davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-03-02
Business Loans
Continue to Rise

Commercial and industrial
loans of Washington's three
largest banks rose another 81
million in the week ended Feb
ruary "a to continue am almost
unbroken rise since last Sep
tember, data from the Federal
Reserve Bank of Richmond
disclosed today.
Commercial and industrial
loans of Riggs National, Amer
ican Security and National
Bank of Washington totaled
$156,921,000 on February "a,
compared with $154,864,0 900 on
February IT, $150,449,000 on
December 80 and $139, ,399, 900
on July 8, 1859, when compila-
ton of these weekly reports
started.
Real estate loans of $685. ,650.-
900 we're down $1,506,000 from
141,156,000 a week earlier, but
were ahead of $137,831,000 on
December 80 and $137,217, 900
on July 8 last year.
Loans on securities jumped
to $14,013,000 on February "a
from $8,279,000 a week earlier
$10,573,00 on December 80 and
$10,147,000 on July 8. 1859.
Other loans of $138,280, 900
Evening star., 1960-03-02
|. Frank Go.
To0pen Store
AtWheatOn

L. Frank Co. will open its sew
enth women's fashion store in
this area in the Wheaton Plaza
regional shopping center at
Wheaton, Md, on Saturday,
March IL, it was announced
today by S. M. Winkler, super
vising manager for the COM
pany's area stores.
The company plans to open
three more stores in the Capt.
tai district within the next year,
Mr.. Winkler said.
The Wheaton Plaza store
will be the sixth suburban unit
opened by the company in the
last five years. The firms
downtown store is at 1900 r
street NV.
The new Wheaton store has
a 35-foot frontage and ITS.
foot depth and has many in.
novations in modern store
decor. 1t will be managed by
Miss Mabel Swami.
Evening star., 1960-03-02
D. c. Securities Firm
Faces Injunction

The Washington regional
Office of the Securities and
Exchange Commission today
pointed out that a Washing
ton brokerage firm operating
under the name of Investment
Bankers of America, Inc, has
been enjoined from further
conduct of a securities business
in violation of the commits
sion'S net capital rule.
A preliminary injunction
was issued by the United
States District Court for the
District of Columbia on Febru-
airy 26, the SEC announce
ment said.
Evening star., 1960-03-02

($4O,OOO less $3O,OOO). But with
the old rule, which you are
free to use for SO, your deduc-
ton would be $4,000. The
$4,000 drop in value of your
property is rs per cent of the
$4,000 value before the fire.
The loss deduction is thus Is
per cent of the deprecated cost
of 100000 or $4,000.
The Treasury also has made
it easier for you to determine
the drop IN value caused by
the casualty. While the cor
rect method is to appraise your
property before and after the
damage, many taxpayers can't
or don't do this. Some years
ago. the Tax Court said that
the cost of repairing the prop
erty could be used as the meas
ure of the drop in value, and
this past year, the Treasury
finally said Eyes" on this too.
If you keep a record of the
cost of repairs. you can use this
instead of appraisals as your
measure of casualty loss - as
long as the repairs don't i'm
prove the value of your proper
ty over what it was before they
were made.
Tomorrow: Other prO-tax-
payer rulings on casualty
losses.
distributed 1860 by The Hall syndi-
cate. Inc. AL Rights Reserved)
Evening star., 1960-03-02
Analyst to Hear
CEIR President

DR.. Herbert w. Robinson.
president of C-E-I-R, Inc,
rapidly growing computer serv-
ice and research firm, will ad-
dress the washington Society
of Investment Analysts at an
Occidental Restaurant lunch
con next Tuesday noon.
C-E-I-R operates the Ma
tion's largest computer inde-
pendent commercial computer
center and has a 95 per cent
increase in sales in it's last fiscal
year. Sales in the first quarter
Of its current fiscal year were
IT'S per cent above a year ago.
Evening star., 1960-03-02
Drug Fair Profits
Rise to $362,948
In SO Last Half

