davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-02-02
New President
Reported Picked
For FuirchiId

NEW YORK, Feb. 2 (AP).-
Edward G. Uhl. former Of
ficial Of Martin Co. and lately
vice president Of Ryan Aero
nautical Co.. has accepted an
invitation to become president
Of Fairchild Engine & Air
plane Corp. Dow Jones g. Co.,
said today.
A company spokesman de-
clined to comment on the
business news service report
but did say no action has been
taken on the presidency. He
added that election Of q presi-
dent is on the agenda Of the
regularly scheduled directors
meeting next Wednesday.
Evening star., 1961-02-02
BUSINESS.
BRIEFS

Business Loans by member
banks in the week ended jan
uary Is totaled $31, $50, 900 900
down $500 million from the
previous week, but up 81, 1,305.-
600, 900 from the like week q
year ago.-Federal Reserve
Board.
Bank CIearings in 26 leading
cities in the week ended Feb
ruary / totaled $2S,558,864 900
compared with $26,3 1857, ,005, 900
in the previous week and $685.
654, ,907,0 in the like week q
year ago.-Dun g. Bradstreet.
Crude Petroleum Production
in the week ended January 9
averaged 7,197, ,910 barrels daily,
down 1880 from the previous
week and compared with 1885,
100 in the like week q year ago.
American Petroleum InSti-
tute,
Evening star., 1961-02-02

man and treasurer, the COM
'pany announced yesterday.
The official announcement
supplanted an incorrect earlier
report that Mr.. Cook had be-
come board chairman and
PRESIDENT. New top officials were
named following the recent
death Of George C. Cook, presi-
dent and chairman.
Mr.. Hardy is an Air Force
veteran of World War II, is q
past president of the Air Force
Association and is serving now
as secretary Of the association
He also is q past president
of the Washington Grocery
Manufacturers Representatives
member Of Grocery Wheels and
a member Of the Board OF
Trade. He also is a member OF
the Washington Food Brokers
Association.
Evening star., 1961-02-02
81 Million Mortgage
Siuned in AYIinqton

John Hancock Mutual Life
Insurance Co. has closed q
mortgage loan Of more than 81
million on the new Executive
North apartment building on
the Columbia turnpike in Ar
hngton.
Costing around $3.6 million,
the building has 215 apart
mentS and more than 800
rooms. Corning & Moore de-
signed the building, which is
owned by Madison Associates,
o limited partnership headed
by Robert H. Smith.
The loan was negotiated
through Donald H. Richardson
Co., mortgage correspondents
Tor the insurance company in
this area,
Evening star., 1961-02-02
YOUR
MONEYS. WORTH
Tax Spur Due for Business

pert of the Research Institute
of America, top-level thinking
is running along three main
lines.
% A first proposal would
stimulate businessmen to invest
more in new plants and equip
ment by making the present
speedy depreciation method
even more speedy. For instance,
an increase from today's
method of depreciation to q
triple declining balance"
method would give you so per
cent more depreciation in the
year you acquire a business
asset.
Suppose your business bought
$4,000 Of equipment eligible
for the double declining bal
ance depreciation and assume
the double declining balance
rate is 20 per cent. This would
give you Q $4,000 depreciation
deduction in the first yea.
But If the law were changed
to permit triple declining bal
ance depreciation, you could
deduct $4,000 for depreciation
In the first year-Quite q stim-
illus.
Details Explained
(2) A second proposal, by
Mr.. Kennedy's special task
force on tax reforms, would
give you q credit against your
tax for a specified percentage
of the excess you invest in
business equipment over the
total depreciation you take for
business equipment in q year.
Say you're entitled to q $4,000
depreciation deduction during
the year. If you invested $5,-
900 in new equipment, $4,000
Of this would be considered an
additional investment and you
could take a percentage of it
(the percentage to be de-
termined by the law as a
direct credit against your tax
bill. The goal Of this tax credit
is to encourage you to do much
more than replace your old
equipment.
(3) A third proposal favored
by q bipartisan group Of "a
Senators and various Represen-
tatives would give you q some
what similar incentive to- in
crease your capital spending,
but this one would give you q
deduction from your income
rather than, q direct credit
against your tax.
What's more, this Senate
group proposal would take in
to consideration the amounts
you add to your spending for
inventories and accounts re-
ceivable as well as for business
equipment.
Tax changes to speed up busi-
ness expansion are coming.
They could have an electrify-
ing impact on jobs, the econo-
my'S growth and our ability
to compete with Europe'S and
Japan'S modern factories.
distributed 1851 BY the Hall gyndI.
cate, Inc. AL rights reserved).
Evening star., 1961-02-02
Bank Auditors to Hear
Association Leader

