davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-12-13
By the Associated Press

American business firms now
employ more than 8 million
workers and produce $35 billion
worth Of commodities each year
in enterprises abroad. the Com
merce Department reported in
q comprehensive study-based
on the 1887 census Of overseas
investment, brought UP to date
by some new estimates. "
The report indicated that
direct investment by Americans
in overseas branches. subsid-
iarieS and afiiliates has been at
q rate of more than 81 billion
annually in recent years. One
official estimated privately that
1860 investment was about SIS
billion.
The continuing heavy flow Of
private capital combined with
much larger Government pay
ments for foreign military and
economic aid. has contributed
to the country's large deficit in
international payments.
Criticism In Congress
It also has aroused some
criticism IN Congress. Senator
Proxmire, Democrat Of Wiscon-
son. and others have COM
planned that the capital outflow
amounts to "the export OF
American jobs"
The commerce study showed
that fewer than / in 100 of the
workers in the foreign af1iliates
were sent from the United
States. In most foreign coun-
tries, United States firms have
encouraged local participation
in management and financing
However. it continues to be
the Governments policy to
encourage private investment
overseas. especially in UNDER
developed lands. To interfere,
officials contend, would be to
weaken a powerful cold war
weapon. diminish the force
of free enterprise as a. con-
tribution to the well-being OF
the free world, and invite
retaliation against American
exports.
The republication prepared by
Commerce Department Econo-
mists Samuel Pizer and
Frederick Cutler estimated the
book value of American-owned
foreign affiliates at close to
$50 billion in 1859. ..-
At the indicated growth rate,
this suggested that the present
value exceeds $32 billion, as
Evening star., 1960-12-13
Suburban Trust
Votes Extra on
More Shares

Suburban Trust Co. directors
have declared a regular quar-
terly dividend of 20 cents and
an extra dividend of 40 cents
a share. 1t was announced to-
day by Board Chairman T.
Howard Duckett and President
j., Robert Sherwood. IL
The extra was declared in
view Of the continued growth
OF. the bank and larger earn
ings during the year, the an
nouncement said.
Suburban paid a Accent ex-
ira, in January. 1860, but the
new extra win be paid to
around 500 additional stock
holders owning an additional
22,667 shares of stock. COM
pared with a year ago.
Added TO the 1900 stock
holders. who received last jan
uary'S extra on 240, 900 shares,
were the stockholders and
shares added by the merger
of the Farmers & Merchants
Bank Of Upper Marlboro and
the Maryland State Bank of
Montgomery County at Cal
thersburg.
The current extra and regu-
lar dividends viii be paid De-
cember 20 to stockholders Of
record at 2 pm. December 10.
and will amount to $2l0.l33.
OF the additional %, ,667 shares
added in the mergers. 10000
were issued to former holders
Of Maryland State Bank and
6.667 shares are owned by for
mer holders Of the Farmers g.
Merchants.
Evening star., 1960-12-13


warding seven years for me,
and ! hope that historians will
record 1t as a period of solid
growth in the annals Of the
association. Now that 1t would
appear that the show is on the
road, 1t would seem to be an
appropriate time for me to
consider retiring from the ex-
ceedingly strenuous pace which
seems to be required of the
active managing officer of
NALU."
He recalled at the close of
the Denver convention next
year that he will have COM
pleted eight full years Of
service.
Evening star., 1960-12-13
L.1O. Schriver to Leave
Life Underwriters Post

Lester o. Schriver, executive
vice president of the National
Association Of Life Underwrit-
ers. will retire December 81 of
next year.
Mr.. Schriver has written a
letter of retirement. and VIII
liam, S. Hendley, jr., former
president. appointed q commit
tee to seek a successor. Recon-
mendationsS are to be made to
the board Of trustees at a
meeting at Fort Lauderdale,
Fla. April 1920. Trustee Frank
6. Mcnamara Old Line Life,
Waukesha. Wis. heads the spe.
cial committee.
In a statement, Mr.. 4Schriver
declared: y
Seven years ago I set q few
goals which have been partially
realized and which ] believe can
be fully consummated in the
near future. The following are
a few of the goals which / felt
were imperative: The compile
tion Of our own headquarters
building tat 1922 p street
N.W.). The good solid member
ship Of 100000 competent life
insurance statesmen. A staff
second to none in the national
organization field. A standing
in the industry that would
command the respect OF every
segment of our business, and
the community in general. And,
above all, a measure of service
to our members unsurpassed by
any similar organization. All Of
these goals have been accom-
plished or are in sight.
"All in all, 1t has been q re-
Evening star., 1960-12-13
Greenboum Is Trustee
For Penn Garnet

