davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
'SBA Requested
To Broaden Base
For Assistance

The National Retail Mer-
chants Association wants bene-
fits of the Small Business Ad-
ministration's services extended
to retail firms with volumes ur
to So million a year, instead OF
just 81 million year as al
present.
1t has urged Wendell B
Barnes, SBA administrator. tc
revise the SBA definition OF
small" retail stores to permit
more stores to qualify for these
services.
In a recent letter to Mr.
Barnes. NRMA's president
George w. Dowdy. pointed Out
that after exhaustive trade
studies. the association ha,
defined a smaller" store a:
one with an annual sales vol
ume of up to 50 million.
The association represent.
more than $500 member de.
partment, chain and specialt,
stores, of which more than 81
per cent meet its definition Of
smaller stores" Mr.. Dowdy
said. The SBA's services woulc
be of measurable benefit t.
those merchants who wouIc
become eligible" he emphasized
I'VE sincerely hope you viii
give this suggestion your full
review and that you will call OF
US for any assistance we MAY
give you in your consideration
of this matter" he declared.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
Records Set
BY Interstate,
Jones Reports

Interstate Building Associa-
ton had another highly sue
cessful year in 1857 and assets
set a new record of $49, O05. 296
at its close. an increase of S.
621.5 55 from a year earlier,
President Edward K. Jones re-
ported last night.
Addressing the annual share
holders meeting, Mr.. Jones said
1929 new savings accounts were
opened in Interstate in 1857,
resulting in a net gain Of S.
413.142. which lifted invested
savings to a new high Of SAL
826.078. Dividends amounted
to $1,313,126.
lnterstates reserve now total
$2,9l0.194. Mr.. Jones reported.
Counting reserves. cash assets
and holdings of Federal obliga-
tons. the association is in IAN
enviable position as to liquidity
and strength" he said.
The association made $22,-
1928 of home loans in 1857,
includir $8,915,063 for home
purchases and $13,8l6,15O for
new construction, he added. It
made 400 loans totaling &c.
436,014 to veterans during the
year.
Mr.. Jones said three branch
Offices now have 4,753 savings
accounts totaling $8,7O9,099.
The shareholders meeting
was held in the main office,
on the ground floor of the
Washington Building, which
was purchased by the associ-
alton last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
CHICO LIVESTOCK

CHICAGO, Feb. 5 Up (UsDA) Sal
able hogs 5000; moderately active:
uneven: steady to strong on butchers
under 24O lbs: butchers over 240 lbs.
strong to 20 higher: hows steady to
20 higher; only fair shipping demand |:
put All local packers in trade early;
N No. ! >, butchers scarce. particularly in
butchers I9.65-20.OO: a few No. Is
around go lbs down. to 1850: 20.CO
ps.o rather freely for 300-22O lb.
welGhts; including few lots 1-2 these
weights 29.00-@0.l5: Is head lo2 10
EGO lbs. l9-sj-is.f5; $70-3O0 lbs.
mostly IS IS.55-I9.35: lot No. IS
i6p lbs. 1900: larger lots mixed grade
'00-575 10, sows l6.15-l7.75; a few
lots 3 !, e. RS. 15.5a557ois.:5;i .oo.
slrUna to 's csy ss go hsher stff Ha
than on Monday: choice and prime
heiiers steady to 80 higher; lower
graoes steady to weak: other classes
fully steady stockers and feeder:
loads Prime pr ne is,i56.1.s5 SS Id steers steers
20. O0-32 so: bulk high choice anc
prime 2S.00-31.75; most average choice
70. 25-25 80: most good and low
standard steers 1e.O0-22.50; q few
esSO en MOST e anS Df%e stand
standard cows IS.OO-i9.50; utility
and commercial 16.00.1S.00: Gamers
and cutters 13.5O-16.Q0; utility and
commercial bulls 19.0Q-21.25: good
s saf snS a. yts'r; 1896 90 S Sas
medium. to low good 1000 B feeding
steers 21.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
FOREIGN EXCH'GE

