davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-08-22
THE PASSING SCENE
Siqns of u. S. Economic Strenqth

trade, and is at least not
wholly displeased with stock
prices. 1t warns that these
developments do not Con
stitute conclusive evidence
that the economy is emerg-
ing from its pause" 1t also
observes that it is still i'm
possible to Judge the extent
to which busineSsmen's in
vestment plans have been
affected by the deterioration
of confidence which occurred
in the spring." This is q nice
way of recalling President
Kennedy's big-sticK operation
against Big Steel's attempt
to raise prices.
Still and all, Guaranty
Trust sums up: Business ap-
parently is still expanding,
even though slowly"
Does not this, along with a
good many other things of
recent months, suggest that
we have been engaged for a
long time in a curious enter
prise of excessive self-criti-
cism? We have been meas
uring our situation not for
where we actually stand but
for where in the best Of all
possible worlds we ought
ideally to stand.
We have been grudgingly
admitting in low mutters
that on their own real merits
things aren't so bad-but
then we have hurried on to
shout: But just look how
much better they could bel"
PerfectiOnist Attitude
Fully admitting the desira-
bility of setting our sights
ever higher. have we not
adopted a certain perfection
ist attitude? Have not the
economic sophisticates rather
oversold a vision Of grand
pie in the sky which makes
our really fairly decent bread
and-butter diet more taste
less than it need be, or Is?
Maybe not. but a good
many practical businessmen
surely think we have. A
country banker friend in a
typical Virginia community
puts it this way: They tell
me things are pretty bad and
that our rate of growth and
all that is highly unsatisfac-
tory. Perhaps they are right.
All I know is what is happen
ing around here. And what is
happening around here is
that our business is up $780,
900 from last year - and
100000 from two years ago.
I don't know what the rate
of growth ought to have
been: but I am sure not cry
ing about what it has been" "
Evening star., 1962-08-22
A BOOK FOR TO-DAY
Ownership of American Industry
By DONALD MINTZ

of fact had very little direct
ly to do with stocks.
Mr.. Fuller also offers an
interesting discussion Of mu-
tual funds. some Of their
recent troubles, and their
merits.
WHEN ALL IS SAID and
done, he has some recon-
mendations. He wants the
circus and carnival atmos-
phere of the stock Market.
reduced and cut down." This
requires public recognition
that it shares the blame for
the three-ring circus when
it tries to make a fast dollar
on a quick killing" But the
power Of the referee, the
SEC. must also be strength
ened.
Yet these recommends
tionS do not attack the fun
damental problem as Mr..
Fuller relates them. He feels
that even upper-middle class
families generally are not
in a financial position to buy
stock. Then he seems to
suggest that changing the
technical rules of purchase
will alter this. Next it is
said that prices must be
brought into line with earn
ings and realistically esti-
mated growth potential, but
we are told nothing about
how this is to be done.
The New York Stock Ex-
change is attacked because
it is a facility for buying and
selling already existing securi-
ties of a relative handful Of
huge, top = ranking firms
rather than for creating new
capital. But if the small in
vestor is to be still further
protected against risk, and
Mr.. Fuller wants to below
is he to participate in the
financing of new and rela-
lively unsure enterprises?
If stock is to be sold and
distributed to the great mass
of investors through employe
stock purchase plans which
Mr.. Fuller wants vastly ex-
panded, why must one be so
concerned about adjusting the
public securities market to
fit the needs Of this mass?
If yields are to remain low
or even to rise some, how Is
stock ownership to create a
rapid and powerful increase
in consumer demand?
Mr.. Fuller leaves many such
unanswered questions. But
in a limited area be talks
sound sense to small inves-
tors and amateur specula-
tors.
Evening star., 1962-08-22
THE MONEY CHANGERS,
BY John G. Fuller. 247 pp
dial Press, $4.95.0

