davidaulloa/AmericanStories huggingface dataset:
Evening star., 1961-12-06
BY DONALD B. HADLEY
Star Financial Editor

The Controller of the Cur
rency has been asked to con-
slider an application for a new
bank in the Ristrict of Colum-
bia and has approved branches
for four existing institutions.
Application for the new bank,
is being investigated. but a re-
port has not been completed.
A prominent group Of Wash
ingtonians are listed as spon-
sors for the institution and the
proposed location is in the vi
cinity of Eighteenth and K
streets NV. SponsoreS list Dis
trict of Columbia National Bank
as first choice for a name.
The application proposed in
itial capital funds of So million.
These would include 100000
shares of $40 par stock for a
total of So million; $750.000 of
surplus and $250,000 of undi-
vided profits.
Robert E. Mclaughlin, for
mer president of the District
Commissioners, and Herbert C.
Blunck. vice president and man.
ager of the Statler- Hilton Hotel
are among the sponsors. Others
listed on the application in
clude:
Arthur w. Arundel, 203 Word
Center Building: Philip A.
Guarino. 1903 Georgia avenue
NV; Irwin L. Siegel, 17l7
Pennsylvania avenue NV:
David E. Snyder, 919 Eight
eenth street NV: Irving S.
Lichtman, 1901 K street NV;
James D. Hittle, 200 Maryland
avenue NE.
A summary from the Con-
troller's office also said approv-
al had been given for additional
branch offices of the Riggs Ma
tional Bank. the Union Trust
Co., the First National Bank
and Industrial Bank.
The new Riggs branch will be
located on the southeast corner
OF Connecticut avenue and T
street NV. and will be in the
neighborhood of the new Wash
ington Hilton Hotel.
The Union Trust Co. branch
has been planned in the 100
block of Connecticut avenue
{ NV, but no special site has
been announced.
The First National Bank
, branch will be operated in the
banks present main office at
1881 G street NV. after the
main office is moved in the
coming year to the new First
National Building at Pennsyl-
vania and Seventeenth street
NV.
I The Industrial Bank branch
J will be its first and will be To-
! Gated at 4810-48l2 Georgia ave-
/ nue. NV.
Evening star., 1961-12-06
Price Growth Fund
Declares Dividends

Directors of T. Rowe Price
Growth Stock Fund, Inc, have
declared a dividend Of IA cents
a share on undistributed Or
binary net income and so cents
a share from net profits on
securities sales.
This compares with IA cents
a share from income and 40
cents a share from securities
profits in 1860.
Net asset value amounted to
$17.60 a share and total net
assets increased to $70,151 ,075
on November 81, compared with
$38,231,698 a year earlier.
Evening star., 1961-12-06
PEOPLE
IN
BUSINESS

William r. McAndrew, ex-
ecutive vice president, news, OF
National Broadcasting Co., has
been elected a director. He
formerly managed stations
WRC and WRC-TV in Wash
ington.
Joseph RucinSki, official OF
the World Bank since 1916, has
joined Kaiser Industries Corp
as vice president. He has been
director of operations for the
bank in South Asia and the
Middle East.
J. Martin BOnesteel, assistant
secretary of Perpetual Building
Association. has been elected
president of the Bethesda (Md.)
Kiwanis Club and will be in
stalled January 2. .
Peter Security has been ap-
pointed Washington district
manager for Maxson Electron-
les Corp.
John C. Cahill has become an
associate in the architectural
firm of Anthony F. Musolinc
and the firms name has been
changed to Musolino and Cahill
John ]. Shea has been named
research director for Cosmic
Inc. a Washington research
and development firm.
Alexis SmislOva and Thomas
Caraterra have formed a part
nership Of consulting engineers
with offices at 8719 Colesville
road in Silver Spring, Md.
Evening star., 1961-12-06

