davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
YOUR
MONEYS WORTH
Contrary Consumers
W SYLVIA PORTER

must. in the immediate future,
take major steps TO bolster
your confidence in bushes,
prospects for the next II
months.
II consumer optimism doesn't
increase soon. the business up
turn itself will be endangered.
Last week the University Of
Michigap's Survey Research
Center issued a report on Com
sumner Attitudes and Inclina-
tons to Buy"-the latest in a
series Of similar surveys con-
Quoted two or three times q
iear since 1851. Among its high
lights were these:
For the first time in fiye
years, more people say that they
are worse of Than a year ago
than say they are better off,
80 per cent worse or" against
20 per cent better of"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28

You have become markedly
more pessimistic about business
conditions since last June. over
40 per cent now say conditions
are worse than a year ago,
against only IS per cent who
said It as recently as June 1857.
You are much more uncertain
about the outlook during the
next IL months--with 80 per
cent expecting bad or uncertain
times in the year ahead, against
only 20 per cent feeling this way
at the end Of 1856.
Your plans to buy new cars
are lower than either In late
1856 or 1855.
Pessimism Cited
Yet-and this is most signifi-
cant-you are much more pessi-
mistic about national economic
trends than about your own
economic situation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
7OCents Paid
By Southern

The Southern Railway an
nounced 1.-THE board Of directors
declared today out of 1857
earnings a quarterly dividend
of 70 cents share o nthe COM
mon stock without par value.
This Is payable March IL to
stockholders Of record Febru-
airy IL.
The directors also declared,
out Of 1857 earnings. the regu-
lar dividends on the $40 par
value preferred stock. on
cials explained these dividends
total 81, 100000. payable quar-
terly at V per cent on each
OF March IA. June Is and Sep
TENDER IS Of this year and are
IN addition 20 the Ia per cent
paid last December.
President Harry A. De Butts
said net income last year to-
tailed s34, 066.7l0 or $4.78 per
share Of common stock. This
compared with 1856 net income
Of $38.87l SOC or $5.52 per
share OF common stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28

Woodward g. Lothrop Is chair
man of the Educational Com
mittee.
IN spite of difficult times.
people are paying their bills"
said Mr.. Althaus. The collec-
ton percentage is OF only
slightly from the same time last
year"
Mr. Althaus said the course
VIII be given February 4. S
and Z at the Presidential Arms,
1920 @ street NV. February 9
VIII be skipped. The course
win be conducted by Sterling
S. Speake, credit instructor for
the National Retail Credit AS
ISOLATION He will come here
from st. Louis to conduct the
course.
The hours will be from Z to
10 pm. daily. Certificates will
be awarded for satisfactory
completion Of the course.
Mr.. Althaus said the course
Is being offered at a time when
charge accounts and INSTALL
iaent credit business are at high
.evels and economic conditions
are changing.
Creditors should take fun
advantage Of this opportunity
20 improve collection proce-
dures." he declared.
He explained that similar
schools have been conducted
for the past year or more by
Mr.. Speake in other leading
cities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
STARE GAZING
By FRANCIS P. DOUGLAS

After a four-year interval
history appears TO be repeat
ing itself. with the Nation
facing q recession which has
been compared with the one
Of 1854.
But. as Is the case with rep
etitions Of history. some Of
the circumstances are alike.
some vary.
The administration In 1885,
began getting ready a public
works program as one means
Of reversing the down turn
This time II appears the ad-
ministration is relying on in
creased spending for defense
TO accomplish the same end.
Meanwhile. money has been
made available for urban re-
development and military
housing.
Signals Listed
In September. 1858. DR..
Arthur r Burns. then chair
man OF the Presidents Coun-
Gil Of Economic Advisers. re-
ported to the cabinet. listing
seven signals of danger in the
economy. This is related in
Robert J. Donovan's book.
Eisenhower; The Inside
Story" The seven factors in
dicatfng the country's business
was in trouble. accompanied
by current data in the same
areas. we're:
!. A stock market decline.
Now. as in 1858. the stock mar
ket deadline is notorious. with
drop in 1857 OF about 81 per
cent in values.
2. An increase in business
failures. The number of fail
ures in 1858 was 1875 per cent
above those for 1852. The num-
Der in 1854 was IS per cent
above 1858. This time failures
again have climbed. The 1856
failures were up 1876 per cent
from the 1855 number and 1857
showed an increase Of SO per
cent over 1856.
3. A drop In orders for dura-
BILE goods then; now this is
again the case.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28

