davidaulloa/AmericanStories huggingface dataset:
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1960-05-21
p Q RTS-
6 RAP

ROT Club 500 will meet
Van Lines Of Ypsilanti in
blcheader to open its In
onal Fast Pitch Scftball
schedule Saturday, May
4 Wyandottc Chemical Club
THE first game will start
pm.
IFPSI will make its Off
rbut when the Wyandotte
cal team meets Bali-Hi Mo-
<Windsor. Canada. in a dou.
der Friday, May 20, start
&7:30 pm.
IS leagues board of directors
Ito have the first four teams
playoffs in two best-of-
4 series. The championship
will be conducted on either
of-three series. The cham
Nip finals will be conducted
Der q two-ofthrec or three
series depending on the
'<rcmaining in the season
the start of the Greater
tournament.
M Il . Il
Peters Sausage Company
onsor Koepplinger's Bread,
the city's major softball
" for the 1860 season an
ID field manager Jae Cas-
last week.
er the Koepplinger's ban
st year, Peters Sausage
ed the IIamtramck. Palmer
end Wyandotte titles and
II second TO Club 500 in
feater Detroit Softball AS
bn tournament.
W IT q ~
veteran middleweights,
tColeman and Roscoe Sham
ill headline the Metropoli-
king Clubs five-hout card
led Thursday at the Gray
Ballroom, 4237 Woodward.
scmi-windup will match
eights Dave Shoulders of
and Bob Johnson of
Rapids. Ducky Dietz and
Banks will be in action in
inaries, which start at 8
hford High defeated North
1874 1884 Thursday to
S seventeenth consecutive
ect. seven this season.
Burnley and Grover Ken
ed the Mustangs by win
e 100 and 220-yard sprints
)nncdy won the high hurd
tied with James Under
n the broad jump.
brd outscored Cody. 1924,
b Ticomb and Howard We.
zach won once, and tied
Dthcr occasion. Andy Jack
IN both hurdle events and
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1960-05-21

All six new members will be
honored Wednesday noon Mlay
49, at special awards luncheon
at the Knife and Fork Club in
Detroit Ncxt.of-kin or close asso
ciates are expected to accept for
the late Messrs Schulz and Egan
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1960-05-21

permanent home. In l'unis'a
and Morocco. at least 10000
mainly old men and women
need food. clothing and medical
care IT will take over $l.no0,-
GOO TO help them.
Ia China. some 5000 Euro
peans are waiting 70 leave the
mainland and return to their
homes. For their temporary
care and eventual transporta-
ton. almost S4,5O0,000 are
needed.
prcsidcnt Eisenhower has
called upon all Americans to
help the homeless Of the world.
Give Through the u. $. Commit
zee for Retulce~. Dept X. Box
42i., Grand Central Station,
\pAr York city. New York.
The Detroit tribune. (Detroit, Mich.) 1935-1966, 1960-05-21
U-M Neels Linemen

ANN ARBOR, Mich - More and faster backs stronger
ends but with problems at quarterback guards and tackles
that's pocketsized description of Mchgans 1860 foot
ball prospects, according to Head Coach Bump Elliott.
Evening star., 1960-01-28
Acacia Reports
Volume Above
S2O6 Million

Acacia Mutual Life Insurance
Co. received more than $2O6
million of new paid-for busi-
ness in 1859 to set a record,
President Howard w. Kacy an
nounced at a board meeting.
The years total of $206,319,-
OFT was nearly SIS million
ahead of the previous high set
in 1858.
Acacia's insurance in force
rose to more than $1,783, ,000,-
900 on December 81. all of
which represents individual life
insurance policies.
Acacia does not write group,
industrial or credit insurance
and does not accept brokerage
business. Mr.. Kacy pointed out.
Assets reached a new high of
1891 ,521, ,359, a gain of around
SIG million for the year. Sur
plus of $18,123,490 was up ST.
1896.
Evening star., 1960-01-28
DY SYLVIA PORTER

to Northwestern demanding
that the provision be changed
and that the widow get a badly
needed one-lump settlement.
The company had to answer
that it could not change the
contract terms. 1t sent the
daughter a copy of the 1856
letter her father hadn't ac-
knowledged - which hardly
helped her mother any.
You also may be fully aware
that the trend is shifting away
from precise planning and
toward more flexible settlement
arrangements giving the bene-
ficiaries some free dom CT
choice. This trend, Northwest
ern believes, can reduce the
number Of hardship cases."
This is detail, though. The
basic warning of this report is
obvious: Review your insurance
policy provisions to be sure
they're still what you want,
and, from now on, do this
regularly from time to time.
Distributed 1860 by The Hall
syndicate Inc. All Rights Reserved
Evening star., 1960-01-28
Board of 8 Elected
By io-Dynomics

