davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-09-04

2. False. Studies conducted by Veterans
Administration psychologists show that time
tends to crawl at snail's pace for adoles-
cents. For the oldster, time appears to be
heeting. That's one reason why teen-agers
tend to be restless and impatient. Time
passes slower for them than for the rest of us
and they want to give it shot in thearm.
q. True. Studies conducted at leading
research foundation show that not getting
enough sleep increases feelings of frustra-
ton and aggression, and has strong effect
on social behavior = particularly among
those in the adolescent and young adult
age-group. 1t was found that those of higher
intelligence are more adversely affected By
lack of sleep than those with IOUer los.
9. False. The Purdue University Opinion
Panel surveyed US. teen-agers on this
question. The majority indicated that they
prefer to go along with the crowd. They
didn't want to be different" or ''Odd ball.
10. False. In studies conducted at Colum-
bia University, youngsters were divided into
two groups: (D those who we're brought up
in good, loving, but strictly disciplined
homes, (2) those who were brought up in
good, loving homes, but whose parents were
extraordinarily permissive. The youngsters
in the group where parental discipline had
been the most permissive averaged sig
ni6cantly better personality scores. They
tended to have more initiative and self
reliance, we're more cooperative, had less
inner hostility and more friendly feelings
toward others; they also showed more spon-
taneity, originality and creativity. NorE:
permissive does not mean no discipline. 1t
does not mean that parental rules and edicts
are not enforced. But it does mean that
they are more flexible. 1t means bringing
insight and understanding to bear on a
child's individual problems and needs. 1t
means fitting the discipline to the child,
rather than vice-versa. The End
Evening star., 1960-09-04
ON THE COVER ,

BOUney SpOrt: The happy trio photograph by
c. Robert Lee doing things one they're expressing joy
and enharaOn; t'OO they're indugng the nations aaniest
outdoor sport = trampoine Jumping
The trio Jack Roth, former national diving champ GghD,
his scfe Elaine Qef) and I2yeaoH Ron Tussing, diving
student of Jacks
The fad launched in Los angeles year ago. NoW there
300 Jump oenters around the country. Looks like the
WhoIe joints jumping'
Evening star., 1960-09-04
to know their kids

atively tend to have the best balanced
personalities. TOFO
3. In most cases, it's not the teen-ager who
has the most brains and ability who is
the most popular. TOFO
8. Teen-age boys are more romantic than
teen-age girls. TOFO
?. Time goes by much faster for teen-agers
than for older persons. TOFO
Evening star., 1960-12-28
13Debs Bow at Holly Ball
SMthAnnuoI Virginia Event

Thirteen Virginia debu-
tantes were presented to So
ciety last evening at the Sixth
Annual Holly Ball. which
took place at the Army Navy
Country Club.
The gala dance was spon-
sored by the Arlington AS
sembly. At 10 pm. the first
debutante stepped through
the massive traditional 12-
foot holly wreath.
Each followed and was met
by her father and led to the
back Of the ballroom where
she Joined her escort.
Among the debutantes were
the Misses Susan DuVal
Jones, daughter of Mr.. and
Mrs. Ashton Crenshaw Jones,
jr.; Martha Alice Benn,
daughter of Mr.. and Mrs.
Donald George Benn; Eliza
beth Lambeth Marsh, daugh-
ter Of Mr.. and Mrs. Hugh
Browning Marsh: Donna 10
Pearson, daughter of Mr.. and
Mrs. Gordon Trout Pearson
now of Newport News, Va,
and formerly Of Arlington:
and Charlotte Ann Richard
son, daughter Of Mr.. and Mrs.
John r. Richardson.
Others were the Misses
Janet Louise Norment, daugh-
ter Of DR.. and Mrs. Robert
Lansing Norment; Suzy Low
cry Sharp, daughter Of Mr..
Evening star., 1960-12-28

