davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16

100000 of permissible &C
emulation of earnings.
If you were entering a spe-
culative business venture before
the 1858 tax law, you may have
been forced to run it as a sole
proprietorship or partnership,
even though the risks made it
preferable to protect yourself
by operating as a corporation.
The reason was that If the VEN
ture failed. you couldn't take
a full lose deduction for the
money you invested if the bust
ness was set up as a corporation
and this was generally so
even if you put most your
money into the corporation as
loans rather than as stock.
Answer to Problem
But the 1858 tax law has the
answer to this problem. You
can now use a corporation
when this makes good business
sense and still deduct an or
binary loss on the stock if the
venture fails. If you can't use
up the loss against your cur
rent years income, you can
carry it back three years and
over for five years. And if the
speculative venture is success
full, your profit on the stock
still will be taxed as capital
gain, not ordinary income,
even if the loss would be an
ordinary loss.
If you now operate your
business as a sole proprietor,
partnership or corporation,
make sure to check the posi-
bilities of becoming a corpora
ton which elects not to be
taxed as a corporation - the
so-called "pSeudo-corporation. "
The tax benefits of such an
election can be substantial, and
you should discuss this care
fully with a professional ad-
wiser. Generally, what happens
under an election is that a cor
poration is treated as a valid
corporation for all purposes ex-
cept that it pays no tax itself
but passes its income, losses
and long-term capital gains
through to its stockholders to
report on their own personal
returns.
If you ran your business at
a loss last year. you can now
file a refund claim to pick up
taxes you paid on 1855 income
, as well as on 1856 and 1857
. income If the loss is large
! enough. Until 1858, you could
carry an operating loss back
for only two years: the 1856
, law allows a three-year carry
back.
Tomorrow: The great tai
: switcherOO - the expense &C.
: count.
Distributed 1859. The Hall Syndicate
81 Inc. All Rishts Reserved
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16

smaller vehicles" the astuts
Mr.. Wilkie says.
He wryly notes that "some
self styled economists fire.
quently have auipped that
where fuel mileage Is a vital
factor to the motorist. he has
no real right to buy an auto
mobile"
But he quickly points out
that fuel economy becomes in
creasingly important as taxes
raise the cost Of gasoline.
The Jaguar Owners Club,
formed last week with Pat Pat
terson as chairman Of the
steering committee Ono pun
intended meets again at
Bert's Galley Wednesday.
February rs.
Inc annual Manhattan Open
rally has been set for March
=, with a l30-mile course into
Maryland from Manhattan
Autos Bethesda place. Regis
tration is ct 1890 ar, no
entrance fee; trophies and re-
freshments promised.
Chevrolet is introducing a
new highway safety device for
roadside emergencies. A Aaz-
ard flasher system which may
be put into operation by a
switch on the instrument
panel, it flashes all four front
and rear directional signal
lamps simultaneously. Sug-
gested list price is s7.95 plus
installation charges.
49,
Officer veterans of the Air
Transport Command of World
War II will have a reunion din
ner in the Waldorf Astoria's
Sert Room March. A new
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16

Isimplified Airplane Flight In
structor Examination Guide
has just been published by the
Federal Aviation Agency;
available through the Govern
ment Printing Office here for
is cents. Rising graphs In
the auto business-Willys Mo-
tors reports a 81 per cent In
crease In domestic sales during
January over the same period
last year and sale of q Sub
stantial number" Of Jeeps to
the Australian Air Force:
Rambler sales the same month
were 1853 per cent over Janu-
airy, 1858; Pontiac's sales were
the high since 1856. with a q
per cent increase of January
a year ago: Simca sales set an
all-time record for that month
with 2.700 deliveries: Renault
was up 20 per cent. Fred
Z. Hamlin succeeds F. N. Mutt
as manager of the Martin
COmpany's Baltimore division.
. Bonanza Airlines gets
Flagstaff and Page, Ariz., and
Kanab, Utah under a new CAB
order. Flying Magazine
says Midway Islands Gooney
birds have caused damage to
so aircraft in the last three
years. Alaska Airlines re-
Gently sent two hostesses to
ride with Trans Texas Anyways
for a week in a new public re-
lations gesture among States.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
& WHEELS
BY CHARLES YARsaoUcH

