davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-07-13
$3.50 Gift Limit Due
On Savings Groups

bill became snarled in a refer
endum. responsibility for regu-
lating the SIS billion industry
was given to Mr.. Ward with
the board to advise him.
Mr.. Ward said no regula-
tions would be adopted finally
until they had been circulated
among the States building and
loan associations and their Off
cials are given an opportunity
to comment on them at a hear
ing.
He also announced the ap-
pointment of Harry B. Wolfe
jr., a Baltimore attorney, tC
be his chief supervisor in
charge of administering the
new law. He said Mr.. Wolfe
who will receive SIS, 900 a year
salary. will take over the post
next Wednesday.
Evening star., 1961-07-13

BALTIMORE, July IS (AP)
State officials will put a limit
of $3.50 on the value of gifts
which Maryland savings and
loan associations may offer to
attract depoSitors.
Albert w. Ward, director of
assessments and taxation, who
Is administering the new regu-
latory act, said he would adopt
the recommendation given him
yesterday by the Board of
Building, Savings and Loan AS
Sociation Advisors.
The decision to limit "give-
aways" to $3.50 was the first
taken by Mr.. Ward and the
advisory board under the modi-
fled Case bill which was passed
by the General Assembly at its
special session last month.
Because the original Case
Evening star., 1961-07-13
Underseos Cable Firm
Gets ConoveroI Job

United States Underseas
Gable Corp. of New York and
Washington has been awarded
a IS million contract by the
United States Air Force Mis-
sile Test Center at Cape Ca
naveral to design, manufacture
and install a 700-mile extern
sion to the underwater COM
munications network serving
the Atlantic missile range.
The project will be a joint
venture of USUCC and its prin-
cipalS, Phelps Dodge Corp,
Northrop Corp. and FELTON, &
Guilleaume of West Germany,
with USUCC acting as overall
operations manager.
Evening star., 1961-07-13

wise shown by any Washington
bank for the last year.
The quarterly statement
from President Douglas r.
Smith also listed loans and dis
counts of $48, 8,864,520 for mid
year, a rise of 1874 per cent
from $43,117,276 a year earlier.
They compared with $44,232,-
1873 on March 81.
Holdings of Federal Gov
ernment securities expanded to
$50, ,846,563, a jump of nearly
81 per cent from $17,7S1,49 a
year ago and moderately above
$31. .320.771 in March.
AS previously reported, de-
poSits advanced to a new high
of $98, ,595,118 on June 80, an
increase of 80 per cent from
ST, ,170,184 a year earlier and
well ahead of $92,059,686 on
March 81.
Capital funds amounted tc
$6,82l ,657, compared with $6,-
632,056 a year earlier and So
733,725 on March 81 this year
The year-to-year gain in cap
ital funds was 80 per cent and
indicated that this item is not
keeping up with the rapidly
growing institution.
Without benefit of any mer-
ger, National Savings has come
a long way since June 80, 1856
just five years ago, when assets
totaled only $62,633,407, de-
posits $56,048,346, and loans
and discounts amounted tc
$28,597,763. Federal securities
then totaled $15,613,815 while
capital funds amounted tc
S6,331,371.
Evening star., 1961-07-13
More Aggressive ABA
Proqrom Is Promised

The American Bankers ASso-
citation is planning more ag-
gressive policies on national
issues, newsmen were told here
yesterday by DR.. Charles
Walker, new executive vice
president of the ABA.
Samuel Fleming of Nashville,
Tenn, ABA vice president, who
is scheduled to become presi-
dent in October, agreed with
Mr.. Walker and said the ABA
would institute a broad study
of it's organization and objec-
tives under his leadership.
Mr.. Walker said that under
its new program, the ABA will
Evening star., 1961-07-13
Pet Milk to Merge
With MusseImun