Winslow E. Pike. Of Atlanta,
Ga. first vice president Of the
National Association of Bank
Auditors and Controllers. will
be guest speaker at a dinner
meeting Of the Audit, Control
and Operations Section Of the
District Bankers Association at
the Burlington Hotel next
Wednesday night.
Mr.. Pike, who is controller
Of the First National Bank at
Atlanta, will discuss automa-
ton problems of banks. Other
officials from the national as-
ISOLATION win attend.
Evening star., 1961-02-02

ton of antifraud provisions
and registration requirements
of the Securities Act Of 1888.
: The violations were charged
In the offer and sale of the
common stock of American
Canadian Oil & Drilling Corp.
Judge Frederick Van Pelt
Bryan of the United States Dis
trict Court for the Southern
District of New York presided
ut the jury trial and deferred
sentence pending receipt Of a
report from the probation
office.
a Area victims Of the securities
fraud, including many widows,
brought the first information
IN the case to the SEC and the
Washington regional office, OF
which w. J. Crow is admins
traitor, conducted the inveSti-
CATION which began in 1856
and 1856 and eliminated in
court action in 1859. The de-
PENDANTS are understood to have
offered some restitution sew
eral years ago, but were unable
to make good on promises.
Whether victims will receive
any restitution of their losses.
eventually Is a big problem,
American-Canadian continues
to operate. but is a small COM
pany with limited earning
power, it is understood.
The case was developed by
James j. Duncan and Joseph
I. Levy, attorneys; Warren S,
Shantz. securities investigator,
and Nicholas A. Anastopoulous,
Accountant under Mr.. Crow.
Evening star., 1961-02-02
Striner to Address
Women Accountants

Herbert E. Striner, staff di-
rector Of the Brookings Insti-
tuition, will discuss urban
growth and the social sciences"
at a dinner meeting of Dis
trict Chapter, American So
ciety of Women Accountants
on Wednesday, February 8.
The affair at Occidental Res
taurant will be preceded by a
reception starting at 6 pm.
Evening star., 1961-02-02


Magnetic Tape Speedier
Using perforated tape. the
scanner can read 240 charac-
ters a second. Other Earring
ton machines now being built
will be able to handle $40
characters per second, using
magnetic tape.
ScannerS are one answer to
q chronological lag. While SCI
entistS have been able to create
highly sophisticated and fast
working computers to process
information, feeding the raw
data into them has been a
painfully slow and tedious pro-
cess. Scores of employees are
required to read the informa-
ton. and put it in code on a
perforated tape, using punch
keyboards.
Because this work is boring,
the rate Of turnover for such
workers has been high. The
scanner eliminates the prob
lem.
The precursor Of the Far
rington device was invented in
an Arlington (Va0 attic nine
years ago by two local men,
David H. Shepard and Harvey
Cook, jr.
New harrington Offices
Mr.. Shepard, who is now a
harrington vice president and
boss Of the Alexandria opera
ton. patented his first machine
Evening star., 1961-02-02
Z Officials Retire
At Peoples Druq

Retirement Of two veteran
officials Of Peoples Drug Stores,
Inc. was announced yesterday
by President George B. Burrus.
Robert A. Mcconnell, direc-
tor Of personnel relations, has
retired after IS years Of Serv-
ice and Leslie S. Webster, dis
trict manager, has retired after
81 wears.
Evening star., 1961-02-02
VY SYLVIA PORTER

