davidaulloa/AmericanStories huggingface dataset:
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1959-10-31

Enels. use mail; s7e mail TO Embassy, W.. DC,
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1959-10-31
THANKS TO STATIONS INV

DETROIT TRIBUNE, SATURDAY. OCT 81, 1859
Evening star., 1959-09-30
YOUR
MONEYS WORTH
British Exhibition Coming

Edwards. "What Is the British
attitude toward the problem
and sentiment9"
His analysis Is revealing.
First. judging from Mr.. Ed
wards view, there no longer Is
any support among British in
dustry for barriers against our
goods. In the postwar era. Brit
ain created trade walls and
quotas to keep out our imports
and thus preserve her precious
reserves and while she has been
gradually removing the bar
riers. some quotas Ton cars and
fruits. for instance) remain.
These should co." said Mr..
Edwards. There Is no excuse
for discrimination against
American goods. now"
Second. Mr.. Edwards en-
phasized the strong British
conviction that the long-term
answer for all Of US must lie
In an overall expansion Of
world trade. "As America
grows, there will be room for
US to sell more to you," he said
repeatedly. "and as we and the
world grow, there viii be plen-
ty Of room for you to expand
your sales Of goods to U.S."
Third. Mr.. Edwards PIN
Evening star., 1959-09-30
District Associations
Widen SAVINGS Gain

District savings and loan as
sociations received SO per cent
more savings in August than in
the same month last year. re-
ported the Federal Home Loan
Bank Of Greensboro.
New savings received by "a
District associations amounted
to $27. $40, 900, while Withdraw
ais amounted to $18,986, 900,
leaving O net addition Of $8,-
$40, 900. The net increase was
So per cent greater than q net
gain Of $5.59e.000 in August
last year.
In eight months this year the
associations have added $751;
099, 900 to their books, "a per
cent more than o total Of
$50. $4,000 in the same 1858
period.
The associations closed ST.
991 900 of mortgage loans in
August, increasing their total
for eight months to $202, ,262.-
900. A year earlier the August
total was $23, 3,106. 900 and the
eight months volume was
$144,O7l 900.
Evening star., 1959-09-30
Price Cuts Can Spur
Growth, Saulnier Says

Where increases in produc-
tivity take place, price cuts
should be made to promote
economic growth without in
fiation, declared Raymond J.
Saulnier, chairman Of the
Presidents Council Of Economic
Advisers, here last night.
Speaking before District
Chapter, American Society Of
Chartered Life Underwriters, at
Columbia Country Club. Mr..
Saulnier said he liked to think
that price reductions will be-
come more common in the
years ahead.
II the Nation is to realize
Its potential economic growth
in the next 10 years without
imitation, price cuts must be
achieved in some way, he en-
phasized.
Pointing to declines in agri-
cultural prices, Mr.. Saulnier
said the burden Of price cuts
should not fall completely on
producers Of agricultural and
mineral products.
"Our processing and manu-
featuring industries are often
the ones that experience the
better than average productive
ity gains, and it Is to those
industries which in the next
10 years we will have to look
increasingly for price reduc-
tion," he said.
Evening star., 1959-09-30
PrivateCapitdl
Grows bo|der
Ay the Assoelated Press

Private capital is beginning
to lose its fear Of investment
in the underdeveloped nations
Of the free world. the Interna-
tional Finance Corp. said today.
The corporation, q 57-nation
subsidiary Of the world bank,
reported to the annual meeting
Of the bank and the interna.
tional monetary fund. It said
Its investment operations -
limited to new or expanding
private companies in less de-
veloped lands - have stepped
up markedly in the past six
months.
Robert L. Garner, IFC presi-
dent, said IA new investments
have been closed since April
and "at least an equal number
Of promising projects develop
toward early decisions"
Evening star., 1959-09-30

pointed the worlds belief that
America can easily be and must
be more competitive and that
we can outproduce and outseil
any country II We innovate and
automatic. invent and improve.
Surely your people don't
expect TO retire TO the back
yard and put up fenees3" asked
Edwards. Surely, you Ameri-
cans believe that In an expend-
ing world economy we can al
be prosperous7"
Distribussd 1859. hy Ths han syndi-
cate. Inc. All Rishts ksssrvsdS
Evening star., 1959-09-30
T. E. SebreII, Jr.,
To Retire From
Clarendon Trust

