davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-01-07

Commercial and industrial
loans of Washington's three
largest banks edged a little
higher in the week ended De-
cember 80, but real estate and
other loans, including con-
sumer loans, we're behind a
week earlier, data from the
Federal Reserve Bank of Rich
mond disclosed today.
Commercial and industrial
loans of Riggs National, Amer
ican Security g. Trust Co. to-
tailed $150,449, 900 on December
80, compared with $148,858, 900
a week earlier and were sea-
sonally well ahead of $I39, $780,
600 on October Z, day after the
autumn bank condition call.
Real estate loans totaled
$137.831 900, compared with
$l39, 1874 900 a week earlier and
were about even with S137. .987, =
600 on October Z.
Securities loans totaled $lo,-
$4,000. compared with SO 1885,
600 a week earlier and $s,2e9,-
600 on October 7.
Other loans, including con-
Sumer loans, amounted tc
S139, ,393, 900 on December 30
compared with sl40.667, 900 q
week earlier and S14l,437 .OOC
on the October date.
Total deposits of the three
institutions aggregated $1,000
$4,000 on December 80, COM
pared with $1,084,571,0 900 q
week earlier and Sl,085, ,733 ,O0C
on October 7.
Demand deposits of 1855. .492.
600 were ahead of S848, OPS .OOC
a week earlier and also above
$S42, 100000 on October 7
Time deposits of $234,746,OOC
were down from $236,545, 900 q
week earlier and well below
S243 ,626,0 900 on October 7.
Evening star., 1960-01-07
First Federal Savings
Cites Gains in 1859

W. F. Morrison. executive
vice president. First Federal
Savings and Loan Association
OF Washington, announced a
81 million a month average
asset growth, a 80 per cent
growth in savings and a $3.7
million dividend paid to savers,
breaking prior records.
He said assets total Sl27.-
948,l04 and said they have
nearly doubled in the last five
years. The associations in
debtedness to the Federal Home
Loan Bank Board has been re-
Evening star., 1960-01-07


IdeRt William N. Payne. Jr.
J Directors of Metropolis acted
CAST night. Its new rate will be
Retroactive to october l. 1859.
land will cover the semi-annual
sper1od, upon which a payment
Nill be due March 81. 1860. it
was announced by Rudolph w
ISantelmann, vice president and
secretary.
Eastern with more than $50
million of assets and Metrop-
}oliS with more than S38 million
became the first of Washing
toms older aSSocia tionS to raise
dividends above 4 per cent in
the face of tightening money
and the generally upward trend
in interest rates.
Eastern was founded in 1889
and Metropolis was established
IN 1886. The latter is Washing
fton's second oldest association.
Two small Federal associa-
ttions of the area previously
raised rates to 4h per cen;
from the prevailing 4 per cent
level and a third announced
plans for an extra which would
raise its rate to the equivalent
Of 4l2 per cent.
President Payne also an
nounced that record assets OF
Eastern aggregated S30,079,-
268 on December 81. a gain of
$2.467.210 from $27.612.05S at
the. end of 1858.
Invested savings also reached
a new high of $25.809.541. an
increase of $l.304,ll3 from
S24.505, ,428 a year earlier. Real
estate loans climbed to S26. sos. =
466. a gain of S2,l50.967 from
S24, asa .499 year earlier.
} Reserves totaled S2.630,253 on
December 81, an increase of
sl70.279 from S2,459.974 at the
close of 1858.
Mr.. Santelmann previously
had announced that record as
sets of Metropolis aggregated
$38.077, ,444 on December 81,
compared with $34,240,2l4 at
the end Of 1858.
Evening star., 1960-01-07
Liberty Savings Assets
Nearing S33 Million

Assets of Liberty Savings
and Loan Association reached
a new all-time high of $32,-
1882 on December 81, a gain
of Is per cent from s28, ,682,-
554 a year earlier. President
Edmund M. Emmerich re-
ported today.
Invested savings also set a
record of s2S,215.075. up lis
per cent from $25 ,29O,56l at
the end Of 1858, and real es-
tate loans expanded to $29,-
Evening star., 1960-01-07
r. E. Mayfield RetireS
From United Clay

R. E. Mayfleld has retired
as vice president and secretary
of United Clay Products Co,
effective January l. after serv-
ing the company 38 years.
He started as an accountant
in 1922 and was in control OF
financing during the company's
growth to the largest distribu-
tor of building materials in
the Washington Metropolitan
Area.
. Mr.. Mayfield resides in Chevy
Chase, Md.
Evening star., 1960-01-07
Voorhees, Gets Post

