davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1962-07-13
LESS FREIGHT-MORE MAIL

Rate hikes now proposed would cost the
mail users some S700 million year and the
prospect remains that the taxpayers in the
year ahead will still have to make up an
additional $500 million loss in the postal de-
partment Along with rising costs and big
ger deficits there apparently is still no hope
of improved postal service. Twice-a-day de-
livery to homes discontinued in 1850, will
not be restored; cut-down mail pickups at
corner boxes in residential areas will not
be increased; 1900 post offices closed in
the past 80 years will not be reopened and
one of the greatest customer irritants of re-
cent years has been perpetrated in the form
of a set of new regulations, issued by the
Post Office Department which require a P.
o. Box number, if one exists, to be includ-
ed in the address on every piece of second,
third and fourth class mail. Otherwise it
will be returned to the sender.
One editor of small midwestern news
paper points out that although the paper
and the editor or "older than any employee
at the local post office-and they call the
editor by his first name-we have suddenly
become unknown-and they are not per-
mitted to deliver our mail unless the address
also contains p. o. Box A ;. Remember
the good old days when the Post Office, like
the Canadian mounties, prided itself on be-
ing able to find its man'?"
In the face of all these deficiencies in
postal service it is hard to understand why
money-losing part of the postal service,
which competes directly with private in
dustry we'll able to handle its job, is to have
it's services increased. The parcel post was
never intended to compete at loss with
private parcel carriers, yet it has consist
emily done just that. Unless more govern
ment in business is to be our national goal,
we can do nothing but gain by curtailing
rather than enlarging this post Office intru-
sion into the small freight and package
business.
Milford chronicle., 1962-07-13
JAIL-FOR FARMERS???

The federal government can't run the
nations farms, and its ineptitude has been
brilliantly demonstrated by the failure of
one farm program after another for the
past 80 years. The taxpayers now have a
S2.75 billion investment, not counting stor-
age and handling charges, in IA billion
bushels of wheat and feed grains-almost
a three-year domestic supply.
1t has been estimated that the admins
tration's new farm program could cut
wheat surpluses 225 million bushels year.
If accepted by Congress and the farmers,
the new plan will enforce rigid production
controls and marketing quotas on both wheat
and feed grains.
The Secretary of Agriculture has said
that a provision providing Jail sentences
for farmers who fail to keep proper records
will strengthen the program. This high
lights an interesting point about benefits
from government that all groups seeking or
accepting federal largess should take to
heart. Federal control follows federal mon
ey. One thing is sure. If you accept politi-
cal favors, you had better control enough
votes to put the fear of the polls into the
politicians granting them. Otherwise the
road may become rocky, indeed. And now,
Jail is suggested as an indoctrination meth
od-in the U. S. A.
There can't be free farmers when gov
ernment controls eliminate the free market
systen-agriculture will wind up as some
form of communal project, under the thumb
of political boss.
Milford chronicle., 1962-07-13
Plon Your Packing For
Overnight Or A Month

Whether you are planning an
overnight visit with Aunt Ethel or
for a month at camp, there are
certain rules you should observe
when packing.
Miss Janet Reed, extension
clothing specialist at the Uni
verSity of Delaware, says before
you pack anything, make a list of
everything you plan to take. This
includes those often forgotten
items like mending kit, shoe
polish, alarm clock and a gift for
your hostess.
Observe these packing tips:
1. Wrap caps of spillables with
cellophane tape; put these and
other breakables in plastic bags.
2. Line belts along side of suit
case
8. Pack in layers in the follow
ing order: bulky items on bottom;
Milford chronicle., 1962-07-13
I'm THE AIR FORCE"
BY EIoine townsend Dickersor