T. z. Sebrell. jr., president Of
Clarendon Trust Co. and chief
executive ofiicer Of the bank
since its organization on Octo-
ber 80. 1921. today announced
plans to retire on October 80.
The retirement date will
mark his 72d birthday as well
as his 30th anniversary as chief
executive Of the bank.
Under his leadership Clar-
endon Trust has become one
of Northern Virginia's larger
banks with more than $22 mil
lion Of assets.
Friends and associates win
honor Mr.. Sebrell at o recep-
ton and dinner in his honor
at Washington Golf and Coun-
try Club on Friday night. Oc-
tober 80.
Evening star., 1959-09-30
" SYLVIA PORTER

So far this year, our pur-
chases Of goods from Britain
are UP 30 per cent over 1858
while sales are down / per cent.
In 1859 our buying from
Britain-of stun ranging from
safety pins and whisky to Jet
engines and autos--is above
5000 million while our sales to
Britain are only Q bit over $500
million.
It Is against this background
that British industry. under the
sponsorship Of the Federation
Of British Industries, Is plan
ming to stage the largest ex-
hibition Of British goods ever
seen In this country.
Between June 10 and 26 Of
next year, according to w. p. N.
Edwards. managing director Of
the Federation. British corpor-
ations will take over the New
York Coliseum.
ITO put over the show. the
Federation alone Is spending 81
million. The participating corp
will spend another 90
to $40 Million" Mr.. Edwards
said.
The prime aims Of the ex-
position are obvious: to raise
Britain's annual sales IN this
country to 81 billion in 1860
and to diversity her sales.
There is O rising resentment
against imports in this country.
and the resentment Is going
across e-board now. Is includ-
ing organized labor and others
traditionally in favor Of liberal
trade. It stems from fear that
climbing imports are endanger.
ing jobs. from worry about the
outflow Of gold from our res
erves, from the loud debate
about whether we really are
pricing ourselves out Of the
worlds markets while our COM
petitors are pricing themselves
right into ours.
This protectionist talk Is
not idle chatter" ] told Mr..
Evening star., 1959-09-30
ID. C. Traffic Volume
Al Pct. Above 1858

Weekday traffic in the Dis
trict Of Columbia averaged fl
per cent above q year ago in
July. 24-hour tests at % key
stations Of the District High"
way Department showed.
The July weekday figures
also were 1913 per cent above
those. for the same month in
prewar 1941.
Traffic over four Potomac
river bridges was 7.2 per cent
above a year earlier and 112.6
per cent ahead Of l94l. The
load carried by five Anacosta
river bridges was IL per cent
ahead Of a year ago and 1875
per cent above figures for three
bridges existing in 1941.
Evening star., 1959-09-30
Drug FairClhie
NotWorriedby
Cut-RateStores

President Milton L. Elsberg
of Drug Fair Community Drug
Co. does not believe that cut
rate drug stores can AFFECT his
company's growth significantly.
In q talk before the Wash.
ington Society Of Investment
Analysts at the Occidental Res
taurant today. Mr.. Elsberg said
any effect cut-rate establish
ments might have would be
countered proiitwise by wider
expansion Of new and profit
able lines.
"The public still demands le-
Ultimately run. honestly adver-
tised establishments" he said.
Mr.. Elsberg said one cut-rate
store last year advertised q
well-known sun tan lotion
which sold everywhere for
about % cents. They adver-
tised 1t at 20 cents, claiming 81
value.
Drug Fair found out the bot
tie was not the se-cent size.
but the 59-cent size and the
contents were from q formula
the, company had not used for
i've years. he said. The product
would not pour from the bottle,
he added.
II am sure their intention
was not to sell too much. but
purely to discredit the legiti-
mate store with, legitimate
prices" he declared.
Average volume Of Drug
Fairs ranks among the first
three drug chains nationally
and r. d. c. Reports. drug
publication. recently listed the
company as the fastest growing
chain Of the last five years,
with o 248 per cent sales in
crease and q sos per cent rise
In dollar net. Mr.. Elsberg
pointed out.
He said his company's out
standing success was the rea-
son 1t was selected recently to
set up q typical 0-square-
foot Drug Fair at the trade
fair In Zagreb. Yugoslavia.
Evening star., 1959-09-30

