davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-05-22
SPORTS DE-EMPHASIS STUDIED
North Caroline Plans
ghtGombIingLows

RALEIGH, N. c., May %
(AP). - Developments in the
widening basketball game-fix-
ing scandal were expected here
today on two fronts-academic
and legal.
The Consolidated University
of North Carolina trustees were
scheduled to meet to discuss a
possible sports de-emphasis
plan involving the University
at Chapel Hill and North Caro-
lima State at Raleigh.
Since the scandal first broke,
five players-three from N. C..
State and two from North Car
olina-have become involved.
District Solicitor Lester v.
Chalmers, recently returned
from conferences with New
York authorities, SAID ne was
studying possible legislation
aimed at clamping down on
gambling in North Carolina.
Aim at Farley Cards
After meeting for an hour
with Gov. Sanford yesterday,
Chalmers said, I'VE intend to
seek passage of a law that
would make it an offense to be
in possession of any informa-
ton that could be construed as
handicapping an athletic con-
test.
I'VE will strive to do away
Evening star., 1961-05-22
HIGH SCHOOL
BASEBALL

GAMES TODAY
B-CC at Walter johnson, $40
Richard MONTGOMERY at Blair, $40,
Wheaton at Northwood, $3.50.
High Point at Suitland, 2.
Northwestern at Oxon Hill, g
Damascus at Middletown, $3.50.
SaSscer at Gwynn Park. ..
Laurel at Surrattsville, ..
Sherwood at Poolesville. $40.
Landon at GEORGETOWN Prep. $50.
GAMES TOMORROW
Chamberlain at Mckinley. $50.
Anacostia at Spingarn, $40.
Ballou VS.. Phelps at Eastern. $3.50.
Coolidge at Roosevelt. $3.50.
CardoZo at Western, $3.50.
Bell at Wilson, $40.
Landon at st. Adams, $50.
Good Counsel at GEORGETOWN Prep
Congressional at Woodward Prep. $50
Glenelg at DuVal. 2.
Calvert County at LaPlata, 2.
Nokesville at Garfield. 4.
DeMatha at st. Johns.
Evening star., 1961-05-22
Home on Stretcher
LONDON Nav % q

LONDON. May % (AP).
-Innes Ireland, British rae
ing car driver, flew into
London from Nice today on
a stretcher and was taken to
a hospital for treatment. Ire
land suffered a fractured
kneecap. severed an artery
and injured his head in a
100 = miles an hour crash
while practicing for the
Grand Prix de Monaco and
has been in a hospital in
Monte Carlo.
Evening star., 1961-05-22

SYDNEY, Australia. May %
(AP) Bert Alley, the Sydney
trotting driver who guided
Apmat to two top victories at
Yonkers Raceway, claimed
American trotters and PAGERS
are weak compared with Aus
tralian horses.
He said American horses are
badly trained and trainers used
o wide variety Of unnatural"
gear.
Their time records" are
misleading because tracks are
Evening star., 1961-05-22
Aim at Farley Cards
MAJOR
LEADERS
By the Associated Press