ST. LOUIS, July 13 (AP).-
Stockholders of the Pet Milk
Co. yesterday approved it's mer-
ger with the C. H. Musselman
Co., which will become one OF
Pets four major operating divi-
Sions.
A Pet spokesman said more
than 80 per cent of it's common
stock was represented, in per.
son or by proxy. "and, of the
shares voted, 99.9 per cent were
in favor of the merger"
MuSselman stockholders votec
their approval July 6.
Evening star., 1961-07-13
YOUR
MONEYS WORTH
How Ethical Are Businessmen
~ SYLVIA PORTER

study of the ethics of business
men, based on detailed ques-
tlonaireS answered by 1,700
HRB executive readers and
reported by the Rev. Raymond
c. Baumhart. 81, Doctoral
Candidate at the Harvard
Business School. This is one
OF the few surveys ever made
OF the ethical attitudes and
problems Of a cross-section of
businessmen themselves and as
such, it is a highly important
report.
1t is hardly a reassuring
picture that Father Baumhart
draws.
While businessmen recognize
the social responsibilities Of
business in general terms, pro-
feSs a lofty level of ethical
goals for themselves and are
deeply concerned about busi-
ness behavior today, they ad-
nit at the same time terrific
preSSures for unethical acts
and great conflicts between
what appears economically
right and ethically right. .
Four out of five, for instance,
frankly confess they know
of practices in their own in
dustrieS which are generally
accepted but also unethical
and they name the practical
Entertainment Cited
For instance, the providing
of call girls" for entertain
ment of customers giving
of gifts, bribes, etc. for favors
or information price rig
ging, price collusion by compet-
itors, price discrimination. . .
An overwhelming majority
cite conflicts between them
selves as profit-conscious busi-
nessmen and ethical persons.
What does the survey indi-
cate should and can be done?
A first and obvious answer
is more rigid self-policing.
Surely, a starting point is
elimination of the unethical
practices the men know are
going on, agree are wrong
and want to see wiped out.
A second solution which the
business seem to yearn for is
a written code of ethics for
their own industry which has
teeth" which can be enforced
and which will offer specific
guides for conduct. They are
cynical about enforcement and
adherence but they want the
codes.
The survey underlines the
fact that a desire for improve
ment in business behavior
exists, but it also emphasizes
that if unethical behavior is
to be reduced, top manage
ments must lead the way.
Will, then, top managements
lead the way? The fact is that
even after all the surveys and
depth interviews, neither the
editors of the HBR nor Father
Baumhart can come up with
an affirmative answer to this.
Distributed 1861, by The Hall
Syndicate, Inc. All Rights ReServedD
Evening star., 1961-07-13

Imagine you are a director
OF a large corporation and
you learn at board meeting
of a coming merger with a
smaller firm. You're positive
this firms stock will rise when
the merger becomes public
knowledge. Would you use
your inside information for
your personal financial gain?
II you're a typical United
States business executive, you
would. You would buy some
stock for yourself and/or tell
a good friend about it. You
might claim you would do
nothing. but what you claim
and what you actually would
do may be quite different.
Imagine you are president
of a company and you learn
a tough competitor has made
a scientific discovery which
give him a great advantage
over you. Would you try to
hire one of the competitors
employees who knows the de-
tails of the discovery?
If you have the same stand
ards of conduct that most
United States businessmen
have. you certainly would try
to hire him.
Imagine you must judge the
ethics of an executive earning
$4,000 a year who has been
padding his expense account
by $500 annually. What would
be your Judgment?
Padding Acceptable
If you think the way a
majority of businessmen think,
you consider this padding
acceptable" if other execu-
tives in the company do the
same thing or if the execu-
tive's superior knows about it
and says nothing. You may
say you don't condone this
under any circumstances but
there can be a major disacrep-
ancy between what you say
and you think and what you
really think.
The July-August issue of the
Harvard Business Review in
cludes a scholarly, lengthy
Evening star., 1961-07-13

be prepared to express itself on
all monetary and financial
issues. We expect to take a
stand and give our reasons, he
said.
The study of its organization
and objectives will be made by
an administrative committee of
II bankers and will include
himself, Mr.. Walker said. 1t
will cover the field of legisla-
tion, education, bank operations
and many other subjects. A
reassessment of where we are
and where we are going will
be useful at this point, he
added.
Evening star., 1961-07-13
Eornines

