davidaulloa/AmericanStories huggingface dataset:
The Sidney herald., 1961-08-30
Richey

Mrs. Lawrence Dirks of Saw
yer, No. Oak, and her daughter,
Mrs. Les Wyse of New York also
Mrs. Andy Anderson of Gran
vile, No. Oak, took Mrs. Gerry
Nicholson back to the Richland
Home for the Aged Saturday aft
ter a two week visit with the
Dirks in Sawyer.
Mr.. and Mrs. Harris Olson and
daughter of Poplar came Wed
nesday and took Wanda Gibson
with them on a weeks fishing
trip near Regina, Sask.
Mrs. Ira Zuroff ST.. and daugh-
ter, Rosemary returned Friday
from a trip to Colville and Che
welah, Washington.
Mr.. and Mrs. Carl Holm and
grandchildren Donna and Donald
Senner of Sidney, returned home
Monday from a weeks stay al
Saco Hot Springs.
Dewayne, Ordean, Alan, Leanne
Scheer and Sherry Keller all Of
Circle have been guests during
the past week in the Angus
Scheer home.
Miss Patsy Torgrimson wa:
honored at a p~re-nuptial shower
in the Methodist church parlor:
Tuesday evening.
The Sidney herald., 1961-08-30
Three ButteS

Bob Provost has completed his
service in Marines at Camp Pen
dleton, Calf, and arrived home
Sunday.
Mr.. and Mrs. Chas. Provost
took their sons Dannie and Gary
to Glendive last week to go on
to Richardton, N. D., for school.
Mr.. and Mrs. Fred Lammert
and daughters of New Orleans, La,
spent a few days at the E. o.
Redlin home, enroute to Seattle,
Washington.
Margaret Hood and Joey
Schmidt of Sidney visited at the
Chas. Radke home last week.
Mr.-and Mrs. Steve Barauka of
Belfield, North Dakota were Tues
day supper guests at the Carl
Johnson home.
Mr.. and Mrs. Stanley Proctor
and daughter, Lynnette, from
Kalispell visited at the Walt Bau-
man home last week.
Mr.. and Mrs. Kermit Peterson
from Wisconsin and Nh. and Mrs.
Chef Jensen of Sidney were last
Thursday supper guests at the
Earl Johnson home.
Dwight SchWenke of Sidney
spent several days at the Walt
Bauman home last week.
The Sidney herald., 1961-08-30

~- SMnnM~ ns r~.Mrs fhsn state Az E sm Ms ON Days listed wh us UA
rmu.@ ema.E federal uunnsR Refugees National M@ % E reuse s SMdns NNscs
The Sidney herald., 1961-08-30
ROY ROUNCES RETURN
FROM TRIP TO WISCONSIN

Mr.. and Mrs. Roy Rounce re-
turned last Friday from Ridge
way, Wisconsin, where they Wis
tied for three weeks at the home
of their son-in-law and daughter,
Mr.. and Mrs. John Ed and fami-
ly.
They were accompanied on their
return by two of their graudsons,
Phil and Hank Ed, who will re-
turn home this Friday by bus to
be there for the opening cd
school.
On their return trip the RounceS
stopped at Durand, Wisconsin
for a visit with Mrs. Roger John
son and her SONS, formerly OF
| Sidney.
The Sidney herald., 1961-08-30
HONOR SCHOLARSHIP
AWARDED TO
MARGARET STROM ANSARI

Margaret Strom Ansari, daugh-
ter of Mr.. and Mrs. Chester o.
Strom, 404 9th Avenue S. w,
Sidney, has been awarded the
Jackson Johnson Northern Re-
gional Honor Scholarship by
Washington University School of
Medicine, st. Louis, the Commit
tee on Admissions has announced.
Mrs. Ansari will begin her fresh
man year at the Medical School
in September
Awards are made on the basis
of the applicants college academic
record, score on the medical apti-
tude and other tests, recommen-
dations of professors, ability,
character and qualities of leader
ship.
Mrs. Ansari attended Concordia
College and Montana State Uni
versity for her pre-medical edu-
cation.
The Sidney herald., 1961-08-30

