davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-16

gear for fifty miles? Well this WouId
be easy compared to phGt the AUGnti
had to do to set 29 TecOrds!"
Here's what this remarkable en-
durance means to you: The major
chassis and engine conuponentS of
the AVGnti are common to or
optional on all other cars from
Studebaker in '6S, the Cruiser,
the Halok, the LGrkS.
For example, if all parts of the
Lark you buy can stand up to this
kind of super-strain, they'll take
your hour-after-hour turnpike
driving in stride for years. If our
new and exclusive heat-dissipat-
ing disc brakes will stop this car
in a straight line, in a fraction of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-10-16
WHO NEEDS 16O MPH?

the distance of conventional
brakes-then you and your family
are bound to be safer.
To be sure, in making these tests
the Avanti Ia certified stock carl
did set 20 speed records in twelve
hours with speeds in excess Of
10 mph), and we're proud of it.
But we are even prouder that
these records proved without
doubt the superior reliability of
our car. We believe this is a major
contribution to highway safety.
and to yours! Why not take a
look at the cars from Studebaker
this year-you may save q lot
more than just money!
Be sure to ask your dealer about the
ne,o 24-monfhI $4,000 mile Warranty
on oil cars from StudebakeP!
Kodiak mirror., 1962-02-23
New Officers For St. Mary's Ladies

Mrs. Colleen MehrenS was elect ed president of the Alter and Rosary Society of St. Mary's Church at the groups last monthly meeting held Feb. 18th.
 Elected to serve with Mrs Mehrens were: Mrs. Doris An derson, vice president; and Miss Elizabeth S mper, secretary treasurer.
 Outgoing officers, Mrs. Eudora Preston, president; and Mrs. Georgia Bell, secretary-treasurer, were lauded by Father John J. Marx for their services to the group.
 A chapter of the Order of Martha was established, the group reported.
 ''This is a branch of the Exten- sion Society in which members work either at home or in group on projects for the missions of the Catholic Church within the U.S.," said Mrs. Mehrens. The chapter will meet every Friday evening at 8 pm in the parish school.
Kodiak mirror., 1962-02-23
Rev. E. N. Jennings Special Speaker
 At Holy Mission

Rev. E. H. Jennings, c. SS. R., will be in Kodiak during the week of February 25 to conduct mis- mion at St. Mary'S Church. Fath- CT Jennings is the western retreat master for the Redemptorist order, world-renowned in the parish mis- sion field. He will continue on to Anchorage following his stay in Kodiak to conduct a mission there.
 All Catholics, married, single and of high school age and inter- ested n-Catholics are cordially invited to attend the week-long
Kodiak mirror., 1962-02-23

afforded to those who attend, ac- cording to the pastor, Rev. Lewis White. Pastor Phillips will have charge of the devotions, according to Rev. White, and Victor Leslie will lead the meeting Refresh ments will be provided by the host church.
 Youths from all denominations are invited to attend.
Kodiak mirror., 1962-02-23

devotions. Confessions will be heard by Father Jennings every morning at 800. An instruction period will follow at 815 and Mass at 8:30. Evening services will be- gin at 7:30.
 BabySitterS will be available in the mornings in the quonset hut behind the church.
Kodiak mirror., 1962-02-23
Youth Meeting At Community Baptist Church Saturday

A United For Christ" youth meeting will be held at 7:30 Sat urday evening at the Community Baptist Church.
 A movie entitled, "The Masters Face" will be shown.
 Special music has been arranged, with singing and good fellowship
Kodiak mirror., 1962-02-23

Father Marx reported that the Town and Base Altar Societies held a joint breakfast at the CPO Club last Sunday. Approximately forty persons were present.
Kodiak mirror., 1962-02-23

"All Catholic ladies in the Ko-. diak area are cordially invited to attend our next meeting to be held on Tuesday, March 13th," Mrs. Mehrens advised.
Kodiak mirror., 1962-02-23

Plans for the parish dinner which is to held April 29 at the
 Elk's Club were discussed. Co chairmen for the event are Mrs. Etta Edris and Mrs. Maude Saut-
Evening star., 1962-04-15
THE THREE CLASSIC CEIAMBRAY COLORS NOW IN
DACRON0 AND COTTON BY HENRY ROSENFELD
I.Q8
In Blue . Light Charcoal . Green

