davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-05-17
THE ABC OF MUTUALS
Advice Fee Is Issue
In MutuoI Fund Plans

does an advisory firm deter
mine what part Of its income
is for investment advice?
Another: How does a COM
.pany determine what amounts
can be allocated to each fund?
The SEC is trying to stop
the practice of selling the ad-
visory contract on the open
market.
BuiIt-In Safeguards
1t is common to find inter-
locking relationships between
the fund and the advisory COM
pany. However, the 1910 In
vestment Company Act has
some built-in safeguards. They
include these:
No more than so per cent
of a mutual fund board may
be officers or directors of an
investment advisory company
or advisers Of the fund itself.
A majority Of the mutual
fund board may not be under
writers of the company or
affiliated or regular brokers OF
the fund or investment bankers
Any contract with an invest
ment adviser or underwater
must be approved by a ma
jority of the fund board OF
directors-a majority Of those
who are not party to the con-
tract. The objective is to bar
special benefits for individuals
or investors.
The SEC, spurred by sales oi
shares in advisory companies
tried to block the sale of ar
advisory contract. The case
went to court, but a California
tribunal ruled the sale lega'
about two and a half years
ago and the United States
Evening star., 1960-05-17
PEOPLE
IN
BUSINESS

James w. Grant. 61o5 North
Twenty third street, Arlington.
Va. has been reelected secre-
tary of the Credit Union Ma
tional Association at its con-
vention in Madison, Wis. He
is assistant treasurer and man
ager of the Justice Department
Federal Credit Union.
Edward w. Adams, who has
been connected with the real
estate and contracting business
for the last 18 years, has been
appointed secretary treasurer
and sales manager of the
brokerage office of Rutherford
g. Shulley, Inc. 5000 Fenton
street. Silver Spring, Md.
harrington Manufacturing
Co., parent company Of INTEL
ligent Machines REESE h
Corp, Alexandria, Va. has &C
quired the assets and business
of Minitron, Inc, Encinitas
(Calif0 printed circuits maker
Security Home Mortgage
Corp. has opened ofnces in the
Perpetual Building, $50 Geor.
gia avenue, Silver Spring, Md
Thomas E. ZetkOv has beer
elected president Of Leonard
Davis Associates, Inc. and Ad'
ministrative Data Processing
Inc. and their affiliated com.
panies, Leonard Davis & Co
and Retirement Plans, Inc.
New York.
Evening star., 1960-05-17

unions have opposed sue h
plans. but declared that work.
erS on the local level are US
ually receptive to proflt-shar-
ing proposals.
Group Formed In al
The non-profit council which
he heads was formed in 1947
to extend such programs "in
every practical way" Its mem
bers include such titans of
American industry as Proctor
g. Gamble. Sears Roebuck and
Co., Standard Oil of California
and Pitney-Bowes, Inc.
Although profit sharing
plans date back in some forms
to the 18th century, Admiral
Burroughs said they gained
new impetus from the Revenue
Act of 1912. 1t provided for
capital gains taxation. rather
than income taxes, on deferred
payment profit-sharing plans
Based On Trust
"Solidly based upon mutual
trust and confidence" the on
cial declared, profit sharing
was thus permitted to bring q
philosophy to American enter
prise which has proved to be q
new way Of business and indus.
trial life. It has fostered har.
monious working condition!
and has largely avoided thu
acrimonious strife of difference
and conflict so prevalent il
our industrial scene"
Admiral Burroughs, former
commander of the Great Lakes
(Ill0 Naval Training Center
concluded that profit-sharinl
has permitted the owners O.
the tools and users of them II
work together as partners with
a common purpose-to produc'
the best product and service
at the lowest cost"
This, he said, has resultet
in benefit to the consumer
and has added strength to tn
free enterprise system"
Evening star., 1960-05-17
OVER COUNTER

Washington listings on over-the-
counter markets furnished by the Ma
tional Association of Securities Dealers
as Of l pm. Tuesday, May IL:
Evening star., 1960-05-17
FOREIGN EXCH'GE

NEW YORK, May II (APl.-Foreign
exchange rates (Great Britain and
australia in dollars, others in cents
ana dectmals Of cent?:
Today Prev. Day
Evening star., 1960-05-17
Profit-Shoring Called
Defense Against Strife
By WILLIAM MacDOUGALL
star stan Writer


