davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10

Referee Andy Smythe stopped
the fight in the seventh round.
At that point Bygraves, who
had taken a four count in the
second round from a short
right from Johansson, was
almost out on his feet. His
left eyebrow gushed blood from
a barrage of punches taken in
the sixth round.
Bygraves' hands dropped to
his side in the seventh and
Referee Smythe stepped in and
stopped the fight after 2:08 of
the round.
Says lingo Is Faster
It was Johansson's first fight
since last March, when he lost
on a six-round knockout to
Heavyweight Champion Floyd
Patterson. Inactivity has
dropped Johansson to sixth
place in the world standings.
"Johansson is faster now
than when I last fought him
Gin 1861" a bruised and bat
tered Bygraves said after the
fight.
Promoter Edwin Ahlquist,
Johansson's longtime friend
and adviser, commented, Il
thought this was a great show
by lingo. He was fast and used
his left with lots of intelligence.
Maybe some people will be
disappointed because he didn't
knock Bygraves out with a
hard right-the punch that
made lingo famous. But this
was his first fight for II
months. He took it easy. He
took risks. To me he looked
very impressive" Cheers from
the Goteborg crowd showed the
fans were not disappointed.
Seeks European Title
Ahlquist said Johansson may
have one more fight before
challenging for the European
title-a crown lingo held before
winning the world title.
IF lingo wins back the Eu-
ropean title. then he will strike
for Sonny Liston-and a Jo-
hansson-Liston fight in the
open air in Goteberg would
pull in a crowd Of 60,000," ALL
quist said.
Johansson weighed 200, By
graves 200.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10
Palmer Boosts
Phoenix Lead
ToFiiyeStrokes
PHOENIX, Ariz., Feb. 10 (AP)

PHOENIX, Ariz., Feb. 10 (AP)
The field in the $35, 1000 Phoe-
nix Open faced just about the
toughest assignment in tourna-
ment golf today - trying to
catch fast finishing Arnold
Palmer, who already holds a
five-stroke lead.
The long-hitting defending
champion went into the third
round 10 under par with Ga
68-132.
Art Wall, running second,
had to employ his best recov-
cry shots and all his putting
skill to scramble for a 70. That
left him at 1877.
At 1879 were Bob Rosburg
Gene Littler, Johnny Pott, Don
Massengale, Bob McCallister
and Gardner Dickinson.
The highlight of Palmer's
round was an eagle on the sew
enth hole, the courses longest
at $40 yards. A prodigious drive
and a fantastic one-iron belt,
estimated by playing partner
Rosburg at 260 yards, put Pal
mer's ball just three feet from
the cup. He canned the putt.
Jack Nicklaus, playing his
sixth tournament as pro after
winning the National Amateur
and intercollegiate titles last
year, slipped to a two-over 70
yesterday and is even par for
SO holes at 142.
Ninety pros with scores of 149
and better survived the 36-hole
cut. Among those just making
it was Charley BasSler, pro at
Indian Spring Club in Silver
Spring, Md. Bassler added a
rs to his IA of opening day.
The leaders:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10

two more scrambled races.
First-place Colorado State Uni
versity (15-4) is at Denver,
Utah State (15-4) has a game
at Brigham Young and Utah
$3.50 entertains Montana.
Colorado State has a IL con-
ference mark in the Skyline
while Utah and Utah State
both are 81.
Cornell, Yale Busy
Top games in the Southwest
are Texas Tech at Baylor, Texas
A&M at Southern Methodist
and Rice at Texas. Texas Tech
and Texas A85M are in front
at So, with Rice and SMU a
step behind at 4-3. ...~
Ivy League co-leaders Cornell
and Yale, both winners last
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10

night, are busy again tonight.
Cornell is host to Penn and
Yale is at Dartmouth. The
Middle Atlantic Conference
pairs off four contenders-St.
Joseph's pa (12-5) at Della
ware did and Temple (12-5)
at Lafayette (14-3). And first
place Massachusetts, will 60 for
its second victory in as many
nights against Maine in the
Yankee Conference. The Red
men beat Maine, 65-54, last
night.
UCLA risks it's 40 mark in
the Big Five against Stanford.
it's closest rival at Los Angeles.
st. Mary's (Calif), only I'M
beaten club in the West Coast
Athletic conference with its
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10
BY the Associated Press