Samuel M. GreenbauIn,
Washington attorney, has been
appointed by Federal District
Court as reorganization trustee
for Penn Carpet City, Inc. in
an action filed recently by three
major creditors of the flrm.
The court yesterday ordered
Mr.. Greenbaum to continue
normal operations Of the firm.
A hearing has been scheduled
before the Referee in Bank
ruptcy at 10 am. on February
2, 1861, objections. If any, to the
appointment Of a trustee.
Mr.. Greenbaum reported his
preliminary examination Of the
compsny's affairs. indicated 1t
can operate on a profitable
basis If major creditors extend
further credit.
Evening star., 1960-12-13
BUSINESS
BRIEFS

Business Failures in the week
ended December 8 totaled 500,
a new postwar high, compared
with 200 In the previous week
and 248 in the like week q
year ago.-Dun g. Bradstreet.
Air Material Command has
awarded five contracts totaling
more than $12. million to the
Stromberg- Carlson Division of
General Dynamics Corp. The
contracts are for communica-
tons systems for Air Force
Titan missile bases.
Douglas Aircraft Co. an
nounced 1t had sold to General
Aniline & Film Corp. its con-
trolling interest in the jointly
owned photographic Systems,
Of Santa Monica, Calf.
Best & Co. announced pur-
chase of Grand Apparel Co. Of
Milwaukee, Wis, for an undis-
closed amount.
Fairchild Camera & Inst.
Corp. announced 1t had re-
ceived a So million order from
International Business Ma
chimes Corp. for electronic test
equipment for the bomb.
navigation system of the B-52
Air Force bomber.
Hotpoint Division of General
Electric Co. said the SO million
spent on, design and engineer
ing for the 1861 line is the
largest In the company's his
tory. ,,
Edison. Bros. Stores, Inc.
November sales totaled $lO,-
635.822 up $50 from 1859; for
II months Sll6,925.562, up
7.7% from 1859.
Bond Stores, Inc. November
sales totaled $8,722,476, UP
500 from 1859; for four
months $27.744,592. down 2.2%
from 1859.
Evening star., 1960-12-13
American Firms EMPLOY
Three Million Abroad

compared with only $11.8 bill
lion in 1850.
More than one-third of the
total investment, is in Canada.
An only slightly smaller pro-
portion is in Latin America,
and more than SIS billion is in
Europe. At the moment. Europe
is the area Of most rapid ex-
pansion. ~
Petroleum investments, with
more than $40 billion outstand-
ing. leads all other industries.
Manufacturing is close behind.
Substantial sums are in mining.
smelling, and public utilities.
The, report estimated that the
sales of foreign manufacturing
affiliates rose nearly is per cent
from 1857 to 1859 and now
exceed $2l billion. Leading
products are automotive equip
ment, chemicals and machinery.
Big Wage Bill
The foreign affiliates have
been paying out 81 billion a
year for wages and salaries
SIT billion for materials and
services. and $4.5 billion fol
direct and indirect taxes to
foreign governments.
1t was estimated that this
country share in the earnings
of the foreign enterprises was
about $3.5 billion last year. But
about 81 billion was retained
abroad for further investment
Nearly three-fourths Of the
direct foreign investment is in
enterprises in which the United
States share is 95 per cent OF
more.
Evening star., 1960-12-13
ChondIer's Stoff
To Share in Bonus

Harold Marlborough. manager
Of Chambers Shoe Store, 1908
F street NV, announced his
firm has voted q $3.50, 900 Christ
mas bonus to all employees Of
Edison Bros. Stores, Inc. of
which Chandler's is a division.
The sum will be shared by $500
employees In 405 stores in l89
cities and 40 States,
Evening star., 1960-12-13
More B&O Shares
rendered to Gao