You. Americas consumers.
are a contrary lot.
You 60 into debt most heavily
not when your income is de-
clining and you're in bad
financial Shape--although on
the surface that would appear
the logical time for you TO be
borrowing TO buy.
You 90 into debt and borrow
most freely to buy when your
income is increasing. you feel
you're in good financial shape
and you can safely step up your
living standards.
You drop out Of the buying
market not when you become
saturated" with Roods--have
a fairly new car. a house. q Tv
set. ETC.. - although that also
would seem logical. The fact is
that the more you have. the
more you want.
You drop out Of the buying
market and postpone pur-
chases. though. you become
worried about general business
conditions. begin TO feel pessi-
mistic. That's when you're likely
to say, This car will do for
another year, this T'v screen is
good enough for now"
Action Is Urged
Which brings me right TO
today's news and q strong
warning: =
Government icy-makers
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28

4. A drop In residential build.
ing in 1853. Again true. but
signs developing now Of a hours
Of a reversal Of the down trend.
S. A decline in 1853 In hours
worked per week. Again true in
1857.
6. Declining farm prices in
1858. Not true this time; farm
income is up slightly.
z. Excessive inventories In
1888. These were finally worked
of in 1854. This time invento-
ries are up. but do not appear
to be excessive.
As in 1883 there were, in 1887.
declines in gross national urod-
uct tthe total value Of all goods
ana services producedl. in the
Federal Reserve Boards index
OF industrial production and IN
investment In plant and equip
ment.
Highway Program Cited
A road building program was
discussed by President Eisen-
hover to counter the 1853. 54
recession. At this time the
country has the huge Federal
highway program. Certain
cushions against economic de-
cline should act more emphati-
cally this time than last time.
Social security payments have
been expanded and the unem-
ployment benefit program has
been strengthened. Individuals
savings are large.
In the fall of 1853 Treasury
Secretary George NJ. Hum
phrey's hard money" policy
had worked so emphatically
that the Treasury jettiSoned
the term hard" and carefully
referred to the policy as one
of sound money" To loosen
the tight credit situation the
Federal Reserve Board made
two cuts in the discount rate.
bringing IL from 2 per cent
early in 1854 to Ia per cent in
April of that year. In Novem-
Der. 1857 the reserve board cut
the rate from 3la per cent to
3 per cent. Another cut is ex-
',~H'nd.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
FOREIGN EXCH'GE

NEW YORK Jan cs P-Forsisn
lars. others in cents ,lncna nTed unless
Otherwise notedi
Canadian dollar in New York open
market per cent premium or
iOl hT'a United States cents. on I3s.
EUROPE Great Britain pound }
- 81 aIls: 3O-day futures . 50 s5T:Is.
up iI3.,. 6O-day futures = NO f.Ig
nv-day futures s1aa ~. on faa:
Belaium ffTanel 2.OO,s up .OO,. nf q
cent; France Grpncl .J1s Of q cent:
$50; Holland fguildeTl 20 40, Italy
fllrsi IBia PortuRal tescudoi > 50.
Sweden fkronal 1875 Switzerland
lfrsrel tfreeI 1884. Denmark tkronel
~ So
"a Brazil free ! 10 Mexico sol.
Venezuela fboltvar) 1U.OJ
Par East. Hong kong dollar a. Oh
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
Capital Airlines Asks
Increase in Fares

Capital Airlines Asks
Increase in Fares
Capital Airlines. Inc. yester-
day asked the Civil Aeronautics
Board to withdraw its petition
TO set a subsidy mail rate and
it requested a fare increase.
President David H. Baker
sent a letter to Chairman
James r. Durfee Of the Civil
AeronauticS Board, which said:
Capitals situation has been
relieved to some degree by its
recent agreement with Gen.
eral Dynamics. which provides
not only for refinancing the
present British loan with lower
annual debt payments and in
tereSt rates, but also provides
the -turbo-jet equipment re-
CURED TO retain its competi-
tive position in the industry
Mr.. Baker said that. based on
current operating results. 1t
now appears that our fore
casted losses for 1858 will not
be as great as those antic-
ipated and projected in our
recent petition for subsidy"
Mr.. Baker recalled the board
had indicated immediate ap-
prevail of fare increases aver
aging Sc per cent. Capital in
Structed Agent J. B. Walker,
director of the Tariff Publish
ing Bureau OF the Air Traffic
Conference, to file increased
first-class and coach fares
computed at a 4 per cent in
crease of current one way
fares plus 81 additional per
ticket.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
Dividend Passed