MIR. and Mrs. Gunner Hansen will
accompany them and will enter
Concordia for her freshman wear
Miss Louella Lund and Mrs
Monrad Nees of Mohan, N. Oak.
visited here through the week
enu at the home of their aunt and
uncle, MIR. and Mrs. Andrew
Lund. Mrs. Anna Jensen of Norma
accompanied them to Sidney and
was a guest of Miss Mayfie Mel
son.
Mrs. Jerry Helm and daughter
Dlanne returned last week from
P~endletou, Oregon, where thew
visited at the home of her BROTH
er-ln-law and sister, MI. and Mrs.
Milton j. Larson. They also visit
ed relatives in Weston and Milton
freeWater, Ore, on their way
nome. Mrs. Helms sister, Mary
Lou Volk, accompanied them and
remained for a more extended
visit.
MI: and Mrs. Hank Turner have
for their hou5eguests Mrs. Tur-
lIeIS sister, Mrs. Edward Chat
and little daughter Heidi. Mrs.
CHATS husband is a captain in
the air force and is presently n
route to Germany. His wife and
daughter will join him there as
soon as he has arranged for suit
able living quarters for them.
Bill VeStal of Pittsburgh, Pa, is
a guest of Miss Judy Anderson
at the home of her parents, o. l..
Andersons, this week. Mr.. Vestal
and Miss Anderson are both stu
dents at Duke University in Dur
UNI, North Carolina, where he
Will be a senior next year.
Mr.. and Mrs. Lon Frost have
returned from a weeks visit at
the home of their daughter and
family, Mr.. and Mrs. David c..
Stewart of MiSSoula. While there
they also visited with other
friends and relatives. Enroute
nome they spent several days in
Billings on business.
The Sidney herald., 1961-08-30
RiehIand County
CONTINUED FROM PAGE

Cattle, David Arvidson, Froid
The Grand Champion Fat Steer
was exhibited by Terry Panasuk,
of Bronson Up-n-Do-It Ali Club
of Sidney, while the Reserve
Champion Fat Steer was shown
by Paul Martin, of the Happy
Valley All Club of Buford, N. d.
Community Booths throughout
the county were better than had
been expected with nine of the
various sections competing for the
honors. Booths are judged in three
categories. Honors for Best Col
lection of Exhibits went to Andes,
which was followed by Anderson
Crane7Newlon, in Second place,
Sidney Ridgelawn, third, and
Fairview, fourth.
Best Arrangement of Agricul-
ltural Products also was won by
Andes, with Fairview, Sidney
! RidgelaWn, and Anderson-Crane-
Newton, in that order.
Best Community Artistic Theme
honors went to Fairview for its
design of the "Old Woman In
The Shoe" and her children,
worked out in colored grains and
seeds. In second place, with a
similarly worked design of a huge
grasshopper, a hot sun, and hail
stones, and the legend "Harvesters
of 1861" was the Anderson Crane
Newton booth; Third place went to
Sidney-Ridgelawn with the legend
Jewels of Our Valley" worked
out in colored seeds, and fourth
to Andes, with a fine display of
artistically arranged sheaf grains.
Champion and sweepstakes
winners in grains included Win
ter Wheat, Floyd Williams, Lam
bert; Spring Wheat, Mrs. Gunner
Olofson, Sioux Pass; Barley, Alex
Rupp, Sidney; Oats, Mrs. Olof-
son; Corn, Dwight Howard, Saw
age; Flax Naomi Olofson, Sioux
Pass; and Sugar Beets, Gunnar
Hansen, Sidney.
Honors III the All Livestock
ShoWmanship contest in the Beef
Cattle, Junior Division were won
by Miles Groseth, of Happy Valley
All Club, Buford, NJ. D.; End to
Steven Morstad, Helping Hands
All Club, Raymond; 3rd to Duane
Petersen, Hardy Hiway Hustlers
All Club, Sidney.
Senior Division, Beef Cattle.
John Eggen, of Archer COG etters
All Club, Plentywood; End to Ar
, vid Eggen, of the same club; ano
!, 3rd to Rose Swigart, Timberline
| Workers All Club, Sidney.
, Senior Division for Sheep, wa:
won by Ruth Ludington, Hay
. Creek Clodbusters All Club, O.
, Sidney. (no other awards).
Miss Eggan also received the
!. award for Champion Senior Al
Livestock Snowman, with mis-.
? Ludington winning second honors
> In the FLA Livestock Snowman
contest, Dale Norby of the Sidne,
FILA Chapter received first place
The Sidney herald., 1961-08-30
r. {. F. u.
REPORT
BY Les Young

