Evening star., 1961-04-13


area observance of Invest in Ar
Public education and a cru
can solve the problem of raising
additional capital to meet the
growth needs of the Nation said
speakers at the dinner meeting
at Columbia Country Club.
George M. Ferris, ST., of Fer
ris & Co., area chairman for
the week, said a nationwide
observance in 244 cities will
seek to emphasize two basic
messages to the American peo-
pie: % That every American is
an investor in jobs, savings,
homes, insurance and securities,
whether he is rich or poor, and
(2) Every American is a part
nef in a vast free enterprise
system if he owns or is buying
his own home, has a savings
account, has insurance, owns
stocks or bonds. an automobile
or other tangible property.
More Jobs Required
Robert V. Fleming. board
chairman of the Riggs National
Bank, who was chairman for
the first annual observance in
this area back in 1866. recalled
that in that year only about
SIS cities of the Nation joined
in the program. He pointed to
the participation of 244 this
year.
As the Nations population
grows. more jobs must be fur
nished and this will require
large amounts of new capital.
he declared.
Senator Wiley, Republican of
Wisconsin, who has introduced
legislation proposing a presl-
Dental proclamation for Invest
in America Week, praised Mr.
Fqeming's long interest in the
annual observance and pre-
sented a plaque from the
Washington chapter to Mr..
Fleming.
Senator Wiley, who has been
one of leaders in the national
qioyement, said American ideals
as well as economic progress
are at stake in the crusade for
Invest in America.
Il Keeps Nation Strong
investment keeps America
strong he declared. The
number one task facing our
Nations leaders and your coun-
try's legislators today is the
preservation of peace with
justice in the world. Although
other issues may seem of prime
Importance, they are inSignifi-
cant compared with the ulti-
mate question of national sur
vival.
LAS a ranking member of the
Senate Foreign Relations Com
n1ittee, 1 am highly aware of
the challenge posed by the
lnsidiouS advance of commu-
nism and the urgent necessity
for keeping our country strong
IN order that we may possess
The means for maintaining an
sffective deterrent to military
aggression by those who would
enSlave the peoples of a free
world.
Investments in our free
enterprise system represent the
hfeblood of our economy, and
the capital investment for new
enterprise can be provided by
the savings of the American
people" he added.
- 13 Million Investors
81 have been pleased to learn
that around 13 million Ameri-
cans own shares in Americas
future by possessing shares in
public corporations, an increase
OF about three-quarters of a
million every year since 1858.
These citizens represent a
broad cross-section of the pub
DC and they receive we'll over
$500 million in distributed divi-
dendS in the year 1860 alone"
John c. Pyles, jr., president
Of the Metropolitan Washing
son Board of Trade urged all
businessmen of the area to give
support to the observance here.
The educational program will
include promotion in news
papers, radio and television
stations, posters, speakers be-
fore many organizations and
other activities. Mr.. Pyles is a
senior vice president of Riggs
National.
Rudolph Vogler, jr., of Phila-
delphia, secretary of the exec
utive committee for national
observance of the week, de-
scribed the steady growth OF
the program. Public education
On investments and their rela-
non to jobs and the general