davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-04-11
AS&T Deposits
3 Pct. Above 1860

Deposits of American Secur-
ity & Trust Co. are running 8.3
per cent ahead of a year ago,
while loans and discounts are
up SIS per cent and assets are
9.3 per cent higher, the quar-
terly statement showed today.
Deposits aggregated $345, ,379,-
026 on March 81, compared
with a record $355, 371,318 last
December 81 were ahead of
$318,657,745 on March 81 last
year.
Net loans and discounts to-
tailed $179,011 $50 on March 81,
compared with $187 ,229,210 on
December 81 and $169,696,752
at the end of March last year.
Assets totaled 1881 1,515,425 on
March 81 VS.. 1891 ,498, 1865 three
months earlier and 1898, ,204
a year ago.
Evening star., 1961-04-11

NEW YORK, April IL (AP).-
Madison avenue rippled in in
dignation today over criticism
from Under Secretary of State
Chester Bowles-who made a
fortune in advertising before
quitting for public life.
Advertising and public life
are a million miles apart" said
Mr.. BowleS on a television pro-
CRANE. II didn't learn any
thing out of it ever to help me
with government at all. -"
Said a top executive of the
j. Walter Thompson Co.: 81
don't think he knows what he's
talking about" Several others
expressed similar views.
Most of the men in the flan-
mel suits just seethed and
issued replies as simple as that
reported by a secretary of Mar
ion Harper, president of Nc
Cam Erickson:
Evening star., 1961-04-11

lines of bills introduced by him
self and Representative Keogh,
Democrat of New York.
He proposed a five-year write
off depreciation reform and
said this would allow a taxpayer
to select any period of deprecia-
ton, so long as it is not less
than five years on new ma
chinery purchased after De-
cember 81, 1860. The minimum
period is three years on used
equipment, which is two years
old.
Senator SmatherS lashed out
at a proposed tax-credit plan,
under which he understands
would be given a tax credit for
investment in plant and equip
ment in excess of their depre-
ciation allowance.
He called the tax-credit
plan a type of subsidy" and
charged that the proposal will
surely be attacked in the fu-
ture on this ground"
Whether it is intended to be
permanent or not, he added,
Its very nature makes it so
vulnerable to the charge that
it is a handout or a giveaway
that no reliance can be placed
on its continuance" he con-
tinued.
The Florida Senator called
the differences between a tax
credit plan and depreciation
reform fundamental and seri-
OILS"
Evening star., 1961-04-11
Madison Avenue RiIed
By BowIes' Criticism

Il just sent a card into him
He has no comment"
Others commented with
fortnight clarity.
Said an executive of one of
the best known advertising
firms in America: I'VE don't
want to dignity the thing
There's no use in perpetuating
it."
And Benton & Bowles
which the under secretary CO.
founded. felt obliged to issue a
formal statement.
''Mr. BowleS," it said. should
be reminded that advertising
like politics itself, has under
gone a revolution since he left
the industry 20 years ago."
Another Benton & Bowles
spokesman noted the company's
billings have risen more than
1000 per cent since Mr.. Bowles
left in 1941.
Evening star., 1961-04-11
BY SYLVIA PORTER

Others are literary gems which
even the lofty New Yorker"
magazine has deemed worthy
of exhaustive comment. Still
others are flash bulletins sent
out by brokerage firms urging
immediate buying or selling of
individual issues.
Is this boom a good develop
ment? Assuming the reports
are issued in good faith by
responsible analysts, of course
it is. The reports do give in
veStorS and would-be investors
information and judgmen
they'd find it hard to get
otherwise. They do give cor
porations an opportunity to
publiciZe facts that couldn't
practically be included in
regular annual reports.
Dangers Stressed
But, as always, the danger
lies in the rotten fringe. With
interest in the stock market
at an unprecedented peak, ir-
responsible advisers" can take
advantage of the reports to
tout stocks. There is no deny
ing that many of the ads OF
the so-called "counSelors" are
in appalling bad taste, encour-
age reckless gambling by those
least able to afford the risks
are misleading if not downright
fraudulent.
And while past surveys have
indicated that even the most
respected stock market letters
do not influence market trends
as a whole, they do at least
temporarily set off sharp price
fluctuations - thereby opening
obvious opportunities to fast
buck operators. The racketeer-
ing minority in the investment
advisory field may be only a
tiny minority but it should not
exist at all and it can smirch
the entire industry.
With so many millions in
the stock market and so many
jumping in for the first time,
this area of vulnerability is
clear.
1t is in full awareness of
this that the SEC is proposing
its breakdown and the New
York Stock Exchange is polio
ing its own members. Ali they
really want is to keep the boom
in advice thriving and sound.
distributed 1851 by The Hall
Syndicate, Inc. All Rights Reserved
Evening star., 1961-04-11