Stockholders Of Audio-Dy-
namics Corp, new Washington
firm elected eight well-known
directors at their first annual
meeting and heard reports of
stock oversubScription and
initial operations.
The firms entire public Of
fering Of 100000 shares was
oversuoscribed at a price Of
$3.50 a share and about 80 per
cent of the subscriptions had to
be declined. reported President
Jack w. ReisS.
The company is exclusive
area distributor for engineered
communications systems of
Strom berg Carlson and
operates Sterio Galleries, a re-
tail outlet in Georgetown.
1t also is expanding rapidly
in the field of lease financing
on a Nation-w wide basis. opera
tionS extend to furniture,
machinery and all types of
equipment as well as electronic
systems.
Evening star., 1960-01-28
Missiles Boost
Raytheon Sales

Two important missile sys-
TENS, the Navy's Sparrow III
and the Army Hawk, have
helped to increase volume of
Raytheon Corp. sharply, but
the company also is expanding
steadily in commercial fields
and now is looking for overseas
business.
This was reported today by
President Charles F. Adams at
a luncheon of the Washington
Society of Investment Analysts
at the Occidental Restaurant.
A major part of total busi-
ness lies in the Government
area, but the company has
doubled its comercial volume
since 1857, he said. Total 1859
company sales of $494, ,278,0 900
should place Raytheon in the
top 100 industrial companies
In the United States, he added.
During the last decade, COM
pany sales have risen 800 per
cent.
Five NATO nations are ne
gotiating with Raytheon for
production of the Hawk missile
system, he said.
The speaker said a compre-
hensive survey of the European
eletronics markets is being
made and a great potential for
growth is apparent Studies
also are being made In Japan
and South America.
Evening star., 1960-01-28

Elected directors were Theo-
dore r. McKeldin. former Gov
ernor of Maryland and former
Mayor Of Baltimore; DR.. John
r. Steelman, former assistant
to President Truman and now
Silver Spring newspaper pub
Usher; George N. Craig, former
Indiana Governor and now a
Washington attorney; Clyde H.
Hendrix, former director and
vice president Of the Piilsbury
Co.; Horace Stokes, former
Washington banker and vice
president of Haynes Lithograph
Co.; Stephen E. Balogh, presi-
dent Of Balogh e. Co.: Henry
Schwarzchild. board chairman
of Schwatzchild Jewelry Co. Of
Richmond, Va, and Seymour
S. Guthman, Washington at
torney.
President Reiss, Executive
Vice President M. C. Greathead
and Secretary Treasurer Paul
Schneider also are members of
the board.
Evening star., 1960-01-28
Pennsy Net
Near Double

PHILADELPHIA, Jan. %
tAP) The Pennsylvania Rail-
road says 1859 profits were al
most twice those of 1858.
despite the steel strike.
The Nations largest railroad
announced yesterday last years
earnings were $7,267,100, COM
pared with $3,544.l00 in 1858,
a recession year.
The railroad said only pas
senger revenue dropped. 1t
totaled $103,952,598, a decrease
of 81 million or 3.9 per cent
from 1858.
The railroad earned more
than half its 1859 profit in
December. Net income was
$4.26l 800. compared with ST.
374, 100 in December, 1858.
Gross revenues were $751;
683, 1853, an increase of $43,451,- =
765 over 1858. Expenses rose
$l2 million to $727,472,686.
Evening star., 1960-01-28

latlVe conference at the Statler
Hilton Hotel here Monday and
Tuesday. The league is the
major trade group in this field
with more than 4,600 member
associations.
The member associations
composing the major and sound
portion of the savings and loan
industry fear that fraudulent
mail solicitation by a few ir-
responsible and uninsured Or
ganizations calling themselves
savings and loan associations
may bring the entire industry
into disrepute. Most of the lea
que membership is regulated
and insured.
Would Fix Standards
While the proposed curb on
mail solicitation has not been
drafted formally, it is con-
templated that it would pro-
hibit solicitation by any Or
ganiZation calling itself saw
ings and loan or building and
loan association unless it meets
certain minimum standards Of
financial soundness as pre-
scribed and enforced by some
Federal agency.
The savings and loan aSsoci-
ations are said to prefer the
Federal Home Loan Bank Board
be named as the supervisory
agency because of its long ex-
perience in savings and loan
regulations. The possibility re-
mained, however. that the
postal department might be
given the enforcement job, es-
pecially if the proposal is
broadened to include other
types of savings institutions.
Pressure for some kind of
Federal control of interstate
solicitation of funds has risen
steadily as uninsured organi-
cations have flooded the mails
urging investors to save by mail
and offering unusually high
interest rates.
This type of organization has
flourished in nearby Maryland
and Baltimore. Maryland is
the only State in the Nation
that does not regulate or fix
any standards for the protec-
ton of savers in savings and
loan associations.
Only a few weeks ago an Of
hcial of the United States league
warned that unless the Mary
land legislature acted promptly
some type of Federal legiSla-
ton would be sought.
Federally insured savings and
Evening star., 1960-01-28

