davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18

First National since 1852 and a
director since l942. He lives at
oxon Hill. Nd. and practices
law from ofiices at Upper Marl-
horo and in Washington's Colo
RADIO Building. He is a vice
president Of Rosecroft Raceway.
Gustav A. Buchheister, who
has been a director Of the bank
since 1916. succeeded Mr.. Fish,
or as vice president. He Is presi-
dent Of the Planters Tobacco
Warehouse at Upper Marlboro.
Lawrence H. Mattingly will
continue as executive vice presi-
dent In charge Of banking OPP
erations.
In relinquishing the presi-
dency, Mr.. Magruder said he
could recall procurement Of the
banks original State charter
IN 1897 an dts national bank
Smarter in 1900.
Just before the turn of the
century, he followed his father
and grandfather in entering
law practice at Upper Marlboro.
He still uses the same ofiices
they occupied.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
YOUR
MONEYS WORTH
30-Month Upswing Seen
" SYLVIA PORTER

Let's assume that the busi-
ness downturn Is bottoming
out now and the fall Of this
year viii mark the beginning
Of the climb out Of recession
and back toward the peaks OF
July. 1857.
How long can we expect To
stay on the upbeat before we
again run into trouble2
II the next swing upward
just matches the average
length Of expansions in our
country in the past 100 years,
it'll continue for around 80
months-two and one half
years.
This would mean q cycle Of
expansion lasting into 1861.
II this next swing upward
continues as long as 40 months,
it'll be the exception in our
history.
II it lasts less than a year
and a half, 1t too will be the
exception.
In his just-published. highly
important and scholarly study
Of the severity of business re-
cessionS. DR.. Godfrey H. Moore.
associate research director of
the National Bureau of Eco
nomic Research. calls the 1878
recession intermediate in Sc
verify" and comes to the
conclusion that it may be
some time In 1859 or even
early in 1860" before the July,
1857, lvel of general businss
activity is regained.
This Is the heart of this lat
est study by DR.. Moore-an in
lternationally recognized au-
thority on the business cycle.
But In the full report-which is
to be published in the June is
sue Of the Journal of the Amer
lean Statistical Association
DR.. Moore also includes q table
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
Bache0peninQ
Has Keynote
Optimism

Top ofhcials Of Bache a Co.,
the Nations second largest Sc
curities Arm. wre In town yes
terday for the opening OF 4
large new once and expressed
confidence In the economic and
investment outlook.
Harold L. Bache, whose great
uncle founded the firm 90 years
ago. commented that q period
Of some hesitation and irregu-
lartty continues In the mar
ket. but that the certainty
OF more imitation promises
higher prices over the long
term.
In view Of the infiatIonary
prospect. any American who
has faith In his country should
own some common stock. he
declared.
Harry Kahn. IT,, Washington
resident partner. assisted Mr..
Bache and other officials from
New York In showing visitors
through the firms new once In
the Solar Building. directly
across Sixteenth street from the
Hotel Statler. The Arm opened
Its first Washington ONCE just
Is years ago yesterday.
Mr.. Kahn said American
firms have an increasing stake
In world affairs because Of their
greater needs for foreign mate
rails and because Of the sub
stantial foreign markets for
finished goods.
Investment brokers must tell
customers Of this increasing
importance Of foreign affairs in
investments and show the
opportunities resulting for both
domestic and foreign COM
panies. he said.
Mr.. Bache pointed out that
Bache q Co. always has taken
an active interest In foreign
situations. It has had a Paris
ONCE since the beginning, and
has two London ofiices and q
large one In Geneva.
The Washington office ranks
about 18th in volume among
all Bache g. Co. ofiices. he said. !
The new ONCE in the Solar
Building was opened Monday.
1t has an diversified board and
tape so that customers can
read the prices easily. It was
busy yesterday as visitors
toured the new facilities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
FOREIGN EXCH'CE

