davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-20
MILO G. COERPER, Attorney
GIG Transportation Building
WASHINGTON q, d. c.

HAHHI M. HULA SAEl ~
IN The UNITED STATES DISTRICT
Court for the District OF Colum5la
COLUMBIA OPERATING COR
PORATION. Plaintiff VS.. THE UN-
KNOWN HEIRS AND DEVISEES
OF JAMES NJ. LINGAN, DE-
CEASED, ct al. Defendants-Civil
Action No I36O-59-ORDER OF
PUBLICATION. The object Of this
suit is to obtain a judgment
establishing Of record by adverse
possession plaintiffs title to the
following described land and prem
ises situated in the District Of
Columbia. viz. Part Of Lot "a
IN Mary A. Smiths subdivision of
lots in Square I05, as per plat
recorded in Lfber HDCs Folio
I Of the records Of the once Of
the Surveyor Of the District of
Columbia. assessed for purposes
Of taxation as Lot S22, Square
los, and described as follows:
Beginning for the same at the
the center Of the a-ineh wall
between Premises: 1894 and 1926
I Street NV. and running thence
West IS feet to the center of the
T3-inch wall between Premises:
1926 and 1928 I Street NV.
thence South through the center
Of said last mentioned wall l26
feet 9 inches. to the rear line Of
said lot: thence East on said rear
line is feet to the Southeast
corner Of said lot, and thence
Nerth f36 feet Q inches to the
place of beginning Upon motion
Of the plaintiff it is by the Court
this 18th day of July, 1859,
ORDERED, That the defendant,
ELLA S. SMITH, cause her ap-
pearance TO be entered herein on
or before the fortieth day, ex-
elusive Of Sundays and legal
holidays. occurring after the day Of
the first publication of this order !:
otherwise the cause. as to her,
will be proceeded with as in case
of default; and PROVIDED a copy
Of this order be published once q
week for three t3) successive
weeks in the Washington Law
Reporter and The Evening Star,
longer publication being unneces-
sary for good cause shown (S)
P DICKINSON LET'S, Chief
Judge tSeaI) A True Copy Test:
HARRY NJ. HULL. Clerk By JOHN
J. DEMPSEY. Deputy Clerk.
y20,e1-au3
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
Mergenthaler Net Income
Shows Good Increase

Mergenthaler Linotype Co.
announced that net income
after taxes for the first SO
weeks of the fiscal year 1859,
ending June 7, 1859, totaled
$2,175,00O. For the first nine
months of the last fiscal year,
net income after taxes reached
$4,000, officials said.
Foreign dividends received
during the first SO weeks of this
year totaled $l,367,000 con-
trasted with $485,OOO in the
1858 period. The company had
outstanding, on June 7, 582,826
shares of stock compared to
456.925 shares as of June 80,
1858.
Net sales for the third quar-
ter stotaled S6,523,OOO con-
trasted with $6.14l,000 for the
corresponding quarter in the
fiscal year 1858.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
T rode Boards NewHeod
Active in Many Affairs

The new president OF the
Washington Board of Trade,
f. K, Morris, founder and pres
ident of the Federal Storage
Co, 1901 Florida avenue NV,
is a direct descendant of Will
liam Bradford, first Governor
of the Massachusetts, Bay
Colony.
Mr.. Morris became board
president yesterday, succeeding
Victor o. Schinnerer, insurance
man.
Mr.. Morris was born January
rs, 1897, in New York City and
was a World War I naval avia-
tor. In 1925 he founded his
business Mere and has since
taken an outstanding part in
business, civic, church and fra
ternal affairs.
Among his business connec-
tions, Mr.. Morris is a director
Of the Washington Gas Light
Co, He coached George Wash
ington University baseball
teams and in 1888 was instru-
mental in introducing night
baseball at Griffith Stadium.
Golf has been his principal
hobby in recent years. He has
been a leader in KiWanis, is a
past president of the Boys Club
of Greater Washington, is a
Mason and was master of
Temple Moves Lodge. is an
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02

tions. The SEC proxy rules
have contributed to that, off,
Gals say.
4. Uniformity in auditing and
and accounting procedures and
practices in financial reporting.
in day-to-day operations and
in annual and other reports.
SEC laws require that certify
ing accountants be "indepen-
dent" and adhere to established
standards of auditing and &C
counting and financial report
ing. This, officials said, has
fortified the position of the &C
counting profession in the whole
scheme of financial reporting
5. The commission has con-
tributed to the reorganizing
and revitalizing of the utility
industry. which was in the
doldrumS when the Holding
Company Act was passed in
1885.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
Tobacco Industry Calls
Mounting Taxes Punitive

