davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
Ian ordinary business exnensa

an ordinary business expense
or compensation.
II you are a sole proprietor
or partner. you can't take adj
vantage of these fringe bene-
iits because you are not an
employee. To get these and
other fringe benefits, you well
might consider incorporating
your business and electing not
to be taxed as a corporation.
This so-called "pseudo-corp-
grafton" election would make
you an employe of your own
corporation and thus eligible
for fringe benefits, while the
tax on your business income
would be the same or possibly
less than you pay as a pro-
prietor or partner.
Distributed 1889 By The Han syndi-
cate Inc. All Rights Reseryedl
Tomorrow: New Deduction
for Education Expenses.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
FOREIGN EXCH'GE

NEW YORK, Feb. 10 lAP). -Foreign
exchange rates, Great Britain in dol
lars others in cents unbalanced unless
otherwise noted.
Canadian dollar in New York open
market, 2 1882 per cent premium OF
l02 467s o. S, cents
Europe Great Britain (pound)
?.S0-3l ~, up Ll32; 3O,day futures
.SOis up k32; e0-day futures, 2.S0s4,
vi 1872; Belgium (franc), 200; France
(trancl, 20is Germany western
tdeutsche mark, 2392l2: Holland
Cguilder), 2649, OF ,00ls; Italy Qira).
1914: Portugal (escudol 3 oil Sweden
Ckrona), 1884 Switzerland franc)
freei % 10; Denmark (krone), 1852
Latin America: Argentina free
SO; Brazil (free), 10: Mexico, S.02;
Venezuela (bolivar), 1899.
Far East: Hong Kong dollar, 1880
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
Life Insurance Tax Bill
Approved by House

The House yesterday passed
the Life Insurance Company
Income Tax Act of 1859 and
sent the bill to the Senate for
consideration by the Senate
Finance Committee. House ap-
prevail was by voice vote.
The bill is expected to result
in around $545 million in Fed
eral income taxes being paid by
life insurance companies dur
ing the 1858 calendar year,
commented the Institute of Life
Insurance today.
This would compare with
$500 million which would be
paid if the 1912 formula were
continued, or 1919 million if
the 1855 stopgap formula were
made applicable, it added.
About 70 per cent of the
$545 million provided under
the bill for 1858 would be paid
by mutual insurance companies
and the remaining % per cent
by stock insurance companies.
For 1859 it is expected that
under this bill life insurance
companies will pay about $685.
million in Federal income taxes,
without taking into account
collections to be derived from
the tax on distributions or the
tax on capital gains.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
GIN Earnings
Show 25Pct.
Drop in So

DETROIT, Feb, 10 (AP).-
General Motors Corp. reported
net profit last year of 1894 mil
lion. The financial statement
reflected substantial improve
ment in the final quarter of
1858.
OF the years total income,
$235 million was earned in the
final quarter Of the year.
The earnings for the full
year, equivalent to 1922 per
share, compared with $844 mil
lion Of $2.49 per share in 1857,
q drop of Is per cent.
Earnings for 1858 came from
net dollar sales of $9,522, 900, :
900 compared with $40, 800, 000,-
900 in 1857. Sales of defense
products accounted for 5 per
cent Of total net sales, the same
proportion as in each OF the
preceding two years.
The statement, issued by
Frederic G. Bonner, chairman,
and John F. Gordon, president,
said demand for cars and trucks
began to reflect generally i'm
proved business conditions dur
ing the fourth quarter of 1858.
overall, the outlook for
1859 is encouraging" they said.
with the economy expanding
and opportunities for business
increasing, there appears to be
a sound basis for the belief that
confidence of businessmen and
consumers should continue to
rise. AS this occurs, the upward
trend of industrial activity and
employment should continue,
a 1859 a year of good
business generally and an i'm
year for the automobile
industry"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
B&O Reports Loss
Of ST. Million

BALTIMORE, Feb. 10 (AP)
The Baltimore and Ohio
Railroad said it lost about
$1,715,000 in January because of
a combination of low traffic
and extraordinarily high oper-
ating expenses"
The loss compared with a
net income of $632,OOO for
January, 1858, the railroad said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
S-P Studies Merger

NEW YORK, Feb. 10 (AP).-
Studebaker- Packard Corp. has
been talking with officials of
Dlvco Wayne Corp. over a
possible merger, A. M. Soma
bend said yesterday. Mr.. Son.
nabend is head Of the acquisi-
ton committee of the auto
maker.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
StOtt e. Co. to Move
Alexandria Branch

