davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-11-14
TaxShoWdoWn
Anticipated by
SayinqsLeaque

Preparation for q showdown
in the near future with the
commercial banks over savings
and loan taxation was called
for today.
President w. o. Du Vail Of
the United States Savings and
Loan League. urged savings and
loan associations to gird them
selves for this encounter. He
told the leagues annual con-
vention at Miami Beach, Fla,
today: There Is little doubt
that the pressure generated by
organized groups and individ.
uals will force q showdown on
this tax problem in the very
near future"
MIR. Du Vail continued: 1.-The
inherent differences between
the operation Of our business
and the operation Of the COM
mercial banks provide ample
justification for our present
reserve deduction. It is our
belief that a review by the
Congress Of these tremendous
Observation-Disclosures which
are so well exemplif1ed by the
broad and almost unlimited in
vsetment powers Of the banks
compared with the extremely
restrictive area in which our
institutions can operate, plus
the many profit-making OPP
portunities available to the
banks and denied to our in
Stitutions-will convince Con-
gress that the present law is
equitable, fair and just. These
inherent differences make it
so. ] urge you to be vigilant,
vigorous and steadfast in its
defense.
Savings and loan associa- =
tions and mutual savings banks
provide more than so per cent
Of the home financing Of the
Nation. Any punitive legisla-
ton which would reduce the
ability Of our thrift institutions
to promote and generate saw
ings and, thus, reduce our
ability to provide financing for
the great home building indus
try certainly would not be in
the public interest. We believe
that Congress will understand
this simple fact"
Evening star., 1960-11-14

supply Of money for conven-
tional mortgages is described
today as ample" in ~ per cent
Of the nation, tight" in only
4 per cent. A half year ago,
the supply was ample in 50 per
cent. tight in 8 per cent. For
existing homes in good neigh.
borhoods, the supply is ample
in 70 per cent now, moderate
in 27 per cent. Last spring the
comparable percentages were
Is and 43 per cent.
As far as mortgage rates
go. the association finds that
6 per cent is the prevalent rate
in most Of the country and in
only a small proportion of the
nation are rates Of 61a per cent
and over still dominant. In
contrast. the prevailing rates
were 6A to over 61a per cent
in "a percent OF the country
six months ago.
What holds for conventional
mortgages holds for t9HA in
sured mortgages too. The sup
ply Of money is UP: the dis
counts are narrower.
Enough Of the figures. Why
does this seem good period
ing which to bargain for mort
gage money? Because we could
be close to the bottom of in
terest rates for this cycle.
On the one hand. If the
economy levels off soon and
starts up again, money won't
get much cheaper. On the
other, If the recession persists.
the Federal Government win
be back in a sea of red ink and
its own competition for funds
will put q floor under rates.
The availability OF thf
money is far more important
than its cost to the vast ma
jority. These months should be
a good time to look and bar.
gain for a mortgage.
Distributed 1870. by The Hall
y Syndicate. The. All Rights Reservea
Evening star., 1960-11-14
Ist Virginia Corp.
Announces Dividend

The board Of directors Of the
First Virginia Corp. declared q
dividend Of 2 cents per share
on the outstanding Glass A and
Glass B common stock payable
January 2 to stockholders Of
record December 5.
This represents an increase
over the cash dividend Of S
cents per share declared last
December. President Edwin T.
Holland pointed out. He added
this was made possible due tc
increased earnings Of the cor
poration and its subsidiary
banks.
Evening star., 1960-11-14
Bureau Study
Aids Program,
For Visitors
BY WILLIAM A. MILLEN
Star stan Writer