Hayes todayo is in the midwest,
in Omaha and Dawn, Leslie and /
are here for overnight with my
parents. Lynne remained in Alex
andria ito be with her beau until
the departing hour It's bad time
for her since he will be a .hou-
sand or more miles away. in Flor
ida.
While Diane Dickerson was with
US in Alexandria we decided o n e
day to take the children for a ride
down the Potomac by boat. We
were hunting for a sail boat t O
rent, but all Marinas seemed t. O
have them tied up for the day and
we instead went to the tidal basin
near the Jefferson Memorial n d
rented two paddle boats. A two
scatter rents for one dollar an hour
and a three scatter for $3.50. 1t was
necessary for us to have two boats
and off we went. One almost re-
cl1nes In a chair with your feet
raised almost parallel to the water.
You bicycle" yourself around the
peaceful tidal area. 1t was fun and
picturesque, but those aching leg
musclesi
There is still much of Washing
ton we want to see, but that city
is certainly over run with tourists
in the summer ime and | suggest
for those of you who live near by
to wait until fall to sight see a.
round the capitol Even the first
family has exited. They now are
in Hyannis Port land have sub-let
their Glen Ora estate (-need extra
shekels, / suppose Caroline and
her mother are off for Europe in
August. They will visit Mrs. Ken
nedy's sister at that time.
Now mother and 1 are on our
way to Rehoboth. Until next week.
Always,
Elaine Townsend Dickerson
Milford chronicle., 1962-07-13
BABSON DISCUSSES LOCAL BANKS

established local businesses. South
ern California, which is getting a
majority of the defense money and
lis starting new electronic compan-
les every week, does not, in my
Judgment, need the money.
For a community to grow, i t S
people must realize that it's banks
are a 'two-way street In order
to loan money, the banks must in
crease their deposits. Therefore,
the local people should not with
draw their money and send same
to big Western banks.
Help Your Local Banks and
Industries
This means keeping deposits a t
home and not sending them away
at the present time. Of course,
there are a lot of smaller places
in California which are growing too
fast and need additional funds; but
be sure you are helping these
smaller California towns. Try o
them good and do you good. Cali
fornia is wonderful state.
All of the above is irrespective
of World War III. | haven't be-
lieVed that World War III is inn
minent, and have not become in
terested in Shelters and some of
the other things which are being
advocated. On the other hand, after
reading that the National Biscuit
Company has just been awarded a
contract for $48 million to manu-
facture and store survival bis
cults, I am at my wits end. APP
parently our State Department
needs a thorough overhauling, and
this probably includes a new us.
strategy in foreign relations.
Milford chronicle., 1962-07-13

Babson Park, Mass, July H. Ac-
cording to the newspapers, one
hundred billion dollars has b n
lost in stock values since May %,
1862. Selling has been done for one
of three purposes: (1) By people
who have been buying stocks o n
borrowed money and want to re-
duce their loans; (2( by people
who have temporarily quit h e
stock market and simply charged
off their loss to experience; a n d
90 by those who sold out at a
profit and are putting their money
into savings banks.
Stock Prices Versus Yields
Wherever the market may b e
historically, it is high in considera-
tion of the low yields of m t
good stocks. These yields are from
29o to go mostly. Compared with
this most savings banks pay from
3h% to 41b6 on deposits, which
deposits they advertise as '1nsur-
ed by an agency of the govern
ment" Therefore, many of It h e
who sold out and took a capital
gain are depositing their money to
secure rate of 31a@o or more.
1 am devoting my column today
to discussing the various advertise
ments in magazines, placed largely
nv hip-city West Coast. banks and
savings n loan associations,
promising this high rate of interest
with safety Probably some people
in each of the 400 cities in which
this column appears are sending
money out of their local commun-
ity for deposit in one of these es-
Establishments which advertise i n
leading magazines. believe this lis
wrong and unpatriotic.
Milford chronicle., 1962-07-13
NY Own Experience

| invest money for a charitable
organization in Gloucester, Massa-
churetts, for which | sold stocks
at a handsome profit early in 1862.
I deposited $4,000 with the Saw
ings Department of the Cape Ann
National Bank and Trust Company
at 315%o interest. I invested $780,
900 in the 40 stock of the COM
pany which supplies Gloucester
with natural gas. This preferred
stock sells at a discount to yield
around $50.
One of my co-trustees urged that
I use the 31a9o deposit to buy sim
liar cumulative preferred stocks
which would yield $50. The a b e
Vice President, Mr.. Waldon Ander-
son, telephoned me that a member
of my family is a director of the
bank and that my great-uncle was
one of the founders! Thereupon |
agreed to leave this $4,000 at
31a%o with the understanding that,
if the rate is changed to 40 for
new deposits, this charitable trusts
deposit of $4,000 will be marked
up to 40, although, of course, the
higher return will not be made re-
troactive.
Every City Needs Strong Banks
believe that it is very unpatrio-
tic for anyone living in an eastern
city to Withdraw his account from
a local bank, or to take his capital
gains" and send the money to great
banks in Los Angeles or even San
visit them personally. 1t will d o
Francisco. Every one of the 400
cities or towns having this column
needs the money for expansion for
Milford chronicle., 1962-07-13
40S Lake Avenue
Milford, Delaware
.Tu1y 10 1852