NEW YORK. June Is dPI.-Foreisr
exchange rates Great Britain in dol.
lars, others in centsl:
Canadian dollar in New York oper
market 80 per cent premium OF
lO3:s7la .. 3. cents up Il Of cent
Europe:
Great Britain (poundl S2.s1, of Y
OF cent: Great Britain 30 day futures
so 9/32, on 7/32 Of q cent: Greal
Britain 90 day futures 2.79 1882, Cd
z Of q cent: Great Britain 90 day
futures 2.7s 1889, on l7/32 Of a cent;
BelEium ffranel 2.00ss. unchanged;
France (frane) 2aJs OF q cent, un-
ehanged: Germany (Westernl (deut-
sche mark 23.S7' unchsnSed: Holland
glider 26.4l, ND .0l Of cent; Italy
IRA lisa Of cent, unehanged;
Sweden (kronal 1894. unchanEed
Switzerland (frane) (free) 22.34, un-
CHANGED; Denmark (krone) 1880. un-
ehaneed.
Latin America:
Far East
Hong KONG dollar 1892, OF .Ol Of
q cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18

showing the length Of expan-
sion periods.
And in the conviction that
the worst Of the business slide
is behind US and. In the hope
that soon well be concentrate
ing on the strength and dura-
ton Of upturn rather than the
power and speed of downturn,
I've been studying the record.
Here are the highlights:
The average length Of "a
cycles Of expansion from 1854
through 1854 l00-year Pc
riod-has been 29.9 months
icall 1t 30 months.
Only five of the "a periods
Of expansion in this large slice
Of our history were as short as
10 months or less.
But also, only five Of the "a
periods Of expansion lasted as
long as 40 months. And as
Moore has emphasized, -four
of these expansions encom-
passed major wars" and one
the 80-month expansion from
June. 1898. to February. 1916
was the recovery from the
Great Depression"
1t was this record, inciden-
tally. which led DR.. Moore to
predict fatty at the end Of 1856
that IL the expansion then go
ing on lasted through all Of
1857 it would set a new pre-
cedent. It didn't last.
Now let's take this historical
record and try to apply 1t to
today.
Signs are multiplying that
the recession is losing power.
OF towering significance is the
way personal incomes are
holding up-for this is the
force behind our continued
spending, and II we keep buy
ing freely wen compel busi-
nessmen TO stop liquidating
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
COzzi Named Head
or Credit Group

Edward Cozzi of WOODWARD
q Lothrop has been elected
president Of the Retail Credit
Association. He succeeds Rob.
ert l.. Marion Of the Hecht Co
Other new officers: Steve
L. McWilliams, Frank r.
Jelleff. Inc. first vice presi-
dent; John j. German, Riggs
National, second vice presi-
dent: John X. Althaus, the
Credit Bureau. secretary; Miss
Willie Albaugh. Old Dominion
Bank. treasurer. Directors in
clude:
Donald Althaus. Central
Charge; Mrs. Margaret p. Boy-
kin. Hecht Co.; E. j. Graves.
Gulf Oil; E. A. Henkel, Raleigh
Haberdasher: Mr.. Frank w.
Miller. Julius Garfinckel A.
Co.; G. Edward Nagel, Lans-
burgh's; Mrs. Edna Rothe
Suburban Trust.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18

from the Federal Reserve Bank
OF Richmond disclosed. Invest
ments gained further in the
week and we're substantially
above a year ago.
Loan demand apparently
continues to lag and the addi-
tional funds from reduced re-
serve requirements are being
channeled into investments.
Net loans Of 10 reserve mem
Der banks here totaled $780,
$4,000 on June IL. q decline
OF $7.052.000 from q week
earlier and $l.42l 900 above the
like 1857 date.
Investments Of s5l0.4Ol 900
were UP $l.758.000 in the week
and were an impressive S29,-
O9l. 900 above a year earlier.
Commercial loans Of $685.
775.OOO were up $27l 900 in the
week and $5,2S7.000 ahead of
a year ago. Real estate loans
Of $l54.885, 900 we're 1895. 900
above a week earlier and So
53l. 900 above the like 1857
date. Brokers loans of $l6,-
100000 were down $7,50l 900
in the week and 1896, 900 be-
low a year earlier. Other loans
Of SAL. 0O3,O0O we're OF $l,l47,-
900 in the week and down So
10000 from q year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18

steers and hslfsrs fairy aetissi STEADY
|to % hiahsr; same steers 20 hishsr,
COWS aieaar q sifuns; bulls ltrons:
veAlsra Noekpfa ana issdsrn STEADY:
several Loads prime 100. 1900 u
and brine stern al dli1hIa sNek-
io1 bslk coca 1lstrs ss55.ao s0 ~ !
lev loada .ulllily and standard ~ bO-
stssi ,s.i Hs'f o ssI7 &. sse ~ hfii.s ~
hllh choice hflisFs "a no-1b'Bb: utility
ana standard q. 90 .b1i : lev stand
ssa ssf 81 s ss,,s 80, 90. CON- o.,
tsrt fa.3Q-tnlla: 4 fsu lllht cannsrs
down Y 1880 utility. and eenmerclal
s sSd IA sAeIss s ssassss %;
few elllla a. low a. 400. eood cod
liesk slesIs 1901 iced ed fhslss
!. Nv 1909 80 u ssssk sissS ssisvssi
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
CHICAGO
LIVESTOCK

