davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02
MANKIN. VIRGINIA TURNER.

dHS Si1ss ru HsGEfsR0Ss ANKI isO 81 Sos S
10th st. NV. beloved wife Of the
late DR.. J Ward Mankin, mother OF
DR.. @. Haven Mankin, sister Of Mrs.
Asn ne TS5eS Of II s ssS D.l Ind R
Mrs. James E. King Of Richmond,
Va; Prof. william w. Turner Of
South Bend. Ind; grandmother Of
Dr. Haven ", Mankin, Oklahoma
City, and DR., Harold T. ,Mankin Of
yived by eight great-grandchildre
Services at the 8. H. Hines Co. Flu
neral Home, 2901 14th st.. NV. on
Thursday, September 4. at 3 pm.
lparking facilities) 1nterment Cedar
be made to the American Cancer
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

PATTERSON, DAVID w. OF Washing
ton. d; C.. on August 81. 1858. son
son, brother OF Thomas, IT., and
Steven C. Patterson. grandson Of
Mr.. and Mrs. David c. Wolfe Serv-
ices at the Chambers Funeral Home,
5l7 18th st. Sc, on Wednesday.
September 3. ct IL am. Interment
Cedar Hill Cernetery
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

Miller, THOMAS. Members Of the
m InteTdenominational Ushersi
Union, are hereby notified
Of the death Of our beloved
honorary member. THOMAS
- MILLER. Funeral services
Sfls,,.efTz Wednesday, September g.
>AsuAhs 1858, at the Mount Olive
Baptist Church, 1888 9Th ST. ne,
at 1 80 pm.
IRENE sTANCILa
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02
MeCADDEN. BARTHOLOMEW NJ. OF

1884 c st. Sc. on August 81. i95s.
husband of Ruth ]. McCadden.
Prayers at the Chambers Funeral
Home, SIT 11th st. Sc, on Thurs
day, September 4. at $50 am.
18th and E Capitol SITS, at 3 am.
Interment Arlington National Gene
terry 3
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02
PHMLIPs, LULU CREIGHTON.

CREIGHTON eas'i PHILIPS q so5 G sii.
yer Spring ave, Silver Spring, Nd,
and Miss Miriam L. Phillips. Mrs.
Phillips rests at the Warner Z.
Humphrey Funeral Home. S434 Geor-
gia ave-, Silver Spring, Nd, where
services will be held on Wednesday.
cilities). Interment Glenwood Gene
|. terry. Friends may visit with the
family at the funeral home on Tues
day between the hours OF 7:3O pm
and 3 pm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

WILLlAMS1 ALkXANDBK 8, SH. On
Friday, August 90, 1858, ALEX
AMBER 8. WILLIAMS, SR.. Of 2OO9
Belmont I'd. NV, believer husband OF
ander 8. Williams, jr., and DOUGLAS
Williams. He also Is survived by five
grandchildren, three sisters, other
relatives and many friends After
pm. Tuesday. September 2, friends
are invited to call at the Jarvis
chapel, 1882 You st. NV. Funeral
services at 900 am. on wednesday,
september 3, at First Baptist Church
west washington Interment Airing
ton National Cemetery a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

CAkkOLL, kEGINALD1 On Monday,
September 1; 1928, at FTsedmen,ss
$40 21st ST. ne. beloved brother
Of Bessie Carroll. Notice Of funeral
later Arrangements by Dovie @.
Brooks and Otis r Allen.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02
MILLER, THOMAS G. on sunday. !

gust 81. 1858. THOMAS "a S {. MILLER 4S
Of 936 Shepherd St. NV, beloved
Cora Jefferson, Mrs. Theima roster,
Russell l.. Arthur c., Thomas Z. and
James H Miller; brother Of Mrs.
Annie Franklin. Mrs Jeanette White
and James Miller. He also is sur
vived by seven grandchildren. three
great-grandchildren other relatives
and many friends. After 5 pm. Tues
day. September 2. friends are invited
to call at the Jarvis Chapel, 1892
You st. NV Funeral service 1880
pm. Wednesday. September 3, ct the
Mount Olive Baptist Church, 1888
9Th Sc ne. Interment Lincoln Me-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02
cARRIco. VIRGINIA 9. on Mondsy

