davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-01-19
TALKING OF BUSINESS
Ex-Crime Buster Has Dual Career
Running Independent Phone Firm

quiet for the most part COM
pared with the old days, when
he'd ride the lineman's truck
on stormy nightssto supervise
line repairs. Piedmont got rid
Of its last crank-type wall
phones in 1852. and now uses
a high percentage Of insulated
cables which has minimized
trouble from sleet and ice.
But its net profits are low, an
estimated 1923 per cent for 1860
"We're small, we can't expect
to have good profits with grow
ing pains all the time" he says.
Gets Merger Proposals
The manager admits he's had
several merger proposals from
other telephone companies,
though not from CAP. IF
they've been flirting with us,
he says Of the latter company,
I'm not aware of it,"
Mr.. Owens looks forward to
the airport business with meas
ured cheerfulness. "It certainly
will result In increased reve-
nue." he declares. but I don't
predict any swollen profit"
Meanwhile, there's also poll
tics. The manager served as
Commemorative attorney for
Prince william County from
1914 to 1860. and is currently
seeking reelection to the Vir-
gina House Of Delegates.
Add to this his job as first
vice president and general coun-
sci for the Piedmont Federal
Savings & Loan Association,
and the daily work schedule
Of Stanley A. Owens looks like
a crowded one.
Evening star., 1961-01-19
NBW Board Appoints
Assistant Cashiers

Four new assistant cashiers
were appointed by directors Of
the National Bank of Washing
ton at their organizational
meeting late yesterday, Pres
ident Barnum L. Cotton an
nounced.
They included: Joseph E.
Till, Harold M. Kusek, Orlo F.
Brister and w. Philip Gordon,
Evening star., 1961-01-19
YOUR
MONEYS WORTH
Innocent Steel
~ SYLVIA PORTER

During the years President
Eisenhower has been in office
our economy has been hit
violently by three great steel
strikes. Steel prices and wages
have climbed sharply. Com
petition to our steel industry
from foreign imports and other
metals has scared. So severe
and prolonged was the 1858
strike-l16 days-that toward
its end pressures became intense
for Government intervention
and the Labor Department
ordered a comprehensive re-
port on the impact Of postwar
steel strikes.
Yesterday, Labor Secretary
Mitchell issued the formal
report, and I'll wager it will
astound you and please every
body except the public. For 1t
concludes steel settlements
have had only "minimal effects"
on wages and prices; past
strikes have left mo permanent
scars" on our economy; our
CONSERVATION" about steel
strikes is not warranted: we
have mo overriding public
interest" in these strikes until
they reach "a truly critical
stage" at which time private
pressures for a settlement be-
come irresistible"
Therefore. the report
declares. there is no need for
minor or for drastic changes in
the way national strikes are
handled.
Mitchell Surprised
Indeed noteworthy" Mitchell
commented himself on re-
leasing the report, leaving no
doubt about his own amazement
at its conclusions.
It's "a foregone conclusion
that neither the approach nor
the findings nor the implica-
tions would be universally
approved" admitted the reports
author, Harvard Graduate
School Professor E. Robert
Livernash, reflecting the fact
that the Labor Department. S
own economists tore into It's
findings when they were first
submitted.
Few Of the hundreds of
Government reports I've read
over the years have shocked me
to the extent this one has
and I suspect you'll 60 along
with me when you finish
reading this column.
Have you. for instance, had
the impression that price in
creases in steel have contributed
nightly to our postwar infla-
ton?
Not so, concludes Livernash.
II steel prices had moved no
more than all other prices, the
Evening star., 1961-01-19
Oxenhunn Heads
D. 6. Chartered
Casualty Group

Robert v. Oxenham, sec
retary of Victor o. Schinnerer
& Co., has been elected presi-
dent Of District Chapter
Chartered Property and Casu-
atty Underwriters.
Other new officers: Frank
r. Griffiths, National Surety,
vice president; T. S. Orme of
Imperial Insurance. Inc, Sec
retary; Morris w. Wells of the
Mutual Insurance Agency
treasurer.
The CPCU. a professional
designation. is awarded for ad-
vanced study and examina-
tions in the field of property
and casualty insurance.
Evening star., 1961-01-19
First Federal Names
Grinder Vice President

E. Marshall Grinder was
elected a vice president Of First
Federal Savings and Loan AS
sociation at the annual organi-
rational meeting of the board
following the shareholders
meeting yesterday. 1t was an
nounced by Edwin jacobson,
president.
Douglas A. Brooks, Miss Ma
rion E. Poole and DR.. Edward
s. Witowski, jr., were reelected
Evening star., 1961-01-19
New Officers Named
By American Sdyinds

