davidaulloa/AmericanStories huggingface dataset:
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10
WANCHESE PERSONALS

Sue Williams of Norfolk is Wis.
iting her aunt and uncle, Mr.. ant
Mrs. Woodrow Stetson.
Mr.. and Mrs. Claude Ballard ant
grandson, Freddy of Norfolk visit.
ed Mr.. and Mrs. Basil Daniels.
Mr.. and Mrs. Harry Baum anG
son, spent Monday in Norfolk.
Mrs. Joe Davenport is patient
in Edgecombe Hospital, Tarboro.
Mr.. and Mrs. Dennis Greet and
daughter, Denese of Norfolk visit.
ed Mrs. Creef's mother, Mrs. Lucy
Midget.
Betty Lou Stetson has returned
from Norfolk where she visited
relatives.
Mr.. and Mrs. Levene Cudworth
of Norfolk spent the week end
here with Mrs. Louise Cudworth
Mr.. and Mrs. George Clark and
daughter, Cathy, of Cleveland
Ohio were week end guests OF
Mrs. Mary Forbes.
Mr.. and Mrs. L. R. Daniels of
Norfolk visited relatives here Sun
day.
Mr.. and Mrs. Lawrence Gibbs,
Jr. and children and Mrs. Blanche
Gibbs have returned to their home
in Bayboro after visiting Mr.. and
Mrs. Dairy Etheridge.
Laura Joan Daniels of Norfolk
spent the week end here with her
parents, Mr.. and Mrs. George Dan
iels.
Edward Allrox and son, Brad
ford have returned to Norfolk af-
ter visiting relatives here.
Mr.. and Mrs. Willie Etheridge
Sr. spent Sunday at Stumpy Point
with Mr.. and Mrs. George Payne
Mrs. Coolidge Basnight and
daughter, Grace have returned to
Norfolk after visiting relatives
here and were accompanied by
Regina Outlaw who will visit
them.
Mr.. and Mrs. Melvin Daniels
Jr. and children of Elizabeth City
visited Mr.. and Mrs. Melvin Dan
iels Saturday.
Mrs. Pearl Schaeff and Rowena
Midget spent the week end with
Miss Midgett's sister and brother
in-law, Mr.. and Mrs. Murray Ed
wards in Hampton.
Mrs. Edward Davis and daugh-
tiers, Elsie and Dixie and Charles
Greet are visiting Mrs. Davis sor
and daughter-in-law, Mr.. and Mrs
Tony Davis Port Isabel, Texas.
Ben Midget has returned home
after visiting his aunt, Mrs. Car,
per Meekins in Elizabeth City
N. C..
Margaret Midget of Hampton
Va. is visiting her aunt, Rowens
Midget.
Mrs. Mary Forbes is a patien
in the Albemarle Hospital, Eliza
beth City.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10
JENNETTE BABY DIES
SUDDENLY AT MACS HEAD

Warren Baxter Jennette, 3-year
5-month old son of Warren and
Mrs. Nell Jackon Jennette III, died
unexpectedly Saturday morning
at the Jennette cottage at Mays
Head.
He was lifelong resident OF
Elizabeth City, and had been at
Mays Head for the last three
weeks.
Besides his parents, he is sur
vived by one sister, Miss Michele
Jennette of Elizabeth City; his
paternal grandparents, Mr.. and
Mrs. Warren Jennette Jr., of Mays
Head, his maternal grandparents
Mr.. and Mrs. Earl Jackson OF
Elizabeth City, several aunts and
uncles.
Funeral services We're conducted
Sunday at the Twiford Funera
Home, Elizabeth City, at 2:30 pm
by the Rev. Maurice Grisson, pas.
tor of the First Baptist Chuch
Burial was in Westlawn Gene.
terry.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10
CRITICAL ILLNESS CLAIMS
MRS. CLARA FISHER

