davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-02-25
WoodiesChiefs Dream
OF $50 Million Sales

officials of Woodward &
Lothrop are dreaming about
an annual sales volume of $50
million in its present 80th an
niversary year. said Board
Chairman R. E. L. johnson last
night.
Addressing nearly 500 off,
,cials of manufacturing and
processing companies supplying
his firm, Mr.. johnson added
that in the 50 weeks ended
January 81, sales exceeded $40
million. This was Just before
the new Wheaton Plaza store
opened.
Other company officials in
dicated that Wheaton Plaza
sales have far exceeded expec-
tations and currently are run
ming second only to the down.
town store.
Mr.. Johnson said that sales
rose from $37.8 million in 1850
to 1894 million in 1859 and
that downtown improvements
amounting to more than Sc 7
million in the 10 years had
aided growth at the main store.
Downtown sales now exceed
total company volume of 10
years ago he said
In outlining continued i'm
provementS in operations, Mr..
johnson said a new punch card
sales check would reduce greatly
the handling and chances for
errors.
The company's annual total
OF around II million sales
checks have required 10 han
dlings each under old methods.
Under the new system installed
only a month ago landings
can be reduced to only two
each. This represents a diff
ference between 120 million and
"a million landings he said.
Parker Is Speaker
President Andrew Parker Of
Woodward & Lothrop pre-
sided at the dinner for the
stores resources at the Stat
Evening star., 1960-02-25
Seven Dealers Get
Comet Franchises

Ford Motor Co. today an
nounced granting of seven
dealer franchises IN this area
for sale OF its new car, the
Comet, when it is offered to
the public in March.
The dealers announced by
William B. Crete, district man.
ager for Lincoln Mercury Di-
vision, include: Moore-Grear
Motors, Washington: Mark Mo-
tor Co.. Rockville; Guy Steuart
Motors, Silver Spring; Grady
Motors Corp, Bethesda; Trio
Motor Sales. Fairfax; Shirling-
ton Motor Co, Arlington, and
O'Brien 81 Rohall of Arlington.
Evening star., 1960-02-25
SEC Sets Rules
ForVariabIe
Annuity Firms

The Securities and Exchange
Commission today fixed the
rules under which the Variable
Annuity Life Insurance Co
and the Equity Annuity Life
Insurance Co., both of Wash
ington. will be permitted to
operate in compliance with the
Investment Company Act.
The SEC exempted the COM
panies from the acts pro-
visions against issuance of
senior securities. Since vari-
able annuity contracts are
senior securities in relation to
the companies capital stocks,
an exemption was necessary
to permit issuance.
However. the decision pointed
out that variable annuity con-
tracts are designed to place
on holders the risks ordinarily
associated with common stock
of an investment company.
Sales Changes Permitted
The exemption also per-
mitted the companies to COL
lect sales charges on their
variable annuity contracts over
an assumed pay-in period of
II years in the VALIC case
and 10 years in EALIC case.
In the VALIC case the sales
charge is so per cent Of the
first years payments and S
per cent of payments for the
next II years. In the EALIC
case 40 per cent of the first
years payments and S per cent
of payments for the next 10
years will be charged.
The SEC denied an exemp-
tion to permit the companies
to make advances for bonus
payments in unlimited amount
to affiliated persons in view OF
the possible adverse effect OF
these "inSider" transactions
on common stockholders. The
commission also refused to
permit the companies to limit
their group variable annuity
contract holders to one vote
if the local insurance law does
not so require. All other con-
tract holders and common
stockholders, as required by the
act, will be entitled to vote ac-
cording to their financial in
terestS in the company.
Prohibitions Hold
The SEC refused to release
the companies from prohibi-
tions against postponing the
payment of the redemption
value Of variable annuity con-
tracts for more than seven days
after a request for redemption
is made.
In the EALIC case an ex-
emption was denied from re-
quirements Of a uniform public
sales price for redeemable Sc
curities. EALIC sought this to
enable it to sell contracts to
individuals who combine their
separate purchases to obtain a
more favorable group contract
price.
An exemption was granted to
permit a lower public sales
price on group contracts sold
to pension and profit-sharing
plans qualified under the In
ternal Revenue Code.
Evening star., 1960-02-25
Dividend Announced
By Central Chorqe

