davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-06-27
YOUR
MONEYS WORTH
Money Flight From Africa
~ SYLVIA PORTER

The flight of Western capital
from the Belgian Congo has
reached panic proportions in
anticipation Of violence when
the Congolese become independ-
ent this week.
Six weeks ago the United
States dollar could be bought
for a bit more than the official
rate of so francs. Today, a
United States dolla- commands
80 francs or more. White set
tiers in the Congo can't re-
move their fortunes invested in
farms, real estate, mines, in
dustry-but they can. by pay
ing a stiff penalty, remove their
cash.
The increasing power of the
Soviet Union in ths newly in
dependent African nation of
Guinea is seeding the Guinea
franc to new low after new
low in the black markets.
A short while ago so per cent
Of Guinea's trade was with the
West, 20 per cent with the East.
Today, 80 per cent of its trade
is with the East, &c per cent
with the West. To get a United
States dollar today a Guinea
resident must pay a 80 per cent
premium.
Major Changes Predicted
1--WE are about to see a whole
new cycle Of currency deaths
and the destruction of the
white mans investments in
Africa easily could run into
billions of dollars" forecasts
Franz Pick, the internationally
known currenc yanalySt and
specialist in currency markets.
"As yet European monetary
experts tend to belittle the
trend, and United States ex-
pertS seem scarcely aware of
it. But in the currency deaths
you can trace the convulsion of
kthe African continent, and SO
far, the white man-particu-
larly the Western white man
is losing at a terrifying speed"
To world economists and
businessmen, Africa is a con-
tinent rich in raw materials
which are vital to the free
world. Africa supplies more
than half the free worlds new
gold and industrial diamonds
one quarter of its copper, one
tenth of its lead and zinc. II
has the largest store of urani-
um on the globe, rs per cent ot
the worlds cobalt supply, sc
per cent of its antimony, huge
totals of chromium, cadmium
beryl, etc.
Also to world authorities
Africa'S race toward independ.
ence marks the opening of 6
challenging, dangerous era.
There are at present % cur.
rencieS functioning in Africa
indicative Of the upheavals &C.
companying the takeovers BY
native politicians is the in.
crease in black markets. Mo-
only does the dollar command
premiums of 80 to 80 per CEN
in the Congo and Guinea. II
also commands a premium ol
43 per cent in Egypt, 27 pei
cent in the Sudan, % per cent
Evening star., 1960-06-27
Midyear Shows
Less Buoyancy
In Business
By STERLING F. GREEN
Associated Press stan Writer

Associated Press stan Writer
There's less business buoy
ancy this June than there was
in January. Still. the midyear
finds many more optimists
than pessimists in Washington
A majority of economists in
terviewed predict the economy
will keep on making gains
and setting records throughout
1860, and possibly beyond.
But the rate of advance has
slowed markedly. 1t may slow
further. National output prob
ably will show less growth in
the last part of the year than
it did in the first quarter alone,
BY the year end, in the pri-
vate view of government and
industry economists, the econ
omy'will be moving on a high
plateau having only. a slight
incline.
Outlook for 6 Months
The time to watch out for a
recession, if one is in the offing
is in early or middle 1861, some
of the experts believe.
Meantime the outlook for
the second half of 1860 is for
/. A national output totaling
about $507 billion worth Of
goods and services. That is
lower, by around SIS billion
than the average of the New
Years forecasts. 1t would be
51a per cent better than last
years Gross National Product,
however.
2. A stable cost of living
Consumer prices are expected tt
advance by not much more thar
L per cent during the entire
year, in spite of the May bulge
caused by bad crop weather.
3. A rather sluggish job pic
ture. Employment keeps setting
records, but it is not full EN-
ployment. JobleSSness is stay
ing stubbornly close to 5 PEI
cent of the working force. com
pared with 4 percent or less il
recent years of high prosperity
4. Rising incomes. Total per.
sonal come probably ha!
topped by now the $400-billior
mark; it reached $399.5 billior
in May. The ste dy rise ot
wages, salaries and other form!
of income has, surprised man.
economists. Income rose during
the 1859 steel strike and thii
years March weather setback
S. Strong consumer demand
Most economists believe tn,
consumer is the real key tt
business growth in second-hal
1860. The house holders provel
willingness to borrow and spenI
should offset an already visibl
showdown in business outlayS.
6. Easier credit. The Fedora
Reserve Boards decision ol
June 3 to cut the discount rat
the interest charge on none,
it lends to banks-amounts t.
a proclamation that the boar,
will WELD its huge money powe
to stimulate business activity.
Curious Effect
The boards move had a GU
lriously stimulative effect. MIN
times out of 10 in the past
businessmen would have takel
Evening star., 1960-06-27
Schneider Heads
Emerson Research