Plans for an improved sery-
ice program for school groups
visiting the National Capital
will be discussed Friday at q
meeting under the auspices of
the Washington Convention
and Visitors Bureau. tS.
Some 800 persons, represent
ative Of various interests here,
are expected to participate,
Clarence A. Arata. the bureaus
executive director. said today.
The meeting will be held at the
Burlington Hotel, 1920 Vermont
avenue NV,
More than 100 tour directors
who will bring high school
groups here In the coming
spring will participate, Mr..
Arata said. Also attending win
be transportation representa-.
tives. hotel managers, the Met,
ropolitan and National Capital
Parks police. the hack inspect
tors ofiice, educational person.
mel and sightseeing organizas
tions. -
Mr.. Arata said the object is
ITO increase the educational
benefits and personal enjey.
ment of visiting students" -,
"A better student program
will produce more valuabls
,, word-of mouth advertising by
these students, providing more
promotion OF Washington IN
their home towns" he ex.
planned. :
Edward r. Carr Is chairman
of the Washington Convention
ana Visitors Bureau. Harry T:
Thompson. superintendent. Ma
tional Capital Parks, is ex.
pected to take prominent
part in the program.
Evening star., 1960-11-14
~ -
New Sufewuy
To Open on.
lincoIniu Rood

A new Safeway store at 820S
Lincolnia road, Alexandria. Va,
will open formally at 8 am. II
is located at the intersection OF
Lincolnia road and Columbia
pike. Floor area is about $4,000
square feet. Parking is pro-
vided for 1873 cars.
The store will have automatic
entrance and exit doors, cooled
meat cutting room with the OPP
GRAFTON visible to the consumer.
complete air conditioning, and
six check stands.
An innovation will be a me.
Evening star., 1960-11-14

have been finished. Negotia-
tions are now under way for
the major financing task.
Last year. plans were made
public for q somewhat smaller
i,000-room hotel at the site,
costing about SIS million. No
mention was made then OF the
proposed new ofiice structure.
1900 Rooms
The enlarged plans call for q
i,200-room hotel and "coms
pletely changed" arrangements
for banquets, conventions, and
trade exhibits, Mr.. Cafritz said.
An unusual feature is the
vast banquet hall. capable Of
seating more than 1000 per.
sons, on the ground floor. Mr..
Cafritz said he was concerned
over the loss o9 large conven.
tions In recent years to other
cities because Of bigger 2acili.
ties for banquets other centers
could offer. This means a,il.
lions Of dollars in trade" he
emphasized.
In addition. a 5,000.square.
foot exhibition hall on Q lower
level is included. It will be &C.
eessible to motorists and trucks
carrying display machinery
from both Connecticut avenue
and Nineteenth street.
Unusual Entrance
The main entrance to the
hotel will be q circular drive
way where Connecticut avenue
and Columbia road merge.
Motorists from out of town who
DO not wish to go through the
lobby will be able to use Q
special motel" entrance and
take ELEVATORS. olrectly 70 tnelr
rooms, Mr.. CafritZ said.
The hotel and grounds will
occupy about six acres Of land
facing Connecticut avenue and
Columbia road on the north
west, Nineteenth street ON the
northeast, Florida avenue on
the southeast, and q new spe-
eially constructed roadway
named "T' street on the south.
The proposed office building
would be located between the
hotel and the recently opened
Universal office building. It
would probably not be built
until after the hotel-tenta-
lively named Universal Hotel
is finished.
Evening star., 1960-11-14
SBIC Change Seen
Beckonino Brokers

More than 5000 stockholders
were advised of new profit
opportunities available to them
as q result of recent liberali-
zation Of regulations permit
ting small investment corpora
tionS to finance more and
larger business firms.
In a letter to brokers In the
District and Is States east OF
the Mississippi. President
George w. DeFranceaux Of AL
lied Small Business Investment
Corp. Of Washington. pointed
out that under new regulations
Of the Small Business Admin
istration, SBICs can provide
equity capital and long-term
Evening star., 1960-11-14