If you're q businessman,
here's good news for you. It's
almost certain that you're go
ing to get q tax shot-in-the-
arm this year to spur spending
on new plant and equipment.
Congress will be working on
tax proposals in the spring and
President Kennedy has made 1t
clear he believes businessmen
must be encouraged to expand
investments in factories and
equipment.
The reasoning and objectives
are vital to all Americans and
to our friends around the world.
Specifically:
To compete more effectively
with foreign producers for
world markets, United States
industry must step up moderni-
zation Of its plants. So many
European factories have been
completely rebuilt or built from
scratch since World War II
that, as Treasury Secretary
Dillon warns, European fac
tories are becoming more mod
ern than our own"
Proposals Outlined
The Administration must not
allow this trend to continue,
Mr.. Dillon emphasizes - and
one way to reverse it is to
encourage more United States
capital to go into United States
plants through tax incentives.
Also, to provide more jobs
and paycheckS for our increas-
ing work force, the United
States economy must grow
faster. While government can
do much to accelerate expan-
sion, q basic need is private in
dustry's own growth under its
: own initiative. One way to en-
courage this growth is to give
businessmen tax incentives to
invest in new plants.
I The details Of the proposals
are still to come, but, accord
ing to Leon Gold, chief tax ex-
Evening star., 1961-02-02
Verne BonesteeI Joins
Peat MnrWick &Co.

Verne C. Bonesteel, retired
examinations director Of the
Federal Home Loan Bank
Board, has joined the Wash
ington office Of Peat, Warwick,
Mitchell & Co.
Mr.. Bonesteel will serve as
savings and loan consultant for
the firm which specializes in q
wide range Of management
services. In addition to working
in the Washington office. Mr.
Bonesteel plans to do some
travelling in connection with
the new position.
Evening star., 1961-02-02

in 1858. 1t read letters but
no numbers.
Subsequently, in q million
dollar deal. he licensed IBM
to make the machines and with
the proceeds, Mr.. Shepard set
up the Intelligent Machines
Company. 1t merged with Far
rington in 1859, while continu-
ing research.
The typeface read by the
latest scanner looks much like
ordinary print except for the
ii" which has q slightly larger
dot. machines apparently
have trouble distinguishing be-
tween the ii" and a poorly
printed ~ The numeral 9
is also squared and resembles
a reversed "P."
Actually, no scanner today
comprehends what it is read
ing. The best of the machines
can only translate into other
symbols. But that may mean
a great saving in labor; the
Harrington alpha-numeric de-
vice is expected to do the work
|of 80 to so punch operators.
The printing crafts will un-
doubtedly take q close look at
the device, since 1t promises
to displace jobs in such indus
tries as newspaper and maga-
zine publication. q.
Up to $175,OOO
Such a change won't come
overnight, however. Each Far
rington scanner is custom made
and costs anywhere from $685.
900 to $175.000.
The Alexandria subsidiary Is
located at 7019 Edsal road. It
has a payroll of $50, about q
third engineers.
More than 40 of the expen-
sive reading machines have
been produced at Intelligent
Machines Research Corp. In
the last six years.
II the idea Of machines read
ing novels strikes some people
as bizarre, harrington has an
even stranger product for in
dustry: A machine that watches
other machines.
Called q Productograph. the
electronic monster Is produced
by a German company, Sie-
mems Halske, and distributed
here by harrington. It poten-
TALLY is capable Of keeping an
unblinking eye on 200 other
machines, and will flash red
lights and even sound horns
when one Of its subordinateS
goofs off.
Some employees irreverently
call the machine Big Brother" ("
Evening star., 1961-02-02
Top Officials Named
By Harry B. Cook Co.