Jones & Laughlin Steel in six
months to June 80 earned SILL
827, 900, or $1.41 a share. VS..
$26, 10000, or 1924 a share,
in the 1860 period.
Scott Paper Co. in s months
to July l earned $13,959.329. or
$1.68 a share, vs.. $I3,401, 1896,
or $1.66 a share, in the 1860
period.
Mead Corp. in "a weeks to
June II earned $5,630,953, or
$1.05 a share. VS.. $6,765,151, or
$1.27 a share, in the 1860 pc
riod.
Other earnings:
For Months to May 81
Tokheim cp-- sSss,s7o sssS;1ss s
Per share 1.16 0.S9
For 9 Months to June 80
CTS Corp 746.055 ISL ,00s
10
Mallory PR Co 1,s39.973 2,O1O,s06
Per share 1.1S $50
Muskogee Co 215,1O9 219,s31
Per share 1.06 1.09
Wood A Steel IA 900 1,2O5,I45
Per share "net loss / 56
For Q Months to May 81
Swingline, Inc 1,52S,939 l,O59, ,6SS
Per share 1.45 l.0l
For 8 Months to June 80
opelika Mfg 947,O13 929,132
Per share 1877 1.35
For 12 Months to May 81
Okla Natl Gas s,712,000 zoos, 900
Per share 2.0S 2.l4
Pub svc Ind 1e,O9s.e27 1e,31e.7s2
Per share $50 26S
Evening star., 1961-07-13
DECO Nerges
EIectrOnic
Firms Here

Developmental Engineering
Corp. of Washington and Lees
burg. Va, Scatter Communica-
tionS, Inc, and Antenna Sys-
TENS, Inc. were merged into
DECO Electronics, Inc, effec-
tive July l, it was announced
today by Lester H. Carr, pres
ident of DECO Electronics.
Members of the board of di-
rectors of DECO Electronics,
Inc. after tie mergers include:
Lynn de Lashmutt, vice presi-
dent of Riggs National Bank of
Washington; o. r. Mcclure,
jr., of Hogan and Harrison in
Washington, and A. j. Printz
of Columbus, Ohio.
Mr.. Carr also announced COM
lpletion of new modern labora-
tory facilities on Baseline road
in Boulder, Colo, to compile
ment those in operation at BoS-
ton, Mass, Malibu, Calf, and
Leesburg, Va.
Recognized as Leader
Developmental Engineering
Corp, a recognized leader in
tie field of communication sys-
TENS research and development
has achieved many ''firsts" in
communications.
Developmental Engineering
Corp. was the designer of the
$40 million radiation system
of the Navy's new Cutler, Me,
VLF facility dedicated on June
%. providing inStanteous COM
municaitons to submerged SUBJ
marines. This is the first super
power high efficiency VLF sys-
tenn in the world. DECO has
just completed the preliminary
radio electrical design for q
simila rVLF installation for the
Navy with Holmes & Narver OF
Los Angles as the structural
designers.
Developmental Engineering is
we'll known as the prime conS
tractor for the Navy's Moon
Relay system which is the only
existing satellite communica-
tion system in daily operational
use.
1t is also the electronics de-
signer Of the worlds largest
radar space probe for explor-
ing outer space now under con-
Struction for the Air Force by
Cornell University at Arecibo
Puerto Rico.
Sent Message in Rock
Lester H. Carr sent the first
message through rock deep in
the earth's crust to President
Eisenhower last August, demon
Strating an entirely new me-
dium of communication.
Scatter Communications, Inc,
formerly a Maryland corpora
ton becomes the field service
division of the new corporation
with offices at Alexandria, Vir-
ginia.
Antenna Systems, Inc, holds
patents on the concept of COM
munication by inverted iono-
sphere through the earth and on
a steerable receiving or trans
mitting horn antenna which
is an advanced version of the
TAHA designed and constructed
by the corporation for the Sig
nal Corps at the Department
OF the Army Receiving Station,
La Plata, Md.
Evening star., 1961-07-13
Mrs. Brotherhood
Gets National Post

Mrs. Elizabeth M. Brother
hood. assistant vice president
and secretary of the McLachlen
Banking Corp, recently was
elected national treasurer of
the American Association of
University Women.
Mrs. Brotherhood will head
the associations general fl
nancial advisory committee and
serve as chairman for various
endowment funds.
Evening star., 1961-07-13
Grand Union Reports
4.6 Pet. Increase

Sales of Grand Union Co. to-
tailed $60,599,773 in five weeks
ended July /, an increase Of
as per cent from $57,911 ,609
in the like 1860 period.
Sales in 18 weeks ended July
/ amounted to $218,788,567. an
increase of IA per cent from
$203, 3,776,190 a year earlier.
Evening star., 1961-07-13
Cooper-Trent Fire
Does Little DAMAGE