Of State Loan. Equitable Credit
stockholders approved the plan
Yesterday.
The merger will combine
Eouitable's assets approximat-
Ing $40 million with State
Loans total Of around Silt
million. Equitable's 100 ofices
viii be combined with State
Loans 300 ofices.
Under the agreement terms
holders of each share Of Equi-
table Credits 60-cent preferred
stock will receive 4/l0 OF a
share Of 6 per cent cumulative
preferred stock Of State Loan.
Holders of Equitable 50-cent
preferred will receive 1/3 OF a
share of 6 per cent cumulative
preferred of State Loan Tor
each of their shares.
Holders of Equitable's par
ticipating preferred will receive
"a of q share Of State Loans
Class A common for. each
share.
Each Equitable common
share will be converted into 70
of a share of State Loan Class
A common. Fractional shares
will not be issued. but in lieu
thereof, fractional interests
will be purchased for cash at
prevailing market price today.
Certificates Of all classes OF
Equitable stock may be ex-
changed at offices Of American
Security & Trust Co.
Subject to action OF the
board of directors. the next
record date for payment OF
dividends on State Loan shares
will be approximately Decem-
Der l, 1859.
Evening star., 1959-09-30
Budd Buys Lewyt~

NEW YORK. sept % tAr).
The Budd Co. has purchased
the Lswyt Manufacturing Corp.
of Long Island City. n. 7,
President Edward o. Sudd. ir.
said yesterday. Ths. company
also has completed an sasrss-
msnt 70 take over the cleveland
Welding Division Of the iAmsri-
can Machine and Foundry Co.
Evening star., 1959-09-30
IBM Elects KiIIiun

NEW YORK. Sept. 80 (AP)
james r. Killian, jr.. chair
man Of the corporation Of Mas
sachusetts Institute Of Tech
nology, yesterday was elected Q
director of international Bust
ness Machines Corp.
Evening star., 1959-09-30
Stable Incomes Help
Area Collections

Collections in the Washing
ton area are better than in
most other areas because OF
relatively stable incomes. but
credit stats here have to keep
on their toes as elsewhere to
hold delinquencies to q mini
mum.
This was the general theme
of q panel discussion Of COL
lection problems at a dinner
meeting of the Washington
Retail Credit Association at
Evening star., 1959-09-30
Washington Gas Reports
Larger Seasonal Loss

Washington Gas Light Co.
had q seasonal deficit Of
$524,76l from August opera
tons, compared with q net loss
Of $3.50. 800 in August last year,
the company reported yes
terday.
For eight months this year
net income rose to $5.040. .8S5
from $4.451, ,656 q year earlier.
however.
Evening star., 1959-09-30
'9s'' 3 BUSINESS
$l57 Million Merger
Voted at Stote Loan
BY DONALD b. HADLEY
star Financial Editor

sstockhodes of Loan Finance Corp and Equitable
Credit Corp of Albany NJ Y have approved consolidation and
Ynerrer of the two companies under State Loans name
Davs Weir board chairman Of State Loan announced the
merger agreement was filed in Delaware and New York today
hortv after Anal approval consolidation by stockholders
Evening star., 1959-09-30