I'd Ohio State, undisputed king
of the hill in college basketball,
shoots for another mark to-
highland odds are high the
Buckeyes will make it.
The unbeaten Bucks can tie
the Big Ten winning streak
record with a victory over Min
nesota. In a span dating back
two years, Ohio State has won
% straight in the conference,
bringing the it to within one
of the number put together by
Wisconsin in 1928.
Also in the numbers game,
Ohio State will be after its
18th victory of the season, it's
eight in the Big Ten and it's
32d in a row a home.
Kentucky In Action
Kentucky's second ranked
Wildcats, on a bit of a tear
themselves with Is consecutive
victories, seek to protect their
Southeastern Conference lead
in a home game against Mis-
sissippi State (17-D is at
Tennessee. s .... ,
, Fifth ranked Duke (14-3
having trouble keeping ahead
in the Atlantic Coast Confer
ence, entertains last-place Vir-
ginia. The Southern Confer
ence features, as usual, West
Virginia (17-4. The pace
setting Mountaineers are at
home to George Washington.
Two hot races in the Midwest
resume with Big Eight con-
tenders Colorado and Kansas
State and Missouri Valley chal-
lengers Cincinnati and Wichita
in conference action. Nebraska
is at Colorado, Big Eight leader
at 60, while Missouri plays at
Kansas State, No. 4 nationally
and 6-1 in its league.
r. Cincinnati at Tulsa
In the Missouri Valley, third
ranked Cincinnati 1922 is at
Tulsa, Wichita (16-5) is at st
Louis and front-runing Brad
ley $3.50 has a nonconference
game at Louisville. Bradley is
81 in the league, Cincinnati
To and Wichita 60.
Mid-American leader Bowl
ing Green Q5-2), rated eighth
in the Nation, plays a confer
ence game at Marshall.
Both the Skyline and South
west Conferences are playing q
full schedule-and these are
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10
Terps Bombed
ByGannecocks'
Fast Attack

CLEMSON, S. c., Feb. 10
Especially The University of
Maryland basketball team,
which last night dropped its
second game to South Carolina,
came here today in hopes of
getting a fresh start in its first
meeting of the season with
Clemson.
This Just hasn't been the
Terps' year to have any luck
with South Carolina. Last
month they lost in overtime at
College Park. Last night the
Gamecocks bombed Maryland
into submission with go per
cent shooting, 1858, at Colum-
bia.
Maryland's plan to stifle the
South Carolina fast break didn't
pan out as 5-foot-11 Bobby
Robinson popped in 20 points
and 6-3 Ronnie Collins got Is,
mostly off the running game.
Besides that, Ga Art Whisnant
poured in q.
Maryland finished with five
players in double figures, led
by Bob Eicher with II points,
but sorely missed scoring by
Jerry Greenspan, whose only
two points came on the foul
line.
interruptions by the Game
cocks helped get them off to
a fast start for their 18th vic
tory against eight losses, even
ing their Atlantic Coast Con-
ference record at SIS. Mary
land, which has alternated win
ming and losing its last IL
games, now is $40 overall and
3-5 in the ACC.
South Carolina moved out
from a % tie for an 11-point
advantage at halftime and wild
ened the margin to 10 points
before the finish.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10
lingo Cautious Fighter
In Stopping Bygroves

GOTEBORG, Feb. 10 (AP)
Tive won my first comeback
fight and I'll win a lot more
in my bid to get back to the
top" Ingemar Johansson, for
mer world heavyweight cham
pion, said today.
Johansson toyed with Joe
Bygraves of Jamaica, former
British Empire heavyweight
champion, before a sellout
crowd of 5000 at the Maesshal-
len Stadium last night. Irish
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10
Weekend Sports
On eeNision

TODAY
Basketball
Wake Forest at North Caro-
lima, WTOP-9, 2 pm.
st. Louis at Cincinnati, WRC-
4, 2::30 pm.
Horse Racing
Seminole Handicap from Hia-
leah, WTTG-5, 4:30 pm.
All-Star Golf, WRC-4, 5 pm.
Bowling
Bowler's Choice, WMAL-7
$3.50 pm.
Chesapeake Tenpin Open
WNdAL-7, 4:30 pm.
Make That Spare, WMAL-7
10:45 pm.
Boxing
Eddie Machen VS.. Cleveland
VILLA ms, heavyweights
WMAL-7, 10 pm.
SUNDAY
Sports Spectacular
National Figure Skating
Championships WTOP-9, 2::3C
pm.
Wide World of Sports
Los Angeles Times Track
Meet, WMAL-7, 5 pm.
Golf
Wonderful World of Golf
WTOP-9, 4 pm.
BOWLING
Championship Bowling
| WMAL-7, noon.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10