Milton L. Elsberg, president
Of Drug Fair, announces net
profit for the last six months
of 1859 at 1862, ,948, compared
to a 1858 net for the same
period of $309,350.
Gross sales for six months
we're $l3,546.003, a 1874 per cent
rise over the same 1858 period
when the sales were $10,149,-
300. First two months this year
totaled $4,303,165. compared to
1902, ,266 first two months Of
1859.
Drug Fair will open its 44th
store in the Langley Park Shop
ping Center Saturday.
Evening star., 1960-03-02

visit to the new Wheaton Plaza
store of Raleigh Haberdasher.
A lot of the credit for these
stable conditions should go to
the Federal Reserve Board,
said Mr.. Kestnbaum. 1t has
safeguarded the value of the
dollar without curtailing any
sound expansion, he said.
In spite of all this talk about
tight-money, I still haven't
heard of any businessman
being refused a loan for a truly
sound purpose, he emphasized.
Calls Drop Overdue
The stock market decline
was overdue and was caused
by investors preferring to buy
bonds yielding around 5 per
cent rather than leaving funds
in stocks paying as little as 2.5
per cent, said Mr.. Kestnbaum.
The concern over whether
1860 will be a 7-million-car
year doesn't worry Mr.. Kestn-
baum. Actually the automo-
bile commands too large a
share of the American family
pocketbook, he believes. In his
opinion, there should be more
cash for other needs.
Unemployment is at very low
levels and the reported totals
include many persons, who
actually are not employable
Mr.. Kestnbaum added. In only
a very few cities of the Nation
is there evidence of any real
unemployment and wage aver
ages are at record levels, he
emphasized.
Clothing Prices to Rise
Families may be operating
two cars now but the size of
mems wardrobes has not
changed much in the last 10
years, Mr.. Kestnbaum said.
Prices of mems clothing have
not gone up nearly as much as
the general average Of manu-
featured goods during the
period, he pointed out. How
ever, a new labor contract will
increase prices this fall, he said.
Mr.. Kestnbaum praised the
arrangement of the new Ra-
leigh's store and the display
of goods. Raleigh's has sold
Hart, Schaffner & Marx suits
since the firm started opera
tions in the Raleigh Hotel in
1911. Since 1941, the Wash
ington firm has been exclusive
retailer here for this line of
mems clothing.
Leading area merchants and
bankers also were among the
visitors attending a preview
reception in the new Wheaton
Plaza store which opens to-
morrow. Sidney Lansburgh, jr.,
president of Raleigh's, and
Leonard Pollack, manager of
the new store, were in the re-
ceiVinp line
Evening star., 1960-03-02

showed little change from
$l38. 100000 a week earlier,
S139, 1893, 900 on December 80
and $141,4O1, 900 on July 8 last
year.
Total outstanding loans or
$519,643,000 were up S6,l04,0
from $5l3,539,oOO a week earlier.
They compared with $522,716,-
900 on December 80 and $685.
893, 900 on July 8.
Evening star., 1960-03-02

ness loss deduction up a circuit
court-which held that the
rule used for non-business
property also should apply to
business property. After re-
studying its position, the
Treasury now agrees that the
court was correct.
And to make its changed
viewpoint even sweeter, the
Treasury will let you choose,
for 1859 and for any earlier
years not yet closed by the
statute of limitations, between
its old rule and it's new rule
your choice depending, of
course, on whichever rule is
better for you.
Figure Both Ways
Most persons will find that
the new rule gives them a big
ger deduction. But the old rule
can be more advantageous if
your property had fallen in
value before the casualty
That's why you should figure
out your loss both ways and
choose the method which bene-
fits you most.
In contrast to the above illus
tration showing the advantage
OF the new rule, here's an ex-
ample in which you'd benefit
by using the old one. Assume
that your property has a de-
preciated cost of 100000. It
had a market value of $4,000
before the fire, only $4,000
afterward. The deduction under
the new rule would be $4,000
Evening star., 1960-03-02
Business
7 rode Outlook Good,
Despite Stock Drop,
Kestnboum Declares
By DONALD B. HADLEY
Star Financial Editor

