.
Comptroller Of the Virgin Islands.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
Enterprise SOL
Sets New Records

President Martin A. Cook of
the Enterprise Federal Savings
and Loan Association. today
announced on June 30 an all
time high was reached in as
sets. savings, real estate loans
and reserves.
He said that compared with
the same time last year, assets
increased $3.982.747 or 1858
per cent to $24,271.097. Savings
increased $4.4l2.701 or 24.93
per cent to $22,113.016. Real
estate loans increase $3.458.O94
or 1909 per cent to $21 ,564,S 89.
Reserves increased $141, 1892 OF
1907 per cent to $24.271,097.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
PR Reports
Sharp Loss

PHILADELPHIA, July 20 up,
The Pennsylvania Railroad
reported 1t lost $l,0ss,600 In
June and s25.S53.000 In the
first six months Of the year.
This compared with earnings
Of tl.255.400 in June. 1887. the
railroad reported. and earnings
Of sl2.27l 800 for the first six
months Of 1857.
The railroad said gross rev.
enues for the six-month period
were s40l. 500, 200, q decline Of
20 per cent or more than 500
million from the same 1857 pc
Rod.
June revenues were listed at
s70.l56,218. q decline Of 1872
per cent from June. 1857. Ex-
penses for the month also were
down 1872 per cent as a result
Of efforts to cut costs. the PR
said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
Freezer and Washer Sales
Ahead of 81 Period

The Electric Institute of
Washington said food freezer
sales were 6 per cent higher at
the end of five months Of this
year compared with the same
period last year. but conven-
tional washers were % per cent
ahead.
A retail folder kit delivered
earlier this month by repre-
sentatives Of the Potomac Elec-
trio Power Co. was exhausted
before the current sales CAM
paign opened. But officials said
they have ordered more. They
are available to members with
out charge.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
CHICAGO
LIVESTOCK

CHICAGO, July % Q1 (UsDA.-
Hogs, 5000; market moderately active
early; later trade slow; uneven; a o
way market; setady to Is higher on 2-3
butchers under 230 lbs; 1-2 grades
these "a s,I Seishts fuzzy g higher; INSTANCES
steady 70 most 25 lower; sows uneven
mostly steady: only fair local packer
demand but good shipping outlet; 80
200-200 ID. butchers 22.75-23. rs;
mostly 1890 and above on 2O0-230
10. weights; several lots Ia 2O0-230
lbs, 23.25-23.50; several lots 1-2 these
Esis $40 gs a feG d icy sf Sts %ois ~
% .0O-22 .75; a small volume mixed
grade 1S0-l95 lbs. 22.25-23.25; mixed
grade 40Q-475 ID. sows 1S.75-19.75;
several selected lots 400 Is at 1000;
most 325-375 lbs. 20.00-21 .25, and q
few around 800 lbs and lighter up to
~ 90; most 500-550 lbs. lS;0O-1S;5o.
Cattle, 10000: calves. goo; active;
higher; mostly % to so higher; other
slaughter classes strong to so higher
vealers steady to / 90 lower: stockers
and feeders strong 70 so higher: load
prime 1880 ID. slaughter steers 1880;
better than half dozen loads 1,200-
400 ID. steers 2s.75-29 90: bulk high
choice and prime 27.50-2s.50i most
load S Is.o 65 ID; standard o With q soSd
heifers 2S. 50-2s.7b; most good to prime
S00..90S-29.0SS: utility and COMMERCIAL
bulls 22.00-24 %; bulk good and choice
yealers 2S.00-30.0O q few 81 90; culls
down TO 1900; GOOD and choice $50
. few medium 800 Id. stockers $3.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
YOUR
MONEYS WORTH