Stanley S. Schneider has
been appointed vice president
in charge of operations Of the
Emerson Research Labora-
tories, a division of Emertron,
Inc, 1140 East-West Highway,
Silver Spring, Md. This was
announced by DR.. Harold Gold
berg, first vice president. Emer-
tron, a subsidiary of Emerson
Radio and Phonograph Corp,
is now engaged in a wide va
riety of military electronic ac-
tivities. Mr.. Schneider was di-
rector of engineering of the
Magnavox Company and holds
a number of patents.
Evening star., 1960-06-27
Washington Cos Co. s
Net for May Is OFF

The Washington Gas Light
Co. said today it had a loss
of $89,051 on its May opera
ton against only $55,347 for
May a year ago.
The company said for the
five months of this year, net
income aggregated $7,452, ,440
compared with $6,422,792 for
the same period last year. The
company had 392,392 GUS
toners meters in service the
end of May, a gain of 1885
over the number a year ago.
In the year the company's
property, plant and equipment
account increased $12,72l, 1878
to $161,130,631.
Evening star., 1960-06-27

Counting nameplates, a lead
ing automobile observer re-
minds us that 1861 will see a
total Of 10 compact cars on the
market, plus imports.
This could create a situation
in which the manufacturers
are putting so many cars in
the market places that the
public cant make an intelli-
gent choice"
WalIy Parks, editorial direc-
tor of Motor Trend and Motor
Life, says keeping up with the
cars could become as complex
as following the stock mar
ket" and could lead to pub
lie confusion followed by
apathy"
"The danger" he says, "is
that the individual motorist,
faced with what he regards as
an impossible task of evalu-
ating every car, will retreat
into a shell of indifference"
Expanded coverage Of the
expanded market by daily press
and magazines. he believes,
can help to prevent this.
4
It's later than you think,
but just about time for the big
summer sell" season. Over
the Nation, dealers have about
IA million 1860 cars on hand
and about 80 business days be-
fore the 1861 models begin to
appear. Production will begin
to slow down next month and
sales efforts are expected to
surge. Experts call it the best
time of the year to bargain
hunt.
Virtually all introduction OF
the new models will be accom-
plished by early October; some
of them as early as late Sep
tember.
Many a tourist must have
been given quite a start al
the sight of a Chrysler rolling
serenely along the Indiana anC
Ohio Turnpikes and the De.
Itroit Toledo Expressway with
its right front wheel missing.
Calling it the first long-dis.
ltance three-wheel, body-Stabil-
Iity test, Chrysler loaded a tor
of weight into the trunk. tool
off the right front wheel anc
two engineers made the dis
tance run at an average Of Al
miles an hour. Only special
equipment on the car was heavy
duty suspension components
used to support the extra trunk
load.
The Motor Maids Of Amer
Evening star., 1960-06-27
Ford Compact Truck

DETROIT, June 81 (AP).-
Ford announced another COM
pact truck today, this one with
a 96-inch wheelbase. The new
truck is a parcel delivery model
using either the 90-horsepower
Falcon engine or the standard
l39 horsepower Ford truck
engine.
Evening star., 1960-06-27
METAL PRICES

NEW YORK, June 81 CAP) Spot
metal prices today: Cop
per, 81 cents q pound, CONNECTICUT
York. Zinc 13 cents q pound, East
st. Louis. Tin S1.01T q pound, New
York. Foreign silver 913s cents per
troy ounce, New York
was quoted By Iron IRON Sse @ a. 80. 90 81 90.
Evening star., 1960-06-27
Capitol AirIines to Pay
Interest to Vickers
And on Debentures
By WILLIAM A. MILLEN
Star stan Writer

Normal interest payments will be resumed by Capital Air
lines whose New York court involving financial difficulties
has been postponed until July H. officials said today
Armstrong; Ltd which seeking to collect $34
million in overdue payments Capitals feet of Vscounts
through foreclosure has granted the day extension The
Evening star., 1960-06-27
Businessmen to Hear
Comdr. J. M. MuIIoy