AMERICAN LEAGUE
BATTING biased on IS or more at
bats)-Temple, Cleveland, 800: Kill
Hebrew, Minnesota, .353 Cash, De
troit. ;345: Boros, DetIoit .339;
New York. 80; Wood, Detroit, IS;
Cash. Detroit. 81; B. Robinson, Bal
timore and Bruton, Detroit. 20; Gen
tile, Baltimore and Kaline, Detroit,
RUNS BATTED IN-Gentile. Baltimore,
40: Boros. Detroit 30; Cash, Detroit.
20: Colavitoss Detroit. 20; Mantle,
HITS-Temple. Cleveland. 40: B. Rob-
| inson, Baltimore. AZ, Boros, Detroit.
a.: Piersall,, Francona and Power
| land, l2: Francona. Cleveland, IL:
| B. Robinson, Baltimore and Green,
Minnesota. 10.
TRIPLES-wood and Kaline, Detroit,
4: sieyers and Lands, Chicago Pier
sail, Cleveland and Woodling and
Keoush. washington, 3.
HOME RUNs-Gentile Baltimore. 12;
Colavito, Detroit and Mantle, New
York, 10: Sievers, Chicago and Kille-
| brew. Minnesota, 3.
STOLEN BASES-Aparicio Chicago and
versailles Minnesota II; Wood, De
| Lands. Chicago. q.
PITCHING biased on 3 or more de-
ctslonsl l-ReGan and MosSi, Detroit,
40. 1000: Grant and Latman,
Cleveland, 80. 1000: Larry, Detroit,
STRIKEOUTS-Pascu Minnesota, so:
Ramos. Minnesota. AZ: Barber. Bal
tlmore, 40; Ford, New York, 40; Bell,
| Cleveland. 80.
NATIONAL LEAGUE
BATTING (based on IS or more at
batsl-Moon. Los Angeles, .372:
| Mathews, Milwaukee. 1853: Gle
mente, Pittsburgh. 1852: Gonzalez,
Philadelphia, .34l: Aaron. Milwau-
| kee, .33l.
RUNs-BollinE. Milwaukee and Mays.
I San Francisco, ~, Wills. Los Ange-
Mathews, Milwaukee. "a.
Runs BATTED N-Aaron. Milwau-
kee and Cepeda. San Francisco. 81 /;
Moon, Los Angeles, c5: Robinson,
Cincinnati and Mays. San Fran
HITS-wills, Los Angeles and Gle
mente. Pittsburgh, ~ T. Davis, Los
Angeles. 43: Moon, Los Angeles and
Mathews, Milwaukee. AZ.
DOUBLES Z mmer, Chicago and
cosFaa Coleman CINCINNATI; 2; Aaron; NH
Cincinnati, Moon, Los Angeles and
Alou and Killer. San Francisco, z.
! TRIPLES-Wtlls. Los Angeles and viz
! don. Pittsburgh, 4; Banks. and
Santo, Chicago, Aaron, Milwaukee,
Amaro. Philadelphia and Clemente
and Stuart. Pittsburgh. 3.
HOME RUNS - Robinson, Cincinnati,
Noon, Los Angeles and cepeda. San
Francisco. 10: Mathews, Milwaukee
and Mays. San Francisco, g.
STOLEN BASES-Ptnson, Cincinnati
! :; Robinson. Cincinnati, z: Callison,
Philadelphia. 3: Freese, Cincinnati
Wills. Los Angeles. Mathews, Mil.
waukee and Mays and Kuenn, San
Francisco, 4.
PITCHING biased on 3 or more deci-
sionst-Duffalo, San Francisco, 40
i 900; Podres, Los Angeles, 5-l
1873; Purkey, Cincinnati, Al, 500:
/ Mizell: Pittsburgh, 81, $50: Kou.
fax, Los Angeles and Mccormick
San Francisco, 4-2, 667.
STRIkEOUTS-Drysd Los Angeles
50; Williams, Los Angeles, A.: Kou-
fax; Los Angeles and Mahaffey
Il Philadelphia. A.; Podres, Lol
Evening star., 1961-05-22
Eleven Schools
To Row Here
In Title Race
BY CARL SELL
Star Staff Writer