1t will be harder to borrow
money and will cost more next
year.
This must happen If we as
sumo the business upswing will
continue and this is q valid
assumption.
This must happen If we as
sumo the Government will act
to defend the dollar by keep
ing interest rates at a leveI
high enough to stop "hot
money" from flowing out o.
our country and this too is 9
valid assumption.
Trends both in our economy
and in the internationa
money markets are pulling to.
ward tighter money and higher
interest rates in 1862. Devel-
oping is a classic combination
of forces for this cycle.
1t means that borrowers ir
all categories and at all levels
will pay more for credit si2
months from today than to-
day.
It means that the practical
sensible thing to do is start
bargaining on loan terms ano
rates now.
Recession over
Actually, credit has remained
easy to get and comparatively
inexpensive for a long period
1t was almost two years ago
at the beginning of the 1960-61
recession-that the Federal Re.
serve System reversed its money
policy and started to pour funds
into the banking system on an
increasing scale to encourage
lending. to help lower interest
rates. to restimulate business
activity.
The 1960-6l recession has
been over since February We're
out of the recovery phase, into
a period of expansion to new
peaks. Still the Federal Re-
serve System has maintained
its policy of easy money. It
has continued supplying ample
funds to the banking system.
It has put its emphasis on
encouraging business, not re-
straining initiation. The rise
in interest rates through these
months of business advance,
has been exceedingly mild.
But 1925 pattern won't be
1961's pattern.
On the domestic front, the
economy is in a major upturn
and as the expansion broadens
demands for loans are certain
to climb. At the same time,
it is most improbable that the
Federal Reserve System will
pour funds on 1961's scale into
the banking system. Instead,
the likelihood is that the ris-
ing demands for funds will dig
into a limited supply of credit
and the result will be upward
pressure on the price for money.
Gold Is Problem
On the international front
the force for higher interest
rates will be the fact that once
again, we are deep in the red
in our accounts with other
nations. Our spending abroad
is now running at an annual
rate of So billion above what
we earn from abroad and for
eign creditors are building up
huge balances in dollars in New
York which they can turn into
gold or send to other financial
centerS at will.
If our foreign creditors with
Evening star., 1961-12-06
Johnson Elected
Vice President of
C&P Companies

William F. johnson, secre-
tary and treasurer for the four
Chesapeake 81 Potomac Tele-
phone Companies, operating in
Washington, Maryland. Vir-
ginia and West Virginia, has
been elected vice president, Sec
retary and treasurer. effective
December /.
Mr.. johnson is q native OF
Maine and a graduate of Bow
doin College. He began his tele-
phone career with the Wash
ington company as a student
accountant in 1880.
He transferred to the Mary
land company in 1910 and
served as payroll supervisor,
district traffic manager and
general traffic personnel super
visor. In 1945 he became audi
tor Of disbursements for the
c. & P. of Virginia. general ac-
counting supervisor in 1949 and
auditor in 1850.
Later he Joined the group
staff in Washington as assist
ant controller. He was named
assistant vice president in 1852,
assistant vice president and as
sistant secretary in 1857 and
secretary and treasurer in 1859.
He is a member and past
president of the Washington
Society of Investment Analysts
and a former director of the
National Office Management
Association.
Evening star., 1961-12-06
OVER COUNTER

Following prices furnished by the Ma
tional Association of Securities Dealers
in Washington represent the ange within
which locally active securities could
have been bought or sold at II m.
Wednesday, December 6, 1851:
Evening star., 1961-12-06
CHICAGO
LIVESTOCK

tYesterday's Quotationsl
CHICAGO. Dec. 5 (AP).-(USDA)-
HOGS 10,500; opened moderately active.
sows mostly steady. after. a few early
after early round active; butchers and
sales steady to 25 lower: late and clos
ing fully steady; good shipping de-
mand: early clearance on ali classes
mixed n 0S 1.S 1@90.330 go lbs but butchers hers 1915:
mixed 1-3 190-250 lbs 16.OO-16.75;
mixed 1-3 and 2-3 250-29O lbs 15.5Q-
mixed 1-3 100000 lb sows 1880
1900: 2-a and Ss 100000 lbs 1880
Cattle $500; calves 100: slaughter
steers and heifers active, steady to
fully 25 higher: clearance broad; veal
a .fe.s ssesdy g load n.d Of Of Gis prime
prime / ;150 lbs $3.50; several loads
mixed choice, and prime 1.125-1.175
lbs 81 7O0-27. 25: bulk choice 95O-1.3 $50
ID steers 20: :50-26. So; good grades
23. 1925. .25;. three loads high choice
and mixed choice and prime 925-1, 900
b heifers -25.5O;, most choice heifers
24.25-2526: good 2300-24. 90; q load
900 ID mixed standard and good $3.50;
standard and good vealers 19.00-25. 90
Evening star., 1961-12-06
Jean Korr Co. Gets
New Warehouse

The Jean Karr Co. has moved
to a new 100000 warehouse al
5656 Third street NE, designed
especially for storage Of hard
bound library and school text
books.
The $4,000 -square-foot ware
house has both temperature
and humidity controls anc
also better lighting than
usually is found in storage
facilities. 1t was constructed
by the Minkoff Co. and was de.
signed by Gitlin-C Cantor Ala
| Associates.
Evening star., 1961-12-06
PLAN ARMORY AUTO SHOW IN JANUARY