W SYLVIA PORTER

The new economic trends,
which were starting TO emerge
with impressive strength before
the Middle East volcano ex-
ploded, are now being REM
forced. M
For every American business
man and wage-earner, house.
wife and professional. the ca
tastrophe IN the Middle East
has deeply important implica-
tons.
II we Just continue sitting on
the edge Of the erupting vol
cano the economy viii feel
this. II the threat Of war turns
into q limited war;" the home
front impact win be unmistaka-
BILE.
First Assumption
Let's follow through on the
first assumptions continu-
ingly critical situation but little
shooting in the Middle East.
The Government defense
spending. already on the rise,
win rise faster and farther.
Businessmen's liquidation OF
inventories. already slowing
after unprecedentedly steep
cutbacks, win slow more and
halt. When war is an hourly
threat. q shrewd businessman
doesn't slash his backlog Of
goods and materials to a mini
mum.
Consumer spending. already
moving to q peak. win rise at. q
faster pace. The inclination Of
most consumers is to buy what
they need and want when war
Is in the air.
Prices of many products, al
ready "at q bottonf," viii tend
to firm. Businessmen will
strongly resist price cuts, for
they'll be afraid Of a return Of
price controls should war come.
The national debt; already
climbing toward new tops, will
reach new tops and the legal
national debt ceiling, already
obsolete. viii become more so
Tax reductions. already on
the shelf, viii be pushed farther
back on the shelf. Even the
most ardent tax-cutter won't
argue for general tax reductions
while we're in this crisis.
And the danger of imitation,
not far away at any moment
throughout the entire 1957-5S
recession. win move closer and
stay close.
Second Assumption
Or let's follow through on the
second assumptions limited
war, reminiscent Of the Korean
outbreak in June of 1850.
Government spending will
Jump.
Business liquidation Of in
ventories will turn into a rush
to refill warehouses.
Consumer spending for just
about every conceivable type
of product viii climb.
Pressures for rising prices
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
J.H. Carmichael
Resigns Posts at
Capital AirIines

J. II. Carmichael. president
OF Capital Airlines. lol7-b7, has
resigned as chairman Of the
board Of directors and a. q
member Of the board.
In announcing this late yes
terday. the board said Il had
accepted with regret" Mr.. Car
michael's resignation "for per-
sonal reasons"
The board paid tribute 10
the significant contribution Mr..
Carmichael made 10 the growth
and development OF the cor
poration during the years In
Its history when he served rs
president" the announcement
declared.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
Acacia Life Reports
Record Sales In June


Acacia Mutual Life Insur,
ance Co. said today June bust.
ness set an all-time record fol
that month. with $21, 321. 900
a gain Of nearly 81 per cent
over the prior record of ST.
670.371 set last year.
The June drive was to honor
President Howard w. Kacy fol
So years of service with the
company. A new all-time mari
of $8,669,717 was set June II
for the greatest amount Of
business written in a single
day. June was the third high
est production month on rec
ord in Acacia's 89-year history
officials said.
Agency Vice President Harry
D. OAAuA1CK oAiAiouAtCC0 dPPOAAlS-
ment Of Howard Walker al
unit manager at the company's
Northern Virginia Branch. Mr.
Walker lives at 1400 Barton
street. Arlington, Va.
Ofhcials said the so mem
bers of Acacia's District OF
Columbia Branch contributed
an average of $4,000 each in
written business on July 10 tc
honor Manager Joseph Bar
beau on his 25th anniversary
with the company. He lives al
4513 Dalton road, Chevy
Chase, Md.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23

and rising wages win mount
and 20 win pressures for con-
trolls over prices. wages and In
stallment buying.
The debt. the deficit and the
debt ceiling win xoom.
Tax boosts. not tax cuts. win
become q key issue.
The danger Of sim another
imitation spiral win become
very real.
II the crisis deepens into
limited war, this Is q certainty,
Distributed 1858 By the HAN eyndi-
cate, Inc. An rights rsssrvsdJ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23

deposits was nearly half that
Of the entire Fifth Federal Re-
serve District. which increased
$50. $4,000. For Washington
banks alone. the increase was
around S37 million.
Loans for the Washington
member banks for July Is TO-
tailed 1851. $50. 900 against $780,
42l. 900 for July Q. Total in
vestments for July Is reached
t5l9.Sl0.000 against s5l3. 64e. 900
for July Q.
Real estate loans were $685.
$4,000 compared with $751;
$4,000 for July Q.
Time deposits here slumped
from s3l5.512,000 on July 9 TO
t308. $50. 900.
The figures given represent
the 10 Federal Reserve member
banks here. There are is banks
altogether. but the Federal Re-
serve members account for q
large part Of the total.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
3-for-l Split

