davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-01-18
YOUR
MONEYS WORTH
Wave of Small Failures Due
BY SYLVIA PORTER

A big, established corporation
can get credit. Even If it can't
get all it wants, it will have
the financial connections to
raise what it must have to
compete and grow.
But the smaller business
man? The Nations banks
aren't organized to supply him
with risk capital. and in this
era of tight money they un-
derstandably favor their long
standing. safe" customers.
The capital markets aren't
set up to provide him at tol-
cradle cost with the long-term
funds he needs to grow.
The revolutionary system of
small business investment COM
panies created by law in 1858
to help finance small business
has so far been an appalling
flop.
And even if a small firm can
get a loan, the cost in many
instances may be just too steep.
With the bluest of blue-chip
companies paying close to 6
per cent for loans, the charges
plus extras-to a little, mar
ginal concern may be unbear-
able.
! Most vulnerable will be mer-
chandising and food stores,
high-cost service shops, busi-
nesses in the $4,000 to $25,000
range. Killing them will be not
only their experience, but also
their inability to get the cash
imperative if they are to COM
pete and grow.
| Distributed 1860 by The Hall eyndi-
cate, Inc. All Rights ReservedJ
Evening star., 1960-01-18

A wave of bankruptcie S
among small businessmen is
due this year.
The number of small busi-
ness failures is heading for. the
highest level since the depres-
sion '30s. It's almost certain
that 1885 total of $4,000
bankruptcies will be topped.
It's almost certain that busi-
nesses will be dying at a rate
of more than 300 a week as
the year rolls on.
The ironic explanation lies
in the very fact of prosperity.
The economic. boom is bring
ing on the most severe money
squeeze in over a generation,
and this credit pinch will spell
disaster for smaller concerns.
A second explanation lies in
the upsurge in competition,
older firms without the know
how to compete successfully in
a rough period and tender in
fantS without adequate credit
lines will die.
I am not guessing about this
trend. The background of pros
perity and tight money is un-
mistakable now.
Against this background, all
I am doing is making a simple
and OBSERVATION-DISCLOSURES
Of Dun & Bradstreet's authori-
tative compilations of the total
and type of failures which oc-
CURED in 1859.
AS always in a boom cycle,
thousands of enthusiastic but
inexperienced individuals try
to realize the American dream
Of going into business for
themselves.
But the significant fact is
that in this boom, credit is be-
coming tougher and increas-
ingly' expensive to get.
Evening star., 1960-01-18

/ present her the Woman of the
Year Award in Aviation"
Miss Cobb is manager of ad-
vertising and sales promotion
and an executive pilot for Aero
Design d. Engineering Co. o1
Bethany, Okla, builders Of the
twin-engine Aero Commander
one of the planes in the White
House feet.
y y
The worlds smallest turbo-
jet engine, weighing % pounds
and producing 10 pounds oi
thrust which could be the an
swer to helicopter designers
dreams of rotor-tip power, has
been developed.
The midget-sized engine was
developed by the Williams Re-
search Corp. of Walled Lake
Mich, which pioneered the
gas turbine powered small
pleasure boat.
1t could mean jet power for
the light airplane and two OF
them can provide sufficient
thrust for a four-place hell,
copter, its builders say.
Meeting today: Mercedes
Benz Club at HOgate'S Arling-
ton House, 2001 Wilson boule-
ward, $50 pm. Meeting;
tomorrow: National AerOnautiC
Association board of directors
with its new president, Jacque.
line Cochran, presiding, HOte
Statler; Institute Of the Aero
nautical Sciences at the Ma.
tiOnal Academy of Sciences
auditorium, 210l Constitution
avenue NV, to hear JOhT
de S. COutinhO of Grammar
Aircraft, 8 pm; Corvette Clul
at ROsenthal Chevrolet, Colum
ola Pike and Glebe road, Arling
ton, 8 pm. first session undel
new president Russ Brahmer
The Joint Airlines Militar!
Traffic Committee gives 1
luncheon for Brig. Gen. Dol
Flickinger, airline Traveller O
the Year" at the Andrews AFI
Officers Club, IL noon on Thurs
day. J. P. Ingham, 760!
Arnet lane. Bethesda, sales witt
Moore Grear Motors, Inc, ha
earned an award as Salesman
; of the Month" from Ford
LincOln-Mercury Division.
The National Aviation Gu
honors Capt. Eddie Ricken
, hacker Of Eastern Airlines a
, Man of the Month" Friday
:. January 90, from 6 to 8 pm
: Ford will switch 40 pc
, cent of its Falcon production
! to the new station wagon
starting next month as Falco,
, accounts, thus far. for 81 pc
, cent of the Ford Division sale,
|, E. Buick rolled its 10 milliontI
car off the line last week an
Milton Eneix, a 45-yesr EN-
plOyeS who has seen 8 millio
of them, came back to watch
the car goes to David b. Al
bright of Akron. Hawa
l has the highest imported-ca
: penetration Of any State, tn
foreign-built autos accountin
' for 32.5 per cent Of all new
car sales, Hambr0 AutOmOtiv
Z Corp. reports. Edward N
: krOtine, zone manager fo
u Pontiac, is the new preSider
n of the General Motors Manage
: ment Club.
Evening star., 1960-01-18
OVER COUNTER