address. The conference will
start with a banquet on Thurs
day, April 20.
Eugene Thore, vice preSi-
dent and general counsel of the
Life Insurance Association of
America, will be among the
major speakers at the sessions.
Special panel discussions also
are scheduled.
Mr.. DeOrSey is a native of
Washington and joined Pacific
Mutual in 1854 shortly after
graduation from Notre Dame.
Consistently an outstanding
producer, he ranked first also
in 1857 and was among the
top 10 in five other years.
; He is a life and qualifying
member of the Million Dollar
Round Table and has won a
National Quality Award for
three years.
Evening star., 1961-04-11
Pacific Mutual Plans
Honors for DeOrsey

Pacific Mutual Life Insur-
ance Co. will hold its annual
three-day conference of top
sales representatives at the
Shoreham Hotel next week and
will honor Robert P. DeOrsey
of Washington as its leading
agent of the year.
Mr.. DeOrsey will preside at
the conference as president of
the company's sales honor
group and will give a major
Evening star., 1961-04-11
Mutual of New York
Pays So Million Here

Mutual Life Insurance Co. of
New York paid out $3,149,000
of insurance benefits to District
OF Columbia residents in 1860,
the company announced today.
1t reported that 52.6 per cent
OF the total represented living
benefits such as annuities, en-
dowments, dividends, surrender
values and disability and health
benefits.
The company's investments
in the District rose to $780,
700 at the years end and it had
$78,833,308 of individual and
group life insurance in force
here.
Evening star., 1961-04-11
Olmsted to Speak
To Casualty Group

Maj. Gen. George Olmstead,
USAR (retired), president of
Financial General Corp, will
address the District Association
of Insurance Agents at a May
flower Hotel luncheon Friday
noon.
In his appearance before the
casualty insurance group, Gen.
Olmsted will discuss prospects
for the local agent.
Evening star., 1961-04-11
Prudential Makes
S1,785, 900 Loan

Prudential Insurance Co. has
arranged S1.785,O00 of perma-
nent financing for a 276-unit
apartment development, Park
lands VII, at Savannah street
and Savannah terrace Sc.
This was announced by CAL
vim Cafritz, president, and Car
ter Cafritz, vice president, of
ParklandS VII, building and
owner of the garden-type prof.
ect.
The Parklands VII project
will complete the huge Park
lands development, with 13 ad-
ditional buildings. 1t will in
crease the total development
to 146 buildings housing almost
1000 families.
Evening star., 1961-04-11
YOUR
MONEYS WORTH
Boom Advice