NEW YORK, Jan. 7 tAP) -
Brig. Gen. Frederick Voorhees,
who retired from the Army last
month. has Joined Highway
Trailer Co. as technical adviser
Evening star., 1960-01-07
Business
Eastern and Metropolis
ADOPT Az Pct. Rate
BY DONALD b. HADLEY
Star financial Editor

Eastern Building Loan Association and Metropolis
Bdng Association have increased dividends annual
basis Of 412 cent from cent paid previously
Directors of Eastern acted at special meeting this
morning The higher will become effective there for the
fst half of 1860 which semannual payment will be
Evening star., 1960-01-07
Hechinger Announces
Promotions, Retirement

Realignment of three store
managers was announced by
Hechinger's, lumber and build
ing equipment retailer follow.
ing the retirement of Frank
Blumer as manager Of the
chains Falls Church store
Blumer, with the firm since
1929, was honored with a fare
well luncheon today at the
Mayflower Hotel.
William o. Lane succeeds
Mr.. Blumer as Falls Church
manager.
Robert Lamar succeeds Lane
as manager of the Alexandria
store.
Promoted from assistant
manager Of the Rockville
branch to manager of the
Georgia avenue store is Will
liam A. McGrath, jr.
Joseph Miller has been pro-
NOTED to assistant manager OF
the Rockville branch.
Evening star., 1960-01-07
OVER COUNTER

Washington listings on over.the-
counter markets furnished BY the Ma
tional Association of Securities Dealers,
as of / pm, Thursday, January Z:
Evening star., 1960-01-07
TREASURY BONDS

NEW YORK, Jan. 7 ZAP. Yesterday
closing overthe-counteT u. S. Government
Treasury bonds:
Evening star., 1960-01-07
Bethesda Chevy Chase
Bank Reports Growth

The National Bank Of Be-
thesda Chevy Chase, which
started operation on May 25,
1859, had assets of $2,l73, 1859
and deposits of $l,744.740 on
December 81. it was announced
by Board Chairman Michael L..
Looney in the institutions first
annual report.
The banks annual stock
holders meeting will be held in
the community room Of Per-
petual Building Association in
Bethesda at 3 pm. Monday
January l8.
The bank expects to move to
new quarters in the National
Bank Building in Bethesda
around April /, Mr.. Looney said.
Evening star., 1960-01-07
Business Loans Edoe
Higher in D. c. Banks

duced by s3,530,000 during
1859, Mr.. Morrison declared.
There are now $4,000 men,
bers in the association, he said.
more than 8 per cent of the
population of Greater WASH
ington.
Evening star., 1960-01-07
Investment Analysts
To Hear Gold Discussion

investments Analysts
To Hear Gold Discussion
Charles w. Engelhard, presi-
dent of Engelhard Industries,
Inc. and chairman of the board
Of American-South African In
vestment Co., Ltd, will ad-
dress the Washington Society
Of Investment Analysts. This
will be at noon next Wednes-
day at The Occidental Restau-
rant, 1411 Pennsylvania ave-
nue. NV.
Mr.. Engelhard, also board
chairman of Rand Mines and
other mining concerns, will
discuss the gold question.
Al CranSon, president of
Cranson Rambler, announced
sales for 1859 exceeded Sc mil
lion, making his firm the Sec
ond largest Rambler dealer in
the Nation. He said the firm
is embarking on an extensive
building and remodeling pro-
gram to meet new business.
Evening star., 1960-01-07
Interstate Also Shows
Records at Year End

AHteEstdLe Also SHOWS
Records at Year End
Interstate Building AsSocia-
ton had record assets of S78,-
68l.202 on December 81, an
increase of IL per cent from
/ $7O,34l, ,220 at the end of 1858,
President Edward K. Jones an
nounced yesterday.
Invested savings of $64.237.- :
578 we're up IA per cent from
$54 450,188 a year earlier and
real estate loans of $64, 4,456.494
were up 10 per cent from S58,-
ll0.745.
Reserves totaled $3.960. .z69. a
gain of Is per cent from So, ,399, :
lat at the end of 1858.
Evening star., 1960-01-07

Alfred r. Beckman has
been appointed vice presi-
dent in charge of the
Washington office Of the
American BrOadcasting
Co., Leonard H. Golden
son, president of Ameri-
can BrOadcasting-Para-
mount Theaters, Inc, an
nOunced. Edgar G. Shell
ton, jr., assistant to the
president for national
affairs here, has been
elected a vice president.
Evening star., 1960-01-07