Mrs. Clara Elizabeth Fisher, age
70, died in the Beaufort County
hospital, Washington, Frid a y
night, following a critical illness of
several hours.
She was born at Swan Quarter,
on April 16, 1880, daughter of the
late Robert and Mary Elizabeth
Midyette Harris. She was first
married in 1897 to William Allen
Manning who died in 1908. She
was married in December 1918 to
Ernest S. Fisher, who preceded hen
in death in 1949.
"Miss Lizzie" as she was af-
fectionately known, lived most OF
her married life in Sladesville, N
c., and was member of the Slad.
esville Methodist church.
Surviving are one daughter, Mrs
L. C. Perry of Washington, three
sons, jeffrey Fisher, Washington
N. c., Bernie A. Manning, Prin-
cess Anne, Va, and William A
Manning, Charleston, S. c.; sever
grandchildren, and II great-grand
children; three sisters, Mrs. Tin
Caravan, Mrs. Archie Baum ant
Mrs. Jerome Jarvis of Swan Quar-
ter; and two brothers, Robert Har
ris, Swan Quarter and Walter Har'
ris of Durham.
Funeral services were held Sun
day afternoon at three o'clock il
the chapel of the Oden Fmera
home with DR.. Raymond L. Alex
ander, officiating. Burial follower
in Oakdale cemetery in Washing
ton.
Serving as pallbearers were Gil
bert Richards. Eugene Creole, Ear
Harris, Phillip Lupton, Mervil
Creole, and Allen Creole.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10
COURT
Continued from Page One)

Knowles Phila. Pa; and R. M.
Armstrong, Roper; H. A. Jordan,
Aydlett and John G. Wise, Kitty
Hawk. Other traffic fines were as
follows: Ernest C. Eptic, Rich
mond, $40; Warren A. Mot
zen, Portsmouth; Ursula H.
Feldmier, Edenton; $11 each. j.
F. Toner, Buxton, $35; Nancy L.
Mercer, harrisburg, $25; J. c.
Babb, Suffolk, SIT; Jean S. Grad
dock, Creswell, $12; J. L. Hutch
ings, Fentress, and T. w. Cofield,
Aulander, $13; Robert Lee Daugh-
try, Suffolk, $50; T. G. Craddock,
Stuart, Va. SIT; R. L. Blanchard
70 Norfolk, $11; Clyde B. Collins,
Caffeys Inlet $25 and costs.
For driving drunk, and with no
operators license, Shirley D.
Myers of Norfolk paid SIPS; fol
being drunk in the courtroom in
Manteo, a second offense, John G
Farrow paid $50; or cursing and
disturbing the public; D. A.
Bradley, Pamele, $40.
Richard L. White and Larry
Lane, Portsmouth, Va, youths
were charged with breaking anC
entering a house at Mays Head
but they said they thought it was
a deserted house, and went in
merely TO get some rest, so the,
paid SIS each for trespassing.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10
MISS HAYES. RECENTLY WED
{ HONORED AT TWO PARTIES

Mrs. J. C. Morgan of Bayview
the former Miss Dolores Hayes, Of
/ Belhaven, was recently honored al
two parties.
On Thursday, Mrs. Ralph lark.
ington and Mrs. Roy Boyd were
hostesses at miscellaneous show
er at their home on Pamlico
Street in Belhaven.
A colorful arrangement of pc
tunias decorated the refreshment
table, which held cheese biscuits,
pickles, olives, crackers, cake
squares, and cokes.
Guests were Mrs. Jim Hayes,
mother of the honoree, Mrs. Hat
ton Hayes, grandmother of the
honoree, Mrs. C. B. Tillman, Mrs.
Billy Smith, of Norfolk, Mrs.
Walter Benson, Mrs. Gilbert Rad
cliffe, and Misses LYDIA Mann Bis
hop, Roberta Taylor, Becky Lup-
ton, Glendora Bateman, Dolores
White, Annette Noble, and Mary
Costulis.
On Saturday night, July 4th,
Mrs. Fred Woolard, of Washing
ton, entertained for her sister-in-
law in the social hall of the Bay
view Church. Belhaven guests
We're the honoree's mother, Mrs.
Jim Hayes, and her brother-in-
law and sister, Mr.. and Mrs. Billy
Smith, of Norfolk.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10


Bridge projects approved by the
State Highway Commission fol
Eastern North Carolina will bene-
fit the whole state.
A bridge will be built to replace
the ferry at Oregon Inlet. You
know that bridge will connect you
with Hatteras Island and the TO-
mantic and mysterious National
Seashore Park.
A bridge across Alligator river
Will put the Outer Banks and the
land of the Lost Colony much
nearer to the state.
A bridge across the Cape Fear
at Wilmington will speed a general
traffic pattern of importance to the
Is beautiful and inviting beaches
in New Hanover and Brunswick
Counties.
Eastern North Carolina can add
to it's per capita income quickest
and surest by development of its
resources of travel and tourism and
hunting and fishing. Here is a
great and good gold mine of high
est quality. The three new bridges
will help in that direction.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10
EVERETT GLORY PASSES
in ALBEMARLE HOSPITAL