In Blue . Light Charcoal . Green
Trust your with the mo9c in his designing fingers to
give life beloved chombroyIook for office trove
ond country Eosycore eosyweor $50 Oocron@ poly
with $3.50 imported long stope cotton in the umi
nousy shoded chombroy weove Perk- stitched IN red
Delightfully."- full s'osh pocketed G. coiioriess full
tdresSco q
venbe COLOR 1910 g. l8
The Heeht ce-Towa & cosnAy Shoss-M Stores
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-11-19
1896 50. rp.

custom rug sizes, including finishing all sides:
For those who prefer roomsze rather than wotowo noo
on These prices include complete finishing charge per
running foot.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-11-19

The Hee cO0' and Heights
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-11-19
p0pm1m1ty".. .cm'petmg that I


beautiful fashion shades by Mhawk.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-11-19

~. s. Pat. 253171s
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07

If I knew Of any action planned
Ito prevent what" he said,
could be panic Monday" He
certainly was correct in that
forecast
But even more important
were the calls that went out
from banks which had made
so-called "non-purpoSe loans"
against stock collateral. All the
regulations demand is that the
bank ask the borrower to sign
an affidavit that the money
he's borrowing is not to be
used to buy stock. The banks
don't enforce those affidavits;
they're jokes
Let's say Mr.. Jones had q
big chunk of those hot-hot new
issues of 1861 and he wanted
to gobble up some more. Let's
say he went to his bank and
borrowed so per cent of the
value of his stocks which he
put up as collateral for his
loan. AS his hot-hot issues of
1861 have gone ice-cold in 1862,
his collateral's value has
Shrunk Spectacularly.
For months, worried bankers
have been calling on these
over-extended SPECTATORS for
additional collateral or have
requested that they reduce
their loans. In the fortnight
before Monday, May %, the
calls scared and on Black Non
day, much of the distress SELL
ing was by banks liquidating
stocks to protect their loans.
Wall Street doesn't coin its
cliches lightly. Remember this
one when the next get-rich-
quick opportunity beckons:
There's room for bulls and
bears but not for pigs and
hogs.
Distributed, 1862, by the Hall Syndicate,
Inc. All Rights Reserved)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
Boat Supermorkets
Names Nicholson

Howard Michaelson has been
appointed general manager of
Boat Supermarkets, Inc, with
locations at 5000 Georgia ave-
nue., Silver Spring, and 4617
Annapolis road, Bladensburg,
Md.
He recently returned to this
area from Florida, where he
operated service stations and a
car rental business.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
TREASURY BONDS

NEW YORK (AP)-Noon over the coun-
Ter U. 5. Government Treasury bonds,
pig, asked net change and yield for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
YOUR MONEYS WORTH
Speculation Greed
Fingered Break
By SYLVIA PORTER

from a broker or a bank. I'm
der the rules of most major
exchanges, buyers of stocks on
margin must not allow their
equity in their holdings to drop
below IS per cent of the mar
ket value at any time and
many brokers insist on higher
requirements for margin &C
counts.
Say Mr.. Jones bought 81, 900
OF stock last year on margin,
paid $500 in cash, borrowed
$500. Say that in the market
slump since March. the value
of his stock dropped from ST.
600 to $500. cutting his equity
to only $500 or the minimum
Of Is per cent allowed. Say that
on the Dark Friday before
Black Monday-when the Dow
Jones average of industrial
stocks already was down 1913
points from the December peak
the value Of his stock fell even
more.
Mr.. Jones would have re-
ceived a call for more cash or
collateral before Monday morn
ing to back up his loan-and
if he couldn't meet the demand,
he would have been sold out.
Banks Issued Calls
Over the week end before
Black Monday, BROKERAGE
houses from coast to coast were
open as clerks checked Gus
toners accounts, sent out mar
gin calls. 1 received a forewarn-
ing of what would happen the
previous Sunday when a part
ner in a major brokerage firm
phoned me from his office to
tell me his firm was sending
out the biggest total of margin
calls in its history and to ask
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07

should this tax relief be con-
centrated for maxim u m
growth?
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07