The decline in the stock market has changed the
tional outlook for prosperous in 1860 declared
Meyer Kesnbaum president of Hart Schaner & Marx and
assistant to President Eisenhower, last night.
Employment and buying remain at high levels
there signs of business recession, declared
Evening star., 1960-03-02
TREASURY BONDS

NEW YORK. Mar, 2 (AP).-Yester.
days closing oyeT.the-counter United
Evening star., 1960-03-02
OVER COUNTER

Washington listings on over -the-
counter markets furnished by the Ma
uonal Association Of Securities Dealers
as OF i pm. March ., 1850:
Evening star., 1960-03-02

seconds.
Subject TO Federal taxes but not to
State income taxes.
Evening star., 1960-10-12


N
Midnight, 1860.
Evening star., 1960-10-12

very. very carefully to what I
am going to say" t
Just once in his speech, he
departed from his prepared
text to say "one reason / am
glad l am q Baptist is that
nobody dictates to me as a
Baptist"
Much Of the criticism Of Sen
ator Kennedy's religion has
come in Texas from Baptist
ministers. His reference to his
own religion drew the warmest
round Of applause which was
mixed with laughter.
Mr.. Truman said that re-
ligious prejudice has been in
ljected into the presidential
campaign, and "it makes me
want to fight and that is what
I'm doing"
THE worst part Of this anti
Catholic campaign is not the
public discussion. but it is the
underground campaign of def
Iamation," he added.
Evening star., 1960-10-12

Corners are
recessed
allow space
fer the folds
OF the blanket
at the foot Of
the bed. Give
the smoothest
neatest bed
you ever
made. It's
another SsalN
exclusivei
Evening star., 1960-10-12
Morton Irked
By Truman
Speech
BY the Associated Press

The Republican n national
chairman has called on Senator
Kennedy Of Massachusetts, to
repudiate statements made in
a Texas speech Monday night
by former President Truman.
Senator Thruston B. Morton
of Kentucky also filed protest
with the Fair Campaign Prac-
tees Committee over what he
called Mr.. Truman's smear at
tack.
In a San Antonio speech, Mr..
Truman said Texans who vote
for Vice President Nixon. the
Republican presidential candi-
date, ought to go to hell. At
a press conference Mr.. Truman
said Mr.. Nixon never told the
truth in his life.
This registers the strongest
protest possible at the despic-
Evening star., 1960-10-12
Truman Hits Bigotry
In Texas Appearance

WACO, Tex, Oct. II tAP).-
Harry S. Truman told a crowd
that cheered him "a times last
night that the time has come to
bury "once and for all this
question Of religious bigotry" in
the presidential campaign.
The former President, speak
ing almost without a wisecrack,
said that the religious issue
should never have been raised
in the first place.
He came to this Central
Texas AREA hot-bed of dis
cussion over Senator Kennedy q
Catholic religion-in a planned
effort to nail the religious
question once and for all in
Texas.
He devoted more than hall
Of his 30-minute speech to q
discussion of the presidential
nominees religion after telling
the audience twice, Now lister
Evening star., 1960-10-12

which seemed hardly In tune
with the liberal Democratic
platform. He also sought to
make it clear that. as the
Democratic candidate who has
received the hearty indorse-
ment Of most organized labor
he is not beholden to any group
"A National Party"
"Ours is a national party
he said. 1T draws Its support
from all segments Of the COM
munity. over the years it has
benefited greatly from the pub
lie and political service, sup
port. advice and assistance OF
American business leaders.
LAS the party's standard
bearer today, I need-and
ask-the support and help OF
our businessmen, and ! would
do the same In a new Demo-
cratic administration.
1T will not be a business
mems administration but
neither will it be a labor admin
'istration-or a farmers admin
'istration. 1t will be an admin
istration representing, and seek
ing to serve, all Americans"
Answering Mr.. Nixon's at
tacks, Senator Kennedy said
both candidates are opposed to
unnecessary Government inter-
vention in the economy. to un-
balanced budgets and central
lied government. Big govern
ment, he added. is not the is
sue when the party which has
made it an issue "has expanded
the Federal payroll to an all
time high. operated at an $1S
billion deficit. increased the
debt limit five times. caused
the highest peacetime deficit
in our history, and spent two
thirds as much money as all
previous administration put
together"
AS for himself, Senator Ken
nedy said, Il do not believe in
big government-but I do be-
lieve in effective government"
He called for steps to increase
the rate Of economic growth
relieve unemployment, prevent
periodic recessions, stabilize
Evening star., 1960-10-12
LODGE PROPOSAL
MAKES NO SENSE,
FLEMMING SAYS