washington listinss on over-the-
counter markets furnished by the Ma
tional Association of Securities Dealers,
Inc. as Of l pm. Monday, January IS:
Evening star., 1960-01-18

andria National Bank. Alexan-
drla, Va, we're reelected.
This was announced by How
ard w. Smith. chairman of the
board, and President Luther
H. Dudley. The annual organi-
zation meeting elected the
banks officers for the coming
year.
The banks officers are:
Chairman Smith, President
Dudley: E. Guy Ridgely, execu-
tive vice president; Clarence M.
Wells, vice president and as
siStant trust officer; Laurance
S. Thomas. jr.. vice president;
Donald E. Jameson. cashier;
Roy j. Wood, trust officer;
James B. Igoe. j. Hal Hendry,
John F. Hepburn, John P. Wal
Ter, Lena F. Talbert and James
T. Seitzinger, all assistant vice
presidents, and Eunice j..
SchurtZ, Louise j. Bradley.
Kenneth F. Everly. Theodore
A. Jewell. ir.. Cynthia P Cum
bey and Patrick j. Truchio, jr.,
all assistant cashiers.
Evening star., 1960-01-18
FOREIGN EXCH'GE

NEW YORK. Jan 1s iAPl.-Foreien
exchange rates tGreat Britain in DOL.
lars. others in cents and decimals OF
a cent?:
Today Prev Day
Canada in N Y
1freeI lOi g6S7 lO5 90
Evening star., 1960-01-18
Alexandria National Bank
Announces 3 Promotions

Lena F. Talbert and James 7
Seitzinger were promoted from
assistant cashiers to assistant
vice presidents: Patrick j
Truchio, jr., was elected as
sistant cashier and all other
incumbent officers of the Alex
Evening star., 1960-01-18
WINGS & WHEELS
BY CHARLES YARsRoUeH

