davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
YOUR
MONEYS WORTH
Threat to Small Businessmen
sY SYLVIA PORTER

A potentially great threat "a
small businessmen has ap.
peared on the financial hori-
zon. The threat lies in the
mounting scarcity Of credit, the
rising cost Of borrowing.
We have entered q cycle Of
the highest. most expensive
money in a generation. and the
odds are credit will become
even harder to get before 1t be-
comes easier. In this era, the
big, profitable corporation Dor.
rover won't be pinclied much
though; the top-notch corpora
ton always will stand at the
head Of any credit line.
In this era, the borrower who
will be squeezed the most will
be the small businessman or the
called marginal concern
Banks are simply not designed
to provide risk capital or long,
term loans for the small bust
nessman. They never were de-
signed for this purpose.
This type Of firm won't be
able to get all the funds it needs
for long-term growth by issu-
ing bonds or stocks in the cap
ital markets.
This firm won't be able to
get anywhere near ample A.
nancing from existing Federal
or state or semi-public lending
organizations. None Of these
organizations has enough cap
ltal to cover more than a frac-
ton of loan demands.
And this firm won't be able
to get much aid from the new
system Of small business A.
nancing tnat was supposed to
come out Of the Small Business
Investment Act of 1858 and
was supposed to help fill a
dangerous vacuum" in the
credit structure of the United
States.
For. so far. this act has been
a flop beyond the expectations
Of even the most cynical. A
year ago Congress passed this
law under which the Small
Business Administration was to
promote the formation of local
small business investment COM
panies to help small businesses
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
CHICAGO
LIVESTOCK

CHICAGO. Sept. 10 CAPl CUsDAl.--
70 strong on bulk butchers. closed
$50 lbs and lighter: sows fairly active,
steady: butchers over $50 lbs scarce:
mixed grade "a ana mixed Is, IS
and IS i90-230 ID butchers 1900
1870, little below 1919 weigiiins
over 200 lbs: several hundred is and
Is and mixed liz a00-.25 lbs li35-
few lots sorted is 2O0-33a chs 1873:
148 head % a5s lbs uniform in weight
and grade also 1873, around 800
head at l473: mixed grade % and
IS 230-27O lbs 1854 so: a deck
90 around $50 lbs l4.I5; mixed
grade 10 ISO-la5 DDS i3.E0-I425:
mixed grade Ia 275-350 ID sows
lbs l3.s5-i3.50: mixed grade 80
350-425 lbs II So , 80 mixed grade
% 425-550 lbs l0.5O-1I.75.
Cattle 900: calves 100: all slaugh-
ter classes moderately active, generi
ally fully steady except cows fully
steady to % higher; stockers and
feeders SLOW; GOOD and choice klaugh-
ter steers 1850 lbs down 25-75-2S.25:
load Of mixed choice and prime
1895 lbs 3S0c: few good ! 800 ID
steers 500; good and choice hetfers
25.00-27 90: utility and standard
Is. O0-24 90; utility and commercial
cows 15.75-l9 90. tanners and cut
tiers l4.00-lT - - few light cam
ners i3.00-l3 $50: utility end com
mercial bulls 81 O0-23 so: yealers
34.O0 down; eulls as low as 1900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
| Financial General Shows
Increase in Earnings

Financial General Corp. had
consolidated net income OF
s1,305.157 or So cents a share
| in six months ended June 80,
compared with $459.585 or 20
cents a share q year earlier,
President George Olmsted re-
ported yesterday.
The company also had a
profit Of $270.s6S or II cents
a share on securities sold. COM
pared with $107.l19 or 5 cents
q share from the same source
a year ago, he said.
Financial General Corp.
which is controlled by Inter-
national Bank Of Washington.
owns working control Of Union
Trust Co. and First National
Bank of Washington. the Bank
of Silver Spring. Alexandria
National Bank and United
Service Life Insurance Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
N. Y. PRODUCE