SACRAMENTO, calf.
(AP). Henry Cabot
Lodges proposal for Fed
eral aid to parochial
schools makes no sense"
says fellow Republican
Arthur S. Flemming, Presi-
dent Eisenhower's Secre-
tary Of Health, Education
and Welfare.
The Secretary told a
news conference yesterday
the proposal of the G. o. P.
vice presidential candidate
is an idle gesture because
Congress wouldn't ap-
prove it.
Mr.. Lodges proposal to
give aid to parochial ele-
mentary and secondary
schools exceeds the recon-
mendations of his running
mate, Vice President Nixon,
Mr.. Flemming said.
He said he didn't know
whether Mr.. Nixon will
later extend his own pro-
posals beyond providing
Federal help just for sec
tartan colleges.
Evening star., 1960-10-12

able campaign tactics of your
colleague and cohort, Harry
Truman such profanity in
your campaign is outrageous"
Senator Morton said in a tele-
gram to Senator Kennedy, the
Democratic presidential candi-
date.
He said Mr.. Trufnan's state
ments comprise the Lowest of
the low-road tactics"
The D ocratic national
chairman, Senator Henry Jack
son Of Washington, commented:
For the party which labeled
Mr.. Truman a traitor and i'm
pugned the loyalty of Sena-
tor Kennedy, Senator Morton's
statement wins the champion
ship for election year hypoc-
risy."
Evening star., 1960-10-12
KENNEDY
Senator Drives Hard
For New York Votes

ocratic Party is "one of the
great political myths of our
times"
Then he added: "The busi-
ness community has we'll served
the Democratic Party-and !
believe the Democratic Party
has we'll served the business
community"
This was one of a dozen ap-
pearances scheduled for Sena-
tor Kennedy as he began an
18-hour day of campaigning
here.
1t started off with a break
fast with Mrs. Roosevelt, who
once questioned whether Sen
ator Kennedy was the best
Democratic hope for President.
Included was a tour of popu-
lous Long Island, review of a
Columbus Day parade, two
rallies in Harlem and, tonight,
a speech before Democratic
fund-raising dinner, with James
A. Farley, the political stra-
tegist of the Roosevelt era, at
his side.
More Visits Exnected
This was the Democratic
nominees third visit to New
York,S which has as electoral
votes. Three more visits. it is
understood. are in the offing.
In much the same pattern
of concentrating in States with
large electoral votes. Senator
Kennedy is planning to center
his campaigning until the No
vember s election here and in
Pennsylvania, Ohio, Michigan
and Illinois. Repeated visits
have been scheduled for those
States. The nominees visits
to other areas will be largely
one-day, one-shot affairs.
Part of Senator Kennedy's
time here has been devoted
to trying to heal the breach
between the regular Demo
cratic organization, headed by
New York Chairman Michael
Prendergast, and the liberal
wing lead by Mrs. Roosevelt
and former Senator Herbert
Lehman.
Importance Stressed
The nominee, who was met
by Mayor Robert Wagner and
Mr.. Prendergast when he ar
rived here last night, paid the
visit to Mrs. Roosevelt at her
apartment before embarking on
another day of arduolS cam
paigning.
1t is the feeling in the Ken
nedy camp that the political
mood in New York may we'll
set the pattern for Pennsyl-
vania and the other big States.
For that reason, the Senator
and his staff spent long hours
on his economic speech for the
business publication conference.
The advance text had been
promised at 5 pm. Yesterday;
it was about five hours later
when it actually became avail
able.
In it Senator Kennedy spelled
out a conservative approach
Evening star., 1960-10-12
Pupils Stage
Moss Boycott