Comdr. John M. Malloy of
the Navy's Supply Corps, staff
director of the Armed Services
Evening star., 1960-06-27
OVER COUNTER

counter markets furnished by the Ma
tional Association of Securities Dealers
as of l pm. June 27:
Evening star., 1960-06-27

director until December 81
Evening star., 1960-06-27
Curious Effect

The boards move had a Gu
riously stimulative effect. Nine
times out of 10 in the past,
businessmen would have taken
Evening star., 1960-06-02
FqmiIy-StyIe Casserole

Tonight for a change, treat
the family to a new-tWe cas-
Serole one featuring
Clipped beef in combination
with chopped green pepper
and onion, seasonings, grated
American cheese chopped
ripe olive and cooked maca-
roni.
More and more, home
makers are learning to use
such versatile meat items as
canned meats, sausages and
dried beef, more commonly
known as Clipped beef, in
everyday dishes.
Clipped Beef Casserole
5 ounces Clipped beef,
cut in strips
2 tablespoons chopped green
pepper
! tablespoon chopped onion
2 tablespoons flour
Evening star., 1960-06-02

2 tablespoons butter or
margarine
2 cups milk
"a teaspoon thyme
ls teaspoon marjoram
l cup grated American
cheese
12 cup chopped ripe olives
2 cups cooked macaroni
Cook green pepper and on
ion in butter or margarine
until tender, about 5 minutes.
Stir in Hour and gradually
add milk. Cook. stirring con-
stantly, until thickened. Add
thyme, marjoram and cheese.
Stir until cheese melts. Mix
sauce with chipped beef,
olives and macaroni. Pour
into a creased 11a-quart cas-
serole. Bake in a moderate
oven $3.50 degrees F. 20 to 30
minutes. Yield: Four servings.
Evening star., 1960-06-02
Danish Blue
Dressing
l envelope classic salad
dressing nniY

l envelope classic salad
dressing mix
2 tablespoons vinegar
2 tablespoons water
% cup olive or salad oil
q cup dairy sour cream
p cup Danish blue cheese,
crumbled
Prepare salad dressing mix
with vinegar. water and oil
according to package direc-
tions. Beat salad dressing into
the sour cream until thor
oughly blended. Add blue
cheese, mix lightly. Serve in
sauce boat to pour over as
sortment of chilled cooked
and raw vegetables such as
cauliflower, green beans, car
rots, celery, sliced tomatoes,
onion rings and crisp greens.
Evening star., 1960-01-20
Correct This Mistake

Bills to correct an inequity of the
1858 Military Pay Act which, in effect,
has created privileged" and under
privileged" classes of retired military
personnel have been introduced-thi
time with the blessing Of President
Eisenhower. The chances are good,
therefore, that this legislation-previ-
ously opposed by the Budget Bureau and
the Pentagon, will be passed in the near
future. Congress certainly should do it's
part in removing the discriminatory re-
tirement-pay provisions of the present
law.
The 1858 legislation scrapped the
time-honored relationship between &C
tive-duty and retirement pay in the case
of officers retired before June /, 1858.
Instead of giving these already retired
officers the same pay benefits as those
who retired after that date, flat per
cent raise in retirement pay was decreed
for those then on the retired list. How
ever, personnel retired after the cutoff
date were given substantially higher in
creases, geared to the general increases
in active-duty pay. The new plan justifi-
ably was protested by many veteran
officers of the armed services, including
those who had served their country in
combat.
Defense Secretary Gates, in letters
to the chairmen of Senate and House
Armed Services Committees, has an
nounced that the administration has
"restudied its earlier position" on the
issue and now believes it "only equitable
and fair to re-establish the traditional
relationship between active-duty pay
and retired pay" Apparently the earlier
position" was an economy move, the i'll
effects of which had not been foreseen.
The mistake should be remedied, with
retroactive benefits to those who were
penalized for retiring too soon.
Evening star., 1960-01-20
No Deal in Steel