Directors of Central Charge
Service have declared a regular
semi-annual dividend of 35
cents a share on preferred
stock, it was announced by J.
p. Stakeholder. executive vice
president.
The dividend will be paid
February 29 to stockholders
of record February 20.
Evening star., 1960-02-25

Ter Hilton Hotel and introduced
the speakers and other head
table guests including company
directors and top officers.
Mr.. Parker. a grandson OF
Samuel Walter Woodward, one
of the founders, described the
high ideals of integrity, service
and quality with which the
founders laid the foundation
for the company's success and
growth.
Ludwig J. Amtmann, vice
president and general mer-
chandiSe manager. described
the company's program of ad-
vertising and sales promotion
including 4.69l,000 lines OF
newspaper advertising in 1853
extensive direct mail advertis-
ing, radio and television pro-
grams.
Leithead Praises Firm
The most critical problem
and the weakest link in mer-
chandising is the point of sale
he told the suppliers. He urged
their cooperation in diSsemi-
mating fashion and product
information among the COM
pany'S sales staff.
Barry T. Leithead. president
Of Cluett. Peabody and Co.,
a leading supplier. praised
Woodward and Lothrop man.
agement and progressive leader
ship in merchandising over a
long period of years.
In this present period of ma
tional growth it is easier To
underplan than overplan, he
said.
Among the guests at the
dinner were presidents of l52
firms, l08 vice presidents, IA
executive vice presidents.
board chairmen, IA owners and
II partners. The entire board
of WoodieS. its executive staff
and around l25 buyers and de-
partment officials attended.
Evening star., 1960-02-25
BY WILLIAM MacDOUGALL
star stan Writer

Guar ctAu HIlIeF
Young Thomas Meloy covered
the Chinese emperor's wedding
because he was nearly broke.
MY salary was $3.50 a month
when I got it," he explained.
But the Chinese Railway Sys-
tenn, which had employed him
as technical adviser, OCCASION
ally forgot about him on pay
day.
When the chance arose to
cover the deposed emperor's
wedding at the Forbidden City
in 1922. he jumped at 1t. He
needed the money.
Il Scooped the rest of the
press" he remembered proudly,
simply by getting in on the
wedding. The press was not
invited, but I wangled an in
vitation anyway"
Keep Sense Of Adventure
Thomas Meloy, now so, no
longer worries about missing
a pay day. He is president Of
Melpar, Inc, one of the Wash
Iington areas largest industries.
But he has lost none Of the
sense Of adventure and INTEL
lectual curiosity that marked
his earlier days.
I'm something OF a schizo-
phrenic, he admitted. "All the
way through college l was
interested in things like elec-
tro-dynamics and English
composition"
His tastes are still reflected
by the bookshelves Of his office
at Melpar, 5000 Arlington
boulevard, Falls Church, Va.
Beside titles on electronics and
physics stand volumes on
Aristophanes and the Armada.
Il have a great belief in the
Evening star., 1960-02-25
HE GOT FAST START IN CHINA
MeIoy Built MeIpor Since 1914
Into One of Areas Top Concerns