Area auto leaders recently plan the 1862 Auto
ct Amoy January 1914 Seated Norman Wearne Qe Phelps
chairman Standing Cleft to right Lee Ko Anacosia Chrysle
fmOu Thomas Hook American Service Cene Frank p Palmer
Palmer Mercury Mike Murphy show executive
president of the Automove Trade Association National Capital
The 33d annual show is sponsored by the association
Evening star., 1961-12-06
Dividend Is Voted
By Aero Geo Astro

Directors of Aero Geo Astro
Corp. of Alexandria have de-
clared a dividend of 2 cents a
share. payable December IS to
stockholders of record De0em-
ber !.
President Kenneth S. Kelle-
her said steady growth has en-
abled the firm to pay more than
$175,0OO in employe bonuses and
dividends. The company is plan
ming to move into a new 81
million plant at Edsell and Lin
colnia roads, Alexandria.
Evening star., 1961-12-06
Fire-Domoged Acme
Resumes Operations

The Acme market at 1924
Sixth street Sc. which was
damaged by fire in mid-No-
vember, reopened for business
this morning.
The unit has been completely
restocked and redecorated and
special sales were featured at
the reopening. C. E. Bowen,
general superintendent OF
Washington area operations
directed the reopening. James
Clark is manager of the store.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01
z Newsmen
Hail Kennedy
JOHN F. KENNEDY: A Sense

JOHN F. KENNEDY: A Sense
of Purpose. BY Charles Lam
Markham and Mark Sher-
win. (St. Martins; $3.50
This newspaperman writing
team has written two previ-
GUS books, one on the Roose-
welt bank holiday of 1898. The
other on sports cars. Now
they have essayed a some
what more difficult task an
evaluation of virtually every
thing of Importance that has
been done by or done to the
Kennedy administration up
to the midway point in its
first year in office.
The authors, who cannot
be accused of setting forth
any profundities, find Mr..
Kennedy off to a solidly sue
ceSSful start IN almost every
area. But while they may be
said to be simpatico with the
king of the New Frontier,
they do not pass up the
chance to criticize him when
they feel the occasion calls
for it. For example, they did
not like his handling of the
Cuban fiasco and chided him
for not pressing for new civil
rights legislation.
Mr.. Sherwin Is news editor
Of the New York Post, Mr..
Markham a copy editor for
the New York Daily News.
Il. EDGAR PRINA.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01
BOOKS IN REVIEW
Greet Biography
Sinclair Lewis
BY DAY THORPE
Star Book Critic

SINCLAIR LEWIS: AN AMERICAN LIFE. By Mark schorer
McCraw- Hill SOD
The reader of books rejoice in Mark Schorers defn
tive biography of Sinclair Lewis for two First it
recall for reconsideration important American writer
whose books dead beyond the possibility either of
resurrection reincsrnaon by imitation their
day were vital Thoreau Melville, Fitzgerald Hemingway
died and reborn but Lewis writer fgure)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01
Mrs. CIopper Considers
She Is q Lucky Woman

She deplores a current lack
OF hostesses in Washington
whose parties can make
great contributions to the
thinking and purposes of ma
tional leadership" Mrs.
Jane Ickes. widow of the
"curmudgeon" Harold, is one
she would like to see fill the
vacuum.
Her theories on child rear
ing. in-law relationships and
world problems also are min
gled with copious quotations
from her husbands writings
in this story OF a Kansas
girl who eloped, at II. with
a 2l-year-old printer whose
devotion was to make her
lone lucky woman"
FRANCES LIDE.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01
FICTION

THE WHITE RAJAH. BY
Nicholas Monsarrat. (Wil-
liam Sloan Associates;
$4.95D A historical novel by
the author of THE Cruel
Sea- about an adventur-
Gus Englishman in Asia.
THE GARFIELD HONOR.
BY Frank VERIFY. dial;
$685. Three lovely women
and a devilishly attractive
man figure in this novel.
The scene Is Texas, the
time post-Civil War.
WHITE APPLES. BY Arno
Karlen. Uippincott; $4.50O
The book takes it's title
from a short novel of a
doomed love affair. Six
short stories and IL fables
are also included.
THE CAPTAINS DAUGH-
TER and Other Stories. BY
Alexander Pushkin. CEv-
eryman's Library: E. P.
Dutton and Co.. Pushkin,
better known as a poet,
was also one of Russia's
great story tellers. This
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01
His Chief Seer ellis
Of Alexander the God

