davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-03-25
TiIson Winner
OF Alb Contest
For Fourth Yeur

Donald E. Tillson Of Riggs
National Bank won the annual
public speaking contest u
Washington Chapter, American
Institute Of Banking last night
for the fourth year in a row.
Mr.. Tillson will represent the
chapter in a regional Alb con-
test at Wilmington, Del, Apri
%. He won the regional last
year, went to the national con-
test at Philadelphia and was
among the six f1naliSts.
He is assistant director OF
public relations at Riggs Ma
tional. He started his banking
career there in 1946 after serv-
ice with the Navy in World Wal
II. He has been active in the
ALB and is a member Of the
chapter board Of trustees.
Other speakers in the chap
ter contest were: Roger Hutche-
son, American Security g. Trust
who placed second; Charles B
Boiling, also American Security;
Alan Campbell. National Saw
ings & Trust, and Jack Smith,
Union Trust Co.
Their subject was THE Banker
and Community Affairs.
Judge John Lewis Smith, jr.
chief Judge of the District
Courts; Louis j. Frana, speech
instructor at the University Of
Maryland. and William w
Hohein Of Clarendon Trust Co.,
judged the contest.
Evening star., 1960-03-25
Grope g Co., Set to Close, Recalls
TrujiIIo's $4,000 Gem Purchase

"But never judge by the
clothes" he warns.
Mrs. Lillian Guyer Timken,
the roller bearing heiress who
died last october and willed
her art collection to the Ma
tional Gallery and the Metro
politan Museum. used to buy
jewelry from Mr.. Runk in
New York.
"She always wore cotton
stockings and rundown shoes, -
he says. "and her husband
wore a hat and coat that were
green with age"
Substitution Case
The attire of a customer
can be a danger in another
way. A few years back, an at
tractive young woman in 9
low-cut dress strolled into
Grape & Co. just before clos
ing time and asked to see some
diamond rings. The clerk or
duty. a woman. was not dis
tracted by the costume, but
her attention was diverted fol
q split second by a passerby
That was all the customer
needed.
The next morning" Mr.
Runk says sadly, "the rhine.
Evening star., 1960-03-25
Credit Pool
In Operation

Operations Of the $l.8 mil
lion credit pool Of the District
Savings and Loan League are
getting underway with Is TO
20 loan applications already
received.
William H. Dyer, executive
vice president Of Perpetual !
Building Association, who is
chairman Of the funds Admin
istration Committee, reported
on progress UP to March 10
in a recent address at Bal Har-
bour, Fla. He said three ap-
plications have been approved,
three have been rejected and
the remainder are being con-
sidered. r
He said initial experience of
the fund indicated a need for
a District regulation requiring
inspection Of a property when
1t is transferred. This would
protect the buyer from pur-
chasing something which does
not meet District code regula-
tions.
He also advocated some form
Of control over the fly-by-night
type Of home improvement
contractor.
Evening star., 1960-03-25
ICC to Probe
Revenue Needs
Of New Haven
By the Associated Press

The Interstate Commerce
Commission today announced
a broad investigation into the
revenue needs of the New York
New Haven g. Hartford Rail.
road Co.
The action involves expan-
sion OF an inquiry already un-
der way into the reasonableness
Of the 10 per cent interstate
commuter fare increase, and
adjustments in one-way fares
which ICC allowed the New
Haven to make.
Similar approval for the
same increases in intrastatf
fares was given by the New
York and Connecticut Public
Service Commissions, and q
general advance in the pas
senger fares became effective
the first week Of February.
The company estimated these
increases would yield about $1.S
million a year additional rev.
enue as a start toward elm.
mating an annual deficit oi
about $8.4 million on passenger
service.
1t was learned that Commits
sioner Charles A. Webb has
been assigned to conduct the
revenue investigation. This will
involve public hearings in New
Haven, Conn.
Evening star., 1960-03-25
Weather Spurs
Easter Buyinu