The Tobacco Institute, in its
current publication, Tobacco
News, pointed out more than
3 million members of farm
families in this country depend
on tobacco as their most i'm
portant cash crop.
Writing in the publication,
Institute President James p.
Richards asserted increasing
taxes on tobacco have become
punitive and violate every
principle of American free en-
terprise and fairness" He said
Federal, State and municipal
taxes on tobacco products
totaled about $2,543,368,000 last
year.
Declaring that tobacco sup
ports vast section of the
American economy, Mr.. Rich
ards said more than 100000
acres OF farmland are devoted
to growing fax for cigarette
paper. Tobacco manufacturers
in one year alone spent SO mil
lion for fuels and electric
power and invested $50 million
in new plants and equipment
he said. The tobacco industly
uses large amounts of Irvine
thread, cotton bed plant cloth
sugar, molaSSes, vine, vinegar
and other products.
The publication also saio
distribution of tobacco productS
requires millions of dollars
worth of commercial trans
portation facilities. And to-
bacco growers use millions Of
dollars worth Of fertilizers and
insecticides.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02


the commission has built up
in the market place.
The commissions formal
celebration will occur on
Thursday, october s, at the
Sheraton-Park Hotel. More
than 1000 persons are ex-
pected to participate.
Chairman Edward N. Cad
shy heads the special commit
tee preparing for this banquet
at which 10 past chairmen,
including Joseph P. Kennedy.
James M. Lands and Justice
William o. Douglas. will par
ticipate. The banquet VIII
honor present and former COM
missioners and staff members
and throw the spotlight on the
commissions accomplishments.
Recounted in Letter
Some of these have been re-
counted in a letter Orval l..
Dubois, the commissions Sc
cretary. has sent to employees,
past and present. 1t said:
The Federal Securities Laws
and Their administration over
the past IS years have made an
important contribution to the
public interest, not only IN
terms of providing disclosures
of financial and other informa-
ton upon which securities may
be realistically evaluated and
in curbing abusive practices IN
the securities markets, but also
in fostering high standards OF
business conduct. These are es-
sertial to investor confidence,
which is basic to the continued
health and vitality Of our eco
nomic system.
Among the accomplishments
attributed to enactment Of this
historic legislation are listed:
|. Conversion of the New
York Stock Exchange from an
exclusive private club operated
for its members to a public in
stitution operating in the in
terest of investors. In the late
i93Os, new rules, regulations
and practices obligated officials
to administer the Exchange on
iust and equitable principles OF
trade to protect the investing
public.
>. The National Association
of Securities Dealers. Inc, or
ganized and registered with the
commission under Securities
and Exchange Commission law,
has set up Just and equitable
principles of trade, sought to
eliminate the fly by-night OPP
orator, set up a Code Of Fair
Practices and has its own policy
and self -diSciplining powers.
3. A lot of credit is given the
commission for aiding in chang
ing the standard of conduct
of corporate officials. Now they
recognize the importance Of
NEUTRALITY-SUSPICIOUS. rela-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
YOUR
MONEYS WORTH
Treasury and the Money-Lenders
BY SYLVIA PORTER