Walter J. Tuoy, C6sO presi-
dent. today announced that
three additional blocks of Bal
timore and Ohio Railroad
Stock, totaling l75.O00 shares,
have just accepted the C6sO's
exchange offer.
The C&O's percentage OF
shares received Is in the 40 per
cent as of now. Mr.. Tuoy said.
Still to be included are addi-
tional shares expected from
Switzerland and other domestic
holdings.
Mr.. Tuoy reaffirmed his pre-
diction that a majority of BSso
shares would accept the C6sO's
exchange offer, which closes at
midnight tomorrow.
Evening star., 1960-12-13
YOUR
MONEYS WORTH
Millions for MoonsFine
1Y SYLVIA PORTER

licensed, tax paying distilled
spirits industry and if the
States earmarked a correspond
ing one per cent, we would
have suficient funds to drive
most moonshiners to the wall.
The men in enforcement daily
risk their lives. are doing the
best they can with, the money
they have, but they must nave
more!
O.. PORTER: How much
new money do. you think IN
tensified enforcement would
raise? -
A.. RosENSTIEL: Supple :
menting the Operation Noon
shine" enforcement force with
1000 properly trained new
agents working in teams Of
four or more would increase the
flow of revenue to the Treasury
anywhere from q half a billion
to over q billion dollars a year.
It would correspondingly in
crease State tax revenues. In
come taxes Of companies in
the legal industry and of its
employees would also increase
sharply.
Danger Illustrated
Only this year, North Caro-
lima officials intensively pub
licized the danger of drinking
moonshine. Posters illustrated
with a skull and cross bones
were posted throughout the
State warning: Deadly Poison
Moonshine Liquor Being Dis
tributed Locally :"
In addition, State agents
were equipped with liquor test
ing kits. The sale of legal. tax
paid spirits in North Carolina
promptly jumped.
O.. PORTER: Is any change
needed in the laws themselves?
A.: ROSENSTIEL: The first
thing to do is put a penalty
on the buyer of illicit liquor,
the person who buys a bottle
without the Government stamp
over the neck of the bottle.
The penalty should be widely
and continuously publicized by
the liquor industry as well as
the Government. And it should
be severe, not only for the
protection of the consumers
health, but for the protection
Of the revenue.
The second thing needed Is
q new criminal code that puts
mandatory long sentences on
the moonshiner, equal to those
for counterfeiting. / have never
Evening star., 1960-12-13
Mason Noteholders
Headed by choppuis

c. K. Chappuis was elected
chairman Of the Mason Mort
gage Noteholders Protective
Committee at an organizational
meeting attended by more than
IS holders yesterday.
Rear Admiral c. L. c.
Atkeson, USN retired, and Fred
A. Schererhorn were elected vice
chairman and Pauline Roth
field was named secretary-treas-
urer. A l3-man advisory coun-
Gil was established. Michael A.
Schuchat and Daniel I. Sherry
were retained as legal represen-
tatives.
Mason Mortgage has filed for
reorganization under Chapter
10 Of the bankruptcy laws.
Evening star., 1960-12-13


Command has awarded five
contracts totaling more than
$l2 million to the Stromberg. /.
Carlson Division Of General
Dynamics Corp, 1t was an-
1ounced today. ~r
!. The contracts, give. Strom-
berg Carlson responsibility for
all communication subsysterns,
integration and management.
They provide for the design,
development. liaison and en-
gineering Of the commuliica-
tons systems for the Air Force
Titan missile squadrons and for
the manufacture and instalia-
ton Of the systems at the first
four Titan bases.
Evening star., 1960-12-13
Party Postponed

The annual Grocery Wheels
Of Washington Christmas party
for Toys for Tots has been can.
celed for tonight Tuesday, ,
due to inclement weather. The
new date is $50 on Tuesday
December 20 at the Kenwood
Country Club.
Evening star., 1960-12-13
Silver Spring Bank
Awards Top Honor