expanded to a larger building
in Alexandria in 1916.
AT that time" Mr.. Meloy
said, lots of people didn't care
to handle Government work.
We thought there would always
be research and development
in the field of electronics.
But before his confidence
paid of, there were problems
and heartaches. The death OF
Mr.. Parks left a personal and
business void hard to fill.
On the outbreak of war in
Korea, many large companies
returned to defense production
with new Government con-
tracts geared to the emer-
gency.
I'VE were working mostly on
flxed price contracts" Mr..
Meloy said, land before could
readjuSt, they had hired away
about half of the engineers l
had.
1T upset the balance Of
everything" he added. My ef-
hciency went way down"
Sells to Westinghouse
The costly erosion of his
carefully trained manpower, he
said, was one Of the reasons he
agreed in 1851 to the purchase
OF his company by the Westing-
house Air Brake Co. The price
was repeatedly about 81 million.
Il haven't regretted it." he
said.
1t was good investment for
the air-brake firm. Melpar
earned 81 million after taxes in
1858, nearly one-fourth of the
parent company's profits.
The largest of METROPOLITAN
Washington's burgeoning re-
search and development firms,
'Melpar is constructing a 120.-
O0O-square-foot addition to the
headquarters plant. 1t is sched-
uled for completion in the fall.
Moves to d. c. Gradually"
Although the plant is located
in rural Virginia, Mr.. Meloy
chose to live in Washington.
He moved to the city grad
ually," he says, from his for
mer home in suburban New
York.
J First commuted one day a
week to Washington, then two.
then three-and finally I was
spending only week ends in
New York" he recalled. At that
point in 1852 he succumbed to
the inevitable and moved TO
the Capital.
Living in Washington is a
subtle thing he unused. 1T
grows on you. It's a softer.
quieter place than most. and
has some of the atmosphere Of
a small town."
! Its a very pleasant place TO
live" he concluded.
Evening star., 1960-02-25
CREI Session

Field representatives Of Cap
ital Radio Engineering Insti-
tute from % major cities
opened a three-day meeting at
the Woodner Hotel today. Pres
ident E. H. Rietske welcomes
the visitors at the first session.
Evening star., 1960-02-25
New Sofewoy Opens

A new SafeWay Store opened
today at 110l University boule-
ward in East Langley Park, Md.
With 10000 square feet, it is
the sixth new Safeway opened
in this area this year. William
H. Perrell is manager.
Evening star., 1960-02-25
YOUR
MONEYS WORTH
Save on Toxes-W
~ SYLVIA PORTER

esesrch Institute Of America
tax you would have had to pay
anyway if you hadn't deducted
the expense - plus a minor
amount due in interest. If your
deduction is permitted to stand,
you've saved taxes and, quite
possibly, substantial amounts.
In counting up your medical
expenses, also be sure not to
overlook such other not-so-
obvious expenses as: Cost of
eyeglasses and hearing aids:
elastic stockings. artificial
teeth, braces: special mattress
and bedboard for arthritis;
cost of laboratory tests. X-rayS
and examination: special ulcer
food if prescribed by a doctor
and not in place of a normal
diet. Your medical expenses for
income tax reporting purposes
this spring include all costs you
incurred to prevent or cure an
illness during 1859.
And just as you include as
medical expenses the amounts
you paid to your regular family
! physician or dentist. so VOL
should include amounts YOU
may have paid for the services
OF a chiropractor, osteopath
authorized Christian Science
practitioner, etc.
/ Final Warning
A last warning before I wind
up on medical expenses, though
II you are advised for medical
reasons to take up what other
wise would be viewed as purely
personal activities, neither the
Treasury nor the courts will
consider the cost of these activ-
tiles as medical expenses. As
an illustration, one individual
was told by his physician to
improve his physical health
and by his psychiatrist to i'm
prove his mental health-that
he should take up dancing and
table tennis. He followed theiI
advice and spent almost $4,000
in the next three years on dane.
ing lessons. which he claimed
as medical expense deductions
But neither the Treasury MOI
the Tax Court considered the
dance inStructreSses as trained
in physical or psychiatric ther.
apy. They laid down the rule
that no medical expense de-
duction can be claimed for en-
gaging in purely personal ac-
tivities such as dancing. golf
tennis, etc.
Sunday: How much you car
deduct for sales taxes.
Distributed 1860 by the Hall
Syndicate. Inc, AL Rights Reserved
Evening star., 1960-02-25
GorfinckeI Directors
Declare Dividends