by JOnn u. fuuer. Z41 PIP.
dial Press, $4.95.)
John G.. Fuller, who is a
columnist for the Saturday
Review, is fond of our eco
nomic system and concerned
about the present state of its
health. His concern focuses
on the ownership of Ameri-
can industry. The mass Of
the public" he writes, must
be put realistically in a posi-
ton where it is possible for
them to participate in the
equity ownership Of industry
on a conservative investment
basis"
But "in spite Of all the
talk about it (the trend
towards broad ownership is
not growing to the point
where such terms as profit.
free enterprise or capital
mean anything to a signifi-
cant number of households
in this country. Without such
meaning, free enterprise is
likely to fight a losing battle
with socialism-accom
by the loss of the dignity of
the individual, his rights,
and his incentive"
OF course it is true that
one out of. every eight adults
is now a shareowner, and
that nearly 13 million Ameri-
cans own shares Of stock as
of 1889" This interesting
fact is well advertised. An
other, perhaps more impor-
tant statistic Is less widely
known: Just about 11a per
cent of the adult population
in the country owns approx
mately 80 per cent of the
corporate stock"
IN MR.. FULLER'S view,
it comes down to this: Not
only has concentration been
closing in swiftly on the in
dustrial scene. but the con-
centration of stock owner
ship within these (dominant)
corporations has been in
creasing markedly"
This disturbs Mr.. Fuller
and brings him to attack the
present security distribution
system and especially the
New York Stock Exchange.
We are told that most of
the book was written during
the peak bull market of 1861,
many months before the May
% (1962) debacle." It was
not written with the idea of
exploiting the drop in stock
prices on that unfortunate
day.
Mr.. Fuller discusses the
operation of the market in
some detail both as it is now
and as it was in 1929. He is
particularly interested in
weaknesses in the regulation
of stock sales, both in ex-
changes and over-the -coun-
ter, and in situations in which
corporate insiders and stock
specialists on exchange floors
cannot help but take advan-
tage of the outsider, regard
less of much they may be
regulated or how upright and
beneficent they may feel.
There are several sections
devoted to stock scandals,
modern and not so modern,
as well as the story of the
plundering Of McKesson &
Robbins which as a matter
Evening star., 1962-08-22
Answers to Questions
BY THE HASKIN SERVICE

@. How long has the great
asphalt lake in Trinidad
been known? Is it getting
smaller? I. M.
A. The 114-acre bed Of
asphalt on the island of
Trinidad in the British West
Indies was discovered in 1895
by Sir Walter Raleigh.
Though the level of pitch
Lake" has dropped about 20
feet during the past century,
plenty of asphalt remains.
The supply is apparently re-
plenished from deep below
the surface. Within a week
after solid Jumps of asphalt
are dug out, the hole is filled
up again.
Evening star., 1962-08-22
LETTERS TO THE STAR

Pen names may be used IL
letters carry writerS' correct
names and addresses. All let
ters are subject to condenSd-
tion. Those not used iDiH be
returned only tDhen accom- =
panied BY self addressed,
stamped envelopes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
PERSONALS
sELF HYPNOSIS = InstantI

SELF HYPNOSIS = instantaneous
method taught BY trained con-
sultant. Indy. instr. 10, 2-274B.
Sill. SPRING, MD rms. with
pvt. bath for able-bodied lady,
rent free. for caring for old
gentleman. OWNER, JU, 0-2667.
START A NEW CAREER FOR 1868
ALLIED fashion fields. Fashion
merchandising. commentary mod
cling, photography. TV, etc. MOD
ELS GUILD. ST. 3-0456.
THE HOMESTEAD MATERNITY
HOME for unwed mothers. Pri-
waite. confidential, best profess
sional obstetrieal care, Room and
board, licensed adaptive, service.
ia Dan Waggoner Bldg. Fl,
Worth. Texas. Call collect EDi-
son 5-b942 or Pc, 2.150S.
TUTORING : Elem, his, college
subjects. Exper. tchrs. We come to
you. D, c.. Nd, Va. ia. 2-1sS9.
TYPING DONE AT HOME, letters,
manuscripts. ia. 9-7375, after
$3.50 pm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
HELP MEN
lcoNIINUEDl
ACCOUNTANTS

