davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-02-29
BY ROBERT X. WALSH
Star Staf Writer

Sponsors of a Federal-aid
school construction bill race
against time this week in a
drive for House passage before
debate starts March 10 on civil
rights legislation.
They are confident they have
enough votes to get the COM
promise bill approved by the
Education and Labor Commit
tee- They are reasonably Ger
tain it would be cleared by a
majority of the Rules Commit
tee. And they predict it woulo
be passed by a big margin lr
the House.
But it might run into delay
this week in the Education ano
Labor Committee despite dec
larations by most Democratic
and Republican members thai
they want prompt action. The
full committee meets again to-
morrow for further considera'
ton of the $975 million bill il
took up for the first time last
Thursday.
Barden For DeliberatiOn
Committee Chairman Bar
den, Democrat of North Caro-
lima, comedies that Represent
ative Bailey. Democrat of Wes
Virginia. chairman of the sub
committee that worked out tht
proposed compromise, has suf
ficient support to get it through
the full committee.
But I didn't lay eyes on thi
bill until the committee me
Thursday" he declared. Il hav
no desire to slow down the mat
ter. But I am not in favor o
reckless and careless driving a
the expense of the American
people. If it is rushed through
Immediately Ill shout from tn
housetops."
Several members suggesteJ
Health, Education and Welfar
Secretary Flemming be. hear
on the new version, which woul
provide 1925 million in Fedora
funds annually for three year
to help States and communitie
build additional classrooms.
Representative Frelinghuy
sen, New Jersey Republican VIII
Evening star., 1960-02-29
House to Race Clock
OnSchoo| Compromise

voted for the compromise in the
subcommittee, said he did not
know whether it would be ac-
ceptable to the administration.
He noted that it went far to
meet the administrations ma
jor objections to previous
school-aid bills. He announced
that at the committees meet
ing tomorrow he will offer four
amendments, mainly to base
the money distribution on
demonstrated need as well as
school population.
The committee conceivably
could complete action on the
bill at this meeting. The way
was opened in at least one
respect when Representative
Powell, Democrat of New York,
promised not to offer the es-
peclally controversial Powell
amendment" at the committee
session, But he declared that
on the House floor he would
press for adoption of this pro-
posed ban on Federal school
aid to communities that refuse
to integrate their public
schools.
The committee last week re-
jected. 1876, a proposal by
Representative Pucinski, Dem
ocrat of Illinois. to authorize
$48.7 million in loans to pa
rochial and private schools,
with a provision for repay
ment within 40 years.
Bills Watered Down
The compromise bill differs
greatly from $1.8 billion q
year program passed by the
Senate a month ago and from
a $4.4 billion 4-year program
provided in a measure that
has been bottled in the Rules
Committee since its approval
by the Education and Labor
Committee last year.
The new bill in the House
would provide no Federal funds
for teachers salaries. 1t would
not require States or commun-
tiles to match the Federal
grants during the program S
5 first year. but would have them
do so on a $3.50 basis for the
: two years beginning July /
} 1861.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
Woodside 7 axes Office
AS New SEC Member

p Byron D. Woodside took his
oath of Office today as q mem
Der of the Securities Exchange
Commission, succeeding An
drew Downey !Orrick in a five
year term expiring June 5, 1862.
A career-service employee. Mr..
Woodside has been associated
closely with administration of
the Federal securities laws
since 1888, when he Joined the
staff of the Federal Trade
Commission, which then was
charged with administration of
the Securities Act of 1888.
After his transfer to the SEC
when the Securities Exchange
Act of 1884 was enacted, Mr..
Woodside was advanced to as
sistant director of the corpora
ton finance division in 1910
and became director in 1852.
In this capacity he has served
as one of the SECS principal
advisers in administration of
the securities laws.
Mr.. Woodside has been with
the SEC continuously since its
creation except for IA months
when he was on loan to the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15

quay, 1852; Argentina, ZIG,
and Brazil. 15.5.
Some countries have been
running counter to the gen.
eral trend of improvement in
the late 1950s.
Top dog Portugal's rate in
1954-59 is is, against 0.6 in
the 1949-54 period. Similarly
West Germany, where prices
rose at annual rate or in the
early years has averaged %
in the later ones. midas more
recent average is a 81 drop,
against OIL earlier. Turkey
has gone from "a to 1877 as
the years passed for a 10-year
average of IT.. and Uruguay
from 7.8 earlier to 14.4 later,
for an annual rate of 11.2.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
Major Speakers Listed
For ABA Convention