Of all the booms in Wall
Street, one of the biggest is
the boom in stock market
advice.
Never has there been any,
thing approaching the out
pouring of words on the stock
market and on individual
stocks as is coming today from
brokerage firms and from or
ganizaitons which are only in
the business of offering invest
ment advice for a fee. Never
before has there also been SC
much concern about the stand
ards of those selling advice.
In fact, the bull market ir
words has now reached the
point where it is coming in
for intense scrutiny by the Ma.
tion's regulatory agencies. The
New York Stock Exchange has
for years spot-checked stock
reports put out by its member
firms to make sure they con-
form to standards of truth.
fullnesS and good taste" The
New York Attorney General.
office, under a 1860 law, now
demands the annual registra.
ton of all agencies and indi-
vidualS within New York State
which circulate market letters
stock tips, other information
on stocks, and it has begun
investigations of some it be.
lieves are Violating the law.
Now the Securities & Ex,
change Commission is propos
ing a stiff curb on all COM
panies and individuals who sci
or collect fees for investmen
advice and it is particular,
proposing a clamp-down or
advertisements which may bt
fraudulent, deceptive or mani.
pulative."
Proportions Astounding
If you're one of America.
IS million owners of stocks OF
one of the 35 million on the
threshold of investing, it's 6
virtual certainty you're on one
or more lists to receive stock
market letters and you have
been exposed to the ads by
investment advisers which the
SEC is proposing to condemn
as illegal-you hardly coulc
have escaped. But even expert.
may be astounded at the pro-
portions of the word boom.
It's estimated that over So.
900 stock market letters are
now being sent out each yeal
by members of the New Yorl
Stock Exchange alone. The
1900 investment advisers who
are registered with the SEC
Of which about 600 are in New
York - are issuing additional
tens of thousands of report.
containing hundreds of thou.
sands Of words and charging
prices ranging from 81 to sew.
eral hundreds of dollars for the
services. Other financial firm.
are pouring out thousands Of
reports too.
Some of the letters are one
to four-page affairs which
discuss the stock market ir
general, recommend purchase
or sale of specific stocks. Some
are deep-down, sober analyse.
of industries and representa-.
tive stocks in the industries
Evening star., 1961-04-11
Testing Sites Studied
By Atlantic Research

Atlantic Research Corp. of
Alexandria confirmed today
that it is looking for additional
land in Virginia as a testing
site if given the go-ahead by
the Pentagon.
One site under study is II 900
acres. A company spokesman
said this is the order of magni-
tude for sites being examined.
The search has been under
way for more than a year, but
the purchase still hinges on the
Defense Department contracts.
The company declined to
give details of the programs.
Evening star., 1961-04-11
BUSINESS
BRIEFS

Business Failures in the week
ended April 8 totaled 343 COM
pared with $50 in the previous
week and 333 in the like week
a year ago.-Dun & BradStreet.
Class i Railroads had an esti-
mated deficit of $40 in million
in February compared with a
deficit of 81 million in January
and net income of $25 million
in February, 1960.-ASsn. of
American Railroads.
F. w. WOOlwOrth Co. March
sales totaled $80,668,285, up
l2.l per cent from 1860; for 8
months $2O5, 5,423,777, up IA per
cent from 1860.
Winn-Dixie Stores, Inc. sales
in 4 weeks ended April / totaled
$60,572, ,460, up so per cent
from 1860; for 40 weeks ended
April l $578,1 ,694, up a. per
cent from 1860.
Edison Bros. Stores, Inc,
March sales totaled $14,813,578.
up 52.8 from 1860; for 3 months
$29, .668, up 21.3 from 1860.
Earnings
Creole Petroleum Corp. in
year ended December 81 earned
$204, ,983.019, or 1884 a share,
VS.. $200,332,845, or $2.58, in
1859.
Hearst Cons. Pubs. in year
ended December 81 had a loss
of $6,461 1896 VS.. a loss of ST.
402,580 in 1859.
Consolidated Foods in SO
weeks ended March IL earned
$4.480,07O, or $1.33 a share, VS..
$4,653,475, or $1.40. in 1860
period.
Hotel Corp. Of Am. in year
ended December 81 earned
$92,714 VS.. $207,49S, or 3 cents
a share, in 1859.
Mission Development Co. in
year December 81 had a loss of
$53.345 VS.. a loss Of $58,181 in
1869.
Other earnings included:
1860 1859
Magnavox - S6,533.O0O $4,679.45s
Per share 276 90
Canad Petro l,03l. Asa l,376475
Per share 0l6 Oo3
Evening star., 1961-04-11

Install new Great Bear Hot n Cold Water
Cooler and your office has permanent re-
freshment center that cuts coffee break costs
5O%! Saves time and money for both COM
pany and employees. Serves both hot and
cold water for quick, delicious drinks-coffee,
tea, soup, hot chocolate, cold beverages-aI
supplied for less than II serving.
Many types to choose from: Pressure, Bottle,
Compartment and Hot n Cold models avail
abe Rent for only pennies-a-day with free
service. Or buy with our exclusive guarantee.
Evening star., 1961-04-11
Rute on 9l-Doy Bills
OFF Slightly in Week
BY the Associated Press

by IHe hsSUcIHIeu FItsB
The Governments short
term borrowing costs fell with
yesterdays weekly offering OF
Treasury bills.
On $l.l billion of 91-day bills
the average yield was 1850 per
cent. Last weeks rate was 2.470
per cent.
Bids for the $500 million of
183-day bills averaged 1855 per
cent. The rate a week ago was
1858 per cent.
Evening star., 1961-04-11
Depreciation Bill
Urged by Smothers,
Tax Credits Opposed
By DONALD B. HADLEY
Star Financial Editor