Directors Of American Saw
ings and Loan Association have
appointed two new officers, it
was announced by Richard H.
Sinclair. executive vice presi-
dent.
Alfred L. Cater was elevated
to assistant treasurer and Will
liam B. Fleharty. manager of
the Fifteen street branch, was
named assistant secretary.
Evening star., 1961-01-19
Thomos Buchanan Gets
Top Insurance Aword :

Thomas r. Buchanan of the
Northern Virginia branch office
Of New York Life Insurance Co.,
today received the Bernard Z.
Wilmer Award at a luncheon of
the District Life Underwriters
Association at the Presidential
Arms.
Considered top honor in the
life insurance business here, the
Wilmer Award is given annually
in recognition of outstanding
service to the institution of life
insurance in conformation with
the highest standards Of pro-
fessional service.
AS in other years the
recipient was given no advance
inkling that he would receive
the honor. Mr.. Buchanan, who
is past president of the asso-
citation and has been active in
other insurance organizations,
was not seated at the head table
and was called to the platform
for his big surprise.
Founded BY Attorney
The award includes a sterling
silver bowl engraved with the
names of recipients and a
framed engraved plaque for
permanent possession. The
award was established by Nor
ton H. Wilmer, Washington at
torney, in honor of his brother,
who died in military service in
World War II. A committee
from the association selects the
winner each year.
At IS years of age, Mr.. Bu-
chanan is one Of the younger
leaders in the life insurance
business here. He attended
George Washington University
and was with another insur-
ance company for two years
before joining New York Life
in October. 1850.
Because OF an outstanding
production record he was q
member Of the Presidents Club
Of the company from 1852
through 1856 and a member of
the Top Club in 1857, 1858 and
1859. He also qualified for
the Million Dollar Roundtable
from 1854 through 1858 and
has been a life member since
then.
He was president of the Dis
trict Life Underwriters Associa-
tion in 1859 after serving as
second vice president and first
vice president.
Leader i'm LEGISLATION
He also has been active in
the National Association of Life
Underwriters and since 1858
has served as chairman of its
important committee for af-
fairs Of veterans and service
men. He was a member of the
NALU Federal Law and Legis-
lation Committee in l956-1958.
Currently he is serving as
chairman of a special commit
tee for co-ordinating Federal
legislative action.
Mr.. Buchanan has been a
popular speaker at conventions
Of New York Life and various
insurance groups and is a past
president of the Life Insurance
Club Of Washington.
Other life insurance leaders
who have received the Wilmer
Award in previous years in
Evening star., 1961-01-19
CHICAGO
LIVESTOCK

CHICAGO. Jan. 10 ZAP, (UsDA)
HOGS 1000: moderately active,
butchers steady to IS hisher: sows
steady to strong; GOOD shipping de-
mand; mixed grade l-2 and mixed
l-3 l90-3?O lb butchers 11.5O-1S.O0:
mixed % ia B and dSs mixed eSns a.s as0os4o lbs IL;
u. 90. 17.1S; mixed 2-3 and IS 24O-
80 lbs 16.50-l7.25: mixed 20 and
IS .270-300 lbs l6.O0-16.t5; mixed
Grade l-3 and mixed "a 3OO-4OO ID
sows 14:15-15.T5; mixed grade 2-3
Cattle 1000: calves none: slaughter
Evening star., 1961-01-19


clude: H. Cochrane Fisher,
l947; w. Elwood Baker, 1913:
William Montgomery, 1919:
Eugene M. Thore. 1850, Joseph
A. Mari, 1851: Charles F. Suter,
1852; T. Loehl O'Brien, 1858;
Paul H. Primm, 1854; Louis j.
Grayson, 1855; Joseph S. Bald
win. 1856; Vernon E. Holleman,
1857; c. Carney Smith, 1858
and j. Hicks Baldwin, 1859.
Mr.. Smith, the 1858 award
winner, presented this years
award as chairman Of the,
awards committee. Wayne E,
Dorman; association president.
presided at the luncheon and
Russell w. Steger, Chicago
general agent for New England
Life, was guest speaker. -.
Evening star., 1961-01-19
By TRUMAN r.. TEMPLE
Star Staff Writer