NEW YORK. Jan. 20 fHl.--
Directors OF Foster Wheeler
Corp. took no action on the
FIRST quarter common dividend
normally due at this time. The
stock dropped $4.75 a share TO
$3i as on an opening block Of
10000 shares on the New York
Stock Exchange.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
Richmond Federal Reserve
Posts 40es Earnings Gain

An increase OF some 40 per
cent in net earnings last year
over 1856 was reported today
by the Federal Reserve Bank
OF Richmond.
In its annual report for 1851.
the bank said net earnings be-
fore payments to the Treasury
totaled S37. 43.398 for last year
aginst 6.6S3.6i9 for the year
previous. The bank paid the
Treasury $50. 1888. 6SS interest on
Federal Reserve notes as COM
pared to only $23.237.534 the
prior year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
Hotel Lafayette Reported
Leased BY Midwest Chain

The Associated Press reported
from Ottumwa. Iowa. today me-
eotiation Of a long term lease
Of the Hotel Lafayette here was
announced by c. II. Mitchell.
president Of the Mitchell-FoS-
ter Hotel Co.
Mr.. Mitchell said furnishings
OF the Lafayette were purchased
from @. II. Parrish. operator
Of the 250-room hotel for the
past IA years. Mr.. Mitchell
said extensive improvements
are planned. The Mitchell
Foster chain operates 10 other
hotels in Iowa. Michigan. ILL.,
nois and Wisconsin.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
'' ~ BUSINESS
Credit Collections Here
Only Slightly Below ST

Collections here running only slightly below last
John Athaus Of the Credit Bureau said today
Mr. Athaus announced the Retail Credit Association and
will cooperate In conducting short early
next retail credit fundamentals Edward Cozz Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
6 ID. c. Dealers Picked
In Brand Name Contest

Six Washington dealers have
been selected among $40 over
the country to compete in
the Brand Name Retailer Of the
Year contest sponsored by
Brand Names Foundation. Inc,
New York. officials today an
nounced.
They are: Arcade Pontiac
Co. 1897 Irving street NV
automobile DEALER; Food
Town. Inc. 400 South CAPITOL
street Sc. food store. class II
Greene's Cities Service. 45l5
Macarthur boulevard NV
gasoline service station
Meenehan's Hardware. 2004
Fourteenth street NV. (hard-
ware storeD. Slattery's. 4309
Wisconsin avenue NV. (appli-
ance store) and Drug Fair.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
MUTUAL FUNDS

NEW YORK. Jan. Is Bs--NAtionAl
Association Securities Dealers. Inc.
tNoon 0uolatlonst
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28
G. r. Owens Of ESQ
Retiring After 80 Years

After 80 years service, Charles
Raymond Owens is retiring
sistant for fuel oil ard oil
burner sales Of ESQ Standard
Oil Co. here. He is widely
known among heating oil engi-
neers. oil distributors and con-
sumers.
A native Washingtonian, Mr.
Owens joined the firm in 1924
coming from the Engineer De-
partment of the District gov
eminent. He organized and
managed Esso's pump and tank
department. In 1881 he aided
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-28

in launching the new sales and
maintenance department for
domestic oil burners.
Milford chronicle., 1958-11-07
ADVERTISEMENT FOR BIDS

Sealed proposals win be received
by the Delaware State Highway De-
partment at its office Groom 202) in
the Highway Administration Building
until 2:S$ p NJ, E. S. T., November
5, 1858 and thereafter publicly opened
for the following equipment:
CONTRACT NO. SWE- 1873
2-Door Sedans
CONTRACT NO. SWE- 80 So
10 74oo GvW Pickup Trucks
CONTRACT NO. SWE- 1888
2 7400 GVW Pickup Trucks
Attention is called To the General
Contract Provisions, the Specif1ca-
tions, and the Contract Agreement
in the Proposal.
The contract will be awarded or
rejected within 80 days from the date
of the opening of proposals.
Bidders must submit proposals upon
forms provided by the Department
Each proposal must be submitted
in a separate envelope, and the en-
velope shall be clearly marked PRO
posal for State Highway Department
Proposals may be obtained any time
after October 23, 1858 at the office of
the Equipment Superintendent in the
Highway Building, New and Water
Streets, Dover, Delaware.
DELAWARE STATE HIGHWAY
DEPARTMENT
BY: J. Gordon Smith. Chairman
R. A. Haber, Chief Engineer
October 20, 1858
Dover, Delaware 10-24-2t
Milford chronicle., 1958-11-07
ORPHANS COURT SALE
Sale
= OF VALUABLE
REAL ESTATE