Profit-sharing is the best de-
fense against labor-manage-
ment strife, an international
specialist in the field declared
today.
Rear Admiral Albert C. Bur-
roughs. USN (retired, presi-
dent of the Council of Profit
Sharing Industries. said he sees
no other way ito keep a COM
pany and its employees mutually
happy about production. profit
and products.
"Employes know they will do
well If a company does well
under profit-sharins plan"
he said.
The Chicagoan discussed the
matter here after his testimony
before the Senate Finance
Committee. He appeared to
protest a provision of House
Resolution 10-dealing with
pension plans for the self
employed-which he said would
impinge on profit-sharing laws.
Plan Growing Fast
Admiral Burroughs declared
that profit sharing method
by which all regular employees
receive a share of company
profits in addition to wages-is
fast increasing in popularity.
About $4,000 firms, he said,
shared $500 million to 5000 mil
lion with some two million en-
ployes in 1859. According to
the council, that figure included
q net increase in one year of
3,l96 firms participating in de-
ferred proft-sharing Ian.
The reason for such growth
Is clear, he said. In a time
Of both increasing costs and
competition, many Arms have
found that profit-sharing in
creaseS output by providing
new incentive to employees.
1T also promotes a spirit of
achievement within a COM
pany," Admiral Burroughs said.
One Company's Case
He cited the example Of the
American Velvet Co., a Con-
necticut textile firm. In 1899,
after a bitter 16-month strike,
that company's weaverS re-
turned to work under provi-
sions of a proflt-sharing plan,
1t proved so successful, Ad-
miral Burroughs said that the
company has been able to pros
per and expand despite South
ern and foreign competition
through the cooperative ef-
forts of labor and management
Employees learn to police
themselves and to spur the
efforts of less productive work
ers," he said. They gain 9
new economic awareness help
full to both Sides"
He admitted that some labor
Evening star., 1960-05-17

Supreme Court denied an
appeal.
The Senate Banking and
Currency Committee is eX-
pected soon to act on legisla-
ton that would affect open
end mutual funds by restrict
ing their ability to Jump
around from one security to
another. Investment COM
panies opposed the bill, feel
ing it would restrict their man
agement and "second-guesS"
the operations.
The bill would require a
registered investment company
Evening star., 1960-05-17
TREASURY BONDS

NEW YORK. May IS (AP).-Yester-
days closing over the counter United
States Government Treasury bonds, bid,
RhanNa nd
Evening star., 1960-05-17
BUSINESS
BRIEFS

NAFI Corp. signed q con-
tract to acquire Television Sta
tion KFJZ-TV of Fort Worth
Dallas from Texas State Net
work, Inc. The transaction is
subject to Federal Communi-
cations Commission approval.
Am. ThermOS Products Co.
and King-Seeley Corp. an
nounced that they are study
ing plans for a merger.
United States Foil Co. an
nounced a tentative settlement
had been reached in the suit
of a large stockholder against
United States Foil, Reynolds
Metals Co. and others.
Armstrong Rubber Co. has
switched its common stock
listing to the New York Stock
Exchange from the American
Stock Exchange.
Earnings
Am. & Frgn. Pwr. Co. in yeai
ended December 81 earned
$9,533, 900 or $1.30 a share, VS.
$14,076,000 or $1.93 in 1858
NOranda Mines, Ltd, in 8
months ended March 81 earned
50, ,942, 900 or 66 cents a share
VS.. $2.575,000 or 81 cents in
1859 period.
Coast. States Gas Prod. ir
g months ended March 81
earned $2.054,464 or $1.06 q
share VS.. $1,218,4sS or So cents
in 1859 period.
Intl. Mining Corp. in veal
ended January 81 had a los!
of $2,595,034 VS.. a loss o.
$1,924,997 in 1859.
Std. Fruit & Steamship in /,
weeks ended March 26 had
loss Of $1,248, 900 VS.. a loss o
$69e 900 in 1859 period.
Flying Tiger Line, Inc. in
months ended March 81 had
loss of 1928, ,688 VS.. earnings o
$1.275,6l4 or SLIT in 1876
period.
Parker Pen Co. in yea
ended February 90 earnel
$547,776 or so cents a share VI
$476,792 or So cents in 1859.
National Can Corp. in
months ended March 81 had
loss of $476.889 VS.. a loss G
$673,343 in 1859 period.
Pet Milk Co. in 3 month
; ended March 81 earned 1868
TIT or 80 cents q share VI
$318,530 or 26 cents in 195
period.
Disney Productions in 2
weeks ended April 2 had a los
Of 500, ABS VS.. earnings of $906
4S5 or 81 cents in 1859 periot
Evening star., 1960-05-17
SEC Wanted More Data
METAL PRICES