/ aviation interests in the Wash
ington Center's advisory ares
are invited.
Another figure. impressive tc
the man who can remember 9
new Piper Cub for $500. wa:
issued by the Bethesda biased
Aircraft Owners and Pilots As
ISOLATION.
Just in case you think pri-
vate planes are made Of old
bed sheets and gas pipe" a
newsletter to AOPA's $4,000
members said last week, you
might be interested to know
that the average list price of
each Of the GAIA new private
planes sold by the industry in
1858 was $21, 047.70."
The breakdown in the So
called Big Three showed
Beechcraft sold 694 planes at
an average cost OF $5l,2l9;
Cessna, 1925 private aircraft
at an average of $l6,813 and
Piper, 1852 planes at an ave-
rage of $16,372.
AOPA's 1858 figures show
98,4l4 civil aircraft, with
95,577 Of them private planes.
\ 4 +
Speculation that likely in
creases in gasoline taxes
president Eisenhower is ask
ing and some individual
States are thinking) will send
more buyers into the economy
c.. market has been offered
br the Associated Press David
]. Wilkie.
And it could be a factor in
influencing Ford, General Mo-
tors and Chrysler into early
introduction of their projected
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16

the National League of Insured
Savings Associations which
opened today with a luncheon
Meanwhile, League President
James E, Bent said that mod
Iernization Of home financing
operations could help to min
imize economic downturns.
Conventional mortgage loans
programs, operating free Of
Government assistance, have
consistently provided the Ma
ton a steady. reliable method
of financing two of every three
homes annually for the last
decade" declared Mr.. Bent.
THE last two recessions have
been preceded by sharp declines
in home construction due more
or less to Federal actions which
have dampened down Govern
ment programs established to
assist the industry" he said.
The conference here will con-
slider proposals to expand the
flow Of investments funds for
conventional home financing.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
Steel Output
Pushed Up by
Strike Fears

CLEVELAND. Feb. 10 (AP)-
Most purchasing agents expect
a six to eight week steel strike
this summer. and buying fol
inventory build-up has pushed
steel production up II points In
three weeks. Steel magazine
said today.
Last week the increase was
2.5 points to 83.5 per cent Of
capacity. Nine of the IL pro-
|ducing districts showed ac-
celebrated production, and out
put Of 2.363.000 net tons OF
steel for ingots was the highest
of any week since March rs
1857. the Weekly Journal Of
Woodworking said.
The magazine said 1t had
queried 200 purchasing agents
and 90 per cent of them anti
cipated a steel strike Of six to
eight weeks in length, with
higher prices after the walk
out ends.
About 20 per cent of the
agents replying told Steel
they will increase their steel
stocks more than so per cent.
Another 80 per cent said their
hedge : buying would amount
to a Is to so per cent inventory
hike.
In addition to buying as a
precaution against a strike
interrupted supply. many steel
consumers are storing up more
than might be needed in the
belief, as one Des Moines. Iowa,
buyer expressed it: THE in
evitable price rise makes this
a good gamble even if the
strike doesn't materialize."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
Investment Panel Planned
In Silver Spring Thursday

John r. Steelman, who was
special assistant to President
Truman, will serve as modera-
tor on two panel discussions on
investments sponsored by the
Silver Spring Board of Trade
and three Montgomery County
members of the New York Stock
Exchange.
The first session at 1857 Geor-
gia avenue will be at 8 pm
Thursday. The second will be
ut 8 pm. on February IS.
Baruch Rabinowitz will rep
resent Rudd and Co., Arthur
Bruce will appear for Rouse,
Brewer, Becker and Bryant, and
Mrs. Ruth Adler for Jones,
Kreeger and Co. Reservations
may be made at the Gardner
School of Business,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
Specially House Holds
Annual Spring Festival

RIG Specially Co., which
distributes housewares, cleo
trical supplies and hardware in
the District, Maryland and Vir-
GINA, is holding its annual
spring festival at its showroom
and warehouse at COILS Chillum
place NE. The showing, which
will close tomorrow, is open to
the public from 2 until 10 pm.
National brand lines and
new products for indoor and
outdoor use are featured at
this years dealer show.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16

