davidaulloa/AmericanStories huggingface dataset:
Evening star., 1960-10-11
~ SYLVIA PORTER

If you. a small investor, have
long wanted to get a piece of
the ownership of an Office or
apartment building, hotel, etc.,
but have been completely
barred by the huge cost of the
properties, a new type Of in
vestment should be appearing
soon.
1t will be a new form Of mu-
tual fund, formally called the
real estate investment trust, !"
and the idea behind it is the
same as that behind the hun
dreds of stock and bond mutual
funds now in existence.
1t will sell shares the way
the familiar securities mutuals
today sell shares, but intsead of
investing in stocks and bonds,
these funds will use the pools of
cash raised to invest in rental
real estate, mortgages and the
like.
The new mutual funds were
Evening star., 1960-10-11
SOME EXCHANGES
SHUT TOMORROW

NEW YORK. Oct. II
(AP)-A small number of
commodity exchanges will
close tomorrow, October IL
Columbus Day. Major Sc
curity exchanges across
the Nation remain open
as usual.
Shutting for the holiday
are the cocoa. coffee and
sugar and foreign ex-
changes in New York. In
addition, over-the-counter
houses dealing in Govern
ment bonds will suspend
activities for the day.
Evening star., 1960-10-11
MUTUAL FUNDS

NEW YORK CAP)
- National Associa-
tion Securities Deal
Evening star., 1960-10-11

yesLment in these real estate
mutuals will reflect the risks of
the real estate market-but the
investor win have the presum-
ably valuable benefits of pro-
fessional selection, constant
supervision and diversification.
And while the risks may be
greater than In high grade
stocks, the returns may be
greater too.
This is to be q new invest
ment medium with possibilities
for broadening the real estate
market and the capacity Of the
little investor to participate in
ventures normally priced far
beyond his reach
distributed 1860 by the Hall syndi-
cate, Inc. All Rights ReserVed.l
Evening star., 1960-10-11

points as summarized by Leon
Gold. chief of the tax division
OF the Research Institute of
America.
A real estate mutual fund
must be In the form of an un-
incorporated trust or associa-
tion and managed by one or
more trustees.
1t must be owned by at least
100 persons, and no five indi-
.viduals can own more than so
per cent of it directly or in
directly.
Limitations Listed
The fund can't hold property
primarily for sale to customers.
In fact. rs per cent of the
funds gross income must rep
resent rents from real property,
interest on mortgages, gain
from sale of real property, divi-
dends or similar distributions
from other real estate mutual
funds. "The rents must be from
passive real estate investments, +"
says Mr.. Gold-meaning the
fund cannot actually operate
buildings. And at least Is per
cent Of the balance of the
funds gross income must come
either from the above sources
or from other dividends, in
terest or gains from the sale of
securities.
The fund can't obtain more
than 80 per cent of its gross in
come from Short-term gains on
securities or from gains on vol
untary sales of real property
held by the fund for less than
four years.
The taxable income the trust
or association retains will be
taxed generally as the income
of a corporation is taxed.
OF course the risks of an in
Evening star., 1960-10-11


which has headquarters at
Hyattsville, Md.
Robert M. Milliron, cashier
of the Maryland State Bank OF
Montgomery County recalled
that at a meeting of its stock
holders on October 4. they voted
unanimously to merge with
Suburban.
Thus the way is paved, If
regulatory governmental au-
thorities approve. for the mer-
ger to take place. This is ex-
pected probably some time
around the first Of the year.
The merger proposal passed
at the Bank Of Maryland meet
ing by 57,567 shares in favor.
There are 59,590 shares total.
Some 28,840 votes were repre-
sented in person at the meeting.
Well over the necessary two
thirds votes in favor Of the
merger were EAST.
Some speakers expressed re-
gret at seeing the little bank go
out of existence, but the great
mass of stockholders voted ap-
proval.
Papers were prepared to seek
approval by the Maryland State
Bank Commissioner and by the
Federal Deposit Insurance
Corp. for the merger.
Statement by Suburban
Suburban issued this state
ment late yesterday:
THE Suburban Trust Co. Of
Hyattsville, Md. and the Bank
Of Maryland, Seat Pleasant,
Md. held special meetings of
stockholders today to consider
the proposed merger by the re-
spective banks
"T. Howard Duckett, chair
man of the board and the ex-
ecutive committee, and j..
Robert Sherwood, president,
made the announcement fol-
lowing the special meeting that
the stockholders being a sub
stantial majority and being
more than two-thirdS required
under law approved the merger
agreement with the Maryland
State Bank of Montgomery
County, Gaithersburg, and the
Bank Of Maryland, Seat Pleas
ant, Md.
James P. Casbarian, chair
man of the board and president
Of the Bank of Maryland. re-
ported that their stockholders
today had approved being a
Evening star., 1960-10-11
Bond Bid Rejected
By Massachusetts