Milford, Delaware
July 10, 1862
1t was like standing by an d
watching a miracle here on earth
to be with Hayes sister-in-law
these past two weeks. G la d y 8
Dickerson stayed with us after her
stapedectomy that was performed
at Johns Hopkins, Baltimore. Her
world was completely made over
and she experiences new sounds
each day that she has to identify
since everything for her had been
muted for years.
Toward the end of her visit with
us we spent one morning in
Georgetown, Maryland. Both of us
like ''the old" and Wisconsin ST.,
going north out of DC. is the
street to find it. There were many
interesting gift shops, antique
shops and quaint old homes side
by side lining the street. We loved
the grill stairways leading to the
shuttered doors, the ivy covered
brick homes, the walled in gardens
with their wooden gates. We stop
ped in French store and enjoyed
looking at the shelves stocked
with their foreign foods, many of
which we wouldn't have known
what they were except for pictures.
Their meat counter was laden with
beautiful cuts of meat. One item I
thought was rolled eye of pork for
a rotisserie and instead the butch
er said, mo, madam, it is veal
with kidney in the center. Very
delicious" And with this h e
squeezed his fine fingers together
to his mouth and blew a kiss in
the air. Inconguous to the whole
atmosphere stood a Chinaman re-
replete with a French beret There
is always something interesting in
Georgetown and you really should
take the trouble to see the area.
Milford chronicle., 1962-07-13

lingerie, accessories and blouses,
dresses, and nightwear on top.
4. Pin blouses to shirt card
boards to keep their shape.
5. Fold-in sweater sleeves; roll
to prevent ridges.
6. Use tissue paper in shoulders,
folds of dresses, and suits.
Z. Fold suit skirt lengthwise
with bottom over edge of case.
Place jacket on top of skirt with
shoulders toward rear of bag.
sleeves folded across jacket. Fold
skirt end over jacket and bottom
of jacket over skirt.
8. Tuck stockings i'm gloves to
prevent snags; socks in shoes;
shoes in shoebags, old socks or
drizzle boots.
9. Put jewelry in flannel silver
ware bags to prevent scratches.
10. Your check aist should be
tucked inside your suitcase as a
reminder not to leave anything be-
hind.
Milford chronicle., 1962-07-13

Looming large in the automotive industry
are Sherwood H. Egbert and Avanti, new en-
try in the pleasure field of driving. Egbert
is president of Studebaker Corporation; Avanti,
a safety-first minded speedster.
Special interest in the car has been aroused
by inclusion of such features as a built-in steel
roll bar, safety padding and caliper disc brakes
to compliment its wedge-look body
For the first time, Egbert said, these inno-
vations have been combined for the benefit Of
the general public, although individually, they
are well known to professional drivers.
Milford chronicle., 1962-07-13
MUCH FOR LITTLE


5000
MUCH FOR LITTLE
More than 40 years ago one of the pio-
neers of modern-merchandising died. He
was F. w. Woolworth, who established, from
the smallest of beginning, chain system
which now girdles continents. At the time
of his death, the New York Sun, leading
newspaper of its day, said: "He won for
tune, not in showing how little could be
sold for much, but how much could be sold
for little
In saying that, the Sun did more than
pay thoroughly-deserved tribute to a pio-
neer in retailing. 1t covered, in one phrase,
the history of merchandising as we now
know it.
In our grandparents day, to sell little
for much was the goal. The old-time en-
porium, especially in the smaller communi-
ties, had monopoly of trade. You bought
what was offered and paid what was de-
manded, or went without.
Then came the thought that a man or
system could prosper by selling much for
little-and selling it in such sufficient vol
ume that an adequate overall profit would
follow The chains led the way in this, and
other merchants adapted it to their opera
tions. The result was happy one. All
concerned, retailer, consumer-gained.
Many a merchant, like Mr. Woolworth,
"has won fortune" But the great winner,
by an incalculable margin, has been the
American people. Mass merchandising,
teamed with production, has been a
prime source of our unequalled living stand
ards.
Milford chronicle., 1962-07-13