NEW YORK, May II (AP). - Spot
nonferrous metal prices today: Copper
Lead IL cents q pound. New York
Zinc 13 cents q pound, East St. Louis
Tin e9h cents pound. New York
FOREIGN silver p13S cents per troy
ounce. New York. Pittsburgh scraI
steel No. l heavy was quoted by Irof
Age at 34.00-35. 90.
Evening star., 1960-05-17

seconds.
T-Partially tax exempt.
Evening star., 1960-05-17

to state its policy, including
the stocks in which it invested,
with permission to reserve the
right to change and the extent
Of the change. All this would
have to be spelled out.
Tomorrow: On 6uord Against Abuses
Arizona tribune., 1960-02-12
Speaking Of
PUBLIC SAFETY
"Wbere there is no vision
the people berisb".
Highway to Happiness .
Or Horror?

CLEVELAND, OHIO, - Happy-go-
lucky Americans who pay their
increased gasoline taxes without
a whimper, certain they are re-
ceiving miles of model roadways
in return, may be only half right.
The new system of Interstate
highways, as it is set up today, is
a delight in the daytime and a di-
lemma in the dark.
Lighting critical areas can
change the picture entirely and
give Mr.. and Mrs. U.S.A. what
they're paying for, 24-hour
safe, easy-to-drive, highway.
If the law in your state leaves
lighting to the discretion of an in
dividual or group of individuals,
and does not clearly order that
one per cent of the cost of the
highway be allocated to lighting,
you may be left in the dark.
The economy of including light
ing in the original highway plans
is sound. Installing a complete
lighting system after the road is
in, costs two to three times more.
Lighting the 10 danger areas of
the Al 900 mile network will only
add from 10 to 20 cents per year,
per motorist, to the 5000 per year
each motorist will pay for the
roads alone.
Without lighting the highway
danger spots, our millions of tax
dollars will be spent on roads
that are obsolete before the dedi-
cation ribbons are cut.
Arizona tribune., 1960-02-12

Phoenix CINE Churches
E.
Garrett, M S.
1bune
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-01
Program Listings
100

100
4-Motinee Four. Movie.
Hour. Secret Venture" 1857.
Kent Toylor.
5-The Big Movie.
IA Hours. Men Against the
Sky" 1910. Richard Dix.
7-About Faces.
9-Theoter of Stars. Drama.
"Modome a." Yvonne De CorIo,
Phil Corey.
1870
Tour Miss Brooks. Comedy.
9-As the World Turns. Ser1.
400
4-Queen for O Doy. GiveoWoy.
7-Doy in Court. Triol.
9-For Better or Worse.
2:25
5-News. Mot Worren
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-01
MONDAY


2:30
4-LorettG Young TheoteF.
Sway Of Life. Dromo.
7-GoIe Storm Show. Comedy.
9-House Porty. Variety.
$500
4-YoUns Dr.. Malone. Dronno.
5-Mr. District Attorney.
7-Beot the Clock. Come.
9-The Millionaire. Drama.
$3.50
4-FFom These Roots. Dronno.
5-DofeIine Europe. Dromo.
Jerome Thor stors.
7-Who Do You Trust? Quiz.
9-The Verdict Is Yours. Triol.
Monday Listinss Cont. on Next PosS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-01
Muy z

1890
4-PIoy Your Huneh. Comes.
7-My Little Morgie. Comedy.
9-0n the Go. TroveI.
1900
4-The Price Is Right. Color.
Hopper. Comedy.
81 Love Lucy. Comedy.
1l:25
5-News.
1I:30
AUGMENTATION. Game.
Slime for Science.
7-People's Choice. Comedy.
9-DeeembeF Bride. Comedy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-05-01
AFTERNOON

1900
4-Truth or Consequences.
5-Romper Room. Kids.
Hour. Connie Bohlin, teacher.
7-RestIess Gun. Western.
Glove of Life. Serial.
1870
Alt Could Be You. Color.
7-LoVe Thot Bob. Comedy.
9-Seoreh for Tomorrow. Ser1.
I2:45
9-Guidine Light. Serial.
Evening star., 1960-07-07
Compocts Lead
NewCur Sales