V0lkswagen and Renault have
increased sales, Mr.. Wharton
says, but other names have
been so badly hit that they are
on the point of disappearing
from the American market"
Motor Life magazine reports
that new power packs will be
offered for the new Buick and
Oldsmobile smaller cars, the
Special and F-S5. Four-barrel
carburetors. dual exhausts and
a 10-to-l compression ratio
would boost horsepower to Its
from the present 155. r
AS reported in this space,
both cars have remarkable
agility with the present power
ratings.
,ess n
Goodyear is introducing .
new competition sports car tire
In a wide variety of sizes-full
production of a tire used By
Britain's Stirring Moss in win.
ming the Havana Grand Pril
last February.
Carroll Shelby Used the tires
to win at Riverside, Calf, and
at the Continental Divide. Sim
JeffOrds used them on his Mas.
erati to win at Elkhart Lake.
Gilbert Hllch, president oi
Aero Chevrolet in Alexandria,
has named John Ralph, former
president Of the Corvette Club
and q specialist on Corvette en-
gines and Fiberglas bodies, as
service manager.
lin Feather, . l2-year EN-
ploye Of the United Mine Work.
ers. Is the new president Of the
Metropolitan Auto Racing Fans
Club. succeeding Pat Triee, OF
Annandale.
b
President John F. Gordon Of
General Motors may have the
answer to car owners who crit
icize the annual model changes.
He calls the yearly changeover
dynamic obsolescence" and
Evening star., 1960-11-14

chanical package pickup ara
rangement, which consists oi
a conveyor across the front OF
the lobby to take the shopping
bags in a tote cart 20 the out.
side Of the building where they
are put in the customers car.
G. Clark Milbourn will be the
manager, J. w. Reese. assistant
manager; ivory 2. Rose. meat
department manager. and Mar.
vim e. Witherspoon, produce
department manager.
Evening star., 1960-11-14
Prospects Brighter,
Simmons Tells Group

Marvin w. Simmons, chair.
man, Washington Area Real.
tors Council. today told the
SD annual convention Of the
National Association Of Real
Estate Boards at Dallas, Tex,
brighter prospects are ahead.
He said current develop.
ments In the real estate mar.
ket offer better opportunities 90
the public as buyers Of homes
or rs small investors seeking
q higher.than.average return.
He said this forecast Is based
on reports made to the con-
vention by Government ofii-
cials, 1inanciers. economists
and experts in rea! estate syn
dication.
There seems to be general
agreement that the demand FOR
homes-better ones in particu.
lar-ContinUeS 70 be keen al.
though It has been blunted TO
some extent by tight money ''
Mr.. Simmons said. Therefore,
the virtually unanimous con-
clusion expressed at the con.
vention that the availability Of
home financing is increasing
while It's cost drops Is good
news for the potential home
buyers Of the Nation"
Also participating In the
convention from this area are:
c. Robert Gray Of Montgomery
County. James M. Duncan III
Of Northern Virginia, Lloyd r.
Coates OF Prince Georges
County and Clarence Dodge,
jr., Of Washington.
Evening star., 1960-11-14
Admiral Line Preview

New 1861 Admiral appliances
will be previewed by area deal
ers tomorrow and Wednesday
at the main Office and show
room, 29l6 v street NE. The
show is sponsored by Admiral
Sales Corp. Washington di-
vision.
Evening star., 1960-11-14
METALS

NEW YORK, Nov. IA tAPl-Spot
nonferrous metal prices today: Copper
80 cents pound Connecticut Valley.
Zinc 10 cents a pound. East st.. Louis
Tin / "a a pound. New York. FOREIGN
silver 91ss cents per troy ounce. New
York. Pittsburgh scrap steel No. ]
%, 00-o7. 90.
Evening star., 1960-11-14
ON WHEELS
Want Horsepower? Here 1t Is,
sy CHARLES YARBRoUeH