For years Rolls Royce has
been making dignified noise
about the lack of noise in their
automobiles. cYou can't hear
anything but the ticking of the
cloCk.~
Now. right along with the in
dustry trend this year to reduce
interior sound levels in all the
l960S comes one of the top ex-
amples in the Lincoln.
Driving one of the first Pre-
mier 4-door hardtops to arrive
in Washington in traffic and on
the highway, I found its deci-
bels-or lack of them-remark-
ably close to the Rolls.
At so to so miles an hour on
the open road. windows up
ticking of the clock actually is
founder than road rumble. en-
gine and wind noise. The Pre-
mier, its 315-horsepower engine
tugging along such extra lux
ury as a second radio (FMO =,
air. conditioning, power brakes,
power steering, power windows
and power seats, scarcely raises
its voice even in a jack-rabbit
start.
Nntil one becomes accus-
toned to it, it is a menace be-
cause 60 miles an hour creeps
up too easily in those 35-mile
zones.
To achieve this new low noise
level Lincoln put thick rubber
insulating pads at the U-bolt
attachment to the axle and alb
sorbed engine vibrations by use
of a new butyl-cushioned rear
engine support.
The Whirly- Girls, interna-
tional women helicopter pilots
with two charter members in
Washington. have acquired two
new members to bring the total
to 26. Organized in 1855 with
l3 members. the group can
count them in Paris, France;
Frankfurt, Germany; Puerto
Rico and about 20 States.
Members here are Jean Ross
Howard and Mrs. Marilyn
Hines Riviere.
The two newest are DIR. Dora
J. DOugherty of Fort Worth
and Mrs. Theodore w. KeyOr
of Old Lyme. Conn.
DR.. Dougherty, in the Wom-
ems Airforce Pilots during
World War II, is one of the
two Whirly-GirlS qualified tt
fly the B-29. She is now the
human factors co-ordinator fol
Bell HelicOpter in Fort Worth
Mrs. Kenyon, who learned Il
fly in 1929 and then married
her instructor, was a produc'
ton test pilot for Grumrhar
during the war and is currently
doing the same for Kenyon
Laboratories in Chester. Conn.
a firm her husband heads.
Four months after its intro
duction. the Chevrolet COrvai
is coming out with an optiona
engine for added performance
an all-new four-speed trans
mission and a heavy-dut!
chassis package.
: Principal notifications in tn
pancake-flat six-cylinder en-
= CINE are a special camshaft 70
n greater valve lift and opel
# duration. larger muffler pas
y sageS and a tailpipe of create
diameter.
The new power plant is rate
at 95 horsepower as compare
: to 80 for the standard engine
{ The new options, cost still un
" announced, will be available il
limited quantity until the de
mand can be appraised.
: \
Jerrie Cobb, just about one O
the most winsome of the femal
airplane drivers and holder o
the world aviation class recor
for speed and altitude. come
to town January 26.
On behalf of the Woman
National Aer0nautical AsSOcia
tiOn, Senator Monroney wi
Evening star., 1960-01-18
Phoenix Mutual Life
Reports High Rates

Thomas H. PritChard. agent
for the Phoenix Mutual Life
Insurance Co. of Hartford,
Conn, here, reported new paid
sales exceeding S4.5 million Of
ordinary life last year. This
is considered an unusually high
record. Ira J. Perry, Office su-
pervisor. said.
/ Mr.. Pritchard is a life and
qualifying member of the Mil
lion Dollar Round Table and
is a director of the National
Bank of Bethesda Chevy
Chase. In five of the last six
years, Mr.. Pritchard has re-
ported paid sales of So million
or more.
Rear Admiral Josephus A.
Briggs, retired naval officer
has been elected to the board
of directors Of the Chesapeake
Instrumnt Corp, Shadyside,
Md. He succeeds James H,
Wakelin. who recently resigned
to accept an appointment as
Assistant Secretary of the Navy
for Research and Development.
/ Morton ]. Simon Of Phila-
delphia. counsel for the Adver-
tising Federation of America
addresses the Advertising Club
of Washington tomorrow at the
Presidential Arms.
Evening star., 1960-01-18
Southern Co. Dividend

NEW YORK. Jan. 18 (AP)
Southern Co. today raised
the quarterly dividend to 35
cents a share from 321a cents.
The dividend is payable March
5 to stockholders of record
February l.
Evening star., 1960-01-18