CHICAGO. June ~ N (uaDAl.-
Hesn. 1906 fairls active and unsven.
aisady 10 atrong en- hnichers and
sowa; all interest In traas and earls
clearance; So 10000 10 butchers
s5.aS-1s.7S; several lota i-a 200-aas
lha ~. 1884 IS! and q lew ioit mostly
4 these ueighi1 ~ eH-el. 50, res head
81 ~, 80: 20 ef0-etO Iha ~. 5s-a:l. N:
Welghts over ESQ lbs scarce, 4 ANAL
soabis dsek I ee aso ~safis ~ e:
9Qlh: mlEsd Trade i00-45b is soes
le.1b-Ia.1Ai 9QO-3lk lbs 10 06-ai .sb:
Cattle 1900: calves 100; slaurh,sr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
Second National. A. s. 4 T.
Vote Regular Dividends

Directors Of Second National
Bank and American Security
q Trust Co. have declared reg
ular quarterly dividends.
President John A. Reilly OF
the former institution said q
quarterly Of 2 per cent or 81
a share will be paid June 80 to
holders Of record June 20.
President, Daniel w. Bell OF
the latter said a quarterly of
45 cents a share will be paid
July 10 to holders of record at
the close June 26.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
Upper Marlboro Bank
Names New President
BY DONALD b. HADLEY
star Financial Editor

Adrian Fisher has been elected president Of the First Ma
tona Bank OF Southern Maryland II announced last
night following board meeting at Upper Marlboro.
Magrude who has been president and board chair
nan OF the bank since 1888 and director since will step
out president but will remain chairman Of the board and
tlhe executive committee
Mr. Fisher the president been vice president of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18

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Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
Hecht Co. Chief Halls
Progress on New Store

Robert H. Levi, president of
the Hecht Co., yesterday ex-
pressed satisfaction with prog
ress in construction of the
company's large new store in
Prince Georges Plaza at new
East-West highway, Queens
Chapel and Colesville roads in
nearby Maryland.
Opening Of the 10000
square-foot retail establish
ment is scheduled for this fan.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
NBW Directors Declare
Semiannual Dividend

Directors Of the National
Bank Of Washington today de-
clared a semiannual dividend
OF go cents a share, President
Barnum L. Cotton reported.
The dividend will be paid
July ! to stockholders of record
June 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-06-18
Special Dividend Voted
BY Bank Of Commerce

Directors Of the Bank Of
Commerce have declared a spe-
cial dividend Of 81 a share in
addition to q regular quarter
ly dividend of $3.50 Q share,
President Thomas J. Groom
announced.
Both dividends will be paid
June 80 to stockholders of rec
ord June 20.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
100 Imported Crystal Stemware

"Mortho pattern for your own sparkling
tobIe or impressive gift giving 6oblets.
Sherbets, Wines, Cocktails : OF 9 OF.
: OF Footed Tumblers pilsners and Cordlos.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
Graham Warns
OF Worlds End

SAN FRANCISCO. May 10
,P.-Eyangelist Billy Graham,
starting the fourth week OF his
San Francisco crusade before
an overflow crowd Of nearly
10000 at the Cow Palace yes
terday. warned Of the end Of
the world, chided churches for
failing 10 give both warning
and hope and then offered
some hope Of his own.
The Bible says that when
the conditions that were pres
ent In Noah's time are present
again. God will come 10 Judge
the world. These conditions
are here now" Mr.. Graham
said, but We are living In the
days Of grace In which God
says you can be saved by hav-
ing faith in Christ"
Some GIL persons stepped
forward at Mr.. Graham's plea
that there was never a more
convenient time than now TO
make your decision for Christ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
c. of c. Hits Picketinq
For Recognition