Everett Glory of Elizabeth City
died Thursday morning in the
Albemarle Hospital, where he had
been a patient for several days.
Funeral services were incomplete
at press time.
Mr.. Glory is survived by his
widow; two daughters, Miss Ann
Glory who is employed by the
Cape Hatteras National Seashore,
and who makes her home in Man.
teo, and Miss Jane Glory of Eliza
beth City, who is spending the
summer in Manteo with her sister;
1t. Wirth Chroy of the U. S. Army
and Wesley Glory of Elizabeth
City.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10
HYDE SEAMAN AFFAIR OFF

PEARL HARBOR (FHTNC)-
Jerry A. Creole, fireman, USN,
son of Mr.. and Mrs. Francis Creole
of 264 New Holland, N. c., is
scheduled to depart Pearl Harbor
Hawaii, July 10 aboard the de
stroyer escort USS Fletcher to be-
gin five-month tour of duty with
the u. S. Seventh Fleet IN the Far
East. The Fletcher viii operate In
Japanese waters as a unit of the
Fleets anti-submarine warfare
hunter-killer group.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10
WRECK
Continued from Page One)

man Hugh Alexander of North
Carolina.
The dead man was the son of
the late Rev. John Alfred FalI'ow
and Mrs. Nancy Jane Miller Far
row. He is survived by his wife,
Mrs. Mabel Osborne Farrow; by
three sons: Erwin M. Jr., Chas.
Clifford, and Leroy Macy of the
home; and a daughter: Mrs. Cur
Ills Scarborough of Hatteras.
Also by brother, John A. Far
row of Severn, Md. and by three
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10
BUXTON PERSONALS

| Mrs. Sybil Folk of Winston-Sa
lem, is visiting her sister Mrs
Celia Barnet.
Victor Robinson visited his
mother Mrs. Patsy Robinson.
Mr.. and Mrs. Keith Gaskins Of
Richmond are visiting her parents
Mr.. and Mrs. Guy Dudley.
Mrs. Hilda Spruill of New Bern
and son Warren, of Calf. are
guest of MIR. and Mrs. Warren
Spencer.
Mr.. and Mrs. Edmond Midgett
had as their guest Capt. and Mrs
Ross Goodwin of Norfolk and
their son Jack Goodwin of Wash.
ington, D. c.; MIR. and Mrs. Muir
ray Casey and daughters, Linda
and Nancy of Norfolk; Mr.. and
Mrs. Charles Braxton of Ayden
N. c., and daughters, Kay, Pat
Gebbie and Robin.
Mr.. and Mrs. Chuck Hack moved
to Ohio, after spending a year
here where Mr.. Hack was with
the Navy.
Mrs. Lorena Hassell of Suffolk,
is visiting her parents, Mr.. and
Mrs. BERTHE Dixon.
Mr.. and Mrs. Arts Whitord
and girls Susan and Debbie of
Norfolk, visited here on the week
end.
Mrs. Bertha Hendricks of Nor
folk, visited her mother, Mrs.
Charlotte Tolson.
Olaf Oslon is visiting friends in
Norfolk.
Mr.. and Mrs. Isaic Williams are
visiting Mr.. and Mrs. Haze
Fulcher and Mrs. Sarah Williams.
Mr.. and Mrs. Alphonzo Hassell
of Suffolk are visiting Mr.. and
Mrs. BERTHE Dixon.
Alum Farrow was home to visit
his mother Mrs. Frances Farrow.
Mr.. and Mrs. Earl Miller of Nor
folk visited Mr.. Millers parents,
Mr.. and Mrs. Edison Miller.
Miss Opal Anderson and John
Taylor of Norfolk visited Mrs.
Eileen Jones, also visiting Mrs.
Jones, was her mother Mrs. Martha
Barnette of Norfolk. Commander
and Mrs. ]. P. Mclean of Scott
Air Force Base, Ill.,, Miss Verna
Ann Perry and Betsy Barbee of
Hartford, and Mr.. and Mrs. Gil
bert McLead of Norfolk.
Mr.. and Mrs. Tom Evans were
home for the 4th of July.
Mr.. and Mrs Elton Barnette are
Mr.. and Mrs. Buckley Bur-
nett.
Mr.. and Mrs. Leon Jeanett of
Virginia Beach visited Mr.. and
Mrs. Raymond Basnett and Mr..
and Mrs. Junius jeanette.
Mr.. and Mrs. Junius Jeanett Jr.
and of Norfolk are visiting Mr..
and Mrs. J. D. Barnette and Mr..
and Mrs. Junius Jeantte.
Mr.. and Mrs. Lee Mccarthy of
Greensboro and 10 other McCar-
thy's of Greensboro, visited Mr..
and Mrs. J. D. Barnett.
Mrs. Celia Barnett's guests were
Milton Barnett, Eldon Barnett.
Mr.. and Mrs. Mack R. Swain
Norfolk, Va, are here for two
weeks.
Mr.. and Mrs. Melvin Braggy of
Norfolk was home for the week
end.
Mrs. Florence Barnett of Nor
folk visited Mrs. Lula Fulcher.
Mr.. and Mrs. Utah Jeanett of
Virginia Beach are at their cottage
here.
Miss Nita Williams is home,
after a couple months.
Mr.. and Mrs. Vernon Lee Perry
were here on the week end.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1959-07-10