Miss Diane C. Stark, head
bookkeeper at the Bank OF
Silver Spring. has been named
winner OF the banks annual
award for outstanding service.
Miss Stark received a share
of the banks stock from Presi-
dent Warren n. Lasher at the
annual dinner and dance for
employees at the Columbia
Country Club. The award is
made to perpetuate the mem
ory Of the late George T. Day.
first president Of the Bank of
Silver Spring. A resident of
'Hyattsville, Miss Stark has
been an employe Of the bank
for nine years.
Evening star., 1960-12-13
Dart Drug Sales
Up 90 Pet. From
Year Ago Levels

November sales of Dart Drug
Corp. totaled $535,584, Presi-
dent Herbert H. Haft an
nounced. He said this repre-
sents an increase Of 90.3 per
cent over sales Of 1881 ,443 for
November Of last year.e
Mr.. Haft pointed out that
last month was the sixth con-
secutive period in which Dart
has broken its prior monthly
sales record. The organization
now operates Is stores: 1t had
7 stores a year ago at this
time.
Evening star., 1960-12-13
METALS

NEW YORK. Dec. l3 tAP) .--spot
nonierrous metal prices today; Copper
Lead, ii cents Q pound. New York
INC. I'm cents q pound, East St
Louis. Tin. i.01h Q pound. New Yors.
Foreign silver, 9lss cents per t:oy
ounce. New York. PITTSBURGH scran
BY Iron age at 28.OO-e7 90.
Evening star., 1960-12-13
Rote Rises Slightly
On 91-Duy Offerina
By the AssocIated Press

The cost OF the Governments
short-term borrowing both rose
and fell with yesterdays regu-
lar weekly issue of treasury bills.
The average of bids for the
$1.1 billion issue of 9l-day bills
was 1884 per cent. This COM
pared with 2.32S per cent a
week ago.
Bids for the current 950l mil.
lion issue Of l82-day bills aver
aged 2.62l per cent, compared
with 1858 per cent last week.
Evening star., 1960-12-13
Dividend Increased
By Central Mutual

Directors Of Central Mutual
Telephone Co., Of Manassas,
Va. have increased the quarter
dividend to 20 cents q share
from 10 cents paid previously,
President George B. Cooke an
nounced today.
This raised the annual divi-
den drate to 80 cents a share
from rs cents paid previously.
The latest quarterly will be paid
December 81 to holders of rec
ord December Is.
Evening star., 1960-12-13

Upwards of $500 million ir
taxes is lost TO the Treasury
each year by "moonshine.@ and
similarly large tax income t.
the States-a direct cost t.
taxpayers and a less under.
stood drain on our industry and
danger to citizens.
Today's interview is with
Lewis S. Rosenstael, BOARD
chairman Of Schenley Indus.
tries, Inc.
@, PORTER: You've been In
the forefront of the fight
a 6 ainst "moonshining" foi
years. Why? What is the prob
lem today2
A., ROSENSTIEL: First, q
definition. Moonshine pays no
taxes, State or Federal, and, OF
course, 1t is illegally produced.
Federal, State and local taxes
for the legitimate producer
average about $3.50 a gallon,
Moonshine Is not merely the
favorite outdoor sport of the
mountain boys. Today it is big
business run by big city Moon
sinners, with a yearly output
Of so million to 100 million
illegal gallons, on which the
moonshiners' take is probably
from $3.50 million to over 81
billion. +.-
Many Are Killed
The legal distilling industry
can never compete against a
moonshiner. Moreover, moon
shine has killed hundreds of
citizens. seriously injured hum
dreds more.
O.. PORTER: What Is the
solution to the moonshine
problem?
A.. ROSENSTIEL: Primarily,
more dollars for enlarged moon
shine law enforcement at all
levels. Federal, State and local
law enforcement agencies are
seizing an average of 10000
Illicit stills a year. about the
same average as in the Prohi-
bition. years. The Alcohol and
Tobacco Tax Division of the
Treasury Department has about
400 fewer agents assigned to
Operation Moonshine" than it
had 20 years ago. and the situa-
ton is no better on the State
and local levels.
II the Federal Government
e arm arked for Operation
Moonshine" enforcement one
per cent of the annual revenue
Of over 50 billion from the
Evening star., 1960-12-13
Eornines