81 Washington bankers who ex-
pect to attend the Seth annual
convention of the American
Bankers Association in New
York City in September will
hear some interesting speeches.
The program announced to-
day lists these prominent
speakers for the two general
sessions: John j. McCloy, board
chairman, Chase Manhattan
Bank; DR.. Gabriel Hauge,
chairman of the Finance Com
mittee, Manufacturers Trust
Co.; Robert Cutler, United
States executive director, and
Or. Felipe Herrera, president,
of the Inter-American Devel-
opment Bank; w. Randolph
Burgess, United States Ambas-
sador, North Atlantic Treaty
Organization; John w. Rem
ington, president of the ABA
and president of Lincoln
Rochester Trust Co. of
Rochester, N. Y.
Speakers for annual meet
ings of the ABA divisions in
clude:: Ray M. Gidney, con-
troller of the currency; Ken
meth C. Royal, former Secre-
tary of War; Robert w.
Sparks, banking consultant;
Roger L. Currant, Fall River
(Mass) banker; Gov. Robert
E. Smylie of Idaho; Robert N.
Hilkert, first vice president,
Federal Reserve Bank of Phil
adelphia; Dick Simpson, Ar
kansas bank commissioner.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
PEOPLE
IN
BUSINESS

Edward Devils has been
named assistant sales manager
Of Valley Forge of Washington.
He has been with the company
IL years.
K Albert b. Porter has Joined
the agency department of Peo-
piles Life Insurance Co. as as
siStant in sales promotion and
advertising. He formerly was
with Melpar.
Z. William F. Heavey, jr., has
been appointed sales engineer
in the Washington Office of the
Cooper-Bessemer Corp. He is
a graduate of the Naval Acad-
envy.
Reginald Martyr, one-time
member of the Washington
Senators, has been named re-
gional representative for the
dishwasher division of Hobart
Mfg. Co. in a realigned New
York territory. His territory
formerly included Washington.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
New Firm to Sell
Typewriter Accessory

A new Washington firm, Me-
chanical Enterprises, Ine.,- has
been organized to market a
typewriter a accessory called
Typit.
Robert H. Twyford is presi-
dent and Stephen E. Hartnett
is executive vice president.
Both have been with Atlantic
Research Corp. and are CO.
investors of Typit, a device
which permits the addition of
technical symbols to a type
writer without major modifica-
ton Of the keyboard.
The company also has plans
for a number of other devices,
principally in the office ma
chimes field, Initially is &C.
cupies 1900 square feet of
space at 1888 Jefferson Davis
highway in Arlington.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
Auto Production
Held at 104 900

DETROIT, July Is (AP)
Shutdowns at eight Ford plants
through supply shortages caused
by a now-settled stamping plant
strike will be a prime factor in
holding domestic auto produc-
ton to an estimated 04,400
units this week, Automotive
News said today.
However, the trade paper
added, auto production is up
ST. per cent from last week
when the Ford strike, vacations
and the holiday held output to
SO, 1881 units. This weeks pro-
duction also compares with the
1915 cars built in the same
week last year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
GEORGIA MAN
FINDS D. IS
WONDERFUL

A Forest Park (Ga.) man
thinks Washington taxi
drivers are friendly, wait
resses pleasant and hotel
clerks cordial.
He delighted the Board
Of Trade with his observs-
tons in a letter. Thomas
j. Nix informed the organ
ization:
Washington is beautiful
beyond all my preconceived
ideas.
In addition to the
n aturaT and structural
beauty, I found the friend
illness of the Washington
ians charming. Washing
ton was no strange city to
me but rather my home
town revisited after a
long absence.
Washington is wonder
full. Now more than ever
I am proud of my natural
heritage as an American
citizen"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
Swiss Bankers
MayControI
Fate Of BIO