Occidental Restaurant last
night.
A wide variety Of collection
policies were discussed with
John German Of Riggs Ma
tional Bank. association presi-
dent as moderator.
Panel members included:
Edwin B. Fuller. collection
manager. Washington Hospital
Center; willard e. Lloyd. Sears,
Roebuck g. Co.; Owen H. Nor
ris, State Loan e. Finance, and
Alvin Snyder. Hub Furniture
Co.
Potomac Plan Exceeds
IS Million in 8 Years
In nine years Of operations oi
the Potomac Plan, investment
objectives exceeding IS million
were subscribed by more thar
5000 investors, 1t was revealed
In the annual prospectus filed
with the Securities and Ex-
change Commission.
More than 1873. 900 shares oi
Potomac Electric Power Co
comomn stock were accumu-
lated through the plan. which Ii
sponsored by Capital Reserve
Corp
The plan is designed to per-
nit investors to acquire shares
of PEpCO through q monthly
investment with custodianship
over q five-year period.
Payments are made to the
trust department Of the Ma
tional Bank Of Washington
which provides the accounting,
payment receipts, progress re-
ports, collection and reinvest-
ment Of dividends.
Since the investment plan
started in 1850. PEPCO opera
ting revenues have expanded
from $37.6 million annually To
$72.2 million while prices Of
common stock have ranged
from $3.50 and $3.50 a share,
Evening star., 1959-09-30
OVER COUNTER

Washington listings on over-the-
counter markets furnished BY the Ma.
tional Association Of Securities Dealers
es Of IL an. Wednesday, Septem-
Evening star., 1959-09-30
DowIey Pleased
5ByWeIcome for
Lord & Tuylor

Lord g. Taylor executives
have been gratified by the well
come given their new Washing
ton Chevy Chase store, Pres
ident Melvin e. Dawley en-
phasized at a ribbon-cutting
and a preview luncheon yester-
day.
Some $50 civic and business
leaders attended the affair in
Fcshion Show StoC. Pose C-S
the new store and the doors
were thrown open last night to
the general public.
/. Mrs. Earl Warren, wife of the
Chief Justice, who cut the
ribbon. was introduced at the
luncheon as a former retailer.
who operated two shops In the
Oakland area.
Mr.. Dawley commented that
Mrs. Ivy Baker Priest, Treas
urer Of the United States, who
was at the speakers table, also
had a career in retailing.
Evening star., 1959-09-30
FOREIGN EXCHGE

NEW YORK. Sept. 30 fAP).-For-
eign exchange rates f0reat Britain in
dollars. others In cents and decimais
Of Q cent?:
Today Prev Day
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10

VI SOlulilUuS.
TabUlsfion Of ths good
works performed for this in
tention shows that in the par.
ishes and missions Of the Do
eese 566 Masses were attend
ed by 133,886 people that
weekend. OF THAT number &c..
326 received Holy ommunion.
Also held were us devotions
attended by N,o7l parishion.
ers.
The institutions, colleges
and seminaries in the Do
cese had a total of rs Masses
with an attendance of 1878
people and 1892 Holy Com
munions. Devotions in the in
situations numbered 65 with
584l people attending.
The grand total for the OBJ
servanee was 644 Masses az
tended by 140,864 people and
6L,7l0 Holy communions.
There were 280 devotions at
tended by 1872 people.
Students of the elementary
and high schools Of the Dio-
cese also observed the First
Friday, February Is, as a Day
of Prayer for the Holy Fa-
theirs intention.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10
For Prosecuted
Bishop Sends Report
To Holy Father

A report on the Iridium of Prayer held Febru-
airy 13 to Is for the Prosecuted Church in China is be-
ing forwarded to our Holy Father, John XIII, by
Bishop Issenmann in the name Of the faithful of the
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10

panel discussions were held
by John Igoe, secretary of
the st. Agatha Conference,
who gave an instructive and
humorous explanation of the
Importance of submitting good
reports.
Dante Rernardini, assist
ant director Of the Franklin
County Welfare Department,
exclaimed ttc role Of secular
welfare agency and Joseph
Weisenherser. president Of
the St. Peter chiIIicofhe, con-
ference, explained tke ne<i
Of bringing new conferences
into active participation.
President Larry Murnane
and Msgr. Lawrence Corcor-
an, diocesan moderator,
thanked the men for doing
such an outstanding job dur
ing the recent convention and
snoted that due 10 the local
example future national con-
ventions are to be patterned
along the same lines.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10
Delaware Parish Begins
Drive For New Addition