Food Fair Stores. Inc. in %
weeks ended November l2
earned $s,O1S.396 or $l.l0 a
share VS.. $5.s35.07s or $l.os a
share in 1859 period.
Bobbie Brooks, Inc. in six
months ended October 81
earned $l,l73.300 or SO cents
Q share VS.. $l,0ll,O00 or n
cents in 1859 period.
international Mining In nine
months ended October 81
earned s500.l30 or SO cents a
share VS.. a loss of $393.727 in
1853 period.
Evening star., 1960-12-13
Ad Booklet Published

Warren Banding. assistant
to the president and director OF
research Of the Trafiic Service
Corp. Washington Building.
Fifteenth street and New York
avenue. NV. is co-author with
w. Schuyler Hopper OF the
Common Carrier Advertising
Handbook just published.
Evening star., 1960-12-13

record at the close on Decem-
Der l6. 1860.
National Savings declared
four quarterly dividends of 40
cents each and an extra Of 20
cents q share in 1859, or q total
Of 100000 on the 100000
shares outstanding.
Quarterly declarations for
1860 were raised to so cents a
share, or a total of 5000. 900
and the accent extra lifts the
total further to $240, 900. Z. =.
Evening star., 1960-12-13
Dividend Record Set
BY National Sovinqs
with Accent Extro
BY DONALD b. HADLEY
star Financial Editor

Directors of National Savings Trust Co today declared
dividend of 40 cents share increased
of dividends declared in 1860 to $240000 ame record
for the 93-year-old institution. +
This announced by President Douglas r.. Smith, who
said the will be paid January 1861 stockholders
Evening star., 1960-12-13
Gets OnPost

Harry A. Mcdonald, former
chairman Of the Securities and
Exchange Commission and for
mer administrator Of the Re-
construction Finance Corp, has
Evening star., 1960-12-13
White 70 RecoII 200

CLEVELAND. Dec. l3 lAPl.
- The White Motor Co. an
nounced 1t will recall some 200
workers next month when pro-
duction starts on q new line of
compact" trucks and tractors.
Evening star., 1960-12-13
OVER COUNTER

. Folloyins prices furnished By the
-,caiers In WsshinEton represent the
rang. 7ithin which incally active Sc
"urities could have been bought or
sold at I pm. Tuesday. December 10:
Evening star., 1960-12-13

been elected a director of Crys-
tal Oil and Land Co. OF
Shreveport, La.
Evening star., 1960-12-13
Stromberg-CorIson
Gets Bio controcts

: The Ballistic Missile Center
of the Air Force Air Materiel
Evening star., 1960-12-13
TREASURY BONDS

NEW YORK tAP) Noon over the
counter US. Government Treasury bonds.
Evening star., 1960-12-13
MUTUAL FUNDS

NEW YORK tAP).i 1
National Associa-
ton Securities Deal
Evening star., 1960-12-13
DIVIDENDS

By the Associated Press
, 1960-02-13
yNDAY, MONDAY,
I i e S y a Y

10th Century Fox presents
In Cinemascope & Color De Luxe
THE BEST OF EVERYTHING"
Hope Lange, Steven Boyd, Suzi
Parker, Martha Heyer, Joan
Crawford, Diane Baker, and
June Blair
This is unusual and intriguing
entertainment, NOT soon to be
forgotten. It's all about women
women women All
Of them with problems.
LATEST NEWS
w E D N E S p A
Big Double Feature Day
ist Fnn..,re
Columbia presents:
HOW TO MURDER A
RICH UNCLE"
Charles Coburn, Nigel Patrick,
Wendy Hitler, Kathie Johnson
This is another veddy, veddy
British Mystery-C Comedy and
you'll get a band out Of it!
i ii \ Z -raTTv II
United Artist presents:
THE MUGGEP"
Kent Smith, Connie Vaness
and Nan Martin
This is a crime thriller, which
tells of a maniacal killer on the
loose in a big city. You never
saw THIS kind Of a manhunt be-
fore.
, 1960-02-13

