davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
YOUR
MONEYS WORTH
Who Gets the Income GRAVY?
DV SYLVIA PORTER

wages, salaries and fringe bene-
fits. you are now getting almost
II cents of every 81 Of the ma
tional income.
This is the highest ratio ever,
compares with a slice Of IS
cents at the end Of World War
II. Wage rates have climbed
faster than the national in
come In the past 10 years.
Fringe benefits and social in
surance have added to the en-
ploye's share.
II you're In the unincor-
porated business and profess
sional group. you're getting
only 8.6 cents Of every 81 of
the Nations income.
This is the smallest slice
going to your group since the
depression '30s. compares with
almost Is cents in 1916. And as
Prentice-Ha emphasizes, the
relative squeeze on small busi-
ness indicated by these figures
would be even more evident if
professional income-which. on
the whole. has been rising
we're treated separately"
II you're in the farm group,
your take is just under 4 cents
of every 81 and even this is
high" compared with the all
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
Merger Approved
By Stote Loon
And Lincoln

Merger Of State Loan a.
Finance Corp. and Lincoln
Service Loan Corp. was APP
proved by stockholders Of the
two firms in separate meetings
yesterday.
The proposal was approved
by 80 per cent Of State Loan
shares and So per cent of Lin
coins shares.
Lincoln Service holders will
receive one and three-eighths
shares Of State Loan for each
OF their present shares. Lin
coin preferred shares will be
exchanged for State Loan pre-
ferred on one-for-one basis.
The consolidated company
will operate as State Loan ~
Finance Corp. with assets of
more than Silt million and
more than 800 Offices through
out the Nation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
World Bank
Will Remodel
Offices Here

A two-year reconstruction
lob for the International Bank
for Reconstruction and Devel-
opment at 1918 H street, NV.
and involving the old Hurley
Wright Building that adjoins
it on the east. was announced
today. The price involved was
not made public.
The Washington architec-
tural firm of Chatelain, Gauger
81 Nolan. 1882 X street. NV.
has been engaged to supervise
the job.
Under the program, Leon
Chatelain. jr. explained, the
Hurley-Wright Building will be
entirely Quilted. The exterior of
this building will be redesigned
and resurfaced to conform to
the walls OF the International
bailk pullulng.
The two buildings Will be
connected at the third tioor on
up, with a driveway between
them at ground level
Mr.. Chatelain said the pres
ent international Bank build
ing also will be revamped to
provide a new board room and
new executive Offices. The Hur-
ley Wright Building will have
various public rooms including
a cafeteria, dining rooms and
other facilities, under the re-
construction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
Rure Howuii Bonds
Draw Spirited Bids

NEW YORK. Mar. II APP.
Spirited bidding today for
marked the auction Sos million
of Territory of Hawaii i'm
provement obligations, a rare
tax-exempt bond bearing a
double exemption.
The top bid was rendered by
a syndicate managed by c. j.
Devine & Co. 1t was l00.2699
with a $50 per cent coupon,
setting II net interest cost of
1926 per cent.
Investor interest is especially
keen about the Hawaii bonds
because of their unique status.
Bonds issued by State and local
governments are not taxable
as to interest by the Federal
Government but they are sub
ject to income tax by the in
dividual states. Territorial
bonds. however. are exempt
from State taxes as well.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
CHICAGO
LIVESTOCK
CHICAGO. Mar ~ fAPl CuspAl-