and Mrs. James Ridpath
Sharp (their older daughter
Judy was presented at the
ball two years ago); Sherrod
Hatfield, daughter of Mr..
and Mrs. Dos Taylor Hatfield,
and Jessica Jones, daughter
Of Mr.. and Mrs. L. Dan Jones.
Completing the list were
the Misses Sandra Marshall
Tausig, daughter Of Mr.. and
Mrs. John Geyer Tausig; Ann
Preston Young, daughter of
Mr.. and Mrs. Dalton Rupert
Young; Ann Wakefield Boyer,
daughter of Mr.. and Mrs.
Gaylord Wakefield Boyer,
and Martha Terence Grier,
daughter Of Mr.. and Mrs.
Barron K. Grier.
The over 500 guests were
introduced to the debutantes
by Mrs. Franz Richey and
Mrs. William Howard Duvall,
chairmen Of the party.
The receiving line was
headed by Mrs. Ashton Cren-
shaw Jones, jr. Each of the
debutantes carried a bouquet
Of red roses and white car
nations tied with red velvet
Streamers.
Erwin Howard Devron's or
Evening star., 1960-12-28

chestrs played for the dane
ing.
The clubhouse was gaily
decorated for the debut party.
The fountain at the main
entrance was surrounded by
masses Of red poinsettias and
a Christmas tree decorated
with white. gold and green
balls was a highlight in the
ballroom.
Promptly after the presen-
tation emceed by Mr.. Griffin
T. Garnett, jr., Mr.. Joshua
Cockey led the debutantes
and their escorts in the tradi-
tional PAGES of the cotillion.
Last years debutantes were
presented at midnight.
Sponsors Of the party in
cluded the parents Of this
years debutantes as well as
Mr.. and Mrs. william Floyd
Cummings, 1r., Mr.. and Mrs.
Griffin Taylor Garnett, jr.,
Mr.. and Mrs. Roy Howard
Halquist, Mr.. and Mrs. James
David Jameson, Judge and
Mrs. William Dunbar Medley,
DR.. and Mrs. John Howell
Peacock, Mr.. and Mrs. Charles
Milton Radigan, and Mr.. and
Mrs. Richey.
Evening star., 1960-12-28
Renner-MurshuII

Mr.. and Mrs. Robert Strib-
ling Marshall of Alexandria
announce the marriage of
their daughter Catherine
Wilson to Mr.. Edward Neil
Renner, son Of Mr.. and Mrs.
Edward Harris Renner. also
of Alexandria. The wedding
took place December 3 at st
Paul'S Methodist Church. The
couple will live in Alexandria.
Evening star., 1960-12-28
WEDDINGS

jr., Of Arlington. The we'd
ding took place yesterday at
the Chapel Of the Resurrec-
ton. the Presbyterian Church
of Sewickley. Sewickley. Pa:
The couple will live in Ar
lington.
Evening star., 1960-12-28
Frost-lonq

Mrs. George Washington
Long and Mr.. George Walker
Frost announce their mar
riage. The wedding took place
December II, at the West
moreland Congregational
Church. The couple will make
their home in Framingham
Center, Mass.
Evening star., 1960-12-28
WiIson-Pierce

Mr.. and Mrs. Allen e.
Pierce Of Arlington announce
the marriage Of their daugh-
ter Nancy Jean to Mr.. Theo-
dore r. Wilson. son of Mrs.
Gertrude EStell Wilson Of
Oakland. Calf. and the late
Mr.. Wilson. The wedding
took place December II at
Rock Springs Congregational
Church. Arlington. The couple
will live In Arlington.
Evening star., 1960-12-28
Boesch-Eynon

Mr.. and Mrs. David Lloyd
Eynon, jr., announce the
marriage Of their daughter
Jane Lawrence to Mr.. Will
liam Stevens Boesch, son Of
Mr.. and Mrs. William Boesch,
Evening star., 1960-12-28
,Vitek-Runoe

/ Mrs. Hans A. Nathan of
Arlington ounces the
marriage of her daughter
Miss Elinor Lee Runge to Mr..
Brantley Paul Vitek, son Of
Mr.. Joseph F. Vitek and Mrs.
Robinson Vitek of Baltimore.
Miss Runge is also the daugh-
ter Of Mr.. Edmund Lee
Runge of Alexandria. The
wedding took place yester-
day at st. Matthew's Cathe-
dral.
Evening star., 1960-12-28
Douqhton-RoHer

Announcement is made of
the marriage Of Mrs. Ella
Roller to Mr. Richard
Doughton. jr. The wedding
took place December "a at
the home of Mrs. Roller. The
couple will live here.
Evening star., 1960-12-28
Robinson-DunIop