FIRST, Thanks to the 80 Farm
ers Union Juniors who did SO fine
a job helping with their Food
Stand during the fair. And to
those adults who helped with the
cooking, the serving and the clean
ing UP nights. Although the re-
suits were less than last year, I
suppose we got our share of the
business, considering the many
eating places this year. Also
thanks to the consuming public
who gave us their patronage.
NOW, few headlines and items
of interest from some of our
Farmers Union papers:
Secretary Freeman has said
that the "Yes" vote on the grain
referendum "holds the key to all
future farm legislation" The
Central Exchange broke all pre-
vious first half year sales records
in distributing nearly $40 million
of farm supplies. Five large grain
co-opS are joining to build a
Grain Terminal on the coast of
the Gulf of Mexico.
President Kennedy has express
ed regrets that anyone should
misinterpret, hl a recent speech,
that he favored a taxing of co-ops.
He said, 81 believe co-ops and
their patrons are paying their
just share. Cooperatives are a
valuable part of our American
system. They may be the means
of raising living standards and
counteracting communist influ-
eilce. Certainly they should be
encouraged"
Governor Marin of Puerto Rico
has said that he believes co-ops
should handle 800 of the Islands
business. He said, 81 am the only
governor who has appointed a
man of cabinet rank to encourage
cooperatives." Puerto Rico has
four large consumer-owned super
markets and perhaps 100 small
rural coop stores. In these co-ops,
the educational director is appoint
ed and paid by the government.
A bill has been presented in the
u. S. Senate to prevent the low
ering of freight rates on farm
produce and supplies, by the In
terstate Commerce Committee.
Farmers are being urged by the
Farmers Union and the Grange
to write their senator's to oppose
this bill.
In a recent interview by the
u. S. News and World Report, of
Secretary Freeman, the secretary
said that in a very real sense he
considered that the farmer had
been substituting the rest of the
nation in recent years. Since 1852
the cost of living has increased
about 11% while the farmers re-
turns had dropped about 1871.
BUY NOW, PAY LATER. This
is the title of a little book packed
full of facts and figures on install
ment buying. 1t shows that con-
sumner debt has gone up about
2O0% since 1850, while the money
to pay this credit has gone ug
but 60%. 1t lists several objec-
tons to this kind of buying by
gullible public. And the author
says, when it comes to know
ing the cost of credit, the Ameri.
can consumer is undoubtedly on
of the most ignorant, ~illiterate anC
most easily deceived"
1t is getting so now that afte.
a little experience, a man realize
that he can go to bed at midnigh
and seldom miss anything. Gun
quote).
Les,
The Sidney herald., 1961-08-30
ART ARNOLDS HAVE
HOUSE GUESTS

Miss Paula Sass OF Williston Wis
tied Peggy Arnold at the home of
her parents, the Art Arnolds last
week and enjoyed the Richland
County Fair with them. They took
her back to Williston Friday.
A week end guest at the Arnold
nome was Mrs. Arnold's parents,
MIR. and Mrs. z. B. Styer of Wolf
Point.
The Sidney herald., 1961-08-30
COUNTRY CLUB NEWS

The big news this week at the
Sidney Golf and Country Club is
that all the grass green's have been
planted, but there still remains a
good deal of cleanup work. No
special work details have been
arranged, but any member who
has a few hours to spare this week
end would be a great help. So
come on out and lend a helping
hand.
Because of the fair the past
week, the social activities at the
club were at a minimum. The
Ladies Bridge Group did not meet,
but the Ladies Golf Group met
Thursday morning with Mrs.
Florence Carpenter taking the golf
prize for having the most strokes
on the first hole. Both groups
will be meeting again this week at
their regular times.
Saturday evening all club mem
bers r urged to attend the
monthly Covered Dish Dinner.
Come on out and join your friends
whether you play bridge or not
The hosts and hostesses for this
month are Mr.. and Mrs. Henry
Anderson, Mr.. and Mrs. Al Sobolik
and Mr.. and Mrs. Bill Seitz Jr. We
hope to see you all there.
The Sidney herald., 1961-08-30
Yellowstone Twp.