CHICAGO. Mar II tAP) CUsDAD.-
HogS. 900: slow ron
later trade moderately active, uneven,
S 20 io 90 mo. mostly 49,: - to 20 o." =.
lower: No ! butchers under 30 ID
relatively scarce: 3, mostly %, mixed
GRACE igO-23O-lb. butchers, TO- 20
1920; few hunder IL l9O-22O lbs
l6.50-l6.75, and few lots. mostly is
Is 300 lbs II 90; few lots Is 200.
$50, lbs, down to 1900; ~ mixed
grade 240-21O lbs. l5.75-l6 %; scat.
tered lots 2-3 2S0-301 lbs 1895.
1915; mixed Grade 35O-4OO-lb. sows.
IA 90 .5oi 400-550 lbs. l3 90 "a %.
ter steers. heifers and cows slow. steers
uneYenly steady to rs lower, mainly
weak to 30 lower than Mondays aver
age market; heifers also weak 70 SO
lower; coEs steady to IS lower bulls
srs and feeders fully steady; several
slaughter steers. 32.;5-34 90; few loads
nigh choice and mixed cho:re arc
prime steers, 30 1872 %; bulk choice
s sood ,S y 569,.s co. lOsd lots mxee
1000 1000 r Steers 90 G s.and esl55
garde. :.3,5u-.5 30; load I,O:5-Ib cut.
ter and utility Holsteip steers, % 40.
few hea dprime heifers. 30 so: load
b &c, eho, ss heisers, 2759.2S;5o: good
standard, 30 0O..4 90: utility and conc opo
mercisL largely IsS0-30 SO; Gamer,
and cutters. l6.75-Iga5: l..lity anc
low commercial bulls. 80 5O-25 %.
most standard and good veslert, %. 90.
3 300; Gull and utility l5.00-26. 90
rs 90 load good SOS lbs - 90; lev
~ 40.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17

time low Of 80 cents farmers
were getting In 1857.
Although the decline has
been partly cushioned by the
drop In the number of farm
owners. the statistics underline
the fact that farmers have been
the main laggards in the
economic progress Of this era.
II you get interest on money
you have to lend or invest,
! you've made a major come
back since the 40s and your
share is now 81 cents of every
81 against 90 cents in l949,
a scant IL cents in 1916.
Receivers OF interest are far
from the "fat cats" they We're
in 1929 or even 1899, but
they've made an impressive re-
covery.
II you collect income from
rents, your share Of each 81 Of
gravy has stayed about the
same throughout this entire
period-3.4 cents.
And finally, If you're in the
management group most con-
cerned with corporate profits
before taxes, your take is now
10.1 cents Of every 81, the low
est of the postwar period and
comparing with a slice Of al
most II cents in the Korean
war year of 1850, 1875 cents in
! 1916,
Just as there is no mistak-
ing the relative gains of wage
earners in this decade, so there
is no denying that the relative
take of corporate profits has
dwindled.
And that's the story of who's
getting what of the gravy. The
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
.'' n s'.BtzszNEs,s
Capitol Bank Deposits
:Up So Pct. From 1858
BY DONALD b. HADLEY
star Financial Editor

Deposits Of Is Washington banks and trust companies
down slightly from their ame peak December 81. but
an impressive So cent ahead Of and the
highest on record for this time Of year.
call for condition Of national banks of March IL
issued today by the Controller Of the Currency and preliminary
data from the banks total of compared
with 81 964 December 81 and 81 March
last year date of the corresponding 1858 call
All but one Washington bank showed gains from year
Ago. Largest increase in dollars $20760 Ole at Riggs Ma
tona followed by of $17sO9675 American Security
d Trust Co. The Riggs total included figures for the
merged Lincoln National and the A. T. total included
year totals Of the merged National Metropolitan Bank.
National Savings & Trust had gain Of Ill from
year and Union Trust showed increase Of $85ll4
gnion Trust totals included figures for the merged
Munsey Trust.
Other gains from City Bank $5192l89;
Security Bank $785 $685. Bank of Commerce Ana
costa National $2923 $685. McLachen $2628459 First Ma
tonal, $24s266l. National Bank of Washington had de-
crease of So 202,65
Preliminary totals for March H. which subject to
vision later compared below with those for December 81
and March 4. 1858:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
L. Frank Co. Opens
Another Branch

L. Frank Co.. which has oper-
ated a downtown Washington
store for more than IS years,
has opened another suburban
branch In Prince Georges Plaza
at Hyattsville. Md.
This is the company's fifth
suburban branch. and a sixth
is expected to open this fall. A
seventh and eighth are being
planned. said S. M. Winkler
general manager.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17