Mr.. and Mrs. Lilburn Dun
lap Of Christiansburg. Va,
announce the marriage of
their daughter Florence Eliz-
abeth to Mr.. Robert Edmund
Robinson, III. son of Com
modore and Mrs. Robinson,
The wedding took place yes
terday at Main Street Bap-
tist Church, Christiansburg.
The couple will live in Char
lottesville.
Evening star., 1960-12-28
Mokover-Eisenbero

Mrs. Phillip Eisenberg Of
Belle. Harbor, Long Island,
announces the marriage Of
her daughter, Stella Ayervais
to Mr.. Leon H. Makover of
Washington. The wedding
took place December II at
the Temple Beth Ell in Alex
andria. The couple will live
in Washington.
Evening star., 1960-12-28
Monroe-Duncon

Mr.. and Mrs. Dallas C.
Duncan of Carlisle, S. c., an
nounce the marriage of their
daughter Beverly Anne to Mr.
Stuart Benton Monroe, son
of Mr.. and Mrs. Robert Stu
art Monroe of Arlington. The
wedding took place Deem,
ber II at the Episcopal
Church of Gainesville, Fla.
Evening star., 1960-12-28
Johnston-DuhI

DR.. and Mrs. Arnold S.
Dahl announce the marriage
Of their daughter Nancy
Helena to 1t. John Mackin-
tosh Johnston. USN. son of
Mr.. and Mrs. David H. john
ston of Ankeny, Iowa. The
wedding took place yesterday
at Grace Lutheran Church.
The couple will live in Long
Beach, Calf.
Evening star., 1960-12-28
Trice-Hervey

Mr.. and Mrs. David Ran
kin Hervey of Richmond an
nounce the marriage Of their
daughter Jeanette Chilcutt
Evening star., 1960-12-28

to Ensign Frasia Davis Trice,
jr., USNR, son Of Mr.. and
Mrs. Trice Of Cheverly. The
wedding took place December
10 at Grace Covenant Pres
byterian Church. Richmond.
The couple will live in Nor
folk.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16

nicely. Mrs. Annie P. johnson is
also recovering from an illness.
The Rev Carter H. Harrison,
OF North Carolina. visited his
cousins. Mr.. and Mrs. Billy Hill.
III Newport News last week.
Larry Dcrrenbackrr. Of Ar
vonla enlisted IN the q S Navy
October Is and went BY plane to
Great Lakes, Iii. After foul. weeks
there, Larry was given an extra
stripe and an adanved rating
of seaman apprentice. He made
the highest marks in his COM
pany and was placed in charge of
50 recruits which rated him first
class petty officer for a service
week. He marched his 80 men to
church Sunday. After nine weeks
basic training Larry will attend
a Navel School in jackson
vile. Fla.
Recent visitors of Mr.. and Mrs.
Frank Berger were their sons
and daughters-in-laW. Mr.. and
Mrs. Henry Berger and Mr.. and
Mrs. And rev Berger and
"Kafey." all Of Richmond.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16
Spring Greek Pageant Is Planned

DARLINGTON HEIGHTS. Dec.
IS M The annual Christmas Pag-
cant will be held at Spring Greek
Church Oh Sunday evening. De
cember IL at 9 pm. Mrs. Tom
Dillon is in charge of the pro-
gram and the public IS cordially
invited
Those from a distance who at
tended the funeral service for
Mrs. G. E. Shorter were Mr.. and
Mrs. John Wilkerson. Of Lynch
burg. Rev. John Cunningham. Of
Lynchburg. Mr.. and Mrs. Henry
Crop, Of Glen Burnie, Md. Mrs.
Eva Graham and family. Of
Westchester. Pa. Mrs. L. c.
Glenn and daughter. Catherine,
Mrs c. c. Craig, Mrs Curtis
Lynch. Mrs. B c. Childress and
Mrs. w. A. Shorter, all of Roa-
roke.
Marion Hamlet continues quite
i'll in Virginia Baptist Hospital.
Lynchblng.
The Ella Binford Circle Of
Spring Greek Church held their
Christmas social at the home Of
Mrs. Aubrey Gibson. Gifts were
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16
Mrs. Metcalf
Now Employed
At Masonic Home

GLENDALE. Dec Il Mrs.
Mary Wood Metcalf. Of tins COM
munity. left Sunday for Rich
mond where she is employed at
the Masonic Home.
The Rev. c arlton Milstead
preached an excellent sermon
Sunday morning at Buckingham
Baptist Church. The Christmas
program will be at Buckingham
Church. Wednesday, December
p. at 100 pm. The public is
invited.
Prot H P. White notified the
Bible Ia IS at Buckingham
Church that the substitute teach
er, Haden Christian. would teach
III his absence, Sunday. Deem
Der 49,
Miss Eliza White, who recently
had Il bad fall, is convalescing
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16