by members of the III Beta
Delta Club, led by Mrs. Ruth
LaBeet and Mrs. Dorothy
Elskoe. This group was the
first to volunteer its services.
This years Calypso Tent
will be managed by the Ram
bler's Club. A repeat perform
ance Of last years brilliant
work is expected from this
group under Freddie Nichol-
sens direction t A.
Adams, Jr. has accepted chair
manship again Of Carnival
Village. Victor Blake is in
charge Of Housing for offs
land participants while Alfred
Lockhart will continue to
manage the Steel Bands. One
very important committee
the Ideas Committee will be
headed by Mrs. Gertrude
Dudley and the Decorations
Committee will work under
the leadership of Aubrey Sim
monds. Norman Chelquist of
the Repertory Theater, will
direct the Annual Pageant,
which opens Carnival on Sun
day evening, April "a. This
years pageant will be writ
len by the zone and only ].
Antonio Jarvis.
Ron de Lugo, initiator Of
Carnival, Virgin Islands Style,
will serve as liaison between
st. Croix and the Carnival
Committee, and he will give
the Roas'-A-Time publicity
in his own inimitable way.
The Booklet Committee is al
ready contracting businesses
IN ST. Croix to contribute ads,
and James O'Bryan will 60 OF
St. Croix to see the merchants
personally.
The 1860 Carnival is a com
munity affair. Every organi-
zation, every group and every
individual will be asked to
participate in some way and
to be part Of this exciting
event. The radio stations and
, 1960-02-13
WARNING

Deadly poison viii be set
over the land Of Estate Gale
donna for stray dogs that are
dstroying my animals. Neigh
bors are asked to keep their
pets.
Eugene M. Brady
, 1960-02-13
United Artist PRESENTS:
"THE MUGGEP"
THURSDAY al FRIDAY

! United Artist presents
ALIAS JESSIE JAMES"
Bob Hope, Rhonda Fleming
and Wendell Corey
It's hard-as-nails Hope--ridin' tall
in the saddle and sky-high in
hilarity in the widest, fun
NEST Western ever made! AND
wait till you see the bang-up
surprise enulIlg 81!
LATEST NEWS
, 1960-02-13
CALL FOR BIDS



Vel as estaOnSneo dc'ofs q Sealed bids, in %quadrupli-
system WMcn ? Dy now cate, will be received at the
Valid trademark having been Danartmant If pronertv and
USED N ms SUCCESSFUL himlza- Procurement Division of Pro-
non q .Peyton Place, ne curement, Chri Niansted, st.
film features Hope LANCE, Croix VIRGIN Tslands until
Stephen Boyd, Susy Parker, 100 Am. March 1. 1860.
Martha Hyer, Diane Baker, and then nub1iclv onened for
Brian Aherne and Robert the following:
Evans IN starring roles. GROCERIES AND OTHER
Joan Crawford as amanda COMMODITIES.
Farrow,' and Louis Jourdan The Government reserves
as David Savage" also star the right to reject any or all
in the Jean Negulesco direct bids, to waive any inforrnality
ed production which va IN bids and, unless otherwise
filmed partly in the pic specified by the Government
turesque and exciting New Ct by the bidder, to accept any
York locales Of the original ITEM in the bid.
novel Copies OF invitation to bid
Ar. nay be obtained from the D-
p,ooou 80 ;. vision Of Procurement, Chris
1inaa mo,,a ~ tiansted, ST. croix, Virgin
Islands.
huge publishing house where
l. noao+s uada44 3 COMMISSIONS Of Property
and women who struggle with a s
49, u u. T.. ID. Per:
and their Illustrations and
disappointment. G4s
, 1960-02-13
E. sHUL 81,

many new workers who have
volunteered their services.
Among the latter group is
Leona Ebbesen Bryant who is
serving as Secretary to the
Carnival Committee.
Committees have already
started working: The Finance
Committee headed by Mrs.
Wilma Giroux, the Carnival
Booklet Committee with Mrs.
Margot Bachman as Editor,
Reuben Wheatley as Business
Manager & Christopher Bar
ringer as Art Consultant, and
the Dance Committee headed