NEW YORK. Feb. IR.--Foreign
exchange rates, Great Britain IN
Canadian dollar in New York open
i 1879. .ssM Us. cents. up / ~. D v
Europe; Great Britain pound
ss.siss; 30 day e futures $50 .9i32'
lures go 7k32: Belgium franc
OF cent; Germany western
ldeutsche mark 23.S0; Holland
lguilderl. 26.40. up ;00a; Italy tlira
$50: Sweden tkronal 1894; Swift.
zerland tfranc) tfree) 1884: Den.
mark (krone) 14.50.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05

affection for you during the
holiday Seasonl
In previous years, most
Treasury agents haven't done
much to disturb the practice
of deducting the Christmas
gifts as expenses of the en-
Iployer without considering them
as additional compensation to
the employe.
But, we repeat, last year the
Treasury specifically pointed
out that even small Christmas
gifts-in goods or in cash-are
additional compensation to the
employee, are subject to with
holding and social security tax
and must be reported on Form
W.. And in view Of this, the
examining agents have a basis
for making a giver's and a re-
ceiver's life miserable and they
well may do so.
Problems Likely
Over the years, vast numbers
of business firms, big and small.
have built up the precedent of
giving Christmas gifts. If they
break this precedent now be-
cause of tax problems. they'll
run straight into some even
messier personnel and emo
tional problems. What can
you do?
Well. you can claim your de-
duction for these expenditures
without including them on
your employees Form W., and
liz an examining agent disallows
the deduction, you can fight.
You'll probably win your deduc-
ton, but it'll be at the cost Of
expensive litigation.
Or you can give up your de-
duction for these expenditures
to avoid the tax to your
employees. The gifts still would
be income to your employees.
but the odds are examining
agents wouldn't raise the ques-
ton if you didn't deduct
Or you can claim your de-
duction for the gifts and pay
the additional withholding and
social security tax of your en-
ployes yourself. That would
certainly increase the cost Of
your Christmas generosity.
The chances are that you'll
keep giving the gifts. you won't
give up your deduction, you
won't report on Form W. and
you'll risk trouble with the
Examining agents. It's an un-
happy situation all around.
4 \ Il X
Tomorrow: Insurance policies
for business and professional
men.
Distributed 1853 by The Hall
Syndicate. Inc. All Rights Reserved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05

given to your employees to some
miscellaneous expense account
and forgotten them.
But a Treasury ruling issued
in 1857 has now thrown the
common practice of giving
Christmas gifts to employees
into the category of a TAI
problem.
For the Treasury ruling
makes the point that these
Yuletide gifts-even when they
take the form of turkeys
candies, pens-are not just 6
business expense for you. They
are additional compensation tc
your employees, and the Treas
ury says they are subject to
withholding and social security
tax and must be reported on
Form W.!
OF course. if you gave an en-
ploye a substantial Christmas
gift of. say. $1,000 last year. we
assume that regardless Of
whether you called the check q
gift or a bonus, you treated the
payment as additional COM
pensation to be deducted by
you and included in the taxable
income of your er. ploye.
Value Is Small
But if your gifts took the
turkey and-candy form, we as
sumo your feeling about the
nature of the gift was different
Each employe was given only
a small value in merchandise
although the total cost of the
gifts to you might have run tc
a considerable sum. To elm
mate the nuisance of handling
each small gift as an item Of
compensation, you wrote of
the total amount as some gen.
eral expense.
To see how this works out
suppose you employ rs workers
and last Christmas you gave
each one a $25 gift certificate
at a total cost to you of $625
Now If those certificates were
considered to be SIS for addi-
tional compensation, you woulc
have had to increase what you
withheld from each employees
paycheck by an added amount
needed 20 cover the withhold
ing and social security tax or
the $25 gift.
Assuming this would have
run TO SIS. each employe woulc
have taken a SIS cut in cash
take-heme pay because of your
Christmas gift-a result hardly
calculated to increase theil
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
Shipping Firm Dividends
Protected by Subsidy

Subsidy clauses for Ameri-
can shipping companies under
contrasts with the Maritime
Administration provide a
"built-in floor" to the level OF
earnings Of these companies
and a measure of dividend pro-
lection not generally appre-
ciated, reports Lloyd Haas in
a study being distributed by
Ferris & Co.
Auchincloss. Parker g. Red
path has reviewed Parke. Davis
g. Co. and Corn Products Re-
filming Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
Savings & Loan Institute
Plans Spring Glasses

Washington Chapter, Ameri-
can Savings & Loan Institute,
will offer four basic courses
under outstanding instructors
in the spring term. it was an
nounced by Robert = F. Nc
Conkey, chapter president.
William E.. Poulton, senior
vice president of Columbia Fed
eral Savings and Loan Associa-
ton, will teach the class in
management, while John U.
Raymond, executive vice presi-
dent Of Home Federal Savings
and Loan Association, will teach
savings and loan principles II
William H. Rippard, control
Ter of Perpetual Building AS
ISOLATION. will conduct the saw
ings and lean accounting class
and Arthur M. Fisher. profess
sor.al lecturer on appraising at
American University, will teach
residential appraiSing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
ALB Chapter to Debate
With Richmond Team