AS most everyone knows,
there was o great de-empha-
sizing Of horsepower q few
years ago-even to the point
of emitting the power figure
in announcements of new cars.
/ Now, with understandable
pride, ChrysIer is introducing
the 1861 3O0G, q sports touring
lear that is labeled the most
power production automobile
built in this country - 375
horsepower.
Soon Oldsmobile will revive
the Star Fire convertible, a
high performance car with
special cam. special trim and
custom interiors, but horse
power hasn't been mentioned
lat least six Of the Star Fires
are due in Washington yet this
month.
The Chrysler 30OG Is the
seventh Of q series which have
seen q new model each year
with q letter of the alphabet
indicating the year Of produc-
tion. 30.
The 1861 retains many Of
the features Of its predeces.
sors, including q sports car
interior with four leather up
holstered bucket seats divided
by an instrument console front
and rear.
There will be the inevitable
comments what can you do
with all that horsepower.
Only the purist can under
stand.
The new "G", with I5.incn
wheels, will come in the con-
vertible and two-door hardtop
body styles, with four color
offerings. white, black, red and
a new cinnamon shade.
S@&
Don Wharton, writing in the
November Readers Digest, says
the compact-car boom has cut
the sale Of foreign cars in the
United States, but fears OF il
causing a slump in gasoline and
tax revenue have been ground
less.
Evening star., 1960-11-14

nounced. Mr.. Campbell for the
past dozen years has been con.
nected with Orvis Bros. dS Co.,
and prior to that he was news
manager for the Western Union
at The Star.
Evening star., 1960-11-14

says neither our industry, nor
any other industry for. that
matter. need apologize FOR dy.
manic obsolescence. It makes
. substantial contribution %
our economy and to our cus-
TONER'S"
Evening star., 1960-11-14
New SIS Million Hotel
Plus Office Building
Is Planned by Cofritz
BY TRUMAN n. TEMPLE
star stan Writer

The cartz Construction Co. and Charles H. Tompkns Co.
are planning to build $25 million hotel plus ONCE
building costing So 81 million north Of its Universal Build
ing at Florida and Connecticut avenue NV.
Morris Cafritz president Of Carz Construction said that
preliminary plans by architect William B. Taber
Evening star., 1960-11-14
QUICK As YOU CAN SAY AMERICAN
Fastest service to Texas! Now America

Fastest service to Texas! Now American
Airlines offers 8 dependable Turbine-P Powered
Electra Flagship fights day from Washington
National Airport Flight time to Dallas is only
quick hours 10 minutes; to Fort Worth only
hours Is minutes. American Airlines also offers
nonstop DC-6 Aircoach service to Fort Worth.
Flying Americans Electras you enjoy turbine
power-plus. From take-off to touchdown, you
Evening star., 1960-11-14
Campbell Joins Buche

Edward c. Campbell has be-
come a registered representative
with Bache & Co.. Resident
Partner Henry E. Gray an
Evening star., 1960-11-14
OVER COUNTER

Washington listings on over.the-
counter markets furnished by the
National Association Of Securities
Dealers as Of pm. Monday, Novem.
Evening star., 1960-11-14

experience the sure comfort of easy-riding, easy
living travel Easy-riding because the turbine
silenced power whisks you along smoothly, effort
lessly. Easyiving because your service is distinc-
lively American from our on-their-toes steward
esses to the Deep roomy seats and delightful gour-
metmeals. For reservations, see your Travel Agent
orca American stchoiceof fexperiencedtr Travellers
at Executive 3-2345.
Evening star., 1960-11-14

loans TO small businesses have
ing securities traded on stock
exchanges or on over-the.
counter markets in cases where
public financing may exceed
100000 and net income may
be as high as q two-year avers
age Of $3.50, 900 per year.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-28
Redskins Eyeine
Georgia Posser
In Dec. % Druft

ATLANTA, Nov. % (AP).-
George P. Marshall, president
of the Washington Redskins, is
cycling Georgia's Francis Tar
kenton as a possible quarter
back to give his faltering club
more offensive power.
I'VE have the best material
we've had In Washington in
years." Marshall told the At
lanta Journal in a telephone in
terview yesterday. sour defense
gets stronger every week, but
our offense isn't moving. And
1t can't score any points"
Because of the pending league
draft scheduled for December
l26, Marshall refused to discuss
his teams plans for the draft.
1T would be sort of foolhardy
revealing our intention" he
added. Let me put it this way.
Just say that a person high up
IN the National Football League
firmly believes that Tarkenton
will be picked in the first round.
possibly in the first five selec-
tons. I think there is little
doubt that he is one of the three
top passers In the South, and
quite possibly in the country"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-28
DisputeCauses
4Major Tracks
Toleave IRA