tanning the Az per cent interest
rate ceiling on Treasury loans
for more than FIVE years.
For no matter what some Of
our lawmakers may think, II
isn't Congress which is setting
the level Of interest rates today.
Under today's financial setup
and relatively free conditions
it's "the market" which is
setting the level.
The market is made up Of the
Nations hundreds Of thousands
Of investors anC lenders. These
are telling the Treasury they
won't take its one-year l. o, US
at under 4 per cent interest;
these are telling the Treasury
they won't accept as little as
4 "a per cent for loans running
for few years. 1.-THE market"
is telling Congress bluntly; THE
414 per cent ceiling is obsolete.
We have mcde it So"
And no matter how powerful
some of our lawmakers may
think the Treasury is, Mr..
Anderson hasn't the privilege
Of deciding now whether he'll
pay more or less for a loan.
The price of money Cthe inter-
est rate is determined by the
supply of and demand for
money. The demand is exceed
ing the supply now because
business is surging upward, so
many want to borrow and the
Federal Reserve System is re-
fusing to add enough to the
supply Of money to fill all
demands. Thus the price of
loans has been heading up, and
it's still heading up.
| Our lawmakers are having a
rough time trying to decide
what to do with the Admins
tration's request that ceilings
on what the Treasury can pay
for loans be abolished. And
rightly so, for this request
dramatizes the whole issue OF
tight money.
! But while our lawmakers fret
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
FL Perpetual Employees
Complete Study Courses

At a reception held yesterday
in it's auditorium, 81 employees
of Perpetual Building Associa-
ton received SO certificates
covering seven courses of study
in the curriculum of Washing :
ton Chapter No. 81, American
Savings and Loan Institute
Perpetual's President Edward
C. Baltz presented the certifi-
Gates, aided by William H
Dyer, executive vice president.
Herbert A. Halter, president of
the chapter, congratulated the
certificate winners. Achieve
ment awards were earned by
John F. Garrett and Gladys S
Roberts and standard diplomas
by Joseph H. Crute and Jo-
seph A. Pavelka, jr.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
Erie-LuckuWunnu
Merger Up to ICC

The Erie Railroad and the
Delaware, Lackawanna e. West
ern yesterday submitted a
formal merger proposal to the
Interstate Commerce Commits
sion. They projected a new
corporation to be known as the
Erie-Lackawanna Railroad Co.
The proposed consolidation
would put the companies $500
miles Of trackage into a single
system extending from Ho-
boken, N. j., on the east to
Chicago on the west, and ac-
cording to the application.
making possible increased earn
ings of "at least" S13.4 million
a year before Federal income
taxes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02

Yesterday, Treasury Secre-
tary Anderson went to the ma
tons bankers and borrowed SO
billion to help meet the govern
ment's bills between now and
mid August. He'll pay back the
billions next March out OF the
income taxes the Treasury will
be collecting then.
This coming Wednesday, July
8, Mr.. Anderson will make a
second trip to the bankers to
borrow another So billion. He'll
pay back these billions next
July.
The bankers are charging the
Treasury somewhere around 4
per cent interest for this SIS
billion Of short-term money.
Think hard about that in
terest rate level for a few min
utes. This. mind you, is the
Treasury of the United States,
This is the safest, most risk
less paper there is-loans on
which default is unthinkable.
Yet, when Mr.. Anderson asked
the nations bankers yesterday
to set charges on the SO billion
loan which would fit in with
the going level in the market
the bankers asked for one OF
the highest rates in modern
times. When Mr.. Anderson re-
turns next Wednesday for the
50 billion loan the bankers vii
ask for far more than double
what the Treasury paid for g
similar loan in mid-l958.
In this illustration you car
see what is happening to Dor
rowing costs.
If the Treasury is beinl
forced to pay 4 per cent anc
more for short-term loans
you'll pay much more. If The
Treasury is finding lenders in
creaslngly choosy about thu
length Of their loans, you'll fine
them equally so,
And in this illustration yol
also can see how unrealistic 4
the point of view of man!
Congressman today on main
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
Renah F. Camalier
Announces New Law Firm

Renah F: Camalier, former
District Commissioner, an
nounced formation of a new
law firm with Lloyd Fletcher,
Stanley B Frosh and D. Deane
Ferguson. The firm to be known
as Camalier, Fletcher, Frosh
and Ferguson, will have Offices
at 1900 Connecticut avenue
NV. 1t will engage in the gen.
eral practice of law before
courts and boards of the Dis
trict, Maryland and Virginia
and the departments and agen-
cies of the United States.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
Aluminium Transmission