BALTIMORE, July is (AP)
Gould a group of men in
Switzerland have the final say
on attempts by the Chesapeake
g. Ohio Railway to. gain con-
troll Of the Baltimore & Ohio
Railroad?
The Baltimore Sun posed
that question in today's edi-
tons, saying there is a widely
accepted report" that Swiss
bankers own--or at least con-
trol-about one-third of the
BIO stock.
IF they should decide not to
exchange their BIO shares for
stock in the CO" wrote Sun
Financial Editor Jesse Glas-
gov, then the merger could
not proceed as directors of the
two roads have recommended. +"
The Sun explained that rail-
roads must file an annual list
Of their 80 largest stockholders,
and the votes they have, with
the Interstate Commerce Com
mission, and the last such re-
port shows that Swiss banks
are the second and third larg-
est B&O stockholders.
One bank held about 175,000
shares and the other 10000, it
said. The newspapers said an
other Swiss bank, listed 18th
among the top 80, is the same
as the No. 3 bank, trading
under another name.
The Gao proposes to acquire
control of the Bro by exchang-
ing one share of Gao common
for each share of BIO pre-.
ferred and one share of Gao
common for each IA shares of
BIO common.
The New York Central Rail-
road has offered B61O share
holders liz shares of Central
common stock and SO in cash
for each share of BIO common.
The Central made no offer for
B&O preferred shares.
The Central yesterday called
IA special stockholders meeting
for October 4 to vote on its
offer to the BIO. The meeting
in Albany, N. Y, will be about
one week after the Central's
offer expires.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
1 trucking line owned by a rail-

trucking line owned by a rail-
road.
1--WE are opposed to one form
controlling another" Mr.. Law
renee said. Unfortunately
there has been an erosion of
the restrictions against this.
We'd like to see them strenth-
ened."
If common ownership is al
lowed, he said, ut would even
tually eliminate competition,
and independent ownership
would gradually disappear"
Attacks Rate Practice
He insisted he wants no
favoritism for the trucking in
dustry from the Government,
but expects instead fair treat
ment of all forms of transpor-
tation."
Mr.. Lawrence attacked what
he called "selective rate cut
ting" on transportation charges
"a practice he said some rail-
roads have followed.
AS an industry capable of
handling many types of cargo.
he said, the railroads can "cut
rates on competitive commodi-
ties" while holding firm ON bulk
goods-such as coal-which
trucks do not normally haul.
He said that truckers tend
to specialize in one kind of
cargo, and thus one segment of
the industry is unduly hurt
when a railroad INDUCES in
such a practice.
He charged that the railroads
are spending thousands of dol
lars in a campaign for the
right to own and operate truck
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
1870 Gain Posted
By Westinghouse

PITTSBURGH, July is (AP).
WESTINGHOUSE Electric Corp.
announced its net income for
the first half of 1860 increased
10 per cent over the same Pc
Rod last year.
Earnings for the first six
months this year totaled $40,-
$4,000, or $1.14 a common
share, compared with $34,150,-
900, or 96 cents a share. Net
income for the second quarter
of 1860, which was $20,958, 900
or SO cents a share, set an all
time high for a second quarter.
Net sales for the first half
of this year totaled $3.50, 1874, 900
compared with $9l4.204.000 for
the same period last year, a 4
per cent increase.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15

dividual accounts in it's first six
months of operation, President
Josiah S. Everly announced.
I'VE believe that we have had
faster growth than any other
new area association in recent
years." he said. The association
also made 81 million of loans
on homes in Northern Virginia
in the six months, he added.
The association was organized
by a group of % Alexandria
and Arlington businessmen in
mid-January and opened for
business at Ais Mount Vernon
avenue in Alexandria
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
Bendix Corp. Moves
Regional Office

The eastern regional Office of
the computer division of Ben
dix Corp. will be moved from
Washington to New York City
in the next few weeks.
Robert A. Sweet, who has
been regional manager here
since 1856. will become sales
manager in the home Office at
Los Angeles.
Cary Armstrong has been
named Washington d istric t
manager for the division. He
has been senior sales engineer
for the Washington region.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15

lines without restrictions. The
Federal transportation law
presently limits railroad opera
ton of trucks to service supple
mental to their rail business.
Backs Joint Service
Instead of fighting, he said
railroads should learn to CO.
operate with the truckers. He
added that the Nation is chang
ing rapidly and needs both
forms of transportation.
There is provision at present
for through joint rates and
through service-the kind OF
service the public wants." he
declared, but some railroads
won't cooperate to provide it."
AS the executive head of an
agency that represents by and
large the owners of America
IL million trucks, Mr.. Lawrence
is naturally a powerful figure in
the industry.
The organization he helped to
set up now has an annual gross
income of about 81 million and
some 300 employees. 1t not only
deals with the Government on
transportation matters, but also
helps to solve industry
problems.
Mr.. Lawrence, as is his GUS
tom, discusses the Alta proudly
but matter-of-factly.
mo Nationwide industry be-
comes or remains great in
America without an effective
national organization" he de-
clared. That's why the Alta
exists"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
Rear Guard Fight Set
Against Rising Prices

