davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-12-04

Clark of Pennsylvania and ByrC
of Virginia over whether the
Virginian should be purged fol
not supporting the party ticket
and platform.
Avoiding any reference tc
the controversy, Senator Mans
field said he thinks there will
be "a high degree of unity ano
harmony in the party in the
new Congress"
Senator Mansfield does moi
look for any burst of speed
comparable to the first 100 days
of Franklin D. Roosevelt's ad-
ministration in 1888, when new
legislation was pushed through
Congress quickly to deal with
the depression.
The Montana Senator said
there will be no attempt in
January Ito rush things
through" He said the Demo-
Gratis in Congress will move with
deliberate speed" while acting
with the same degree of respon-
sibility under a Democratic
President that they demon
strated during the years a
Democratic Congress dealt with
Republican President Eisen-
hover.
But he said that many of the
items in the Democratic pro-
gram are not new and have
been the subject Of congress
sional hearings in the past.
These would include increas.
Ing the minimum wage. medical
care for the aged tied to socia
security. housing. aid to educa-
ton and Federal help for area.
Of chronic unemployment.
Senator Mansfield expressed
q belief that certain elements
on the Republican side will b,
freer to vote for portions Of tn,
Kennedy program than in tht
past, when they were undel
some obligation to support {
Republican President.
In the last Congress Presi
dent Eisenhower was against ,
number Of the major proposal
in the Kennedy program
Senator Mansfield noted tina
liberal Republicans were highl,
successful in their races for re-
election this year.
Senator Byrd, in his letter t,
Senator Clark. sharply attacke,
the Democratic platform an,
challenged the Pennsylvani,
liberal to try to have him re
moved from his chairmanshil
Of the powerful Finance Com
mittee.
The Byrd letter was prompte,
by a statement issued two week
ago in which Senator Clar,
urged fellow Democrats not t
give chairmanShips or key as
signments to Senators who hav
Evening star., 1960-12-04

manship Of the Foreign Rela-
tions Committee and to ex-
clude him from the committee.
Senator Morse said Senator
Sumner had clashed with Presi-
dent Grant on q matter OF
foreign policy. There have been
a number Of other cases where
men were reduced from chair
man to the ranks, but not re-
moved from a committee en-
tirely.
All indications are that il
Senator Byrd gets a roll-call
vote on his right to continue
as chairman Of the Finance
Committee. he will win de-
cisively.
Evening star., 1960-12-04
Mansfield Sees Unity
For Kennedy Program
BY ]. A. O'LEARY
Star stan Writer

Senator Mansfield of Montana who is expected to be the
Senate Democratic leader predicted yesterday that
President Kennedy will get substantial part of his
program through Congress in 1861
The Senator declined to be drawn into to
any way on the controversy between Democratic Senators
Evening star., 1960-03-16
12,7OO Get Troininq
AtGM's Foirfox Center

ton require quality service on
an ever-expanding scale"
"Awareness of this fact on
the part of General Motors
car and truck dealers is pointed
up by the 1884 class registra-
tions for auto mechanics we
had during 1889" Mr.. st. Au-
bin said.
The training centers also are
used for dealer service man
ayers to discuss technical and
management problems. There
were almost $4,000 participat-
ing in these discussions last
year.
High school and vocational
school teachers also are invited
each summer to attend classes
dealing with the latest automo-
tive repair and service tech
niques. Some BOT participated
in the program last year. They
returned to their classrooms
with up-to-date information for
training high school mechanic
students on repair and service
of GIN cars and trucks. The
teachers received 12.200 hours
of instruction in 81 different
subjects.
Evening star., 1960-03-16
Goetzenberger
Goes to Far East
As ConsuItunt