Are you among the groups
getting an increasing share Of
the income gravy?
You are II you work for a
wage or salary and get fringe
benefits; your share of the ma
tional income-the gravy
is now at the highest level on
record. You are not II you get
an income from a farm you
own.
You are getting a substan-
TALLY bigger share of the Ma
tons total income II you re-
ceive interest from money you
have out on loan. II you own in
terest = bearing mortgages or
bonds; your take has more than
doubled since World War II.
You are not If you are a small
businessman or a professional;
your slice Of the income pile is
the smallest since the great de-
preston of l929-32.
During a TV debate on in
fiation recently. I listened to
a spokesman for labor and an
other for management begged
down in a mire of bafflegab over
who has been getting how much
bigger a share of the national
income in the past decade.
After several minutes of
claims and counter-claims de-
signed to indicate how little
each side had gained. I felt an
irresistible impulse to humble,
"A plague o. both your houses
and I set out to get some facts.
The estimates below come from
the research division Of Prem
tice-Hall and are based on
Commerce Department statis-
tics.
If you're among the vast ma
jority Of Americans getting
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17

rising share going to wage
earners explains the power Of
mass markets for consumer
goods. The declining share go
ing to profits explains the
mounting resistance Of busi-
nessmen to wage raises.
distributed 1859 by the Hall syndicate.
Inc. All Rights Reserved)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
FOREIGN EXCH'GE

NEW YORK. Mar. II (APl For
eisn exchange rates. Great Britain In
dollars, others In cents Unbalanced
unless otherwise noted:
Canadian dollar in New York open
market 3 7/B2 per cent premium OF
lO3.217s U. s. cents, Up a.
Europe. Creat Britai., pound
S.:.Sls, up lI32: 30-day futures
..Slrs. up i/3o: 9O-day futures "S1 "a
up Il; Belgium franc 3.00is, Ut
Oa's: France franc) .:O,s Of @ cent;
Germany (Westernl tdeutsche mark
',3.n'. of .O01r Holland tgullder
- so Italy liral 1914 OF a cent
Portugal (sscudoi 3.5l; Sweden krona
1884: Switzerland francI tfreel
~ -; Denmark (kroneD 1892.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
1922 Stock Dividend

NEW YORK. Mar. II tAPp
-Mesabi Iron Co. yesterday
declared a dividend of 10 per
cent in stock. payable May l
to stockholders of record March
II. This is the first dividend
declared by the company.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17

ern West Virginia and Wash
ington, will be honored by the
Ford Division at a dinner al
the Sheraton-Park Hotel Sat-
urday night,
Guests are members of the
Ford 300-500 Club. which in
cludes statesmen with the best
sales records in 1858. William
p Bave, Ford Divisions Wash
ington district sales manager,
will be host.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
Fidelity Bankers Shows
Progress in Year

Fidelity Bankers Life In
surance Co. Of Richmond. in
which there is a large WASH
ington interest. had a banner
year, President T. Coleman
Andrews reported.
Life insurance in force
reached a new high of $780,
979,637 at the years close, q
gain Of 43 per cent from $75.-
0ll.7l9 year earlier. There
was an increase Of l08 per
cent in group insurance in
force. Assets totaled $685.
$50 at the year end.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
Huhn-C arlin Becomes
June Dairy Branch

Huhn-Carlin Co.. which has
Offices here has become a
branch Of June Dairy Products
Co.. President Harold j. O'Con-
nell announced.
Mr.. O'Connell said head
quarters of the new branch will
continue temporarily at hoo
E street NV. but plans are be-
ing made for a new building.
/ June Dairy. a division of
Foremost, has home Offices in
Jersey City, N. j.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17