Russell Dunlap. Tom Gabele.
Bob Parker and Tom Reardon.
South Division, Richard
Ncubert. chairman: Jeff Da-
Wis, Paul Ford. Floyd CREASE
mar, Wayne Harris, Harold
Hayes, Gerald Hupp, Jack
Keefer, Bernard Lyons, Char
les Middleton and Tom Roach.
Country Division. william
McNamsra, chairman, Gerry
Fcck, Dr.. Antlony Duber,
John Ferris. Joe Gay, Steph-
en- Kaple, Francis Mahoney,
Stanley Mantor. Tom O'Keefe,
A. F. Powers. Leo Schaeper.
Business and industrial Divi-
sion, J. Chad Whitman, chair.
man, Joe Dinovo, Tom McNa-
mara, William Mcnamara.
Richard Neubcrt, Father
William c. O'Brian; Francis
O'Brien, DIR. George J. Park
er, DIR. James G. Parker and
DR.. Charles Ward.
Building committee men,
bers have been meeting week
~ for the past three months
and will continue to meet
regularly throughout the cam
palgn.
Members of the finance
committee will handle the col
lection Of pledges weekly for
the next three years through
a special envelope system each
Sunday.
st. Mary's parish has grown
greatly during its 12S-year
history and is continuing to
grow at an increased rate an
nually.
At the time the present pas
tor, Father O'Brian. came to
st. Mary's in 1928, the school
enrolment was 120 pupils.
From that time until the mid
die forties there was an aver.
age annual increase in the
first grade of seven children.
During recent years, how
ever, the number being en-
rolled in the first grade an
nually has grown. and next
falls anticipated first grade
enrolment is so children.
If the enrolment continues
to increase at its present rate,
as it is expected to do, it is
expected that there will be
an enrolment of 900 pupils
within the next 10 years.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10
Clergy Begin
Shrine

Members Of the Dioce.
san clergy will begin their
annual retreats at the
Shrine of the Little Flow
er this Monday, April 13.
The tbres-dsy retreats
w'e', will be ccnSrcfed by
tire csrmelite fathers, begin
at 8 pm. each Monday and
close after dinner on the
third dsy.
Priests assigned TO the
firet rctcat irc ule. '.on-
s;gno9s FTedo lex Burkhart,
Edmund Burnley, James Car
roll, James Kulp and George
Ma
Fathers Raymond Baus-
chart. thomas Bennett, John
Byrne, Richard Crosser. John
Dunn, Harry Estadt, Charles
Foellcr, Angelo Gallorini,
James Hanley, Louis Hoff-
man, Andrew Holman, VIII
liam Johnson and Bernard
Jones.
Fathers Julius Klinec, Paul
Laurinaittis. Leo Lawler,
Chester LIE Blanc. William Ma.
loney, Edwin McNulty, Wayne
Meyer, Michael Nugent, John
Simon, Vaclovas Summinas,
Joseph Switalski, Michael
Tabit and Arthur Zuber.
Other retreats are schedul-
ed for: April 20-23, May II.
ID, May 1921, June 8-11,
and June 1913.
Fr. Rene Hayes, o.csru.
will conduct the priests r..
treat in April and May.
Fr. cIetvs Sullivan, o.
carm. will conduct IRE June
retreat.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10
100000 Goal:

DELAWA 5000
900 school building fund
drive, to finance construc-
ton of an addition to st.
Mary's School, Delaware,
will be launched Sunday,
April 19, when five teams OF
solicitors start contracting ev-
cry parishioner to obtain con-
tributions and pledges.
A fund drive kickoff dinner
for oil COMMITTEES members
ard solicitors will be held
Saturday, April 10, at The
Knights Of Columbus home,
with Howard Hamilton, fund
drive general chairman presid-
ing, and Msgr. C.. Bennett
AppIsssfe. Diocesan supsrin-
iendsnf Of schools, IS the
featured speaker.
Architect r. A. Kratoville,
OF Westerville, has said that
blue prints of the school addi-
ton are nearly completed
and should be available by
the end of April to contrac-
tors who wish to study them
to submit bids.
Father William c. O'Brian,
st. Mary's pastor, and DIR.
James G. Parker, both build
ing fund advisors, report that
the new addition probably will
be started between June Is
and July l, and the job is ex-
pected to be completed at
least by the first of next
year.
The addition, which will be
1o.40o square feet in size, will
consist Of . cafeteria in The
basement, three class rooms
on the first floor, and three
class rooms on the second
floor.
Money raised in the cam
paign starting April 10 will be
used for purchasing equip
ment that will be needed for
the new cafeteria and for
classroom furniture, as well
as for construction of the new
addition.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10
Eastern C.
Sets Meeting
AT GAINESVILLE