NEW YORK. Sept. 10 lAP) lUsDAl
Butter offerings ample. Receipts
7ss,000. Wholesale prices on bulk
cartons lfreshl. Creamery. % score
iAA) 64;-64A cents: 81 score ca
Cheese steady. Receipts 100000.
Prices UNCHANGED.
Wholesale egg offerinRS short on
large and mediums and ample on
balance today. Receipts 22,700. New
ern; Mixed eolors: Extra 1850 lbs)
Al bz-43iz; extras medium 36-27:
standards large 23ls-25Is; checks
1870. Whites: Extras 1850 lbs)
ssowa: Ex.rs s.tf sassd ns sS.S fs
Nearby: Whites: Top quality 1880
lbsl 1889; mediums 1929; smalls
1917; peewees ll-12. Browns: Top
quality 1880 ibs) 1919; mediums
$3.50: smalis 17-ls; peewees l1-I2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10

a this year. in contrast to
So, 587.785 in the same 1858
period.
I'm the first seven months Of
this year, 6,06l new apartment
units valued at sac, 083. 900 were
authorized in the suburban sec
ttpns, compared with $3.50
units valued at $i6,6l5.000 q
Year earlier.
washington real estate lead
efs say unrealistic restrictions
q the Lewis coming plan have
caused the sharp drop in Dis
trict apartment projects. The
new regulations limit the size
OF buildings and require mini
mum amounts Of parking space.
THE monthly report on Dis
tibet building today listed total
permits of $6l.607.373 for the
first eight months of this year,
compared with SGT ,220.S97 in
the same 1858 period.
New single-family dwelling
units accounted for $3.046. TOO,
compared with $3.914.000 a year
earlier. Office buildings were
valued at $l1.610.950. compared
with $12,220. 900.
iFor August only. permits
amounted to $6.432.619, COM
pared with $5.257,7ll. Apart
ments totaled $222.500 COM
pared with $1.315.000 a year
ago and single-family dwellings
totaled 1851, 900, compared with
$570,5O0. Offices accounted for
$2,536,650 VS.. $635.000.
The District report was issued
by Julian P. Green, chief Of the
permit branch, while the
Bureau Of the Census compiled
figures on. the suburban area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
T. T. Arden to Address
Washington Analysts

T. T. Arden, president Of
Robertshaw-Fulton Controls
Co., will address the first fall
luncheon meeting Of the Wash
ington Society Of Investment
Analysts at the Burlington
Hotel on Wednesday. Septem-
Der 16.
Mr.. Arden viii discuss affairs
of his company, which produces
controls for commercial. do
nestle and industrial use.
including missiles, Jet aircraft
and nuclear power installations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
'' b s',BuszuEss
New Apartments Drop,
Zoninq Rules Blamed
BY DONALD b. HADLEY
star Financial Editor

Apartment construction the District Of Columbia has
dropped TO less than twelfth Of ago and real estate
eaders say the new coming restrictions to blame
Although an apartment boom bossoming In the nearby
sections of Virginia and Maryland District permits for new
APARTMENTS shrnk to only $i7865O0 in eight months
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
Servonics Names Thomasian
As Vice President

Servonics. Inc. Of Alexandria
Va, producer Of radar simula-
tors and electrochemical equip
ment. announced the appoint
ment Of Berge Thomasian as
vice president for manufactur-
ling operations.
Mr.. Thomasian joined the
firm after managing production
in various departments Of
Melpar. Inc, subsidiary Of
Westinghouse Air Brake Co.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
State Loan Stockholders
To Vote on Merger

Stockholders Of State Loan
& Finance Corp. will vote Sep
TENDER 80 on a proposed merger
with Equitable Credit Corp.
Shareholders Of Equitable
Credit viii vote September 20.
The proposed consolidation
would raise State Loan assets
to more than SIS million and
operating Offices to 400.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
Grand Union Co. Sets
New Sales Record

Grand Union Co.. which OPP
crates q growing chain of food
markets in this area. had rec
ord sales of 1907. 655 .656 in six
months ended August 20, Pres
ident Lansing P. Shield re-
ported.
The new peak was 81 pei
cent above $234.612.975 in the
same 1858 period. Sales in i've
weeks ended August 20 totalee
$50, 2S6. 692. gain Of 22.5 pei
cent from a year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10

per cent secondary market OPP
erations debentures at g price
Of 99A.
The offering was priced to
yield 5.26 per cent annually to
maturity on September IL.
1861. It will be dated Septem-
Der %.
The yield is the highest in
the 22-year history Of FNMA.
Previous peak was a. per cent
on 5000 million of ll-month
debentures In September, 1857.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
Travellers Insurance
Moves CAPITAL Once