September /, 1883, at George Wash.
ington Hospital, VIRGINIA q. CAR.
RICO. the beloved wife Of the late
j. Andrew Carrieo: mother OF J
Andrew Carrico, IT.: Howell A. Car.
rico, Robert Moss carrico. Naomi v
Carrico and Cathreen Samsel. She
dren and thirteen great Srandchil-
dren. Funeral from the Simmons
Bros. Funeral Home, 1861 Good Hope
I'd. s.e., on Wednesday, September 3
at $3.50 am, thence to St. Francis
Xavier Catholic Church. where mass
will be offered at 8 am. for the re-
pose Of her soul. Interment Fort
Lincoln Cemetery. Remains may be
viewed after 10 am Tuesday. Sep
TENDER 2. Baltimore, Nd, papers
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

FOULS, JOHN C. The members of So.
q iourners Lodge, No. 81,
IN r. A. A. M, are hereby
IN notified Of the death Of our
W NO late brother, JOHN C.
WX FOULS. on August 80
W. 1858. and are requested tc
attend the religious services
at the Humphrey Funeral Home, Be-
thesda. Nd, at 1890 am. Wednes-
day, September 3
PAUL E. SHAFFER, W. M.
CHARLES L. BRUBAKER. Secy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

sERRsTrHsk ALLEN LOGAN SSsfOI iorm sSi
Of washington. d. c., widow Of the
late Capt. George Wood Logan, USN:
daughter OF the late Former Assist
ant Secretary OF the Navy Charles
aunt Of Capt. Allen Hobbs. USN ire
tired) Graveside services 1880 am
Wednesday, September 3, at the
Arlington National Cemetery,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

Day. August 81. 1858, at Georgl
OLIVE MYRTLE TURNER Of 81.
Colesvills Nrd.. Silver Spring, Md
wife Of Shellie E. Turner, mother O
Mrs John r. Thompson and Mrs
Catherine o. Phillips. sister Of Mrs
William F. Watson and Charles w
and Thomas p. Moulden. She ais,
Is survived by six grandchildren
Mrs. Turner rests at the Warner Z
Humphrey Funeral Home, S434 Geor
gia ave-, Silver Spring, Md, wher,
services will be held on Thursday
facilitiesD Interment Epiphany Epls
copal Church Cemetery. Forestville
Nd
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

ROACH, MARY A. On sunday, August
81, 1858, at WASHINGTON Hospital
Center. MARY a. ROACH, beloved
and mother Of Mrs. Carrie epieer
Alva NJ. Kenneth. L. and Andrew
=: Roach. Also survived by six grand
children. Friends may call ct the
Ritchfe Bros. Funeral Home. Upper
Marlboro, Nd, where services viii be
held on Wednesday, September 3. at
IL am. Interment in Henderson
Chapel Cemetery, Hyacinth, Va. 2
ROssIGNOL, LOUISE B. on Sunday,
August 81, 1858, at her residence,
2475 Virginia ave. NV, LOUISE b
RoSSIGNOL, sister Of Mrs. Augusta
M. Binnix OF Washington, d. c.,
and Mrs. ceeile R. Jones OF Be
thesda. Md. Services at the s. H
Hines Co. Funeral Home, 2901 i4th
st. NV. on Thursday, September 4,
at am. parking facilities), In
terment Arlington National Gene
terry. 3
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

on Friday, August 80, 1865, at Dis
IT ERT o Smith H Os ass6 Eads & ME-
husband Of Dorthea Harris Smith
father Of James Wilbert Smith, jr.,
son Of Preston z. Smith. brother OF
Elizabeth s. Foster, Eunice M. Digs
and June 7 Gardner; stepson Of
vived BY other relatives and many
friends. After 4 pm. wednesday,
September 8, friends may call al
the Henry s. Washington g. Son Fu-
neral Home, 1925 Deane ave. ne,
Funeral services ] pm. Thursday,
September 4, at First Seventh Day
Adventist Church. Sth and Shepherd
SITS NV, Elder Paul E. Cantrell
ofIiciating. Interment Lincoln Me-
mortal Cemetery 3
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