normal weekend turnout for
Bowie, running without compe-
tition in the East.
The gate and betting handle
of $643,081 fell far below the
hopes of Bowie officials, who
were counting on a day more
in keeping with a spring meet
ing.
A wide open scramble is
promised in today'S $780,
added Burch Handicap, the first
of eight stakes to be run at
Bowie this season. The five
MISUNDERSTANDING sprint has
drawn II original entries, in
Guiding a three ply entry
trained by Harry Eklof.
Moon Shot Seeks Repeat
One of the Eklof-traineo
trio-his wife's Vir-Marie-is
expected to be backed strongly
enough to make the entry a
slight choice over an entry
owned by Mrs. Ada L. Rice
They are Rare Rice, with 121
pounds, and Try Cash, 118.
Topweighted with 122 pounds
and one of the more fancieC
choices, is Mrs. w. Coke
Wright's Moon Shot, who wor
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10
MIA STANDINGS

RESULTS LAST NIGHT
Philadelphia 1875, Boston 1874.
New York 100, Syracuse Ill,
GAMES TODAY
Chicago VS.. New York at Philadel-
phia.
Boston at Philadelphia.
st. Louis at Cincinnati (afternoon
-TV).
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-10
BY JOSEPH b. KELLY
Star Racing Editor

Bowie is playing it's unshake-
able character role today-dig-
ging out of a snowstorm in a
desperate effort to have the
ElucklesS racing plant ready for
the first weekend program of
the 1862 season.
IF they moved Bowie to Mi
ami, there would probably be
the worst snowstorm in Florida
history" a fan remarked as
yesterdays four-inch snowfall
whitened the countryside.
That about summed up the
feeling of the slightly dazed
Bowie officials, who thought
1862 was going to be different
than last year.
Snow, unprotected by the
weather bureau, began falling
at Bowie yesterday two hours
before post time, as if the ele-
ments were just waiting to
squash the seasons opening
day program. Before the flakes
stopped last night about four
inches of the white stuff had
accumulated.
Slippery Going
Track Superintendent Marty
Meyer and his crew, who fought
to keep the racing strip open
for the nine races, Immediately
tackled the snow removal prob
lem as the 1898 fans made
their way homeward on slip
perry highways.
A number of fans left their
automobiles on the parking lots
and took trains or buses rather
than risk driving. A number
of tie-ups developed as roads
became temporarily blocked.
Bowie's newly purchased
snow = blowing machines were
thrown into action today
to clear the track, roadways,
parking lots and stable area of
snow.
Because of yesterdays storm
attendance today is expected to
be held to $4,000, far below a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05

Allen j. Greenough told the
stockholders:
Consolidation Of the Ma
TONS railroads into fewer well
integrated but competitive
systems offers the best hope of
preserving sound tranSporta-
ton industry-to the benefit of
shippers and passengers, rail-
road employees, stockholders, the
public generally and the in
terests of the Nation itself"
1T has long been apparent
to your management that a
well-conceived merger program
was necessary to effect impor-
tant economises through the
unification of railroad facilities
and your company has been
consistent in favoring and sup
porting mergers particularly in
the East. We believe that our
proposed merger with the New
York Central is a step forward
in that direction, and it is our
intention to exert every effort
toward that end"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05
Mocke Vending Co.
Announces Dividend

Directors of Macke Vending
Co. of Washington today de-
clared the regular quarterly
dividend of liz cents a share
on its Glass A stock, payable
March 80 to holders Of record
March Is.
Officers of the firm for 1862
whose terms we're continued
for one year are: Aaron Gold
man, president; George H.
Duckett, Myer Gelfand, Mar
Gus Kaplan, Albert M. Rodstein
and Matt B. Russ, vice presi-
dents: Balfour D. Goldman,
secretary; Lyman Goldman,
treasurer, and Robert B.
HirSch, assistant secretary.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05
xxx Associates
Acquires BuiIdinq

xxx Associates, collection
firm, has acquired its own
building at 1926 Georgia ave-
nue. NV, and moved opera
tions to the new location on
March l.
The firm has a branch office
at 1418 Walnut street in Phila-
delphia.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05

accepted the unsupported diary
of a salesman as proof of his
expense account for extensive
travel and let him deduct the
$500 he had claimed on his
return. The same court allowed
a sales manager to deduct
roughly half his claimed ex-
penses, although his sole proof
consisted of checks he had
cashed.
In fact, the IRIS has declared
its own war" on all types of
expense account deductions
Get your records together. If
you're sure of yourself, fight
back.
Tomorrow: Sales Tax Deduc-
tiOns.
Distributed 1852 by the Hall Syn
dictate. All Rights Reserved)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05
Hawaii Pepsi-CoIo
Bought by Group