! In the last 10 years the mar
ket place value of the United
States dollar has been falling
at the compounded rate of 2
per cent a year.
This compares with Portu-
gals loss of only 0.5 per cent a
year, but with Bolivia'S whop-
ping annual depreciation of
1873 per cent.
These figures, as compiled
by the economists of the First
National City Bank of New
York, are for the period 1949
through 1859.
Since then the United States
cost of living index has gone
on rising. With the 1947-49
average 100, the index stood
at 1855 in December. 1859,
and at 1868 this May. Gin
December, 1919, it was 1910
and in December, 1854, it was
114.3)
But West Germany, where
the annual rate of fall in the
marks purchasing power has
been notably less than here,
new inf1ationary presSures are
being fought today.
Britain Puts on Controls
Britain is trying stricter
monetary and credit controls
to ward off new assaults on
the pound sterling's stability.
And other nations with a boom
on their hands Gas contrasted
to the industrial lull here) also
find their money in danger
again.
The nine nations that have
Jared better than the United
States in the annual rate of
depreciation and the percent
age of fall are: Portugal 0.5,
Switzerland IL, West Germany
IL, Ecuador Is, Venezuela 1.6.
Belgium and Pakistan ID and
India 1.9.
Among our allies with less
luck are Canada "a, Italy Of,
Japan %, Netherlands 3.6.
United Kingdom Al, and
France so.
But in Japan, Italy. France
and Britain the decline was
sharpest in the early years of
the last decade. And the
French figures don't reflect all
of President de Gaulle's re-
forms.
u. S. Record Improved
The United States also did
better in the years since 1854
than in those before, as did
Ecuador. Canada, the Neither
lands, Austria, Australia, and
Paraguay, the last among the
five worst hit nations.
These five, with the annual
rate of depreciation COM
pounded for the decade are:
Bolivia 1873; Chile, 26.7; Para
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15

oSOs
= June debts amounted to
$1,961 ,841 900. also a new high
for the month. They were 81
per cent ahead of 81. 1922, 916, 600
in June last year and 800 per
cent above 81 .429.062.000 in
! June, 1855.
Regarded as a major barom-
eter of general business activ-
ity, debts represent withdraw
ais from demand deposits, ex-
Guiding interbank and Govern
ment accounts. They provide
the best guage of the flow of
cash through the banking sys-
TEN.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
TALKING OF BUSINESS
Trucking Voice Wants Railroads
70 Stop er-Industry Feuding
OF BUSINESS

~ w AAAA<A1AANA
Star Stan Writer
One of the most powerful
voices of the trucking industry
was strangely hesitant one re-
cent morning.
Although he probably
wouldn't admit it, John v. Law
renee is a surprisingly shy.
modest man despite nearly 80
years Of representing that in
dustry in Washington.
Mr.. Lawrence, so, a white
haired veteran of hundreds of
congressional battles over
transportation, is managing di-
rector of the American Truck
ing Associations, Inc, one of
the largest national organiza-
tons in Washington.
He can't recall how many
times he has testified before
Congress ("Once they even ac-
cused me of treason" he re-
called with a smile), but he
had to be coaxed to speak
about himself and the things
his organization has accom-
plished since 1888,
Helped Merge Groups
In that year two organiza-
tons, the American Highway
Freight Association and the
Federated Truck Associations Of
America, merged to form the
Alta. Mr.. Lawrence, who had
come to Washington earlier
that year with the FTAA,
helped to organize the new
group.
The trucking industry then
was relatively new, mostly COM
posed of small operators spread
throughout the United States.
To represent themselves before
the Government and to protect
their interests against COM
peting forms of transportation,
the industry banded its State
associations together in the
Alta.
To this day, the Alta has no
individual members, but is COM
posed of so independent State
trucking associations and IL
autonomous conferences. The
latter represent special types of
truck operation.
Financial Ties Improve
In his modest Office at 1924
Sixteenth street NV, soon to be
vacated in a move to the ATA's
new building in the rear, Mr..
Lawrence considered his Or
ganlZatl0n'S work.
I'VE have made progress in
a lot of areas" he declared.
I'VE have had long campaign,
going back Is years, to improve
the relations of this industry
with the financial institutions
of the country.
1--WE were then coming out
of the war. Truckers had old
equipment, and where would
they get the money to replace
it? We have made very def
mite progress in developing a
much improved situation in
that regard. People have been
shown that the industry is a
stable one and a very good
investment"
Warming to a subject of ma
jor concern to the Alta, he
turned his attention to the
matter of common ownership"
of competing forms Of trans
portation las, for example, O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
CHICAGO
LIVESTOCK