CLEVELAND. July % Rs-
Directors Of Addressograph-
Multigraph Corp. have voted
to recommend to stockholders
20 3-for-1 split Of common
stock. Shareholders will be
asked at a special meeting
September 9 to approve an in
crease in authorized stock from
l to 5 million common shares
and a change in par value from
$40 to SIS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
FOREIGN EXCH'GE

NEW YORK. July % R.-Foreign
exchange rates. Great Britain in dol
lars, others in cents UNCHANGED unless
otherwise noted:
market 1882 per cent premium or
104 .21 7/S US. cents off 1882.
Europe. Great Britain (pound)
Sc 10 ii rs, OF 3/3s: so day futures
s2.7s11 Pse, Of si1es: Belgium guy 1frsne cS
.00ss; France (frane) .237s Of q cent;
Germany westerly tdeutshe mark
23,S7; Holland (guilder) 26.4O, up .03;
Italy .Oira) 1874 Of . cent: Portugal
. .ssf;Hdol $50 Sweden I'd. tkrSna1 1884;
mark (krone) 1910.
Latin America: Argentina (free)
2 49, Brazil (free) 20 Of q cent; Mex
leo sol; Venezuela (bolivar) 5000.
Far East: Hong Kong dollar 1890.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
Atomic Development Seeks
EXEMPTION for Offering

The Securities and Exchange
Commission said today the
Atomic Development Mutual
Fund, Inc, has filed an appi-
cation seeking exemption from
the provisions of the Invest
ment Company Act to permit
the offering Of its shares to
certain tax-exempt organiza-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
Hotel Business Dips
In District and Nation

Washington hotel business In
June showed a 2 per cent dror
from June, 1857, Horwath &
Horwath, hotel accountants and
consultants, said today.
For the first six months OF
this year compared with those
of 1857, there was a ! per cent
drop, the firm said. The Ma
tion-wide decrease in this pc
Rod was 8 per cent, while that
for the whole country in June
was 2 per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
Life Insurance Sales
Gain 49, In District

District life insurance sales
IN June totaled $20,84S. 900 OF
Is per cent above the same
month in 1857. For the year
up to June 80, the total was
$lll.395.000 or 1 per cent more,
In announcing these figures
today, the Life Insurance
Agency Management Associa-
ton. Hartford, Conn. gave
these additional figures: For
June. Maryland, $50. 800, 900 or
4 per cent more and Virginia,
$73.406.00 or 4 per cent higher.
For the year to date: Maryland,
1858, 742,000 or 2 per cent below
the similar 1857 period, and
Virginia. $401 sos, 900 or 2 per
cent less.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
METAL PRICES

NEW YORK. July % B.-Spot nom
ferrous metal prices today: Copper
26h cents q pound. Connecticut Valley
Lead IL cents q pound, New York. Zinc
10 cents q pound, East 81. Louis. Tin
silver $3.50 cents per troy ounce, New
York. At Pittsburgh, scrap steel No.
heavy was quoted at 1000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
''$s'.BuszNEss
Demund Deposits Jump
After U. S. Pay Raise
BY WILLIAM A. MILLEN
altar STAR Wriiar

The increase In back pay Federal and District Govern
ment employees today attributed the jump demand
poss for WASHINGTON banks from ssos5460O0 10
between July and July l0
These figures supplied today by the Federal Reserve
Bank Of Richmond For washington the increase demand
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23