The high point of Roger Blough'S
Miami speech was his categorical denial
of the accusation that the steel indus
try bowed to a demand from the Vice
President that an increase in steel prices
be held off until after the election.
The chairman of United States Steel
Corporation said fatty that mo such
commitment was asked and none was
given" Mr. Blough made it clear that
as far as he is concerned the question
Of an increase in steel prices, if higher
costs under the new contract with the
union make some increase necessary,
will be determined by competitive and
other factors"
This denial of any political agree
ment is consistent with statements
which have been made by both the
President and Mr.. Nixon 1t will not
satisfy those, including certain Demo-
cratic politicians, who fear that the
Vice President may benefit from his
role in the strike settlement, and who,
IN consequence, have been shouting
deal" Nothing would satisfy them,
presumably, except a stiff steel price
increase prior to the election-an item
OF proof which we hope will not be
forthcoming. AS for most Americans,
however, our guess is that they will
accept at face value what Mr.. Blough
has said about this aspect of the settle
ment.
AS matter of economic common
sense, and Mr.. Blough spelled this out
in persuasive fashion, there is ample
reason why the steel industry should
be reluctant to boost its prices. For
one thing, from the induStry's point of
view, this is relatively good contract.
1t is not as good as the industry wanted,
but 1t will increase costs in relation to
productivity only about half as much
as the 1856 contract. And the eventual
increase may be less than this if any,
thing comes of the formula agreed upon
for studying means of improving eff
cheney. More important, however, is
the steel industry's competitive posi-
tion. 1t is threatened by loss of foreign
markets, by rise in imports of cheaper
foreign steel and by the increasing use
OF substitutes for steel IN this country.
In this situation it would be stupid for
the steel industry to boost its prices for
greed's sake. Mr. Blough's remarks do
not impress us as those of man who
is stupid or even greedy.
Evening star., 1960-01-20
Lowering the Boom

The organization boys" in Rich
mond once again have punished Alex
andria's State Senator Armistead Boothe
by handing him a list of relatively
unimportant committee assignments.
Since Senator Boothe is man of con-
siderable ability, it is reasonable to
assume that this is form of petty
retaliation for his unWillingneSS to bow
to the dictates of the organization -
an unwillingneSS most recently mani
tested by his decision to support Cover
nor Almonds abandonment of massive
resistance"
This, we suppose, is CALLING to the
Alexandria Senator. 1t Is not too i'm
portant, however, and we do not think
it will hurt him with his constituents,
who returned him to Office last year by
very large majority.
More disturbing are the indications
that the die-hard segregationists in the
Virginia Legislature are equally bitter
toward the Governor, and that they
intend to lower the boom on him by
blocking his legislative and tax program.
They may have the votes in stacked
legislative committees to do this. But
II they are successful it will not be
Governor Almond who is really hurt.
AS with Senator Boothe, he can ride
out the storm. Those who will suffer
are the needy people and institutions
Of Virginia who would be the principal
beneflciaries Of the Governors legis-
latiVe-and tax-program.
Evening star., 1960-01-20
Unfair to BoIdheods

The uprising in Quebec against
an increase in haircut rates from 81
to $1.25 is an understandable reaction
against rising prices of nearly every
thing. The men of the city of Sher-
brooke have registered their protest
by organizing the G.W.O.I.P.H.S.,
which stands for the Committee of Gen
tlemen Who Oppose the Increase in the
Price of Haircuts in Sherbrooke.
We do not know whether the bar
bers of Sherbrooke are justified in boost
ing their prices or not-although they
are probably suffering the effects of
Evening star., 1960-01-20
Imported Talent

An employe Of the District
government is paid almost
entirely out Of the pockets
Of District taxpayers. When
the employe lives outside the
District he pays his taxes to
Virginia or Maryland. Dis
trict taxpayers thus help
support nearby States when
it ought to be the other way
around because Of services
provided suburban residents
who come to the District
daily.
I'd like the congressional
committee now reviewing the
District budget for next year
to take note Of this leakage"
of District tax money to
nearby States. / don't expect
them to do anything about it
because the District Commits
sioners made no proposal to
tax District government en-
ployes who live in the suburbs
or to require employees of the
District to live in the District.
At the moment, home rule"
seems the only answer. One
guess is that the chances of
Evening star., 1960-01-20

inflated costs the same as other busi-
nessmen. We do know, however, that
there ought to be CA. F. p B. not only
in Canada but right here in our own
country. The initials stand for Commit
tee Against Full Price for BaldheadS.
BaldheadS, meaning those with only
fringe of hair left around the back of
the head, should arise and demand JUS
tice. Why should we-or rather they
Of the sparsely covered noggin type
have to pay as much for a little trim
as those with long and flowing locks?
It's bald discrimination, if you ask us.
Evening star., 1960-01-20
THIS AND THAT
By CHARLES E. TRACEWELL