The Kennedy Administration is study
ing Western Europe's tox, economic
ond budget policies in on effort to
find out whot mokes Europe run
while America wolks. Reasons for
these studies ond their possible
bearing on future United Stotes
fiseol policies ore discussed in this
third Of four articles by Associoted
Press Writer Sterling T. Green.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07

"Cupidity, that's what trig-
gered it," said the broker who
handles our investment ac-
count. when I phoned him to
ask his views about Black Mon
days significance. There were
a lot more under-margined &C
counts in Wall Street than any
of us thought. I have no en-
thusiasm for people who over
reach themselves in an effort
to make pile of money fast
and these were the ones who
were sold out of their stocks
May % and early May 49,"
THE extent to which banks
were carrying both big and lit
tie SPECTATORS on thin margins
was far greater than we real
led" said a nationally known
economist friend when I asked
his view. There were two out
standing culpritS in that Mon
days de ba Gle: The banks
which pretended they didn't
know the loans they were max
ing were for the purpose of
specializing in stocks and the
greedy men and women operat-
ing on shoeStrings in unsea-
soned new issues and in stocks
which were madly overpriced."
Many who suffered in last
weeks panic markets have
learned the hard way that in
Wall Street the truism goes,
There's room for bulls and
bears but not for pigs and
hogs"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
NEW MATERIALS TESTING LAB
THE MARKET AND THE ECONOMY
Kennedy Aides Probe Reasons
Why Europe Outpoces U. S.

measuring the actual impact
Of Federal spending and tax
collecting on the economy.
Mr.. Heller has indicated he
favorS a budget which would
show the economic effects of
the huge Government held
trust funds, including social
security.
Can 1854 Be Repeated?
But Mr.. Kennedy and Mr..
Heller are focusing on matters
of greater moment than tin
kering with the fiscal yard
sticks. They want to know, for
instance, whether a tax cut in
1868 might have the same bene-
ficial effect that the last one
had, in 1854. And whether it
might be preferable as a slim
ulant-aS Britain seems to be-
lieve-to a rapid increase in
Federal spending.
Historically, Americans have
expected their Government -
no matter which party is in
power-to budget for a surplus.
All too often the SURPRISES
have turned into deficits, but
the goal of balancing the
budget has been accepted as
synonymous with fiscal re-
sponsibility.
One question raised by re-
cent European experience is
whether the very act Of writ
ing and executing a surplus
budget, under some economic
conditions, serves to diminish
consumer and corporate in
comes-and thus backfire by
retarding the economy and I'M
balancing the budget.
Some European experts argue
that it is wrong to use the
budget as a restrictive weapon
unless there is a serious in
flationary threat-that a more
nearly neutral" budgeting pol
icy in the long run will pro-
vide the economic climate that
generates growth and rising tax
collections.
One aim of the Heller study,
some officials here suggest pri-
vately, is a public relations
purpose-to pave the way for
public acceptance of some pos
Sible departures from time
honored American fiscal tradi-
ton.
That squares with the cur
rent hints that Mr.. Kennedy
will ask Congress, some weeks
hence, to start considering a
stable tax cut in 1868 as part
of a ba sic revision of the
patchwork United States tax
system. For a tax cut almost
certainly would mean a calcu-
lated budget deficit - to be
erased later, hopefully. by the
shot in the arm it would give
the economy.
Tomorrow: The Kennedy
grand strategy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
BY STERLING F. GREEN

Associated Press Economic Affairs Writer
The Kennedy Administration
is probing the growth posi-
bilities in a European-style
policy of neutral" federal
budgets - less concern over
small and temporary deficits,
less emphasis each year on
SurpluSes.
President Kennedy has or
dered his Council of Economic
Advisers to study Western
Europe's budget, tax and eco
nomic policies to find out, if
1t can, what makes Europe run
while America walks.
Behind his decision is the
fact that for the past five
years the European allies have
been expanding their output
twice as fast as the United
States. Some have gone be-
yond full employment" and
now have labor shortages.
Some reasons are evident -
the swift development of the
Common Market. the rush to
raise living standards which
still are far below this coun-
try's, different economic plan
ming. Still other elements have
caught the eye of administra-
ton economists.
Higher Plant Investment
One is that Europe's private
and public investment in new
plant, equipment and other as
sets is about so per cent higher,
in proportion to national out
put, than that of the United
States.
Another is that Europe's gov
ernments have run frequent
deficits without apparent
alarm. In the rare periods
when business hesitated, bigger
deficits were sought promptly
and deliberately to bolster buy
ing power. Seldom, except in
booming West Germany, have
tight money" policies been in
voked purpoSely to check in
flation.
Whether or not these fiscal
policies have helped build
Europe's visible prosperity can
be debated. But the Kennedy
Administration, now searching
for ways to turn a merely
satisfactory" recovery into
full employment prosperity, in
tends to find out if it can.
OF special interest are
Europe's tax structures, for
Mr.. Kennedy has announced
he will send Congress this sum-
mer the blueprint for a mas
sive 1868 tax overhaul. 1t may
contain a net tax cut of up to
So billion. At what points
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
Consumption Up 500