He disclosed, in effect, that
the COrvair will have both an
aluminium engine and an alu-
mlnum transmission, with the
engine a fiat, air-cooled six
cylinder one with cast iron
cylinder sleeves the only parts
not of aluminium.
This lightweight metal he
said, will give the Corvair a
weight ratio of 40 per cent on
front wheels and 60 per cent
on rear wheels, loaded or
empty.
Conventional size cars. he
said, generally have a 55-45
ratio empty and a $3.50 one
loaded, while station wagons
fully loaded frequently have
1880 ratios and sometimes
trucks go up to "a per cent
loading on rear wheels.
He rated the forthcomirl
cars stability excellent anc
said its lightweight engine anc
transmission would give it gooC
balance. There will be plenty
of luggage room up front, he
predicted.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
Piedmont Federal Sal
Pays Semiannual Dividend

Executive Vice President
John J. Withers announced
the board of directors of Pied
mont Federal Savings and Loan
Association. Manassas, Va. de-
clared semiannual dividend
of 4 per cent, amounting to
$528,192 distributed to share
holders June 30. He said
Piedmont Federal, with assets
exceeding $50 million, has paid
a consistent 4 per cent dividend
since 1894.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
People Are Paying
Bills More Promptly

MINNEAPOLIS, July ! CAP).
Consumers are paying their
bills more promptly than six
ago, the American Col
lectors Association reported to-
day.
THE general increase in
business activity is enabling
more consumers to get caught
up in their overdue obliga-
tions," the association said,
adding that the only pessimistic
reports come from coal mining
areas and some northern in
dustrial cities where employ
ment has not reached the peak
of l8 months ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
Mount Vernon Bank
Declares 80-Cent Dividend

Directors Of the Mount
Vernon Bank & Trust Co. of
Fairfax County. Va, declared
an 80-cent dividend per share
on the banks stock. officials
recalled this is the 10th semi
annual dividend to be paid
since the bank opened its main
Office in October, 1851. at the
jefferson Manor Shopping
Center.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
Treasury Bills Sold
On 4.075 Pet. Busis
By The Associated Press

The Government today bor-
rowed SO billion in new cash
an unhappy way to start the
1860 fiscal year.
The money was borrowed by
auctloning 258-day Treasury
bills on a best offer basis. T'hA
securities were sold at prices
which gave purchasers an
average interest rate of 4.O75
per cent.
This rate compared with
1866 per cent on an issue Of
day bills auctioned early
in May.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02

Episcopalian and a member of
the governing board of Wash
ington Cathedral.
He is widely known as the
founder Of the United Givers
Fund and its first president.
But he also is known for what
might be called his pet hobby
his interest in young people.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
RCA Service Co. Opens
Branch in Hyattsville

District Manager L. A. Bal
jay of the RCA Service Co., a
division of the Radio Corpora
ton Of America, announced the
opening of their new Hyatts-
vile, Md, branch at $500
Lafayette place. The new
branch will be the second
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02

and fume the market" goes on
telling all borrowers, includ-
ing the Treasury, what they
must pay.
Distributed 1859 by The Hall
Syndicate. Inc. All Rights ReservedD
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
Front VS.. Rear
Auto Engine
Opens

DETROIT, July 2 (AP),-A
front-engine VS.. rear-enGine
war has broken out among
the big three of the auto in
dustry.
1t revolves around the small
er, compact cars General Mo-
tors, Ford and Chrysler plan
to introduce this fall. None has
indicated its plans to switch
power ends on any current
models.
GINS Chevrolet plans to in
troduce in october a rear
engined Convair, and it held a
news conference yesterday to
emphasize what it termed sta
bility, safety, handling and
braking superior to that Of
conventional front-engine cars,
Ford television commercials
of late have featured the
shooting of an arrow, and point
out it goes straight to the tar
get when principal weight is
on the front end, but wobbles
when weight is applied to the
rear. OF course, it doesn't men,
ton the Corvair, expected to
beat Ford's small Falcon to
the showrooms. 1t just says the
arrow principles applies to au-
tomobileS, too.
Where Engine Belongs"
When he announced ChryS-
ler's forthcoming Valiant,
President l.. l.. Colbert said the
engine would be up front,
where it belongs" And ChryS-
Ter will open an advertising
campaign Monday for its
French-built Simca on "the
advantages of front-engine
cars over rear-engine cars"
Chrysler's Simca campaign
will assert that rear-heavy cars
are harder to control when
driving on an open highway;
tend to Jack up" dangerously
when taking fast curves, and
generally have less luggage
space.
To fend off zig-zagging ar
rows and an opening double
page blast, Chevrolet called
from retirement its one-time
chief of research and develop
ment, Maurice Obey to point
out what it terms superiority
of the power Corvair. Mr..
Obey now is a consulting en-
gineer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02