10 per cent stock dividend script
certificates yesterday.
Rights for stockholders sub
scriptions for the 1880 new
shares expired March 2. The
offering brings the total out
standing shares of the bank TO
l26.750. Combined capital and
surplus amounts to $2,535. 900.
Bargain City to Open
Hybla Valley Store
Bargain City. U. S. A.. will
open its newest and largest
store in Hybla Valley. south of
Alexandria. on Monday. March
%. ii was announce dtoday.
IA elabo:at" CDenin" pro-
cram has been planned with
county officials and civic lead
crs in attendance.
The shopping center, with
$50 900 square feet Of space. is
all under one roof and stands
on a 74-acre tract.
Bargain City. U. S. A.. is the
brainchild of William H. Sylk.
president Of Consolidated Sun
Ray Retail Stores of Philadel-
ph.a. Howard Niederman will
manage the new center at
Hybla Valley.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
TREASURY BONDS

IUnn' naI; - 1hr ~ esteI-
Go crnment Treasury bonds:
chETAOIN
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
OVER COUNTER

Washington listinRs on overtime
counter markets furnished by the Ma
tional Association Of Securities Dealers
as OF / pm. Tuesday, March IL.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
Citizens Bank Of Maryland
Gets OverSubScrip. on

The recent stock Offering OF
the Citizens Bank OF Maryl9nd
was oversubccribed pv 2 sub
stantiel margin. it was en-
nounced following expiration OF
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
Washington Hotel Sales
Lag Behind Year Ago

Sales of Washington hotels
covered by the accounting firm
of Horwath g. Horwath were /
per cent ebove a year ago in
the first two months of this
year, despite a lag in February.
the firm reported.
Two-mopths' room sales were
up 4 per cent and restaurant
sales were down 2 per cent In
February room sales were 5
per cent above a year ago, but
restaurant sales were of 7 per
cent.
FO-| Statesmen 10 Be Guests
At Regional Dinner
Nearly ITO top Ford sales
men and their wives, repre-
scn'ing dealerShips in Mary
land. Norathern Virginia, East
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17
Marriott Motor Eotel
Planned at Dallas

A 300-room resort type motor
hotel. to be known as the Dali
las Marriott Motor Hotel. will
be built on an 8-acre tract near
the heart of Dallas, Tex, it was
announced TO-DAY by j: Willard
Marriott, president of Hot
Shoppes.
The Dallas unit will be the
third to be completed on a
chain of motor hotels operated
by.Hot ShoppeS, Inc. The firm
now operates the 370-room
Marriott Motor Hotel near the
Fourteenth St. Pricge here and
also is buildin~ 4 2l0-room
Marrlott-Key Bridge Motor
Hotel across the Potomac from
Georgetown.
The Dallas hotel will be on
the Stemmons expressway and
will have beth travel and re-
sort facilities.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17

Only a comparatively few
employers and labor union OIL
cials have filed description re-
ports on health and welfare
funds as now required by law
and the deadline rs only two
weeks away on April !.
This was emphasized today
In a warning from the Bureau
of Labor Standards, Depart
ment Of Labor. which revealed
that fewer than 10000 reports
or only about one-tenth Of the
estimated total. have been
filed to date.
Willful violation of this re-
Quirement. which became eff
fective on January l. carries
a penalty of $1,000 fine or six
months in jail, or both.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-17

second
Subject to Federal taxes but not 10
state income taxes.
Evening star., 1959-10-22

r street NV. The first show
ing Of 1.-THE Cranes Are Fly
ing" open to the general pub
lie will start November II at
the Dupont Theater, 1882 Con-
necticut avenue NV.
United States companies also
have purchased six other Rus
sian movies for showing in the
United States under the United
States-Soviet exchange agree
ment signed January 27, 1858.
The State Department did
not say what Russians would
attend the Washington pre-
miere but said they would in
clude Soviet motion picture
personalities.
The American movies to be
shown in Russia, in addition
to Marty are:
"The Great Caruso," "Lili, "
Roman Holiday "Old Man
and the Sea-" Rhapsody, "
Man of the Thousand Faces,
"The Seven Voyages of Sim
bad" Oklahoma" and one
other to be selected.
The Russian films, in addi-
Evening star., 1959-10-22
Premieres Set
For u. S. and
Soviet Films
BY the Associated Press