PARASITIC people of West
ern Europe. with a higher liv-
ing standard than ever, are
consuming nearly so per cent
more goods and services than
the fewer people who lived
in the same area Just before
World War II.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
METALS

)ndS.
T-Partially tax exempt.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
G. o. p. ASsaiIs Study

Republicans who blame Ken
nedy economic policies for the
stock markets wild gyrations,
already have assailed the Euro
pean study as "a real Alice
in-Wonderland" adventure.
There are ample signs that
the study and its director,
Chairman Walter w. Heller
OF the Economic Council, will
be the target of Republican
campaign speeches throughout
the fall congressional election
campaign.
The Senate Republican Pol
icy Committee gave the cue last
week. 1t derided the idea that
this country, probably for the
first time in modern history, F"
should look overseas to find
out something about how to
maintain a strong economy"
The G. o. P. statement re-
called that DR.. Heller helped
a Marshall Plan economic
mission to West Germany in
1851. The mission came up
with "a brightly packaged guide
to economic perdition," the Re-
publicans said. They went on:
DIR. Heller and the team sug-
geSted, among other things,
that in order to recover West
Germany should: Cd not pay
any attention to balanced
budgets; 90 not worry about
initiation: CD ont have excess
sive concern for price stability:
"a not be overly timid about
the creation of new credit; and
go be sure and let the Govern
ment play the dominant role
in the economy"
Germany ignored the advice
the Republicans said, and in
stead took the route of "a
sound currency, a balanced
budget" incentives to invest
ment and encouragement of
private enterprise.
President Questioned
Mr.. Kennedy was asked at
his news conference two weeks
ago whether he though Europe's
swift advance was related to
deficit financing. He replied
that he felt this was "one of the
matters we ought to be talk
ing about"
The President said he was
mot sure our budget keeping
is as modern as the economy
demands" He felt that the tax
system should be looked into,
to see whether it acts as "a
drag on the economy" when
the country is climbing out of
a recession.
Il don't think we should be
satisfied with the way we are
operating our economy as long
as we are not going at full
blast, as they are" he said.
The Heller study is expected
to propose some changes in
the budget itself-the admin
iStrative budget" historically
used for Federal bookkeeping
Economists have long argued
that it is a poor yardStick for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07


James j. Faxon, Controller of
the Currency, told the bankers
his office has cut down time
required for handling of appli-
cations for new bank branches,
mergers and new charters by
streamlining procedures since
he took office last December.
The goal for branch decisions
is so days and merger applica-
lions now are being handled in
60 days, while new charters are
being cleared within 80 days, he
said.
Much of the work on applica-
lions has been shifted to re-
gional offices, and three new
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
Basic Steps to Solve
Gold Problem Urged by
D. C. Bankers Chief
BY DONALD B. HADLEY
star Financial Editor

HOT SPRINGS. Va June THE Kennedy administration
has taken some steps to reduce unfavobe
and outflow Of gold but come to grips with really
effective solutions to the problem F. Wet
president OF the District Bankers Association, declared here
today
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07

NEW YORK, June Z (AP).-Spot
non-ferrous metal prices today: Copper
81 cents q pound. Connecticut Valley.
Lead ga cents a pound, New York.
T Tic csm nSnd pS Tsw vas ESSt 81; Lon1S
silver 1.01 "a per troy ounce. New York.
Pittsburgh scrap steel No. l heavy
was quoted by Iron Age at 26.OO-27. 90.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-07
Law Is Recalled