Senator Smathers today sounded call support of
depreciation liberalization rather than tax-credt plan
business.
In letter to c. Douglas Dillon, Treasury Secretary
Florida Democrat urged liberalization depreciation along
Evening star., 1961-04-11
OVER COUNTER

Following prices furnished by the Ma
tional Association OF Securities Dealers
in Washington represent the range
within which locally active securities
could have been bought or sold at
L pm. Tuesday. April IL:
Evening star., 1961-04-11
TREASURY BONDS

NEW YORK (AP)- Noon over the coun-
ter u. S. Government Treasury bonds,
bid. asked, net change and yield for
Evening star., 1961-04-11
MUTUAL FUNDS

T-Partially tax exempt.
Evening star., 1961-06-18
HELP WOMEN
HOSTESS

Must be thoroughly experienced in
greeting. and seating; this is an
excellent Job for right party.
BENNY'S TAVERN. S29 14th st..
Evening star., 1961-06-18
SECRETARIES

Mature. Pref. Experienced
TYPISTS, ELEC., $50
.STENOs. -sFcYs. S75-sa5
INFO. CLKS.. III a.m. S55
'KEYPUNcH OPERS. S32O
SOME FEES PAID
Evening star., 1961-06-18
Silver Spring

HAGGERTY EMPL. I.''
e1s Ellsworth DR.. JU. S-6464
OPPOSITE HECHT'S Sill. SPRING
BLOCK FROM BUS TERMINAL
SILVER SPRING
Evening star., 1961-06-18
NA'NASN AAA 70
MORE ATLAS JORS
elk. -typists. many S7O-SS5 5
OPEN TO 8 PM. THURSDAYS
ATLAS AGENCY

1920 NY. Ave. NV. RE. 7-5767
ACCTG. BKKPR. elk. to S275
H. S. grad. white, good with fig
ureS; some REQ. typing. 1880
w.p.m., future.
ANALYST WRITER st. S32O
Policy holder service, . yrs. col
lege andLor good general bus. ex-
Evening star., 1961-06-18
5OME FEES PAID
GREEN'S EMPI.

73s 18th st. NV. DI. 7-s437
ACCTS. (2) to $1,000
Govt. contracts exper. necessary
BkSprs., 90. small firms SIS, 200
Bkkpr.. assn. dntn. S4, 500
lBM elk. knowl. bkkpR. to S95
Asst. bkkprs.. s. s.. dntn.. to $50
- NH~NYN ~-~@
Evening star., 1961-06-18
MEDICAL
TECHNICIAN
NIGHT CLERICAL
STATLER HILTON HOTEL

10th and K ST. NV.
NURSES. REGISTERED, with recent
experience for adult medicine and
pediatric departments Of expands
ing out-patient clinic in D. c.;
4O-hour week, liberal vacation
leave, sick leave benefits includ-
ing comprehensive medical and
Republication coverage for self
and dependents, insurance and
retirement plan. Beginning salary,
$500 year, provisions for ins
creaSeS. EX. 3-56lO
Evening star., 1961-06-18
POTOMAC EMPI,

POTOMAC EMPL.
s3 S3$4 KIns Wilson Il Blvd liz Arl "a sSe9 $4,000
104 E. Broad. Falls Ch.. JE. 2-7272
BOoKKEEPER- sECYS., white, 5
man, to 40 years, RECEIPT. duties;
immediate. v. WOOD PER-
SONNEL, S05 18th st. NV. at H,
Southern Bldg, Suite 800. DI.
1882.
BUDGET SHORTAGE? AVON has
the answerl You can average So
81 per hr. near home. DI. 7-0221.
Evening star., 1961-06-18