Eleven varsity rowing teams,
including Roosevelt High School
of Seattle, Wash, have entered
the National Schoolboy cham
.pionship Friday and Saturday
at the new Water Sports
Center.
Washington-Lee, national
champion the last four years,
and George Washington are the
only area schools entered in
the varsity race.
Hammond of Alexandria,
which finished sixth in Satur-
days StoteSbury Cup race in
Philadelphia, is not entered in
the varsity eight-oared race.
The Admirals will compete in
the junior varsity and 1885,
pound eightS and junior varsity
four races.
StOteSbury Winner
Other crews in the feature
are Poughkeepsie, N. Y. High;
Arlington and Roosevelt, both
of Poughkeepsie, st. Joseph's
and Mogsignor Bonner Of Phil
adelphia; st. Joseph's Of Buf-
falo, N. Y; the Hun School OF
Princeton, N. j., and Belleville
N. j.
Bonner won Saturdays
Stotesbury Cup by three-quar-
ters of a length over Washing
ton-Lee. st. Joseph's of Phila-
delphia was third and George
Washington fourth.
Trials for the national cham
pionships will begin at 2 pm,
Friday. Four crews will fall by
the wayside in the trials, with
the other six competing for the
title Saturday afternoon. Sat
urday's program begins at 1870
O'Clock.
Other Crews Listed
Other schools entered in the
regatta are st. Andrews Of
Middletown, Del, in the var
sity and junior fours; Haver-
ford OF Philadelphia and Ca
nisius. N. Y, both in the four
races; Iona IN. " Prep, jun
I ior fours; LaSalle of Philadel-
phia, Junior eight and double;
oosevelt of Weyandotte
Mich, junior eight, and Mount
Carmel of Weyandotte in the
doubles.
| Also, Allen Park CMichD
doubles: Blessed Sacrament OF
New Rochelle, N. Y. doubles
and quad; South st. Paul's OF
Minnesota, junior doubles;
North Toronto, Canada; St
Kits Of st. GATHERINGS. On
tario: Manhattan High Of
New York and Bishop Neumanr
of Philadelphia, all in the jun
ior singles.
Robert Arlett of New Bruins
wick, N. j., and Dave Hillmar
of Approved Tutors in Phila'
delphia are entered in the var
sity singles. Hillman won that
title Saturday in Philadelphia
Evening star., 1961-05-22
Brunei Betters 7 Feet

MOSCOW, May % (AP).-
Valery Brunei, Russia's great
high jumper, cleared a fraction
more than 7 feet yesterday in
the city competitions of the
Student Sports Society, the
Tass News Agency s"'1.
Evening star., 1961-05-22

ton and Donald Mcdowell, Be-
thesda, Volvo, 374; 9-John A,
Merz and Ronald Kranz, Alex
andria. Alfa-Romeo. 444: 10
1t. Col. r. s. Niccolls and Tad
Niccolls, Alexandria. Porsche,
460.
Evening star., 1961-05-22
RACING
RESULT
Aqueduct

BY the Associated Press
FIRST RACE-Purse, $500: claim
ing, maiden 3-year-olds ana up: 70
miles.
Bryan's Cottage (A'n) 1880 SEQ 6.2O
Honolulu UeOnard) 7,l0 500
VOIatrust tSOrrentinO) 7.1O
Real Joy, Family Tide, Prov, Speak
Easy, Barbaric. Mighty Caesar, Tony's
Request, Promptus, Cedar Way, Mr..
Race Rider. Time, 1:641s. fField.
Evening star., 1961-05-22
Busy Hockey Session

PORT ARTHUR. Ont.
May % (AP).-At least $50
resolutions were expected to
come up for action as the
Canadian Amateur Hockey
Association opened its an
nual meeting today.
Evening star., 1961-05-22

HBP BY Baldschun (Bursess). u
Vargo. Forman, Crawford, Barick, Jack
owski. T-3;3S. A-S,2Sl.
Evening star., 1961-05-22
MINOR
LEAGUES
BY the Associated Press

Charleston. SO; jersey City, 10
tsecond gameS-inning tie. called RAIN
Buffalo, 9-A; Syracuse, 3D..
Richmond, l0-2: Columbus. rs.
Rochester. 1870; Toronto, "a.
Evening star., 1961-05-22
lI0 043 OILS
hna hAn 7nn-ll
Pittsburgh
Philadelphia

E-Stuart. c. Smith z. Walters, CALI
son, Woods. PO-A- Pittsburgh 27.13, Phil.
adelphia 27-l0. DIP Stuart, Groat and
Stuart; Groat. Mazeroski and Stuart 4
LOB - Pittsburgh "a, Philadelphia 8. 2B-
Stuart, Walters Z, H. Smith. 3B-W Walters.
Woods, Clemente. HR Hoax. S-DGreen,
Nirdnn
Evening star., 1961-05-22
SOUTH ATLANTIC LEAGUE
EASTERN LEAGUE