George Putney and a friend,
from Richmond. we're hunting
guests Of John Putney on Sat
urday.
Frank Putnev. Of Wythevllle
came by To see his parents. Mi
and Mrs. j vi Putney. recently
as he was On his way 70 at
tend j meeting III Richmond
Miss Haynle Allen spent .
day III Charlottesville recently
Mrs. John Putney and Alice
Putney spent Saturday with the
j. X. Stonnell family in Rich
mond. Mrs. Stonnell returned To
her home Saturday after under
going an operation at Richmond
| Memorial Hospital.
Mrs. Mabel Yarus spent sew.
eral days last week in AleXan
dria visiting Mr.. and Mrs
Herbert Yarus and their two
sons.
Alice Putney learned recently
that she has won second prize
III the county in the All Sears
Roebuck gardening and can
! ming project. First prize was
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16
MY Wife Mary" 70
Be Presented At
Tar Wallet Church

TAR WALLET. Dec l5-Mrs
Max Latham and Mrs MILFORD
Hedrlck directors. have an
nDunced that a Christmas play
entitled ally Wife Mary" viii
be presented at Tar Wallet
Church on Sunday evening. De
cember l8. at 8. Miss Rebecca
Black and george Melnhard
have the leading roles in the
play. Everyone is invited to at
tend.
The Macon Reed Stamp Club
met at the home Of Miss Jean
Reynolds in Cumberland Tues
day afternoon.
On Thursday afternoon, the
GAS Of Tar Wallet Church met
at the church to have their reg
ular meeting. Afterwards, they
fixed the bags Of goodie )
which the Sunday school gives
its members each Christmas
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16
WSCS Christmas Party

the community were on hand Fri
day afternoon i'll Falnville to
greet Santa and give him their
shopping list
Mrs. John R. Wilkerson was
hostess for a Stanley party Fri
day night
A number Of the Gordon Trans
fer drivers and their families of
this community attended the an
nual Christmas banquet at Cedar
Brook Restaurant Saturday
night.
Everyone agrees that winter
has arrived with the snow and
below freezing temperatures.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16

PROSPECT. Dec. IS = The
WSCS Christmas party will be
held Tuesday. Dec ~, al Pros
pect Methodist Church. There
will be a covered dish supper
and then there will be the ex-
changing Of gifts.
Mrs Ray Mickle returned to
Manassas on aturday after
spending two weeks with her
daughter. Mrs. Judith Wilkerson.
Mrs. John A. johnson visited
her son and family. Mr.. and Mrs.
Billy johnson, in Arlington, over
the week end.
Quite a few Of the children of
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16

NIGHT they visited III The Ho-
Wafd Oakes home
Little Rofnle Jenkins IS SICK
at this time with the measles.
Mr.. and Mrs. Dlllard scruggs
and Mrs H. G. Rickman stopped
in Farmville last week.
Ernest Morris visited in the
H F. Morris home Friday at
ternoon.
Miss Kathryn jenkins, Of
Farmville. spent the week end
with her parents, Mr. and Mrs.
w u jenkins
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16
". j. Jenkins Celebrates
His 8Ofh Birthday

BURKEVILLE RI. /. Dec. Is
W j jenkins celebrated
his S0th birthday Monday De
celber. u.
Harvey Tharpe. Of Richmond.
visited in the H. G. Hickman
home Saturday.
Don Morris spent Saturday
with Danny Cakes near Rice
and they went hunting.
Willie Hickman was in Rich
mond Friday.
MFR. and Mrs. Herbert Morris
visited Nh and Mrs H. G. Rick
man Thursday On Wednesday
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16
PLANE IS. GEESE

Muskegon, Mich. = A flock Of
geese winglng southwark for the
winter and a North Central Air
lines passenger plane collided
high in the sky near Lake MicM-
gan recently.
The geese broke the wind
shield of the tWo-engine DC-3
plane and had to make an emer-
gency landing at the Muskegon
county airport.
The plane was grounded here
for repairs and the IS paSsen-
gers continued their Journey to
Green Bay. Wis. in a replace.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16