NEW YORK, Oct. IL (AP).-
Massachusetts late yesterday
rejected the lone bid on a pro-
posed issue Of $69.5 million
various purpose improvement
bonds.
A group Of underwriters bid
Evening star., 1960-10-11

100 Tor 334 and 3.6 per cent
coupons, setting the net annual
interest at 3.64115 per cent.
The Massachusetts, state
treasurer said bids probably
will be reopened next month or
in December.
Evening star., 1960-10-11

land approximately $25 million.
This would give the resulting
bank the Suburban Trust Co.
total resources Of approxi-
mately 5000 million.
when the merger is legally
effective, the Suburban Trust
Co. will operate 20 Offices in
Montgomery and Prince Georges
Counties. These agreements Of
mergers in both cases are sub
ject to approval of the State
Bank Commissioner of Mary
land as well as the Federal De-
post Insurance Corp.
"The merger should result In
many operating economies and
a better overall service to its
customers and will bring the
facilities of a well-organized
trust department to both
Northern Montgomery County
and Southern Prince Georges
County, which services are not
now available to the residents
of these areas, and with the an
ticipated progress and popula-
ton growth the merged institu-
tions will better serve our
communities"
Stock Agreements
Under the terms of the pro-
poSal, Chairman of the Board
Duckett and President Sher-
wood made these offers:
The agreement with the
Bank Of Maryland provides for
an exchange of stock on the
basis of nine shares of stock of
Suburban Trust Co. for 10
shares of the stock of the Bank
of Maryland; for the election
of four members of the board
of the Bank of Maryland to
Suburban's board and the cleo
ton of several Of the officers to
Evening star., 1960-10-11

somewhat similar positions in
Suburban.
The agreement with the
Maryland State Bank OF Mont
gomery County is similar. pro-
viding for the exchange of four
shares Of stock of Suburban
for five shares of Maryland,
election Of two of their board
to Suburban and the election
Of their president TO a vice
presidency in Suburban.
Evening star., 1960-10-11
THE EVENING STAR
Suburban Trust Votes
Three-Bonk Merqer
By WILLIAM A. MILLEN
Star Stan Writer

Stockholders of the Suburban Trust Co. voted yesterday to
take over the Bank Maryland Seat Pleasant Nd and the
Maryland State of Montgomery County at Gaithersbug
Md A 5000 million institution is enviSoned.
At the same time stockholders of the Bank Of Maryland
nverhemnRy voted with the Suburban Trust
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21
Horse Shoe Run