LAURLIN PURNELL MCKINNEY,
A Minor
BY virtue of an order of the Orphans
Court of the State of Delaware, in
and for Sussex County, there will
be exposed to sale by way of public
auction on
WEDNESDAY, NOV. 12, 1858
at 2:SO p. m. (E.s.T0 on the prem
ises on Delaware Avenue, in the Town
of Bridgeville, Sussex County, Della
ware, the following described Real
Estate, to wit:
ALL that certain lot of land situated
in the Town of Bridgeville, Sussex
County, Delaware, beginning on the
northeasterly corner of lot now or
late of w. e. Graef, running easterly
along Delaware Avenue sixty (60)
Levin J. Moore; thence in a southerly
direction along said Moore's Lot one
hundred sixty (16O) feet to Pine St. !;
thence in a westerly direction along
Pine Street fifty (50) feet to the lot
of the said Graef; and thence in a
northerly direction along the lot of
said Graef one hundred sixty (160)
feet to the place of beginning, cantain-
ing eight thousand $4,000 square feet,
more or less, improved by a dwelling
The right, title and interest of
Helen B. Purnell Davis, widow of j.
Burton Purnell in the above described
real estate will will be sold with the
interest of Lauflin Purnell McKenney,
a minor, and said Helen B. Purnell
Davis will take an equivalent share
of the proceeds of said sale, being
appraised value of her dover.
TERMS: Twenty per centum of the
purchase price will be demanded on the
day of sale, and the purchaser or pur-
chasers shall on or before November
IA, 1858, pay to Helen 3. Purnell DaN S,
guardian of Laurlin Purnell NICK, n
ney, a minor, the balance of purchase
money. If the purchaser or purchasers
fail to comply with the above terms
the percentage of the purchase price
paid on the day of sale will be for
feited. The purchaser or purchasers
will be required to pay the cost of
the deed or deeds and the revenue
stamps to be placed thereon.
notice.: The reutrn of sale will
We made at an adjourned term of the
Orphans Court in and for Sussex
County to be held at Georgetown, Del
slware, on Friday, November IA, 1858,
at 200 p. m. &c. S. To for confirm
HELEN 3. PURNELL DAVIS,
Guardian of Laurlin Purnell McKen-
ney, a Minor and Helen B. Purnell
Davis
BY Order of the Orphans Court
Paul c. Clogg, Clerk
Frederick P. Whitney,
Attorney for Guardian
Georgetown, Delaware 10-31-2t
Milford chronicle., 1958-11-07
SALE
OF
Standardized
Horses

At the Diamond Horse Farm, located
just off Route 5, between Milton and
HarbeSOn, on
THURSDAY, NOVEMBER 13, 1858
AT I p. M.
Item No. 1-PENNY BARNES, bay
mare foaled 1910, by Peter Zombelle;
dam OF Peter Bohemia 2:06 3-5, Charm
Bohemia 2:16.
Item No. 2@DENISE voLO, brown
mare foaled 1853 by Henry Volo, dam
Little Caddie. Little Caddie is by En-
sign Hanover. This mare is in foal
Item No. S-WON DAY, bay mare
toaled 1948 by My Birthday, dam
YoSirr Wonder.
Item No. 4-QUEEN WILKES, roam
dam Queen Direct. Queen Wilkes is
the dam of Spruce Up, 2:01 2-5, Van
guard 2:08 3-5, Princess Edith, 2:08
Item No. 5-HoPE DIAMOND, bay
mare foaled 1851 by Hot Feet, dam
Hope Hanover by Calumet Chuck
This mare is in foal to Ima's Watson,
2:01 rs, the fastest son of Watson
Item No. e-DAGSWORTHY EVE,
bic Hanover, dam May Media by Bon
ny Castle. This mare is a half sister
to Dagsworthy Lady, 2:04 3-5 and
Dagsworthy York, 2:04 2-5.
Item No. 7-SWEETIE TOLSON, bay
mare foaled 1947 by The Duke of
Frisco, dam Lady Tolson by Dewey
Arlington. Sweetie Tolson is the dam
OF Dean Tolson.
Items No. /, 2, are being sold
pursuant to the laws of the State
of Delaware providing for Livery and
Stable Keepers Liens, Chapter 80,
Title 25, Delaware Code of 1853.
TERMS: 20 per cent the day of
sale and balance when horses are
removed from the farm.
THE DIAMOND HORSE FARM
10-31-2t Milton, Delaware
Milford chronicle., 1958-11-07
PUBLIC SALE
OF
MACHINERY
AND
HOUSEHOLD GOODS
TUESDAY, NOVEMBER II. 1858