To add bit of raciness, the car is equipped
with an aircraft-type cockpit and bucket seats.
The car was Conceived and sl<etched by Egbert,
final design completed by Raymond Loewy.
An Avanti which was honorary pace car at
the Indianapolis 500 mile classic was presented
to Rodger Ward, winner of the race. Said Ward:
'This has a lot of steam. The ride is real
nice and it handles terrifically The roll
bar and safety padding are the best. By the
way what does Avanti mean?"
Tt means forward, just like Rodger Ward,
Egbert and Studebaker.
Milford chronicle., 1962-07-13
ABUNDANCE OF JOBS

There are indications that the 1862 crop
of college graduates has found job pros
poets unusually good. College seniors, many
of whom have been receiving job bids from
business firms since early spring, have of
ten been pleasantly surprised
There is jan element of surprise in the
situation for those of us long since enscon-
ced behind desk, too. The competition for
graduates with marketable skill and knowl-
edge has pushed first-job salaries to start
ling new highs. This is true not only in
various branches of science and engineering,
but in such things as accounting. Even so,
there is a scarcity of able young people in
some fields.
Which leads into another observation
about job competition. Big government has
become factor of considerable importance.
Though the idea may enrage some, it is true
that the big federal bureaus, as well as bus
in9s and industry, need bright young men
to help spend tax money intelligently.
All in all, this would seem to be for
tunate time to be starting career in busi-
ness or industry. Good jobs at high pay are
in abundant supply, waiting to be filled by
well educated young men and women.
Milford chronicle., 1962-07-13
A MESSAGE TO GRADUATES

All over the United States high school
graduates and college graduates are enter
ing the stage of life-at time when bus
mess opportunities are plentiful.
Although young graduates are not too
often prone to take freely-offered advice, we
will nevertheless offer a few points, as
general guide, which we believe might be
helpful to those leaving school at this time.
The first thing worth mentioning is that
every graduate, or even those who did not
graduate, can succeed in life. We live in a
country where success can be achieved as
result of sustained effort, or determination.
One does not have to be genius, brilliant,
or even smart to achieve this success.
Fortunately, in the United States we
have such plentiful opportunities that a
determination to succeed, and willingness
to work, will produce very gratifying re-
suits.
Perhaps the most important single piece
of advice to be given to graduates or those
entering the business world at this time is
the suggestion that they develop an individ-
ual Christian philosophy. This means that
each person develop set of principles and
a philosophy by which he will try to live
his life Naturally, he will sometimes fail,
but the point is that he will be attempting
to live a life in harmony with certain basic
guide lines.
Another suggestions is for youngsters
today to resist the temptation to over-em-
phasize the importance of money. The great
values of life, and of time, are not depend
ent upon financial means.
These things-a life patterned on the
Christian philosophy of Jesus, one in which
hard and sustained work is respected, one
in which money is not worshiped as a god,
and one in which help is extended to our
fellow men, and evil gossip resisted, add up
to life of good citizenship, and a contri-
button to ones community, city and state.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
Furnished by the Associated Press
Uist Includes Most Active BOnds)

Win bankruptcy or receivership or
being reorganiZed under the Bankruptcy
Act or securities assumed by such COM
panies. XII ex-interest. ct Certificates.
st Stamped. f-Dealt in fiat. Matured
bonds, negotiahility impaired by maturity.
nd Next day delivery. cid Called. XIV
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
By the Associated Press

The Prudential Insurance Co.
said yesterday it intends to sell
variable annuities regardless of
a forthcoming Federal decision
on how its program should be
regulated.
Richard J. Congleton, Pru-
dential's general attorney,
made the statement to the Sc
curities and Exchange Commits
sion. He said he wanted to
dispel a rumor that Prudential
would abandon its variable an
nuity program If the SEC re-
jected the company's request
for exemption from the Invest
ment Company Act.
Harold c. Lohren, attorney
for the SECS Division of Cor
porate Regulations, argued that
the Prudential program should
be subject to commission regu-
lation. He contended that a
variable annuity contract rep
resents a security rather than
an insurance policy.
Mr.. Congleton said that if
the SEC assumes jurisdiction,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
CHICAGO GRAIN