Julian, since his wife is
wholly devoted to the nurture
OF his slim talent.
Down the road is the wildly
haphazard Groby household.
cts four little boys are con-
veniently named Moi. Toi,
Lui and L'Autre.) When
Gorby is urged by a friend
to bring some of his work to
Paris, he presuades Julian to
go with him. One of the
men becomes an overnight
sensation, and the other is
forced to recognize, but not
accept, his failure.
FLAME OF FIRE. BY Jane
Oliver. putnam; 1885,
William Tyndale was the
first man to translate the
Bible into English. The idea
OF a novel based on his life
is a splendid one, but Miss
Oliver. whose fifteenth book
this is, fails to make much
OF anything out of the ma
terial at hand. Her turgld
prose manages to make even
the exciting events LEADING
up to Tyndale's capture and
death by fire sound Distress
ingly matter fact.
The author is not one for
lights and shadows in ap-
praising the extraordinary
complexities of the times she
writes about. In her natural
prediction for her hero she
offers a Senselessly distorted
picture of England's great
chancellor, Sir Thomas More.
RUTH HUME.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01
ONE LUCKY WOMAN. BY
Olive Clapper. Double
day & Co.; $685.

OllVe Clapper. Double
day & Co.; $3.50
Olive clapper describes
herself as an average
woman of this fateful era
unusual only in my
ability to pinpoint danger
earlier than most people can
sense it."
Her marriage to Raymond
Clapper provided most of the
material for this book-an
intimate account of their life
together, but also a chronicle
OF the times and Of famous
personages she came to know
as the wife of an eminent
columniSt and commentator.
In spite of children and
household chores, newspaper
mems wives never lose con-
tact with national or world
affairs-never, that is, If they
are wise" she says.
After she overcame the in
itial shock Of her husbands
death in a collision of bomb
ers in World War II, Ray
Clapper's widow lectured,
took up writing herself and.
in 1858, became associated
with CARE.
Her first venture as a Cas-
sandra developed from a
journey with her husband
which carried them to Ger
many and Russia in 1887.
Olive Clapper shared his
foreboding that the Hitler
menace soon would lead to
war but "in the long run.
communism is the threat and
we had better not forget
that" Such grim prognos-
tications, she recalls, weren't
popular with their friends or
the civic and women's groups
she addressed after her re-
turn.
An early encounter with
Senator Joseph Mccarthy
also filled her with skepti-
cism, though she did not then
envision the power he would
WELD in Washington.
She writes gaily of the
Capitals social whirl, evok-
ing nostalgia memories-of
informal press gatherings at
the White House in the
Franklin D. Roosevelt days,
for instance; and of the late
Evalyn Walsh Mclean who
kept shoe boxes filled with
Jewels on the shelves of a
bedroom closet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01
ALEXANDER THE GOD. By

ALEXANDER THE GOD. BY
Maurice Druon. (Scribner's;
$4.50D
This is historical fiction
raised to a high artistic level.
The distinguished French
novelist, Maurice Druon, we'll
known for his chronicles of
medieval France. now turns
his gifted attention to the
life Of Alexander the Great.
Told through the somewhat
specialized viewpoint of Alex
ander's chief seer. the book
gives a lucid and cohesive
account of the campaigns
that led the armies of Mac
edonia across the sands OF
India to the boundaries of the
known world.
Druon, working from the
valid If not universally &C
cepted theory of Alexander's
belief in his divinity, offers
a convincing guess at the
motivation that led the young
man to conquer so great a
part of the world in so short
a span of life.
A FRAME FOR JULIAN. BY
Yvonne Mitchell. Morrow;
$500
Already an internationally
noted actress and a play
wright. Yvonne Mitchell now
ernerges as a novelist of
skill and sensitivity. This is
the amusing and terribly sad
story OF two English artists
who are neighbors in a small
French village. Julian's neat
little world revolves exclu-
sively for the benefit of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01

entailing publication of the
entire writings of the most
illustrious family Of Amer
lea. The 80 to 100 volumes
will contain the diaries, let
terbooks, letters received, and
miscellaneous papers of the
first three generations of the
Adams clan. ending in 1889
with the death of Abigail
Brooks Adams, wife of the
first Charles Francis Adams.
Thus the works of the three
later, famous, and articulate
Adams-Charles Francis II.
Henry and Brooks-are left
to other editors.
This, the letterpress edi-
ton of THE Adams Papers,"
although it promises to be
not only one Of the most am
bilious. but also one Of the
most voluminous undertak-
ings in American publishing
history, is an abridgment.
The editors wisely decided to
omit material Of no intrinsic
interest, and of use solely to
scholars. The complete edi-
ton 0954-9) Is on SOB reels
Of microfilm, available in
libraries.
Much of John Adams writ
ing has not heretofore been
published. and some that
has, edited by Charles Fran
els Adams, suffers from
bowdlerization. Family pride
was probably the cause of
deletion of Adams quaint re-
Elections over the choice of
a wife. and prudery was re-
sponsible for the suppression
OF many of Adams char
acteristic witticisms and gall
lantries.
The editing Of this edi-
ton is exemplary. The typo
graphical arrangement is
esthetically pleasing, and the
notes are thorough. They
wear their authority lightly,
adjoining the text rather than
encumbering it. Physically,
the volumes are comparable
in beauty to the handsome
Yale Franklin Papers" The
only thing amiss with THE
Adams Papers" is the abb
sence of an anticipatory bull
letin to hint when we can
expect the next four vol
umes. ID. T.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01