August n, 1858, at 40O3 N. 5th I'd,
Arlington, Va, WILLIAM GRANGER
of Harry Granger; one nephew. six
nteces and a host Of other relatives
and friends also survive. Remains
resting at Chinn Funeral Home, 2605
Shirlington rd., Arlington, Va Fu-
neral service 2 pm; Sept. 3 At
Mount Zion Baptist Church at 10th
and s. Glebe I'd. Rev o. G.. Smith
ofiieiatine. Interment Odd Fellows
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

roe st. NV, on August 81. 1855.
Husband Of Laura H. Smith, father
Of Gneta H. Smith and Mrs. Natalie
Melchior and brother of Everett z.
and Russell w. Smith. Remains 1T
Chambers Funeral Home. 400
Chaplin ST. NV, until 10 pm. Tues
day. September 2. Services and in
terment Charlottesville. Va.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

NAE I. MCGEE. President.
WOODLAND, MADGE. on Friday. Au-
gust 20. 1858, ct her residence, 1929
he,ars ~ IN. M " Wn, MVxDd dtas
devoted sister of Mrs Elberta Ford
and John s. Woodland; mother-in
law Of Mrs. Mirma ]. Woodland
She also is survived BY two grand
children and q host of other rela-
woodland NAV be viewed At he
Stewart Funeral Home. 80 h st ne.
after B pm Tuesday. September Q
Funeral on Wednesday. September 3.
at Ebenezer Methodist Church. 4th
and d SITS. Sc. at l pm. Intermsnt
Harmony Cemetery. 3
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-09-02

day. August 20, 1865. Mary
BLANCHE TURNER Of 1902 Ver-
mont ave. Nv. Apt 81, beloved wife
Of Gordon s. Turner, devoted sister
o. Louise White. Annie Palmer, Rosa
Lindsay Many bther relatives and
friends also survive After 3 nm,
Tuesday September 2, friends may
can at the Frazier Funeral Home,
3S9 Rhode Island ave. NV, where
services will be held at $50 am.
Wednesday. September 3 Tuterment
Arii-~'--7 Natinnal Cemetery. 2
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16
BALTIMORE
MARKETS

Quotations supplied by the United
states Agriculture Department.
Llvestoek Markets
Cattle 500 and calves $50 Run com.
priseq OF approximately 30 per cent
slauGhter steers including limited eur
ply slaughter .heifers. balance mostly
cows and bulls. stoeker and feeder
.laaSes scarce strong. fed steers and
heller trade active. fully $3.50 cents
htghsr, instances. | 90 W: eovs mostly
steady N slow trade. Instances weak
20 - cents lower on Gamers and
cutters, bulls SLOW. l00-6O lower
vealers and calves steady bulk Of
sood and ehoiee.fed steers mostly
under l.l50 pounds. "a uO-2u 90, few
s 49, Sto pounds az "a 3. 80; standard and
choice heiiers under 1000 pounds.
81 0Q-ef 90. few lots 70 $3.50 few
standard and good. 20 0O-cJ 90. cutter
70 commercial cows. 1900 80 90. few
individual commercial 70 COCO. can
aers and cutters, 1901 5 so with q
few cutter 10 1900. lirht shelly cam
nsrs dovn to 10 90; bulk q Utility and
and choice vealers. 30 0O-3B 90. stand
src and GOOD. 90 00-3a 90. mostly
% 90 and up; few ood-Frade slaughter
calves. 20 OO-93 90: lots "a .l03
pound mostly good stock and feeder
steers. 20 s5-24 Is
Hoss. 400; barrows and Sits active.
strong 70 % cents higher: sows. fully
steady. small supply consisting mainly
pound butchers: sows scarce. u q. ia
ls0-:30 pound butchers largely 2O.15.
2l,eb. small lot near 235 pounds.
2O.5O. few mixed Grade. 3OO-4OO
pound sows, 1B.OO-75.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16
Stock Increase Voted
BY Tokomo Park Bank