CHICAGO, Mar. Is (AP).-Strons
spots developed in corn and soybesn
futures today while other grains must
active dealings on the Board of Trade;
Both corn and soybeans were ahead
about q cent in the early afternoon
derived their support principally from
stronger market for soybean meal
Professors and exporters were good
Reports that corn was moving out
of Chicago commercial positions in
good, volume and that the Govern
ment had decided to extend price sup
ports to higher moisture grain were
bulliSh influences in that pit. Deal
ers said the conclusion was that
broadening the loan base would make
considerably more corn eligible for 1t,
Wheat was unchanged to 10 cent a
bushel higher at noon, March So. O4 u
corn hTs higher, March 81 .07ss; oats
unbalanced to % higher, March 657s;
rye u higher to y lower, March
S1.34H; soybeans S-1h higher, March
So .44A.
Cash Grain
No wheat sales. Corn No. . yellow
1.12-12H: No. 3 yellow 1.0594; No.
yellow .06h; No. 5 yellow 1.O494
0524; sample grade yellow 1.06h. Oats
No. extra heavy mixed 69A; No. .
extra heavy white 70H. Soybeans No.
. yellow 2.5lA. Boybean oil Ion.
Barley: Mating choice 1851 SON;
feed l.10-1.30n.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
FOREIGN
EXCHANGE

NEW YORK, Mar. Is (AP).-Foreign
exchange rates Great Britain and
Australia in dollars, others in cents
and decimals of cent?:
Today Prev. Day
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
Stocks Turn
Mixed After
2-Day Climb

NEW YORK, Mar. is (AP)
The stock market erased a
small initial gain and showed
a mixed pattern in moderate
trading early this afternoon.
Changes of most key stocks
were fractional. A few went
to a point or so.
The list briefly continued the
two-day advance, then lapsed
into irregularity as profits were
taken sporadically.
Steels declined. Motors, oils
and building materials we're
mixed. Airlines were I'M
changed to lower. Tobaccos
moved upward narrowly.
Aerospace issues and other
defense stocks were mainly
steady.
Prices were irregularly higher
on the American Stock Ex-
change in moderate trading.
Corporate bonds were mixed.
Government bonds declined in
light trading.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
Mexico to PuyOff
1888 Oil Debt

MEXICO CITY, Mar. Is (AP) i.
Mexico will liquidate the bal
anee still pending from the
1898 appropriation of foreign
Oil companies, the manager of
Petroleos Mexicanos said today.
Pascual Gutierrez Roldan, di-
rector of the government oil
monopoly, said there are still
more than 100 million pesos $50
millionD to be be paid from the
Original multi-million debt.
This last installment, he said,
will not be due until Septem-
Der, but the government may
decide to pay it in advance to
celebrate the oath anniversary
Of the appropriation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
D. c. SECURITIES

Sales-Pot Elec Pwr com-l5 at 44s4,
IS at AN, 100 at 44l2, 20 at 44ls,
va. AZ at a.. AZ, q at a; ana 81 10 at a
37b. 200 at 37A,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
Prudential Won't Drop
Variable Annuity Plan

it would have to exempt Pru-
Dental from a number Of re-
quirements of the Investment
Company Act or the variable
annuity contracts would con-
flict with New Jersey State law.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
COTTON

NEW YORK, Mar. Is (AP).-Cot-
ton futures we're steady in quiet
dealings today.
! Spot house buying provided major
support. Contracts were supplied by
commission houses and hedging. Trad
ers said most of the buying which
centered in nearby "M' deliveries,
was based on the attractiveneSs of
futures prices compared with values
In the spot markets.
Late afternoon prices were 3 to IS
cents a bale higher than the prev
ious close. May 34.49. July 34.7S
and Oct. 34.36 bid.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-15
-ODD-LOT TRADING

NEW YORK, Mar. Is (AP).-The
New York Stock Exchange reported
these odd-lot transactions by princi-
pal dealers for March IA: Purchases
shares including 1,29S shares sold
short.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-27
ONCE mona ZxME...

, Once upon time there was builder by the name
of Levitt. Every year he built a few more houses
than he did the year before After couple of gen.
erations went by his company became one of the
biggest Of it's kind-if not the biggest-n the whole
world!
, And then do you know what happened? Well, sir,
here's what happened: AS more people began to
buy his houses this fellow Levitt begant give more
and more value Soon his bargains became famous
wherever people talked about houses. And that,
of course, was just about everywhere!
, There are always reasons why reputation builds
up, and one of them is the seven room two bath
beauty shown right here On the main floor is the
living room family room, kitchen, garage two bed
rooms and a complete bath. Upstairs there are two
more bedrooms and another complete BATH