In l945 a man named Ray
mond Saunders got sent up for
five years on a manslaughter
rap, II years after he COM
mitted the crime near Quantico,
Va.
Later the popular radio pro-
gram, "Gangbusters," drama
tized the story as "The Case of
Scissors Saunders"
What's all this doing on the
business page? Just that the
successful prosecuting attorney
in the case popped into the
news once again this week, this
time as manager and majority
stockholder Of a tiny and highly
independent telephone COM
pany.
Stanley A. Owens, Common
wealth's attorney in the bizarre
case. is a deceptively mild look
ing businessman whose reputa-
ton as a tough legal infighter
hasn't hurt him in the tele.
phone business
Gets u. s. Loan
The news last Monday was
that his Piedmont Telephone
Co. had received q loan of
81 ,S74. 1000 from the Rural Elec-
trification Administration to
help it provide phone service
for the new Jet airport at
Chantilly.
In an era when small inde-
pendent telephone companies
have steadily been swallowed
up in mergers (fewer than
3,400 independents today ver-
sus $500 in 1950), Mr.. Owens
shows no sign of joining the
trend.
Il don't feel I'm under any
pressure to MERGE" he insists,
but adds thoughtfully, THE
other companies know of my
resoluteness in pursuing this
business. And I'm still on the
Virginia Independent Telephone
Association board of directors.
I've been there since 1943."
The tiny Piedmont company,
with a total of only Is en-
ployes and an investment of
$645.503 in plant and equip
ment, operates in the shadow
Of the Chesapeake & Potomac
Telephone Co. of Virginia. The
latter has $500 employees, and
assets worth 1888 million.
Relations Cordial
Mr.. Owens insists relations
with his mighty corporate
neighbors are friendly. EN-
broiled in a hassle two years
ago with Cap over Jurisdiction
at the Chantilly Airport, Mr..
Owens won the dispute on the
flip Of q coin in an out-of-court
Evening star., 1961-01-19

steers and heifers strong: COWS steady
TO 2S lower: other classes steady:
few loads and lots Rood to choice
I.O0O-l .325 ID steers 25.OO-as. so; a
few standard and mixed standard and
sSoIe. sSoG 70 ss,;:,. SGs4 2S tsw good to
and standard 15.50-22.s5; utility and
commercial cows l4.15-l6.5O: Gamers
and cutters l..O0-l55O: utility and
commercial bulls 1S50-.l 90: good
and choice vealers - .O0-26. 90: cufis
down to 200: a few loads and lots
good to choice a5O-l,025 ID feeding
steers 24.5O-36.OO.
Evening star., 1961-01-19

directors for three-year terms,
Mr.. jacobson announced.
w. F. Morrison, executive
vice president and manager
Of First Federal. told share
holders that "the continued
substantial growth of the
association was attributable to
the stable economy enjoyed in
the Washington Metropolitan
Area. He predicted a good year
for 1861,
Evening star., 1961-01-19
House Members Submit
Bills to Boost axes
Of Sovings and Loans
BY DONALD B. HADLEY
Star Financial Editor

Two members of the powerful House Ways and Means
Committee introduced identical bills designed to greatly
increase Federal income of the Nations savings and loans
associations.
Representative Harrison of Virginia and Repre-
sentative Curtis Republican Missouri said Yesterday their
Evening star., 1961-01-19
METALS

NEW YORK, Jan. I9 tAP) Spot
nonferrous metal prices today: Copper
20 cents pound, Connecticut Valley
Zinc liz cents a pound. East 81
Louis. Tin 81 .00h q pound. New York
Foreign silver 81 "a cents per troy
ounce. New York Pittsburgh scrap
steel No. ] heavy was quoted By Iron
Age at 29.00-30.00.
Evening star., 1961-01-19
OVER COUNTER

Following prices furnished by the
Nationa! Association Of Securities Deal
within which. locally active securities
could nave been bought or sold at
] pm. Thursday, January 10:
Evening star., 1961-01-19