70l,l64, an increase of II per
cent from $25.382,565.
Reserves. amounted to ST.
660.427 on December 81. a gain
of 5 per cent from $2.543,17S
a year earlier.
Evening star., 1960-01-07

seconds
Subject To Federal taxes but not tc
State income taxes.
Evening star., 1960-01-07
FOREIGN EXCHGE

NEW YORK, Jan. tAPD.-Foreign
lars, others in cents and decimals Of
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05
~ The American Way y \

From these statistics the Ohio
Co. Messenger addived at GER
tain conclusions:
l. That the profit of 2.8c
made by the manufacturer is
not far short of the 3.3c he
pays to the tobacco farmer;
2. That the manufacturers
net profit is considerably in
excess of the net profit made
per pack by the farmer;
3. That the real villain in the
cigarette melodrama is the Fed
eral Government which takes
an &c bite out of every pack.
What has inspired us to pass
on this information on this
burning" subject is our fear
that between the Federal Gov
ernment, the State Govern
ments, even some municipal
governments and the cigarette
manufacturers there is grave
danger that the goose that lays
the golden eggs in the form of
cigarette taxes is going to be
badly wounded, if not fatally.
This, of course, would be well
coined by that sector of the
medical fraternity that main
tains cigarette smoking con-
tributes to lung cancer.
The cigarette manufacturers
themselves are confusing the
public with their advertising
claims over radio and television
and in magazines and news
papers. The poor beWildered in
halers of the tweed" are hard
put not only to decide which
brand to buy but which par
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05

to nearly $4,000. The maximum for fam
lily is now 1854, several times what it was
originally.
The five-year projection of payments
to insured workers and their families in No
BILE county is based on the annual report of
the trustees of the OASI fund, presented to
Congress recently.
1t states that benefit payments, nation
ally will continue to increase during the per-
iod, going from 1894 billion in 1859 to $12.55
billion in 1868. The total disbursements dur
ing the five years will be 14.9 percent more,
on the average, than they were last year.
In Noble county, on the basis of the ex-
pected national rise, the volume of benefit
payments in the five years will amount to
$3,000,300. The sum will have significant
effect on local business.
The OASI report shows that more than
SO million workers, or 81 percent of the work
force, are now paying into the fund regularly,
with an additional 16 million on the books as
occasional workers.
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05
IN MEMORY

In loving memory of our dear
son, Hadley Lahue, who passed
away thirteen years ago May q,
1947.
The years 60 by without you,
but 1 think of you each day.
If l could only see you, If
you could only come and
stay. In my heart you will
always be more than just a
memory.
AS each day comes and each
day goes how ! miss you,
God only knows. Still in
memory you are with us, as
you always was before.
We think of you in silence,
we often speak your name,
but all we have in memory
is your picture in frame.
In our hearts you always
linger and will always be
the same.
Sadly missed by:
Mother, Sisters and Brothers.
45pd.
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05
BIGGER Pensions

How big is the financial stake that
Noble county residents have in the Social
Security system? How much are they piling
up in the way of old-age and disability pro-
lection for themselves?
The amount has grown impressively
since 1897, when local workers began making
payments to the fund at the rate OF one per-
cent of their earnings up to $4,000 year.
They are now turning in three percent on
the first S4,800 with matching contributions
by employers
The resultant benefits have risen in
proportion. Compared with last year, when
Noble county residents collected some $574
14O in old-age survivors and disability in
surance according to figures released by the
OASI, they stand to receive an average of
$4,000 year during the next five years.
That is due to the growth in the num-
Der of covered workers and to the liberal
ization of payments through acts of Congress.
Twenty years ago worker who re-
tired at age IS could receive maximum OF
only $41.20 a month. That figure has risen
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05

attics, backyards, vacant lots, alleys, Streets
and parks.
Some communities in fact were so
pleased with the spring cleanup results that
they made civic neatness a continuing year.
round campaign.
The national board of fire underwriters,
long time endorser of spring cleanup each
year, reminds homeoWners that throwing
out waste and rubbish not only makes home
more attractive but also contributes to home
fire safety.
Fires last year in the United States
caused property damage of over 81 billion
dollars and snuffed out over II 900 lives And
since 1854, close to 100000 homes have been
struck by fire every year.
Spring cleanup week provides an op-
portunity for householders to throw out COM
bustible trash on which fires can feed.
The national board reminds that three
out of every four fires is the result of human
carelessness or forgetfulness.
Be a good citizen Don't forget to do your
part in promoting fire safety by cleaning up
your home.
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05
S prins Clean-Up p