Chas. G. Stott g. Co., 10
year-old Washington office
supply firm will open new
quarters for its Alexandra
branch store at 422 King street,
next Tuesday.
The branch formerly was at
I'LL King street and is man
aged by H. E. Bosworth, who
has been with the firm more
than 30 years.
The company was founded
in 1888 by Chas. G. Stott, who
turned over the management to
his son, Chas. A. Stott. 1t
now has five stores, three in
Washington and another in
Silver Spring.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19

Accident and health insurance
coverage is another valuable
fringe benefit for employees, in
GLIDING executives and owner
officers of closely-held corpora
lions. The employer pays. I'M
der a plan" for covering the
employees, their wives and de-
pendents and gets a tax deduc-
ton which cuts his out-of-
pocket cost. On the other side.
the employers payments aren't
taxable to the employe.
This two-way tax break was
created by the 1854 Tax Code,
but 1t wasn't until last year
that the Treasury confirmed
the many things which can be
done within the meaning of the
word "plan"-and thus indi-
Gated it was viewing this tax
break literally. Here are the
highlightS:
You can cover only one en-
ploye and still have a plan. You
can use individual policies I'M
der a plan. You can have diff
ferent plans for different en-
ployes. You don't have to COM
nit yourself to continue the
coverage. You don't even have
to put the plan in writing.
But the Treasury does insist
the plan meet three tests-none
of which is difficult.
Tests Outlined
The employer must not be
the beneficiary of the insur-
ance, directly or indirectly; the
employe must actually own the
pollcy Denef1tS.
The premiums must be paid
by the employer for the en-
ploye'S personal services; you
can't cover some cone who
doesn't really work for you.
The premium payments,
when added to the employees
other pay, can't exceed reason
able compensation for the en-
ploye's services.
In dollars, here is what this
means. An executive in the so
per cent tax bracket is now
personally carrying health and
accident coverage which costs
him $500 a year. To pay that
$500, he must use up $1,000 of
earnings $500 goes to U. S.
taxes). If. instead, his employer
took over the policies under a
health plan and paid the $500,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
Capital Banks Improve
National Rankings

Washington banks improved
their national Rankings SUBJ
stantially in the recent roll call
of the American Banker.
First National Bank with
$38,643,913 of deposits or
December 81 ranked 615th, up
II places from a year earlier.
Bank of Commerce with
$33,113,621 of deposits ranked
725th, up 81 places.
Anacostia National with
$25, 060,349 of deposits ranked
956th, a gain of SO places.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
BALTIMORE
MARKETS

Quotations supplied by the United
States Agriculture Department:
Livestock Markets
Cattle, 900, and calves, 100; small
lot 1,176-lb choice slaughter steers
800; two small lots 940-l,152 lbs
- h good, 261j-27 so; bulk 975-l ,213
lbs. rood. 26.00-5O: one lot 1,lO3 lbs
high standard to good, 1925; utility
ows lS50-2O. 90; high utility scarce
few head standard, 200: Gamers and
cutters, l6.50-l9.00, mostly 1900 and
cutters down to 81 90; few head no.
22O-lb choice vealers, $500
HOES. 700: o. s. Nos l-2 and Nos
Is, 19O-925-lb butchers, l6.50-75;
one iot Nos % 201 lbs, 1880; small
lot No 2 o3O lbs, 1925
Sheen :: no sales
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
American Investment Life
Adds Two Directors

John D. Wright, Baltimore
tax attorney, and Frank S
Smith, ST., investment banker
of Columbia, S. c., were added
to the board of directors Of
American Investment Life
Insurance Co. of Nashville
Tenn.
Board Chairman George P
Marshall also announced an
increase in the board from 81
to % and election of Victor P
Tabake of Atlanta, Ga, as vice
chairman.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
POlytrOnic Board RenameS
Thomas President,

Thomas L. Thomas has been
reelected president of Poly
tronic Research, Inc, by a new
board of directors after proxy
battle at the annual stock
holders meeting.
Mr.. Thomas succeeded Don
Widmayer, who displaced him
when a group headed by Mr..
Widmayer took over control of
the firm last December. The
Widemayer group lost the proxy
battle Monday night and the
stockholders elected the new
board.
John o. Frazier was elected
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19

treasurer Of the firm and Mrs
Patricia S. Talarico was named
secretary. James H. Brink was
appointed sales engineer and
Frederick Uccelline, a director
was named production engi-
neer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19