Temp Jones, cat fancier
(also dog man, thought he
would be nice to the old Office
cat.
This is a gray and white
creature, of uncertain age,
but determinedly female.
Jones thought he would
bring her a nice bit of catnip,
since 999 cats out of a thou
sand like this herb.
The Office cat turned out
to be the one cat in a thou
sand.
She shifted inquiringly at
the green stuff. as Jones
spread it on the grass before
her.
There you are" he said
in a tone that signified the
gift might be diamonds, furs
or apple blossoms.
n y y
The Office cat turned up
her broad pink nose.
Nothing but mice for me,
my man." she seemed to be
saying.
Not deferred by this re-
buff, Jones bought himself a
catnip mouse the next day.
He thought that the cat
not acquainted with catnip
herb would, nevertheless, like
a catnip mouse.
This, for the information
Of dog lovers, is a gray fan
mel cut into the image of
a mouse and stuffed with
catnip.
Sometimes dogs play with
them, too.
Manufacturers of these
mice think that no reSpecta-
Bile cat would even look at a
tailless mouse, so they in
variably adorn their products
with long tails" sometimes
in red or green.
The tail is torn off at the
first contact, and sometimes
the cat swallows it, which is
not good.
Templeton Jones always
"details his mice before pre-
Senting them.
This time the Office cat
took a good sniff"-then
quietly walked away.
Il like the real thing, mis-
ter" said the Office cat.
y
Jones came near being run
over by a truck as he started
back after this debacle.
There is no use trying to
force a cat friend to like cat
nip, if he or she does not like
catnip.
You can't argue with them.
They know nothing of
words, and only a few sounds
influence them.
kitty, kitty. kitty" rolled
out that way, is one of the
sounds the cats of the world
know.
Their human friends may
Evening star., 1960-01-20
Moneys Cheap

Surely everyone is thor
oughly fed-up with the con-
slant silly chatter in news
papers, magazines and on the
air, about our wonderful
prosperity. This is based on
the fact that nearly everyone
handles a large bundle of
money each pay day, al
though they must have a
wheelbarrow full of this
money in order to pay a
months rent. or even buy a
loaf of bread.
This prosperity is strictly
for the birds. Even a college
graduate should know this.
Students in the school Of ex-
perience do.
w. F. Smith.
Evening star., 1960-01-20
No YuIid Parallel

questions the meaning of
home rule" as applied to
Washington's effort to gain
self-government. Apparently
your editorial writer is not
familiar with the American
system Of municipal govern
ment nor with American po-
litical history.
In the American political
system, municipal govern
ments are legal creatures"
of the States. In the past,
State legislatures intervened
. frequently and actively in
city affairs. These legisla-
lures were generally domi-
mated by rural interests. The
home rule movement was an
attempt to grant the people
of the cities the authority to
determine their local tax
rates. spend their local in
come and generally deter
mine their own local affairs.
Although this movement has
been largely successful in
most American cities, State
legislatures generally have
retained the power to inter-
vene in local affairs under
emergency conditions.
This is essentially the
meaning Of the home rule
effort in Washington. Con-
gress has already delegated
limited legislative authority
to the District Commission
ers. Under the Constitution,
there is no reason why Con-
gresS cannot delegate full
legislative authority on local
matters either to appointed
Commissioners or to a Dis
trict council elected by the
people of Washington.
Your editorial writer is also
mistaken in identifying
WaShington's poor govern
ment of the 1870s with the
home rule movement. The
1870s was a period of cor
ruption, inefficiency and
spoils politics at all levels
of American government
city, State and national, re-
gardless Of whether it was
elective or appointive. The
same good government which
has steadily eliminated big
city bosses and statehouse
gangs. introduced good busi-
ness principles into govern
ment and introduced the civil
service system, also included
the home rule movement.
The lesson to be learned
. from American history then
is that the cities have con-
sistently fought for and
gained increased self-govern-
ment-"home rule" and that
this has been accompanied
by both more satisfactory and
more efficient government.
1t would seem time that
Washington be allowed to
take its place in American
history - that it also be
granted home rule.
Morton Gluck
Editors Note: The people
Of other American munich
palities are represented in
their State legislatures and in
their National Government.
The people Of Washington,
set aside and developed as
the seat Of government, are
unrepresented in their Ma
tional Government and in
their local legislature, the
Congress. Until they are, no
valid parallel can be drawn
between home rule" as pro-
posed for this city and the
home rule practiced in other
American municipalities.