Simultaneous grand pre-
mieres in Washington and
Moscow will be held November
10 for the first showing OF
American and Russian ! films
exchanged under the United
IStates-Soviet cultural agree
|ment.
Announcinas. this yesterday,
the State Department said the
United States Aim. Marty"
will be the first Of 10 American
exchange movies to go on Rus
siaE screens.
Gary Cooper and Edward G..
Robinson will be among the
movie stars going to Moscow
for the premiere.
The Soviet film, THE Cranes
Are Flying" will be featured
at the Washington premiere.
The premiere will be held at
the Metropolitan Theater, .934
Evening star., 1959-10-22

to win, his bid for a new trial
ChesSman replied: II am not
going to second-guess the
United States Supreme Court"
Asked what his immediate
reaction was to the news,
Chessman said: II didn't feel
anything for the first few min
utes. Then I realized that Fri
day would be a busy day for
me instead of my last day"
The convict-author said he
was congratulated all around
by the convicts who felt "a per-
sonal encouragement for them
selves because there is so much
death around u.s." ~
California Attorney General
Stanley Mosk said in San Fran
cisco that the State has resisted
Evening star., 1959-10-22
PriorySehooI Gets
New Heudmuster

The Rev. Dom Hugh Mon.
monier, a native Of Baltimore.
has been appointed headmaster
of the Priory School, at Four
teenth street and South Dakota
avenue NE.
Father Hugh was graduated.
from Portsmouth (R. ~ Priory
School, and later received a
bachelors degree from Loyola
College in Baltimore. He was
ordained a priest in l945.
The Rev. Dom Austin Me-
Nance, headmaster at Priory
School since its founding, has
received the title Of headmas.
ter emeritus.
Evening star., 1959-10-22


took the time for a good look" F"
Chessman told prison news
conference.
Newsmen from Brazil and
Sweden we're among the 80 re-
porters and cameramen at the
conference, called after the
high court granted the stay.
Chessman emphasized that
he is in a fight to win dis
charge from custody and a new
trial"
The 3S-year-old convict, who
already had arranged for ore-
nation 4 after Fridays now-
postponed execution, said he
has completed the papers to
be presented by November 8
before the Supreme Court,
They are now being stem
ciled." he said.
Asked whether he expected
Evening star., 1959-10-22

are capable Of launching an
atomic attack.
There was no immediate
confirmation or denial of the
report from United States
sources.
North Korean atomic train
ing has been known to us for
some time" the minister said.
TT is certainly a threat to
us. but we believe the enemy
will be punished severely by
the same means he uses If he
initiates aggression"
United States forces in Korea
have 280mm. atomic cannon,
aircraft capable of carrying
atomic bombs and Honest John
and Matador guided missiles,
But there has never been an
official statement that they
Evening star., 1959-10-22

Cheeseman's appeals lover the
past decade and shall resist his
present petition" before the
high court.
Mr.. Mosk said in a state
ment:
1T is California's position
that due process has beer
scrupulously and exhaustively
respected; that Chessman ha;
been properly proved guilty and
that the law should make its
course. We shall so urge the
Supreme Court when it hears
the forthcoming proceeding"
Evening star., 1959-10-22

have atomic warheads and
shells in Korea.
Mr.. Kim's statement was the
first from a high-ranking Of
fetal openly stating the North
Koreans have atomic arms, al
though there have been un-
official and ~unconflrmed re-
ports dating back to 1856.
Mr.. Kim made his statement
in reply to a newsman's query
just a day before United States
Undersecretary Of State c.
Douglas Dillon arrives for a
three-day visit.
There is some fear here
that United States military
and economic aid to South
Korea will be trimmed because
of the lower appropriation for
foreign assistance.
Evening star., 1959-10-22
Workshop to Open
On Family Living