Jacksonville. .: Charleston. /.
Greenville, IL: Columbia. z.
Asheville. 4: Knoxville. >.
Charlotte, 10: Portsmouth, 0.
Evening star., 1961-05-22

LlttIe ROCK, IU-I. NaShVlIIe. So
first game IL innings.
Mobile. 8; Atlanta. 5 III innings).
Chattanooga, Is: Shreveport, Z.
Macon. 8; BIRMINGHAM, 4.
Evening star., 1961-05-22
PACIFIC COAST LEAGUE

FOrIIHuu aI bpUhHHt' Dpu'' Nel
grounds
Vancouver, ): Seattle, 2.
Tacoma. 2-l. Hawaii, IL second
game called because Of time limit-to
be replayed)
Salt Lake City, 8; San Diego, 5.
Evening star., 1961-05-22
First Game

Allied into doublepIay for Schaffer
in 9Th; b-Walked for Cardwell in 9Th;
Gran for Taylor in 9Th.
81. Louis NEUTRALITY-SUSPICIOUS.. 900 zoo 1915
CnlcagO ..'...............'V VII wi WI
E-None. PO.A-St Louis 27.s Chicago
U.l0. DIP Miller, Schaffer and White;
Schoendienst, Spencer and White; Altman
st. Louis 2, Chicago II. 2B-A Altman,
Musial. HR-Musial. SB-Sant0. S-Schaf.
Evening star., 1961-05-22
PIRATES. 13; PHILLIEs, II
PHILADELPHIA
PITTSBURGH
L. 10 IL IL IL

a-Lined out for F. Green in Ath: b
Walked for Witt In Sth; c-Singled for
Labine in 7th; d-Walked for Gonzalez in
7th; e-Flied out for Dalrymple in 7th;
Singled for Buzhardt in 7th; g-Dou.
bled for Face in 9Th; h-Ran for H.
Smith in sth; j. Grounded out for Amaro
in 9th.
Pittsburgh 1IA GA o27
Evening star., 1961-05-22
Second Game
2 CINCINNATI

aSingled for Schmidt in Hh; b.
Singled for Maloney in 9TH; Gran for
Gernert in 7th; d-Singled for Num- in
9TH; E-Grounded out for Zimmerman in
9th.
Milwaukee 900 7ol Ooo-3
Cincinnati 900 900 l0I-2
E-None. PO.A-M Milwaukee 27.25, Gin
cinnati 27-l2. DIP -Adcock, Logan and Ad-
cock. LOB Milwaukee s, Cincinnati 7.
2B-Aaron, Tore, Pinson. HR-Aaron,
Freese
Evening star., 1961-05-22

Totals ~ IL Totals DO4 o
a Ran for Cunningham in 9Th;
b-Walked for Heist in 9Th; c-Fouled
out for Drott In 9TH.
81. Louis ................ 900 900 OIL
Chicago observation-disclosures. 900 900 COO
e Bouchee. Po-A St. Louis 27-1o,
Chicago U-l0. DIP Boyer, Javier and
White. LOB St. Louis 2, Chicago J.
2B Williams, Gibson. 3B White
SchoendienSt.
P n Err BIB so
GIost Gibson Cw' 2" p ! 9 9 y
Sch'f'noth IL. o-2) l7.3 S ) /
Brewer ........... l.3 0 0 o o !
HBP By Schaffernoth CGibson). WP-
Drott }. U = Donatelli, Conlan, Burkhart,
Pelekoudas. T-2:l2. A-ls,222.
Evening star., 1961-05-22
AMERICAN ASSOCIATION
TEXAS LEAGUE

LOUISVILLE, lilo Omaha. 10.
DallaS-Fort Worth, 1917: Indianap-
oils. 6-l0.
Denver, $40; Houston. 3-l1.
Evening star., 1961-05-22