CHICAGO, July Is (AP) (UsDA) -
Hogs 5000; active all classes fully
steady; good shipping demand; early
and mixed ID 10000 10. butchers
1S.OO-rS 20; around It's head at 1925;
bulk of mixed lots 1-3 and 20 190-240
lbs. 17.25-1S.00; mixed 80 and 3s
and IS 27O-3OO lbs. I6.25-17 90; mixed
grade "a and IS 100000 ID. sows
IA. OO-1 90; mixed "a and 3s 400
$50 lbs. 13.00-I425.
Cattle 200; no calves: small receipts
largely cows; not enough slaughter
steers. heifers or bulls on sale for a
price test: cows steady; vealers very
scarce and steady; utility and CONNER
cial cows l4.75-17.00; Gamers and
cutters is 25-i7 90; a few good vealers
"a. 0O-25. 90; standard 1S.00-24 90;
culls down to 1900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
By SAM DAWSON

=
NEW YORK, July 15.-The
battle against the rising cost
of living has been largely a
rear guard action in the United
States. At least nine other ma
lions have been more success
full in cushioning the fall in the
purchasing power Of their
money.
The cost of living index here
is at a record high and relief
isn't sighted before fall.
But it's some consolation, if
q wry one, to know that at
least 26 other nations have
had less success than we in
fighting the depreciation of
their currency.
Dollar on 2 Pct. a Year
And right now some impor-
tant ones are facing strong
inf1ationary upward pressure
while our money managers
tell us that ours is relatively
mild.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
ACF Industries
Has Big Gain in Profit

ACT Industries, Inc, which
t.has operating divisions in this
sarea. reported a net profit of
$5,166,000 for the year ended
April 80, a gain of 80 per cent
afrom $2.720,000 in the previous
,year.
! The net was equal to 1884
a share, compared with 1892 a
share in the preceding period.
Sales, rentals and services in
creased to 73,046, 900 in the
year from $185, 1895, 900.
Chairman William T. Taylor
said the outlook for the cur
rent year is for improved sales
and earnings, mostly in the
last half of the year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
Weather, Sales
Spur Retail Trade

NEW YORK, July is (AP).-
Stimulated by hot weather and
continued reduced-price sales,
retail trade in the week ended
Wednesday exceeded the year.
ago level, Dun & Bradstreet,
Inc, said today.
Dollar volume was up / to 5
per cent.
Biggest gains were in mems
and women's summer apparel,
outdoor furniture and air con-
ditioners. Smaller increases oc-
CURED in sales of new passen-
ger cars and fall apparel.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
TeIetroy EIectronics
Plans Annual Meeting

Teletray Electronics Systems,
Inc, which makes electronic
ordering mt chimes for restau-
rants, will serve hamburgers
and malts 10 its stockholders
at the annual meeting next
Monday evening.
The meeting is scheduled at
the Tops Drive-In, 6501 New
Hampshire ave., Takoma Park,
Md, at 8 pm. Stockholders will
elect directors of the Silver
Spring firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
METALS

NEW YORK, July 15 (AP).-spot
nonferrous metal prices today: Copper
Lead IL cents o pound, New York.
Zinc IS cents q pound. East st. Louis.
Tin 1.03 q pound, New York. For
eign silver 9196 cents per troy ounce
New York
Pittsburgh scrap steel No. ] heavy
was quoted by Iron Age at sc. 00-31 90.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
Copitol Bank Debts
Set New Records in
June and Six Months
BY DONALD b. HADLEY
Star Financial Editor

Washington banks debts expanded $11l46276o00 in
the st half Of this year. record for the period and "a
cent ahead of $0887 year earlier data from the
Federal Reserve Board disclosed today.
The latest total also up impressive 1914 per
cent from 1896 1000 in the period of 1885, just
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-15
Bonn Aids Chile

BONN, Germany, July Is
(AP).-West Germany is send
ing a 10-man team of special
lists to advise the Chilean
government on reconstruction
of quake devastated areas in
southern Chile.