Mrs. D. A. Gates and Mrs. P.
E, Trear were overnight guests
Monday Of Mr.. and Mrs. Tom
Wilson and family in Richmond
Mr.. and Mrs. j. c. Price and
E. @. DoWdy spent Sunday III
Richmond visiting MIR and Airs
II. Howell and family and
MIR ana hlrs H II DoWdy
Mrs Blanche thppen is viai
ting her slster-in-law in Rich
mond.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16
Sharon Church
Plans Christmas
Program Sunday

SANDY RIVER. Dec IS ~ A
Christmas program viii b. held
at Sharon Church on Sunday
evening December Is al 7aO
Mrs. Robert Bower and in
FAINT daughter. Janice Temple
and son, Robbie. are spending
the week with her parents. Mr..
and Mrs. Robert jenkins,
Mr.. and Mrs. Rudy Bennett
and family. of Richmond, were
week end guests Of Mr.. and
Mrs. Frank Bruce.
Mn. and Mrs. Richard Pitt.
man and family, Of Hampton
were recent visitors in the home
Of E. j Smith.
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16

exchanged and a social hour was
enjoyed Those present We're Mes
danes Robert Driscoll. Anvil
West, Bob Pueh. William DECKER
son. Tom Dillon. EWart Welch
Nat Btunnitt. Howard Shorter.
Forrest Barron. Shorter Metcalf.
Hugh Bailey, Clinton Childress
and Miss Terrell Harvey.
Mrs. w. A. Shorter returned to
her home in Roanoke after spend
ing several days visiting relatives
il the community. She was ac-
companied BY Mr.. and Mrs. HoW-
ard Shorter and Mr. and Mrs
Billy Shorter ard children. of
Cullen.
Mr.. and Mrs. Buster Bailey
and family. Of Richmond, were
the week end guests of his par
ents, Mr.. and Mrs. s P. Bailey
The Farmville herald. (Farmville, Va.) 1957-current, 1960-12-16

won BY Claudia seay, Of Cum.
berland.
Mrs. J. NJ. Putney continues
sick at her home "NorthWOod =
Evening star., 1960-03-17
CHICAGO
LIVESTOCK

CHICAGO, Mar II (APD CUSDAj
HOGS 5000; moderately active, steady
70 mostly .5 higher early on butchers
ialer trade and close dull, STEADY to "a
lower with most decline on weights
unoer 80 los. soWS scarce. uneven
mostly STEADY poor shlppins demand;
mlXeo grade 2-3 10000 10 butchers
10 5-l0: 10, later sales these to i6. 90
TO; IS and IS ana mixed -
@uO-225 lbs 10 b.6J-l6.S1; around 100
mead mixed - 200 lbs i7IU; thirty
SIX head IS @3u lbs l1.25: and a
torty-two hesu lot mostly Is 20 lbs
az Il 30: mixed 2-3 25U-2SO lbs
scarce, few lots IS 2SO-32O lbs l5 So
1000; mixed grade 2-3 35U-45O ID
sOwS 135O-l4.5U.
Cattle 700, calves none; prime cat
tie absent, steers choice and below
steady with Wednesdays low close
heiters STEADY; cows active, steady to
strong bulls slow, % TO so lower
Vealers practically absent; few sales
Stockers and feeders steady: a few
steers LOO lbs down "A 25-9S 90; good
BOO lbs. at 20 10 mixed good and choice
LOO lbs goo, standard l,225 ID
Holstein steers - 90; few utility dairy
type steers 1850. a part load choice
800 ID heiferS $500: a load mostly
choice $40 lbs al 300: a few loads
and lots mixed good and choice heifers
lew utility and standard l75O-23 90;
utility and commercial cows 1875
1880; few head standard sold up
TO 81 90; bulk Gamers and cutters
Is .O0-1S.O0; utility and commercial
bulls y .2j-23 90; a load of good $50
ID yesrling stock steers $3.50. a load
of GOOD $50 ID feeding steers $500.
Evening star., 1960-03-17
YOUR
MONEYS WORTH
Prosperity, Not Boom
~ SYLVIA PORTER