catering service again and
again.
They often make heavy de-
mands on the caterers memory.
Some even ask for detailed
lists Of brands and amounts
served last time, hoping to
repeat the former success.
They Remember Names
Still others. according to
Clarence H. Ellis, owner of
Ridgewelrs Caterers, have
learned to expect phenomenal
feats of memory from the
specialists they hire.
A branch Of the field that
requires a special talent is the
memorization of names, Mr..
Ellis said. Many hosts and
hostesSes are consequently as
fond Of their "announcers"-
the men who introduce each
guest as he enters the room
as they are of some of their
guests. They seldom make a
mistake, but nobody is perfect.
Il remember once" Mr.. Ellis
recalled, when one of my men
announced Senator Green "a
bachelor) and the woman with
him as Senator and Mrs.
Green
Senator Green stared at him
a minute; then said: I'm not
married now. and I don't intend
to be- Then he and his COM
panion Joined the party"
Evening star., 1960-01-28
GE|C0 Board
Plans Split

Directors of Government En-
ployees Insurance Co. voted
yesterday to split the capital
stock three-for-two, subject to
approval of an increase in
authorized capital stock by the
stockholders. President L. A.
Davidson announced.
The board adopted resolu-
tions proposing that authorized
capital stock be increased to
rs million shares of 81 par
value from the present 1.6 mil
lion shares.
Stockholders will be asked
to vote on the proposal at the
annual meeting on Wednesday.
March %. Meeting notices,
proxy statements and the an
nual report will be forwarded
to holders around March l.
If holders approve the stock
increase, directors plan to ac-
complish the three-for-two split
by declaring a so per cent stock
dividend and distribute $50. .63l
additional shares to holders of
record April 8, payable April 30.
This would increase out
standing capital stock to g.
O4l 1893 shares from 1861, 1852
and the amount of capital to
So, 1852 from $5,445,048. The
amount of $2,722,524 will be
transferred from earned sur
plus to capital account.
Directors also declared a
regular quarterly cash divid-
end of Is cents, payable March
Is to holders of record March
4. The board intends to main
tain the annual cash dividend
rate of 81 a share on increased
stock, Mr.. Davidson said.
Evening star., 1960-01-28

a party, a spokesman explained,
also providing for three days of
meals.
At one large hotel, you can
pay for food at a party any,
thing from 5000 for 80 pounds
of steamship round to $3.50 for
a pound of cheese and crackers.
Most caterers take pride in
the presentation of their wares,
and are a little reluctant to
talk about prices and profits.
They look at the situation diff
ferently.
I'VE try to help people meet
their social obligations" Henri
Waser. vice president of B g. B
Caterers, Inc. said. That's
important in Washington. and
a caterer is always interested
in making the party a success
in every way"
Customs Changing
While the number of parties
is steadily increasing in Wash
ington one chef noted. the old
social order is changing some
what. They're not giving as
many of the lavish, private
social affairs they once did" he
said. But commercial and en-
oassy parties are gaining.
Wedding groups. embassies
social figures and commercial
interests are most frequent
party hosts in that order.
Most hosts call on the same
Evening star., 1960-01-28
CHICAGO
LIVESTOCK