DulIC lIlSlQe, arrive lTOW CIle
Georgia Marble Co.'S plant at
Tate, Ga. The heavy timbers
cushion the columns, each
weighing 18 tons and valued
at $4,000 apiece, and anchor
them more firmly for the long
ride.
The material for the east
front of the Capitol is being
carried in 80 railroad cars. For
the massive pieces of marble,
25 special gondola cars,
equipped for the particular job,
have been pressed into service.
Twenty of the columns have
arrived-four more are to come.
Special Care
Because of the precious
cargo. special care is exercised,
for not a scratch must mar the
highly polished marble that
when in place-will give the
East Front of the Capitol
new luster and grandeur. Spe-
cial inspections are made en-
route and special precautions
are taken for the unloading
here, utilizing a 30-ton crane,
under the watchful eye of
Peter Dansberry, foreman for
Mcleod & Romborg Stone Co.,
Inc, Bladensburg, Md, sub
contractor for the Georgia
Marble Co. President Carl o.
Romborg personally makes pc
riodic trips to the yard to in
sure that all is going well.
A. G. Moler, supervisor,
freight claim prevention office
here for the Baltimore g. Ohio,
is on hand to watch the un-
loading also. c. w. Ekin, gen.
eral yard master for the rail-
road, also takes a special in
terest in the job. AS unloaded,
the cars are Immediately sent
back to Georgia for more mar
BILE.
Big Transport Job
The thousand and one details
Of the big transportation job
have been handled on the
Washington end by A. M
Brinker, general freight agent,
and John w. Pluebell, district
freight agent, both Of the rail-
road here.
The marble for the East
Front is shipped via the Louis
vile & Nashville Railroad from
Georgia and the cars are then
picked up by the Baltimore &
Ohio at Cincinnati. Each piece
is marked and laid out in Sc
quence, because each piece Of
marble is identified on the
blueprints and inspection is
very rigid. 1t is expected that
erection of the columns will
start in June. The job is due
to be completed in time for the
Inauguration of the new Presi-
dent a year hence. Meanwhile
the marble is being transported
by truck from the railroad yarc
to the Capitol, as needed.
Evening star., 1960-01-18
3 of 5 Stocks
Gained or Held
Steady in 1859

NEW YORK, Jan. 19 (AP).-
Three out of five common
stocks listed on the New York
Stock Exchange advanced or
held their own during 1859, the
exchange said today.
Exchange figures showed that
623 stocks went up, Alb de-
clined and Is wound up right
where they started.
The exchange gave this
breakdown:
Evening star., 1960-01-18
Business
Huge Capitol Columns
Now Being UnIooded
BY WILLIAM A. MILLEN
Star staff Writer

One of unusual transportation jobs here is now
progress The Baltimore g. Ohio Railroad is unloading the
24footlong marble columns for the east front Of the
Capitol.
The BROS freight yard at T street NE is scene OF
activity special modified gondola with heavy tmberS
Evening star., 1960-01-18
Navy Credit Union
To Hold Annual Meeting

To Hold Annual Meeting
/. A week from today, the Navy
Federal Credit Union will hold
it's 18th annual meeting Of
shareholders at the General
Accounting Office cafeteria,
Fourth and G streets NV,
President Richard RICHTER said.
A 6 pm. dinner will precede
the meeting.
Termed "the largest federal
ly-chartered credit union in
the Washington Metropolitan
Area" Navy Federal has assets
of more than S13 million and
has total membership Of more
than $4,000. Headquarters are
in the main Navy Building.
Evening star., 1960-08-21
BEN C. WRIGHT
Pre9dens
EUCLID M. CONVICTION
Chairman Of the Board
JOHN c. STERLING
Honorary Chairman

Q 1880. United Newspapers Mosozine Corpora
ton, 485 lexington Avenue. New Yoh ". New
York. This Week y All rights reserved under inter-
no,ionoI end Pom Americon Copyright Convention.
Reproduction In whole in port without permission
is prohibitedl MONIES and descriptions OF oil Choir
octers in fiction stories ond semi fiction Orioles in
this mosozine wholly imo9inoN. Any nome
which hoppens to be the some os thoi OF ony
person living or decd is coincideniol.
Evening star., 1960-08-21
NEXT WEEK:

eScsssa: Clifton Fadiman continues his
Fiction Festival with an eerie tale Of
diplomacy. 1t has an ending that will
frighten you. Don't miss The Very
Foreign Ambassadors"
Fed: The most exciting football season
ever is shaping up, says Ben Schwartz
waIder, coach of Syracuse's national
champs. In THIS WEEKS Fourth
Annual Football Forecast, he picks
The 8 Top Teams To Watch In 1860"
Esssslses: TV star Dave CarrOway has
his own ideas on child care - funny
but sensible. You'll want to read
Give Your Child Love - And Liberty"
Evening star., 1960-08-21
august 81. 1860
IRs THIs ISSUE.