George D. Hardy has been
named president Of the Harry
B. Cook Co. and H. Irwin Cook
has been elected board chair
Evening star., 1961-02-02
THE EVENING STAR
Washinston, D. c.
ThUrsd0y, FsbrvGy z, 1861
Conviction Is Returned
In 100000 Securities
Fraud in This Area
BY DONALD B. HADLEY
Star Financial Editor

conviction in Federal Court in New York late yesterday
close to winding securities fraud in which at least
80 residents of this area lost 100000 more.
verdict Of guilty returned 1G counts Of 20-count
indictment against Thomas E. Robertson American Canadian
Oil Drilling Corp. and Thomas E. Robertson Inc for viola
Evening star., 1961-02-02
OVER COUNTER

Following prices furnished by the
National Association Of Securities Deal
within which locally active securities
could have been bought or sold ct
Evening star., 1961-02-02
TREASURY BONDS

NEW YORK tAP) Noon over the counI
ter U. s.. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-02-02
Earnings

SOcOny MObiI in year enoeo
December 81 earned $182, $780,
900 or 1915 a share VS.. $780,
952,152 or $3.50 in 1859.
Standard Oil Indiana in year
ended December 81 earned
$144, ,750. 900 or $4.05 q share
VS.. $139.597,429 or $500 in
1859.
General Tire & Rubber in
year ended November 80 earned
$22, 1851 or $4.07 a share
VS.. $26,624,0SO or $4.S4 in 1859.
Ex-CeIl-O Corp. in year end
ed November 80 earned $8.245,-
383 or 1928 q share vs.. $685. =
S83 or $2.16 in 1859.
HewIett-Packard Co. in year
ended October 81 earned
$4,226,645 or 43 cents q share
VS.. $3,S99.s41 or 40 cents in
1859.
MergenthaIer Linotype in 8
months ended December rs
earned $1.233,128 or $2.06 q
share vs.. $l.182.534 or $2.03 in
1859 period.
Warner Bros. Pictures in 8
months ended November 26
earned $1,773.000 or $1.16 a
share VS.. $1.753,O0O or $l.16 in
1859 period.
EndicOtt Johnson Corp. in SO
weeks ended December 2 had Q
loss Of $1,506,273 VS.. earnings
of $1,5O4,500 or $1.50 a share
in 1859.
Other earnings included:
r.. w.. R-an1 V..w.ww
Evening star., 1961-02-02
TALKING OF BUSINESS
AIexondrio-BuiIt Optical Sconner
Diqests Numbers as Well as | etters
Magnetic Tape Speedier

toners and store the data on
punched cards.
Evening star., 1961-02-02
MUTUAL FUNDS

NEW YORK (AP)
: National Associa-
ton Securities Deal
eFs, Inc.
, 1961-04-05
GOVERNMENT OF
THE VIRGIN ISLANDS OF THE UNITED STATES
Charlotte Amalie. ST. Thomas
BY THE GOVERNOR OF THE VIRGIN ISLANDS
"A PROCLAMATION
INAUGURATION CEREMONIES
OF
Charlotte Amalie, St. Thomas
RNOR OF THE VIRGIN ISLANDS
A PROCLAMATION

WHEREAS the President Of the United States has
pointed and the United States Senate has confirmed the II,
orable Ralph Paiewonsky Of the Virgin Islands to Be the
teenth Governor Of the Virgin Islands; and
, 1961-04-05

WHEREAS the President OF the United States has APP
pointed and the United States Senate has confirmed the Hon
|orable Ralph PaieWonsky Of the Virgin Islands to be the six
teenth Governor Of the Virgin Islands; and
WHEREAS the people Of the Virgin Islands desire to
conduct proper and dignifed Inauguration ceremonies for
the purpose Of installing the Honorable Ralph Paiewonsky in
this, the highest Office of the Virgin Islands; and
WHEREAS the Honorable Ralph Paiewonsky will be
inaugurated as Governor Of the Virgin Islands at Charlotte
Amalie, the capital Of the Virgin Islands, on Wednesday,,
April 5, 1861, with ceremonies in st. Croix on Thursday, April
g, 1861, and with ceremonies in St. John on Friday. April Z,
1861; and
WHEREAS public holidays are necessary to permit the
people in each Of the three islands to participate in the various
ceremonies;
NOW, THEREFORE, /, JOHN MERWIN, Governor
of The Virgin Islands, by virtue Of the authority vested in me
do hereby declare
! Wednesday, April 5, 1861 as a legal holiday on
the island Of 81. Thomas.
2 Thursday, April s, 1861 as a legal holiday on
the island Of St. Croix. and
8 Friday, April Z, 1861 as a legal holiday on the
island Of ST. John.
Virgin Islands Of the United States.
WITNESS my hand and the Seal Of the Government Of
the Virgin Islands Of the United States at Charlotte Amalie,
81. Thomas, this t~wenty-6fth day Of March AID. 1861.
JOHN D. MERWIN
Governor
ATTEST:
ROY w. r
Government Secretary 29-l4
Evening star., 1961-12-24
Road Death Toll
Ahead of 1860
BY the Associated Press