1t would be as II the employe
got $1,000 which he would have
spent on $500 Of insurance and
taxes, except that the employer
now has another $500 he can
give the employe as cash COM
pensation. II he gives it, the
employe winds up with the same
insurance for which he had
previously paid, plus $3.50 $500
less $3.50 in taxes).
For owner executives of
closely-held corporations, the
tax breaks provided by law are
subject to some Treasury lin
itations. II you intend to bene-
At from having your company
take over your present health
and accident coverage or buy
it for you for the first time, you
may run into trouble with the
Treasury if you cover only
yourself. To avoid this danger,
cover some Of your other en-
ployes as well.
To make this fringe benefit
even bigger, some firms. in ad-
dition to taking out accident
and health policies, agree to
pay the uninsured medical ex-
penSes of the employee and his
family. Such payments to the
employe are deductible by the
employer but are not taxable
to the employe.
For instance, a company's
executives earn SIS, 900 or more
a year. The firm pays premiums
for disqualification for all en-
ployes and for major medical
expense insurance on the execu-
tiveS.
Executives Reimbursed
The average unreimbursed
medical expenses incurred by
each executive and his family
come to about $1,000 a year.
The executives find that they
are generally unable to deduct
any Of this amount for tax
purposes because of the two
medical deduction exclusions
in the law. The firm, therefore,
agrees to reimburse each execu-
tive for all his uninsured medi-
cal expenses up to $1,000 a
year.
This can give each execu-
tive an extra fringe benefit of
tax-free income worth more
than a $4,000 raise in pay. The
firm deducts the payments as
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
'' Il BUSINESS
Security Bank Lifts
Dividend as Net Rises
BY DONALD b. HADLEY
star Financial Editor

In view Of satisfactory 1858 earnings directors OF Security
Bank have increased the semiannual dividend
or $3.50 share President Francis G. Addison h
today.
The bank paid two semiannua dividends Of s per cent
each 81 IS share in 1858 plus year-end dividend of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19
TREASURY BONDS

NEW YORK. Feb. 10 lfAPj.-Yester.
DAYS CLOSING overthe-counter U. S. Gov.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-19

PRICES quoted m dollars and thirty
seconds
=. Subject TO Federal taxes but not to
State income taxes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-06
Sept. 6-Sept. II

lo;@o-Ihs Wsoihsr Girl --------- u
lo'~5-Ihs Three Sioosss -------. -
Hoo MeSis' Best Foot Ferward' u
ll'2o-MoNis; Kings Row" -- z
l'os-mevis, The Undyins Monster u
l;2o-sassbeIl Seersboard u
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-06

THE SUNDAY STAR, WASHINGTON. D. c
September 8, 1852
Kodiak mirror., 1959-01-31
Letter From The Nations Capital

Among bills which Sen. Earnest Gruening has agreed to co-sponSor are the following: With Sen. Murray (and otherS) bill to per nit the free marketing and owner ship of gold and directing the Secretary of the Treasury to pay $7O per fine ounce for all gold domestically mined and rendered to the Treasury.
 With Sen. Bartlett, joint resolution to have the first official flag of the United States bearing 49 stars which is flown over the west front of the Capitol to be presented to the senators and representatives from Alaska. They in turn would present it to the University of Alaska. " 7."s'7~ssS x
 With Sen. Bartlett and Sem Magnuson, bill making unlawful the importation into the United States of salmon taken by nationals of any country permit ing fishing for salmon by gill nets at times and places where large quantities of immature salmon of North American origin, or of mix
Kodiak mirror., 1959-01-31
VETERANS MAY BORROW ON PERMANENT GI INSURANCE

Veterans holding permanent CT life insurance don't need to sur render their policies for cash in order to raise money urgently needed during financial emer- gencies.
 Veterans Administration said these veterans may borrow up to 94 percent of their policies cash surrender value.
 Although this action reduces the amount of protection for the veterans beneficiaries by the amount borrowed, it does leave the policy in force, VA explained.
Kodiak mirror., 1959-01-31
AnthropoIogists 10 Probe
 Anton Larsen Bay

An ancient Eskimo village site may yield its secrets to team of amateur excavators this summer. Anthropology Section chairman Donald Clark told the Mirror to- day that the Kodiak Historical Society is making plans for a "dig" at Anton Larsen Bay.
 Clark stated that in February he will call public meeting of the Anthropology Section to ex- plain the archaeology project and organize a tentative staff. Actual excavation is scheduled to begin Tn April or as soon as the weather permits; however, prior to under taking field work, project mem berS will meet to discuss methods and objectives of archaeology.
 Last August the Historical Society applied to the Interior Department for an excavation permit which was granted late in October, at which time it was not feasible to start field work.
Kodiak mirror., 1959-01-31
PROPOSAL INVITATION