The annual spring cleanup for Caldwell
and area will be held next week from May 9
to May IA and all citizens are asked to cooper
ate with Mayor Chester ]. Howiler in this
mass undertaking to make Caldwell a clean
and nice appearing community to the tourists
as we'll as its citizens.
Across the entire country, homeowners
are in the midst of spring house cleaning,
throwing out rubbish and waste that accumu-
lated during the winter, and sprucng up
their yards.
Many householders are re-decorating in
side and painting outside.
The records show that making things
spic and span in the spring has become an
American tradition.
1t was nearly half century ago that the
first organized community campaigns for
spring cleanup were conducted in the Middle
West. Their original purpose was to rid
homes and yards of litter but many also
undertook programs of fire prevention edu-
cation and home and community beautifica-
ton
Focal points of the cleanup were cellars,
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05

spring business will not be as good as had
been expected, and point to the March en-
ployment and unemployment figures as an
indication that economic expansion through
out 1860 will be slow, and that stability will
be a noticeable factor to contend with, in
some periods of the year.
The vast majority of economists, how
ever, see good business for the United States
in 1860 and well into 1861. From purely
political viewpoint, few observers can see
the Republicans allowing business to slacken
in an election year.
Leaving political considerations out of
the picture, tax collections and the volume
of business are sure indicators that times are
good, and that the economy is in a healthy
state at this time, and likely to continue in a
healthy state throughout the rest of the year
and into 1861. The main question seems to
be how fast the economy will expand, and not
whether we are headed for good times or
bad, in the immediate future.
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05
The Job Decline

The Department of Labor announced in
Washington recently that March was dis
appointing month, as far as employment and
unemployment was concerned. The blame
was placed on the weather.
The weather in March of 1860 was worse
than in any other March since 194l, according
to the Labor department. AS result, it is
said, employment fell and unemployment
rose.
The pattern for March is usually just the
opposite,
March employment 90 tails 64,267,o00.
This was decline from February, instead of
the normal increase. The decline was 253,000.
Unemployment to tailed 4,206,0O0 in
March, and was up by 100000. Usually
there is decline of almost 100000 in unem-
ployment in the month of March.
Administration officials still expect the
economy to experience pickup in the next
month or two, and indeed automobile sales
in recent weeks have indicated they are right.
On the other hand some people say that
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05

ticular sort of that brand. If
the confusion is carried much
further there's likely to come
a day when the cigarette smok-
er will be perplexed to the
point where he'll just give up
smoking. Those fat, juicy cigar
cite taxes would be no more.
Now, if you think we are be-
ing overly apprehensive about
the possibility and imminence
of such horrible catastrophe,
let us give you blow-by-blow
description of a conversation
that we recently overheard at a
local cigar counter:
Said the prospective custom
er to the salesgirl, 'I'd like to
buy carton of cigarettes"
The salesgirl smiled, said
"There are so many brands.
Which one would you like?"
The customer though for
moment, then mentioned a par
ticular brand. (We purposely
omit naming the brand here
we give no free plugs.) The
conversation continued:
Salesgirl: Do you want the
soft pack or the crush-proof
box?
Customer: Soft pack.
Salesgirl: King-size or regu-
lar?
Customer: King-size.
Salesgirl: Filter-tip or plain?
Customer: Filter-tip.
Salesgirl: Menthol or mint?
Customer: Menthol.
Salesgirl: Cash or carry?
Customer: For heavens sake,
forget the whole thing! This
interrogation has taken so long
that I've broken the habit.
So you can see that strong
measures are needed to remove
this threat that hangs heavily
over our cigarette taxes.
We've been given to under
stand that cigarette manufac-
turers have agreed to DROP"
health claims in their advertis-
ing. That is indeed good news!
We were a bit apprehensive
that if the filters got to be
much longer and more COM
plex, the cigarette manufac-
turers would be forced to
DROP" the tobacco entirely.
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05
NOTICE TO BIDDERS