CHARLESTON, S. c., Oct
IL (AP).-A mass boycott Of
Charleston city schools by
Negro students started here
today. The Negroes are pro-
testing overcrowding.
Charleston School Supt
Thomas D. Carrere said only
5O2 out Of s,Ol5 Negro stu
dents of School District 20
showed up for classes today.
The Negroes are enrolled in
Evening star., 1960-10-12

eight schools In a district that
includes nearly all of the city.
II can not say what action
will be taken" Mr.. Carrere
said. THAT is up to the Board
of Education"
The most absences were re-
ported at the Courtney gram
mar school, a center of the con-
stroversy. Mr.. Carriere said
only three of the schools 1902
students reported for classes
today.
Parents OF students at Fourt-
ney are protesting overcrowd-
ing and the use of split sessions
for seven classes. The boycott
started at Courtney yesterday.
Evening star., 1960-10-12

prices, and assure a better bal
ance of payments to prevent the
drain upon this country's gold.
He said the Democratic ad-
ministration would use none
tary policies more flexible than
the Republicans and would de-
pend on what is called a cyclical
budget as an instrument Of eco
nomic stabilization. BY this
method. he explained, surpluses
in boom times would be used to
retire debt and an opposite pol
icy would be followed In times
Of recession and unemployment.
He said it would be a less
costly policy in the long run,
and added: Il submit that this
is not a radical fiscal policy.
1t is a highly conservative one. I"
Evening star., 1960-10-12
"Great Political Myth"

This came in a speech this
morning before the conserva-
tive Associated Business Publi-
cations Conference. In tones
of moderation, the Democratic
nominee said the assumption
of a conflict between the busi-
ness community and the Dem
Evening star., 1960-10-12
KENNEDY
Continued From First Page

Continued From First Page
ment at the State Department,
Senator Kennedy told news
men that he was going to check
into just what Mr.. Lindsay had
said. The nominee also said
the three elements in his own
thinking with respect to the
dispute over the offshore is
lands are:
/. That any action taken by
the United States should be
clearly in the defense of For
mosa: 2. That it be IN the
interest of the United States,
and 3. That an area be de-
fensible before the commit
ment of American troops.
The responsible thing" he
said, lis to draw a line and
to mean it."
Senator Kennedy said that
he intends to set out his posi-
ton fully on the dispute at a
$100-a-plate Embarrassing din
ner here tonight.
AS he left Mrs. Roosevelt's S
home, Senator Kennedy took a
slap at the Vice President on
the question of a fifth television
debate near election time.
Senator Kennedy has accept
ed an offer for another such
encounter while Mr.. Nixon has
proposed that the scheduled
fourth debate october 81 be
taken over by the vice presi-
Dental candidates and that he
and the Democratic nominee
meet later in october for a
two-hour discussion of foreign
policy.
Negotiator Named
I'D like to meet Mr.. NIXON
again." Senator Kennedy said.
Il am surprised that he isn't
anxious to do So"
He emphasized that he wants
to meet his Republican rival
near election time and said
II don't care how long it is"
He said he had designated
J. Leonard Reinsch, his tele-
vision adviser, to negotiate with
the Nixon people about the de-
bate.
With all reports indicating
that the Democratic nominee
is running ahead of Vice Pres
ident Nixon, the Republican
candidate, in this pivotal State,
Senator Kennedy has under
taken to cement his advantage,
if it exists, on all fronts.
AS part of an overall STRAIT
egg, he sought to reassure the
business and financial COM
munity that a Democratic
administration. more than a
Republican regime, would fur
ther the country's economic
welfare.
"Great Political Myth"
This came in a speech this
morning before the conserva-
tive Associated Business Publ-
cations Conference. In tones
of moderation, the Democratic
nominee said the assumption
of a conflict between the busi-
ness community and the Dem
Evening star., 1960-10-12
No News Conference

President Eisenhower, for the
fifth week in a row. was not
having a news conference today.
The White House gave no rea-
son for the Presidents decision
not to meet with newsmen.
Evening star., 1960-10-12
ltoIy Feels Quuke