The Travellers Insurance
Companies have moved their
Washington branch Office to
new and larger accommoda-
tons at ITO H street NV.
At q formal opening Of the
new Office today. company
agents. brokers and branch Of
f1cials inspected the facilities
with the general public.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
FOR BANKING EXCELLENCE
OVER COUNTER

WASHINGTON listines on over-the-
counter markets furnished By the Ma
tional Association OF Securities Dealers
as OF pm. Thursday, september 10:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
EMMA Offering Priced

The Federal National Mort
gage Association today mark
eted $50 million of 2-year Sla
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10
FOREIGN EXCH'GE

NEW YORK. Sept. 10 (APl.---Foreein
exchange rates tGreat Britain in doll
lars. others in cents and decimAls Of
cent?:
Today Prev. Day
Canada In n. Y.
Cfree) los 90 IObo
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-09-10

Prices quoted In dollars and thirty.
seconds.
Subject to Federal taxes but not 10
State income taxes.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17

tion grant program, nebulous in its require
ments. gave 40 choice In addition to being
stunned. many members of the legislature
appeared not to understand the measures
before them and passed them under consid-
cradle pressure Other bills offering fur
ther defense We're not considered BY the
General Assembly, and some were discard
ed bv the threat Of Governors veto. a
Very unhappy situation indeed.
IN three days. Virginia had capitulated
The high ground Of constitutional defense
Had been Yielded Unless this high ground
position can be retaken, Virginia stands
vulnerable to any edict Of the federal
courts and the problem of public schools
will be fought out on the low plane Of inte-
grafton rs, segregation. with all Of the petty
politics. differences in conditions and opin-
ions Of the many local communities
The integrationists will press their newly
won victory and the segregationistS will
protect themselves by such means as may
be available Whatever happens the public
school system Of Virginia Will suffer irrep-
arably, and a new system will be born, we
hope for the education for all.
Governor Almond has appointed COM
mission to study and recommend a future
policy for Virginia. \ report is to be made
on March 81 when the General Assembly
will reconFene. It is hoped that the next
session Of the Assembly viii at least be
free to discuss the program. and that the
public nisy BE heard before it is adopted.
The people have VET % speak,
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17

Washington. d. c.. Feb 10 -
The economy forces in Congress
hope that President Eisenhower $
campaign to hold down Govern
ment expenditures will spark a
grass-roots revolt which will re
strain the grandiose spending ideas
of the New-Fair Dealers.
Admittedly, this is an uphill bat
tle-for Congress thus far seems
more interested in spending than
in balancing the budget but tn G
economy bloc contends that h G
voice Of the people has unlimited
power if used effectively
So, those in Congress who oppose
profligate spending are supporting
intellectually the Administra-
tons efforts to enlist everyone
with emphasis on the housewives
and breadWinners in the battle for
Government economy
II is hoped that if the people BACK
home are made To really under
stand that deficit spending means
more initiation which n A il \
higher prices which means 4
cheaper dollar they Will then d.
man that their Senators and Rep-
resentatives vote against unessen-
tial spending
Such a grass-roots uprising would
be Of inestimable assistance ID
President Eisenhower ii his effort
to hold the line against congress
sional appropriations which would
unbalance his s77 billion budget fol
the next fiscal year
Right now. Mr. Eisenhower i
fighting thus far losing battlf
to hold federal aid voted by Con
gress for housing and for ailpor'
construction to the amount pro
posed in the Administration !. bad
get
Despite pleas for fiscal sound
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17

THE reading habits Of the American PEG
PIE give reason for genuine alarm among
scholars. mtelectuals and those who pom
der The nations future. we are. in short.
going down The road To cheapness. vulgar
It'll and mediocrity.
\ responsible church leader, talking re-
Gently On the subject Of what the young
people ot today read pointed out very ef-
tectiNelE that today's youngsters are given
4 steady diet of trash vulgarity and sex
literature which has never before been
available to the American people in such
quantity. or in such degree of brutal bad
taste
We do not believe in censorship. and we
believe that adults should be entitled to
read what they wish to read On the other
hand. young minds, in the formative and
impressionable stages. should not be sub
iect to such an overwhelming dose of this
bad influence 1t is no exaggeration to say
that the young people of many countries
are putting their time to better use than are
most Of the young people Of the United
States
This should disturb everyone interested
IN his country. the people of the United
States. and our future
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17

