davidaulloa/AmericanStories huggingface dataset:
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

come. According to financial ex-
perts, the taxes would cause heavy
selling pressure which would Sc
riously depress the value Of both
stocks. Accordingly, Dupont will
file a proposed judgment with the
u. S. District Court in Chicago by
September 5 permitting flexibil-
ity in methods of divesting so as
to minimize the economic loss" to
DUPONT stockholders.
Dupont is studying a combina-
ton of methods, Mr.. Greenewalt
said, such as offers to exchange
General Motors shares for DUPONT
common and preferred stock,
which stock would then be re-
tired; distribution of General
Motors shares in lieu of cash as a
portion of DuPont's common stock
dividends; and sales by DUPONT of
General Motors shares.
He warned, however, that the
total effect would be a substantial
increase in the market supply of
General Motors stock over a 10
wear period. Financial experts
have estimated, he said, that this
could depress the market value of
the 285 million shares of General
Motors stock by 81 billion to$2
billion, a loss that would be felt
by nearly $4,000 General Motors
stockholders as we'll as by DUPONT
stockholders.
The proposed legislation would
treat stock distributed under an
antitrust order simply as a return
Of capital to individual stockhold-
ers.
The effect of this would be that
IN computing costs for capital
gains taxes upon future sale, the
market value of the General
Motors stock would be substracted
from the stockholders original
cost of DUPONT shares. If the
value of the General Motors stock
exceeded the cost of the DUPONT
stock. the new basis would be re-
duced to zero and the stockhold-
er would become Immediately Ii
able for capital gains tax, at a
rate of not more than Is per cent,
on the amount of the excess.
IF Congress approves this legis-
lation." Mr.. Greenewalt told the
stockholders, "the Dupont Com
pany could distribute GIN shares
to you without the market con-
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18
Test Soil Now
For Lime Need

Soil tests taken now will tell you
ii your soil needs lime to help it's
productivity, reports Acting Coun-
ty Agent, Jerry Cole. He suggests
sampling fields to be sown to
small grains or forage crops be-
cause there's still time to put lime
on.
Sample sod land, too, particular
ly fields that are to be plowed
next spring. If lime is needed, get
it on this summer or fall.
MIR. Cole says lime benefits soils
and crops in several important
ways it supplies calcium which
is essential to all crops and especi-
ally to legumes; it helps feed bene-
fetal soil bacteria and establishes
a chemical balance that favors the
uptake of phosphate from supplies
already in the soil and phosphate
added in commercial fertilizer.
One important thing to remem-
Der is that lime is not a sub
stitute for fertilizer, good seed and
timely planting. 1t is simply the
first step. Mr.. Cole says it should
be teamed up with fertilizer con-
tanning essential plant nutrients as
indicated by soil tests, to give the
best long range, crop-boosting re-
suits.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18
CreenewuIt Fuvors Plan
Of Stock Divestiture
Offered BY Williams

Crawford III. Greenewalt, presi-
dent of the Dupont Company, said
this week that legislation pending
in Congress would permit divesti-
ture of the company's 63 million
shares of General Motors stock
without serious market consequent
ces, without loss of revenue to the
Government and in a five-year
period rather than the 10 years
prescribed by the Supreme Court.
In a letter to the company's
more than 100000 stockholders,
Mr.. Greenewalt said that when the
House Ways and Means Com
mittee holds hearings he will tes-
tify in support of H.R. $3.50 and
S.2266 ''as a substantial improve
ment for individual stockholders
over existing law"
HR $3.50 was introduced by
Representative Noah NJ Mason
(R., Ill) and it's companion
measure in the Senate, S.2266, is
sponsored by Senators John j.
Williams (R., DELI and Wallace
F. Bennett (R., Utah).
Mr. Greenewalt said that, in the
absence of legislation, DUPONT is
considering a number of methods
for disposition of the stock which
it is estimated would yield $3.50
million in taxes over a 10-year
period. but would create selling
pressures inevitable under pres
ent law" which could depress the
value of the 2S5 million outstand-
ing General Motors shares by 81
billion to 81 billion.
Enactment Of the proposed leg
islation, he said, would permit dis
tribution Of the shares to Dupont
stockholders, who would be sub
ject to $3.50 in capital gains taxes
over a five-year period, but would
avoid serious market consequent
ces.
To distribute the stock to share
holders under present law would
be prohibitive," both in tax and
market consequences, he said.
Stock distributed would be tax
able to individual stockholders not
as capital gain but as current in
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

