davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
FOREIGN EXcH'GE

NEW YORK. AUG. IL ZAP Foreign
exchange rates. Great Britain in dollars,
others in cents unbalanced unless
otherwise notedl.
Ie4 .oeN Us. cent on 1 /ss. 'O
Europe: Great Britain tpound)
S2.s0il. on Use: 80 day futures
"a so n, Up ,., 90 . Sey futures Int r1a5 S7sis
GUM tfrane) 2.O0A: France lfranel
231s Of cent; Germany tWesternl
ldentsehs mark 1881; Holland
(Euilder) 2644. up Ola; Italy (lira)
| Sweden lkronal 1884: Switzerland
lirane) tfres) 1884; Denmark tkronsl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
WINGS & WHEELS
By CHARLES YARsRoUeH

Two entirely separate studies
on the economic implications
Of Jet transportation came
together with startling CO.
incidence last week.
First was the report sub
nitted 10 the White House by
retired Air Force Ia. Gen.
Elwood n. Quesada. based on
q study BY Harvard Professor
Paul w. Cherington. Il repre-
sented the FIRST report Of It's
kind bundling up the eco
nomie Jolt the Nation may
De expected 10 take when
$500 billion In new equipment
purchases flows into trade
channels.
Then came results OF a de-
tailed study prepared by the
air transport committee Of the
international Civil Aviation
ORGANIZATION ICAO).
Many phases OF the two
reports not only paralleled.
They were. In effect. identical.
Two main points Of agreement:
The high initial cost Of re-
equipment with the long-range
Jets may lead to financial prob
lens which may be accumulated
by difficulties with the DISPOSAL
Of used equipment. the value
Of which is likely to decline
more rapidly than in the past"
said the IcAO report.
In order TO encou. age the
rapid development Of trafiic to
maintain load factors at q
satisfactory level. 1t may per-
haps be necessary TO introduce
some special low fares"
The Quesada -Cherington re-
port did not drop the fare SUBJ
ject in that manner. but { did
say that fare revisions. both up
and down, may be necessary to
keep load factors UP.
AS for the financial aspects.
the report, issued here, went so
far as to say that the great
burden Of buying the new fleets
has been so heavy in some
instances that there have been
cancellations and cut-backs
Who, and in what amount, no
one in either industry or the
airline business would say.
Neither would Gen. Quesada.
50
The automobile industry Is
just about to close out one Of
it's worst years since World War
II, but optimism over 1859 is
busting out all over. General
Motors, for instance. is BOOM
ing the drum for its MotOrama,
which resumes at the Waldorf
Astoria in New York for a six
day run October is.
GINS complete line for next
year will go on display. The
theme: Imagination in Mo-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
TAX
MEMOS
BY FRANCIS p. DOUGLAS
star star Writer


The jollopin0 are sum
mdries from Tar Court deci-
sioHs and Internal Revenue
Service rulings:
DISILLUsIONED - A tax
payer who was a State employe
Of Illinois was quoted as saying
he never reported income from
stocks and capital gains be-
cause "once you get on the
books you are hooked"
The Internal Revenue Service
found that In addition to the
$23,733 gross salary he received
in the years 1851, he had
had $9.S88 in dividends, In
terest and capital gains and
s69.446 In other income he
failed 10 report. The service
claimed s26.346 in additional
taxes. plus a $l3,173 penalty
for alleged fraud and s3.o1o
other penalties.
The taxpayer appealed to the
Tax Court but no evidence was
offered in his behalf. The court
upheld the amount in addi-
tional taxes and the $3.9lO
penalties. That left for deter
mination the fraud penalty on
which the burden of proof lay
on the Internal Revenue Com
missioner.
Held-Part If not all of the
deficiencies in tax were due to
fraud. The taxpayer had nc
explanation for the additional
unreported income other than
that his former wife had given
MIN $4,000. II was shown,
however, that in replying to his
wife's divorce suit he speci-
flcally denied he had ever
received large sums from her.
T. c. Memo. 1857.
y
DEATH BENEFITS-A com.
pany contended that special
death benefits" paid the estates
Of beneficiaries Of deceased en-
ployes represented compensa.
ton for services and hence were
deductible a. necessary busi-
ness expenses. The deductions
were disallowed.
The benefits were authorized
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
N. Y. PRODUCE