there were very few motels. but
now they are 50 thick that the com
petition is terrible.
In addition to the above econo-
mic difficulty, ones investment
may be wiped out by a change Of
routes. When one buys a motel. it
may be on a heavily travelled road;
but then the state. or the federal
government. may decide to build
a new toll road or freeWay which
will leave the motel on deserted
highway.
The Investors League
This is a nonprofit, nonpartisan
organization Of investors united for
action in defense both of present
legitimate investments and Of free
enterprise unhampered by unfair
government competition. 1t was es-
tablished in 1912 with headquarters
at 234 Fifth Avenue. New York
City. l especially commend t h e
work of the Florida Division, of
which DR. Thomas H. Odeneal of
Bis So. Peninsula Drive, Daytona
Beach, Florida. is the able presi-
dent.
All present owners of motels or
OF Turnpike Revenue Bonds whose
livelihoods or investments are
threatened by the new freeways,
for which the federal government
has appropriated $37, 900 900, 900.
should join this Investors League
and ask it to urge the government
to make sure that their investments
are fairly protected
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17
Double Check

Down here IN the garden spot Of
the World. we can't plant taters
cause the lands too wet but
we got politics and we're raisin
Whoopoe from one end to the
tither of this county the ''Wouldbe'
boys are springing mp to the call OF
duty that is if'n they can get
any notice whatever.
Looks now like there will be
full crop and could be lot
Of hand plants left over. It's big
time or everybody, and if you re-
side in this county, that's Cumber
land, you may expect call from
all not Just one or two Them
Jobs have got to be filled.
Candidates are one diget Of hui
mainly that you cannot discourage
It's a good time to get acquainted
with them YOU never saw before
and believe you me. you won't be
seeing en- again. So be kind to
candidates tie your biting dog
and leave the latch string on the
outside this is year Of our
festoonefy selecting the best is
your Job Your ballot is just
as secret AS you leave it be-
Az this time the COP is Get
ting lot Of blaming for failures
they can't pin on the Democrats
course they want unity
like they never had before
Dulles is way down even hi s
plane is grounded.
For once during this Republican
Administration the World is at ease
business is at its worst
unemployment at its highest
and stocks on see saw.
Thanks for reading
Yours.
j Marvin Brown
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17
NO COMMENN T
BY JAMES W. DOUTHAT

ness the Senate speedily voted for
spending which oVershot the Ad-
ministration : proposals and
would mean a ned ink budget.
And both hotlIine and airport
LEGISLATION which also would
breach the Admins tration's spend
ing figure has started through the
House OF Representatives
Whatever Congress finally agrees
upon however. will confront a pos
slble presidential veto.
presidential veto can be over
ridden only by a tWo-thirds vote of
both branches of Congress some
thing that has not yet happened
since Mi Eisenhower entered the
White House more than six years
ago
But there is real danger that this
record may be blemished if Mr.
Eisenhower should veto the hous
inc and airport legislation unless
the voice Of thu people from the
9-'ass-roots decrAes otherwise
This situation is what Mn Essen
hover had in mind when he warned
d recent press conference against
iA.e kle Government spending
which make, everything more eX-
pensiye for the housewife and fol-
7 everyone else
FL served vigorous notice as he
I'LL, IL 1I
ing to do every possible thing |
can to keep Government spending
Withia it'll income
Aroiising the people back home
10 combat the fiscal peril also was
discussed By Nh. Eisenhower with
Republican confessional leaders
4 The consensus of those present was
summed up by Rep Halleck. Of
Indiana The Republican House
leader. as follows:
" Il is high time that the people
who believe IL b balanced budget
make their voices heard in tn e
capital
Asked If Nh Eisenhower shared
nat yieW. MI naleck replied.
He did definitely '
II was in thiE setting that the
Senate voted approval Of six
year s2.b15 09o 0D0 federal housing
program which was more than 81
billion above tie amount recon-
mended BY Mr. Eisenhower.
And the next day it passed a
four year S465 million federal aid
ID airports bill. Mr.. Eisenhower had
favored 500 million
These two BUDGET unbalancine
actions were described by Senator
DirkSen 81 IllirloiS. The Republican
leader. as FISCAL suicide on the
in~tallmant plan
And he raised this pertinent ques-
ton foI th0s cpncelned about the
nation future to ponder "Wher
yod punch a hole in the dyke how
} many other holes will folloW?"
T.se answers 10 that question, in
THU opinion Of the economy sup
porters. will Be determined by the
public reaction 10 redink spend
inn programs.
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17
BabsOn Discusses The Tourist Business