Debaters from Washington
Chapter, American Institute of
Banking. will compete with a
team from Richmond Chapter
of the Institute at Richmond
Friday night.
Mrs. Ethel Miller Of Nc
Lachlen Banking Corp. and
Cecil Brown of the National
Bank of Washington will be
members Of the Capital team
and William C. Vowel. jr., OF
NBW will be alternate.
The debate subject will be:
Resolved: That the further
development of nuclear weap-
ons should be prohibited by in
ternational agreement"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
Surplus Funds Expected
In Long Term Financing

Surplus Funds Expected
In Long Term Financing
This year will be a relatively
favorable period for borrowers
of long-term capital and avail
able funds are expected to ex-
coed demand by a relatively
small margin. Solomon Bros. &
Hutzler reported today.
Over and above anticipated
demand of $21.4 billion. the
investment firm estimated there
will be a surplus of $500 million
long-term capital. which is
about 2.3 per cent of expected
total demand.
A breakdown of the firms
estimates of 1858 sources of
long-term funds included: SAG
billion from life insurance COM
panies: $1.8 billion from mutual
savings banks: $40 billion from
savings and loan associations;
$2.8 billion from private pension
funds; SIG billion from State
and municipal retirement and
pension funds: 81 billion from
fire and casualty insurance
companies; $50 billion from
other long-term funds. These
total $21.9 billion.
Listed among the sources of
demand were: $10.2 billion If
mortgage financing: $3.4 billion
of State, municipal and public
revenue authority financing;
$7.8 billion of corporate financ-
ing. These total $21.4 billion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05

million Of bank loans and help
pay for the company's con-
struction program. Mr. Dunn
said.
The SEC registration state
ment indicates the new shares
will be sold by the company
through group of Washington
and New York investment
banking firms managed by Dill
Ion, Read & Co. of New York
and Johnston, Lemon e. Co. Of
Washington.
The group also will include
these Washington firms: Auch-
incloss, Parker g. Redpath:
Alex. Brown a. Sons; Folger,
Nolan, Fleming-W. B. Hibbs
a. Co.: Merrill Lynch, Pierce,
Fenner & Beane: Ferris u Co.;
Hemphill, NoyeS g. Co.; Jones,
Kreeger & Hewitt; Mackall &
Coe; Rouse. Brewer & Becker;
Robinson 81 Lukens, Birely &
Co. and Rohrbaugh 81 Co.
PEPCO also filed applica-
tions for approval of the pro-
posed issue with the Public
Utilities Commission of the
District of Columbia and the
State Corporation Commission
of Virginia.
Subject to clearance by the
regulatory agencies. it is ex-
pected the new shares will be
offered publicly on or about
February 26. The price. divi-
dend rate and other terms of
the offering will be determined
later.
Shortly after the preferred
offering the company plans to
offer around $40 million of con-
vertible debentures to stock
holders by means of trans
ferable subscription warrants.
Debentures will be convertible
into common stock.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
Chairman Rickenbacker Cites
Low Earnings for 1857

Chairman Rickenbacker OF
Eastern Airlines told his board
Of directors yesterday that pre-
limlnary figures for the COM
pany provide a graphic example
of the effect on airline earnings
OF the CABS refusal to raise
air fares above 1888 levels.
On the largest air passenger
volume produced by any air.
line and the highest sales
revenue in Eastern's 30-year
history, his company showed q
profit of only IL cents per sales
dollar in 1857. he said.
Net profit from operations
was $6,843. 900. compared with
$14,198,000 in. 1856. This profit
however, included $2,250.000
transferred from operating re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
Grand Union Co. Sales
1QO Def Ahn,rn 10EH


Sales of Grand Union Co.
which operates Food Fair
Supermarkets in the Washing
ton area, amounted to $34, 667,-
349 in four weeks ended jan
uary Is, a gain of 1872 per cent
from $29.317,479 in the like
1857 period. President Lansing
P. Shield reported yesterday.
Grand Union sales in A
weeks of the fiscal year ended
January rs totaled $3S4,757,-
LOG. an increase of 14.2 per
cent from $336.959,133 a year
earlier.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
'3 e BUSINESS
PEPCO Files $15MiIIion
Offering Of Preferred
BY DONALD b. HADLEY
star Financial Edlter