Manhattan Bank Of New York
said today In q survey.
Il said the Nations debt
the total amount owed by In
dividuals, businesses and gov
ernments-runs 10 $3.50 billion
-three-quarters OF a trillion
dollars. Private debt today is
lower than In the 1905. II said,
but Government debt Is some
what higher, though below the
ll6 per cent at the end Of 1916.
ft declared Government debt
was equal TO SO per cent of the
gross national product at the
end Of 1857.
In its Business In Brief BIZ
monthly economic review. the
bank declared:
In the longer run. our prob
lem Is TO maintain q balance
between the growth Of debt and
the income and equity neces-
sary to support 1t. AS private
activity picks up. the problem
will be to restrain the growth
In government debt to make
room for a resumption Of pri-
vate financing.
"As an objective, we should
seek q level and structure Of
debt that will make a construc-
tive contribution to economic
growth with price stability"
Private debt has multiplied
az times, from $3.50 billion in
l947 to Sass billion at the end
Of 1857. the review said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
Economy Seen Capable
OF Handling Total Debt

Today's total debt appears to
be well within the economy's
ability TO service" the Chase
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23

tons at a reduced sales load.
The commission has issued an
order giving interested persons
until August 4 to request q
hearing on the proposal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-23
Pittsburgh Merchant Wins
20-Year Pin From Hecht's

Nat Lavender Of Pittsburgh,
head Of Nat Lavender. Inc,
merchants, became the first
person not a direct employe
Of The Hecht Co., here to be
awarded a 20-year pin, for
his business association with
the firm. H. Hirshberg. vice
president and assistant general
manager of Hecht's. presented
Mr.. Lavender with the pin,
calling him "a very perceptive
merchant and also a very good
friend to u.s."
Louis M. Frankel, general
merchandise manager, pre-
sided at the meeting.
Vice President Frank H.
Proudfoot of the Bank Of Silver
Spring. Silver Spring. Md, an
nounced today the board de-
clared a regular semiannual
divident Of so cents. payable
August IL to stockholders of
record August /.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-02
Procedures
At Meetings.
Studied
Continued from Page D-12

b Continued from Page d.;
the Southwest Citizens As
ISOLATION, to end double
rent" collection from home
owners whose property was
taken over for redevelop-
iment.)
Kathryn Bowers, a business
development and public re-
lations officer for the Ma
tional Bank of Washington.
has been especially active in
Professional and Catholic or
RAnizations. She has written
1nr various publications and
6iithored a history Of the
washington Retreat House in
1855 on the occasion Of its
bth anniversary.
ik president Of the Stanton
Yak Citizens Association,
3he first met Mrs. Sartwell
Etheetings Of the Federation
~ Citizens Association.
The fact that both were
asked to serve as parliament
tarians for the convention OF
the American Home Econom-
les Association here in Octo-
Der, 1856, probably is the
coincidence that led to their
partnership.
The next month they acted
In the same capacity for the
National Association for
Mental Health and decided
they worked so well together
as a team they ought to go
into business together.
Teachers, Too
In addition to acting as
consultants to organizations,
they give instruction in par
liamentary procedure, with
Mrs, Sartwell usually taking
the daytime sessions and
Miss Bowers, the evening
classes.
Currently they are giving a
aix-week course to the entire
body of st. Cecilia's High
School and 100 student
nurses at the Washington
Hospital Center.
What accounts for so much
interest in parliamentary
procedure?
Perhaps the simplicity with
which Marie and Kathryn
present their subject. The
basic principles of parlia-
mentary law, they note, are
courtesy and fairness - to
see that the will of the ma
jority is obtained and the
rights of the minority are
protected"
But they warn against the
tedious detail that boys down
o meeting.
Here are some Of their tips
to a presiding officer:
Work out the agenda for
q meeting ahead Of time
and write it down. (UnleSs
you do. you may become dis
concerted and forget one Of
your most important items.)
Avoid gavel banging. A tap
should be sufficient to call 8
meeting to order; then wait,
until all talking has ceased.
Don't call for a vote on
every routine action. For
instance, after the minutes
Of q previous meeting have
been read, the president may
say: without objection. the
minutes stand approved as
read"
incidentally, a recording
secretary should report what
is done at a meeting--not
what is said. Overriding min
utes by over-zealous secre-
taries are boring to the mem
berShip.
At the same time, members
are urged to exercise their
rights in debate, if they have
something to contribute.
'tBut don't criticize the &C.
ton taken by the assembly,
unless you have participated.)
For a successful meeting,
Mrs. Sartwell lists what she
calls the cardinal rule of the
three C's: Common Sense,
Common Courtesy and Com
mon Consent"
"And remember" they both
suggest, parliamentary law
has been called the golden
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-04-25
1000 Seeking
Souvenirs in
Old Gin Mill