NEW YORK, Mar. Is (AP)
Better weather stimulated
Easter buying in the week
ended Wednesday, Dun a.
Bradstreet, Inc. reported to-
day.
Volume was up noticeably
from the previous week but
was down ! to 5 per cent from
a year ago. which was the
Palm Sunday week.
Sales Of new passenger cars
increased moderately from a
week earlier and were UP ap-
preciably from last year.
Purchases of women's ap-
parel, particularly sportswear
and spring dresses, showed a
good gain. There were moderate
increases in coats, suits and
fashion accessories.
Buying of mems suits and
furnishings exceeded the pre-
vious week but purchases were
down substantially from a year
ago.
Furniture sales were down
from last year.
There was a sizable increase
over the previous week in buy
ing food products.
Evening star., 1960-03-25

their posts on the sidewalk and
barred the door to all corners.
Diamonds" said the ambas-
sador. and William N. Runk,
the stores general manager,
hauled out tray. Gen TrujilIo,
muttering to the ambassador
in Spanish, pointed to first one
piece Of jewelry and then an
lother.
THAT one and that one and
that one and that one" said
the ambassador. Have them
cleaned and wrapped. I will
come in tomorrow and pay for
them"
And he did-$26.000 in cash.
That was the biggest sale in
the 16-year history of Grape &
Co., which is going out of busi-
ness Tuesday.
$17,SOO Ring Sold Itself
The biggest sale Of q single
item was closed almost as swift
ly as the whirlwind Trujillo
transaction, says Mr.. Runk, who
has been with the firm II years.
ut was three months after
I started here" he recalls. "a
salesman came in and opened
his case. and ! spotted q beau
tiful emerald-cut diamond, a
mans ring"
Evening star., 1960-03-25
GNP Increase
Seen Delaying
Any Recession
~ the AsnocIatad Pre.a

The next recession won't
come before 1861 at the ear
liest. Government economists
predicted today.
Oficials reported privately
that national output-gross ma
tional product (GNP)-in this
quarter has reached the rate Of
about $500 billion q year, the
largest gain in any quarter
since 1850.
This was an advance esti-
mate Of the actual figure, but
officials said the preliminary
studies indicate the final re-
port won't be far Of the half
trillion dollar mark, one way
or the other.
This would represent an ad-
vance Of roughly $16.5 billion
since the last quarter Of 1859,
when the economy was still be-
set by the steel strike and its
after effects. The gain, larg-
est since the outbreak Of the
Korean War. was accomplished
without price imitation and in
the face Of a February slow
down in steel and auto produc-
ton.
Much Of the flrst-quarter
gain was attributed to in
dustry's race to replace inven.
tories depleted during the u.s.
day steel shutdown which
ended in November. This in
ventory replacement took less
time than was expected and q
slower rate Of accumulation is
expected from now on.
Nevertheless, continued grad
ual production gains through
the year were foreseen by Gov
ernment experts interviewed
privately. They did not share
the uncertainty in financial
circles which has been re-
flected in recent stock market
slumps and a rapid easing OF
credit.
Evening star., 1960-03-25
PEOPLE
BUSINESS

Clyde d. Harrison, agent for
Guardian Life Insurance Co.
here. was honored by his asso-
ciates at luncheon yesterday on
his 35th anniversary with the
company. He has been with the
Washington agency since 1925.
c. William Davis Of Arling-
ton, Va, has been elected
president Of the Southern Coal
Producers Association, with
Offices here.
James E. Barrett, resident
vice president for Mutual Of
Omaha here. has been elected
q director Of a subsidiary. CON-
panion Life Insurance Co. E
William NJ. Wilson, jr., OF
Vienna, Va, has Joined the stan
of the Fairfax County National
Bank. He attended the Uni
versity Of Virginia and formerly
was with American Finance.
Raymond s. Stewart of
Washington has been named
Government liaison engineer
for Texas instruments, Inc,
with Offices here. t
7. A. Jones has become man.
ager Of the Washington office
OF American Potash g. Chem
ical Corp.
Harold e. Marmaros is resi-
dent manager in the new
Washington ONCE Of Middle
West Service Co., business man.
agement firm.
May Rug Co. has named Al
win Epstein Advertising to han
die advertising and promotion
Evening star., 1960-03-25
Foes of Control
Promise Battle

BALTIMORE (AP).-A group
Of State-chartered saving and
loan associations drew up
plans at a meeting here last
night for their appeal to Gov.
Tawes to veto a 1860 General
Assembly act to regulate their
business.
Gov. Tawes will hold a public
hearing Tuesday on the legis-
lation before deciding whether
to veto it or sign it into law.
The opponents contend the
introduction Of the bill "was
prompted by interests who
stand to gain financially from
legislating competitors out of
business" They said they
would go to court if the Coy
ernor signs the act. 5.
Evening star., 1960-03-25