ENkULl DAY Or EVENING
CLASSES
Evening Glasses Start September 18th -.
Day Glasses Start September 18th ......
Open Every Day - Including Saturdays
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18
IVY League Cridders
Foee soph Competition

II early appraisals by the eight
IVY League football coaches are
sorrect, many a loop veteran will
W looking over his shoulder from
"e opening session of the 1861
iootoail training season. The cause
vi THIS apprehension is the pro-
nrotion to varsity level of a group
OF talented sophomores, many of
wnom should be we'll known to
IVY stadia clientele before the up
coming season is many weeks old.
Backs and ends are in abundance
among the varsity newcomers this
Iaii. Three quarterback candidates
are expected to gain notice early
Iney are Columbia's Len DeFiore,
clever ball handler, adequate
passer, and capable runner; Cor
neils Gary Wood. one of the best
runners on the Big Red squad and
expected to see lot Of game ac-
non; and Harvard's Bill Humenuk
who hurled six touchdown passes
TOT the Crimson freshmen last fall.
Yale and Princeton boast soph-
omore backs with outstanding
speed. The Ellis look to Dick Berk
and Stan Thomas to give them the
fastest duo of halfbacks since AL
Ward and Denny McGill. Tiger
taiiback candidates Hugh MacMil-
IAN and Pete Porietis could turn
out to be able requirements for
the departed Hugh Scott and Silky
Sullivan.
Pennsylvania expects o h n n y
Owens to team with senior Por
Shreve in a devastating tailback
combination and Dartmouth re-
CARDS 15O-pound halfback Chris
Vancura the most d a ng erou S
breakaway back in recent Big
Green annals. At Brown, two fine
all-around wingbacks will be NOV
ing up in the persons of Tom
Draper of Milford, Del. and Bill
Lemire.
Sophomore ends are also plenti-
full. Cornell looks to Bill Pioneer
for help at the flanks and also
comes up with Pete GOgOlak, the
former Hungarian soccer player
who can boot field goals from forty
yards away. Tom Stephenson at
Harvard. Bill Howard at Prince
ton. Chuck Greer at Dartmouth,
and John Packard at Penn bid
fair to force their way into start
ing roles this season.
Though all the Ivies seem to
be short of sophomore strength a.
mOng the interior hnemen, Dart
mouth is looking for big things
from 230-pOund tackle named
Dale Runge, biggest lineman at
Hanover in several years.
These are names which the eight
Ivy coaches expect to be in the
headlines for the next three years:
most of them should be pretty well
known before the 1861 season is
too far along.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

my customer list is growing stead
lily and very fast. Now. in looking
back. often wonder why. at the
beginning. hesitated in enrolling in
the Del-Mar-Va Beauty Academy.
But I'm glad now that l took the
course. believe l have been given
the finest training under the expert
guidance of Mamie Scott. of the Scott
Beauty Schools. AS you know. Mamie
Scott is an internationally known
hairstylist and teacher. believe the
quality of my work. and of the other
graduate students. clearly show the
excellent training we have received.
| can most sincerely recommend
Del-Mar-Va Beauty Academy to
every young woman and young man"
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

sequences which would be inevi-
table under present law, even
though some shares would have
to be sold for tax purposes. l
believe the distribution could be
carried out without tax for a ma
jority of our stockholders in
Guiding $4,000 of our $1,000 en-
ployees. The remaining stock
holders principally those who
acquired DUPONT shares prior to
much as $50 share--would be
1949 when they first sold for as
subject to "a capital gains tax at
the time of distribution"
Noting that several bills are
pending in Congress, Mr.. Greene
walt said that the Mason bill ''ap-
pears to have the most favorable
chance to become law"
Mr.. Greenewalt said he would
have preferred legislation which
would permit DUPONT to distribute
General Motors stock with little
or no tax to stockholders. In the
last Congress, however, bills Of
this type met opposition which
prevented them from coming to a
vote. Accordingly, Mr.. Greene
walt said, he will support H.RS190
and S.2266 "as a substantial i'm
provement for individual stock
holders over existing law"
Mr. Greenewalt suggested to
stockholders that members of
4 l.
knowing the personal problem
which this situation presents to
you and your views as to the i'm
mediate need for corrective action. /"
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