Williamsport, 20: Springfield. 5
Lancaster. 8; Binghamton, /.
Johnstown, l3: Reading. 3.
Evening star., 1961-05-22
SOUTHERN ASSOCIATION

Amarillo, .: AUSTIN, ! 10 innings
San Antonio. s: Victoria, o.
Tulsa. Q; Rio Grande Valley. o.
Evening star., 1961-05-22
ROSECROFT RACEWAY
GRADED SELECTIONS

2 knight Champ IF Safford) -- 6-1
4 Atlas Farvel &c Young. III 6-l
Evening star., 1961-05-22
MILWAUKEE,
CINCINNATI

a-Grounded into force out for SPAIN
in 9TH; bran for Robinson in 7th;
C-Walked for Zimmerman in 9Th; d.
Grounded into force out for Raymond in
9TH; e-Doubled for Chacon in 9TH.
Milwaukee ............... 900 7oI oo3-6
Cincinnati ............... olo 40 ooI-7
E-Mathews, Aaron, Blasingame. PO-
A-Milwaukee = 25-l2, Cincinnati 27-l3. q
out when winning run scored). DP-Bol-
ling, Mcmillan and Adcock. L0B-Mil-
waukee S, Cincinnati 7. 2B-Maye, Bell,
Tore. Robinson. SB-Boiling. Pinson.
IP H r Err BIB so
SPAIN ....6 8 z 8
BasBo%sfy Bas@SnS q, o., 10 ! : : 3 3.
Jay W, 4-0 .9 10 s S a
HBP-By Raymond Robinson). -Venz-
on, Sudol, Dascoh, Secory, Steiner. T.
2:45.
Evening star., 1961-05-22

U-Pelekoudas. Donatelli, Conlan, Burk-
hart. T-3:2o.
Evening star., 1961-03-22
Class | Rolls
Show Deficit
By the Associated Press


Class / railroads had an esti-
mated operating deficit Of So
million In January, the Associa-
ton Of American Railroads re-
ported.
Severe winter weather and
substantially slowed industrial
production were major factors
in the loss.
The reficit this year COM
pared with Class I net income
Of $50 million in January 1860,
and Of $21 million in January,
1859.
Class I railroads are those
having So million or more op-
Grating revenues annually.
The Eastern railroads suf-
fered the greatest losses in jan
uary. Their reports indicated q
deficit Of SO million compared
with earnings Of $12 million In
in January, 1860.
Evening star., 1961-03-22
EAL Commits
S5OONi|Iion
To JET Craft

NEW YORK, Mar. % (AP).-
Eastern Air Lines said yester-
day its commitment in Jet
planes has reached the $500
million mark.
Eastern has II Of Is Douglas
DC 8-Bs in operation. BY early
next year it expects delivery
on the last four Of these units
and on a fleet Of Is Boeing 100
Jets, 1t said in its annual
report.
Ten Of the 72Os viii be owned
by Prudential Life Insurance
Co. and leased to Eastern. The
air carrier is pushing a pro-
gram to replace piston-engined
craft on all trunkline routes.
In addition, Eastern in the
last year has ordered 40 of the
new Boeing 727 tri-Inotor Jets
for use in serving an additional
100 cities on the airline's basic
network in the Eastern half of
the country.
Confirming figures issued
earlier, the annual report de-
tailed 1860 as Eastern's first
deficit operating year in the
last 26.
The company lost $3,6I0,543
equal to $1.12 a share In 1860
compared with net income of
$11. .403,O71 or $3.50 q share in
1859.
The company estimated It
suffered an So million loss in
revenues as the result of a
curtailment in service last June
in a dispute between air line
pilots and Government author
tiles.
Evening star., 1961-03-22
YOUR
MONEYS WORTH
Save on Toxes-VW
BY SYLVIA PORTER