CHICAGO, an. 20 (AP) tUSDAD -
HOGS 1000; active through mid-Session
very uneven with bulk sales butchers
under 80 lbs IS higher: weights over
22O lbs % to so higher several hun
dred head closed slow with part OF the
full advance lost: sows steady to %
higher; poor shipping demand; mixed
grade 2-3 and IS 200-24O ID butchers
3."5-13,S5; late sales below 1880
mixed grade - and mixed l.2 100
go lbs 1870 "a 90; several hundred
mixed l-2 and Is 100-220 rbs 400
!4.25; 85 head sorted Is 200-215 lbs
l4.35; mixed 2-3 and .3s 240-260 lbs
1900, 1850; several lots IS around
q" q" lbs lbs up tS a2 Mixed only "'s and Sass IS
Is 25O-260 lbs I335-i3.65: few lots
% and IS 325-385 lbs 11.75-l2 .25;
mixed Ia 33O-475-lb sows 100
ZOO, mixed 2-3 4755b0 lbs 1880
11.25.
Cattle 1000. calves 100: prime cat
and heifers steady lower grades weak:
cows steady to fully 25 lower: bulls
weak: vealers steady; ,Stockers and
feeders weak; few head choice under
average, choice i,155 lbs 1850: two
loads choice 300 lb steers $500: a
load 1915 steers good with a small
end choice - hO short load l,150 util-
S sood 'fe snd choice hesTs lev '!sndsIa snG
part load mixed good and choice
900 lbs included at 24.5O: utility
heifers down to 1900; a package OF
commercial and standard ,O?5 cows
SGS utiy eann.rs and and eUmmfts. a%ttsIs
1b25: few shelly Gamers down to
1000: utility bulls 195O-21 90 a few
head OF choice vealers 81 90: standard
and good % .00-30. 90; Gull and utility
good and choice 900 ID. feeding steers
Evening star., 1960-01-28
YOUR
MONEYS WORTH
Review Your Insuronce-H

Shortly after I got my first
job I bought a life insurance
policy. I named a beneficiary
appropriate at the time, and
since then I've automatically
been paying the annual premi-
ums.
Today I have a 10-year-old
daughter, my financial situa-
ton is far different from what
it was 20 years ago, and the
entire policy is ridiculously
outmoded. OF course, I should
change it, and I am about to
do so-but I never would have
thought about it had / not
been reminded by the unprece-
dented educational campaign
just completed by the North
western Mutual Life Insurance
Co., Milwaukee, sixth largest
among the Nations 1,400 life
companies.
Results Outlined
The results of the three and
one-half year campaign are
being compiled and soon will
be released. The most valuable
finding is that at least three
OF every 10 persons contacted
recognized Immediately the
need for changing their policy
settlement arrangements, and
these already have made or
are making new provisions.
This is 80 per cent. When
1t is projected to the l10 mil
lion Americans who own life
insurance today, it is a warn
ing that millions are paying
for policies with settlement
clauses which do not fit their
present circumstances and
which actually may endanger
the security Of the very ones
they're trying to protect.
Here are two vital points
pounded home by the North.
western campaign:
Cd The wisest and fairest
settlement terms you made
years ago may be tragically un-
suited to the needs of your
benefciaries today.
(2) Your insurance company
is bound under the law to
settle your policy in accordance
with your expressed wishes In
the contract.
You may not be fully aware
OF the fact that unfair, even
cruelty outdated though your
settlement arrangement may
be, your insurance company
cannot vary the terms of youl
contract, for as Northwestern
puts it, ITO do so would be tc
substitute the company's judg-
ment for the judgment Of the
insured"
Example Offered
AS an instance, among North.
Westerns policyholders was ar
Arizona businessman who. IL
l94l, had provided that hi.
wife could get a monthly in.
come for life or could keep the
money with the company anc
get interest on it, but he hac
not given her the right to g
cash settlement. He was amone
the first in 1856 to receive q
letter suggesting he review hi.
provisions to be sure they were
what he wanted. The mar
never replied.
In 1859 the Arizona policy.
owner died and shortly there.
after a daughter wrote bitterly
Evening star., 1960-01-28
5000 PARTIES A YEAR
Catering Business in D. c.
Grows Bigger Each Year
BY WILLIAM MacDOUGALL
Star Stan Writer

Anytime is party time in
Washington. where canapes,
cakes and cocktails cost about
$40 million a year.
Washington is the most
party-going city in the world"
insists an official of one of the
Capitals largest catering firms
who has worked on three con-
tinents.
But they are parties with a
difference. Caterers say that
under all the glitter many-if
not most-of the major func-
tions are deadly serious affairs.
Most people in Washington
give parties for a purpose, US
ually to get something" one
specialist in the food business
declared. THE embassies want
loans and the companies want
contracts"
$40 Million Business
The result is a steadily grow
ing business. No hard-and-
fast total is available for WASH
ington, but some of the areas
leading caterers believe that
the $40 million figure is ac-
curate. This includes the cost
of materials and labor.
One chef estimated caterers
plan and execute about 5000
parties a year in the Washing
ton area, or about 100 a week.
Fewer than a dozen firms in
the Capital are in the business
full-time with extensive equip
ment, but several hundred
others have delved into this
lucrative field on a part-time
basis, according to the industry.
Caterers insist that the quail
ity is as varied as the clientele
they serve. Some firms operate
out of corner delicateSsens,
while others are old-line bus
inesses with sizeable invest
ments in kitchens, silverware
and other properties.
The catering business here
employs about 500 persons full
time and an additional $500
part-tim Costs of food, labor
and equipment have risen
steadily in the last few years,
although some caterers say
they have been able to operate |
without substantial increases in
their prices.
Charging Practices Vary
Some charge by the amount
of food and services required,
while others base their prices
on the number of people at
tending. Charges range from
about $40 to several hundred
dollars. and may include only |
food or everything from soup
to butler.
I'VE had one party that cost
$780," a catering firm official
said.
1T was a state dinner for
about rs people. including the
President, followed by a big
reception"
Another firm said it recently
sent bill for 100000 to a large
convention group. That price,
however. covered more than
Evening star., 1960-01-28
B&O Net Shows
Sharp Recovery