Eastern Deanerv Council OF
Catholic Men will meet this
Sunday at GAINESVILLE. ac-
cording to Thomas Joyce,
president.
The day-long conference
will omen with Mass at 1880
am. in St. Nicholas Church.
Delegates will consider
adoption of a deanery consti-
tuition and will elect officers,
joyce said.
Father William Conner, pas.
tor of ST. Joseph Church,
Sugar Grove, is moderator of
the Eastern Deanery.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10
CYC Dances
Are Resumed

The weekly Catholic Youth
Council dances have
been resumed at the Knights
of Columbus hall, State and
Sixth SITS.
Time of the dances, which
are held each Sunday. is 9 to
II pm. Admission is 81 per
person.
All Catholic high school
seniors and young adults to
the age of 30, are invited to
attend the dances.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10

Shea urged the men to
analyze the spoken and writ
ten word, "Give them that
hard look and reflect on their
meaning"
Giving them the example
OF their patron, St. Vincent
dc Paul, Shea reminded that
Vincentian, means conquer
Or"
IF we call ourselves Chris
tians we should learn all we
can about Christ, so too, if
you call yourselves Vincen-
tians you should learn all
you can about your patron
and follow his example to
serve Christ through Charity,
that is love, for your fellow
men,
Earlier in the day, Bishop
Clarence G. Issenmann, who
had offered the annual Mass
for the Vincentians, told the
men that there should ba a
st. Vincent de Paul confer
ence in every parish"
Bishop lssenmann said that
"this would be . most sp-
propriste time TO establish
these conferences as interest
in the movement should be
At its peak" since the So
eiesy did such outstanding
work during the recent flood
and because the national con.
vention here last Fall was q
sreaf success"
Following TIE breakfast,
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1959-04-10

Pal ishioners will be asked
10 pledge at least three per
cent of their income for the
next three years TO the school
building fund.
Solicitors in the industrial
and commercial division of
the fund drive launched their
campaign early in the week of
A. ril 5.
Brochures, prepared by the
fund drive committee, were
sent to local industries and
commercial firms prior to the
launching of that divisions
drive, and all parishioners will
receive copies of the brochure
before April 19.
Those serving on commit
tees, in addition TO Father
O'Brian and Dir. Parker as adj
visors and Hamilton as gener-
al chairman include: Planning
committee, Hamilton, chair
man, Russell Rehark, DR..
George J. Parker, Francis
O'Brien, Richard Neubert and
William Mcnamara.
Financial committee, Father
O'Brian and Father Joseph
Stanton, advisors; Rehark,
chairman: Charles Cooney and
Henry Wolf.
Publicity committee, John
Keefer, chairman; William
Beard, Jack Brehm, Miss Lyn
Doudna and Jerry Rohr.
Solicitation, North Division,
Beard, chairman; Joe Fisher,
Glenn Grigsby, John Hanra.
han, Ray Harwood, George
Heineman, John Johnson,
William Linville, Ed Rusch,
John Schaefer, Norbert
Strohm and Ray Tabler.
East Division, Leo Maloney,
chairman, Bill eastman. Ken
meth David, Ed Flahive, Fotios
Premises, Tom Hall, Neal Laf-
ferty, Paul Oberle, Ed Rein
hard aid Paul Stock.
West Division, Ed Lyons,
chairman: Henry Basanceney,
Wilbur Bills, Gus Cirivello,