U. 8. citizens with excel. REFS, ca
reer, all fringe benefits. and about
counting and CPFS contracts.
WILLIS q HARTWELL, Lie. Empl.,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
SAVE S10

SAVE $40
Nsy. soft psrm.nsnt nov, complete,
o. Capitol st., b03-00OO,
sfLF-DEFKNsE COURSE inciudint
Judo and karatc. Free details.
Call IA. 1887.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
CLERICAL ASSISTANT
FOR NEW M1cRo-DArA DIVISION OF
BELL & HOWELL CO..

High school graduate with good knowledge Of
tipping, filing, and general clerical work.
Varied duties include correspondence, parts and
stock control, billing mailing, shipping, as well
as assisting in microfilm laboratory work.
on-the-job training in microflm processing and
maintenance technology will lay the cornerstone
for a challenging career In growing organization
in an expanding industry ~
In addition to an attractive salary, full range Of
fringe benefits, including profit-sharing.
Are you qualified for this Job? II so, call Miss
Brown 65s-2ss6, between and IL only, Monday
and Tuesday
An Equal Opportunity Employer
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02

Those Of you who have delivered
newspapers and have enjoyed IL.
You will be interested to know that
you are qualified for one OF our
survey positions. To get right 70
the point boys your eommlssioned
Apply 1907 nj st.. Suite 3Os. $50
pm. only. See Mr.. LIEBERMAN.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
ADJusToR

Investment eompany has ex-
cellent opportunity for ener-
getie young man.. age 21-26,
experience not necessary.
Will train as adjustor 10
home Improvement and ma
ririe financing fields. Out
side work, ear and expenses
furnished. Must be high
school graduate. For inter-
view phone MR.. FOIT, ~.
$500.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02

AccT.. bevsTass - s5.00O-s6..SSSS
AcCTG. CLERK. constr. $4,000
ACCT. BCS, young - $37b-S4Q0
ACCTS., CPA.. exper. - 10 $4,000
AIRLINES
1880. service completed. 500
ELETRONIC TECHNICIAN
Physics or electronics BACKGROUND,
some coll, asst. in demonstrating
and maint. all elect. eduipt. used
in physiology classes. TO So. 400.
IBM SUPERVISOR ------ so.
fsM s under 20. sxper. s1O $50
ROUTE Statesmen, 1927. beyer-
age, no cash bond -.----. $3.50
Statesmen, 22-50. for different
fields. some car furn. $4,000
NO DOWN PAY. LOW FEES
GREEN'S EMPL.
73S 10Th ST, NV, DI. 7-s436
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
ACCOUNTING

RNNSO4N 4 Avn
Gss.: i PsssSl: Supervisor :sOoo
Bo oss;: D1 re- Rad .zp.r SS ,SSS
Jr., deg. nee, no fee, $50. 460
OFFICE
Patent Attorney" electronic ex ( s6S
Insurance. direct mail and ads 'OO
vertising supervisor, resume
Tech. AbstractorH ndexer, 5000 5000
Librarian Tech, Catalogue, $4,000
Real Estate Layout, knowl. survey
right OF way, titles. $500
Adm. Aide, computer backgr. $1,000
Field Repres., no sales, deg. nee,
young, single, some travel, no
fee. expenses plus SO, $50
Adm. Asst, some law, 49, $4,000
Asst. sqperv.. 24-2s, 2 yrs. college,
married pref, -S4, $50
Claims Trainee. young
2 yrs. college, ST., $4,000
PERSONNEL
Mgr, Computer background, wage
salary adm, no fee, $4,000
Tech. Reeruiter. expers deg. neeesS
SALES
Tangibles 1ntanEibles. u: -sr.. some
TECHNICAL
Contacs Adm, exper., to $4,000
Writers, electronics, - to $4,000.
Techs. eleetronics, >. to $4,000
Adm. Asst, communication site
installation knowl.. $4,000
Editor, tech. reports, 49, to 1000
Buyer, ST.. electronie components
exper. no fee. ------to 5000 600
Craftsmen, electro mech, to $4,000
Craftsmen, microWave, to $4,000
Draftsmen,s cartogf topog., SO. 80
Machine Parts Inspector, to $3.50
Data Clerk. micro film, statiatics
Compiler opsr.e 1901 exper. $3.50
GORMAN-G RIFFING
$40 shoreham Bldg, RE. T-476A
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02