In most cases, he said In pre-
pared testimony, the employer
is small and powerless TO with
stand the pressure tactics Of
the pieketing, The result, he
said. is that the employer has
the choice of selling out his
employees or going out OF busi-
ness.
He advocated an amendment
10 the Harley Act TO
make II unlawful TO picket for
recognition unless the union
picketing in fact represents a
majority Of the employees in
volved."
Mr.. Treacy also urged en-
aetment OF legislation to elm
mate what he described as a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
Red Chino Recognition
Talks Urged by ADA

/. An immediate halt In
United States nuclear weapons
tests.
2. Assumption by the United
Nations OF jurisdiction over
space and supervision over
space exploration for peaceful
purposes.
3. Vigorous action by Presi-
dent Eisenhower and Congress
70 end racial segregation.
T.. Anti-recesSion action in
Guiding substantial tax cuts.
extension OF unemployment
compensation benefits, ana
public works that can be put
into effect quickly.
Robert r. Nathan. Washing
ton economic consultant. was
reelected as the ADA national
chairman.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
Compliant Dismissed
Against Mallory Kin

A complaint charging James
Edward Mallory with rape was
dismissed by Municipal Judge
John Lewis Smith today on
motion of the Government.
Mallory, IS. of the 1900 block
of Twelfth street NV. was
charged yesterday on the COM
plant of a 16-year-old girl,
who alleged she was attacked
IN a car in the 1900 block OF
Lyman place NE. Today the
prosecutor indicated he did not
have evidence to substantiate
the charge
Mallory is half-nephew of
Andrew r. Mallory, who es-
capped the electric chair for rap
ing a 28-year-old woman when
The Supreme Court ruled out
his confession because too much
time had elapsed between his
arrest and arraignment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
Adjournment
Seen Aug. 10

Repub lican Confessional
leaders forecast rather hope
fully today that Congress will
be able to adjourn by August
10.
Senate Republican Leader
Knowland said his present
guess is an August 10 adjourn
ment. House COP. Leader
Martin said with a laugh: I'D
settle for that right now"
Senator Knowland and Mr.
Martin discussed adjournment
prospects after talking over
problems facing administration
recommendations in Congress
with President Eisenhower at
the White House this morning.
Senator Knowland said the
President hopes the Senate will
restore nearly $500 million cut
from the foreign aid authorize
ton bill in the House last week
TO bring it up to the full amount
he recommended.
The Senator noted that
troubles in Lebanon, Algeria
and other parts of the world
point up the Importance of
maintaining allies through
the mutual security program.
On the domestic front, Sen
Ator Knowland said the Presi-
dent hopes the Senate can pass
auickly the bill approved by
the House last week to extend
unemployment compensation
payments for extra weeks. He
said Senate approval Of the
House bill would avoid delay
in compromising differences in
D Senate House conference
that would be necessary if the
Senate made changes in it.
Asked about the objection of
some Governors that special
sessions Of the State Legis-
lature5 would be necessary to
operate undcr the House
passed measure. the Senator
countered: Whats wrong
with that?"
While the unemployment
compensation bill originally
recommended by the President
would not have required sc-
lion by any State Legislatures,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
~ the Associated Pres,

After a hot fight, the Ameri-
cans for Democratic Action
have gone on record In favor
OF negotiations pointed toward
United States recognition Of
Red China.
The battle over the recogni-
tion issue highlighted the final
session yesterday OF the organi-
zation's three-day annual con-
vention.
The action came as some
thing Of a surprise in the light
Of ADA'S rejection Saturday OF
q proposal calling for admis-
sion OF Communist China TO
the United Nations.
As first presented. the reSo-
luton urged immediate diplo-
matte recognition OF the Pei
ping regime. But strong OBJ
jections we're voiced by some
ADA leaders and the resolution
was watered down 10 call for
immediate talks looking toward
recognition. The modified pro-
posal was adopted by an esti-
mated margin Of nearly 2-l.
The resolution said recogni-
ton would be taken mot as a
gesture of moral approval
which the Chinese Communists
obviously do not merit-but as
a means of establishing the
normal channels OF interna-
tional communication between
the two nations"
It said the United States
might recognize Communist
China while continuing recog-
milton Of and commitments to
the Nationalist Chinese govern
ment on Formosa.
In other resolutions, the ADA
urged:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19

no-mans land existing in the
field OF labor-management re-
lations because OF a 1857 de-
ciSion OF the United State SUI
preme Court. Under this ruiz
ing. State courts are prevented
from arbitrsting labor disputes,
even when the National Labor
Relations Board refuses TO take
Jurisdiction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
~ the Associated Press