Net income of Baltimore and
Ohio Railroad was $2,302.9l0
in December in contrast to only
$329,616 in December, 1858.
the road reported today.
Net for all of 1859 was
$l4.809.2O3. compared with
$l6,O6S. .689 in 1858.
Evening star., 1960-01-28
Merger Approved

MONROE, Mich, Jan. %
P).-Merger of the River
Paper Co. Of Monroe and
Union Bag-Camp Paper Co. OF
New York has been approved
by the company boards of di-
rectors subject to stockholder
assent.
Evening star., 1960-01-28
Business
Federal Restrictions
On Mail Solicitation
Of Savings Planned
BY DONALD b. HADLEY
Star Financial Editor

Federal legislation regulate mail solicitation funds
by savings and loan associations will be
States Savings and Loan League in this session of Congress-
1t learned today
savings and loan leaders from the Nation
proposal tentatively at the leagues annual legs
Evening star., 1960-01-28

loan associations in Maryland
have attempted unsuccessfully
several times to have a regu-
latory law adopted in the State.
but have run into strong op-
position from neighborhood as
sociations. which still are num-
erous in Baltimore.
These small associations.
often formed by a family or
ethnic group, do not follow the
kind of procedures considered
necessary in an insured or
regulated association. BY and
large, their record has been
very sound over a long period
of years and they feel they are
on firm ground in resisting
regulation.
In recent years, however,
unorthodox but successful as
sociations are being joined by
unscrupulouS operators who
find the lack of regulations has
created a refuge from which
they can extend fraudulent
operations into other States.
Direct mail has been their
most powerful weapon with
which to lure unSophisticated
savers.
Legislature PreSsured
Policital pressure for the
Maryland legislature to do
something to forestall develop
ment a disgraceful situation
already has spawned a full
scale investigation of the saw
ings and loan industry in that
State.
However, chances for any
early action appear to have
dimmed in recent weeks, with
the announcement that an
investigation by a committee
of the Maryland legislative
council will be continued
the coming summer
with an enlarged staff and
more funds.
One bill already proposed for
the short session Of the Mary
land Assembly starting next .
week would provide that any
savings and loan association |
representing itself in any way
to be insured would be required
to be insured. either by an
instrumentality Of the Federal
Government or by a CONNER
cial insurance company ap-
proved and regulated by the
Maryland insurance depart
ment.
The regulation would apply
to any representation, written,
oral or otherwise, made in
Maryland or from Maryland.
The penalty would be a maxi
mum fine Of $4,000 or impri-
sonment of not more than three
years or both.
The major weakness of the
bill is that it does not designate
any State agency to enforce it,
although 1t does provide that
the States Attorney General or
another savings and loan asso-
citation can enjoin the offending
association from further viola
tionS.
May Be SheIved
AS the bill would not touch
upon the general problem of
regulating savings and loan
associations some legislative
leaders at Annapolis have in
dicated it may be shelved until
the legislature has it's long ses-
sion starting in January, 1861.
This group may prefer to
wait until the investigation is
completed and then draft a
complete legislative program to
meet the situation.
The only Maryland company
organized so far to qualify un-
der this bill is the Security
Financial Insurance Corp, for
which A. Gordon Boone. ma
jority leader of the Maryland
House, is legal representative.
Whether this will be helpful in
passage of the bill is uncertain
Evening star., 1960-01-28
OVER COUNTER

washington listinRs on over-the-
counter markets furnished by the Ma
tlonal Association Of Securities Dealers,
Inc, as OF l pm. Thursday, January
Evening star., 1960-01-28
TREASURY BONDS

NEW YORK, Jan. % CAP).-Yester.
days closing overthe-counter United
states Government Treasury bonds.
Evening star., 1960-01-28

Prices quoted in dollars and thirty.
seconds.
Subject to Federal taxes but not to
State income taxes.