Fire at the newly expanded
Arlington plant of Cooper
Trent Lithograph Corp. did
little damage early today and
operations will continue with
out interruption, Secretary
Treasurer . Arnold Butterfield
notified customers.
The plant is at 1926 Wilson
boulevard,
Evening star., 1961-07-13
J. c. Penney Sales
6.5 Pet. Above 1860

Sales of ]. C. Penney Co. in
June amounted to $120,536.504,
a gain of 6.5 per cent from
$113,165,557 in June last year.
Sales in five months of the
fiscal year totaled $525, ,539, ,957,
a rise Of 3.9 per cent from
$505, 1895, ,597 a year earlier.
Evening star., 1961-07-13
Sharp Gains Attract
Attention to National
Savings 8 Trust
By DONALD b. HADLEY
Star Financial Editor

Rapid growth of National Savings & Trust Co. shown
in the latest bank call figures attracting much attention
in the financial district.
Record assets of $1O5914287 June 80 up i'm
prese 357 per cent from $7834876 the date
They also ahead of 1880 last March 81
This the sharpes gain both doarwse and percentage
Evening star., 1961-07-13
OVER COUNTER

Following prices furnished by the
National Association of Securities Deal
within which locally active securities
could have been bought or sold al
l p,m ThurSday .Julv ia.
Evening star., 1961-07-13
CHAIN STORE
SALES

1851 Pct. Chg
Montgomery Ward
4 weeks to July 5 95,292.551- = Al
months - 505,957,259 r 81
Interstate Dept. Stores
June - 13,426,9S4 +74.a
months ------ 54,460,423 r 56.9
Howard Stores
June - 4,071 ,qa4 = 90
months ----- 2O,36S,2Ol r 43
Evening star., 1961-07-13
TREASURY BONDS

NEW YORK CAP)-Noon over the coun.
ter u. S. Government Treasury bonds,
bid, asked, net change and yield for
Evening star., 1961-07-13
MUTUAL FUNDS

NEW YORK (AP)
: National Associa-
ton Securities Deal
erS, Inc,
The Nome nugget., 1961-08-28
Brazil's Military Heads Refuse Coulart's Return

RIO DE JANEIRO, Brazil R,- Rainier Mazzilli, temporary presi- dent of Brazil, told Congress to- day the nations three military ministers have refused to permit vice president Joao Goulart to re- turn to Brazil.
 Goulart, under the Constitution, would succeed to the presidency left vacant by the resignation of President Jario Quadros last Fri day, if he returned to Brazil.
 Mazzilli's statement was issued at about the time Goulart was telling newsmen in Paris that he considered himself "the new presi- dent of Brazil" and that he thought a solution to Brazips crisis was approaching. He said he would tact in the best interests of my country
 Mazzilli told Congress the Min isters of War, Navy and Air Force had manifested an absolute opinion" that the return of Gou- lart would be bad for security req sons"
 Brazil, sprawling giant of 67 million people, was thrown into turmoil suddenly Friday when Quadros resigned after seven months in office. He declared he had been overwhelmed by op- ponents, Brazilian and foreign, of his strict economic and independ- ent foreign policies.
 His foreign policies had includ- ed talks on restoring foreign re- lations with the Soviet Union and refusal to take sides against Fidel Castro o4 Cuba. Officials prompt " suspended negotiations on re- storing relations with Moscow when Quadros resigned. Moscow radio charged that the unpredictable Quadros was forced to quit because of the "crude inter;:=ations by the United State! in BraziPs affairs" Robert Wood. ward, U. s. Assistant Secretary O 7 State for Latin American Affair, termed the Soviet charge absurd
The Nome nugget., 1961-08-28
Plane Crash in Fairbanks Claims Lives of I've

FAIRBANKS R - A single engined plane crashed into a pond on the east end of Phillips Field SatuT day, and two men were killed
 Claude L. Sanders, 50, a fore man for the National Park Serv- ice at Mt Mckinley National Park, died in the crash. Later, in a hospital, Bill Northey, sssssght instructor for Fairbanks. Ar Service, died. ss
 Witnesses said the plane had just taken off, and the engine apparently failed. They said the pilot tried to turn back to the field but the plane plunged into the pond about 200 yards from the end of the runway.
The Nome nugget., 1961-08-28
Ikeda Tells Khrushchev He's Meddling With U.S.-Japan Security Treaty