Recent Sunday dinner guests of
Mr.. and Mrs. Cecil Evans and
family we're Mr. and Mrs. Carl
Whitehair and Neil. Mr.. and Mrs.
Leonard Stemple and Larry. and
Mir and Mrs. Porter Booth. Other
visitors during the week we're Mr..
McElwce and Ray Shepherd, of
North Wilkesboro, N. c.: Mr. and
Mrs. Homer Evans, Davis. w. Va;
Mrs. Ruby Judy and Janet, Mr.
and Mrs. Lawrence Evans and
Gene, of Horse Shoe Run; Lane
Lee and Dale Johnson, of Eglon,
w. Va: Roberta Cosner, of Thorn
as. w. Va; Larry Stemple. of Lead
Mine, was a weekend guest.
Mr. and Mrs. Allen Schmidt,
who are being transferred from
Texas to Niagara Falls, are spend
ing some time with the formers
mother, Mrs. Nina Schmidt.
Mrs. Homer Evans, of Davis. w.
Va. is a surgical patient in Gar
rett County Memorial hospital.
Mrs. Evans is Mrs. Mary White
hairs mother.
Mr. and Mrs. Austin Schmidt. of
Baltimore, were weekend guests
of Mrs Nina Schmidt and Mr.. and
Mrs. George Roth and family.
Mrs. Mae Arts was a weekend
guest of Mrs. Florence Hauser and
Mr.. and Mrs. Guy Hauser.
Cecil and Grover Evans, Webb
Roth and Lawrence Arts were
business visitors in Clarksburg,
Monday night
Guests on Sunday of Mr.. and
Mrs G. c. Evans were Mrs. Guy
Hauser. Mr.. and Mrs. Grover
Evans, Larry and Stanley; Orville
Evans, Gloria and Athena; Mr..
and Mrs. Loren Lantz and Helen.
Weekend guests of Mr.. and Mrs.
Grover Evans and family were Mr..
and Mrs. Al Snyder, Mr.. and Mrs.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21
Oakland FLA. Boys
Receive Medals For
Outstanding Work

Four members of Southern High
School Future Farmers chapter at
tended The annual wards program
Of the Maryland State Farm
Bureau in Baltimore last Friday
Making the trip were Brooks
Hamilton. Wayne Bcckman. John
Wildesen and Richard Dixon Rich
ard Bishoff, adviser, also attended.
The boys received medals for
their outstanding farming pro-
grams in vocational agriculture
Hamilton received two gold medals
for his beef cattle project and com
plete farming program. Beckman
won a bronze medal for his beef
project. Wildesen won a silver
medal for his project Of 20 fat
lambs and Dixon won silver
medal for his swine breeding pro-
gram.
The four boys mad a total prof.
Get labor income ot over four
thousand dollars Each boy re-
Gently received the Oakland Chap
ter farmer degree and Hamilton
was named Star Chapter farmer
He has six purebred Angus cows
and one-half interest in q bull pur-
chased from the internationally
famous LOngvieW Farms of Bur
lington, w. Va. His cows recently
produced four calves. III addition
to his beef project Hamilton had
three and one-half acres of cauli-
flower and broccoli and employs
three boys to help with the sum-
mer work.
Beckman has a baby beef prof.
ect and a swine program of two
sows, two gifts and two fat hogs.
Wildesen is presently feeding six
teen beef calves and two Duroc
sows. He will feed twenty fat lambs
in the spring. Dixon owns pure
bred swine purchased from Wash
ington county and is developing an
approved cross breeding program
for feeder pigs. He has six O. l. c.
and Duroc sows, an O. I. c. boar
and II Yorkshire gifts
Also accompanying the boys to
Baltimore in addition 10 Mr.. Bish-
off were Mr. and Mrs. Wayne
Hamilton, of Red House.
The boys gave a report Of the
Maryland Farm Bureau program
to fellow vo-ag students on Mon
day at which time w. Kenneth
Johns, principal, congratulated the
boys on their achievements and
in following their program with
much interest.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21
Bowling Winners Listed

The weeks winners in tine vari-
Gus bowling leagues at the Oak
Lanes recreation were listed by
Allen Skidmorc, manager.
Among the Girl Scout bowlers
Joy Glolfelty had the high average
with l13.
Other league wmncrs: Lions
league, No. ; team with IS points;
Hilltoppers league, A. and p team
with "A points; Independent league,
Alley Cats high with Al points;
Travellers league. Ray Teets gar
age No team high with 35ia
points; major league, Chickadees
high with 80 points, X. Of p. league,
Bear Cats high with 40; u. b.
church, team No. / high with So:
Tuesday night late league, Tcets
ladies high with "a points, Hoosier
league, City Hardware high with
48 points; Skirts league Small
Fries high with 80; ST. Peters
church league. Bishops and Hell
Cats tied with IS points each.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21
DEER PARK