6ooOOAot4OLlo.
Representative Harrison, D
sentative Curtis, Republican oi
bills were designed to provide
millions Of dollars of additional
Federal revenues and also bring
about greater tax uniformity
between commercial banks. saw
ings and loan associations and
mutual savings banks.
Their joint announcement is
sued to the press last night
said the proposed legislation
would modify the present ia
vored tax position enjoyed by
savings and loan associations
and mutual savings banks,
which enables them to avoid
paying a fair share Of Federal
income tax, thereby depriving
the Treasury of needed reve-
nue."
transfers permitted
Congress established in 1851
the principle that savings and
loan associations and mutual
savings banks should be sub
ject to Federal income tax, but
q last-minute. change In the
1851 law permitted them to
avoid a large portion Of their
taxes by transferring funds to
loss reserves, the statement
declared.
The 1851 law provides that
an association or mutual saw
ings bank can deduct any
amount of transfers to a re-
serve for bad debts until their
reserves, surplus and undivided
profits equal IL per cent of
their deposits or withdrawable
share accounts, it pointed out.
Specifically. the bills would
repeal this provision for mutual
savings banks and savings and
loan associations. The matter
Of bad debt reserves for them
then would be subject to Treas
ury rulings as now is the case
for other taxpayers.
After eight years Of the 1851
law, associations and mutual
savings banks actually have a
greater margin for deduction
by transfers to reserves than
they did when the law was first
enacted, asserted Representa-
tive Harrison.
while these institutions are
growing at a tremendous rate.
the amount they pay in Federal
income taxes shows hardly any
increase from year to year." he
declared.
Amounted to 1853 Per Cent
f. II am informed that in 1852
Federal Home Loan Bank mem
Der savings and loan associa-
tionS had net profits before
taxes of $194.404.00O on which
they paid S3.176.000 in Federal
income taxes. or 1853 per cent
of net profits.
I'm 1859 according to my in
formation member associations
had net profits before taxes of
,$555, ,7S7, 900 Of which they paid
SIS, 5,346.000 in Federal taxes, or
less than one per cent of net
profits. At a time when the |
Government sorely needs tax
dollars. these institutions should
be required to pay their equit-
able share Of taxes"
Representative Harrison esti-
mated the proposed legislation
would raise between 5000 mil
lion and $3.50 million. the first
year after passage.
Joining with his Democratic
colleagues. Representative Cur
tbs commented: I'm addition to
providing increased revenue,
this proposal will remove the
discriminatory application of
the Federal income tax between
commercial banks, savings and
loan associations and mutual
savings banks.
"Over an eight-year period,
commercial banks paid IS per
cent Of their net profits in
Federal income taxes, while
savings and loan associations
and insured mutual savings
banks paid about IA per cent
of their net profits in Federal
income taxes, after deduction
Of interest and dividends"
Representative Curtis declared.
Evening star., 1961-01-19

general price rise would have
been only "a to 4.S per cent
less in l947-53 and only "a to
s per cent less In 1953-5S.
Even the price upsurges in
steel-using industries. he finds,
have been due much more to
our big buying than to hikes
in steel prices. THE independ-
ent influence Of steel prices
on initiation has been modest, "
Livernash says-which is surely
pleasing news to the steel
makers but not to many others.
Wage Effect Discounted
Have you had the impression
that wage increases in steel
have been a key factor in the
upward swing Of wages in these
years?
Not so either. says this
astonishing report. Steel con-
tracts have mot been a major
factor In new and higher
patterns Of wage-fringe bene-
fits" and this applies even to
the fabulous 1856 settlement.
"Steels independent influence
on wage trends has not been a
crucial one"-a judgment which
will delight the Steelworkers,
but not many others.
Have you believed that the
great strikes have brought real
losses to our economy?
Wrong again, says Livernash.
Steel inventories are built up
before and rebuilt after the
strikes and the whole thing
comes out about the same over
a year. This may comfort steel's
public relations experts, but I
wonder how many of those
whose building projects were
interrupted or sales slashed by
the 1859 strike would agree
with this one.
Imports Belittled
And SO the report goes for
BIT pages-even condemning as
exaggerated our concern about
competition from imports and
suggesting only that more
attention be paid to national
defense during strikes.
Well As a reporter who
has followed each steel strike
with care, my considered COM
ment is that If we're eXag-
gerating. this report is seriously
undertaking. After this, I'd
not be surprised if Livernash
decided our entire postwar
initiation has been made in
heaven and neither business
men nor labor unions have
played the tiniest part in it,!
| distributed 1881 by The Hall
syndicate. Inc. All Rights Reserved)
Evening star., 1961-01-19
TREASURY BONDS

NEW YORK tAP) Noon over the coun.
bid, asked. net change and yield for
Evening star., 1961-01-19
MUTUAL FUNDS

onds.
T Partially tax exempt.
Evening star., 1961-05-10

These prizes effective until close Of business Saturday. MOy 49,
1851, in Washington 0. {. MARYLAND HIs Heights, IukOmO
Pork ndiun HsOd sudsnbUrg COruI H tupiO Heights MO
bOrO Dshssdu Silver Spring. Rockville GuhsTsburV Lovrs WR
GNlA Msxundru Arlington FOfux FsEs Church. McsGn AnnCn
dus smdOn LsssbUg PUcsIvs. MOnuus MiddsbwS We Re.
SERVE THE RIGHT TO LIMH QUANTITIES Produce prices subsd 10
dolly musi changes. Some Of the items listed In this odSss.
msnt mOy not be found IN all Of our Stores
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
LAOS