NEW YORK, Aug. II CAP)- CuSDAJ.
Butter steady. Wholesale prices on
bulk cartons lfresh). Creamery. 90
score (AAl 5ss4-5eL cents. 90 score
tA 5ss4-59.9O score lB) 5s-5sh.
Cheese steady. wholesale sales,
American cheese whole milk. Single
daisies fresh $3.50 cents. Single
daisies aged 47-5l. Flats aged 47-50Is
Processed American pasteurized lbs
1888. Domestic Swiss (wheels) grade
"A" $3.50. Grade B" 43-4s grade
Co 39-43.
wholesale egg prices steady. New
York spot quotations follow: midwest
srn; mixed colors; extras (4s-5O lhs)
39h-411 "a; extras medium 35l-36ia
standards large 34-35; checks 27hs-
2e-h. whites: extras $3.50 lbO 391s-
43: extras medium 36-3e. Browns
extras (4s-50 Ibs) 45-47.
Nearby: Shites: top quality (4s-5O
lbs) 4e-49; mediums $40; smallS
ssS Si2I :e IErcwns; Top suelity sasI,Sc Ipsl
z9h.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11

featuring. The o8-year-old Gin
einnati company, with sales at
q level OF about IS million a
year. produces geared and cable
lifts for freight and passenger
use.
Dover. with 1887 net sales Of
t26,s49.6 43. turns out rotary
type lifts among many other
products. II has conducted an
extensive search for q suitable
traction-type lift operation TO
add 10 its expanding produc-
ton network. And the search
led 10 the purchase announced
today, q company spokesman
explained.
The Dover Corp. Is one Of the
few companies headquartered
In Washington that is listed on
the New York Stock Exchange.
A large percentage of its stock
Is held by Washington area
residents.
Dover manufactures. in addi-
ton to elevators. oil well OPP
Grating equipment. piston rings
and gas and oil heating equip
ment and fixtures. It entered
the elevator business by way
Of automobile service stations.
A company spokesman said
Dover first manufactured the
hydraulic lifts used in elevat-
ing cars to fabrication levels.
Later, IL turned out other ro-
tary-type lifts.
Fred D. Durham. Dover pres
ldent. said his company win
operate its new unit as the
Shepard Elevator Division.
Other Dover plants are in
Memphis, Tenn: Tulsa. Okla.
Louisville. KY; California and
Canada.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
New Investment Firm
Establishes Onices

We'll g. Co.. a new invest
ment organization. has estab-
lished Offices in the Walker
Building, 734 Fifteenth street
NV.
Spokesman said the firm will
specialize in financial and es-
tate planning.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
New BUILDING
Set in Shirley
Development

Construction wiz start this
week on a l4-unit rental build
Ing in the Shirley Industrial
area near Springfield. Wa
move which officials hailed as
q boost TO the economic devel-
opment Of Fairfax County.
william s. Simms. chairman
Of the Fairfax Economic Indus
trial Committee. said the county
will be able TO attract new in
dustries. with the building pro-
viding space for immediate use.
He said Carlyle r. Boguess,
president of the Shirley Ware
house Corp, will construct and
own the new industrial building
and will lease its units. The
FIRST two units already have
been leased by an aluminium.
jalousie and sash manufacture
ing company, ne saio.
The building will consist Of
II units. each with 5000 square
feet Of floor space. and two
units each Of 5000 square feet.
Truck and railroad loading
facilities will be provided also.
he said.
The first four units of the
building. totaling 10000 square
feet. win be ready for occu-
pancy by November /, Mr..
Simms said.
The Shirley Industrial area
is a planned district of ap-
proximately SO acres at the
inter change of Shirley high
way and the proposed Wash
ington Circumferential high
way. Water and sewers already
have been extended to the area.
Other firms that have pur-
chased sites in the vicinity are
Southern Iron Works. Inc;
william H. Singleton Co.. Inc;
Fries, Beall &Sharp Co., and
the Rolls Royce Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
Contract Awarded
SALEM. Mas Anr. 1

SALEM, Mass, Aug. II (AP)
-Sylvania Electric Products.
Inc, has been awarded q Civil
Aeronautics Administr alton
contract for seven airport APP
proach light systems.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11