TOKYO M Japanese Prime Minister Hayato Ikeda today teld Soviet Premier Khrushchev be was meddling in Japan's affairs by demanding abrogation of the U. S.-Japan security treaty.
 In reply to a personal message from Khrushchev, Ikeda said in effect that unless the Soviet Union has aggressive intentions against Japan, tiie U. S.-Japan pact could not be a threat to Mos cow.
 The text of Ikeda's message, delivered to Khrushchev by the Japanese Ambassador in Moscow, was released by the Japanese Foreign Office.
 Ikeda also told Khrushchev Japan will stay allied with the free world
 Japan pursues freedom and democracy as the highest political ideals. This is and will continue to be our immediate policy" he said.
 Khrushchev's message said the Soviet Union could. not remain indifferent to the U. S.-Japan se- curity treaty and the presence of foreign troops. He said these hanpered normal relations be- tween the two countries.
 The message was delivered earlier this month by First De- p.1ty Premier Mikoyan during a visit to Japan in which he re- peatedly attacked Japan's mili- tary. alliance.
The Nome nugget., 1961-08-28
Kay Slaps Back At Hellenthal's Dismissal Charges


 ANCHORAGE M = Wendell P. Kay, named to the new state Democratic Central Committee chairman last weekend after Rep. John Hellenthal was busted from the job, Saturday repudiated Hell lenthars charges that his dismissal was illegal
 Tn doing so, Kay called Helen thai liar by comparing him to ananias, in the Bible, though avoiding the four-letter word it. self. s'The statement issued by MT. Hellenthal contains nothing but falsehoods and misstatement of fact" Kay said.
 Kay said that flor such an ac- cofnplished prevaricator as Hell lenthal to compare himself to a Christian standing before the hungry lions is almost sacreli- gious."
 In point by point statement, Kay rebutted each of Hellenthal's statements made in Juneau.
 ''The whole statement of Mir. Hellenthal,s is a deliberate at-. tempt to disguise the unpalatable
The Nome nugget., 1961-08-28

 fact that he was removed from office because he was doing a bum job. As state chairman he was a total and complete failure, and the axe he got was we'll justi- fled.
 "His attempt to blame his re- moval upon a conspiracy by the leaders of organized labor, and to shield himself behind the skirts of Gov. Egan, is as phony as a three dollar bill.
 ''His declaration that he does not intend to engage any further in politics is one of the most re- assuring things that has happened in years"
The Nome nugget., 1961-08-28
Many Sonic Booms
 Expected in Air Defense Exercise Called Skyshield

WASHINGTON tR = Air Force headquarters is advising all it's commands in the United States to expect a rash of telephone in- quiries and complaints about sonic booms on Oct. IA.
 On that day the North Ameri- can Air Defense Command tNORADa and the Strategic Air Command SAC conduct their massive air defense exercise called Skyshield.
 About 5000 sorties will be flown by approximately 2,O0O jet fighters and boInbers A sortie is one flight flown by one plane and some planes will fly several times on that aay.
 The messages going out to com msnds and all military airdromes request that all questions and complaints about strange ex- plosive sounds and mild shock waves be explained immediately, courteously and carefully.
 A sonic boom is the shock wave that streams downward from an airplane flying at speed faster than sound about 760 miles per hour at sea level, 660 Inpsa at attitudes of 40.000 or above. The shock wave actually is 3 brief in- crease in air pressure. Therefore, it is audible and usually heard as two sharp, explosive cracking noises because there really are two waves created, one froa1a the nose of the plane, another from the tail. k fr
The Nome nugget., 1961-08-28
State Troopers 10 Patrol HwYs. During Labor Day Weekend

JUNEAU R1 The State De- pertinent of Public Safety said today that every available State Trooper will be on the highways during the Labor Day weekend in an effort to prevent traffic deaths and injuries.
 Public Safety Commissioner Underwood said the State Police hope to make Labor Day week end, 1861, holiday free of traf- fic deaths. One person was killed during the 1860 Labor Day week end.
Evening star., 1961-04-16

rfn., walnut table
60x40 with leaves, 2 arm chairs,
4 side chairs, buffet, server, SIS;
2 walnut glass topped consul
tables. SO each: garden tools.
lawn mower, hand tools, cheap.
CT, 6-7064
Evening star., 1961-04-16
MUSICAL INSTRUMENTS
OFFICE FURNITuRE