Exclusive! This is the ONLY Scott
Beauty School on the Eastern Shore =
others in Western Maryland, West
Virginia and other areas.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

ELMIRA, n. Y. (AP)-Jim Far
ley, a Democrat who was postmas-
ter general in the Roosevelt adj
ministration, was asked il he would
become a politician again il he
were a young man today.
Sure" he said. II believe every
one should be active in politics.
Most persons criticize but aren't
willing to do the job themselves.
I've got TO know most political
leaders of the last 40 years, and
with few exceptions, all had good
side"
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

FRANCES HEUTHER, another DelMar-Va
Beauty Academy graduate already profitably
employed. says: "As soon as ! graduated
from the DelMar-va Beauty Academy this
past July. the Fashion n Flair Beauty Salon
here IN Salisbury employed me- l know the
fine training received at Del-Mar-va Beauty
Academy was what fully qualified me for my
profession. and made this fine work with
Fashion n Flair possible for me-"
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18
School Approved By
Maryland State Board OF Education


Though graduated only in July = that's when
| took my State Board - I'm already operating
my own Beauty Shop here in Laurel. This was
made possible only by the excellent teaching Of
the Del-Mar-Va Beauty Academy in Salisbury"
while have just completed my Beauty Culture
and Cosmetoogy studies, am already operating
my own shop in Laurel, and doing very WELL
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

Only an estimated one mliiIoh
people inhabit the Monaghan re
public, a windswept, desolate coun-
try that covers more territory imam
Alaska.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

Modern astronomers believe
stars may be of widely different
ages. Some are subject to catas
trophic explosions that produce
novae and supernovae
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

Stage, Screen, television fields and the world
of fashion, need young men and women highly
trained in the exclusive art of beauty culture
and cosmetology Talk with us now how you
can quickly qualify for this highly profitable
profession.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

The Republic of Liberia ac-
knowledges English as the official
governmental language and re-
cognizes the U. S. dollar as legal
currency.
Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1961-08-18

Venice has some $50 canals and
more than 400 bridges.
Evening star., 1961-02-12

Miss Koy Long. doUehter Of Seno-
tor ond MRS. Russell B. Long Of
LoUisiono. who reiened lost night
as Queen Of the annual Mordi
Cros Boil Of the LoWisiono Stote
Society. Princssses from all ports
Of the Creole Stote, chosen for
their beoUty, were flown to Wosh-
ington to offend the COLO dance.
Evening star., 1961-02-12

See "StOr Dust" poss 2
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24
Warming Given On
The "Flim-Flam"
What is the flim-flam?

What is the flint lam?
1t is hard to describe, because
there are so many variations.
Generally the basic elements
are the same. One or two strang-
ers have a deal they will let
the victim participate in. if the
victim will put up some money.
After hearing a lot of fast talk
the victim puts up the money and
is told to meet his reW-found
friends in a few minutes at a
certain place.
That is the last the victim sees
Of the flim-flam artists and
his money.
With the opening of the tobacco
markets here Tuesday. Chief Of
to S. Overton issued his annual
warning about the flim-flam.
Don't be taken in by some
faSt-talking character on the
sidewalks. or back street." Chief
Overton. warned. IF someone
offers a deal that sounds suspic-
icus. our police department will
welcome reports on such act
lvlty. 1t is almost impossible for
us to trace these strangers after
they have skipped town with
the money"
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24
Court Enters School Order
Further Rulings
Await Test Case