Potomac Electric Power Co. today filed registration state
ment with the Securities and Exchange Commission for pro-
posed Offering Of 100000 shares of preferred stock to raise
around SIS Million President r. Roy Dunn announced.
The series of serial preferred stock will have par
value Of $50 share and proceeds will be used to retire STA
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05

This is the third Of q series Of 10
columns BY Sylvia Porter on some Of
the significant tox Law changes ia
1857.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05

Like practically all business
men, you probably have given
your employees minor Christmas
gifts-and like most small bust
nessmen. you probably have not
considered the possible tax
problems resulting from your
generosity.
You have simply charged the
relatively small Christmas gifts
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05

serves provided by earnings in
previous years. he said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05
YOUR
MONEYS WORTH
AZ SYLNlA PORTER
Your Income Tox-W
DY SYLVIA PORTER

On collaboration with the Research institute
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-05

Tomorrow: Insurance policies
for business and professional
men.
Distributed 1853 by The Hall
Syndicate. Inc. All Rights Reserved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-27

acfioz u cospeiIed 70 pay. On vhaf ID hey ba's
nheir @emmezff
An old law Of 1903 says that Indians Of the
Six Nations may travel free On any turnpike in
that area Ms, hesa. AMI.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-27
0uiz En- Question. an. answer. '..-. .,. ..-

the same institutions lived long enough for this
event. VICE. Washington. d. c.
Modern Age How we're films Of me Indian
apOiis SOO-Afiie Race sem from ne Speedway 10
dOwHtoWH TT siafioH1
Homine pigeons few the films to the ieIevision
studios. Mrs. ID. KaishfssOwn. Ind.
Grub Bag :. According 20 NE Department Of
Agriculture. whaf was me food bin Eor a optical
family Of four In 1887
About SI.OO7. or SIS more than in 1856.
Nevertheless, average food costs were lower than
In the peak year Of 1882. -S.R.. Philadelphia
FoWWosw -Four lBdiaas. en- route 20 Syracuse,
refused 10 pay the TIknpay fOH. threatening court
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-07-27
syToM HENRY

Corny Cat RObevf, a SianIese cat AZ Signal
Mountain, 7eM., WHO loves cOrR-Os-hhe-c0b, re-
ceHfly had a very serious problem. Whaf was 10?
A cavity developed in one Of his two remaining
front teeth. But dentist came to the rescue and
filed the tooth with silver so Robert could con-
tinue to enjoy his favorite food.
Mrs. DIRT, Signal Mountain. Tenn.
Old Boys :. Whaf proportion Of college grade
afes may expeef 10 live long enough 10 attend their
5Ohh class reEmi0ns?
At least 50per cent, according to the experience
Of five Ivy League schools. In the 18th century
only slightly over one-third Of the graduates Of
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1958-07-17
Korean War Bonus
Declared Legal
By Supreme Court

The Korean War Bonus issu,
was declared constitutional by
the MOntan State Supreme
Court Tuesday.
The court divided Al in ruling
on the matter which was argued
January Is. Chief Justice Jane.
T. Harrison wrote q % page
majority opinion which was also
signed by Justices Al3cr, II
Angstman. Wesley Castles and
Acting Justice ". NJ. Black OF
Shelby. 4 l5.pagc dissent wa.
filed by Justice Hugh Adair.
a one.ccnt'a.packagc tax on
cigarettes was ordered by III.
State Legislature in 1857 and al
ready over 81 million has beer
collected toward the So million
that Is estimated to pay Korean
veterans.
Veterans Of the Korean Wa,
will begin To receive their check.
In about six weeks. Local Amcri
can Legion officials will kccl
abreast Of developments concern
ing applications. etc. and vii
assist any veterans who desire i,
to make claim for the bonus.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1958-07-17

DuBray. arc under 81 years oi
arc Dulsray is -. The polio cases
arc among children and youths
ranging in age from 7's months
to ID years
Threat TO Indian Days
Because the epidemic persists
on the reservation. DIR. Gcrtson
said there Is a good possibility
Of the North American Indian
Days celebration scheduled for
August Ia may be called off.
A meeting Of Public Health
officials and tribal officers Is
scheduled for tho latter part Oi
the week to determine whether
or not the annual celebration can
be- held.
(;crtsOn repeated his plea last
Sunday for all parents on the
reservation to bring in their chill
dren for the second Salk vaccine
shot four weeks after the date Of
the first shot.
More than 1000 Of the csti
mated 5000 people living on the
reservation have received their
first shots: We would like to get
nj least another 1000" Doctor
GertSOn said.
Some persons have refused
10 have shots. We can't do any
thing about them. but We du
want to emphasize the import
ance Of immunizing as many as
possible" he said
An estimated 100 people had
completed their series Of three
shots on . voluntary basis prior
to the epidemic. but these per
sons are being asked to take
booster shots.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1958-07-17
Six Aospitaized Following
East Glacier Highway Accident