TUESDAY, NOVEMBER IL, 1858
AT 1000 O'CLOCK A. M.
have sold my farm and have no
on the farm where l now reside To-
Gated on Burton Road, road leading
from Dover Railroad Station to Wy
oming, just opposite the Southern
states Feed Store, west Of Townsend
Brothers Garage.
FARM MACHINERY
One Furguson tractor Frurguson
cultivator, IA" two bottom F'urguson
plow, Furguson tractor disc, all in
good condition, New Idea manure
spreader, hay rake, wagon, grass
mower, grape sprayer, also spraying
materials, " ton metal car trailer,
one-hah ton truck rack body,
lawn mowers, large stcne water
trough, one 5-piece lawn set of fur
niture, lot of seasoned stove cut wood
lot of poultry equipment, stoves, feed
ers, coops, poultry wire, barb wire,
galvanized pipe, all sizes; sacks, bas-
kets, cider or wine press, cider bar
rels, lot of junk iron, tools, shovels,
forks, set of double harness and single
harness, brides, single, double, and
three-horse trees of all kinds; one 10
Oliver 2-horse plo%, single horse piow,
cultivators, good baled soybean hay
and some straw. Other items too nu-
merous to mention.
HOUSEHOLD GOODS
Chrome breakfast set, porcelain top
table, new Sears, Roebuck gas range;
white porcelain Home Comfort coal
or wood stove, good as new; new
model Frigidaire refrigerator, metal
cabinet, white kitchen cabinet, walnut
cupboard, kitchen sink, one 2-pot
space oil heater, 80 gallon electric
water heater, two $4,000 Is. T. u. gas
heaters, room size electric heaters,
ditto machine, white Maytag wringer
type washing machine, 10-piece wal
nut dining room suite with extension
leaves, drop-leaf Singer sewing ma
chine, good condition; Philco combi-
nation radio and record player, like
new; 24' Philco television and anten-
ma i'm perfect condition: two-piece
new living room suite, 2 end tables
and lamps, library table, book case,
odd chairs, stands, books, pretty
house plants, two S cushion studio
couches, Bogart upright piano, in good
condition; two IL wool rugs, one
X 10 Oriental rug. one 8 X IL limo
leum rug, lot of throw rugs, walnut
marble top dresser, wardrobe, chest
of drawers, metal beds, complete,
pictures, mirrors, silverware, dishes,
Jars, stone jugs, lots of items not
mentioned. All of these things are in
good condition.
TERMS: CASH day Of sale.
MARTIN JANEkA, ST., Owner
ll-7-lt Dover, Del Phone 5l24
Milford chronicle., 1958-11-07
ADVERTISEMENT FOR BIDS

Sealed proposals will be received by
the State Highway Department of the
State of Delaware at the Federal-aid
Division office, End Floor of the Arden
Building, Room 203, IL e. North
Street, Dover, Delaware, until 200
p. M. E. S. T., November IA, 1858:
CONTRACT MC-29
Kent and Sussex Counties
(MARSH AREAS)
Cleaning and Repairing of Existing
bitches
Construction of New bitches
Construction of Tide Gates
Approximately 125 Working Days
Attention is called to the Special
Provisions in the proposals, the spe-
cifiications and' the Contract Agree
ment.
The employment agency for these
contracts shall be the Delaware State
Employment Service whose offices are
located at 601 Shipley Street, Will
mingtOn, 1876 South Bradford Street,
Dover, and North Race Street, George
town.
Bidders must submit proposals rpon
complete forms as provided by the
Department for bidding purposes.
Each proposal must be accompanied
by a surety bond, certified check, or
money to the amount of at least ten
(1O) percent of the total amount of
the proposal.
The envelope containing the pro-
posal must be marked Proposal for
the construction of State Highway
Contract No.
The contract will be awarded or re-
jected within thirty 500 days from
the date of opening proposals.
The right is reserved to reject any
or all bids
Complete sets of specifications may
be obtained upon receipt of five dol
lars ($5.00) for each set which amount
will not be refunded.
ware State Highway Department.
DELAWARE STATE HIGHWAY
DEPARTMENT
BY: ]. Gordon Smith, Chairman
r. A. Haber, Chief Engineer
November 3, 1858
Dover, Delaware 11-7-2t