esedrch Institute OF AmericaJ
leral purposes Of convalescence.
In this case, the trip is taken
after the operation has rect
flied the specified ailment, but
it is still medically necessary
to restore the patients general
ell-being.
The Treasury disailowed the
costs Of. such a trip, but the
tax court last year allowed
them as a medical expense de.
duction because they were con-
sidered medically necessary by
the doctor. The fact that the
specified purpose was GONZALES
cence after a serious operation
rather than alienation Of q
specific ailment didn't bar the
deduction.
One warning, though. Unless
and until the Treasury an
nounces agreement with thi,
decision, its agents probably
will continue to knock out de.
ductions for conValescence
trips.
Medical expense deductions
for trips were widened by the
tax court in another area in
1860 when the court held that
If q wife had to accompany her
husband to enable him IL
make a trip which was medi-
cally necessary for him, hel
travelling expenses could also
be treated as part Of her hus-
bands medical expenses. This
Is an important tax help tc
many persons who are too sicl
to take q medically necessary
trip unless the spouse comes
along to assist.
Another court came UP with
q liberal view on the expenses
of a wife who has to accom-.
pany her sick husband. Here
the question arose about tht
husbands business trip, not q
medical trip prescribed for hii
health. The husbands firm
wanted him to travel on busi.
mess, but he was q diabetic who
required q qualified companion
on any of his trips to care fol
him If his diabetes kicked up
His wife knew how to do this
and he therefore took her with
him on business trips. with the
firm paying all trip expenses
for both. The court held that
the firm could deduct all OF
the wife's expense as q busi-
ness expense. And the cost. Of
the wife's trip was not taxable
as income to the couple.
In 1860 too, the Treasury
gave q tax break to couples
who adopt q child and who
often must pay the medical ex-
penses Of the child. 1t reversed
its position that these bills
couldn't be decucted as medi-
cal expenses and now generally
allows them when the bills are
paid directly or through an
adopting agency under an
agreement made before pay
ment.
Tomorrow: Do you get tenn
pOrary Job assignments out Of
town?
distributed 1850. By The Hall Syn
dieate. Inc. All Rights ReserVedo
Evening star., 1961-03-22
TALKLNG of BUSINESS
Fund Deals in PEPCO Stock Only;
Helps Nearly 1000 Buy Shares

example, for 100 shares SELL
ing at $50 apiece would be just
/ per cent Of the $4,000 total
price, or $50.
The Potomac Plan uses q
different approach. II q GUS
toner decided on a goal Of $3,-
600 at the end of five years, he
would pay $50 q month for 60
months, accommodating odd lots
Of stock along the way. This,
of course, involves much more
bookkeeping and red tape, and
he'd pay $270 out Of the $4,000
for sponsor and custodial fees
or 8 per cent.
On the other hand, the Plan
offered q n1ethodical approach
to investment, q psychological
discipline for the individual
who otherwise would never put
aside a dime. It arranged fol
monthly payments--anywhere
from $40 to $25O-and took
care Of all the details from
there. It logged his memory
with monthly notices, and au-
tomatically reinvested his div
idends in more PEPCO stock.
Can Drop Out or Renew
Although customers can dror
out Of the plan II their H.
nanceS get pinched, many an
investor has stuck it out for
five years, then signed UP for
another five. Those who have
stayed with the plan since its
inception have seen PEPCO rise
from $3.50 q share to q re-
cent price Of $42 and its an
nual dividend from 80 cents
q share to $1.44.
Confronted with these fig
ureS, some brokers will admit
that Mr.. Connolly could have
done q lot worse in picking q
single stock for an investment
plan. The Dow-Jones average
Of 80 Industrial stocks, for exc
ample, performed just about
parallel with PEPCO; 1t has
risen 315 per cent from its Au-
gust 1850 low, versus a rise of
800 per cent for PEPCO in the
lsame period.
For Future Funds
What kind Of people sign up
for the single-minded Potomac
lPlan? The usual investor, SAYS
Its originator, is g person who
wants to set up q fund to buy
Q home. send children to col
lege, or make retirement In
vestments.
Some use it as o temporary
haven for cash; one druggist
Isquirreled away his money in
lPEPCO stock, planning to buy
out his employer when the lat
ter retired.
Mr.. Connolly has half-a-
dozen statesmen helping him
promote the plan. The National
Bank Of Washington is the Gus
Itodian for funds.
For many investors unfamil-
lar with Wall Street, Mr.. Con-
nolly's program has the same
appeal Of mutual funds, even
though its portfolio carries only
one name.
IF 1t weren't for you," they
tell him, wed never own q
share of stock"
Evening star., 1961-03-22
By TRUMAN r. TEMPLE
star staff writer