With uses ranging from
OBSERVATION-DISCLOSURES Of lost Ever
glades visitors and detection Of
illegal aliens to testing of all
navigation facilities, United
States civil agencies will OPP
crate Ala aircraft the next fis-
cal year.
Included in the new budget
and pointed out by the Air
craft Industries Association
the figure includes 81 new
planes which will cost $l2.7
million. III
Largest user Of aircraft
among the civil agencies is the
Coast Guard, which will oper-
ate 1872 planes in search and
rescue duties, logistics support
and transportation Of person
mel.
Not included in the Coast
Guard search-rescue mission
is the Everglades duty. For
that and the detection of
poachers," the Interior De-
partment will use one of its 70
planes.
Second largest user of
planes will be the Federal Avi-
alton Agency, with lit air.
craft slated for duty, including
three new twin-jet planes
loaded with electronic gear for
checking and testing of the
navigation facilities.
+ 4 \ y
First of a series Of meetings
to be held semi-anhually by the
Washington Air Route Traffic
Control Center will be at the
Marriott Motor Hotels South
Room at 10 am. Wednesday.
All aeronautical agencies and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16

a steady growth in the system:
membership.
He said the membership now
totals 4.570. located in every
State. the District, Guam, Ha-
wall, and Puerto Rico OF thi;
total, 4,543 are savings and
loan associations, Is savings
banks and two life insurance
companies.
Member savings and loar
associations continued to in
crease their high volume Of
savings capital during the year
reaching a new peak Of nearly
$46.5 million, an increase OF
about IS million.
Total advances to member
institutions in 1858 amounted
to $1,363. 698, 892-the largest
total Of any year on record
Since their establishment, the
IL Federal Home Loan Bank;
have advanced $10,564, 487.51E
to member institutions. Nearly
$1.3 million was outstanding al
the year end.
The membership of the bank
system increased by SO during
the year, Mr.. Robertson said
The systems member savings
and loan associations held the
equivalent of 81 per cent of the
assets Of all associations. There
are % members in the District
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
Commercial Banks Speech
To Be at MONTGOMERY Blair

Harry Switzer, assistant vice
president of the Suburban
Trust Co., will speak on COM
mercial banks at 8 pm. tomor-
row in Montgomery Blair High
School.
This is the fifth family finan-
oial planning program lecture
given at Montgomery Blair this
season.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
Trunsistor SuIes Soar

NEW YORK.-Sales of cleo
tronic NEUTRALITY-SUSPICIOUS. is,
transistors - scared from a
mere $40 million in 1858 to
around 5000 million in 1858.
$40 million.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
METAL PRICES

NEW YORK. Feb. 16 (AP) Spot
nonferrous metal prices today Copper
80 cents pound, Connecticut Valley,
Lead 1Ih cents q pound, New York
Zinc liz cents a pound, East St, Louis
stsn silver oos! DV cents p peT troy 1877 OUNCE Ss
New York. At Pittsburgh scrap steel
No. l heavy was quoted at 4@00-4S 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
'' 3 BUSINESS
FHLB Assets Climbed
To New Record in '58
BY JOHN A. GILES
star stan Writer

Combined assets of member savings and loan associations
and other thrift institutions of the Federal Home Loan Bank
System reached time high Of $3.50 million December
3l-a gain Of almost 81 million for the year.
Chairman Albert j. Robertson Of the Federal Home Loan
Bank making this today also reported
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
Central Mortgage Banker
ROundtabIe Is Scheduled

A formidable discussion of a
central mortgage bank will be
held tomorrow at Hotel Statler
It will be a highlight Of the
annual legislative conference oil
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
OVER COUNTER

washington listings on over-the-
counter markets furnished by the Ma
tional Association OF Securities as Of
l pm. February 10, 1850:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-02-16
YOUR
MONEYS WORTH
Income Tax Series-I
~ SYLVIA PORTER

I'm collaboration Amsrica)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-12
HOLLYWOOD

HOLLYWOOD
in his newest picture, Paramount'S
''But Not For Me-" Clark Gable,
assisted by Barry Coe, gives the men in
the audience a lesson in kissing.
First young COe demonstrates wrong
techniques (see right. Then the old
master steps in and shows how it's
really done (see below. The girl who
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-12

shares the lesson is Carroll Baker, cast
in the film as an aspiring actress in a
show Gable is producing.
As a blaSe Broadway producer who
appreciates the importance Of the art
Of kissing, Gable IS upset when Coe,
the juvenile in his play, makes bOtch
Of a big - Continued on next page
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-12
Gable Gives
a Kissing Lesson

in his newest film, the old master steps i'm and
teaches youngster how to do what comes naturally
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-03-01