NEW YORK, Nov. 20 AP).-
-Four major tracks resigned
from the Thoroughbred Racing
Associations today over o dis
pute stretching back two years
The IRA, in q brief state.
ment. said 1t had received and
accepted the designations oil
Gene Mort, representing Gar
den State and Hialeah Parks;
Mrs. Marjorie Lindheimel
Everett, representing Washing
ton and Arlington Parks, and
Hubert Howard Of Balmoral.
Balmoral is q racing associa.
ton that. does not own a track
but conducts It's race meetingl
at Washington Park In Chicago
IRA directors. announcing
the designations after Q meet
ing here today. said:
I'm accepting these resigna.
tons. we regret that the track.
will not continue to work with
us In our national program fol
the betterment Of thoroughbred
racing"
The dispute goes back to 1851
when Mort and Ben Lindheimer
late father Of Mrs. Everett
asked for more separation ol
control between the IRA ane
racing's policy agency. thu
Thoroughbred Racing Protec.
tive Bureau.
They noted that Spencer
Drayton. president of the
TRPB, also, as executive secre.
Itary, was a high official Of the
IRA. After q committee con.
sidered the request, the IRA
board Of directors decided thai
Drayton would remain in bott
posts.
Recently. Drayton-still pres.
ident Of the TRPB-was pro-
NOTED to executive vice presi.
dent of the IRA. The IRA
gave Drayton another vote o.
confidence in its statement to.
day, urging that "his associa.
ton with the IRA will continue
for many years."
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-28

Park. Kelso won the mile-and-
five-eighths Lawrence Reali-
cation In a 41a-length romp
over Tompion. His time of
2:40A equalled Man O. Wars
1920 world record. and the mark
could have been broken had
Jockey Eddie Arcaro not eased
Kelso near the finish.
Kelso didn't start his 1860
campaign until June % because
Of stifle trouble. and his only
loss came in the Arlington
Classic won by T.. v. Lark.
Trainer Carl Hanford said
Kelso got a poor start and was
in repeated trouble.
HeIwas unbeatable from then
on winning the choice stakes at
Monmouth Park, the Jerome
and Discovery. Handicap at
Aqueduct. and the Lawrence
Realization. Then he was sent
back to Chicago. where he won
the 100000 Hawthorne Gold
Cup, his final start of the year
Kelso has been sent to Calf
ornia, where he will point for
the 100000 Santa Anita Ma
turity, exclusively for 4-year-
Odds. January 20.
Kelso was named by Mrs
Du Point, who races in the
name of the Bohemia Stable
for a friend. Mrs. Charles
Kelso Everett. J
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-28
GOLD CUP VICTORY cLINCHER
IRA Board Selects
KeIso as No. | Horse

NEW YORK. Nov. 20 (AP).-
The Thoroughbred Racing AS
sociation's Board of Selection
today named Kelso the Amer
lean champion and best 3-year-
old of. 1850. The spectacular
gelding. owned by MRS. Richard
du Pont Of Chesapeake City,
Md. succeeds Sword Dancer,
1859 horse Of the year.
Mrs. du Pont and owners Of
other divisional champions to
be chosen by the IRA board
will receive awards at o dinner
concluding the ti9th annual
meeting of the Thoroughbred
Racing Associations in New
York Thursday night.
Kelso. o son Of Your Host
Maid Of Flight, by Count Fleet,
won eight Of his nine races this
season--his last six stakes in q
row.
The clincher was Kelso's 3k-
length victory October 90 In
the 2-mile, 800, 900 Jockey
Club Gold Cup at Aqueduct. In
winning, Kelso humbled his
leading rival for championship
honors. Bald Eagle. Kelso's
time of 3:l93s clipped q full
second from the American rec
ord set by Nashua in winning
the 1855 Gold Cup.
In September at Belmont
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-28
COLLEGES
Continued From Page Al