Stockholders Of the Citizens
Bank Of Takoma Park. Nd.
have approved q proposed in
crease In capital stock TO pave
the way for q stock dividend,
q 2-for-i split and sale Of adj
ditional shares to present hold
ers. President H. J. Carr an.
nounced today.
The proposal was authorized
at the annual meeting Tuesday.
subject to final clearance by
regulatory authorities. Mr.. Carr
reported the bank set new rec
ords in 1857 and also announced
the election Of two new direct
ors. Martin Schwartz. Langley
Park businessman. and Doren
Platt. prominent builder.
Under the character amend
ment approved by stockholders,
the banks capital stock viii be
increased 70 $4,000 shares at
$40 par stock from the present
1000 shares Of $40 par.
A stock dividend Of $500
shares Of $40 par win be dis
tributed and then the stock
win be split 2 for l and the
par value reduced to $40 par
from $40.
$50 Price Is Expected
Stockholders then viii re-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16
YOUR
MONEYS WORTH
Pump Printing Is Back
pY SYLVIA PORTER

For the first time since the
days OF Franklin d. Roosevelt
before World War II, the coun-
try Is clearly and deliberately
entering an era Of pump prim-
ing.
President Eisenhower doesn't
use that phrase.
Instead, he says, THE Fed
eral Government. constantly
alert 10 signs Of weakening in
any part Of our economy, al
ways stands ready. with its full
power. to take any appropriate
further action TO promote re-
newed business expansion"
Leading lawmakers don't use
1t either.
Instead. they inform US that
they'll vote many more bill
lions for defense and they'll
not reduce domestic programs
10 Offset the increased military
OUTLAWS. Cut-backs, as Chair
man Patman. Of the Joint
Economic Committee. puts it,
don't stand q Chinaman's
chance"
But I'll use the phrase freely
because 1t is so familiar to
those Of us who remember the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16
Kefauver Reports Gains
At Columbia Federal

Columbia Federal Savings
and Loan Association made
notable gains in 1857 and assets
reached q new peak Of S4s.-
438.0S5 at the years end. a
jump of 2s.6 per cent from a
year earlier. President Clarence
E. Kefauver reported at the
annual shareholders meeting
yesterday.
Invested savings amounted
TO $4l.0i5.l59. an increase of
27.7 per cent. and first trust
loans tctaled S3s.i46.s99. an
increase Of 3lA per cent. Re-
serves and surplus amounted
TO S2.83o.747. a gain Of 22.9
per cent. Two new branch Of
fees were opened in the year.
c. Gay Harrell. George c.
VENTED and Mr.. Kefauver were
reelected directors for three
year terms. Other board mem
bers are: Joseph p. Burke. jr..
Albert o. Denham. w. Owen
Hohenstein. Eugene H. Phifer.
William Z. PaultOn. Leonard
P, Stewart. Howard E. Thomp-
son and James c. wilkes.
All officers were reelected
and Dallas S. Maxwell was
promoted from accountant to
auditor.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16
Drug Fuir Votes
Gosh Dividend and
Promotes Three

Directors OF Drug Fair have
promoted three members Of the
executive stan and declared 8
dividend Of e3t cents q share
President Milton Elsberg an
nounced yesterday.
The promotions include: Syl-
van Gerber TO vice president:
Myron d. Gerber to secretary,
and Elmer c. Hillman. jr.. "a
administrative assistant TO the
president and assistant treas
urer.
The new vice president for
merry was secretary and has
been with the company since
1899. He is a graduate Of
George Washington University.
He will continue In charge Of
designing and planning opera
tons Of the retail drug chain.
Myron Gerber attended the
Navy Academy at Annapolis
and was graduated from the
pharmacy school at the Uni
versity Of Florida. He started
with the chain In 1910.
Mr.. Hillman attended the
Philadelphia College Of Phar-
macy as q Breyer scholarship
student and was graduated In
1888. He has been with Drug
Fair seven years. Previously he
was with Whelan Cigar a.
Drug Co.
The dividend viii be paid to
stockholders Of record as Of
January Is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16
many others indirectly, too.

many others indirectly, too.
The pay Of many Govern.
ment workers viii be raised.
This extra money won't be
saved by most who get IL; the
cash will be spent quickly.
The Social Security and Un-
employment funds win be pay
ing out hundreds Of millions
more than they collect I'm taxes
and interest on investments.
Just about every penny going
to our oldsters and jpbless viii
be used to buy food, clothing,
shelter, ETC.. Immediately.
The highway fund viii be
spending more than 1t collects.
too. Again. the pump printing
impact will be direct and Inn
mediate.
The influence Of an this
won't show up in the next
couple Of months. We're moving
into the tax payment period.
But by midsummer the picture
viii have shifted. and dras-
tically.
The printing Of the pump Of
the American economy will be
on in earnest in the later
months of 1858.
distributed 1858 BY
Inc Hall Syndicate. Inc.
All Rights Reserved.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16