They're just the most delicious foods ever frozenp
Everyone who tries them says so. We know you-a
your family-will say so too.
When you discover how easy it is to plan delicior
meals with Stoufer's New Meal Planned Foods, we kr
you'll be another Stouffer fan, another happy buyer
So clip this 25t coupon now and take it to your
grocer tomorrow Hurry! Don't miss this great offer
YOUR CHOICE ANY o. THESE DELICIOUS LENrEn FOOD
sTouFrERs MAcARoNI AND CHEESE
SrouFFER's spiMAcH souFFLE
sToUFFGR'S CORN souFFlE
STouFFgRS WELSH RAREDU
sroUFFER'S KING CRAB imPERAL
STouFFERS LOBSTER MEweuRo
sToUFFERs TUNA NOODLE CASSEROLE
Tor any other StoMfer's Meal Planned Food
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26

What have you got 70 loser These amazing
''POWER-FLASHa plugs cost exactly the same
price that you are paying today-onIy eof each
OF $5:y4 for complete set for six-cyIinder cars,
and xI.92 for complete set for eieht-cyIinder
cars Think of III They cost no more thar ordinary
10 500 this year.
But that's just the beeinnnel Here Is my guar
Plug HtanHlacfIVer IN america would dare 10
make! Put these plugs In your car yourself. No
mechanic needed Nothing to adjust. From the
very nr~ moment that you get back In that cal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26
Guaranteed For
Two Full Years!

and drive, you must notice amazing new power
and pick-up-0r PH send every cent Of your
m0ney back
You must notice amazing new gas savings !.
you must eliminate Ignition knocks and pings
you must get instant carbon-free cold weather
starting-0E I send every cent OF your money
back And YOU must continue to get this thrilling,
new-ear performance year-in and year-out-FOR
Two FULL YEARS, ov 10000 MILES-or I'll
send you a new set-FREE!
You have nothing 70 lose! BUT THE SUPPLY
OF THESE PLUGS At THIS SPECIAL PRICE
rs STRICTLY LIMITED. THIS MAY BE ABB
SOLUTELY THE LAST TIME THIS OFFER
rs MADE IN THIS PdPERl ACT TODAY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26
~ List q Plug So Smart
That II ~Thinlxs"

Now lock. at the new plug---the yevo-
Iuti0Kdyy P0WER-FLASH plug that l
send for exactly the same price that
you're paying todayl
Here is a plug that has not only ONE
firing point-but hundreds of potential
firing points! That actually ELIMINATES
THATDEADLY CARBON BURNS
1T UP. THROWS 1T AWAY i.
KEEPS ITSELF SPARKLING CLEAN
ON EVERY SINGLE STROKE' The full,
blazing horsepower that was there when
your car was brand-new, is still there as
much as $4,000 miles later.
But that's just the beginning! This plug
actually gives You The full firing power you
need for every driving condition-smooth,
dependable power for city stop-and-e go
driving effortleSs horsepower for the
parkway :. blazing reserve power for
super speedsl No more missing, sputterins,
knocking when you want to pull ahead Of
other cars at high speeds! No more eroan-
ing take.offs at the lightSl FULL POWER
~ HOURSA DAY -. or we send you
new set Free.
And that's still just the beginning! Best
of all--this is one of the toughest. strong
est, longest-laStine plugs ever madei you
COULD ACTUALLY POUND 1T
AGAINST a CONCRETE WALL WITH
a HAMMER WITHOUT EVEN DENT
ING lT-AND THIS AMAZING PLUG
WOULD STILL FIRE CLEAN AND
HOT FOR 10000 MILES, Yesl These
fantastic plugs give you such terrific. con-
sistent, long-laSting service that we can
afford to make one of the moa amazing
guarantees you ever heard!
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26

costs--ws pass every cent Of these savings on 10
you, IN whas is probably the grsafesf car bargain
Of your entire ltei
Remember You get the same iron-clad, full
money-back guarantee! You get the same superb
quality--that keeps these plugs operating at full
efficiency in your car for two full yearsl And
you get the same fantastic power and pickup and
performance and acceleration--aHd you get them
al regular plug pricesl Try them entirely At our
Fiske Send for your no-risk trial set TODAY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26

I ys De- s. :, g INC Ms, ,pc:gE. s.fSsc
amazing
Q only Spark Plugs
o
MODEL NO.
CENT OF MY MONEY
for NEW
Of
....... YEAR . MODEL .a NO OF cYI......
Saarsss
bgE eSleVEs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26
PRICE SLASH!
Only go Each!