The School Board of the Kodiak Independent School Dis trict invites proposals for the. operation of transportation routes to serve the Kodiak Public School for the school year beginning July l, 1859, and ending June 30, 1860.
 Information on routes to be served, number of pupils, etc, rules and regulations, etc., Trans portation Proposal Form, Contract Form, etc, may be secured from the Superintendent of Schools, 20. Box 886, Kodiak, Alaska"
 (S) Dorothy Clark,
 Clerk of the Board Publish Jan. 31, Feb. ' & IA, 1859
Kodiak mirror., 1959-01-31

ed North American runs, occur.
 With Sen. Kennedy (and others) bill to strengthen the nations u e m p oym t compensation system. Under the provisions of this bill there would be establish ed national standards governing maximum and minimum weekly benefit amounts, the duration of benefit payments, and the condi- tions for determining eligibility and disqualification.
 With Sen. Long (and others) bill to give veterans of World War II and the Korean War a second chance to keep their national service life insurance.
 With Sen. Johnson (and others) a bill to permit Federal civil ser wants to retire at any age after 30 years of service.
 With Sen. Douglas (and others) bill to provide for an area see0nomic redevelopment program. This would establish a broad pro- gram of loans and grants to- re develop industrial areas which had had substantial and persistent unemployment over an extended period.
 National banks in Alaska would be included in a new 18th Federal Reserve District according to the letter, with headquarters at Seattle, under an amendment to the federal reserve act introduced last week by Senators Warren G. Magnuson and Henry M. Jackson of Washington.
 An administration sponsored airport aid bill, introduced in the Senate last week was sharply criticized" by Sen. Gruening. The bill would authorize expenditure of only $200 million over the next four years instead of $575 million over the next five years. as pro- vided in the Democratic-sponsored bill, of which Sen. Gruening is one of the authors.
 The Eisenhower bill would provide only 50-50 matching funds in the case of Alaska. Under the Democratic bill, the deral government would pay 75 per cent and Alaska g per cent of 4he cost of airports in the new state.
 Senator Gruening's staff has scheduled a meeting with repre- SentativeS of the Interior Depart ment to discuss complaints, of homesteaders on the Kenai Penin. sula over having to waive oil and gas rights in order to obtain title to their homesteads.
 Hearings on power need s 7 throughout the West, including Alaska, have been scheduled for Feb. 13 and IA by the Senate Interior and Insular Affairs Com mittee, of which Sen. Gruening is
Kodiak mirror., 1959-01-31
NOTICE

CHRISTIAN SCIENCE church services are held each Sunday morning, at II o'clock, in the Cha. pei Annex, on the Naval Base. For information or transportation call 3184 or O-386. tfn
Kodiak mirror., 1959-01-31
NOTICE

Dr. E. E. Bach, Optometrist will be in Kodiak to do Eye Examinations on February through the l2th. For an appointment call Mrs. Carl Huer at phone s451.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-15

at" with Bedford Forrest, the
Confederate cavalryman VINO
always believed in "gittin' thar
fustest with the mostest."
Sow Belly and Coolers
Quoth DR.. Wiley:
Sens I've jined up with this
organazahun / hav bin asked
to rite a little wurd about our
purpos &c. So I'll lay aside my
eatin of lunch of SOW belly and
COOLERS to hold foarth briefly
doant max much difrens about
layin aside the vittles as we'll
be ahavin the same for super.
We folks hear in the
Washington Sivil War Round
Table is jist atrying to doc
whut grampapy Recommended
gitin together ockashunly to
tayk over old times, hav a It'll
How Cum You So, glory in the
valyunt conduct of both sides in
the finist war that ever wuz and
bid on the foundashun of tibet
experience to make of this
united cuntry the gratist nash
I'm in the wurld."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-15
Shea Cites
Cycle of
Alcoholic