A spokesman for the Illinois
State Chamber OF Commerce
said today quick action is
needed by Congress TO prohibit
picketlng by unions seeking en-
ployer recognition.
william p. Treacy, a Chicago
lawyer. told the Senate Labor
Subcommittee that recognition
picketinR is utterly indefen-
sible and morally wrong" The
subcommittee is considering
various proposals for general
labor legislation.
Mr.. Treacy said recognition
picketing is a device used by
some labor unions to compel
management to force employees
10 Join a union.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
Fumed Hotel Burns,
3 in Family Perish

CLINTON, British Columbia,
May 10. A1,-Three members
OF one family died yesterday
IN a fire which destroyed the
old Clinton Hotel. a landmark
In British Columbia's cariboo
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19

district, A fourth guest az
the hotel is missing,
The dead we're identified as
MIR, and Mrs, Marvin Nicholson
Of Kelowwa, b, c., and their
3-year-old daughter. Missing
is a trapper identified only as
Nordeen,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19

SIGHTSEEING is fun any way
you look at it 1t becomes fascinating
fun when you set closeup views Of the
beautiful city Of Washington. Shenan.
doah National Park, Arlington, Mount
Vernon, AnnapohS-placeS you've al.
ways wanted to see. DC Tora takes
sou TO all Of them offers YOU the
most varied and complete sightseeing
tours Of Washington. Maryland. Viz.
Fsinia. Each tour is accompanied by
an expert driyer-guide. For informa.
zion and reservations. phone Federal
$500. Or visit the DC. TRANSIT Ter.
minal at ll2S Pennsylvania Ave, NV
Come see Joy yoMseW
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-05-19
1893 "Moss Rose" Earthenware Dinner Set


A just-n-tme OTTER for Bridal gifts
or for your own summer use. Open
stock Universal Moss Rose" pot
tern in the new coupe shope has
ivory body with pink and green
forol design.
Evening star., 1958-09-21
The Navy
Eye In
The Sky

This fall a balloon will carry .
telescope IS miles up 20
give man his first good look
at the mystery planet. Mars
Evening star., 1958-09-21
ny ARTHUR C. CLARKE


Now, at last, we may get a really good look at
the one planet on which astronomers have observed
what many consider evidence Of lifel We're about
to break the vision barrier which has for so long
kept us from penetrating the mysteries Of Mars.
Almost century ago the Italian astronomer
Schiapareli first reported the existence Of a net
work Of canals" on Mars. Astronomers have been
arguing friously since this theory was announced,
but the existence Of canals" has never been salts
factorily confirmed or denied.
Until the dawn Of the space age there seemed no
hope that the controversy could ever be resolved.
Now, quite Unexpectedly, there is hope that some
of the mysteries surrounding little red neighbor
may very soon be stripped away = years before
men or even instrument-ca carrying rockets can make
the journey to Mars. We may also find the expana-
ton of the marking and color changes which have
sometimes been interpreted as signs of life.
On. November 8, 1888, Mars will be "only''
100000 miles from - Continued on page IS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-15
Wife Of Colonel
II axes Own Life

Mrs. H. w. Cornell, 20, the
wife Of 1t. Col. Cornell, USA,
was found dead Monday with
. pistol wound In her temple
Her husband discovered the
body about $50 pm. In their
apartment at 1901 South
Washington street. Alexandria.
The. death was ruled q suicide.
Mrs. Cornell, the former
Elizabeth Anne Murphy. was q
native Of Massachusetts,. She
and her husband had lived In
the Washington area for the
last 10 years. Col. Cornell Is
attached to the ONCE Of the
Assistant Secretary Of the
Army for Manpower and Per-
sonnet.
Survivors. in addition TO Col.
Cornell, include her stepmother.
Mrs. H. N. Doughty Of Edge
wood, r. l.: a sister, Mrs. Helen
Highling Of North Attleboro.
Mass. and q brother, Francis
Murphy Of San Francisco.
. Services will be at >2:i5 pm.
tomorrow from the Cunning
ham funeral home, Cameron
and North Alfred streets. Alex
andria. with burial In Arlington
Cemetery.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-01-15

It's big suite finely crofted and smoy finished silver grey
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