Directors Of Julius Garfinckel
& Co. have declared quarterly
dividends of 28ls cents share
on the 4l2 per cent convertible
preferred stock and 25 cents
a share on common stock.
Both payments will be made
on March 81 to stockholders
of record March Is.
Evening star., 1960-02-25
Business
Bank of Commerce
Has Best Year With
Income Up II Pct.
BY DONALD B. HADLEY
Star Financial Editor

The Bank Of Commerce had the year its history in
1859 and net operating earnings climbed 81 President
Thomas Groom reported at the annual stockholders meeting
today
Net operating earnings before taxes amounted to
$4674O compared with preceding year he said
Evening star., 1960-02-25

humanities." Mr.. Meloy said
Il like to read lots of things
histories, whodunits and
drama"
The son Of a school teacher
Mr.. Meloy was born in Harris
burg, Pa. He was graduated
from Harvard with a bachelor
Of arts degree before he studied
engineering at Massachusetts
Institute of Technology.
After two years in China, he
returned to the United States
and worked for Bell Telephone
Laboratories and the late
Henry L. Stimson. In aSsocia-
ton with Joseph Parks, who
died in 1916, he set up a firm
Of consulting engineers in New
York, which was active until
almost the end Of World Wal
II.
"One day" Mr.. Meloy re-
called, i had a phone call from
a Navy officer in Washington
He told me about small en-
gineering company that was UP
for sale"
Buys Into Company
Mr.. Meloy. who was liquidat-
ing his business in New York
was interested. He investi-
gated the property, bought into
the firm, and. as he says, 81
was in business"
From a small building near
Fifth and H streets NV.
where Melpar named for Me-
10y and Parks was founded in
1914, the firm has grown to its
present size. 1t now employs
about 5000 persons. includes
10 plants and enjoyed sales
last year Of more than S66 mil
lion.
Melpar, in just a decade-and-
a-half, has become one of the
Nations leading research and
development firms in the elec-
tronicS field. Most of its prof.
ects, which range from missile
parts to pilot training aids, are
Government-connected.
Tight Management Is Key
The secret of Melpar's sue
cess. according to Mr.. Meloy, is
tight management"
1T involved hard work and
lots OF attention to details, -
the executive explained. He
was blessed. he said, with a
talented group of top level as
sistants. most of whom have
been with the company since
its founding. Edward M. Bos-
tick is executive vice president
and general manager. and Ar
thur c. Weld vice president fol
operations.
They are competent men, y
Mr.. Meloy said, land that's the
reason we succeeded"
Today the company engages
in many areas of research and
production-much of it secret
Among its developments are
such items as antenna, radar
fire control systems, digital
computers. automation equip
ment. printed circuitry ano
magnetic recorders.
1t was not that way in the
beginning, Mr.. Meloy recalls.
I'VE had to take more
chances then" he noted. But
we got a few contracts, and
built up our business"
Expands to Alexandria
Concentrating mainly on
Government contracts. Melpar
Evening star., 1960-02-25
OVER COUNTER

Washington listinsS on over-the-
counter markets furnished by the Ma
tional Association Of Securities Dealers
as of / pm. Thursday, February 25:
Evening star., 1960-02-25
I'm collaboration with the

I'm collaboration with the R
OF course you know that in
totalling your 1859 medical ex-
,penSes to see if you have an
income tax deduction, YOU
should include all your doctor
and hospital bills. Presumably,
you also know that you should
include any cab fares or other
travelling expenses involved in
getting to and from your
doctors Office.
But what if your doctor lives
far from you? Can you deduct
the expenses of travel to and
from his office-even if you
carry it to the point of trans
continental medical trip?
The answer is "yes."
A taxpayer who lived in Los
Angeles took an annual trip
to New York to the doctor of
his choice for a medical check
up. Under the general rule, his
travel expenses were deductible
But the problem in instances
involving major trips is that
the Treasury tries to find some
way to make the cost non
deductible - for example. by
claiming that you've made the
trip for vacation rather than
medical reasons.
Thus, in the case of the Los
Angeles-New York trip, the
taxpayers wife also made the
trip at the same time as a
buyer for her firm. Despite this
circumstance. the Tax Court
found that the taxpayer took
his trip not to get a vacation
but to get the medical check
up. AS he had stated. The
courts reasoning was that if a
taxpayer wants to use a doctor
who lives 5000 miles away
from home rather than one
nearby, that's his affair. The
Treasury can't insist that he
should have picked a physician
nearer home.
Procedure Emphasized
The vitallv important money
saving angle v have en-
phasized in the past two COL
umns dealing with other new
angles on medical expense de-
ductionS applies here too:
When the courts and the Treas
ury disagree and the courts
view favorS you, claim the de-
duction in accordance with the
courts ruling. If your return is
examined and your deduction
is disalloWed or a final settle
ment of the issue at stake goes
against you, it simply will mean
that you will have to pay the
Evening star., 1960-02-25
TREASURY BONDS