DETROIT, July z (AP). -
Compact cars lead the way as
Rambler Chevrolet and Ply
mouth-Valiant reported that
their auto sales scared to new
marks during the first half of
1860.
American Motors Corp. said
its compact r m bier sales
were 48,474 in June against
43.556 in June, 1859, and A.
256 in the previous record
month of April, 1860.
Chevrolet reported its pas
senger car sales for June were
l90.2l5 and 944.l07 for the
first six months Of 1860. 1t
said compact Corvair sales
were 22,199 in June and 114,-
203 for the six month period.
Chrysler Corp. said its COM
bined Plymouth and Valiant
sales for the first six months of
1860 were 246.052 "or an 18 per
cent increase in sales over the
first six months last year"
Evening star., 1960-07-07
Stock Prices Higher,
Most Advances SmoII

marks about the economy OF
the heightening tension with
Cuba.
Moderately higher were
steels, rails, oils. utilities, air.
crafts. drugs, and nonferrous
metals.
Electronics were irregular,
as were tobaccos and building
materials.
American Stock Exchange
prices we're generally higher in
fairly active trading.
Corporate bonds were higher,
Government issues advanced.
Evening star., 1960-07-07

( Hourly Sales on the Exchange
| II 100 am. 500 900 Noon ll2o ooc
loo pm. 1 700 600 200 pm o3o ooc
Rates of dividends are annual pay.
ments based on the last quarterly or
semi-annual 'claT alton. Unless other
wise noted, special or extra dividcads
are not included
Meaning of symbols in New York and
| American Stock Exchanges:
unit of trading 10 shares OF sales in
full, s-AlsO extra or extras. ban.
nual rate plus stock dividend. d-De-
clared or paid in 1859 plus stock dividend
e-Decared or Maid so far this year.
Playable in stock during 1859. esti.
mated cash value on eX-dividend or ex.
distribution date. g-Psid last year
h-Declared or paid after stock dividend
or split up. k-DeclaTed OF paid this
year, an accumulative issue with diVi-
dends in arrears. p-Paid this year.
dividend omitted, deferred or no action
taken at last dividend meeting. r-De.
clared or paid in 1860 plus stock divi.
dend. t-Payable in stock during 1860
estimated cash value. on eX-dividend
or eX distribution date. y-Liquidating
dividend. cld-l allied x-Ex dividend
x-dis-EX distribution. xr-Ex rights.
rants. wd-Mhen distributed wi-Mhen
issued. nd-Next day delivery. GIN
bankruptcy or receiN NeTship or being re-
organized under the Bankruptcy Act or
securities assumed by such companies.
Evening star., 1960-07-07
Grand Union
Sets Record

NEW YORK, July 7 (AP) -
Grand Union Co. chalked up
record first quarter profits this
year. President Thomas c. But
Ter reported yesterday.
Earnings totaled $1,866, Sal
or AZ cents share, for the 13-
weeks ended May %. The East
ern food chain netted $1,845,- :
$50 or AZ cents a share in the
same period of 1859 when few
er shares were outstanding.
Sales fell to $145,864.64O from
sl49,672.822.
Evening star., 1960-07-07
Musical Sales Climb

ELKHART, Ind. - Sales of
musical instruments this year
are expected to total a record
$500, 100000 compared with the
previous high of $43S,400,000
two years ago. The increase is
attributed to a rising partici-
patton by amateurs in musical
endeavorS.
Evening star., 1960-07-07
18 States Now Have
OWN F. {. P. Lows

CHICAGO.-Eighteen States
now have Fair Employment
Practice Acts on their law books,
says Commerce Clearing House.
national reporting authority on
tax and business law.
These FEP laws generally
forbid an employer, employment
agency, or union to practice
discrimination against individ-
uals because of their race,
creed, color, national origin, or
ancestry in hiring, diScharging,
promoting, or demoting en-
pIoyes, and in matttrs of COM
penSatiOn.
Evening star., 1960-07-07