ADMIN. SALES
Pharmaceutical Sales
$500 $500
Science graduate. 1885. will be
trained to call on doctors and hos
s e,iSi' se si $500 sP Ssw S SS5 inSn
commissions. $4,000 minimum
potential. GRAEBNER's. i343 II
Sc: NV, Elk. 3-7977, Sill. Spg.
Ju. S-3144 lempll.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
PERSONALS

FORM 81, resumes position descrip-
ton specialist. Low rates.
Call WA. 5-S234
FRENCH conyersation classes BY
expert teacher. graduate Sor-
bonnie. Univ Of Paris. DU. z.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
WANTED
Single Men and Women

New adult club has openings for
mature men and women who
would like to get out. meet new
friends. attend parties. etc. For
more information call Miss
Payne, 3 to 8 pm. CO. 5-5502.
SLIME RUBBER ADDRESS STAMP
in beautiful Park Ave. Script,
S1.25. or line to personalize
your Christmas card, 81. Both
for S1.S9. 3 to 4 days service.
FRANKS RUBBER STAMPS
ASIA Ammendale Road
Beltsville, Md. 935-6709
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
TRAiNEES

MANY, MANY MORE
GRAEBNER'S
1913 H ct. NV. Elk. 3-7977
1915 Georgia Ave. JU. s-3144
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02

done ct home, reason
able rates. Phone 726-4S67.
UNIQUE PERSONALIZED introduce
ton service for unmarried adults,
all religions. RE. 7-3504, Monday
through Friday. Ia pm.
UNCONTAMINATED WATER, 99.-
009p94eo pure. Delightfully clear,
unadulterated, Mt. Laurel, spring.
water, conv containers. Drs. rec
ommend. Prompt home delivery.
TALBERT'S BEVERAGE SERVICE,
OIL. $4,000.
WANTED-Foster homes for in
fants by licensed child care agen-
cy. Temporary 24-hour care for
very young infants. Please write
Box 76-V, Star,
BY parents Transferring
from area. accommodations for
rolled at Je6 Stuart II. s. write
Box 40l-G, Star, giving details
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
ADMINISTRATIVE
ASSISTANT

Young man. 2l-36, with career In
terest in accounting field. Expert
enee as bookkeeper and/or college,
level study In basic accounting de-
sired.
Permanent position, pleasant work.
ing conditions. liberal Company
Benefit Program.
Apply Personnel weekdays, $40
am. 10 Noon or phone Ii. $4,000
extension 665 for appointment.
THE EVENING STAR
225 virginia Ave. Sc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
HELP MEN


TEcTURAL CRAFTSMAN. sxpe-
rienced. ANTHONY r. MUsQ.
LIMO AND ASSOCIATES. 1870
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
PERSONAL

A GOOD WAKE U UP and phone
e nsws,ips .ssy , r Psrso D .sd
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-02
HELP MEN
IDMIN. SALES