Ralph l.. Goetzenberger oi
Chevy Chase, Nd, retired vice
president Of Minneapolis
Honeywell Regulator Co., ha:
been chosen the first of five
technical experts to go to the
Far East to assist Japanese in
dustry to improve production
methods and technique. He has
been sent by Work Factor Co.
Inc, of Haddonfield. N. j.. al
the request Of the State De-
partment.
Mr.. Goetzenberger is an edu-
cation consultant with Offices
here and a Work Factor in
strumentation specialist.
He will help Japanese manu-
facturers of paper, fertilizer
gas, steel and chemical fibre
products develop more efficient
techniques and advise on func-
tions of sales engineering and
servicing.
Work-Factor will send all
five of the technical expert;
sought under the assistance
plan. The firm originated the
Work-Factor systems of work
measurement. The State De-
partment program is headed ur
by the International Co-opera.
ton Administration.
Evening star., 1960-03-16

The Fairfax, Va, training
center of General Motors Corp
gave over l17,000 hours OF
training to l2,700 auto me-
chanics from GIN dealerships
during 1859, lie Vern r. Sickle,
center manager, announced to-
day.
General Motors operates
training centers in 80 strategi-
cally located cities throughout
the United States. They sre
manned by full-time instructors
who use the latest equipment
and training aids.
General Motors has provided
10.5 million hours of special
lied instruction for its dealer
auto mechanics and other per-
sonnel since the opening of the
first GIN training center in
1858.
There is a growing need fol
expertly trained auto mechan-
les and other service techni-
cians," said Myrle st. Aubin
director of the General Motors
Service Section. Rapid tech
biological advance and an ex.
ploding motor vehicle popula.
Evening star., 1960-03-16
.VEPCOReports
Rapid Growth
In 10 Years

Operating revenues and net
income of Virginia Electric and
Power Co. have more thar
doubled in the last decade, the
annual report from President
Alfred H. Mcdowell, jr., and
Board Chairman Erwin H. Will
showed today.
Operating revenues Of lS0,-
856,000 for the year were well
above $139.660.000 in 1858 and
contrasted with $50, 2,463,OOO in
1850.
Net for 1859 was S28,l78.0O0
compared with S26.323,O0O in
1858 and S10.118,000 in 1850
Per share earnings were Sl.7O
a share VS.. S1.66 a share in the
previous year.
VEPCO had $665 million in
vested in property and plant
at the year end. compared with
S625 million a year earlier anc
S295 million ten years earlier
Electric customers totaleo
,070 VS.. 720.832 a year earlier
and $4,000 ten years earlier
Gas customers totaled 97,485
VS.. 94,033 a year earlier ano
60,508 ten years ago.
The company had l,72S
stockholders owning 605,96S
shares in the District of Co.
lumbia at the close of 1859
Virginia stockholders totaled
1886 and owned l,608,l67
shares, while Maryland stock
holders numbered l,275 and
owned 296, 1896 shares.
This indicated Washington
area stockholders probably ex-
coed $500 and their holdings
may come close to / million
shares.
Evening star., 1960-03-16
Bank of Maryland
Changes Dividends

Directors or the Bank Of
Maryland have voted to change
dividends to a quarterly rather
than a semi-annual basis start
ing with a quarterly dividend
Of 80 cents, payable March is,
President James P. Casbarian
announced today.
The 30-cent quarterly repre-
sents an annual rate Of S1.20
a share on 59.50O capital shares
now outstanding, compared
with an annual rate Of $3.50
a share paid on $4,000 shares
outstanding prior to a 20 per
cent stock dividend and sale of
additional stock in October and
November.
Annual dividends on increased
stock will total S7l,400. COM
pared with S52.5O0 on a smaller
number of shares a year ago,
Mr.. Casbarian pointed out.
Directors have indicated
hopes the banks 1860 earnings
will justify consideration of an
extra cash dividend in the last
quarter Of this year, he added.
Evening star., 1960-03-16
PEOPLE
BUSINESS