Hotel. ms is the ASSOCIATION ;
highest award.
Mr.. Holleman was honored
for accomplishment and sus-
tanned activity In the interest
Of the institution Of life in
surance. as viewed in retrospect
and in conformation with the
highest standards Of profess
sional conduct" Presiden I
Vernon r. Zimmerman presided
ct the luncheon.
Charles F. Suter Of the Mas
sachuSetts Indemnity q Life
Insurance Co.. chairman Of the
Selection Committee. cited Mr..
Holleman's many years Of work
''as an association wheelhorse.
his national prominence In the
field Of life insurance manage
ment." He paid tribute TO his
personal high standards Of pro-
fessional conduct which have
earned him the respect and ad-
miration Of all who knew him.
both in the life insurance in
dustry and in the larger busi-
ness community of Washing
ton"
Company Among Leaders
Mr.. Holleman. a former pres
ident of the association. is a
native Of Mississippi. Ofiicials
recalled he manages an agency
which has always been among
his company leaders. ranking
second nationally last year. Mr..
Holleman has been active for
many years in the affairs Of the
association. serving on many Of
its committees. He Is now serv-
ing for the second time as pres
ident Of the District Of Column
bia Life Insurance General
Agents and Managers Associa-
ton.
The Selection Committee, in
addition to Mr.. Suter, included
George A. Hates. Frank S.
Resi-. Howard J. Riordan. VIII
liam B. RUMBLE and Mr.. Zim-
norman. Mr.. Suter made the
presentation.
The winner received q cita-
ton and possession for q year
Of q large silver trophy. This
was donated by Morton H. VIII
ner. Washington attorney, in
memory Of his brother, Bernard
l. Wilmer. a former member of
the District Of Columbia Life
Underwriters Association, who
died while serving In the Army
In World War II.
Other recipients Of the Will
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16
White Motor Distributorshlp
Acquired by Chalk Interests

o. Roy Chalk. president OF
d. c. Transit System. Inc. to-
day announced acquisition OF
the White Motor Co. Of cleve-
land. Ohio. by one Of his sub
salaries.
Mr.. Chalk is also president
OF Trans Caribbean Always.
Inc. whose wholly owned sub
sidiary. transportation Corp.
of America. has acquired the
Washington distributorship.
He said the Transportation
Corp. Of America has acquired
"all Of the assets. inventory and
other property owned by the
White Motor Co. In the WASH
ington. d. c. area and viii ac-
lively engage In sales and serv-
ice" He said current business
done by the White Motor Co. in
this area Is about 81 million an
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16
Consumer Loan
Study Urged on
Young Bankers

A much closer study of con-
sumner lending is q major need
In commercial banks and here
lies an unusual opportunity for
bank employees willing to train
themselves along these. lines.
declared Ralph H. Pitman.
senior vice president Of the
Central-Penn National Bank Of
Philadelphia. here last night.
Addressing Washington Chap
ter. American Institute Of
Banking. at Kenwood Country
Club. Mr.. Pitman said con-
sumner loans have proven to be
q sound and profitable major
activity Of banks but traps and
pitfalls await the banker who
tries TO conduct this type OF
operation without proper train
ing and experience.
Pointing out that little train
ing is offered In consumer
banking. Mr.. Pitman said the
Alb should give more atten-
ton 70 this problem.
Competition for consumer
loans Is lively and bankers must
know about both credits and
costs. acceptance Of more mar
ginal and substandard risks can
acquire some Of a competitors
business. but more often some
OF his losses. he said.
I'VE must know our operating
costs and we must not buy
paper or lend money at a rate
which is not profitable. This Is
a retail and not a wholesale
business No genius can make
one thousand 500 loans as
economically as one 100000
loan. Know your costs and
don't break your rates below
those COSTS" Mr.. Pitman said.
William c. Vowel. jr.. Of the
National Bank Of Washington
and second vice president of
the chapter presided. Louis
Rowe Of Anacostia National.
first vice president. explained
the educational program. Al
though this was not the regu-
lar spring graduation event
pre-standard course certificates
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16
FOREIGN EXCH'CE