Copies of Judge Oren R. Lewis
Federal District court order
which fixes formally and leaves
unchanged the restraints in his
memorandum opinion of August
% have been received here.
The order. as did the opinion,
enjoins the payment of county
and state scholarship grants or
the issuing Of tax credits for
gifts to private schools
/ However, Judge Lewis ordered
the restraints in effect only until
20 days after the date of the
final decision of the Supreme
Court of Appeals of Virginia in
a companion suit. That suit is
referred to by the federal jurist
as timely instituted"
Major Question
The question of chief interest
to Judge Lewis before the Vir-
ginia Supreme Court of Appeals,
the answer to which places a
temporary halt to further litiga-
ton in his court, is:
Can the public schools, here
tofore maintained in Prince Ed
ward County. be closed in order
to avoid the racial discriminate
prohibited by the 18th Amend
ment?'
Then, the order states: The
court reserves further considera-
ton Of this question until there
has been a final determination by
the Supreme Court of Appeals Of
Virginia of the pertinent pro-
visions of the United States Con-
stitution. the Virginia Constitu-
ton and statutes adopted prlrsu-
ant thereto"
The order entered November
Is by the Richmond Federal
court states. The Court here
with reserves decision upon all
other issues raised in the amend
ed supplemental complaint and
the motions and answers of the
various defendants not specifi-
cally herein ruled upon until
twenty days after the date of the
final decision of the Supreme
Court Of Appeals of Virginia in
the above mentioned suit
Supplemental Complaint
1t was the supplemental COM
plant, placed before Judge Lewis
by NAACP attorneys, that sought
court-ordered reopening Of coun-
| ty public schools. The attorneys
Continued on page -
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24

said.
County agents. Extension Serv-
ice specialists and buyers have
told growers for years that care
full preparation for marketing
means more money This time
the message probably reached
more with more impact than
ever before.
The Farmville Market again
will have four buying companies
bidding for leaf, the new Duh
nington-Beach Tobacco Co., Inc.
Putney Tobacco Company, I'M
perial and Export Leaf.
Forecasts of the crop indicate
one of good quality, although
numerous growers experienced
weather trouble at planting time
and several times during the
growing season. This may result
in a crop with both top and lower
quality tob GO. In general,
growers themselves feel the 1861
crop will be as good as last
years.
The 1860 crop of SO million
pounds averaged $39. AZ just three
cents under the all-tinle record
price crop of 1856. The poundage
was among the lowest years on
record. Last years crop was
near record proportion also for
the low amount going into the
government pool .. only 81
per cent.
USDA estimates place the new
crop at about 10 million pounds.
Local predictions as to poundage
fall considerably below that.
some guessing the weight won't
be any more than in 1860. Last
year covers realized 3,494 1897.
The one certainty, among all
the uncertainties which surround
Continued on page 81
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24
For A Good Reason
Beaumont Boys On Best Behavior

For satisfactory reports can
mean a leave Of absence for
two weeks at Christmas.
The Beaumont School, the first
Of four schools established in
Virginia for the care of dclin-
quent children, was founded in
1890. Former supcrintendents Of
the state owned and operated in
stitutlon, including the father Of
the present ore. Paul Blandford,
il, would probably turn over in
their graves if they knew of this
Christmas leave bit.
But il has worked since the
younger Blandford took over
three years ago. The first year
l sent 265 boys home, All but one
reported back on time and he
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24

Religion III an Age of Science,
Dr.. Shapley is a leading voice
In the contemporary movement
to fit traditional philosophy and
ethics to the universities Of
cosnllc evolution. In place Of a
clash between science and relig-
ION. he finds a mutual respect"
where representatives Of the
cloth and test tube seriously
seek answers together. There
Is no serious problem anymore
between religion and science,
he said by way of suggesting
mutual concession on both sides.
The astronomer declared that
the findings of THE inquiring in
tellect' have gone beyond the
point OF no return to any such
restricted view as one holding
out tor a man-centered universe,
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24

was in jail. The second year all
Of them came back on time and
last year only two didn't show
up Blandford said.
Require Court Approval
The Christmas visits to cover
tWo-week period beginning De
cember II must be approved by
local court after the boy has
done his share. That share boils
down to Unsatisfactory reports
in his cottage, in school. and his
work assignment. Serious mis-
behavior will spell doom for visit
aspirants.
When first initiated, Bland
ford's project was greeted by a
lit can't be done attitude, but
Continued on page q
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24
DR. Shapey's Lectures:
Homo Sapiens Is Not Last Word

probably attained a higher form
than mans.
Dr.. Harlow Shapley. for 81
years director Of the Harvard
Observatory at Cambridge,
Mass. expressed those views
during his three-day lecture
visit TO the LongWood campus
as Danforth Foundation visit
ing scholar.
The holder Of honorary degrees
from IL universities. whose
books arc widely translated in
many languages captivated both
students and adults in his au-
diences with his wit, the spectac-
ular outreach Of his views. his
unasSumng manner and his
sharp-edged challenge for "a
new ethlc for the age Of science. ="
As president Of the Institute TOR
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24
Miss Manning Will
Be Presented In
H-SC Concert