Yesl the worlds finest Spark Plug guaranteed
TO give you up to miles MORE per gallon, up
to 20 MORE horsepower---aHd now yours for the
same price as you'd pay for any oId-tasbioHsd,
SingIe-prongsd set OF spark plsesi
Think Of III During the past year alone, We
have sold over ONE MILLION Of these revolnL
tionary Power Flash Spark Pmgs-at Si.4s apiece
lat 50 and Slz q sctl But now we are able to
produce them In huge, mass-production quanti-
tiesl And because this mass production siashes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26
AMAZING MONEY
BACK GUARANTEED!

Clip this guarantee section out of this
page. II authorizes you 10 try these amaz-
ing POWER-FLASH Spark Plugs entirely
a. our risk! First-teSt them for one full
month for sHTging power, thrilling Hgv
drtvfHR performance, bFedfhfakiRe Gas saw
hrs 6loHel During that very first month
alone. N
(lD These plugs must give you up to
9 miles MORE per Rallon-INSTANTLY
a. every ceHf OF your money back!
~ These plugs must give you up to
20 MORE INSTANTLY
or every cent Of your money back
And {3)--as an extra added assurance
These plugs must continue 70 give you
this power, performance and gas savings
FOR TWO FULL YEARS--or We will
send yea q brand new set, ABSO-
LUTELY FREE!
You have nothing 10 iosel This Is prob
ably the most amazing guarantee in car
history. No strings, No questions asked
AA4 kXRz ASa@.4 A&@&@4e@@@,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26
This Is Why Your Car ]
Wastes Gas, Loses Power

Some day, If you ever have a spare mo-
menl. hff one of the old fashioned spark
plugs OUT Of your carl Look atthe bottom
Of that plug. In 10 seconds, you'll learn
more about gas waste than any book could
teach you in year.
Il that plug has been in your car three
thousand miles or. more, then what you'll
see on the bottom of that plug is FILTH
The Firing Point of that plug--the most
important single point in your car--will
be ch0ked, Sfrnngled and touIed with
BLACK, FILTHY CARBON! Carbon
thai robS your car Of as much as 20 vital
horsepower every time your engine fires!
Now, wipe that filth away and look at
the Firing Point itself. This IS the POWER
POINT of yOHr car. the pinhead of
electricity that turns raw gas into 800
horsepower Of driving enereyI And what
is the condition of that POINT COR
R0DED. PiTTED SCARED
AND JKORNf Hardly able to deliver half
the spark il should Wasting gas vast
ing money every time you put your foot
on the pedal!
Yesl You pay $4,000 5000
$4,000 Tor your car. And q single oot part
RODS you of The real power and enjoyment
Of that car.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26
Up to 9 Miles
More Per Gallon!
Up to 20 More
horsepower!

YEsl In the next two minutes I'm going
to show you how you can get up to
20 MORE HORSEPOWER from your
car how you can save enough gas
in single year to drive up to A FULL
THOUSAND MILES. i. how you
can eliminate most of the ignition
knocks and pings that are driving you
crazy now how you can get battery
saving, sure-fire starting even in below
freezing weather--and do ii without
buying one single complicated gadget
without paying a mechanic a pennyl
Howl SIMPLY BY CHANGING
YOUR OLD SPARK PLUGS--WITH-
OUT PAYING ONE PENNY MORE
THAN YOU'D PAY TODAY FOR
ANY ORDINARY SET OF PLUGS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1959-04-26
BY Ed MITCHELL

Lefme say this at the start. If your car
has been driven more than 5000 miles,
you know that you're going to have to
change your spark plugs in the next few
weeks anyway! What I'm offering you on
this page is very simple investment.
want you to try the most fantastic spark
plug in the world, entirely at my risk. A
spark plug that costs nor one penny more
than the old-fashioned model that's on
your car today. But THIS revolutionary
new POWER-FLASH spark plug lasts up
to 10 times as long as that old-fashioned
model :. gives you back the fill blazing
horsepower that the old plug is robbing
you Of today !. actually saves you enough
gae TO drive halt way across america,
every single year that you use i'll
Does this sound impossible? It's been
proven afhonsnHd times this yeaEl Here is
Q email example Of that proof.