Ulrich Reicheslbach is leaving
for Grand Forks, where he will
begin his sophomore year at the
University of North Dakota.
Mr.. and Mrs. Alois Saller, Wis
tied friends at Sidney Sunday and
attended the Open House at the
Richland Home for the Aged.
Mr.. and Mrs. Norman Swenson
and Mr.. annd Mrs. Peter Heinle
visited Friday evening at the
James Sanderson home.
The Sidney herald., 1961-08-30
WOMEN BOWLERS

Richland Women's Bowling AS
Eociation will begin their first
nights of bowling for the 1961-62
season, on Tuesday, September
5th and Thursday, September 7th,
at 6:45 pm. Teams will retain the
night schedule they had last year.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21
Church NelUs

Goodman, will be presented at
the c hris t Congregational
Church, 1926 Colesville rd,, Sill
yer Spring, on Palm Sunday,
March 26, at Z pm.
Presented by the Adult
Drama Group Of the church, the
cast will include Kay Perry,
Robert Higinbotham, Ere d
Christensen and Gerald Cox.
The public has been invited
by the Rev. Robert E. Marston,
minister of the church.
The Simultaneous Schools OF
Missions of the Seneca Baptist
Association which got underway
Sunday will continue through
Friday with sessions beginning
at 1880 each night.
Participating churches include
the Montrose Baptist Church.
Randolph rd., Rockville; Geor'
gia Avenue Baptist Church,
1885 Georgia ave-, Silve +
Spring; Germantown Baptist;
Clarksburg Baptist; Kensing
ton, 10000 Connecticut ave.;
GAINESVILLE Baptist Church;
Ashton; Glen Echo; Rockville
S. Washington ST.; Travilah
Baptist; Veirs Mil, Silver
Spring; Mount Zion, Old George
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21

Special pre-Easter Services of
the Flower Hill Church of the
Brethren, Redland, will begin
Thursday and continue through
Wednesday of next week.
Guest speakers will appear at
s pm. each evening as follows:
The Rev. j. Edwin Prather, min
lister, Poplar Grove Baptist
Church, on March %; the Rev.
Chester Rill, minister, Wash
ington Grove Methodist Church,
March "a; the Rev. Lamar Glib
BILE, pastor, Good Shepherd
Church of the Brethren, Ken
sington, on March 25; R. B.
Myers, Rockville attorney, on
March 26; the Rev. David Eber-
ly, minister, Thurmont Church
of the Brethren, on March 81;
the Rev. David Armacost, Lay.
louisville, on March %; and the
Rev. Daniel Manson, Darnes-
town Presbyterian Churh, on
March 20.
A communion service will be
conducted on March 30 at 1880
pm.
A chancel drama, Dust OF
the Road" by Kenneth Sawyer
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21

town I'd. and Grosvenor Ia, Be
thesda; and Upper Seneca,
Cedar Grove.
Speakers include Miss Mary
Demarest, missionary to Tai,
wan; Miss Ruth Walden, mis-
sionary to Nigeria; the Rev.
Thomas H. Francis. superinten-
dent of missions, Green Valley
Association, Kentucky; the Rev.
William |. Barley, ST., super
intendent of City Missions, Bal
timore; the Rev. Jerry F. Pot
ter, missionary to the deaf, NC.
Baptist Convention; and the
Rev. John E. Saunders, pastor,
North Point Baptist Church.
Also the Rev. Mabre Collins,
associate pastor, Rockville Bap-
fist Church; Mrs. William l..
Lanier, Good Will Center, Bris-
tol, Va; the Rev. G. w. Billiard,
pastor, Gregory Memorial Bap-
fist Church, Baltimore; the Rev.
Harry P. Chaffin, Juvenile Re-
Mobilization Charleston Baptist
Association; DR.. w. Barry Gar
rett, associate secretary, Bap-
fist Joint Committee on Public
Affairs; and the Rev. and Mrs.
John Tumblin, sr, missionaries
to Brazil.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21
GOPWomen
Meet Today