A film about polio and the
March of Dimes was shown at the
regular meeting Of the Home
makers club. on January IA. at
the home of Mrs. f. c. Clatter-
buck, local March of Dimes chair
man. This years program viii be
the research of gripping diseases.
birth defects. arhritis and polio
Every contribution will be well
come. Mrs. Grace ThraSher, one
of the clubs charter members
turns in a $1,000 card of dimes each
year.
A birthday card shower will be
given for Wilbur Crispen husband
of Eunice George Crispen on Feb
ruary 4 Mr. Crispcn has been in
the hospital for five months and
viii not be home for several more
months. His address is Flick Hos
pital. Ward In. Cresson, Pa. All
cards viii be greatly appreciated.
Mr. and Mrs. Leroy Campbell
spent few days at their home
her..
Mr. and Mrs. Eugene Fike. Jr.
have announced the birth of a
daughter.
The Deer Park P-TA will meet
al the school on Thursday eve
ming, January 81. at 1870 p. m.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21
Program to Halt
Downward Spiral In
Agriculture Urged

A program to halt the down
ward spiral in agriculture and to
improve agricultural income was
among the items endorsed at the
fOrty-fourth annual meeting of the
Maryland Farm Bureau Inc, at
Baltimore January IA, Is and 16
Garrett county's elected and vot-
ing delegates Of the county farm
bureau We're among the 263 vot-
ing delegates and many others
who attended the sessions. The
delegates represented a state MEM
bership of 1O,O86 farm families.
Attending from this county were
Ross Grove, president of the coun-
ty farm bureau and a director of
the state organization: Keith Stahl,
Sunnyside: Otis Riley, Pleasant
Valley; Allen S. Paugh, Deer Park;
G. Emerson Bishoff, Friendsville;
William Merrill and Mrs. Guy
Stanton. Grantsville; Mrs. Walter
Margroff, Cove, vice-president of
the Associated Women; and Mrs.
OIval c. Glotfelty, Bittinger, a
state director of the Associated
Women OF the Maryland Bureau
L. S. Hartley. agricultural agent
for the 3. and o. railroad, pre-
scented S35 to each of three z. F. A.
chapters in Maryland Tor outstand-
ing achievement and one Of these
awards went to the Northern High
School F. F. \.
Harry Mcdonald, Maryland SUI
pervisor Of Vocational Agriculture,
awarded eighty-one medals to F.
F. A. boys throughout The state for
unusual achievement IN home prof.
ect work and boys OF this county
won ten medals.
Among the resolutions were the
following:
Recommended continuation of
the law providing for taxation OF
land in agricultural production as
such and in no other way;
Requested that the sales tax law
be amended TO exempt all agricul-
tural chemicals, antibiotics, spray
materials and weed killers; asked
more serious consideration of
economy in government, economy
in public Improvement programs
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21
Mt. Lake Paris NeSOs

Mrs. William OF, who visited
her daughter Barbara. in Wash
ington. d. G., last week, has re-
turned home. While there she at
tended an antique show at the
ShOrcham hotel.
Mr.. and Mrs Marion Dodge and
son, of Dundalk, spent the week
end with Mr.. and Mrs. Ralph
Weeks.
Mr.. and Mrs. Alton Dorman and
family, Of Mt Rainier, spent the
weekend here with her parents,
Mr. and Mrs Harry Nicholson.
Mrs. Bryan Blair and Mrs. Ed
ma Paugh are patients in Garrett
County Memorial hospital, suffer
ing from virus infections.
Bill Sweitzcr is i'll at his home.
Guy Deems spent the weekend
with his family. He is employed in
Baltimore He was accompanied
here by his sister Mrs. Calvin
Menhorn.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21