lM TNlS ISSUE.
Cover Photo by Don Ornitz:
Yves Montond ond MoriIyn
Monroe tSee Poge n
FIRST Rood Mop" or The Moon
J The Frenchmon Who Rescued MoriIyn
Fiction festivol Amozine lady
u Why Women Vote The WoY They Do
u food: Treots from A Southern Cook
Is Sports: Foster, Higher. Fortherl
10 Cerfboord: Your timericks
Evening star., 1960-08-21

WILLIAM [. NICHOLS
Editor and Publisher
sEY CHAssLER, Editorial Director
Ed MCCARTHY, Managing Editor
NELSON cRUPrO, Art Director
STEWART BEACH, Asst. to the Editor
Evening star., 1960-08-21
@Nczo
Arf-
This iiiikll1
@AFt=ez.:sssas
is a
Golden
Age!

Beyond tbe sHndopn is tomorroW's pisdom,
today is doing to be long, long ago.
THOMAS HoRSssY FT
7 often enjoy thinking how people in the far
off future will look back on us with Unsuitable
fascination, Just as we look back on the ancient
Egyptians, the Greeks or the Eizabethans. De-
spite terrifying global tensions, believe that our
times, in future retrospect, will be called Golden
Age
And if our ancestors could visit us today, what
would they be saying of us2 Make believe that
Shakespeare has come back to ask what's going
on in your own town. Let Newton and Calico
chat with that young physicist on your block
Take Leonardo to your airport, HipPocrates to
your hospital. Hear them ask how any hour of
history could be so miraculous as ours. Then ask
your own heart if you deserve such marvels and
how much you appreciate them.
Isn't today day men will look back upon with
amazement and envy? Seize it! Enjoy it! The
most humdrum experiences can be charged with
shining wonder if only we will look at them
through eyes of other men at other times We've
lived on this planet for only the flick of an eye
lash, and nov" as suggested once i'll poem,
''is always beginning
WESTERN POET: Thomas Eornshy Ferr has been called
and . tcrrfcaIly aud beautifully american. He recently
PAGE Of The inscriptions from ~ FerrIs poe
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28
PUBLIC SALES

A PUBLIC AUCTION will be
held SATURDAY, MAY ID, at
1900 noon on the farm of the
late Richard Briggs, located seven
miles southwest of Caldwell on
county road No. Z.
Horse Drawn Machinery: John
Deere moving machine; Empire
grain drill; dump hay rake: two
horse corn cultivator; steel drag
harrow; land plows; marking out
pillow; disc harrow; one row corn
planter; steel wheel wagon: hay
tedder and sled.
Household Goods: Florence
coal heatrola; laundry stove; gas
Home Comfort range; radiant
heater; dining room table, buffet,
and other miscellaneous articles.
Miscellaneous: two bui lding
Jacks; wool tying box; nine tons
of loose hay in NOW also hay
stacks: electric Mccormick separ-
ator and cream cans; iron kettle:
lard press; fence stretchers; roll
Of woven wire fence; set of six
teen #. extension ladders; work
bench with wise; galvanized
roofing; 200 concrete block; 200
bricks and 1900 IT. of assorted
lumber.
Terms-CASH.
Mrs. Richard Briggs-Owner
Caldwell, Ohio, Route 3
Earl Tom-Auctioneer
(Not Responsible For Accidents)
AZ As As pd.
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28
Sale-LIVESTOCE

TWENTY-FIVE weaned pigs:
five polled Durham bulls, one,
2 years old and four yearlings.
G. w. Ankrom, three miles west
of Batesville on SR lat.
AZ 43 A pd.
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28

ONE STEP STAND, one corner
stand, one cokctail table, two
bridge lamps and one folding
clothes lire, new. All items are in
good condition. Mrs. w. S. Cam
den, 402 Belford Street, Caldwell.
A As pd.
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28