Mrs. w. L. Nugroho, wife of
the charge d'affaires of Indo-
nesia, will discuss the political
activities of women in her coun.
try at the meeting of the Rock
Creek Women's Republican Club
today.
The business meeting at 1890
am. at the Columbia Country
Club will be followed by an oper
discussion on the Montgomery
County Council, led by Mrs
Caroline Freeland and Mrs. Sam
Houston.
Mrs. Robert o. Bonnell, Ma
tional Committeewoman from
Maryland, will present a report
from the Republican body
which plays vital part in set.
ting policy.
Prior to the luncheon, recep.
ton is held for Mrs. Bonnell,
Mrs. Nugroho, and Mrs. Osborne
P. Beall, vice chairman of the
Maryland State Central Commit
tee.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21
HliII-Troop
Is Revealed

The engagement of Miss Mar
Gle Hill of Washington, D. c., to
Douglas Temple Troop of Rock
vile, has been announced by
her parents, Mr.. and Mrs. c. Lee
Hill of Hickory, N. C. Parents
of the prospective bridegroom
are Mrs. Eileen H. Troop of
Rockville and Mr.. J. D. E. Troop
of Toronto, Canada.
Miss Hill is a graduate of
Queens College and Presby-
terrain Hospital, Charlotte, N. c.,
and is a public health nurse
with the Prince Georges Coun-
ty Health Department.
Her fiance, who attended the
Montgomery County Junior Col
lege, is a senior at the Univer-
sity of Maryland.
The April l wedding will take
place at the st. Andrews Luz
theran Church in Hickory, with
the Rev. Gorth Lee Hill, brother
of the bride, officiating.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21

Work on the Flea Market
has been going on, Mrs. Selby
reveals, for nearly a year.
Among the organizations assist
ing the committee are local
Lions Club and their auxiliaries,
the Pilot Club, the Zonta Club
of Bethesda-Silver Spring, Chi
Omega Sorority, Alpha Beta
and Gamma chapters of Beta
Sigma Phi and the Business and
Professional Women's Club of
Silver Spring.
Marie Selby's right hand is
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21
Drama Group Meets

DR.. James McManaWay,
-Shakespearean consultant OF
the Folger Library, viii speak
at a meeting of the drama Sec
ton of the Woman's Club of
Chevy Chase today at 2 pm.
Mrs. Robert Daniel will be
hostess at the tea following the
talk.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21


obliging Ann Brinkley, the
pretty wife of TVS David
Brinkley and co-chairman of the
benefit.
DR.. and Mrs, Selby live at 9301
Sutton pl They have three
sons, George jr., who recently
entered the Army and is sta
toned at Fl. Jackson, S. c.;
John, senior at Montgomery
Blair High School and Christie
pher, who attends Montgomery
Hills Junior High School.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21
Marie Se|byLeads Way
To Paris Flea Marker

A Silver Spring woman, Mrs.
George Selby, is chairman of the
first benefit for the Prevention
of Blindness Society to be held
within Montgomery County.
The gigantic undertaking, a
Paris Flea Market" bazaar,
will take place March %, "a, 25
and d at the Silver Spring Ar
mory, from 10 am. to 8 pm.
Marie Selby has a two-fold in
terest in the project. Her hus-
band is doctor specializing in
ophthalmology, the seize nc e
which treats the structure,
functions and diseases of the
eye. His work has brought
home to her the Society's free
glaucom a testing, cataract
glasses library and distribution
of new eyeglasses to the needy.
The Flea Market has an
other interest that fits neatly
into her bazaar theme. She is a
ceramic lobbyist.
Work Is Satisfying
my work is not truly arts
tic she explains, like the
wheel and hand-molded designs,
because ! buy unfired nodded
ware and then clean and
smooth it, apply a commercial
glaze and fire it. The varied
and novel effects created by a
variety of glazes and alterations
make this work satisfying, al
though it cannot be displayed
in a real art show"
The "F'lea Market" however,
will offer Mrs. Selby's kind of
ceramic worker a chance to
show figurines, containers, pots
and some sets of dishes. A COM
mittee of judges will award
ribbons.
More of the fun element"
has been added to this years
benefit Mrs. Selby believes.
During the past 10 years the So
ciety has sponsored big rum
mage sale.
NOtables Send Gifts
Visitors to the bazaar win
find original drawings by Walt
Disney and Milton Caniff, auto
graphed record albums and
books from Steve Allen, Rudy
Vallee, Roy Rodgers and Greer
Carson, as well as personal
items from Dinah Shore, Joan
Crawford, John Wayne, Marian
Anderson and others.
From Embassy Row will
come an unusual doll represent
ing the Belgian lace industry;
vases from Italy, Germany and
Bulgaria; silk-embroidered pic
lures from China and Malaga;
evening bags from India and
the Philippines; and jewelry
from Sweden.
The antiques booth will offer
a wide variety of early silver,
china, glass and furniture, in
addition to a large private col
lection of antique jeWelry.
Dry Cleaners Help
Many Maryland dry cleaners
have once again answered the
call to dry clean any garment
donated for sale at the bazaar.
Contributors need only take the
articles to the cleaner and for
get about them. The dry clean
er will deliver.
Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1961-03-21
Furniture Is Topic