MOreton Price has been
named sales director for the
defense systems division of
General Motors with Offices in
Washington. He has been sales
chief in Milwaukee plants of
AC Spark Plug Division.
Mrs. Julia NJ. Lee, public re-
lations director for Woodward
& Lothrop, has been appointed
t othe Public Relations Com
mittee of the National Retail
Merchants Association.
Henry NJ. Clark, jr., has been
promoted to merchandising
manager for Pepsi-Cola Bot
ting Co. of Alexandria. Va, and
George B. PeveriIl, jr., and
Donald d. Smit were named
Statesmen of the Year.
II. Cochran Fisher, chartered
life underwater, won all three
annual awards of the Joseph F.
Euler Agency of Aetna Life In
surance Co. He led in total
1859 sales and also in special
sales. campaigns.
J. w. Sieg has become gen.
eral sales manager for the
eastern region Of Anheuser-
Busch. with Offices in Newark,
N. J. His territory includes
the District, Maryland and Vir-
ginia.
Roger A. Neuhof was named
special assistant to the Execu-
tive Committee of the board at
Electronic Teaching Labora-
tories, Inc.
Gene E. Mccoy has been
named manager of the Wash
ington branch of the E. F.
Hauserman Co., Cleveland
manufacturer of movable in
terror walls.
Walton OnslOw g. Associates
has opened enlarged Offices at
1928 Jefferson place NV.
Evening star., 1960-03-16

JCdIs
With boom-time conditions
continuing during the year and
a record crop of new investors
buying securities for the first
time, the NASD also found it
necessary to expell 80 members
and deprive 48 securities sales
men of their registration rights,
f. compared with 36 and As, re-
spectively in 1858.
The association suspended
10 members and Is registered
representatives in the year. 1t
collected fines and costs Of $685.
383 from business conduct de-
cisions against 138 firms and
81 representatives.
Wallace H. Fulton, executive
director, released the annual
report at a press conference to-
day in San Francisco, where he
is attending a regional confer
ence of the new association
chairman, Glenn E. Anderson.
with NASD members.
Association membership
stood at 4,142 at the years end,
compared with 1871 a year
earlier, he said.
Member firms had 84,648
partners and representatives
registered and new registra-
tions were being received at
the rate Of $500 persons a
month.
NASD made 1880 examina-
tons Of member books and
records in 1859. or 80 per cent
of the membership. This COM
pared with 2,074 or 80 per cent
in 1883.
The report pointed out that
NASD worked closely with the
Securities and Exchange Com
mission in bringing the question
Of Federal regulation Of vari-
able annuities to the United
States Supreme Court, which
ruled in March, 1859. in favor
of the NASD position that vari-
able annuity contracts are Sc
curities and must be sold to the
public under the same Federal
controls that govern distribu-
ton of other types of securi-
ties.
Robert w. Fleming Of Fol-
ger, Nolan. Fleming-W. B.
Hibbs & Co., Washington. is
chairman of NASD's District
10 committee, and Bernard j.
Nees of Johnston. Lemon & Co.
is a member Of the committee.
Evening star., 1960-03-16
CHICAGO
LIVESTOCK

CHICAGO, Mar. 10 (AP) (USDA).-
Hogs $500: active, uneven. iully so
higher on butchers, instances rs high
er; Sows 25 to mostly so higher: early
clearance; mixed grades 2-3 and mixed
l-2 2OO-250 ID butchers 16.35-l6. .65 (:
mixed l-2 and IS and a few lots Is
190-220 lbs l6.50-l675; IS mixed
l = go lbs 10. s5: mixed grade 2-3 and
3s 250-290 lbs l5.15-16.25, a few
lots IS 260-270 lbs also 10 25: mixed
grade 2-3 350-550 lb sows l3.50-l4.50.
Cattle ll.000: calves 100: storm
market; steers and heifers unevenly
steady to IS higher: closing with ad-
vance largely lost; cows and bulls
steady to strong; COWS closing barely
steady: vealers and stockers and feed
ers steady high choice and prime
steers 29,50-32 so. about six loads
81 so; bulk choice steers 81 7.00-29. so;
load lots mixed good and choice 1850
27 90: most good steers "a 50-26. so;
a load Of standard 1900 ID Holstein
90 25; vealers "a 90 down: load choice
$50 ID feeding steers 2675; load Of
prime l.125 10 heifers and steers
mixed 3075: two loads mixed choice
and prime heifers .025 lbs 29.00;
bulk choice heifers 26.50-2s.0O; mixed
good and choice 25.5O-26-5O: most
good % 3.OO-25.5O: utility and standard
7.50-23 90: utility and commercial
COWS l6 50-l9 so; Gamers and cutters
Is 00-1S.00. few Gamers down 10
IA no: utility and commercial bulls
81 50-2325: load choice $50 ID feed
ing steers 1915.
Evening star., 1960-03-16
Chesebrouqh
BourdVotes
5-for-1 Split