Sealed proposals will be received by
the Board Of Education oho Of Galdwe1 ;stTet
office OF the Clerk Of said School
District at the Caldwell Grade School
building at 200 noon, Eastern Stand
ard time on Tuesday. May II, 1860,
for the furnishing of materials and
labor necessary for the construction
% New Caldwell High School
(2) Existing Caldwell High School
Building Remodeling,
The proposed work shall be. in
accordance with plans and specifica-
tions prepared by A. H. Moellenkamp
Ohio.
Plans and specifications are on file
The office of the Clerk of the Board
of Education at Caldwell Grade
School, Caldwell. Ohio and the office
of A. H. Moellenkamp & Associates,
Engineers. l2l North High Street, Lam
caster, Ohio.
Separate proposals will be received
on the following work:
1 General Contract
(2) Plumbing Contract
90 Heating & Ventilating Work %.
(4) Electrical Work.
considered by the Board of Education
in accordance with the General Code
of the State of Ohio and be on blank
forms furnished by the Clerk of the
posals shall be enclosed in g, sealed
envelope addressed to the Clerk Of
the Board of Education of Caldwell
Exempted Village School District.
Caldwell, Ohio. The outside of the
envelope, shall contain the name of
work bid upon.
No bids may be withdrawn for a
period of 80 days after the opening
Proposals shall be signed by the
bidder, giving business address. In the
case of firms or corporations the
proposals must be signed by the legal
authorized officers,
Each bid must contain the name
of every person interested therein and
must be accompanied by a certified
check or cashiers check on solvent
bank in the sum of not less than ten
percent of the tai amount of the bid
pr by bond in like sum executed
by an approved security, trust or
guaranty company.
Said check or bond shall be salts
factory to the Board.
If the bid is accepted a contract
will be entered into and its perform
ance properly secured.
Securities submitted by the unsuc-
cessful bidders will be returned after
the award of the contract is made
and performance bond in the
amount of 1000 of the contract has
been executed by the successful
bidder.
Copies of plans and specifications
and proposal forms may be secured
from the office of the Engineer, upon
deposit of check in the amount of
$4,000. made payable to the Engineer.
Upon receipt of request, accom-
panied by a deposit as named above.
the Engineer will forward copies Of
bidding documents as named in
proceeding paragraph, S HIP PIN G
CHARGES COLLECT. Refund of this
deposit will be made in full upon
the return of plans in good condition
with bid. Those not submitting a
bid will receive a refund of $500.
The Board reserves the right to
reject any or all bids and to waive
defects in the proposals.
BY order of the Board of Education
of Caldwell Exempted Village School
District, Caldwell, Ohio.
Margaret R. Archer, Clerk
HilleS Keeton. President
AZ 43 "A as J
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05
IN MEMORY
MRS VERGIE TILTON

In memory of Nom, Mrs. Yer
gle Tilton, on Mothers Day, who
suddenly passed away November
4, 1856.
All your love and understand
ing, and all you've done for
me, all the happiness you
have given, flows bright in
my memory.
AS I remember all the fun
and laughter we shared, too.
I'll always, always be CRATE
full for wonderful Nom
like you.
Loved and remembered
by daughter,
45pd. oZna Lorey.
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05
Dear SirS:

Dear Sirs:
l would like this to be an open
letter in regard to the local unit
of the Ohio National Guards.
I joined the unit when it was
first organized in the fall of 1855
and at that time we were told
that the group would meet every
Wednesday night and that we
would have to 60 to summer
camp each year for two weeks.
This arrangement was fine
with me but as of lately they
have been having a lot of all-day
meetings on Sunday. feel that
this is not holding to the policy
in the beginning. I have a wife
and family and as I have to work
six days every week. I feel / owe
my family my one day off (Sun-
day..
I do wish whoever is respon-
sible for all these extra meetings
would give little bit of con-
sideration to we, married men
with families.
It is not necessary for men with
families to serve in it but we feel
it is the least we can do for this
wonderful country of ours.
Sincerely
One of Your Men
In Army Green
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05
IN MEMORY
HAROLD II. BATES

In loving memory of Harold
H. Bates, who departed this life
May 8, 1859.
The depths of sorrow, we
cannot tell
Of the loss of one we loved
SO well,
And while he sleeps a
peaceful sleep
His memory we shall always
keep.
Sadly missed by:
Mrs. Harold Bates and
Robert H. Bates and family.
45pd.
The journal. (Caldwell, Ohio) 1934-1961, 1960-05-05

Total 23.0
But the Ohio County Mes
senger, in its thirst for vital
statistics, was not satisfied with
this rough breakdown. 1t had
a "yen" to know just what hap
pens to that five cents that is
left for the manufacturer. From
a report by Standard and
Poor's Corporation made in
1859, it learned that this
cents per pack gross profit
was dispensed as follows:
To Direct Labor ------- 0.5c
To Advertising -------- 0.9
To Depreciation ---- OIL
To Other Operating
Expenses ------------- or
Net Manufacturing Profit 2.8
Total soc