sisters, Mrs. Alice Meekins and
Mrs. Mary Scarborough of Norfolk
and Mrs. Annie Gray of Elizabeth
City.
He was member Of the Metho-
dist church at Avon.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
PEOPLE
BUSINESS

Harold p. Braman, who was
executive officer for the Ma
tional League Of Insured Saw
ings and Loan Associations
here for many years. has Or
ganized his own business con-
sulting firm. Braman Washing
ton Associates, with Offices at
608 Thirteenth street, NV.
Lewis NJ. Helm, former
Times-Herald reporter. has be-
come Washington representa-
tive for Sidney J. Vain, Inc.
New York public relations firm.
Alan Lisse was named indus
trial engineer for Drug Fair.
Formerly he was with Reming-
ton Rand. Bethlehem Steel
and Bendix Radio.
Roger d. Allan was appoint
ed assistant manager of the
Homestead at Hot Springs,
Va. and will be in charge of
publicity and promotion.
Philip Smith of Joseph Smith
& Sons. Inc, Washington, will
serve as vice chairman of the
balers committee of the Insti-
tute Of Scrap Iron and Steel.
Kenneth NJ. ClOntz was
named by Vari-Typer Corp. to
serve as sales representative In
charge Of the Foto-List Divi-
sion Of its Washington branch
office.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
CHICAGO
LIVESTOCK

CHICAGO. Mar. - tAPl CUspn-
HOGS 500: active. stef dy - IS higher
on butchers: only steady on 10 under
30 lbs. although these relatively
scarce sn-s steady to strong. in
stances 80 higher on weights 4s0 lhs.
and heavier: ONLY. fair shipping de-
msnd snd al locsl interests in trade
= mostiv =. 1gO-"3n N hn,chers
20 9E-ISh0: several lots mostly 10.
10000 lbs. 10 40-16.65 Srd few
lots mostly Is tHess weights Je"S
- nniyed Ersde "an-as0 lbs. * r.
10 95 few "s ESQ rs siso tGos.
several lots %. 2aO-3"0 bs - 90
( so; . few lots Tnostlv rs 9oO-9sO
Ms - 5O-iS 90: m'~eA grade 3S0-
400 ~ so-7s - Sn-I4. 90: most 4T5-
Cattle 500; e9'vss 100. slHrgF's-
steers choice a~$ hetts- moNe-ate'v
setivs. s'~sSv: st~~rs gooA snd h.lnw
steady ~ so lover Heifs-s pe-rpqs
'~~sr sre4ss s'saS- to -e~~: COWS snh
huUe s'rons - ~ -est's advanc.:
'"sd ~ v-'vsd rNnice ppA ~r'-H" on"
~ Si-n~Nfs- s'~sr- ~ %. fsw .h-~d
choice stesrs YEA -i'n~s ~ 0a-9t %.
's~' '"eS7 Fr~f ~ T~oS'''- eN@'"s ] .o0n-
7 80 II ~'e~vs We nn-o1 90. -.nr'
~o~A ~ nn-"7 80. t,.u''- go s,a,A-~A
s'"'r -" so: q f--- AeaA h'sN r%o'c.
N~'ferF ~ n 90 30. . Few ~h>I"e
~ nn-"~ ~ Few '~ads md 'N.s
~nnA 90 nn-"s 20. v1irt" "rsSa down
- IN nn' "'iiit" ~rA rom~1~~cipi rsws
800 "a c"-~"rs "nA rn''"-:
Nuiis 80 -H-"- ~. -sa's-- $50 Sew-
" '~sS 70 ~~r' ~ eh~'-- mo ~
.-'H,-- s'e"rr $50: sood sOO-l .0on
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
Higher Postage
Rates Boost
D. c. Receipts