such as school building construc-.
ton, highway rights of way and
improvements;
Urged making support of public
education on state-county and
Baltimore city sharing basis;
Wanted revision of income tax
and sales tax systems to produce
the revenue if additional tax rev.
enue is needed;
Urged passage OF an act making
it crime Of larceny TO enter upon
lands of another without permits
sion and cut and remove growing
trees, if present laws are made
quate:
Opposed a milk control commits
sion for Maryland since most of
Maryland's milk is already being
produced under federal order;
Recommended that the program
concerning calfhood vaccination
against Brucellosis be resumed.
The bureau pointed out that dur
ing the first six months of 1859
the farm income dropped eight
percent and cost Of production in
creased three percent seriously af-
to improve agricultural income. Il
endorsed an aggressive program
TO halt this downward spiral and
to improve agriculture income. 1t
backed the American m
Bureaus program of checking in
fIation. emphasis on markets, less
government control temporary re-
tiremcnt Of productive land vigor-
Gus research on production and
utilization of farm products, pro-
motion of better diet, utilization
Of our abundance to help the I'M
dernourisned in foreign nations.
1t also urged elimination of
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21

Harry Turney. son of Mr.. and
Mrs. Joseph Turney, and small son
Of Danny Holland are patients in
Garrett County Memorial hospital.
The infant son Of Mr. and Mrs
Robert Groves. born January Is. at
Garrett County Memorial hospital,
was rushed to Childrcns hospital,
Pittsburgh. on Saturday with
pneumonia.
Mrs. Carrie Edwards and Mrs
Bea Combs returned home Friday
after spending two weeks travel
ing to Camden. Atlantic City in
NJ j.. also Philadelphia and New
York state and were accompanied
home by Edward Bickel and Mrs
Mamie Thilo, Camden, N. j., sister
and brother Of Mrs Edwards.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21
EVANSVILLE AUCTION
Grantsville, Maryland

GfantSVllle, Maryland
Hogs, top barroWs and gifts.
1900 to $780, hwy. butcher, 1900
to 1920: light butcher, 1120 to
1910; butcher sows, 800 to lips.
Veal, good, $500 to 300; stand
ard 290O to 34OO; utility, 23.O0 to
$3.50; culls down 1000.
Ewes. breeding. 1850 head.
Steers, good, $3.50 to 241O: stand
ard. 2l00 to 230O; utility, 1900 to
2175.
Heifers, good, 1000 to 1900;
standard. 1900 to 1900; utility.
1900 to 100.
Cows, commercial, 1900 to 17.10;
utility. 400 to 1850: Gamer and
cutter, 11.9O to 1875.
Bulls, cutter and utility 1910 to
1900
Stock-Feeder cattle, medium,
20.0O to 22.50.
Eggs. jumbo, 80 to soc doz.;
large, 27 to 33c doz; medium, 25
to Bic doz.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21
Two Apprehended

Only two persons were listed on
the Trial Magistrates docket this
week as having been apprehended
for violation of motor vehicle Jaws
Listed by Robert NJ. Maroney,
trial magistrate, were the follow
ing:
Robert James Eaton. Blooming
ton, falling to keep to the right of
the center of the highway, $40.
Kenneth Robert Reckart, Deer
Park, exceeding so miles per hour,
$40.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21

politics from the farm program, the
use of sound economies and COM
mon sense to help the business of
agriculture secure an adequate in
come for its producers.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21

The convention also urged that
every effort be made to establish
standard uniform time within each
time zone.
Among those at the convention
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21

were Governor Tawes, Randall G.
Spoerlein, president of the Mary
land Farm bureau, DR.. Wilson II.
Elkins. president Of the University
of MARYLAND and others.
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21
SWALLOW FALLS