Continued From First Page
the agreement on Prince Sou
wanna eased considerably the
apprehension here that new
fighting might flare with the
end of the rainy season In a
few weeks. The cease fire was
officially proclaimed last May 3.
In Geneva, Western sources
expressed hope the agreement
would help end the deadlock
in the five-month East West
conference there on Laos. A
major obstacle has been that
each Laotian faction sent a
presumably now will be unified.
Both the Western allies and
the Communists have an
nounced their support for the
idea Of a neutral Laos, but the
Communists refuse to accept
Western demands for interna- =
tlonal supervision.
Cambodia's Prince Norodom
Sihanouk, who helped arrange
the 14-nation Geneva confer
ence, told newsmen in Tokyo
shortly before news of the
agreement on Prince Souvanna
that he was very pessimistic
about the chances for neutral
ity in Laos. He predicted that
even under Prince Souvanna
the process of communication
Twill come step by step like
cancer"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09

Grafton. will not intervene in
cases Of this type"
In appealing this decision,
attorneys for the city residents.
Joined by the Justice Depart
ment, argued that the district
court erred in thinking the 1916
Supreme Court decision in the
Colegrove case put apportion-
ment matters outside the juris-
diction of the Federal judiciary.
A brief filed by the Justice
Department for today's reargu-
ment set forth the view that
the Supreme Court now should
merely assert its general au-
thority to review allegations
that Federally protected rights
are jeapordized by apportion-
ment plans and then let the
district court decide whether 1t
can usefully exercise that juris-
diction in the particular situa-
ton in Tennessee.
In an answering brief, the
attorney general Of Tennessee
said the course the Justice De-
partment was urging was de-
signed Ito have this court re-
mand the case. not for the pur-
pose Of trial or the entry Of a
decree, but the purpose Of fore
ing the General Assembly of
Tennessee to take action"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
SUPREME COURT
DECLINES SNIFF
OF PERFUME CASE

The supreme Court to-
day declined to take the
sweetest smelling case a
the term.
The case invoices the re-
bottling Of Lanvin's ex-
penSive "Arpege" in mex
pensive 1-gram bottles,
marked as rebottled from
the genuine product" by
lie Dams, Ltd.
Lanvin went into the
New York court to halt the
rebottling and resale of
the imported cologneS and
toilet waters. The NewYork
Court Of Appeals ruled with
Lanvin that a State statute
prohibits rebottling and
reselling trademarked pro-
ducts irrespective of actual
fraud.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
COURT

Continued From First Pagt
seniority after an employer hal
moved a plant to another city
Judge J. Warren Madden Of
the Court of Claims had sat or
the Second Circuit Court of APP
peals when that court rulec
that employees we're entitled tx
seniority and unemployment
when the employer moved his
plant from one State to an.
other. The Supreme Court in
accepting the case specified
that it was considering only the
question of Judge Madden's
participation in the decision.
Price War Review
In other actions, the court.
l. Agreed to look into the
constitutionality of a congress
sional ban on price wars to
eliminate competition. The
Government had asked the
high court to review a Federal
district court ruling in Mis-
souri, that a section Of the Rob-
inson-Patman Act Is unconsti-
tutionally vague. The section
makes it a crime to sell goods
at "unreaSonably low prices" to
destroy competition.
2. Agreed to hear q case test
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-09
Court Refuses
Challenge 10
Fair Trade Act

The Supreme Court today re-
fused to consider q case chal-
longing the constitutionality OF
Virginia's Fair Trade Act.
The high court dismissed the
appeal for want of a substan-
tial Federal question.
The law was contested by the
Standard Drug Co. of Rich
mond, which had contended
unsuccessfully in the lower
courts that the Virginia law
authorizes price fixing without
contractural agreement and Il
in conflict with the Sherman
Antitrust Act.
The company had asked for
a ruling that the General Elec-
trio Co. could not fix the re-
tail prices to be charged by
Standard for General Electric'S
flash bulbs.
In seeking Supreme Court
review, Standard claimed that
the high courts of 10 States
have held fair trade laws I'M
constitutional, but predicted
that proponents Of fair trade
laws will push for new laws
based on Virginia's statute
which was passed in 1858.
Other Cases Refused
The Supreme Court also re-
fused to review these other
area cases:
A case involving an old home
and land taken to clear the way
for construction Of the Dulles
International Airport in Chan
tilly. The owner Of the prop
erty. Lewis Travis, wanted the
high court to review a Court of
Claims decision that the United
States acquired title to the
property in 1858. The owner
contended that the title was
his until 1860 when the land
was rezoned for industrial pur-
poses and the value increased
to more than SO million.
The property, known as
Lection" repeatedly was built