Washington postal receipts
rose TO $5.475.969 in the first
two months Of this year. q new
all-time record for the period
and 1914 per cent above $4,-
582.975 a year ago. reported
Postmaster Carlton O. Beall
today. Higher postage rates
were a major factor.
February receipts Of $2.742,-
SOC were UP 29.5 per cent from
$2.ll7.l48 in February last year
and also we're the highest on
record for that month.
Rejecting steady growth OF
the National Capital as well as
higher rates, the latest totals
contrasted with 1854 when
two months receipts aggregated
So, 920,586 and February's
amounted to $l.928.763.
In l949, two months re-
ceipts totaled $2.975.839 and
those for February totaled
$l.4l7.746.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
NADIA Seminars Helping
Dealers Meet Problems

The National Automobile
Dealers Association, which has
headquarters here, is carrying
on an interesting series Of
seminars on dealers problems
in Washington and other cities
"A two-day session on the
management of statesmen at the
association headquarters next
Tuesday and Wednesday is
typical. Since the years start
seminars have been held here
also on imported cars. leasing
and renting, and used-car mer-
chandising. Coming are others
on truck leasing and rentals.
expense controls and parts in
vertory control.
The seminar next week will
attract around so dealers from
various cities and Hugh r.
Gibson, president of Central
Chevrolet. Inc. Cleveland d,
Ohio, will be chairman. Some
Of the seminars are Ne ng he'd
in other cities. but most OF
them are here.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
Northwestern
Federal 10
PaX4Pet.

Directors Of Northwestern
Federal Savings and Loan AS
ISOLATION have decided to in
crease dividends on invested
capital to a rate Of 4 per cent a
year from 394 per cent paid
previously. 1t was learned today.
The board action was taken
late yesterday. Northwestern
has paid semiannual dividends
Of ga per cent plus a year-end
extra Of "a Of l per cent in the
past.
However. a quarterly pay
ment at the old regular rate
will be paid for the quarter
ended March 81 and the asso-
citation in the future will pay
quarterly dividends.
Beginning with the quarter
ended June 80. the quarterly
payments will be at the 4 per
cent rate.
Northwestern Federal be-
comes the sixth Washington
association to lift dividends to
4 per cent In recent weeks. Be-
fore the current movement
started. two associations had
paid the 4 per cent rate for
more than a year.
A number Of associations In
nearby Virginia and Maryland
also have paid 4 per cent for
some time.
Generally higher interest
rates. and the recent increases
in discount rates of Federal
Reserve Banks appear to have
weakened the resolution of a
number Of associations here to
resist a tendency toward divi-
dend rate competition.
In these cases. the thinking
seems to be that If higher rates
are coming anyway a rate in
crease becomes advisable in
order to avoid losing funds to
competitors.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12

months, compared with $685.
025.97l Of financing on l,473
properties in the same 1858
neriod.
The District recorded 1886
rev deeds representing trans
fers of properties in the two
rponths compared with 2,078 in
the first two months of 1858.
Foreclosures in the two months
aggregated Ito. compared with
1913 year earlier.
In February alone, first mort
cages numbered TAT and
amounted to $l3.325.04l, COM
pared with $40 and $26.S08, OIL
in January and 683 and So
0s7.8l0 in February last year.
Deeds of property transfers
In February totaled 1919, COM
pared with l,l57 in the prev
ious month and 89l in Febru-
airy last year. February fore
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
The Federal Reserve Boar