Miss Florence Manning. New
York soprano, will be presented
in concert at Hampden-Sydney
College, November 30.
The concert, under the sponsor
ship of the Glee Club, will be
held in College Church at p.
m.
Accompanied by Lawrence
Smith, of New York, Miss Man
ming will sing varied program
in German, French, Spanish, It.
allan, and English, songs by
Bach, Poulenc, Duparc. and
Maurice Jacquet. She will close
the concert with the Ave Maria
from the The Cross OF Fire"
by Max Bruch.
Miss Manning has been soloist
with the glee club at Hampden-
Sydney in spring concerts for
several years. Especially known
for her concert and oratorlo
work. Miss Manning has sung
in leading oratorio festivals in
colleges in several sections of
the nation She has enjoyed
number of roles in opera.
A teacher of voice in New
York. Miss Manning has given
demonstration lessons in voice
on television for the board of
education Miss Manning is solo
list at First Church of Christ Sci
enlist, Richmond Hill. New York.
She has sung on the Voice of
America
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24
$4,000 In County Taxes Based
On $685. Assessed Values

Prince Edward county's taxa
Bile property assessments, on
which the current tax levy of
$432, Ala is based. total SIS, 1873, $50
the records of Commissioner Of
Revenue William j. ellis, Jr.,
show.
The taxes, based on 1860 prop
erty values, are payable by De-
cember 5, after which time a five
per cent penalty is imposed.
The record high assessment
values by classes of property
are:
Values BY Classes
Real estate, $6.456.5l0; mer-
chants capital. $3.2l6. 66S; public
service corporations. $2.834, 1858;
tangible sonal property,
81, sis, 800. ad machinery and
tools, Sis 900.
The assessments in total agre-
gate $39, 900 higher than a year
ago Increases in real estate and
public service corporation values
! exceeded decreases in tangible
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24

or even a Sun-centered ono.
The abandonment Of old con
cepts is debating to mans ego,
but it is none the less certain
that the earth merely is at the
edge Of one galaxy of sun, planets
and stars IN universe Of mil
lions Of similar galaxles.' Dr..
Shapley declared.
Universe Similar
Each of the galaxies has its
own central source of light and
warmth, and shares similar bio
chemical and physical character
iStics with the earth. Under the
right circumstances this means
that life could emerge in them. "
he said.
Offering his own concept Of
"CoSllllc evolution, that lie
Continued on page .
The Farmville herald. (Farmville, Va.) 1957-current, 1961-11-24

proponents OF the day-tO-lOOk
plan. headed by the U. S. De-
partment of Agriculture, argue
that it will result in more &C
curate and fair and less spur-of-
the moment grading.
After opening week, sales will
begin each Monday.
Why Optimism
The guarded optimism con
Germs the crop itself; buyers
predictions Of AN active mar
ket;" the best season for pre-
pairing tobacco in may years
and, of course, the price support
program
Dark-fired tobacco will have an
average peg price of 1873 cents
per pound. while sun-cured pegs
will average out to 34.5 cents.
Dark-fired grade pegs have been
increased either 50 or So a hun
dredWeight for each group ex-
cept wrappers, which remain UNI
changed.
Sun-cured grade pegs are up
an average Of So cents a pound.
The price support program.
however, will not cover tobacco
graded W." or in wet or unsafe
order. This will be the third crop
in Virginia S attempt to discour-
age too much water, or careless
use OF it in preparing tobacco for
market.
This practice has been costly
to Virginia tobacco farmers, as
R. c. Cunningham, supervisor of
graders for the three dark-fired
and Richmond sun-cured mar
kets. showed today in a pre-mar-
ket talk with a Herald reporter.
Cunningham said that 403 900
pounds received the wv" mark
ing last year. During auctions
this unsupported leaf brought on
the average five cents per pound
less than comparable tobacco
which sold under .one of the sup
ported grade groups. That meant
totallpss Of at least $4,000 to
the growers involved.
Demonstrations Helped
The grading chief for Farm
vile. Lynchburg. Blackstone and
the Richmond sun-cured market
said beneficial results are ex-
pected from the 54 sorting dem
onstrations held recently in the
dark tobacco producing coun-
ties.
The attendance and interest
were outstanding. and the LOIS
growers at these demonstrations
represent a good 10 per cent OF
the total number" Cunningham