Chester w. Martin, president
of Pepsi-Cola Bottling Co. OF
Washington, D. c., is one OF
six purchasers of the Pepsi Cola
Bottling Co. of Hawaii, the
latter company announced to-
day.
The contract for the sale was
signed February % in Honolulu
according to the Hawaii con-
Germ. The price exceeded 81
million for a modern bottling
plant in Honolulu and diStri-
button facilities among the is
lands.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05
Banker Cites
Prospects in
Higher Rates

NEW YORK, Mar. S (Spe-
ciaD The overall cost of saw
ings deposits of a commercial
bank should run between 334
per cent and 4l4 per cent ever
If the bank pays the highest
permissible interest rate anC
these funds can be invested" to
yield from 524 to 6l2 per cent
a banking leader said here
today.
Charles A. Agemian, control
Ter general of Chase Manhattan
Bank, told the National Savings
Conference of the American
Bankers Association that a bank
must and should make all loans
and especially consumer loans
it can prudently make.
He spoke in a panel discus
sion of the probability of saw
ings. A number of bankers from
the Washington and Baltimore
areas attended.
Rebuts on Costs
1t costs a savings association
about 6 of l per cent to Serv-
ice its savings accounts other
than interest paid and for a
commercial bank this should
run between 4 and S of l per
cent, he declared.
In addition to prudent con-
sumner loans, a bank should
study taX-eXemptS and FILA
and VA ACKNOWLEDGEMENT
teeo mortgages, both of which
with maturities of 10 or IL
years, will yield 534 or 612 per
cent with virtually no invest
ment cost, he declared.
The speaker scored shack
les" imposed on banking by
archaic" laws and regulations
Among these he listed the 5 per
cent reserve requirement on
time deposits, which he said
has no vestige of liquidity
indeed it is the most sterile and
frozen asset we have on our
books"
Commercial banks are sub
jected to layer on layer of Su-
perviSion, he continued.
Cites Limitation
There is a basic limitation
on the amount we can invest in
mortgages. Even in guaranteed
mortgages we have restrictions,
varying from State to State and
national VS.. State. We can't
even compete with one another
on an equal basis, let alone
with our competitors-mutualS
and savings and loans.
Il can't understand the logic
of why limits are all based on
a percentage of time money
and, if so, why it applies only
to the commercial bank"
Julius Stern, Parkersburg, w.
Va, banker, reviewed the prof
liability of savings for smaller
banks. H. Jerome Crammer,
secretary of the ABA research
committee, discussed prelimi-
nary date from a current
survey.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05
Cos Light Income
Shows SIiqht Drop

Washington Gas Light Co
today reported a net income OF
$2,551,641 in January, a drop
of $60,169 from the total for
the month last year.
The utility attributed the de-
cline largely to warmer weather
this year.
The number of customers
meters in service totalled
415,614 at the end of January
Ia gain of 11,061 over the cor
responding date last year. Value
of property, plant and equip
ment increased by $16,257,O37
to Sl87. 2O7.308
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05

Insurance Co., is blazing almost
as spectacular a growth trail as
GEICO has followed in the
automobile casualty field for
the last 26 years.
GELICO's record insurance
in force was 20 per cent ahead
of $219 at the end of 1860 and
compared with 1857 million at
the close of 1856 and $22.5 mil
lion at the end of 1852.
The latest assets peak was
up 81 per cent from $14.5 mil
lion and year earlier and con-
trasted with $5,547,129 at the
end of 1856 and $1,070,93O at
the close of 1852.
Sales Top $37 Million
Sales of ordinary life insur-
ance also reached a new high
of $37 ,255,765 in 1851, a gain of
9 per cent from $34,310.391 a
year earlier. They contrasted
with $14,636,366 in 1856 and
$8.5 million in 1852.
Premium income of $685.
SIS in 1861 was up IA per cent
from $4,132,696 in 1860. In
vestment income of $622,57C
was up "a per cent from $780,
OCT. Net gain from operations
amounted to $1,171,406 VS.
$1,093,271 in the previous year
Portfolio yield was 4.51 per cent
VS.. 4.43 per cent.
Capital and surplus stood at
$3,427,454 at the years end, an
increase of 10 per cent from
$2,872,973 a year earlier.
Average size of ordinary life
policies sold in 1861 was $3.50,
compared with $5,624 in 1860
The lapse ratio declined to Sol
from sos in the previous year
New System Helpful
The company's program to
expand sales facilities through
use of field representatives is
developing satisfactorily, Mr.
Davidson reported.
He said $11, 489, TAG or 81 per
cent of the years total ordinary
life sales were produced by
field representatives. The re-
naming $25,766,016 was de-
veloped by direct mail. Field
representatives more than dou-
bled their volume from a year
earlier.
The staff of field representa-
tives increased to % in 1861,
compared with II in 1860. Ten
leading representatives sold and
average Of 100000 each and
four produced more than 81
million each.
The new program intails ad-
ditional administrative costs,
but much of the increase can
be regarded as a long-term in
vestment for future expansion,
Mr.. Davidson declared.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05
I'm collaboration with