ADMIN. ASST; to Oiiise; mgr. sin
cate. Miss Bell, BoYD's. 700 18th
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-23
HURT IN EVERGLADES TEST
Sir Gaylord May Miss F|omingo

third to fourth by the stewards,
with Prego moving to third.
Reports circulated that Sir
Gaylord had broken an ankle
but Hayes said the horse
showed in the Everglades that
he had come back fine from an
ankle ailment last fall.
One source said X-rays
showed Sir Gaylord suffered a
hairline fracture in the Ever
glades race but Hayes insisted
there is no fracture. He would
not elaborate pending Chenery's
arrival.
In the older horse division,
at least 10 owners are expected
to pay $1,000 each today to
enter their horses in tomorrow's
100000 Widener Handicap at
Hialeah, the first big event OF
the year for older horses.
Mrs. Katherine Princes Garry
Back, 3-year-old champion ir
1861, will be seeking his first
victory of the year in the mile
and-a-quarter feature. He fin.
ished second to now-retired In
tentionally in both the Palm
Beach and Seminole.
With Intention a lily nov
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-23

MIAMI, Feb. % (AP) The
possibility developed today that
Sir Gaylord, impressive winner
of Wednesdays Everglades
Stakes and current Kentucky
Derby favorite, may not run in
the 100000 Flamingo Stakes
March 3.
Trainer J. H. Casey Hayes
said X-rays have been taken of
Sir Gaylord's foot and showed
no fracture. Hayes would not
elaborate and said that Chris
topher T. Chenery, owner of the
colt, would come here from
Palm Beach and have state
ment later.
1t would be the third big dis
appointment for Chenery's
3-year-olds in the last 10 or
IL years. His Hill Prince and
First Landing we're 2-year-old
champions but neither went on
to win the Kentucky Derby.
Hayes told a sports writer
that Sir Gaylord was injured
on the first turn in the rs mile
Everglades when Ridan came
over on him.
Ridan was disqualified for
interference with Prego during
the race and was dropped from
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-23
Hurtuck Offers
To Give Up Ridon
To Another Rider

MIAMI, Feb. % (AP).-Bill
Hartack has offered to give up
Mrs. Moody Jolley's Ridan in
favor of another jockey.
The Jolleys-Moody and his
son, Leroy, the trainer-said
that after Wednesdays Ever
Iglades Stakes Hartack came to
them and said there would be
no hard feelings if they put
some one else on Ridan. Ridan
finished third back of Sir Gay
lord and Decidedly but was dis
Qualified and placed fourth.
"Hartack rode the horse
WELL" the Jolleys said. "He just
wasn't enough horse"
Hartack said the horse may
not run his best under Har-
tack's handling, but the Jolleys
said they have made no future
plans but expect to run Ridan
in the $100,000-added Fla
mingo Stakes March 8.
Hartack certainly won't ride
him in that race. The stew
ards set him down for 10 days
yesterday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-23

standing at stud in Florida,
Carry Backs chief competition
may come from Ogden Phipps'
Hitting Away, winner of the
Royal Palm; Calumet Farms
Yorky, defending champion in
the Widener and third in the
1862 Seminole; Walnut Hill
Farms zumbador II, third in
the Royal Palm, and Robert
Lehman's Ambiopiose, third in
the Palm Beach.
Garry Back will shoulder top
weight of 1877 pounds, with
John Sellers to ride, while Sec
ond impost of 1874 pounds goes
to Jacob Sher's Sherlock, last
years Belmont winner and a
disappointment in the recent
Seminole.
Hitting Away is third in the
weights with Ambiopoise at 121
while Yorky carries 100 and his
stablemate, Beau Prince, gets
in with 119. Merry Ruler car.
ries 1T; Aeroflint, Hillsbor
ough and Zumbador II, IL.
each; Royal Record 10 anc
Your Alibhai LOT pounds.
Missing from the lineup will
be Vapor Whirl, with Bill Har'
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-23
BrownAiIinq,
TitIeDefense
Is Postponed