The pace of traffic deaths
across the Nation this Christ
mas holiday week end increased
yesterday and was running
about 20 per cent ahead of last
years toll.
Some 26 hours after the start
of the holiday, traffic fatalities
were occurring at a rate of
more than seven an hour, a
figure higher than the pre-
holiday estimate of the Ma
tional Safety Council.
Howard Pyle, president of
the Safety Council, urged great
er caution by drivers to hold
down the final toll.
The tally of traffic deaths
at midnight stood at 210, with
two-thirds of the holiday period
remaining. In addition, % per-
sons died in fires and 80 in mis-
cellaneous accidents for an
overall toll of 265.
The record traffic death toll
for a three-day Christmas
week end was 500 in 1855. This
also is the record traffic toll fol
any three-day holiday period
The National Safety Council
estimated 500 traffic deaths fo1
the three-day period which be-
gan at 6 pm. local time Friday
and ends at midnight tomorrow
night.
Evening star., 1961-12-24

offices during the Christmas
rush than they can collect
wreathS," Mr.. Dengler said.
Three auctions were held in
the last two weeks at Fruitland,
Md, disposing of nearly $4,000
wreaths averaging 80 cents
apiece, according to Louis Carey
of Fruitland, who buys in the
largest quantities. The top
price was $1.28.
There were about $4,000
wreaths sold last year, and I'm
afraid this business is on its
last legs" he added.
But the wreath are better
quality this year, with larger
clusters of berries" Mr.. Carey
added.
Around 1890 rural folk be-
gan making wreaths to sell for
Christmas shopping money"
Mr.. Dengler said.
After the crops were in and
everything ready for winter the
families had plenty of time for
wreathS."
Major market for the Yule
decoration became Fruitland
two miles south of Salisbury.
Wreath production grew to
Evening star., 1961-12-24
HOLLY TROUBLE
Wreath Business DWind|inq

The nimble fingers that
turned out holly wreathS in
Maryland are fast turning to
scratching out Christmas money
in some other business.
The one-time 81 million-a-
year business on the Eastern
Shore has dropped to 81 mil
lion and one spokesman said
he fears the industry is on its
last legs.
It's not a holly shortage, but
rather a lack of persons willing
to give the painstaking and
hand-sticking effort that goes
into the making of holly
wreaths. The Eastern Shore is
the chief source of supply for
WreathS sold in the Washing
ton area.
The dexterous fingers and
close family ties that once made
matchmaking a household
recreation have given way to
mechanization, plastics, paints
ard imports from Italy and
Japan, according to Harry w.
Dengler, extension forester at
the University of Maryland.
Younger members of the
family can make more money
working for stores and post
Evening star., 1961-12-24

such proportions about 1920
that auctioneers were called to
handle truck loads of wreaths
that sometimes stretch for two
miles along the railroad tracks.
Preliminaries for wreath
making begin right after
Thanksgiving when men tramp
through the woods cutting gum
and maple branches for hoops.
Then holly berries are gath
cred from the female trees and
stored in baskets.
Experienced wreath makers.
usually women, can turn one
out in 8 to Is minutes.
Although gloves are worn,
most come through the season
with their arms criss-crossed
with scratches from the holly
leaves.
The holly business has been
hurt by insects preying on the
trees, and developers who up
root the trees to make way
for homes.
Also, some men ar afraid
to go into the woods for holly
for fear they'll catch a blast
from hunters who fire at every
thing that moves" Mr.. Dengler
said.
Evening star., 1961-12-24
BY WILLIAM HINES
Star Science Writer