NEW YORK, Feb. 2s CAP).-Yester.
days closing oVer-the-counter United
States Government Treasury bonds.
Evening star., 1960-02-25
OldCIub
Restaurant
SIS S. Woshinaton. 4

555 5. Woshlnqfon, Alex
Meet friends at Geo. a
q Washington'S old Clubhouse. <
4 Finest FOODS at prices you like. z
4 attractive Colonial dining rooms
open nreplaces Luncn and dinner
daily except Monday PARK Freei
Worries. Bouquets. Meetings. Receptions
Evening star., 1960-02-25

Prices quoted IN dollars and thirty
seconds.
Subject to Federal taxes but not Il
9tate income taxes.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1960-07-22
MAINS HARBoR PERSONALS

Mr.. and Mrs. Earl Bratten have
returned to their home in Great
Bridge after spending last week
with Mr.. and Mrs. j. H. Bratten.
Miss Nancy Sawyer has returned
home after spending last week in
Norfolk with Miss Virginia Saw
yer, while in Norfolk Nancy at
tended the Grossinger-Hayes we'd
ding Saturday.
Mr.. and Mrs. Ira Spencer, Jr.,
and children visited Mrs. Spen-
GERS parents, Mr.. and Mrs. ]. w.
Warren of Great Bridge the week
end. Susan Warren accompanied
them home for a visit.
Mr.. and Mrs. Howard Jones and
children, Ramona, Steve, and Sher-
ry of Harkers Island visited How
arr's parents, Mr.. and Mrs. Stew
art Jones last week.
Guy Manns and Mrs. M. NJ. Saw
yer spent Saturday in Columbia,
Mrs. Sawyer also visited her uncle,
]. J. Everton of Gum Neck.
Mrs. Mary Dickerson has return
ed home after visiting with her
son-in-law and daughter, Mr.. and
Mrs. David Hornick of Norfolk.
Mr.. Dickerson who is serving with
the USMS overseas joined her in
Norfolk for the week end.
Mr.. and Mrs. Stewart Jones and
Mrs. Flay Kemp and daughters,
Faq and Kay visited Mrs. KemPs
father-in-law, Charles Kemp of
Gum Neck on Thursday.
Mr.. and Mrs. Wilton Craddock
and daughter, Vickie, spent the
week end in Goldsboro, with Mrs.
Craddock's parents, Mr.. and Mrs.
Chas. Gilmore.
Mr.. and Mrs. Edward Jordan and
children of Norfolk were week end
guests of Mrs. Jordan's parents,
Mr.. and Mrs. j. H. Bratten.
Mr.. and Mrs. Marshall TSliett
and daughter, Marsha Lynn of
Norfolk were here for the week
end.
Mr.. and Mrs. Donald Green and
daughter, Carol Ann of Elizabeth
City spent the week end with her
parents, Mr.. and Mrs. Calvin Beas-
ley.
Mr.. and Mrs. Wilbur Primer
spent Wednesday in Norfolk.
Mrs. Ernest Armstrong and chill
dren, Linda, Betty and Billy of
Virginia Beach are spending the
week with her mother, Mrs. w. S.
Primer.
Miss Lima Gard of Norfolk spent
the week end here with her parents,
Mr.. and Mrs. Cleveland Gard.
Mr.. and Mrs. Ira Spencer, ST.,
spent Tuesday in Norfolk.
Mr.. and Mrs. Thebert Tillett Wis
tied their daughter, Mrs. Joseph
Hassell, a patient at Portsmouth
Hospital, their grandsons, Joey and
Russell are here with them while
Mrs. Hassell is ill.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1960-07-22
sALvO PERSONALS