of them after his graduation
from the University of Vir-
ginia Law School. Mr.. Pref
tyman's knowledge of his
subject and some of the
incidents or anecdotes he re-
cites-were gained first hand.
In his own personal con-
illusions which follow the
variations and examination
of the six cases. the author
places those cases in perspec.
tive as one small, If illustra-
tive, part of ihe broad sub
ject with which he deals. For
every defendant who has had
his case reversed by the
Supreme Court, there are
scores, he says. whose cases
would have been reversed had
their attorneys been more
skillful, more imaginative or
more active. OF AZ death
penalty cases appealed to the
Supreme Court in the 1852
so term. the court refused to
hear argument in 90, re-
turned two to the lower
courts for further hearing,
heard arguments in only H.,
Of which six were dismissed
and five convictions reversed.
Court of Compassion
The Supreme Court stands
as a last bulwark. the author
concludes. against niscar-
riages Of justice that may
have been condoned in the
lower courts merely by re-
fusal to act. He finds, in sum-
nation, that compassion is
one of the more active ingre-
dents in the workings of this
single branch of huge and
powerful Government
Compassion for the fate Of
solitary people, of desperate,
lonely, untutored, and dis
turbed people. Compassion
for human life regardless Of
its extrinsic WORTH
Nowhere, on the books
Jacket identifying Mr..
Prettyman as a practicing
Washington attorney, q
graduate of st. Adams, of
Yale and of the University
OF Virginia Law School: a.
newspaper reporter for the
Providence Journal and Cum
berland Md Times before
he studied law; q veteran of
World War II-and nowhere
in Mr.. Prettyman's own ref
erences to the United States
Court of Appeals for the
District of Columbia-is one
fact mentioned that this re-
viewer feels to be of. some
relevance. For Author Pretty
man also happens to be the
son of Judge and Mrs. Z.
Barrett Prettyman, Of whom
nothing need further be said
unless 1t is to express some
personal satisfaction that
the sons straight thinking
and clear writing in this
book seem further to iden-
tify him as a chip off the
old block. B. M. Mex.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1961-10-01
Adams Papers Project
Off to q Happy Stort
THE ADAMS PAPERS; DI

THE ADAMS PAPERS: d.
AIRY AND AUTOBIOG-
RAPHY OF JOHN ADAMS.
Volume I: Diary. 1885,
ITO; Volume II: Diary,
1771-178l; Volume III:
Diary, 17S2-18O4. Autobi-
ography through ITS;
Volume ": Autobiography,
1777-1780. Edited by L.
H. Butterfield. Assistant
editors. Leonard C. Faber
and Wendell D. Garrett.
CBelknap Press of Har-
ward; $50, the set
At some future time /
hope to write about the con-
tents of THE Adams Pa
pers,' a scholarly and liter
airy achievement in which
there Is absolutely nothing
to flaw my enthusiastic ad-
miration. Here. / will say
something only about the
volumes themselves, not their
matter. However, fearful
lest someone think The
Adams Papers" with all
their panoply of scholarship,
are something only for the
student, the patriotic histor-
ian, and the archives-the
grim cenotaph of a founding
father-I advise the general
public that John Adams was
a conscious literary stylist.
and that not only his more
formal biography but also
his intimate diary will de-
light the most hedonistic
reader for whom a book may
be nothing more than, to
borrow the capitalization OF
Graham Greene, an Enter
tainment.
No one at home in an 18th
century book, no lover of
Sterne Gas Adams and JEFF
ferson were lovers, of Bos-
well, or Of Voltaire Whose
"Candide" was born of the
same Lisbon earthquake with
which Adams diary opens),
will not thank goth century
culture for the editors art
sustained by the dollars of
trade tthe work was made
possible by a $3.50, 900 grant
from Time, Inc.) that COM
bined in this happy result.
THE Adams Papers" is a
project, of which the present
volumes are the beginning,