NEW YORK. Jan. Is uP.-Fureigu
exehanse rates. Great Britain In doll
lars. others In cents (unchanaed ur.
less otherwise noted:
Canadian dollar In New York open
market / 81 ~ per cent premium or
l0l $50 U. s cents. up if3s.
Europe Great Britain tpoundt,
Szsl 7i3e. OF \; 30-day futures.
80 % Use. on Il3s. n0.day futures.
s.1y. OF f3s; Belgium lfranei. 2 90:
France frame. a31s OF q cent: Ger
many lWestern) fDeutsche mark
- so; Holland tguilderl. a6 3aiS. IN
;o0,s: italy uira). .l6is Of q cent:
tkronal. 1884 Switzerland (francl
Nreel, y -; Denmark tkrone). 1850.
Latin America Argentina ffreel.
2.70; Brazil tfreeD. ] 10; Mexico, sol:
Venezuela tbolivaTl, 3O.OJ.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16

ceive rights TO subscribe for
1000 new shares Of $40 par
stock at the rate OF one new
share for each $50 shares OF
$40 par value. The price viii
be determined later, but Is
expected to be around $50 Q
share.
The stock dividend viii be
distributed to holders Of rec
ord as Of January IL on the
basis Of one share for each
two now held. The stock split
and stock Offering are sched-
uled for January 81 or as soon
as possible thereafter.
Assets set a new record Of
$li.485. 900 on December 81, q
gain Of 81 per cent from SlO,-
10000 at the end Of 1856. Mr..
Carr reported. Deposits also
were at q new peak Of $i0.o80
900. up 5 per cent from &c.
337. 900.
Gross income set a record OF
$566.500 in 1857. an increase Of
$97.500 from the previous
years figure Of $469. 900. Oper-
ating expenses rose to SAC, 600,
UP $4,000 from 1895 600.
Net income from operations
before deductions for deprecia-
ton. losses. reserves for interest
and income taxes. was $780,
800 or Sl4.03 a share. compared
with $73.s67 or ss.20 a share
in 1856.
Net Profits Climb
Net profits after deductions
were s42.733 or s4.75 a share.
compared with $25.a53 or S2.87
share in the previous year.
The bank paid an extra div
idend Of so cents a share on
December 81. raising the 1857
total OF 81 so q share. compared
with So a share in 1856.
Mr.. Schartz, new member Of
the board. is president Of Fair
land Development Corp, which
Is building homes on Briggs
CLANCY road in Prince Georges
County. He also owns Langley
Liquors. Inc. and is past pres
ident OF the Langley Park Bust
nessmen's Association.
Mr.. Plat is president Of
Davis g. Plat. Inc. general
contractors Of Takoma Park.
who specialize in industrial
plants and warehouse construc-
ton.
Reelected directors were: ;
Mr.. Carr. J. w. Campbell, v.
L. Gingerich. H. A. Morrison,
Robert E. Lohr. c. p. Greece, o.
w. Youngblood. J. d. Bradshaw
and r. A. Young.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-16

New Deal OF the '30s and It ex-
plains so succinctly what we're
going into for an indefinite
period.
Cash TO Be Spent
The pump printing means
that the Government will be
spending billions more in actual
cash than 1t will be collecting
In taxes-and that the cash
viii flow out into all parts OF
the economy. help stimulate
business activity. support jobs
and create payrolls.
1t means that Congress Is
not only going to authorize
much bigger spending by the
Federal Government; 1t means
that the money also is TO be
actually spent by the Govern
ment and huge chunks Of the
cash viii move directly to in
dividuals who in turn viii
spend 1t quickly.
Federal budgets have been
splashed with red ink through
most Of the years since the
sos. But through a number Of
those years. there were con-
trolls designed TO moderate the
impact Of the budget deficits.
Now. the emphasis is quite diff
ferent.
Whether it's admitted or not,
the budgets Of this new cycle
win be designed to prime the
pump.
Changes Predicted
Here Is the way it will shape
up:
Military spending will 90 way
up and the increased purchases
by the Defense Department
will benefit all the industries
connected with the de-
Tense effort-and they'll help