LAS VEGAS, New, Feb. %
(AP). - Disappointment was
the word for all concerned to-
day over postponement of the
Joe Brown-Carlos Ortiz light
weight fight because of Browns
sudden illness.
Champion Brown was geared
for an about effort to put
Ortiz in his place"
And Ortiz felt he would STOP
the 35-year-old Brown in seven
rounds.
They were to have met in q
nationally televised Is = rounc
fight tomorrow night, but
Brown was forced to cancel out
of the match yesterday because
of 102-degree fever and badly
infected tonsils.
DR.. Donald j. Romeo, of the
Nevada State Athletic Commits
sion, took one long look al
Brown and promptly said he
could not fulfill the engage.
ment.
Co-Promoter Mel (RedO Grek
said he hopes to restage the
match April 81 or May S.. two
dates which are open for a ma.
tional television Flight of the
Week" show.
While facing a financial loss
Greb quipped, "It's a case O.
Red being blue over Brown"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-23

tack up. Hartack was handed
a To-day suspension yesterday
and will miss both the Widener
and the Flamingo. Vapor Whirl
was slightly hurt in the Sem
mole. Also suspended for care
less riding were Walter Blum
and Eugene Monacelli, for 10
days.
In addition to Sellers, jockey
assinments include Steve
Brooks on Yorky, Bob Ussery
on Hitting Away, Hedley Wood
house on Royal Record, Braulio
Baeza on Sherlock, Sam Boul-
metis on Ambiopoise, Ray
Broussard on Zumbador II and
George Glib on Your Alibhai.
| If Garry Back wins the Wild
ener, he would become the first
Florida bred to accomplish that
feat. Needles, the 3-year-old
champion in 1856, also was
foaled in Florida but did not
run in the Widener.
Carry Back already has
earned $870,798 and a winning
campaign for the remainder of
the Florida season at Hialeah
and Gulfstream Park would put
him we'll past the million mark.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-23
WxM LOSE OR DRAW
BY FRANCIS STANN
By FRANCIS STANN

back, especially if I know that sticking
with this club means catching"
Maybe the utmost in quality isn't there
catching than in any other department.
Now battling to remain among three lively
survivors are Bob Schmidt, obtained from
Cincinnati this winter; Ken Retzer, who
batted surprising $40 in late trial last
summer; Pete Daley who opened 81 as
No. 1, and Bright.
Manager Mickey Vernon, cognizant
that Schmidt had been first-string catcher
of the Giants and a long-ball hitter en-
visions the 29-year-old newcomer as his
potential regular. There is, however, a
question of Schmidt's knee, which kept him
out of action almost entirely last year and
required an involved operation.
If Schmidt's bum wheel breaks down
again, VOWS Doherty who engineered his
trade, he may be returned to the Reds in
exchange for another player. The Senators,
you remember, gave Marty Keough and
Johnny Klippstein for Schmidt and Pitcher
Dave Stenhouse.
IF ONLY BECAUSE the Senators des-
perately need lefthanded batting catcher,
Refers retention is considered automatic.
This is above and beyond his fancy aver
age in the 16 games he caught after being
purchased from San Diego
Thus it would seem to leave it between
Daley and Bright, assuming that Schmidt's
knee holds up. Of the two, Vernon has got
to rate Bright the better hitter, Daley the
more experienced catcher. Mickey likes
the idea of having No. catcher who
can pinch hit, which indicates that he
might lean toward Bright provided he can
backstop little.
Harry an off -season surveyor for the
Southern Pacific Railroad, thinks he can.
That failing, our intrepid traveller may even
make one final suggestion. Until and un-
less the Senators come up with a right
handed hitting first baseman, Harry
wouldn't mind tryout at the bag, whose
only candidates to date are the missing
Bud zipfel, still to be sprung by the
Marines, and the missing Dale Long, who
is unhappy about the kind of money he
has been offered.
Only an impulsive inquisitor would
ask Harry why he felt he could play first
base. To know Bright is to anticipate that
somewhere along his devious trail he
already had played the bag for several
clubs
"Oh, sure" Harry replies, blandly.