taking back warrants to pur-
chase stock at some future
time. At present institutions
can get very good rates in
other ways, but this is q field
that viii be explored more
thoroughly. he indicated.
Frank C. Devlin, vice presi-
dent Of Acacia and chairman
of WREB's mortgage and f.
nance committee, was moder-
ator for the panel discussion.
He was introduced by Clarence
Dodge, jr., of Weaver Bros,
president Of WREB.
In an address preceding the
panel Mr.. Nutter declared the
Nation today faces the problem
of finding savings to provide for
sound and necessary growth of
the economy and at the same
time protecting the stability of
the dollar.
I'VE should not try to choose
between them, but rather flnd a
meld to combine both objec-
tives," he said.
He commended the recent
borrowing records of Govern
ment. business and industry and
commended both groups for
their sense Of fiscal RESPONSE
bility, but he expressed deep
concern over the continued
growth Of consumer credit.
Fears Consumer Credit
Noting that consumer credit
on January 81 totaled more
than $51 billion-an increase Of
So billion in the last year and
the largest aggregate on record
l-he termed the situation dan
gerous. but not one that calls
for compulsory controls.
Instead he expressed hope
that both the borrower and the
lender might act more sensibly
If all facts were known. It is
a sad fact that the average bor-
rover pays little attention to
what it costs to buy now and
pay later. he declared.
He quoted estimates that have
been made placing the average
cost Of consumer credit at "at
least is per cent simple interest,
and probably close to 20 per
cent"
In another major address,
Emanuel z. Falk Of Newport
News. Va, president Of the In
stitute Of Real Estate Manage
ment. stressed the important
role Of management depart
ments in generating business
for real estate brokerage de-
partments.
A good management depart
ment keeps the customers COM
ing back and suggests transfers
Of property and ownership to
save taxes. make larger profits
and also earn more commits
sions for the brokerage depart
ment, he said.
Evening star., 1960-03-25
CHICAGO
LIVESTOCK

CHICAGO. Mar. 25 tAP) (UsDA)-
Hogs 4,500; active. uneven, strong tc
steady to 25 higher; good shipping
demand; early clearance: mixed grade
2-3 200-260 10 butchers 1856 is 90;
mixed grade 1-3 and mixed 1-2 and
IS 200-24O lbs 10 00-I6.25; a few lots
Is 200-220 lbs Ib25-l64O: thirty
eight head lot is 2O3 lbs is. so; mixed
grade % and 3s 260-2S0 lbs 1870
1885; weights over $50 lbs scarce;
mixed grade 1-3 330-425 ID sows
O0-14 .15; mixed grade 2-3 425-
Cattle 300: calves none: slaughter
steer supply largely limited to five load
string choice l,3l5-1 1897 ID weights
these sold fully steady at rs so: not
enough heiters on sale to test prices;
so lower; bulls fully so lower; yealers
scarce, about steadg; utility and com.
and cutters l3.0O-l6. so: a few shelly
and light Gamers 10:00-12 so: a few
utility and commercial bulls 20.00-
"A 4.O0-31.00.
Evening star., 1960-03-25
Savings-Loan
Unit FacesNeW
Indictments

NEW YORK, Mar. Is (AP-
Indictments charging a Mary
land savings and loan associa-
ton and its president with
fraud in the sale of securities
have been filed in six counties
In the New York metropolitan
area. State Attorney General
Louis j. Lefkowitz announced
today.
The criminal indictments are
an outgrowth of an investiga-
ton started by Mr.. Lefkowitz'
office last November.
Mr.. Lefkowitz charged at
that time that eight savings
and loan associations in various
parts Of the Nation jeopardized
500 million in investments by
insuring the money with a Tan
gier. Morocco, firm which Mr..
Lefkowitz said was nearly in
solvent.
The indictments name the
Commercial Savings & Loan
Association of Baltimore and
its president. Robert r. Such
man. The firm has operated
branches in Silver Spring and
Bethesda, Md.
The court papers were filed
in State Supreme Court
branches in three New York
City counties - New York
(Manhattan), Kings Brook
lyn) and Queensland the
suburban counties of Nassau,
Suffolk and Westchester.
The firm and its president
are charged with failing to
register under the New York
State securities laws to do busi-
ness in the State. It also is
alleged that. IN advertisements
and letters soliciting invest
ments, the company concealed
the fact it was under indict.
ment In the United States Dis
trict Court in Maryland on
charges Of mail fraud.
Last November, Mr.. Lefko-
witz charged in civil proceed
ings that the Baltimore com.
pany and the seven other saw
lngs and loan associations
knew or should have known
that the International Guar.
anty d Insurance Co. of Tan
gier did not have suficient
assets to insure depositors'
money.
He also charged that they
knew or should have known
that false statements were con-
tained in advertisements and
brochures circulated by them
and by the insurance COM
pany.
Evening star., 1960-03-25