An almost unique variation
on the investment fund idea is
located here in Washington.
Like q mutual fund, it charges
for its serVices-9.1 per cent
down to Ala per cent. including
custodial fees - on the total
sum the client plans to invest.
But it's a one-track affair.
It buys only common stock Of
the Potomac Electric Power
Co. It has attracted thou
sands Of customers over the last
decade.
Its name is the Potomac
Plan, operated by the Capital
Reserve Corp. at 1346 Connecti-
cut avenue NV.
1900 Participants
Since it was set up, nearly
1000 persons have participated
in the Plan. According to the
corporation. they have accu-
mulated more than 100000
shares Of PEPCO stock this
way, at a total cost of less than
$3.5 million. Assuming they all
hung on to it-and some sold
out along the way-the stock
at the current market would
be worth about $6.4 million.
The Potomac Plan is COM
pletely divorced from the util-
ity company. It's the BRAIN
child Of q veteran broker,
Charles r. Connolly, president
Of Capital Reserve, who frank
" admits he got the idea while
working on Uncle Sans bond
program during World War II.
Helped Personnel Save
A former vice president of
Gillet g. Co., Baltimore invest
ment house, and subsequently
vice president and partner in
Mcknew Fairfax % Co. here,
Mr.. Connolly was tapped dur
ing the war to help run the
monthly pay deduction scheme
for bonds bought by military
department personnel.
The plan worked so well in
ENCOURAGING regular saving
that 1t. Col. Connolly began
pondering how to apply it to
other securities.
He got his chance after the
war when shares Of PEPCO
were released to the public for
the first time by the North
American Co., . holding COM
pany.
when I saw this stock
coming out" he related, "I
asked myself: What II q man
Evening star., 1961-03-22

Please enroll me as a
Trial subscriber to your
, Investment Service and
send me your complete
service for the next 30
days, including the Model
Portfolio, Oyer.the-C Counter
! tocka, and Growth Stock
: LIST. Also send me 'i5I
: STOCKS LIKELY 70
SPLIT IN 1861. !" I en-.
close 81 TO help cover
postage ana handling
eharges.
Evening star., 1961-03-22

would buy into it at 81 a day,
so that ultimately his dividends
would exceed his monthly light
bill?"
Friends skeptical
Friends in the investment
fraternity were skeptical,
(Some still shudder at the
thought of putting SO many
eggs in one hasket.9 They
argued that as q conservative
solid utility, PEpCO stock
might have an unspectacular
growth potential = just steady
dividends.
And brokers who are mem
bers Of the New York Stock
Exchange point out that q
customer today can buy any
listed stock through the Ex-
changes Monthly Investment
Plan. NIP. begun in 1856 as
an answer to the mutuals,
works much the same way as
the Potomac Plan and handles
sums as little as $40 every three
months. up to . maximum Of
$1,000 q month.
To be sure, no one doubted
PEPCO's stability and value as
q sound investment. 1t had paid
dividends since 1904.
Mr.. Connolly liked its con.
servative nature. He also was
interested in the fact that q
local stockholder could keep
an eye on his investment, and
the forecasts of area popula-
ton growth and mounting use
of electric power per home in.
trigued him.
The answer was the Poto.
mac Plan, launched in August
1850.
MethOdical Approach
The Plan wasn't for the do.
it-yourself investor. A mar
who had the self-disciplinS
and savvy to accumulate say.
ings on his own could buy q
round lot Tin 1O0-share guam.
tities) Of PEPCO on the mar.
ket at less expense.
The usual brokers fee, fol