Furniture selection will be the
theme of the Travilah-Darnes-
town Homemakers when it
meets on March 81 at 1 pm. at
the home of Mrs. Josephine M.
Bourke in Pmomac. Mrs. Paul
Culbertson, jr., the clubs home
furnishings leader, will speak.
Evening star., 1961-09-03
CowIes Stock Issue
Indicates Expansion

Cowles Magazines and Broad
casting, Inc, publishers of Look
Magazine and The Insiders
Newsletter, are going to the
public for capital for the first
time in their history.
The company filed a regis
tration statement with the Sc
curitieS and Exchange Commits
sion for 100000 shares of capi-
tai stock. A group of under
writers headed by Goldman,
Sachs & Co., are to handle the
offering. Stock price was not
disclosed.
James S. Malloy, vice presi-
dent of Look, said in Washing
ton that he knew of mo specific
property Cowles is contemplat-
ing" but noted that the COM
pany does not have the maxi
mum string of five television
stations, for example, permitted
under FEC regulations.
The FEC statement said the
capital will be available for
Evening star., 1961-09-03
Kresge to Open
Alexandra Store

The S. S. Kresge Co. variety
chain will open a new store
Thursday in the 1900 block of
Duke street, Alexandria, the
company announced today.
Store manager Kenneth w
Thornton said a 300 car park
ing lot, air conditioning and
luncheonette seating 26 are
among features of the new
store.
The outlet covers 24,10O
square feet including 1921 feet
Iof counter space, and five
check-out stations. James B
Hughes, KreSge architect, and
Bernard Lyon, architect with
the shopping center and Frish-
man Associates, designed the
facility. The store is the 773d
for Kresge.
Evening star., 1961-09-03
Stock Prices
Rise in Week
And in August
By ED MORSE
Associated Press Financial Writer

NEW YORK, Sept. 2.-The
stock market advanced again
this week and August closed
with a substantial gain. The
Associated Press 60-stock aver
age was up 2.30 to 255.50 for
the week. The Dow Jones in
duStrial average was up 4.49
to 721.19.
The weeks advance was con-
Sidered surprising in view of
the threatened auto strike.
The August rise added an
estimated $9.8 billion in quoted
value to stocks listed on the
New York Stock Exchange,
based on the rise in the Asso-
ciated Press average. This total
stood at about $3.50 billion at
the end of July.
The biggest news of the
Week--Russia'S decision to re-
sumo testing of nuclear weap-
onS-left the stock market al
most indifferent.
The five most active issues
this week on the New York
Stock Exchange were: Stude-
baker-Packard, unchanged at
1924 on 287,500 shares; Ameri-
can Motors. off "a at 1874;
American Airlines, off 70 at
1925; Brunswick, up AZ at So,
and Benguet, unchanged at
Ia.
Evening star., 1961-09-03

offering its judgment about the
borrowers SoundnesS, and
would share at least 25 per
cent of the loan. The bank
could charge whatever interest
rate it wanted on its share.
Up to now the SBA has been
investigating would-be borrow
ers. 1t hopes to put its new
policy into action within a
week, though, reserving the
right to review the banks final
judgment of a customer.
SBA officials claim the rise
in lending has been due chiefly
to an increase in loan applica-
tions. But the new policy
statement came only two days
after Senator Proxmire, Demo-
crat of Wisconsin, had attacked
the SBA for the "dizzying pace"
Of its lending operations. The
Senator charged the SBA was
"the most rapidly expanding
agency in Washington.