BabsOn Park. Mass. Feb. ~ Our
tourist business started in a very
small way some 50 or more years
ago 1t grew steadily but slowly.
until the automobile revolutionized
it,
Automobiles and Tourists
The automobile has actually done
harm to the summer hotel business
Of the north Because of lack of
business. the great summer hotels
Of New England are gradually be-
ing torn down. The majority of
people who travel in the north by
auto during the summer stop at
motels as transients. They no
longer stay for a month. or for the
entire summer. as they used to do
On the other hand. the auto has
helped southern business, expect
ally that of Florida, New Mexico
and Arizona. and also the Pa
cific Coast Moreover. many who
go South as tourists remain TO
take up residence. This does not
apply, however. to tourists who
travel north in the summer.
Cost Of Living
Tourists also find that the cost
of living is less in the south This
fact is encouraging more people to
retire on their social security
money. Furthermore. in the north
it is more difficult for a person
to get part-time position in or
der to secure the permitted extra
income up to 81 200 above social
security which he needs in order
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17

10 live reasonably comfortably.
IN several southern and south
western states, new Industrial con
Germs are locating which make a
specially Of employing these part
time workers. The new low priced
cars which can be bought today
enable families to have two small
economical cars. and this is a great
help to part-time workers.
How and Where to Buyo
After deciding where you would
like to live in Florida. for in
stance write to the Chamber Of
Commerce Of that city and inquire
as to the opportunities for secur-
ing part-time work. Tell the Cham
Der your trade and your age. and
add the information that you have
an auto. OF course, you will not
buy any property in any southern
state without first seeing it.
When buying house or lot in
any tourist section. buy at the end
OF the tourist season. This means
in September after Labor Day, or
in October in the north Or in Nav
or June in the south.
MOtels as an Investment
Motels, as business investments
are subject to several disadvan-
tages. For one thing, the owner
must pay taxes, interest charges,
insurance. and maintenance costs
for twelve months each year, while
his profits are usually limited to
six months or less. Even SO, it was
possible to make ends meet when
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17
1.-The Great Emancipator


Left out of Lincoln's birthday
was the interesting statistic that
he took away more social security
from more people than was even
taken away before or since. From
cradle to grave the slaves had Sc
curity-but they had also slavery.
1t is ever thus whether "Ole
Marse' or Uncle Sam secures you.
A welfare state becomes a slave
state You can't play God over
peoples lives without assuming
God like omnipotence over them
Lincoln freed the slaves While the
war was on, as a military measure
He always said his paramount
object was to save the union
neither to preserve nor to destroy
slavery.
Yet he has gone into history as
the Great Emancipator
Another president took a military
action which has identified him with
the Negro more than he intended
That was Eisenhower at Little
Rock He was wrong in sending
the troops, constitutionally, morally
factually and most certainly poll
tically. But he acted in no love Of
Indignation. only as a lifelong mill
tary man whose instinct against re-
ported disobedience Was forcble
restraint.
Reported Isl the word Because
Harry Ashmore and Mayor Mann
told the President there was a lion
in the streets a mob requiring
The Farmville herald. (Farmville, Va.) 1957-current, 1959-02-17
State Of Flux

DRESENT conditions in Virginia concern
ing public schools are comparable to
those Immediately following the Hateful de
cison Of the u s Supreme Court May II,
1854 and Il wear later MaF b. 1865, the
date Of the EXPERIMENTATION. The people are
still stunned They cannot understand what
has happened to Nirginia's resistance move
ment nor how it collapsed under an admin
istration dedicated to resistance. We find
ourselves in the same position.
Letters reaching our desk indicate 4
hardening Of resistance, once d new pro
gram of resistance has been formulated.
Unsuitable criticism Of the administration
handling Of Nireinia's defense concludes
with a determination to take such steps as
are left to uphold the sovereignty of this
state and all other states The problem is
all the more difficult because Of the supine
surrender Of Nireinias rights and powers
to the edicts of the Federal and Supreme
Courts.
We would presume that the people are
not happy in those areas where racial inte
grafton has taken place. Nirginia> resist
ance having collapsed almost without warn
ing. and with no plans for q future program
having been made by the administration.
the people in those areas had only the
choice between no schools Or integrated
schools.
The actions OF stunned legislature in
the passage OF two bills. namely repeal Of
the compulsory attendance law. and tut