Basic knowledge OF private secretary
duties and ability to exercise good
judgment in dealing with working
colleagues, and subordinateS.
Evening star., 1961-06-18

PARTIAL LISTING ONLY
EMPIRE EMPL. 1925 Conn. NV.
Room ZOE ST, 3-7725
Elevator l at Extreme Left
ADM .-SECYS. (2) $4,000
CAP. HILL REPUBLICAN $4,000
STENO., LEGISLATIVE 5000
SECY., ELECTRONICS, S., 200
RECEIPT, NO SHORTHAND 81 500
SECY., STOCK BROKER 81 $50
SECRETARY. UNION $4,000
HAND - $4,000
CLK.-TYPISTS, SEV. to $4,000
Evening star., 1961-06-18
HELP WOMEN
ADMIN. N..sEcYs.. Rhite. h

ADMIN. -SECYs., white. to 40 yrs.
for one man, good skills. $500
$4,000 to start. s days. Note
Some with rusty shhd. but knowl
bkkpg v. WOOD PERSONNEL,
sos 18th ST. NV. at H, Southern
Bldg, Suite 303. DI. 7-5752.
AnAHIM CENX cE Enn
Evening star., 1961-06-18
HELP WOMEN
CREDIT MANAGER

Refined woman with retail back
ground to take charge of office in
excellent area; eXper. on Rem.
Rand. machine and credit. Hosp,
5la-day wk. Reply Box 109-Y,
Evening star., 1961-06-18
HELP WON EN-

ACCOUNTANT, recent graduate.
.B.C.S. or similar degree; Complete
fringe benefits: downtown ioca-
ton: interviews at $50 Wash.
Bldg, EX. 3-2505.
AcCTG. CLERK, FEE PATD-S325
Evening star., 1961-06-18
HELP WOMEN
(cONIINUEpl
ACCTG. CLERK

Excel. future for young lady who
tude for figures. Excel. loc. So, 400.
Evening star., 1961-06-18
BEGGS

PERSONNEL. ME. S-4s77
$40 TRANSFORMATION BLDG.
ADM. SECYS.-------$5,4OC
SECRETARY $95
Work for man, average shhd.,
to 30 yrs.
SECRETARY st, S95
Knowl. shhd., current top clearance
RECEIPT. SECY.- 500
Average shhd., small office.
LAB. TECH $92.3O
Certified: large co.
.DICTAPHONE SECY.- $40
JR. SECRETARY SIS
WIN train, shorthand nee.
CLERK-TYPIST - $55-$75
ASSOCIATED
PERSONNEL SERVICE
1927 K St. NV. ST. 3-6520
Evening star., 1961-05-04
DEAR ABBY
Food for Thought Here!.
BY ABIGAIL VAN BUREN,

law. When my husband was
in Germany for a year he
bought a complete dinner set.
It. cost almost 500. He gave
it to his mother, not think
ing of the sweetheart he
would meet one day.
Then he met me. I was
invited to his home for din
ner many times. His mother
would never use that dinner
set. I always thought she
was saving 1t for me, because
I mentioned how much I
liked 1t.
When I married, she still
didn't give 1t to me. Now
she Is dead and the dinner
set is in the home of my
husbands sister. I don't
know how she got it. but it
is there. I think that since
it was bought with my hus-
bands money, I should have
the set. How can I get it
without appearing grasping?
NOT GRASPING.
If you are "NOt Grasping,"
l don't know how better to
describe your attitude. Your
husband bought this set for
his mother. Had she wanted
Evening star., 1961-05-04
FAMOUS FABLES
By E. E. EDGAR