NEW YORK, Mar. ls (AP)
= Directors of Chesebrough-
Ponds, Inc, today voted tc
split the common stock 5-for-l
and said they intend to pay
higher dividends.
The stock split proposal
along with a reduction in the
par value of authorized shares
to 50 from SO, will be SUBJ
mitted to stockholders for ap-
proval at the annual meeting
May 5.
Directors said they intend tc
pay quarterly dividends of %
cents on the new shares, which
would be equal to S4.40 on the
present stock.
The company in recent years
has paid rs cents quarterly
plus an extra of 81 for ar
annual total of 81.
Evening star., 1960-03-16
Short-Term Interest
Continues to Drop

NEW YORK. Mar. 16 (AP).-
Short-term money. market in
terest rates continued to move
lower today.
Commercial paper dealers
cut by 1s of l per cent the
rates on unsecured promissory
notes sold in the open market
for business and industrial con-
Germs.
The new rates range from AZ
per cent on four-to-S month
notes of leading industrial COM
panies to 5 per cent on those
Of less known firms and smaller
finance companies.
The cut follows the reduction
yesterday of major sales finan q
commercial paper and the trim
ming Monday of bankers ac-
.ceptance rates.
These slices came in the wake
of decline in yields on the
latest issue of Treasury 13-
week bills to a seven n-month low.
Evening star., 1960-03-16
Chock Full o'Nuts
Plans Stock Offering

NEW YORK, liar. IS tAP)
-Chock Full o. Nuts Corp.
filed a registration statement
today with the Securities and
Exchange Commission covering
a proposed secondary offering
Of 10000 shares Of common
stock.
The shares are to be sold by
Columbia University through a
nationwide group of under
writers managed by F. Eber-
stadt & Co.
The stock was a gift from
the personal holdings of Will
liam Black. president, to the
university early this year. At
that time a block of 10000
shares was turned over to Co
lumbia. An additional 5000
shares resulted from the 5 per
cent stock dividend declared
two weeks ago.
Proceeds of the sale will be
used by Columbia to build a
new hospital. The tentative
marketing date is around
April 5.
Evening star., 1960-03-16
Acacia Cites
HeavLoan
Repdymenfs

In these times Of tight
money. Acacia Mutual Life
Insurance Co. is benefitting
from a high proportion of
m thly loan repayments
which are returning more than
100000 every working day for
reinveStment at attractive rates.
This was disclosed yesterday
by President Howard w. Kacy
at the annual policyholders'
meeting.
Nearly So per cent Of Acacia s
assets, or more than 1925 mil
lion, is invested in monthly
payment mortgage loans, Presi-
dent Kacy said. More than $50
million Of these are on Wash
ington area properties.
Some companies find it diff
cult to supply SUFFICIENT funds
to meet record-breaking de-
mand for loans, but Acacia's
monthly loan repayments OPP
crate as a big revolving fund
with which to meet this situa-
ton, said President Kacy.
Only Is Of the company's
more than $500 mortgages
had payments more than 80
days past due and Acacia does
not own a single piece of FORE
closed real estate, he added.
Bond investments now account
for 26 per cent Of total assets
and exceed $102 million. No
bonds are in default as to inter-
est or principal.
Final year-end figures showed
that Acacia's insurance in force
totaled $1,795, 900, 900 on De-
cember 81 and assets topped
1895 million. Life insurance
sales exceeded 5000 million for
the first time in 1859 and
showed a gain of more than 56
per cent from 10 years ago.
Surplus funds exceeded $l8
million at the years close, a
gain Of more than 50 million
from a year earlier.
Policyholders reelected nine
directors for three-year terms
at the annual meeting. includ-
ing Bruce Baird, Everett j..
Boothby, j. Edgar Hoover, Dr..
Ralph Cooper Hutchison, Sam
uel H. Kaufman, Alfred G.
Neal, Maj. Gen. Louis w. Prem
tiss, Frank ]. Stryker, and
Lloyd B. Wilson.
Evening star., 1960-03-16
Electric Institute
Elects Huckins
As Director