Continued From Page ALT
a 1877 defeat at the hands of
Baylor.
Alabama was tapped to OPP
pose Texas in the Bluebonnet
Bowl in Houston December IL
right after the Crimson Tide
edged Auburn. 80, on Tommy
Brokers field goal.
The Sun Bowl tapped New
Mexico State, one of the two
major teams in the country to
wind up unbeaten and united
The Aggies defeated Texas
Western, 27-15, in their final
game. Yale was the only other
major school to get through
its schedule unsullied.
With the talent spread SO
thin over the eight major bowls,
the proposed Gotham Bowl in
New York, scheduled for De-
cember 10, probably will be
called off.
The big one Saturday was the
Army-Navy game. In other
action. Notre Dame broke an
eight-game losing streak by
downing Southern California
ITO, but the Virginia losing
skein went on. The Cavaliers
took it on the chin from North
Carolina, 1913. for their 9th
straight loss.
Oklahoma finished a miser.
able season (the first time ir
IL years the Sooners haven't
been champions Of the Biz
Eight by defeating Oklahoma
| State. 17-6. In a major upset
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-28
White Sox Sell
Brown to Braves

MILWAUKEE,, Nov. 28 (AP)
The Braves, who had trimmed
a man from their roster in APP
parent preparation for the
player draft, filled it UP again
today with the outright pur-
chase of Catcher Dick Brown
from the White Sox.
General Manager John Nc
Hale announced the 25-year-
old Browns acquisition a few
hours after Outfielder Eddie
Haas had been assigned to the
Braves Louisville farm.
Brown, q 6-foot-3, 190-
FOUNDER who bats right, split
the 1860 season between Miami
of the International League
where he hit 10 home runs and
drove in 40 runs while batting
.243 in SO games-and Chicago,
where he hit three homers while
appearing in 16 games.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-28
Knicks Double Production
With Two Straight Wins

from propelling the Warriors to
a 1l3-l06 victory. Chamberlain
scored Il points.
The Warriors. who moved to
within q half game of Boston,
the Eastern Division leader, got
o clutch basket from Guy
Rodgers with two minutes re-
naming after Los Angeles had
closed q l0-point gap to q single
point.
jim .Krebs had Is points for
the Lakers. Elgin Baylor. the
Los Angeles ace, had "a.
Their triumphs wound up
successful week ends for the
Knicks and Warriors. New
York beat Detroit, l27-119. and
Philadelphia trounced Cincin-
natl. l3S-10S. Saturday. In
other Saturday games, st.
Louis beat Los Angeles. 1885,
113. and Boston walloped
Syracuse, 129-l10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-28
Jucono Gets Awards
At Aquosco Druqs

Joe Jacono of Chester, Pa,
returned to the Aquasco
Speedway drag races yesterday
after a three-month absence
and won the top speed and top
eliminator trophies with i'm
preSsive figures.
Jacono's Buick dragster
reached las miles per hour in
completing the quarter-mile
in 90 seconds. Harold Ramsey
of Wilmington, DEL. won the
stock eliminator award in his
1860 Pontiac with figures OF
1903 and 1877.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-11-28
Druyton Wants to Abolish
All Multiple Racing Pools

thoroughbred racing-or will it
reduce Americas top spectator
sport to the low level Of the
numbers game"
He warned officials of the
tracks Of a possible decline in
attendance and wagering.
The Internal Revenue Service
recently issued instructions
that bettors at race tracks
must show proper identifica-
ton before collecting on pool
betting winnings in excess of
5000. This affected the various
multiple pool type wagering, as
well as the daily double. The
order was given so as to force
reports in making up income
tax forms.
This lottery style Of wager
ing Is basically and fundament-
ally bad for our sport and ]
strongly urge the adoption Of
an amendment to our code of
standards outlawing it," Dray-
ton said.