CHICAGO, April 25.-Sup-
posedly II was o terrible era OF
speakeasies, bathtub gin. the
Valentines Day and other
gangland massacres. but peo-
pie here are giving bizarre evil
dence that they loved prohibi-
ton.
so says the electrical con-
tractor who recently bought
the abandoned hulk OF Big Jim
colosimo's Infamous restaurant
on the near South Side. Ronald
M. Thompson. who plans on
razing the South Wabash street
hot spot for a warehouse. finds
himself In q race with more
than 1000 souvenir hunters.
They seem bent on salvaging
every scrap Of the crumbling
interior Of the establishment
which, among other things.
served as AL capone's alma
mater. They already have
carted of every splinter OF the
great mahogany bar.
Mr.. Thompson says practi-
cally all the visitors TO the
gin-mill shrine are Of an age
which would have made them
high-living collegians when II
was in its prime. And there's
not been q crum-bum in the
lot" he says. He has seen a
parade Of fine cars. some chauf-
feur-driven. and as often as
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-04-25

said I would be happy to see
her In her grandmother's care"
Miss Turner Pleased
Miss Turner. her eyes filled
with tears. told reporters:
THE decision TO put her with
my mother was one that I was
hoping-and praying-for."
Jerry Giesler, Miss Turner's
attorney. said both she and Mr..
Crane would have reasonable
visitation rights with the
youngster.
Cherry. said by her father TO
be happier than she has been
in weeks. spent the night at
her grandmother's apartment
in Beverly Hills. Later the two
will move in a house which
Miss Turner and Mr.. Crane
will provide.
The tall teen-ager will not
return TO the fashionable
boarding school at Ojai. Calf.
She was on Easter vacation at
the time Of the Good Friday
Staying.
Miss Turner. meanwhile. was
served with q subpoena for a
$750.000 damage suit brought
by the slain mans l0-year -old
son. Mr.. Crane and Cheryl also
were served subpoenaes in the
suit.
Miss Turner said she had
made no plans. but hoped to
return to her acting career.
IT." she added. anyone will
have me-"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-04-25

restaurant. which went out Of
business In ie45. was owned by
Mrs. Eta Poison Bodoglou.
widow OF Mike (T'he Creek
Poison, former gambler and
owner OF the cafe who died In
1855. His real name was Mihail
Bodoglou, and he was Colo
simo's partner until he got q
new partner. Capone. Mr..
Thompson bought the shut
tered establishment several
months ago.
In It's heyday. the restau-
rants patrons included social
ties and night-club celebrities
who rubbed shoulders with
hoodlums. At the closing hour
they retreated 10 an ingeniously
concealed inner room TO drink
home brew all night while q
burly bouncer kept watch
through the traditional peep
slot. Everybody who was ad-
mitted had TO say Jim knows
me-" and offer convincing
proof.
None OF the kingpins In It's
operation came 10 q happy
end. Colosimo was slain there
on May IL. 1920. In q murder
never solved. Capone died in
sane shortly after World War
II. Poison was convicted OF
income tax evasion and served
nearly two years in prison.
(ReleaAed By North American
NewApaper Alliancel
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-04-25
DuImutiun q Hero

STURGIS. Sask. R.-Riley.
q Dalmatian owned by Keith
Hushagen. promptly showed the
infant in the ditch when a
youngster wandered into the
path Of q truck on the highway.
Shortly afterward, Riley awoke
his master in time TO extin-
guish the flames when an oil
heater exploded.