Under Federal law and cur
rent Federal Reserve Board
rules, a buyer of stocks listed
on an exchange must put up
at least 70 per cent Of the pur-
chase price in cash. He can
borrow the 80 per cent balance
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-11

County tax assessor, viii speak,
Ivy City-Trinidad Civic Associate
-crummell School. Gallaudet st. and
Central pl. ne.
Mount Pleasant Citizens Association
Mount Pleasant Library. 18th and
Lamont SITS. NV.
Arkansas Avenue Community Asso-
eiation-St. Marks and Incarnation
Church, 14th and Gallatin SITS NV.
Northeast Boundary Civic AssOcia-
tion-Drew Elementary School, seth
and Eads SITS II ie;
Spingarn High School, gath st. and
AfBB raoEIa rS Civic ciisi Assoelatlon-Noyes
Midway Civic ation--Morgan
School. California and Champlain SITS
NV. DR.. C.. Herbert Marshall former
president of the Federation OF Civic
Associations, will discuss District
housing nr0blems.
Alexandria Associs tiOn---s:15 pm,
Gadsby's Tarvern, Alexandria.
WEDNESDAY
North Washington Council Of Citi-
Gems AssOcia tions--6th Precinct Sta
summit ParR Ci taRison As Soc h%
Fort Davis Library, Alabama ave. and
Hawthorn ii Gia' Citizens Association -
Chevy Chase Community Center, 1901
Connecticut ave NV.
THURSDAY
CONGRESS Heights Citizens Associa-
tiOn--Congress Heights School, 9Th ST.
and Nichols ave. Sc
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-11
CITIZENS
MEETINGS
Meetinn announcement

Meeting announcements
must be in the hands OF the
CiUic Calendar editor By noon
Thursday OF each week to
insure publication in the
column on Sunday. Those
received too late Will not be
used separately unless there
is some special ne1DS S,gniti-
canoe attached to them.
Mario E. Campbell, assistant
Capitol architect, will tell Capt.
tol Hill residents about plans
for their area at 8:l5 pm. to-
morrow before the Capitol Hill
Restoration Society in the
Capitol Hill esbyterian
Church, Fourth street and In
dependence avenue Sc.
Other civic groups meeting
this week. all at 8 pm. unless
otherwise noted, are:
TOMORROW
Manor Park Citizens Associa ton
Whittier School, 9th and Sheridan
SITS. NV.
Progressive Citizens Association Of
OBSERVATION-DISCLOSURES Presbyterian
Church. 3515 P St. NV. Peter Craig,
and the Northwest Committee on
TRANSFORMATION, will speak on the
D. c. budget and area transit plans.
MontgOmery County Civic Fedora
Landoyer Suburban Citizens AssO-
ciatiOn-Landover (Md.) Christian
Church, Old Landover I'd. William
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-11
Photo Display Traces
Landmarks of Liberty

Spring visitors to Washing
ton this year will be offered an
unusual view Of the common
place at a photo exhibit spon-
sored by the National Geo.
graphic Society.
Entitled Landmarks of Lib
erty," the collection of $50
large-scale color illustrations
traces the country's develop
ment from pre-revolutionary
times. 1t goes on view tomorrow
at the Society's headquarters,
Sixteenth and M streets NV.
Among the pictures of his
toric sites is an aerial photo
of Mount Vernon, defining the
symmetry of George Washing
tons mansion, service buildings
and grounds.
Another unusual picture,
taken at the Lincoln Memorial,
gives a Lincoln's-eye view of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-11

a cluster of tourists in various
attitudes, studying the statue
Some of the Illustrations OF
the past are a woodcut of a
French and Indian battle in
1704; a 1889 engraving of the
Charleston IS. c. harbor, and
a poster offering a $4,000 re-
ward for the capture of Billy
the Kid, ''leader of the worst
band of desperados the Terri
tory has ever had to deal with. -
Visitors also can see mounted
cutouts of a Union soldier, a
mermaid weathervane, Peter
Stuyvestant, and other real and
symbolic historical figures.
Photographs in the exhibit
were selected from a forthcom-
ing book, Americas History
lands, Touring Our Landmarks
of Liberty" which the society
has prepared.
The display will be open to
the public without charge from
9 am. to 4:30 pm. Monday
through Friday for an indefi-
mite period.