HAVE SOLD my farm, and will
offer at public auction my per-
sonal property, located on SR
sos, one mile north west of Leb-
anon, on the Bode farm, on SAT-
URDAY, APRIL 80, starting at
100 p. m.
s Head of Cattle -. Hereford
Jersey cow, six years old, milk
ing; one artificial Jersey COW,
five years old, milking; Holstein-
Guernsey heifer, two years old,
due by day of sale; Angus-Guern
sey heifer, due May IS; Guern-
sey-Hereford heifer, two years
old, milking; Guernsey-Ayershire
heifer, Is months old and two
spring calves; also a good COW
dog.
Farm Machinery - 1854 Ford
tractor, in good condition with
plows, pickup disc and rear
mower; side rake; manure spread
err and wagon lime spreader.
Miscellaneous - Baled straw:
dinner bell; iron kettle; safe;
organ; lot of small tools and other
articles too numerous to men
ton.
Terms of sale-CASH.
WADE C~URRY-Owner
Lower Salem, route l.
Weddle Observation-Disclosures
(Not Responsible for Accidents
43 A
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28
CARD OF THANKS

l wish to express my sincere
thanks to my relatives, friends
and neighbors for the many cards
and flowers received while my
dear wife, Cora B. Conner. was
sick and at her death. Many
thanks to Mr.. and Mrs. Cecil
Loach of New Kensington, Pa,
for their visit while she was sick.
Also my thanks to the male quar-
tet, Mrs. Faye Hayes, the pail
bearers, the McVay funeral
home, Rev. Roy Wikander, Rev
Ola Teeters or any others that
helped in my time of need. II
will never be forgotten.
44pd. Conner Family
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28

LOST, STRAYED OR stolen, a
female Dachshund that answers
to the name of Heidi. She was
last seen tied to her dog house at
the owners home in Belle Valley.
She is about six months old. It
is important for the Martin chill
dren that this dog be returned.
Contact Mrs. Warren Martin in
Belle Valley across from the So
hio grocery and service station
or phone 354 F %. A
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28
For ~SaIe-DWELLINGS . LOTS

SEVEN ROOMS and bath. Mod
ern with Gas, Electricity, hot
and cold running water,G Gas furn-
ace, and full basement. Extra lot
and garage. Located in Caldwell.
SIX ROOMS and bath, gas, cleo
tricity, hot and cold running
water. Cellar under kitchen. All
newly decorated inside. includes
six extra good lots. Located at
edge of Caldwell.
STRICTLY MODERN, two bed
room, one floor plan house.
Garage in basement. Large lot.
Located in Caldwell.
LARGE HOUSE and one acre Of
land. Electricity and water
piped into kitchen. Large store
building with living quarters up
stairs. Other outbuildings. Lo-
Gated on state highway. Priced
to sell.
CHESTER ]. HOWILER-Broker
516k West ST. Phone 228-J
Caldwell, Ohio
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28
NOTICES

WAIT AND SEE OUR CATTLE.
Registered horned and polled
Hereford cattle dispersal sale
May 10. Bulls, COWS (some bred,
many with calves at side), open
heifers, bull and heifer calves.
All to sell. Our need for money
to build a refrigerated apple
storage building is the reason for
the sale. Cattle may be inspected
any time at farm. Catalog may be
had by writing Lorin G.. Sanford,
sale manager, Buckeye Polled
Hereford Assn, Caldwell, Ohio or
from US. Albert J. Lively and
son, Lively Fruit Farm, Barnes
vile, Ohio, east edge of Bates
vile, just off SIR lat.
40 43 A As As
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28

THREE room unfinished apart
ment on second floor. New tile
bath with shower. All rooms
newly decorated. Privately con-
trolled heat and hot water. Large
closets. Use of basement for
laundry. Adults only. Call at 1920
North street, Caldwell. $1,000 per
week in advance or $4,000 per
month. 33tf.
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28

Electrical service entrances in
many farm homes are inadequate
to handle today's increased cleo
trical load, say Ohio State Uni
versity Extension agricultural
engineers.
The journal. (Caldwell, Ohio) 1934-1961, 1960-04-28

With light loads, best tractor
fuel efficiency will be obtained
by reducing the engine speed
and shifting to a higher gear to
maintain the desired speed of
forward travel, according to Ohio
State University Extension agri-
cultural engineers.