The first of a series of work
shops on personal and family
living will be held at 8 o'clock
tonight at Walker-Jones Ele-
mentary School, First and I
streets NV.
Sponsored by the schools
PTA, the workshops will in
clude discussion Of child anc
domestic guidance. nutrition
housing, personal hygiene anc
job counseling.
Evening star., 1959-10-22
Juniors Dresses

IS Wool FIonneI Sheath, in red. blue
or brown sizes 7 to IS. Were l7.95,
1900
IS Cocktail Dresses. in royon tof-
feNo, sleeveless, scooped neckIine. full
skirted style. Red, black, blue in
sizes 7 to IS. Were 22.o5 400
IS cocktoiI Dresses, in summer COL
ors and dorker hues; assorted styles
and fobries; sizes 7 to 5. Were
$500 to 1895 1900
20 Fomous Nome Dresses, in trons-
itionoI cotton; sheath ond full skirt
ed styles; sizes 7 to IS. Were $500
to 1895 - 1900
20 Dresses, in wool and wool blends,
sheoth styles. Were 1895 to 1895,
1900 to 5000
IS Shirtwoist. cottons in blue and
red prints, some with matching
handbags and jackets. Were 1875,
1900
20 coektoiI Dresses, in nyIon sheer
with full TERED skirt Black or royoI
blue; sizes to 5. Were 1875,
1900
WGL-Juniors' Dresses, 4th Floor
Evening star., 1959-10-22

ton to 1.-THE Cranes Are Fly
ing" are: "Quiet Flows the
Don," Swan Lake" "Circus
Stars" THE idiot" "Othello'
and Don Quixote.
Evening star., 1959-10-22
Remncnts-Fridoy Only
Savings From
The Gift Shop

Is Toll ItoIion Gloss Deeon-
ters. 26" high. Smoke color.
in diomond or swirl design.
Were 4.95 - 2.99
3 japanese SheIIow Bowls,
oval shope. Lacquer and gold
tone on gloss. Were 7.50,
$50
10 Higgins crofted Gloss
Bowls and Ash Troys in mot
tied cranberry color. Assorted
sizes and styles. Were Fps to
1925 l.48 TO 8.9S
10 Contemporary WoInut
Clock and Two-Lisht Seonee
Combinations, electric. llR"
xl8". Were 1906 e.99"
20 Gloss NibbIer Jars with
eosy-swino bose and tight
fitting bross top. Were 4.o5,
l.ss
3 English Costume Dolls mode
In Poris. Were 4.o5 2.99
z English Costume Dolls. Were
Z.So o- ,99
4 stieH Breed Troys, slightly
scrotched. Were 1000, 4.es
I Bross Hurricane Lomp. Wos
4.5o '.'s
Group Of one-of-o-Kind Ac-
'eessories and Gifts, some os
is - Reduced u
Odds and Ends Of HiehboII
GlossCs - Reduced "
"PIeose add 1929 Federal tox.
WGL-The Gift Shop,
7th Floor
Evening star., 1959-10-22
Chessmon Credits Stoy
To World Press Pleas

SAN QUENTIN PRISON Calf, Oct 20 tAP).-A smiling
Car Chessman said yesterday outbst of world opinion
helped him win Supreme Court stay of execution.
II do not that 1t influenced the court but helped
the realize there such interest in the that
Evening star., 1959-10-22
English Boby


ord mG's syss; Sg;'5 44.ss
5 English Boby corriases in novy
! Edison Crib in discontinued style,
wax finish. Wos 3o.95---29.95
3 High choirs by Peterson, in black
ond pink Were l7.o5-- e.95
z Twin StroIIers in discontinued
style. Were 36.o5 ---l9.9S
WGL-The Nursery Corner,
4th Floor
Evening star., 1959-10-22
South Koreans Report
Reds Have Atomic Guns

SEOUL. Korea Oct % (AP)-South Korea reported to-
day that the North Korean Communists have moved atomic
into forward facing American and South Korean
troops along the Armistice zone. F%ss .E
Defense Minister Kim Chung-yu said they presumably