,tion." There1l be q so-mlnute
stage show with a cast OF 100,
Keeping pace with the Jet
age. Pollard Delivery Service.
Inc, drayage agent for airlines
serving National Airport. Ia
operating two way radio
equipped trucks TO cut travel
time.
Vice President Joseph Farley
says that while II may be too
early TO fully appreciate the
advantages Of the use Of radios.
we have In our short expert
ence noticed q definite Inn
provement In our service.
Travel time is reduced be-
cause Of the ability TO contact
the truck in that area imme-
diately. rather than wait for
the driver 10 call in" Mr.. Ear
ley reports.
The Roosevelt Automobile
Co., will distribute Abarth cars
built by Abarth a Co., OF To-
rino. Italy.
Abarths are conversions Of
the basic Fiat 900 engine and
chassis. The line Of Fiat 900
derivation Abarth $50" Gran
Tourisrno cars includes the
standard Fiat body. the coupe
Especial body by Zagatol and
Spyder convertible sports
roadster with body by Allen
drOl and the dual camshaft
Record Mona coupe.
Company President Franklin
d. Roosevelt. jr. who opened
the Fiat distributorship at 2S25
v street Me-. recently, will.
with the Abarth company, en-
ter three Of the Fiat-Abarth
750s at Sebring next March.
There's to be a strange bird
on television screens tomorrow
("Bid n Buy" CBS-Tv). 1t is
a new and different passenger
aircraft. mostly helicopter, built
by limbaugh Aircraft Corp. Of
Ocala. Fla.
With a $500 price tag, the
bird operates by means Of a
free-turning rotor, takes on.
climbs and cruises with the
power derived from a small,
but powerful pusher engine. It
takes of and lands vertically.
can maintain a cruising speed
Of 100 miles an hour and has
a three-hour cruising range, the
builder says.
It is reported to be STALL
proof and spin-proof and, they
tell us, can be flown by vir-
tually anyone after several
hours instruction.
4
]. Basil Burke. formerly
manager Of Ford's Mercury
Edsel-LlncOln Southeastern re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11

in most cases where the de-
ceased employe was q stock
holder. The stock could be sold
only 10 the company at the PAL
value Of $40 q share. The
amount Of the benefit was fixed
at not more than the amount
Of dividends paid In the Ave
years after the stock was re-
acquired by the company.
Held - The payments were
made TO supplement the "dis-
proportionately low price" al
which the stock was required
10 be offered to the company
after the stakeholder -employe's
death. The payments did moi
represent compensation foI
services and hence were moi
deductible.-29 T. c. No. SO.
LUMP SUM PAYMENT
When q Federal employe re-
ceives q disability annuity be-
fore normal retirement age or
his resignation or retirement
a lump sum payment for &C
cumulated leave must be In
cluded in gross income. Thu
provision Of the Internal Rev.
enue Code applying to a wage
continuation plan" for an EN-.
ploye absent because of injury
or sickness does not apply
Rev. Rul. 58-17S.
HE&
JEWELRY SALE-If an es-
tate includes q collection Of
jewelry, the retailers excise ta1
does not apply II the executor
sells the jewelry. There is 6
proviso. however, that neither
the decedent nor the executor
had been engaged in selling
jewelry at retail.-Rev. Rul. So
1877.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11

Elevator Firm Bought
By Dover Corp. Here

The Dover Corp broadly diversified manufacturing nrm
with headquarters here today IL purchasing the
shepard Warner Elevator Co. Of Cincinnati
Purchase price undiscoed but Dover spokesmen said
involved cash and 10000 shares OF Dover stock
Both companies long have been elevator manu-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
Southern Railway History
Planned for 1860 Release
Bank Of Bethesda
Adds Fifth Branch

The Bank Of Bethesda re.
ported today IL will have 1t,
fifth branch ONCE In the now.
developing wildwood Manor
Shopping Center at Old George.
town road and Grosvenor lane.
Bank President william H
Prescott said space has beer
leased In the shopping center
which will have Is stores and
parking facilities for about soc
cars.
Other Bank Of Bethesda Of
fees are at Wisconsin avenue
and Old Georgetown road, the
National Institutes of Health
the Naval Medical Center and
Woodmont Business Triangle.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
New Car Sales Slip
SHARPLY This Year

New car registrations in the
Washington area so far this year
have dropped 1875 per cent I'M
der 1857 levels.
The National Automobile
Dealers Association, which re-
0orted the sales dip. also pointed
out that this harms the area
economy. Total retail sales OF
the 169 area dealers last year
we're $3.50 million. or 1913 per
cent Of all retail sales.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
Texas Banker Elected

NEW YORK. Aug. II tAP).-
National Airlines yesterday an.
nounced the election Of A. @.
McNeese. Jr, Texas banker, as
a director.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11

q speech prepared for delivery
before the committee.
The committee Is considering
legislation 10 increase old aeG
and disability benefits. and u
boost the social security tas
base from $4,000 10 $4,000.
Southern Railway History
Planned for 1860 Release
A history Of the Southern
Railway System Is in the max
ing. with publication planned
for 1860, Harry A. DeButts
company president. said here
today.
Carlton j. Corliss. a veteran
writer on railroad subjects. will
produce the story of the l30-
year-old Southern system. Mr.
DeButts said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11
Safe. Stocks Also Grow
In Value, Experts Says