COSENZA, Italy, Oct. IL
(AP). - A strong earthquake
shook this Southern Italian
town for several seconds this
morning. People ran into the
streets in panic, but no damage
was reported.
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-10-07
Business Career DqV
In Sdinf Paul
veFV Successful

Success" was the topic of Mrs.
Crystal Burgess Marmon's Bus
mess Career Day speech One
hundred and twenty-five persons
attended the Pragmateia-U Urban
Leagues Business Career Day at
Maxfield School, Saturday, Octob-
er /.
The native st. Paulite, now d.
rector of Planning and Methods
for johnson Publishing Co., Chi
cago, Publisher of Ebony, Jet and
Tan Magazines, outlined for the
audience, four steps to success:
a. select realistic goals; (2) work
hard; 49, continue your education
and; a. maintain a peace of mind.
Mrs. Marmon went on to cite
many examples Of Self-containment
that eventually resulted in reward
ing achievement.
olC dLDO SdlA0 I4L0I q SAS0ICA CA-
fort by the practitioner to reach
youngsters should be exerted, in
order to keep the student aware Of
new job opportunities.
Mira Jerry Robins and Mrs.
KneeIy Williams, co-chairmen of
the event, presided at the sessions.
Maxfield School was the scene
of the Third Annual Career Day.
tn day began with welcome state
ments by Mrs. Victor Galloway,
President, Pragmateia Sorority,
and Mr.. Ernest c. Cooper, Execu-
tive Director, st. Paul Urban
League.
Mrs Bonita Nellie. Scholarship
Chairman, presented the Scholar
ship Award to Miss Gloria Chand-
Ter.
Each of the three Workshops
held, were quite Informative. Mrs.
Audrey Briggs, Consultant for the
Workshop on the administrative
secretarial field, in pointing up the
growth of the field, said that in
Minneapolis spokesman. [volume] (Minneapolis, Minn.) 1934-2000, 1960-10-07

gamer, II one Of the hardest run
ners in the Big Eight. Atkins, New
Mexico State senior, was the top
rlsher last year with s71 yards
with a IL average. johnson, BROTH
er Of decathlon champion Rafer
Johnson, is the spearhead Of UCLA
attack from the tailback position.
Billy Brown, with New Mexico,
was the highest ground-gainer In
the nation with a 10 average but
less yardage than Atkins
The Big Ten again has the
harvest Of tan performers. Iowa,
Illinois and Minnesota have tan
quarterbacIxs wilbur Hollis
for the Hawkeyes; Mel Myers
for the Illinois, and Sanford
stephens for the GOphers.
Herb Adderly, senior at Michigan
State, is regarded as one Of the
Big Tens best halfbaclxs. Michigan
has a speedster in Bonnie McRae,
a junior halfback. Ohio State has
shifted Bob Ferguson to fulIback,
where he is expected to reach star
dom. Willie Hunter is returning at
tailback for Indiana, but Is ex-
pected to be used mainly on de-
tense, with the wild-card substitu-
ton now in effect. Moses Gray,
a veteran tackle is also back with
the Hoosiers.
One of the smallest, and most
elusive backs, is senior Jim Tiller
CSC, 1917 for Purdue. Willie Jones
is slated as regular fNlllback for
the Bollermakers,
Illinois has a potential star In
a 256-pound tackle. The nlini has
fast backs in Ethan Blackby and
Marshall Starks, but win miss
Johnny counts, declared lnenSlple
for scholastic reasons.
Scattered about the country are
such performers as these:
Hobie Armstrong, a sophomore
halfbaclS at Harvard; Billy Triplett,
brother of Mel of the pro football
New York Giants, fulIback at
Miami (Ohio); Roland Lakes, cent
er at Wichita; Brad Keys, Colorado
State breakaway runner; Charlie
Mitchell, fleet sophomore, and Ray
jackson, senior fullback, team
mates of Fleming at Washington,
and Nolan Jones, shifty halfback
at Arizona State.