Mr.. and Mrs. David George and
daughter, of Barton visited Mr.
and Mrs William George, Sunday.
Mr. and Mrs. Clarence w. Maybe
and family visited Mr. and Mrs
Thomas Hensley, Hancock, over
the weekend.
Delbert Friend, Wellington. O.,
visited Mrs Edith Friend recently.
Mrs. Richard Sines visited Mrs.
Norman Ream the past week.
Naomi Ream is confined to her
home with flu.
Mr. and Mrs. William Trout,
Pittsburgh, Pa, spent the week
end with Mr.. and Mrs. Clarence
A. Maybe.
Sandy Skipper spent Monday
evening with Janice Whetzel, Oak
land.
Mrs, Carl Sweitzer was shopping
in Cumberland, Saturday.
Walter Lewis visited Mr.. and
Mrs. Clarence Maybe, Sunday.
Mr.. and Mrs Norman Lewis, Mr.
and Mrs. Norman Ream, Mr.. and
Mrs. Clarence w. Maybe and fami-
ly, Mrs. Arden w. Skipper and son
visited MIR. and Mrs. Samuel Lewis
at the home Of Mrs Esther Hiser,
Locust Grove, recently
Rev. and Mrs. Stoneking Groves.
MorgantOwn. w. Va, visited
friends and relatives here recently.
Mrs. Bliss Ream visited Mr.. and
Mrs. Earl Hershman, Oakland, re-
Gently.
Webster Ashby, Crellin, visited
Rev. and Mrs. j. c. Skipper, Sun
day.
Sonya FUR spent Sunday with
Mr.. and Mrs. Chester Skipper,
Crel'in.
Ladies Aid was held at the
home of Mrs. Peter Spiker, Thurs
day
The Republican. [volume] (Oakland, Md.) 1877-current, 1960-01-21

Donald Snyder. Doris and johnny
Guests during the week of Mr..
and Mrs. Loren Lantz and Helen
were Mr. and Mrs. Ersel Lantz
E-ma, Dale and Francis, Of Row
esburg; Mr.. and Mrs. George
Roth, Harold and Nancy; Harper,
Gloria, Carolyn and Athena Evans.
Papago Indian news. (Sells, Ariz.) 1954-19??, 1960-09-01


WANTED
the the
needed for Tucson
t ordet to in the November
adepuyre
INC Ventur Thomas hui
o is paen at the hopita
te funeral Of his
Care M Mr. EdnaL Oregon
Juan Lowry, ha t kry's pital for
Freshme ne general chan i..G
PapagoI nhan nd
Hi and Navajo o the n
tinL
no
Papago Indian news. (Sells, Ariz.) 1954-19??, 1960-09-01
COVERED WELLS TRADING POST

and
Of
Evening star., 1960-09-07
Home Repair Measure
Signed by Eisenhower
HousehoIders Get New Protection;
Anti-PoIIution Bill, 5 Others Also OKd
BY MIRIAM GUTENBERG
Star STAFF Writer

projections store for District homeownes under
legislation signed law by President Eisenhower late
terday
legislation requires the licensing of District home i'm
contractors and statesmen and authorizes the
require bonds to protect homeownes against
Evening star., 1960-09-07
WHAT'S GOING TO hap

WHAT'S GOING TO hap
pen to him? 1t will be diff
ficult to hold him back, but
l am afraid that Americas
educational system will sue
ceed.
Here he is at the most
receptive period in his life.
He could be taught to read
in a few weeks. But the led
ucationists" are against a
child learning to read before
he is in the first grade and
6 years old. If he goes to
kindergarten at S, everything
will be done to keep him
playing and not reading. Yet
reading can be fun at any
age.
Suppose he had been born
in the early 18th century of
a good family, like George
Mason of Gunston Hall, the
author of the Virginia Dec
laration of Rights and one
of the most cultured Ameri-
cans of the period.
Mason had no formal edu-
cation. He was taught to
read by his mother and spent
his youth in the library of
his uncle by marriage, John
Mercer of Marlborough, a
great house on the Virginia
side of the Potomac near the
Occoquan. The library con-
tanned $500 books.
Benjamin Franklin, an
other man with no formal
education, was considered
one of the great scientists
of the world.
Sputnik caused some mis-
givings about American edu-
cation, but we are becoming
complacent again. Remem-
ber this: All those who con-
tributed to the release of
atomic energy in the labora-
tory, Fermi, Lazlo, Neither
and Bohr, were Europeans.
If we are going to survive,
something will have to be
done to give promising shoots
like Lee Gardiner Nichols a
chance to blossom.