The Research Institute of America)
The Treausry's drive against
expense account living is going
to be even broader than was
anticipated. 1t well may attack
even expenses you can prove
were for good business pur-
poses.
For example, Internal Rev.
enue Service Commissioner
Mortimer M. Caplin plans to
distinguish between money
spent in 1861 for entertaining
old customers and new or
prospective customers. T h e
theory is that entertaining an
existing customer is a deducti-
BILE expense because it is di-
rectly related to the production
O. income from customer or
ders, but entertaining a pros
pective or new customer is
merely building up goodwill
and therefore in the nature of
a non-deductible capital ex-
pense.
In view of this, you should
be ready with as much proof
as possible on how much you
spend for entertainment of OLD
customers or clients.
Ruling to be Questioned
Another target of the IRIS
is the rule established by the
courts that a businessman may
deduct an estimated amount of
travel and entertainment ex-
penses which is reasonable in
light of his particular business
activities - even though he
doesn't have the itemized sup
porting evidence.
Mr.. Caplin insists that this
so-called "Cohan rule"-estab-
lished in 1880 when tax rates
were low and record-keeping
by taxpayers was lax-is out
Of date. If a businessman
doesn't maintain adequate rec
ords, argues Mr.. Caplin, he
shouldn't get the benefit of an
estimated expense deduction.
With Treasury agents out tt
disallow virtually all unsup-
ported expenditures and to be
as tough as they can on tax
payers who pad" their travel
and entertainment expenses
the Importance of getting to-
gether the best records to back
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05

Park Plaza Apartments on
Queens Chapel road in Chill
lum, Md, it was announced by
Vice President Robert A. Beer
of the Washington office of
Ivor B. Clark Co.
The project now under con-
struction is owned by Arnold
Reft, developer.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05
Rail Mergers Called
National Need

A businesslike merging of
individual railroads into eff
ficient rail networks that can
effectively compete for business
with water and air transport is
a major need of the national
economy and the national de-
Tense, it was emphasized in the
115th annual report of the
Pennsylvania Railroad issued
today.
In the report. Chairman
James M. Symes and President
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05
YOUR
MONEYS WORTH
Az SYIvIA PORTER
Save on Taxes Y
BY SYLVIA PORTER

up your spending claims is un-
miStakable.
Another expense account an
gle slated for intensified attack
is the money you spend on your
own food and entertainment
when you entertain customers,
clients or business associates.
The Tax Court has stated in
its so-called "Sutter rule" that
the money you spend on your
self in these entertainment sit
uations is not deductible by you
up to the amount you would
ordinarily have spent on your
self if you weren't entertaining
customers, clients, etc. Thus,
if you pay SIS apiece for lunch
for yourself and a customer at
a luxury restaurant and your
normal luncheon bill would
have been So. this rule would
cut your $40 expense deduction
to So.
But the Treasury thinks this
is too liberal. It's aim is to dis
allow the entire S. you spent
for your own meal and it
doesn't care what you other
wise would have spent. 1t would
give you only a SIS deduction
for your customers meal.
If the Treasury should win
on this one, all of you who
must entertain visiting custo-
mers or clients at theatres,
sports events, night clubs, ETC.,
would be seriously affected.
Your own share of the bill
would be disallowed even
though you never would have
gone to the theatre, or the
night club and actually may
dislike such entertainment.
| fTOOI IS fTUOIcm
You may have the best in
tentions, honestly try to keep
accurate records and still may
not be able to supply support
ing proof for every dollar you
spent on business travel and
entertainment. If your return
is examined and the tax agent
insists on disallowing your
non-supported expense account
deductions, you should get
professional advice about TAX
ing your case to the Tax Court.
For, so far, the courts have
shown no inclination to go
along with the Treasury's
tough attitude on the "Cohan
rule" For instance, a Tax Court
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-05
Peoples Drug Opens
Falls Church Unit

A large new self-service
Peoples Drug store has been
opened in the Falls Plaza shop
ping center, 1925 West Broad
street, Falls Church, Va.
This 12,500-square-foot store
is managed by R. E. Pickett,
who has been with Peoples II
years. G. R. Haymaker is as
sistant manager. Both are grad
yates of the George Washington
University College of Pharmacy.