Mr.. Runk asked permission
to borrow it; told his boss,
Theodore s. Grape. he'd be
right back, and paid a fast call
on a lawyer he knew.
II was in luck" Mr.. Runk
says. "He was sitting at his desk
with the sunlight streaming
over both shoulders. Just as he
put the ring on his finger. the
phone rang. He talked for about
seven minutes, turning the ring
and watching it catch the sun
all the while. When he hung
up. he said, I'll take it.
81 was back at the store in
side a half-hour. A $17,500
sale"
A Truman Purchase
Not all sales run to i've 1ig-
ures, Of course. One that Mr..
Runk remembers fondly is the
purchase Of an ss4 pair Of black
garters with gold buckles by
Harry Truman when he was
President. Mr.. Truman spotted
the garters in the window dur
ing one Of his strolls and put in
an order for them (mono-
grammed) when he got back to
the White House.
Mrs. Truman also is remem-
bered at Grape g. Co., espe-
cially by q Negro porter who
was sent with a case Of Jew
elry samples to Blair House
one day when the Trumans
were living there. go right
up" the man at the door said,
and before he knew it the sur
priSed porter found himself
sitting in the parlor exchang-
ing small talk with Mrs. Tru-
man as she looked over the
jewels.
"Delayed-ActiOn" Sale
Dignitaries aren't the only
people who buy their jewels
by remote control. Mr.. Runk
for years has had one Gus
toner. q Charlottesville wom-
an. who makes regular trips to
the store. looks over the wares
and leaves without buying any.
thing. Two or three days later
she's likely to write q letter
saying. "Send me the ring
I looked at and bill me for it"
"She recently bought a $l5.-
600 catseye that way" Mr..
Runk reports.
You can almost always tell
who's going to buy and who's
just looking, Mr.. Runk says.
Evening star., 1960-03-25
BY EMERSON BEAUCHAAIP
star stan Writer

It was an unusual sight, even
for Connecticut avenue.
Out Of the Mayflower Hotel
strode Gen. Rafael Trujillo. the
Dominican Republic dictator,
accompanied by the Dominican
Ambassador, two Dominican
army colonels and an Ameri-
can bodyguard. They turned
left and walked the few steps
TO Grape & Co., 1105 Connec-
ticut avenue NV. Everybody
entered the jewelry store except
the two colonels, who took up
Evening star., 1960-03-25

stone she had substituted for
the diamond stood out like a
sore thumb. We hadn't no
ticed it the night before; we
had just checked to make sure
every slot in the tray was
filled"
The woman made a career
OF visiting jewelry stores at
closing time, it turned out. She
later was caught and sent to
prison. but Grape g. Co. never
got its ring back.
Evening star., 1960-03-25
Business
Money Pinch Eases,
But Experts Disagree
On Rate Outlook
By DONALD B. HADLEY
Star Financial Editor

: The experts pretty much divided whether the
present easing of interest rates in the Government securities
market represents anything than temporary lu the
tieht-money situation
Temporarily at least more funds available for home
financing but this is due much reduction in de-
Evening star., 1960-03-25
OVER COUNTER

Washington listings on over-the-
counter markets furnished by the Ma
tional Association OF Securities Dealers
rs Of noon Friday, March rs:
Evening star., 1960-03-25
TREASURY BONDS

NEW YORK. Mar. Is tAP).-Yester.
lays closing 0ver-the-cou limited
States Government Treasury bonds
Evening star., 1960-03-25
FOREIGN EXCH'GE

NEW YORK. Mar. 25 (AP),-For.
eign exchange rates (Great Britain in
dollars, others in cents and decimala
OF cent?:
Canada in n.
lfree) I05.1S75 los 2343
Evening star., 1960-03-25

In answer to another ques-
ton, Mr.. Winston said pension
funds are growing faster than
any other single source for
savings and that they are turn
ing more and more to the
mortgage field for investment.
Pension funds are the great
white hope for mortgage needs,
he said.
Incentive financing is gradu-
ally becoming a new means
for institutional investors to
participate in projects which
have relatively low credit rat
tngs, Mr.. Marbury reported.
IN this type of lending, the
lender receives an opportunity
to participate in profits by
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17

ing street NV, and the Am
bassador Garage, 1890 Cham
plain street NV.
Active in Masonic organiza-
tons, Mr.. Paylor was a mem
Der of the st. Johns No. IL
Masonic Lodge, the Naval Com
mandry of knights Templars,
the Scottish Rite, and the
AlmaS Temple. Mr.. Paylor was
also a member of the Odd
Fellows.
Mr.. Paylor leaves his sister,
Mrs. David Quate of Green's
boro, N. c., and a brother,
Russell S. Paylor of 1884 Shep-
herds street NV. He also
leaves two nieces and seven
nephews. His wife, the former
Ida Rush of Philadelphia, died
in 1855. -.
Friends may call at the Lee
Funeral Home, Fourth and
Massachusetts, avenue. Burial
will be in Reidsville, N. c.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17
jean H. Dubuque, So, Aide
In ChennuuIt's Air Firm