REPUTATION: Few law
yerS cared to cross swords
with Attorney Clarence Dar-
row. whose reputation was
awesome, reports Alan Hynd.
in Defenders Of the.
Damned"
"One time a man walked
into Darrow's office and
asked him to take a case
against a public utilities COM
pany. The man had been in-.
jured by falling debris. Dar-.
row. in the offhand way he
had, Scribbled some notes
about the case on a piece Of
paper and stuffed the paper
in his pocket.
"Some weeks later, the
public utilities company sent
Darrow a letter saying they
we're willing to settle with Mr..
so-and-so for such-and-such
a sum.
'Darrow was mystified.
Then he recalled the man
who had been in his office
some weeks earlier.
"'Good heavens!'" he ex-
claimed. Il never got around
to doing anything about that
case. I wonder what hap
pened?'
What had happened was
that the litigant had phoned
the company right after see.
ing Darrow, informing it that
Darrow was on the case. The
company's lawyers. constru-
ing Darrow's silence TO mean
that he was up to something
had decided to offer him o
settlement"
Evening star., 1961-05-04

you to have 1t, she would
have given it to you, or made
provisions for your having It
eventually. Quit cOveting,
and use your energies for
more important things.
&& -
DEAR ABBY: I am an
Alaskan girl. You have such
a witty way of setting ad-
vice for teens" on paper. In
your chapter How Late Is
Late" I was glad you didn't
say BE in before dark" be-
cause in Alaska dark" Is 8
pm. during the winter
months and 3 am. in the
summer. ALASKA LASS.
Yes, Abby tDtH GnSiDer your
letter personally IT you Drite
to Abby in care OF The Eve-
ming Star and incloSe a
stamped, Seu-dddreSsed en-
Uelope.
Getting married? For
Abby's booklet, "HoD to Haze
a Locely Wedding" send so
cents to Abby. Boz 1865.
Beverly Hills, Calf.
Evening star., 1961-05-04
THE GOLDEN YEARS
Should Lonely Lady
Retire Premoture|y?

safe, clinging to the weekly
pay to the end of the string,
taking the full pension and
social security. and hoping
1t is not too late to live
some more.
Rebellion can make us
buns. Any bold moves to
scratch the itch in our
hearts, and the utility COM
pany will cut off the gas.
Still, it's only one life I.
So, for the business lady
and for the others whose
hair turns gray, the ques-
tion Of whether to quit the.
race before the end comes
to personal courage. .
I have never seen or known
a person who voluntarily re-.
tired prematurely and re-
gretted it. My feeling is that
the person who has the cour-
age to quit early and ven-
ture forth to a free life also
has the stuff to get by in
the LIDO ot-know-what.
Therefore, for the business,
woman and for others like,
her I would suggest this: A
new approach to people, since
the old approach left loneli-
ness: a new design for living
based on values different.
from those of the past: a.
blueprint for tomorrow and
next autumn; an unobtru-'
sive exit from the job and
the neighborhood friends:
and a train ticket. ~
tcopyriEht, 1851, Gen. Features Corp. }
-
The Golden Yeors oppeors eoch
Evening star., 1961-05-04
How to
STOP KILLING
YOURSELF
Abnormal Blood Count
By DR.. PETER J. srEINcRoHN

Dear DR.. Steincrohn: I
read your column every day
and I have faith in you.
Please answer soon as I am
desperate. I am afraid to go
anywhere as I am afraid
something is wrong with me.
I am 33. What started 1t
all was q blood count taken
when I went to the doctor
for my nervousness. The
white count was 10000, but
my doctor said there was
nothing to worry about.
Then someone told me it
was q dread disease. (You
know which one l mean. It
begins with IL don't even
want to spell it outD
The next count l had was
normal. My blood pressure
Is low. I was told by this
friend that this goes with
the bad blood condition.
Now I think about myself
all the time, 1 can't stand
the fear. My doctor tells me
nothing is wrong. He took
X-rays and made other ex-
aminations and told me I'm
healthier than most people.
Mr.. F., Florida.
FACE 1T. Leukemia is
what you dread. I don't
blame you for being appre-
hensive. But why worry over
what you haven't got? Your
own doctor has assured you
that you are healthy. You
say you have faith in me?
Then prove it is not mis-
placed by believing me when
I say that a white count
Of 10000 Is within the nor
NAL range.
A $4,000 count is usually
considered the normal limit.
But inform your non-medi-
cal friend who has fright
ened you, that the white
count can rise a few thou
sand after q heavy meal.
The choice is yours. To 90
through the rest Of your life
unduly frightened and un-
happy. or to perk up and
get some fun out Of life.
Have faith in your own
doctor.
- ASH
Dear DR.. Steincrohn: AZ
ter extensive tests my doctor
has diagnosed my ailment as