Ben F. Huckins, new man
ager Of the Washington branch
of Westinghouse Electric Sup
ply Co.. was elected a director
Of the Electric Institute of
Washington today, it was an
nounced by John F. Hanlon,
institute president.
Mr.. Huckins succeeds H. l.
Robinson, who resigned re-
Gently from the board.
The new director came here
recently from Harrisburg. Pa,
where he managed a company
branch. A native of Des
Moines. Iowa, he is a graduate
of Drake University, and has
been with the company 10
years.
Evening star., 1960-03-16
Bendetsen Is Named
Robertson Successor

HAMILTON, Ohio, Mar. 16
(AP).-Karl r. Bendetsen, SO,
an executive vice president of
Champion Paper & Fibre Co.,
yesterday was named president
Of the firm. succeeding Reuben
B Robertson. jr., who was
killed in a traffic crash.
Champion directors, at a spe-
cial session, also elected the
other executive vice president,
Dwight j. Thomson, A, chair
man Of the board, succeeding
Mr., Robertson's father, Reu-
ben B. Robertson, sr.
Evening star., 1960-03-16
YOUR
MONEYS WORTH
Business in Election Years
~ SYLVIA PORTER

1924: Coolidge, G. o. P. Bust
ness and stock prices advance.
1928: Hoover, G. o. P. Busi-
ness up mildly stock prices rise
until late 1929, when the his
toric crash begins.
1882: F. D. Roosevelt, Demo-
cratic. Business and stock prices
up.
1886: Roosevelt, Democratic,
Business up, stock prices sag.
1910: Roosevelt. Democratic.
Business up, stock prices down.
1914: Roosevelt, Democratic.
Business down. stock prices
climb.
1913: Truman. Democratic.
Business and stock prices down.
1852: Eisenhower, G. o. P.
Business and stock prices rise
gently, then decline before the
big advance starts in late
1954-5.
1856: Eisenhower, G. o. P.
Business and, stock prices rise
until mid-1957 when both fall
in the recession of 1873.
Not in this century has the
belief about poor business and
slumping stock prices in a presi-
dental election year had valid
ity.
In fact. if you want to fore
tell the future by using the past
as yardstick, the record Of
this century would suggest that
eight months after this election
business activity will be higher
than it is at this writing-eight
months before the election.
( Distributed 1860 BY The Hall Syn
dieate. Inc. All RIGHTS Reservedj
Evening star., 1960-03-16
Eosier Credit Supply
For Homes Expected

A somewhat easier supply of
home financing is in prospect
for the Nation in coming
months, but relatively high in
terest rates are likely to pre-
vail for more of 1860, predicted
Kenneth G. Heisler, managing
director of the National League
Of Insured Savings Associa-
ton, yesterday at Cincinnati.
Mr.. Heisler said he felt that
Evening star., 1960-03-16
Store Will Ooc1
In Wheaton Plaza

Happy Time Togs. Inc, will
open at the Wheaton Plaza
regional shopping center, at
Wheaton, Nd, on Friday.
The store will operate as a
speciality shop. handling one
and two piece dresses. Catering
to young ladies. infants through
sub-teens, the store will carry
nationally known brands in a
broad price range.
Directors Of the corporation,
Ru \ L. Jones, Leone Lamb and
Andra Borror, will operate the
store.
Evening star., 1960-03-16
American Security
Increases Dividend

Directors Of American Sc
curity & Trust Co. yesterday in
creased the quarterly dividend
to so cents from so cents paid
previously, President Robert c
Baker announced.
This raised the annual rate
to S2.40 a share from 81 g
share.
President Baker said cur
rent earnings justify payment
Of the higher rate. The --latest
payment will be made April
8 to holders of record March
Is.
Evening star., 1960-03-16

large stock of engineering and
drafting supplies and equip
ment.
Representative John r. Foley
of Maryland's sixth district
will cut the ribbon in opening
ceremonies at 10 am. Satur-
day. Door prizes will be given
to visitors.
Cooper-Trent has a Virginia
plant at 2701 Wilson boulevard
in Arlington. 1t provides mi
crofilming services. 1t also has
q large Washington facility.
Evening star., 1960-03-16
NV Sales Gain