Jean H. Dubuque, SO, long
active in aviation in Washing
ton, died of a heart attack yes
terday in Taipei, Formosa,
where he was an official OF
Civil Air Transport, Ltd.
For the past 3 years Mr.. Du-
Buque was director of public
relations and advertising for
CAT, the Nationalist Chinese
airline founded by the late
American Gen. Claire L. Chen
nault, of the Flying Tigers
fame.
Mr.. Dubuque also was editor
of the CAT. Bulletin, the air.
lines magazine.
After World War II service
as a squadron commander in
the Army Air Corps, he came
to Washington as special con-
sultant to the Secretary of the
Air Force.
He left this position to be-
come a special assistant to the
Undersecretary of Commerce
for Transportation, and in 1852
was appointed executive di-
rector and secretary of the
Corporation Aircraft Owners
Association, now the National
Business Aircraft Association.
While here, he maintained a
home at 1908 August drive,
Silver Spring, Md, and was
an active member of the First
Church of Christ Scientist in
Silver Spring.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17
Mrs. RuyT Tucker,
Wife of NeWsmu.n

Mrs. Ray Tucker, Ga, wife. of
IA Washington newspaper col
umniSt and a former news
paperwoman, died yesterday at
her home, 1908 Hillcrest place,
Chevy Chase, Md.
A native of Hartford, Conn.
Mrs. Tucker attended schools
there and began her career as
a reporter on the Hartford
Times. She late became an
assistant city editor of the
newspaper.
In 1919 she became an as
sistant to Mr.. Tucker, who was
then Sunday editor of the
Hartford Courant. They were
married in June, 1920.
Mrs. Tucker came to Wash
ington in 1924 when her hus-
band became the Washington
correspondent of the old New
York Evening Post. He now
writes for the Mcclure Syndi-
cate. For many years Mrs.
Tucker was active in Mont
gomery County civic work.
Besides her husband, of the
home address. she leaves a son,
Don, of Spokane, WASH; a
daughter, Mrs. John P. Coquil-
lard of Dundee, ILL.,, and seven
grandchildren. trr,
The family requests that ex-
pressions of sympathy be in
the form of donations to the
American Cancer Society. u~a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17
W. J. Wurmuck,
Cost ConsuItunt

William j. Warmack, SO. a
cost consultant, died Thursday
at his home, 1921 Columbia
road, Annandale, Va.
A native of Alachua County,
Fla, he spent his youth in
Florida and later began prac-
ticing as a public accountant
there. IT,
In 1929 he Joined the Fed
eral Trade Commission staff.
Seventeen years later he re-
signed and founded the Trade
Practice Bulletin, a publication
on government business re-
lationships.
He leaves his wife, Ruby, of
the home address: two sons,
William D., of Glen Cove, N.
Y, and Joseph, 7706 Carteret
road, Bethesda, and two daugh-
tiers, Mrs. Marion w. Morrison
of Lynchburg, Va, and Mrs.
Muriel w. Mooney of Fresh
Meadows, N. Y.
Services will be held at 10
am. Tuesday at the S. H.
Hines Funeral Home, 290l
Fourteenth street NV. Burial
will be in Arlington Cemetery.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-07-17

Mr.. Marquand's III. M. Pull
ham, Esquire" published in
1871, contained an acid por-
trayal of a Harvard man
smothered by Boston conven-
ton.
Other Works Recalled
Among his other novels were
"B. F.'s Daughter" $50 Little
Time and Point of No
Return"
A first novel called THE I'm
speakable Gentleman" set Mr..
Marquand firmly on a literary
course. 1t was published by the
Ladies Home Journal. During
the next 10 years, the Saturday
Evening Post paid Mr.. Mar
quand an estimated half mil
lion dollars for his writings.
Little, Brown & Co. published
his books. In 1949, Mr.. Mar
quand said he had finished
every book and story he ever
started and sold all but one
short story which was sup
posed to be funny but wasn't"
In 1922, Mr.. Marquand mar
ried Christina Sedgwick. They
had two children, John, jr., and
Christina. Divorce ended that
union in 1885. In 1887, he mar
ried Adelaide Hooker, sister-in-
law Of John D. Rockefeller III.
They had three children
Blanche, Timothy and Elon.