The Federal Reserve Board
has frightened credit again.
1t did this by increasing the
interest rate 1t charges the ma
TONS banks for loans from the
system. Thereby 1t gave the
signal TO its member banks to
charge more for loans they in
turn make to you as a business
man or as an individual con-
sumner and 1t set the stage for
another round Of borrowing
rate increases up and down the
line.
Why?
This is a strong anti-infla-
ton step. Why this move at a
time when unemployment is
intentionally close to S mil
lion and a governor Of the Fed
eral Reserve Board openly ad-
mits the high level Of jobless-
ness is "a social. political and
economic problem" today?
The first key point is that the
Federal Reserve System is not
fighting actual, serious infla-
ton. There isn't any actual,
serious initiation now.
More specifically, the prices
we pay at retail for food. most
major products. have been
holding steady in a compare
lively narrow range and there
have been few big upswings in
other price areas. There's lots
OF excess capacity in many
lines of industry and most cor
porations could turn out more
goods II the demands we're
present. There are no signs
that consumers are taking of
on a buying splurge, no signs
that business will boost its
spending on new plants and
equipment for some time. The
auto industry is hardly BOOM
ing, housing isn't in a runaway
advance.
And then there is unemploy-
ment, dismayingly high in
some key areas. And even in
regions which are prospecting,
there is proper worry about the
general economic impact-as
well as simple human mean
ing-of millions of jobless at
this stage of a business ad-
vance. and Of no prospect for
a big drop in the totals until
the economy is considerably
boomer.
No. Regardless Of what you
may think the White House is
saying about imitation or how
you interpret the repeated
warnings of leading Washing
ton Iolicy-makers, actual in
fiation is not our problem to-
day.
What. then, is the explana-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
Bank Mergers Obscure
d. C. Clearings Trend

Three bank mergers since
this time last year have thrown
comparisons of District bank
clearings with q year ago out
Of gear.
Clearings for the first two
months Of 1859 totaled $l.l25.-
5l9,276, down around 4 per cent
from $l.l70.4S2.004 a year
earlier. February clearings Of
1922, 350,478 were of around
0.07 per cent from s522.7l0.682
a year earlier.
Because Of the shrinkage in
the number Of banks. the clear
ings at present are not a true
indication Of banking activity,
said william N. Cradlin. man
ager of the clearing house.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
Dalton Finance Files
$4,000 Debentures

Dalton Finance. Inc, Of
Mount Rainier, Md, has filed
a registration statement with
the Securities and Exchange
Commission covering proposed
Offering Of 100000 Of z per
cent subordinated debentures,
due January 2, 1874. with at
tached warrants for the pur-
chase of 100000 shares OF
Glass A common stock.
The registration statement
covers the 100000 class A
shares plus an additional A.
900 shares issuable on exercise
of warrants attached to out
standing debentures.
Debentures will be offered
in units of $500 of debentures,
with warrants, at $500 per
unit, with a $50 commission
to underwriters.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
New Bank Branch Plans
Later Working Hours

Late opening and closing
hours will be featured at the
new branch of the Citizens
Bank Of Maryland in Prince
Georges Plaza Shopping Center
at Hyattsville. Md, which
opened today.
President Alfred H. Smith
said the branch will be oper
from 10 am. to 8 pm. or
weekdays and from 10 am. tt
noon on Saturdays.
Harry F. Breitbach, assistant
vice president. is manager Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-12
YOUR
MONEYS WORTH
Psychology of lnfIotion'
~ SYLVIA PORTER

ton for the tightening Of the
credit screws at this datep
The answer is that the Fed
eral Reserve System is trying
to fight a psychology Of infia-
tion--a spreading conviction
among increasing numbers Of
businessmen and wage-earners
that prices and wages soon are
going into another leapfrog
upswing and the dollar is
doomed to lose buying power
rapidly and steadily.
1t Is this psychology which
has been behind much of the
indiscriminate buying in the
stock market in recent months.
In a sense, this buying has rep
resented a fight from the dol
lar and 1t is unreasoning, 1t
Is dangerous. it is destructive.
1t is this psychology which has
caused investors to be indiffer-
ent to new Government securi-
ties. 1t is this psychology which
analysts fear may lead to I'M
sound increases in wages, prices,
wild buying.
Reserve Board Chairman
Martin has stated fatty that
the "infiammable finder" of in
flation is all around us" and
the speculative psychology so
clearly evident could spark an
initiation nlowoff at any time.
He has said that only proper
public and private actions"
could avert this blowoff.
Thus the tightening of the
credit screws. 1t is a signal
that the Reserve System in
tends to fight aggressively the
psychology Of imitation, that it
is determined to get in
position to combat infiationary
forces themselves whenever they