NEW YORK, July 7 (AP).-
The stock market moved higher
into fairly active trading early
this afternoon. Key stocks ad-
vanced fractions to about a
point.
Some of the electronics,
vending, and recreational
stocks which have undergone
sharp profit-taking met re-
newed demand and won back
part of their losses.
Brokers saw the action as
a technical rebound, putting
little weight on President
Eisenhower's reassuring re-
Evening star., 1960-07-07
N. Y. COTTON

NEW YORK, July Z CAPD.-Cotton
fuures were steady in quiet dealings
today.
Most Of the buying was credited to
commission houses which found offer
inss light.
Traders we're generally on the side
lines awaiting the governments cotton
acreage report to be issued tomor-
row Recent private surveys point to
cotton paintings of about 16,300, ,00O
acres for 1860 compared with l5,S16.-
600 acres planted in 1859.
There we're no July delivery no.
tices issued at New York.
Late afternoon prices were te
10 cents a bale higher than the previ-
Gus close. July 80 9S. October 81 .O7
and December 31l9.
Evening star., 1960-07-07
NJ. Y. PRODUCE

NEW YORK, July Z CAP) CUsDA -
Butter offerings ample Demand dis.
appointing. Prices UNCHANGED.
Cheese steady Prices UNCHANGED
Wholesale esq offerinss irregularly
distributed. Demand improved in in
stances today.
New York spot quotations follow:
Midwester-Mixed colors, extras (4s.
81 lbs J. 3Ila-33: extras. medium,
2s-29: standards. large. 29ia -3OiR
checks, 2S-@q Whites. extras (4s-50
lbs), 81 y a-33lz extras, medium, 30
81, Browns, extras (4S-50 lbs }.
34ia-35la.
Evening star., 1960-07-07
CHICAGO GRAIN

CHICAGO. July : CAPr-Grain fu-
lures trade was slow and at mostly
weak prices again today although il
showed a little more resistance TO SELL
ing pressure.
Wheat and oats were down major
fractions to cent at times while
other grains we're slightly easier to
mixed in the early afternoon.
Dealers said hedge selling was in
somewhat larger volume against a
light to moderate demand,
At noon wheat was h-l cent q
bushel lower, July S1.S2!; corn h-i2
lower July Sl,17as; oats I9-l cent
lower, July 70ls; rye "a higher to "a
lower, July Sl.l17s; soybeans h4-Ss
lower, July S2.l1i7.
Chicago Cash Markets
No wheat or corn sales. Oats No.
2 extra heavy white 1914 Soybesns
No. > yellow 2.l5i.. Barley: Mailing
choice 1.15-l.25n; feed S5-l.02n
Evening star., 1960-07-07

. Indoor parking garage.
. Yeor round dir
conditioning and heat
control.
. Our architects will
help design your
office.
. Heated sidewoIks.
Evening star., 1960-07-07
TOBACCO MARKETS

UPPER MARLBORO. Md, July 9
tAF1 (uSDA).-The Southern Mary
land tobacco markets reopened yes
terday after being closed since FRIDAY
sales were fairly heavy. Some
warehouses were full. Prices were
lover Tor most tips, seconds and non
1eseript .grades. Thin crop offerings
continued In good demand, reports the
Federal-State Market News Service.
Growers sold larger proportion OF
neaYy crop and less thin crop.
seasons sales on the auction markets
through July totaled 22,55g,92O net
pounds and averaged SOL 80 a hundred
auction bid averages per hundred
pounds on limited number Of rep
resentatiye U. s. grades were as
Evening star., 1960-07-07
NEW YORK STOCK EXCHANGE QUOTATIONS

Furnished by the Associates Press
Stocks Sales
and zoos Net
Dividends lestD High Low 2:20 che
Evening star., 1960-07-07
METAL PRICES

NEW YORK. July Z tAPl Spot
nonferrouS metal prices today copper
Lead 1" cents pound New York
Zine - cents a pound East St. Louis
Tin Sl.u"94 pound, New York
ForeiEn silver g19s cents per troy
ounce New York PittSburGh Scran
steel No heavy was quoted by Iron
ARe at 3O.OO-3l 90.
Evening star., 1960-07-07

Wdwd 4 Lothrop pf 80
x-Ex dividend. b-Plus stock div
dend. PLUS extra or extras. a-D
clared or paid so far this year.
Evening star., 1960-07-07
ODD-LOT TRADING