The first non-military atomic
explosion gave US a few sur
priseS," but to date adds up to
a successful experiment, a top
Atomic Energy Commission
scientist said yesterday.
Summing up results so fal
from the Project Gnome ex-
ploSion in New Mexico Decem-
ber 10, DR.. John s. Kelly said
I'VE are learning an awful lot
from the blast. DR.. Kelly is di-
rector of the Division of Peace.
full Nuclear Explosions at Aces
Germantown (Md.) headquar.
tiers.
Biggest surprise from Gnomt
was the amount of bounce
the way the earth moved up
directly above the center of tht
blast. A 5-kiloton atomic de-
vice was detonated in dry rocl
salt about 1900 feet below thu
desert floor Is miles southeas
of Carlsbad, N. Mex.
The bounce was somewha
higher than we had expected,
DR.. Kelly said. Gary Higgin
"a scientist involved in tn,
Gnome EXPERIMENT. said i
Evening star., 1961-12-24
Top West Point Honor
Goes to Red Refuqee

WEST POINT, N. Y, Dec. %
(AP).-A youth, who fled with
his family from Communist
Hungary at the age of 4, has
won the highest honor that
ever is accorded a plebe at the
United States Military Acad-
emy.
He is Cadet Louis S. Csoka,
20, of Lewisburg, Pa, who has
been named cadet commander
for the Christmas holidays.
Cadets of the upper three
classes leave the Academy dur
ing the December 22-January 3
Christmas vacation, but the al
most 800 plebes (freshmen) are
left behind.
Young Csoka heads those re-
naming. with the temporary
rank of first captain and bri-
gade commander.
The youth expressed himself
as Sin a state of shock" at the
honor. He described his duties
modestly as Informing the
other cadets of their RESPONSE
bilities and privileges" but, a
West Point announcement put
it this way:
"Bluntly, he's running the
place"
Cadet Csoka, with his par
ents, Mr.. and Mrs. Kalman
Csoka, and a brother and sister,
fled from Hungary in 1945.
"I don't remember much
about it," he says. "Just things
like getting on a train in Buda-
pest and going through a long
tunnel. Then going on foot
and living in the forest at
nights. Then living in a
barn in Germany"
The family lived on a Ger
man farm, where another son
and daughter were born, until
1851. Then the family moved
to Lewisburg, except for an
| older sister, Magdalene, who
Evening star., 1961-12-24
Sin Red Cross
Slain in Como
Bodies Found With
RiddIed Ambulance
ELISABETHVuLE. Katanga

ELISABETHVILLE, Katanga,
Dec. % (AP) The bodies of
three International Red Cross
representatives missing for 10
days were found today in shall
low graves.
Hospital and United Nations
officials said their ambulance
obviously had been hit by ba-
zooka and machine gun fire in
the fighting that broke out
early this month between U. N.
and Katangan forces.
The victims were Georges
Olivet, Swiss chief of the
international Red Cross in
Katanga, Mrs. Nicole Vroomen,
the Belgian ambulance driver,
and a Dutch assistant, S. S.
Shedding.
They were last seen on the
evening of December 13 when
Mr.. Olivet set out for U. N
headquarters to seek a tempo
rary ceaSe-fire in a Residential.
area in order to bring out civil.
ians trapped by the fighting.
On Mercy Mission
George Ivan Smith, U. N
chief here, said "the ambulance
obviously was hit in crossfirt
between Katangan and U. N
| See CONGO, Page A.:
Evening star., 1961-12-24

had returned to Hungary to
study. The family has not
heard from her since the Hun
garian uprising against the
Communists in 1856. The
mother died in 1858.
Cadet CSoka attended Lewis
burg Elementary School, Lewis
burg Joint High School and
Valley Forge Military Junior
College before coming to West
Point.
He speaks English without
difficulty or accent, although
he says he still is learning. He
is on the deans list of superior
students.
His selection as Christmas
commander was based on aca-
demic standing, military per-
lformance and aptitude reports.