Mr., Baljay said the reason for
its opening is for better service
to its RCA-Victor television,
stereo and radio owners in the
nearby Maryland and D. c.
areas.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
'3 RI BUSINESS
SEC Marks 18th Year
As Securities Mentor
BY WILLIAM A. MILLEN
Star stan Writer

The Securities and Exchange Commission which seeks to
give the investor better break quietly observed its 25th
anniversary today
The widespread holdings of securities by the general public
these DAYS traceabe large to the confidence
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
FOREIGN EXCH'GE

NEW YORK, July tAPD -ForeIgn
eNcla re rates tGroat Britain in dol
lars. others in cents and deCimals of
a cent?.
To-day Prev Day
Canada In NJ Y
freeI lU4 gOGo lO4 SgOG
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02

branch to open in the Greater
Washington area and will be
managed by j. w. MCGEE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02
TREASURY BONDS

NEW YORK, July 2 CAP).-Yester-
days closing over-the-cnunter United
States Government bonds
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-07-02

fTlceS quoted IN uolldTS anu lnIIS-
seconds
Subject to Federal taxes but not TO
State income taxes.
The Nome nugget., 1959-01-23
Creuel Will Be Candidate For
 House Speaker

JUNEAU, tR - Richard J. Greuel said today he would be an active candidate for Speaker of the House in the first Alaska State Legislature.
 The 30-year-old Fairbanks Dem ocrat was house speaker in the last Territorial session in 1857, when he was a sophomore law maker.
 Greuel said he could count on at least 19 votes in a Democratic caucus Sunday at which the speak CT will be picked.
 He said he was confident his early support would hold and overcome any bid from veteran Representative Warren A. Taylor, another Fairbanks Democrat.
 Taylor is regarded as the only other major contender for the speakers job.
 Greuel said he would "work for the closest possible cooperation between the executive and legis- lative branches" if elected.
 There was some speculation that Greuel would be unable to get along with the executive head of the government, Acting Governor Hugh Wade.
 The two were bitter opponents in a primary battle last August for the party's nomination as Sec retary of State.
 Wade won the primary and Greuel made late entry to win a spot in the first State Legisla- ture.
 Greuel said there would be no difficulty for him to cooperate with the Acting Governor. The primary fight, he said, was a thing of the past.
 Wade has been Acting Cover nor since Monday and is expected to serve through the entire first session of the Legislature, which convenes here Monday.
The Nome nugget., 1959-01-23
Legislative Council Hears Oil Gas Lands Lease Proposals From Oilrnen

Sharply opposed to Goodwin's recommendations were those pre- sented by Charles Keeble and Ed ward Dairs, representing the Humble Oil and Refining Co., They called for a system of competitive bidding for state leases with no acreage limitations on holdings.
 Keeple told the lawmakers a system of competitive bidding would provide more revenue from the leases, encourage more sub stantial explorations and discour- age speculation.
 Dairs said non-competitive leas- ing, as provided for in the Fed eral Leasing Act, brings in reve- nue of only 50 cents per acre annually.
 J. D. Nance, representing Stan dard Oil Co. of California, told the legislators it would require strong incentive to attract explor- ations because of rugged field con- ditions in Alaska.
 He suggested Alaska petroleum products might be held off the market for several years until more economical sources of oil and gas are depleted.
 Roger Williams of Western Gulf Oil Co. supported the Humble Oil Co., position. He told the lawmak- CTS neither competitive nor non- competitive leasing afford oil com panies any advantages. But Will Hams maintained competitive bid ding would be best for the state because it would encourage more intensive operations.
 Both sides agreed that the states submerged salt water bot toms should be leased competi- lively.