IN NoA9Ct SARCA - O@go
The mere fact that some
stocks are conservative does
not mean they fail to grow in
value. q securities analysis here
points out.
Alex. Brown q Sons, invest
ment securities dealers, recent
ly analysed the list of common
stocks approved for investment
in trust funds by the United
States District Court here. Al
though these are court-selected
for their safety value, they also
have shared in q general mar
ket rise, the dealers said.
THE courts list of stocks
has done extremely well over
the past five years." the analy-
sis reads in part. THE COM
parison, covering the period 81
August 1858 to 81 July 1855
showed tina the 50 utility issues,
as a group, have appreciated So
per cent in market value. The
composite average Of all 296
induStrials showed an ad-
vance Of ITO per cent -"
Social Security Increases
Not Needed, Insurer Says
A spokesman for life, acct
dent and health insurance COM
panies today told the Senate
Finance Committee that in
creased social security bene-
ITS are unnecessary now.
John H. Miller, a vice presi-
dent and senior actuary of
Monarch Life Insurance Co. Of
Springfield, Mass, asked for
further congressional study Of
the need for such increases.
He was speaking for the
American Life Convention. the
Life Insurance Association of
America and the Health Insur-
ance Association Of America in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-08-11

J. Basil Burke. formerly
manager of Ford's Mercury
Edsel-LincOln Southeastern re-
Milford chronicle., 1958-11-14
School Heads VIII
Meet AtDover Nov. 20
About Fifty Administrators Are
Expected To Attend

The annual fall meeting of the
Delaware School Study Council
will be held November 20 in the
South Dover Elementary School,
Dover, Delaware.
DR.. Paul Mort, Professor of Edu-
cation, Teachers College, Colum-
bia University, will be the guest
speaker at the morning session.
The afternoon session will be de-
voted to planning activities for the
Council for the coming year.
The Delaware School Study
Council consists of 80 school dis
tricts in the state and the State
Department of Public Instruction.
The University of Delaware also is
a sponsoring agency.
DR.. Mort, one of the foremost
educators in the country, has been
called the Father of the Study
Council Movement" because of his
close association from its inception
with the Metropolitan School
Study Council centered at COlum-
bia University.
About fifty public school admin
istrators are expected to attend
the meeting.
Milford chronicle., 1958-11-14
Corn Referendum
Is Due November rs
Farmers Will Go To Polls
On That Date To
Decide Program

Corn farmers will go to the
polls Tuesday, November 25, in a
special referendum to determine
whether the national farm program
for corn should be changed, chair
man Joseph w. Ennis of the Kent
County Agricultural Sterilization
and Conservation Committee, an
nounced today.
The referendum is provided for
in the newly enacted farm law, the
Agricultural Act of 1858. Voting
will be conducted in the CONNER
cial corn area, which consists of
932 counties in 26 states, including
Kent County.
Voters will express "a choice be-
tween the following alternatives:
1. A new program, under which
there would be no corn acreage
allotments and no designation OF
a commercial corn area. Under
fcontinued on page tenD
Milford chronicle., 1958-11-14
Slaughter Beach Fire
Co. Receiving Aid
Have Been Greatly Assisted In
Effort To Build Fire House

The Slaughter Beach Fire Co.
has been greatly assisted in their
efforts toward completing a Com
munity Building and Firehouse by
consistent working; however, cash
contributions received have been
discouraging, donations of ma
terials necessary have been pledged
which will aid greatly toward the
goal set. They are as follows: The
Milford Salvage Yard contributed
steel roof girders necessary; Sen
ator (Doc) Hoey gave 100 feet of
roofers and Howard Isaacs gave
500 feet of same. Both of these do
nations are sufficient to cover the
roof. The Milford Kiwanis Club do
mated heating plant sufficient to
heat the building when finished.
Weather conditions permitting
workmen will have the walls COM
pleted by the end of the present
week.
Hopes are high among the MEM
bers that the drive for funds and
assistance will be received to en-
able them to apply weather re-
sistance to the roof, purchase
doors and concrete for the floors.
A siren has been donated by a
friend
Milford chronicle., 1958-11-14
Peninsula Hort
Society Meets Dec. go
Session Will Be Held At
Capital Grange Hall
Dover