The pattern emerging with
increasing clarity for the econ
omy is strong, but not spectacu-
lar advance through the year.
The year is shaping up as one
of general prosperity. but not
boom.
What clues indicate this ap-
praisal? Here are some of the
key ones economists are watch
ing:
Clue: Business plans for
spending on new plants. Sur
veys on business spending
plans, taken in late January
February, indicate that all
major industries intend to in
crease spending for new fac
tories and equipment this year
by an impressive IA per cent
plus to a record S37 billion.
This means that industry's
own spending for expansion will
be supporting jobs and pay
checks, particularly as the year
rolls on. But while the spend
ing will be substantial, it won't
be climbing at a powerful
enough rate to start a new
spiral. Strong but not spec
tacular. =.
Clue: Auto sales in the spring.
Despite dreadful weather in
much of the nation, auto sales
are running HIP per cent
ahead of last year and the
spring upturn is still to come.
It's surely too soon to say that
sales OF domestically-produced
autos won't hit the 6,500,000
mark this year.
Nevertheless, the evidence to
date is that the auto industry
will help keep the economy in
a solid advance, but that it
won't start a sharp upswing.
Prosperity, not boom
Clue: Housing starts.
Even the most optimistic
iorecasters anticipated a 1915
per cent drop in building of
new houses this year. Here, a
new angle is that a greater
than-expected availability of
mortgage money at today's
interest rates may keep hous-
ing starts from falling as much
as predicted, and may hold
hem in the 1,250,O00 range.
The housing picture could
De brighter than originally pro-
ected, but from this industry, I
Evening star., 1960-03-17
Bank Loans Decline
For Second Week

Total loans and commercial
loans of Washington's three
largest banks declined for the
second week in a row in the
period ended March 9, the Fed
eral Reserve Bank of Richmond
reported today.
Total loans of Riggs Ma
tional, American Security &
Trust and National Bank of
Washington aggregated $5l4,-
33l 900 on March 9, compared
with $516,022,000 a week ear
lier and also were behind $522,-
716.000 last December 80.
Commercial and industrial
loans amounted to S155, ,034,-
900, compared with $155, 1929
900 a week earlier, but were
ahead s150,449,0OO on Deem
Der 80.
Real estate loans totaled
S138,568, 900 VS.. S138,296,00O a
week earlier and $137,831 900
in December. Other loans to-
tailed S137,295.000 VS.. S138,960,-
900 a week earlier and $780,
1893, 900 in December.
Deposits amounted to ST.
DAG, 100000 on March 9, down
further from $1,051,785.00O a
week earlier and down season.
ally from $1,090,238,00O on
December 80.
Evening star., 1960-03-17
PEOPLE
BUSINESS

Edward Buckenheimer has
been named manager of the
Robert Hall store in Falls
Church and Henry J. Kaufman
has succeeded him as manager
in Alexandria.
Henry De BritO has become
manager of Furniture Galleries,
Inc, at 1927 Connecticut ave-
nue. NV. He is a veteran in
the furniture business.
Robert Standish has been
appointed to the Washington
staff of Ketchum, Macleod &
Grove. He will specialize in
aviation copy.
William r. PAUL. has been
added to the sales staff Of the
Mayflower Hotel. He came here
from Chicago.
John B. Grant has been
named division manager in the
Arlington agency of Prudential
Insurance Co. of America.
Evening star., 1960-03-17
US. foCoVer
Certain Risks
Of Exporters
BY the Associated Press

The Government announced
today it will guarantee Ameri-
can exporters, for the first
time, against losses arising
from such political risks" as
currency restrictions, confiSca-
ton of property or funds, war
and civil uprisings.
AS part of the Government
wide drive to stimulate United
States exports and reduce the
balance of payments deficit,
the Export-Import Bank of
Washington said it will set up
the new system of export
guarantees on export sales
where the credit does not ex-
ceed six months.
The Eximbank president
Samuel c. Waugh, also an
nounced that the bank will ex-
pand its participation with
commercial banks in helping
exporters provide medium term
credit to foreign buyers-one to
five years.
The EXimbank, Mr.. Waugh
said, has authority to make the
innovations, without seeking
congressional sanction.
The guaranty contracts will
cover 80 per cent of the risk
involved in selling abroad where
the risks arise from action af-
fecting the tranSferability of
funds, curbs on imports. can
collation. of import permits, OF
civil commotion.
Details Of the plans will be
announced later, Mr.. Waugh
said, but it is expected the pro-
gram will go into operation
within two months. The Exim-
bank will provide the under
writing through the foreign de-
partments Of commercial banks
and facilities of any insurance
companies which are prepared
to participate.