THE District can offer prac-
tically no treatment to the skid
row type of alcoholic" Welfare
Director Gerard M. Shea said
last night.
The majority of the city's
alcoholics, Mr.. Shea said, move
in a continuous cycle from the
community to the workhouse,
and back to the community"
Among the hardest nit by
this situation are the Districts
10000 dependent children, Mr..
Shea told the Midway Civic AS
ISOLATION.
The rapidly growing depend
ency problem already is over
taxing welfare facilities, he
said, and lis virtually over
whelming U.S."
Mr.. Shea suggested that in
stead of treating the very old
and very sick alcoholics, the
city concentrate on an IAN
aggressive program for helping
the young alcoholic"
The welfare director saw il
legitimacy as another major
social problem in Washington.
He said the trend, accounting
for more than half of the city's
dependency troubles, is under
mining family life in a large
segment of the District.
Mr.. Shea recently suggested
increased recreation as a
preventative measure to the
City'S Social Problems, but said
the basic problem is apathy.
There is very little we can dc
If the people simply don't care"
he said.
The association met at Nor
gan School, Florida avenue and
California street NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-15

Civil War Round Tables an
ndal gold medal award. The CT
tation mentioned his special
achievements" in chronicling
the lives of the plain soldiers"
Of that war.
The plain soldiers" Rebel
and Yankee, knew DR.. Wiley
would express his thanks for
the honor by telling the more
than 300 descendants Of theirs
gathered in the National Press
Club auditorium what fine lads
they were who settled the Ma
tons differences from 1851 to
1865.
Letters and Diaries
DR.. Wiley did so by quoting
the sentiments expressed by
the troops of the Union and
the Confederacy in their let
IeTS anu uldTleS.
To express his pleasure over
the presence of ladies at last
nights session-the opposite
sex may attend round table
meetings only once a year here
DIR. Wiley quoted a favorite
passage. It came from the
pencil of a Minnesota infantry
man. The footsoldier wrote:
II should like soldering
better if the girls could go
along, too"
DR.. Wiley spoke also of a
soldiers fear in the face of
death. He recounted an entry
in the diary of a Reb who had
seen a terrified rabbit scamper
through a field at the height of
battle.
GO to it, Molly Cottontail, &"
the soldier wrote. I'D go right
with you if it wasn't for my
folks"
1t was this sort of pride in
self and family that gave most
of the Civil War troops the
courage to keep going, DR..
Wiley said.
Borrowing some spellings and
grammar that appear in the
10000 letters and diaries he
has edited in the course Of his
scholarly career, DR.. Wiley
addressed a special message to
the award dinner gathering as
the grandson of a man who
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-15
Civil War Unit Honors
Plain Soldier Historian
BY John w. STEPP
star stan Writer

Johnny and Billy Yank crouchng behind all the silent
klt unstled breastwoks of the American Civil War; must
spat and breathed grateful word last night
Bell Irwin Wiley, their chronicler, speaking
their praise again.
The occasion was special for Dr. Wiley-and them.
Emory University historian receiving the District
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-15
Good Truinino

DELAWARE, Ohio CAP).-
The State Girls Industrial
School near here may be the
only institution of its type in
the Nation to have a Girl Scout
troop.
The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1959-11-12

AMIGO Club
The AMIGO club meets with
Mrs. Esther Kirkland Tuesday
evening, November II at
o'clock.
The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1959-11-12

Profit g. Pleasure Club
On November 1S Rhoda AlthauS
will be hostess to the Profit and
Pleasure Farm Women's club
with Jayne Mcdowell in charge
of the music. Rosamond Mar
shall will discuss the topic Our
Heritage in American Music"
Farm WOmen's Improvement
Club
An all day meeting will be
held November 10 at the home of
Mrs. Lulu Spallinger. Thanks
giving Thoughts" to be given by
Effie Pfeiffer, Sadie Wingate and
Clara Andrews.
The Bluffton news. [volume] (Bluffton, Ohio) 1875-current, 1959-11-12
BluftOnite On
Army Maneuver

Army M/Sgt. Elmer E. Burk-
holder Jr., whose parents live at
103 E. Elm street, Bluffton, was
scheduled to participate with the
4th Infantry Divisions Head
quarters company in Exercise
Dragon Head at Fort Bragg, N.
c., Oct. 26 Nov. 9. Sergeant
Burkholder and other Headquar-
ters company personnel were
flown to the North Carolina fort
from their permanent location at
Fort Lewis, Washington.
The 4th Infantry Division, a
major Strategic Army Corps
(STRAC) unit, constantly main
tains an immediate readiness
force for airborne deployment to
any area in the world.
Burkholder is regularly assign
ed as platoon sergeant with the
company at Fort Lewis, Wash.
He entered the army in 1912.
His wife, Elsie, lives in Ia
coma, Washington.