This years Peninsula Horticul-
tural Society meeting, December
$40, in the Capital Grange Hall,
Dover, Delaware, will deal with
many topics covering the latest
information and research results.
The program has been enlarged
to seven sections this year, accord
ing to president Robert Rider. Last
year only five halliday sections
were held. 1t will give vegetable
and fruit growers a fine oppor-
tunity to get all the latest infor-
nation in the field directly from
the research scientists.
Besides a special section on
marketing, there will be programs
on the following groupings: toma-
toes, potatoes and asparagus; pep
pers, beans and corn; two sec
tions on vegetables; and two on
fruits.
(continued on page ten)
Milford chronicle., 1958-11-14
Firemen Will Open Meeting
Close. Fund Due To Decide
Drive Sunday Country Club
Door To Door Canvass
Starting At One o'clock
Will Be eliminating
Feature Of Annual
Campaign.

The eliminating feature of the
drive for funds presently being
put on by the membership of the
Carlisle Fire Co. of Milford, will
occur this coming Sunday after
noon, November is, at one o'clock.
The wailing of the siren will
initiate + the door-to-door canvass
and the Firemen Volunteers hope
to complete the, rounds of the en-
tire city in one hour. If you do
not plan to be at home during this
hour of solicitation self-address-
CD envelope will be left at your
door. Your contribution, according
to Garrett L. Grier. Chairman of
the current drive, can either be de-
livered in person or mailed.
While the siren sounds on an
average of 148 times a year and
the firemenN respond at any hour
and in any type of weather for your
protection, this is the only time in
the year that the siren sounds its
erie blast for your help.
According to Dolphus Wilkins,
president of the Carlisle Fire Com
pany, the time has come for the
final payment on the tank truck
purchased last year, and the roof
at the Community Building has
many leaks that must be fixed to
save the interior from further dam
age.
With funds raised this year the
fire company hopes to make the
final payment on the tank truck of
$5,500.00. The roof, 33 years old,
Continued on page seven)
Milford chronicle., 1958-11-14
William Davis
Of Milford
OFF To Canada
Local Farm Youth Will
Attend 9th National
Al Club Week At Tor
onto.

William Davis, Milford, son of
Mr.. and Mrs. Jehu Davis, will be
in Toronto, Canada, Nov. Is when
the 9th National All Club Week
opens in Toronto and ottawa Bill
will be one of ten All delegates
from the United States attending
the affair. Delaware All Club
Leader Sam Gwinn said this is the
first part of a new exchange pro-
gram which will see Canadian A.
Hers attending the 29th National
All Conference in Washington,
d. c., next June.
Gwinn said Bill was selected on
the strength of his outstanding
record in All Club work. Bill has
been in All for ten of his 20 years.
He has served as junior leader
of the Millwood All Club, for two
years and attended National All
Club Conference in Washington last
June.
His main project work has been
the dairy where he has been en-
rolled for ten years. He also has
had projects in entomology, gar
den, poultry and health.
Bill has held all the offices in
his local Club at one time or an
other. He also has been both pres
ident and secretary of his local
Future Farmers of America chap
Continued on page ninel
Milford chronicle., 1958-11-14
Citizens Group
Proposal For
School Building
Program Wins
Proposals OF Committee
Of Twelve Unanimous
ly Endorsed At Meet
ing Attended By 125 On
Monday

The Milford School Citizens Com
mittee conducted a public meeting
in the Lakeview Avenue Auditori-
um Monday night, November 10,
1868, beginning at 1880 p. m, with
William Kenton serving. as chair
man after Max r. Corder, president
of the local Board of Education,
had called the group to order.
There were approximately 125 par
ents and taxpayers present and
they unanimously indorsed the
proposals of the twelve members
of the Citizens Committee which
consisted of: Clarence Downing,
Brown Thawley, Albert Peterman,
Burton Willis, Robert Zook, Harris
Belts, John Wilkins, Sr., George
Hammond, Granville Shockley,
Dallas Kitchens, William Kenton
and Daniel Friedman.
The Committee reported the ur-
gent need of additional classrooms
in the Milford Special School Dis
trict. At present four emergency
classrooms are rented from the
American Legion Post No. and it
is conserVatively anticipated that
pupil enrolment will continue to
Increase at the rate of four to
five classrooms per year. Accord
ingly, the committee and entire
group in attendance went on rec
ord favoring a referendum for the
sum of $148,000, to construct and
equip twelve classrooms at the
L-.lu NJ. Ross Elementary School;
two biology classrooms, one special
(continued on page Btx)