OFFICE BUILDING, 1Ox22: 2
rooms, "a bath, gas heat; good
cond; Call TO. 9-7l5S or COL
PA. 5-l62O.
Evening star., 1961-04-16

sofa and ch., $50;
coffee tble.. dressing tble., bench,
Sessions mantle chime clock
SI2.5O; desk, nest of tblS., Ken
more washer w/wringer; walnut
or matt. S15 WA 7-0A27
Evening star., 1961-04-16

urn, large din. rm. set, 0 pieces
. twin beds, dresser, with mirror
chest, will deliver: S1OO. SP. g.
Evening star., 1961-04-16

e PIANoS-Used small grandS, Sl95,
. S245 and up. ST. 3-63OO, PIANO
| MART lllN rfh 81 u NJ
Evening star., 1961-04-16

FURN. OF IL RM. HOUSE, every
DC. in good cond.: incl. refriger. /;
gas stove, rugs, elec. water cooler,
fans, auto. washer: Carrier air
cond 631 z. Capitol st., Ii. 4
Evening star., 1961-04-16

FURN., sofa, ext. din. rm. table.
z chairs. dresser, good cond.
ReaS TIA Q-T6QS
Evening star., 1961-04-16

PIANO, = Spinet. Huntlngton; full
Keyboard; mshog. case. Like new.
| LA, 6-lO93.
Evening star., 1961-04-16

PlANOS-Army, Navy Air Force
and Marine personnel: govern
ment and District employees can
save real money on all kinds OF
instruments at the PIANO MART.
Evening star., 1961-04-16

FURN.-Decorator's dining table,
pink marble top, wrought iron
base, 2 arm and 4 sidechairs,
grey finish and black leather
upholstery; $500 lounge chair.
down pillow, $50; lady's desk and
chair, S25; dresser and mirror,
SIS; night table, So; scatter rugs.
EN- 3-6575
Evening star., 1961-04-16

DINING, Whitney. maple: buffet,
!, SO in. long: table, 3Sx54. ext. to
"a in; excel, cond.; 8x10 wool
hooked rug, like new; 30-in. attic
| fan Ap T-RQQ3
Evening star., 1961-04-16

MoToRs-H h.p.. IS; h.p.. Ac,
sIhI2S; y, Ils Iigs Jh.P;. $50, DICKENS
Evening star., 1961-04-16

FURN.-MOVING TO FLORIDA.
Entire contents of effic. apt. for
sale incl. Calf. Duo beds; every
thing modern design. Capitol
Park Apts., 500 4 tn st. s.w., DI.
Evening star., 1961-04-16
HOFFMAN,

Ewes. Til Q; Sat. Til 6
SUNDAY, l2 TO >
FURN.-Maple twin beds, $40;
guard rail and ladder, Sos: maple
chest of drawers, S29. French
Prov. coffee table. S35; French
Prov. end table, 500; boudoir
chair, So: Lawson sofa. $40.
Easy terms. 1st payment in May.
Free parking.
Evening star., 1961-04-16

FURN. and furnishings incl. solid
mahog. ,bedrm. set. Call RA. 3.
544 after 2 pm.
FURN. = Davenport, Homart win
dow fan, liv. rm. chairs, 6x4 u
rug, shoe ice skates, misc. OV
3-2692.
Evening star., 1961-04-16

FURNITURE-Beautfful salmon q
pc. sectional sofa, $50. Lounge
chair. turquoise foam rubber. WI
ottoman, $50. Lamps and tables.
Reasonable. HE. 4-5276.
Evening star., 1961-04-16

FURN.-Dbl bed, off white. gold
trim, w/matt. and springs. Must
sell, sacrifice. IA. 5-1535.
Evening star., 1961-04-16

FURN.-Elegant Fr. chairs, beds.
chests, misc: imp. lamps, mirrors;
fine broadlooms, Orient. throw
rugs. Pvt. home ia a-4n1A.