: Six tern-agerS were hospital
lied in Browning Monday even
ing following car-truck acct
dent Just east of the high bridge
near East Glacier at about $50.
The car. carrying the six young
people and travelling east. side.
Swipcd large westbound flat
bed trailer. then. out of control.
hurdlcd through the air for about
% feet AT spot where the road
had cavcd into tho Two Medicine
river ravinc. and landed on the
fresh graded fill about Is feet
below the roadbcd.
Occupants of the car included
Harvey Wilson. 10 Anne Show.
Linda Douglas. Patricia Morris.
George Shut and Arlyn lladen.
berg
According to witnesses the car
came down grade and across the
bridge AT considerably more than
tho 25 mile an hour speed limit.
This was evidenced by the skid
marks and measurements taken
by highway patrolman. Frank
Ilulbur,. who investigated the
accident.
Most seriously hurt were liar.
vcy Wilson and jeanne Show.
Wilson received a broken jaw.
multiple scalp decorations and q
possible skull fracture and was
on the operating table four hours.
Miss Show sustained decorations
on the right thigh and severe
fracture and dislOcation of her
right ankle.
Patricia Morris suffered a slight
brain conclusion and numerous
decorations.
Linda Douglas received mum.
crous decorations and bruises and
a severe liberation Of the left ear.
Shut and Radcnbcrg suffered
multiple bruises and abrasi0ns.
Al! were reported suffering from
shock upon admission to the hos.
piial.
Miss Show was transferred to q
Great Falls hospital early Friday
morning and Misses Douglas and
Morris are still in the local hos
pital under observation. The
others have been released.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1958-07-17
j. s. Forest Service
Conducts School
For Fire Fighting

On july 3, the y. S. Forest
Service. National Park Service
and the Indian Service joined in
q joint effort Of training forest
fire crew leaders.
The training school was given
to fifteen interested Blackfeet In.
dams. They are as follows: Dom.
inic Yellow Owl. Fred Bull Calf.
Jr.. John Murray. Fred Rccvis.
Harold Bird Rather. Charles Ben.
nett. Joseph Evans. Max Oscar.
James Kickingwoman No. 2. Sam
Cut Finger. Phillip Many Hides.
Melvin Rutherford. Edward v.
l.aI'lante. Parker Williamson and
Alden &. Bird. In addition James
Cornctt. Soil C0nservationist. Flu.
gene Snyder. Soil Scientist. and
Arthur Hawk. Soil Conservation.
list. all of the Blackfeet Agency.
participated in this training.
The first two hours of this
session were devoted to the OBJ.
servatiOn of films showing fire
control organization on brush
and timber fires. Two films were
shown and each was followed
by . chalk talk bringing out the
principal points demonstrated in
the films. Following the indoor
session. the group moved to .
point on the Lewis and Clark
National Forest. south of the
Theodore Roosevelt Monument
on Highway No. 2 where actual
crew organization and crew fire
line construction was demon.
stratcd and practiced.
This fire training Is the result
Of the desire Of the three serv.
ices to have trained. available
fire personnel and to utilize the
manpOwer and skills of the Black.
feet people. II Is also the result
Of the exceptional showing made
by Blackfeet fire crews on the
Helena. Lewis and Clark and
Flathcad National Forest over
the past four years. As time goes
on more and more fire control
men will become acquainted with
the work the Indians are able to
perform on fires and the demand
for their services should increase.
The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1958-07-17
California Fiinuncier Offers To
Develop Reservation Industry

Negotiations between the Backee Tribal Council
and Benjamin Swg San Francisco nancer and phnthrop
regarding possible whereby Swg will charge
Of RlaCkr"t tribal farrcachng effect
the health and education problems the BLACK
feet Indian
Swis substantial holder of real
vestmcnts met Friday and Monday with tribal officials begin
preininareS toward considerable
the economic life only the but
in the surrounding community as well
At Mondays meeting the governing body Of Blackfeet
approved principal that enter Benjamin
H. Swig which would provide the development
of the Backfee tribe which under
management of those existing contracts and
tribe subject rules and regulations of the Bureau
Affairs provided that agreement shall be effective until
proved by the of both parties by the tribal
council and signed by the officers
sdcraon Of tho of Swic he shall be paid
year for fivcycar period.