NEW YORK. July tAPl The
New York Stock EXCHANGE reported
today these odd lot transactions By
principal dealers for July g: purchases
OF 3Rn433 shares. sales Of 352 -
shares including SIS shares sold
short
Evening star., 1960-07-07
UNITED STATES TREASURY POSITION

BY the Associated Press
Evening star., 1960-07-07
D. c. SECURITIES

Sales-Pot Elee Pwr-35 at 2s94, 100
at 2Sss.
Wash Gas Lt-75 at 5lhs, so at 51fs.
Evening star., 1960-12-22
Pucifists Indicted
In Sub Protest

HARTFORD. Conn.,, Dec. %
(AP). - Eight young pacifsts
who attempted to interfere
with the launching Of, the nu-
clear submarine Ethan Allen
have been indicted by o Fed
eral grand jury.
They are ordered to appear
in United States District Court
in New Haven soIne time after
the frst Of the year to enter
their pleas.
The indictments were re-
turned by the jury yesterday.
All Of the professors are mem
bers Of the COMMITTEES. for
Non-Violent Action, q group
campaigning for nuclear dis
armament.
A ninth pacifist; Madeline
Gins, 10. Of Island Park, N. Y,
the only girl. was told the
Government did not plan to
press charges against her be-
cause she has quit the pacif1st
group and has not been m
volyed in any other demon.
strations.
All nine appeared at Groton
November % for the launching
Of the Polaris missile subma.
rine. Seven were arrested In
two small boats before the
launching. Two others sue
ceeded in scrambling aboard
the hun after the launching.
AL eight men are charged
with entering Q restricted area
and knowingly ohstructing and
interfering with the Ethan Al
lens launching.
Evening star., 1960-12-22

tiring as o lieutenant colonel
In 1940 after four years Of
service In public safety and
security assignments that took
him to Europe and Japan. He
later served with the Allied
Military Government in Berlin.
Native Of Kansas
He was superintendent Of
security for the Port Of New
York Authority from 1851 to
1854 before coming to .IACP as
trafilc division director.
A,native Of Kansas, Mr.. Ash
worth attended Friends Uni
versity at Wichita.
Mr., Ashworth leaves his wife,
Mabel, of the home address.
3258 Aberfoyle place NV. and
two daughters, Mrs. Patricia
Dobbs, Of Costa Mesa, Calf,
and Mrs. Judith Ann Law, Of
Linesville, Pa. and two grand
children.
Funeral arrangements are
being handled by Joseph Cav
ler's Sons.
Evening star., 1960-12-22
Admiral GiIImor;, oo, I
In Navy 46 Yeors, Dies

Rear Admiral Horatio q.
Gillmor. 90. USN retired, the
last surviving member Of the
Naval Academy class Of 1891.
died yesterday ct Bethesda
Naval Hospital Of cancer.
Admiral Gillmor would have
celebrated his 9lst birthday
January z.
His active career spanned 40
years. He FIRST retired from
active duty In 1884. then was
recalled during World War II
and served for three more
: years.
Admiral Gillmor was Q native
Of Menominee. Wis. One Of
the top men In his class. he
followed his graduation from
Annapolis with Q post graduate
course In naval architecture
at the Royal Naval College in
Greenwich. Eng.
He was Q member Of the
Navy Construction Corps, which
was made up Of naval archi-
tects who designed. built and
tested ships for commission by
the Navy.
Admiral Gillmor also invented
Evening star., 1960-12-22
Frunk J. Lewis,
Finuncier and
PhiIunthropist

CHICAGO. Dec. 20 tAP) -
Frank J. Lewis, %. financier
and Philanthropist, died yes
terday In his winter home at
Palm Beach, Fla.
Mr.. Lewis gave millions Of
dollars to Chicago medical and
educational institutions.
His philanthropies included
giving Loyola University its IT.
story downtown Chicago school,
Lewis Towers establishing a
81 million endowment fund at
the Stritch University School
Of Medicine, donating 81 mil
lion to found the Lewis Me-
mortal Maternity Hospital, and
donating. DePaul University's
18-story building in Chicago's
business district. He also es-
tablished Lewis College in
Lockport. III.
Mr.. Lewis was born In Chi
cago April 9, 1857. the son Of
immigrant Irish parents. and
was earning his own living be-
fore he was 20. He built the r. J.
Lewis Manufacturing Co.. q
tar products concern, almost
single handed. He was . former
chairman Of the Federal Re.
serve Bank Of Chicago.