John Farrow of Manteo visited
his brother, Perry Farrow.
Mrs. Maria Hooper, Mr.. and Mrs.
Floyd Hooper and daughter, Al
deana spent Monday in Norfolk.
Earl Whildbee of Union City, N.
j., has returned after two weeks
with his mother, Mrs. Melvina
Whidbee.
Mrs. Louise Leary and Mrs. Lucy
Hooper We're in Engelhard Tues
day.
Mr.. and Mrs. Graves Midget,
ST., left Wednesday to visit their
son Vance Midget in Elizabeth
City. Mr.. Midget will also go to
Norfolk for hospital check up.
Mrs. Ellen Farrow and children
Everett and Norman of Buxton re-
turned Tuesday after visiting her
parents, Mr.. and Mrs. Graves Mid
gett.
Little Vivian Almond of Norfolk
is visiting her grandmother, Mrs.
Zenovah Hooper.
Floyd and Edward Hooper were
in Manteo Saturday.
Mae Fulcher and daughter, De-
nice are visiting her sister, Mrs.
Ellen Farrow of Buxton.
Mrs. Claude Whitehurst, Mr.. and
Mrs. Paul Brothers and children,
Mrs. Faye Whitehurst and daugh-
ter of Norfolk visited Mrs. Melvina
Whidbee.
Mr.. and Mrs. Frank Meekins Of
Rodanthe and Mrs. Alexander
Meekins of Waves visited Mrs.
Josephine Gray Sunday night.
Burgess Hooper Of Norfolk spent
the week end with his family.
Mr.. and Mrs. Pritchard Gray, Jr.,
and daughter, Maxine visited Mrs.
Gray's mother and brother, Mrs.
Kitty and Wesley Gray Sunday.
Rev. Shirley Hinson and Emily
Davis of Norfolk spent the week
end with Mrs. Louise Leary and
Mrs. Lucy Hooper. Mr.. Hinson
filled the pulpit Of the Assembly
of God church Sunday.
Mrs. Frances Gray Of Manteo
visited Mrs. Kitty Gray Tuesday.
Mrs. Elsie Hooper and children,
Sharon, Gussie and BERTHE Kay are
visiting in Manteo.
Mr.. and Mrs. Jim Hooper, Mr..
and Mrs. Leslie Hooper spent
Sunday in Norfolk.
The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1960-07-22
ADMINISTRATORS NOTICE

the estate of John H. MeelSins Of
Colington, Dare County, North Car
DINA, this is TO notify all persons
having claims against the estate
of said John II. Meekins to pre-
sent them to the undersigned with
in one year from date Of this no
tice or same will be pleaded in bar
OF their recovery. All persons in
debted to said estate please make
immediate payment.
EDITH T0LER
Kin Devil Hills, N. 6.
T-7-22-6tc
Evening star., 1960-04-24

NEW ALCOA SIDING Is A WALL OF BEAUTY
New AIcoa' Aumaure finish and bondezed pant-gippng
surface preparation combine to give you the most durable most
weather resistant siding finish known New modern coos in
rs beautiful combinations developed for Alcoa!
Evening star., 1960-04-24
New . aluminium siding made only by ALCOA
gives you three wonderful walls in one!

Sold exclusively by authorized dealers
for these great names in building:
Barrett Division of Allied Chemical Corp.
Bird & Son, Inc. The Philip Carey Msnufac.
turing Co. The FIintkote Co. Msstic Corp.
See the Building Section of this news
paper for your authorized Alcoa
Siding dealers advertisement.
Aluminium Company of America,
22O9-D Alcoa Bldg, Pittsburgh 10, Pa.