CHICAGO, Mar. 16 (AP).-
Montgomery Ward g. Co. re-
ported yesterday that its sales
for the five-week period ended
March 9 totaled S81,876,548 an
increase of $466,329 over the
similar period a year ago.
Evening star., 1960-03-16
Bank of Commerce
Votes Dividend

Directors of the Bank Of
Commerce have declared a
quarterly dividend of $3.50 a
share, President Thomas j.
Groom reported.
The latest dividend will be
paid March 81 to holders of
record on March 81.
Evening star., 1960-03-16
Suburban Trust Co.
Declares Dividend

Directors of Suburban Trust
Co. have declared a regular
quarterly dividend of 40 cents
a share on capital stock, Presi-
dent ]. Robert Sherwood an
nounced.
It will be paid March 81
to stockholders of record at
the close March 81.
Evening star., 1960-03-16
.Cooper-Trent to Open
New Bethesda Store

Cooper-Trent Corp, printing
and engineering supply firm.
will open new quarters for its
Bethesda store Saturday morn
ing.
The new store at 1923 Cor
dell avenue has 5000 square
feet or five times the space
Of former leased quarters at
4703 Hampden lane and was
designed and constructed by
Cooper-Trent.
1t will provide printing and
reproduction service plus q
Evening star., 1960-03-16

interest rates have reached
their peak for the time being
and declared that recent cas-
ing in general money rates lis
a forerunner of somewhat cas-
ier money and credit conditions
this year."
Il do not mean to suggest
that 5 per cent home mortgages
are around the corner" he
added. "On the contrary, we
are in the middle of a cycle of
high interest rates that may
continue for several years."
Evening star., 1960-03-16
Grosch to Speak

Herbert r. j. Grosch, di-
rector of corporate programs
and planning for C-E-I-R, Inc,
will address Washington Chap
ter, Association for Computing
Machinery, on Trends in Com
putting" at the Broadmoor Ho-
tel tomorrow night.
Evening star., 1960-03-16

The slump in the stock mar
ket and the worries about the
strength of the economy are
lending weight to the popular
idea that in a presidential elec-
ton year business always slows
down and stock prices always
drift lower.
What nonsense that idea is
What a massive amount of alb
Surdity is now being spoken and
written about the tie between
business trends, stock prices and
national elections!
Five Vital Facts
Despite the evidence of his
tory, though, the belief -four
ishes. Here are five vital facts
that history tells us.
Cd There's no validity what
soever to the belief that presi-
Dental election years signal
downturns in business.
Quite the contrary. In the
first year after each of the is
presidential elections since 1900,
business has turned up II times,
turned down only four-and
two of those four turndowns
conceded with the catastro-
phes of World War and World
War II.
90 The stock market has dis
played an inconsistent attitude
toward presidential elections,
regardless of outcome.
Stock prices in this century
have risen in nine years after
presidential elections. gone
down in six.
80 Although G. o. P. victories
have been followed in most in
stances by larger rises in the
barometers than DEM
ocratic victories, in two cases
1920 and 1928-the worst eco
nomic crashes of modern times
took place shortly after Repub-
lican triumphs.
~ Prosperous times are just
as likely to come during election
years and are just as likely to
occur under Democratic as
Under Republican administra-
tions.
go In the past so years nc
bull market in stocks has ended
a presidential election
year.
Record Offered
The evidence? Here is the
record:
1900: Mckinley, G. o. P. In
The next year, business activity
doomed and so did stock prices.
1904: T. r. Roosevelt, G. p
In the IL months after this elec-
ton. business climbed sharply
stock prices rose moderately.
1908: Taft, G. o. P. Business
and stock prices up after this
one.
1912: Wilson, Democratic.
Business stable, stock prices
of.
1916: Wilson, Democratic
Business and stock prices down
a bit.
1920: Harding, G. o. P. Busi-
ness and stock prices in slump