davidaulloa/AmericanStories huggingface dataset:
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1962-03-23

Jimmy Pnelan won
In the national tournament,
MI. ST. Mary's first knocked
off defending champion Wit
tenberg, 43-39, but had to
overcome a seven-point ga
10 half-time deficit to grab
the victory.
The Mounties defeated
Southern Illinois, 1857, in
the semi-finals but it took a
jump shot with two seconds
left in the game to net the
victory.
THREE FREE throws in the
overtime period gave Mt. st.
Mary's its victory in the
championship game. Both the
Mounties and Sacramento
wound up the game with the
same number of field goals
-24-but the Mounties had
the edge in charity points,
1919.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1962-03-23
COLLEGE SCORES

kCAA
Villanova 30, West Virginia rs
Western Ky. 80, Detroit 81
Creighton 81, Memphis State "a
Wake Forest 96, st. Joseph Pal
as fOTb
Villanova 10, NYU rs
Cincinnati 50, Creighton 46
Oregon State SO, Seattle SIS f0T1
Wake Forest 70, Villanova SO
NYU "a, st, Joseph pa IS
Creighton SO, Texas Tech 81
NcAA SMALL COLLEGE
Mi 81. Mary'S -, Wittenberg 80
Mt st. Mary's So, Southern III 81
Mt. ST. Mary's So, Sacramento 81
tOTD
NIT
Dayton 10. Wichita II
Temple so, Providence 70 (oTl
Holy Cross ~, Colorado State II
Duquesne 10. Navy So
Dayton "a. Houston ~
Loyoia tIll) rs, Temple 81
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1962-03-23

Among those cheering Mt.
ST. Mary's on TO victory in the
NCAA tournament were two
Diocesan students who attend
the school. They are John and
Steve Conner. both sons Of
Attorney Dick Conner.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1962-03-23
Hard On Ulcers =.
Mt. St. Mary's Won
Thriller For Title

EVANSVILLE, Ind. - II was a mighty tough
road, but Mt. st. Mary's of EmmitSburg, Md. made it -
to the 1862 MEGA college division basketball champ
ionShip.
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1962-03-23
ChiILicOthe Central Catholic

cHILLIcoTHE CENTRAL CATHOLIC enjoyed one of its best sea
sons by posting a 1852 record of 1872 Including tournament games,
the Panhers had an 1874 mark Next year. the Panthers will play under a
new banner - Bishop Flaget High. Pictured left to right, kneelng: Bob
Murray, Mike Hut, Tim Wyman, Bill Mitchell and Bob Fadden. Standing:
Coach John Herrnstein, Chuck Dennis, Ted Purpero, Joe Dreisheiner, Dick
Cooke, Steve Stark, John Wyman and Manager Doug Rtchey. Another eager,
J. Manson, is missing. photo courtesy of ChlIcothe Gazdte)
The Catholic times. [volume] (Columbus, Ohio) 1951-current, 1962-03-23
Star Jumping jack

Judging from the voting for the many All-Ameri
can teams, this seasons top eager among the Catholic
college ranks is Jack cThe Shot Foley of Holy Cross.
The 6-5, 1~80-pound senior has been named to the first
squad of at least one AlLAmerican team and on the
second squad of most others. His closest rival from
the Catholic teams has been Dave DeBuSschere, a
6-5 senior from Detroit University.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17

exists in only 18 States.
Until I read this letter in
RICH, was unaware of this
threat.
1t is unthinkable that this
harmless bird should be so
threatened.
l have observed the mourn
ing dove at close range and
know it possesses a charm Of
disposition and habits that
some of our true song birds
do not, even though its song
is limited to soft cooling calls
and the musical whirring of
its flying wings.
It deserves complete pro-
lection which I trust may be
obtained through the action
of our United States law
making bodies.
I have written to our con-
gresham enlisting his active
support Of the forthcoming
bill which would protect this
bird from the hunter
throughout the country.
May the aid given this hu-
name cause grow and result
in saving this feathered
friend from extinction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
Ozorks Book

Mrs. D. B. M, Chevy Chase
Can anyone help me locate
the correct title and author
of a book about small town
life in the Arkansas OZarks
in the early 1900's? I recall
the title of this book as Bar
rington," and believe it was
published some time in the
1905.
AS I remember, it was SINH
liar in style and pace to ITO
Kill A Mockingbird," and
concerned the life of the COM
munity as seen through the
eyes of a young boy whose
father was one of the mcr-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17

Include basics only in
your glove compartment &.
necessary maps, pencil and
pad. flashlight, first aid kit,
facial tissues and pre-
moistened cleansing tissues
for hands and face.
If you put these hints into
practice, you will find youf
trip far more enjoyable than
if you simply cram every
thing into the car, heller
skelter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17

consider it as a place to live
when he retires from the
Army, in about a year.
Do any of RCH'S well-trav-
eled readers have any first
hand information concerning
living conditions climate, etc.,
of South Island? We are in
our early 40s and have one
child who will be in the 18th
grade when we move. What
are the educational opportu-
mites for an honor student?
All the information I have
been able to CLEAN make New
Zealand sound like Eden. 1t
must have some bad features
could I please have some
objective viewpoints? Thank
you.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
o4.Pe. IMPORTED
CHINA DINNER SET
comparable 48. 80
service for IA 1888

Elegant china for the price you'd normally pay
for eorthenwore. White translucent body strew
with side sprays Of pink roses and shaded foIioge.
New coupe shape. Narrow gold edge line. Set
includes II dinners, II SOUPS, II soodsi II
bread and BUFFERS II cereal, fruits, II tea cups,
II soucers, meat platter, round chop plate,
2 vegetable dishes, sugar, creomer, pickle
dish, sot and pepper shaker.
Konns- China t63-Third Floor Washington;
Street Floor Arlington
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
EXERCISING Machine
N. c., Washington

M. T., HuSftIftgLOH
I am in the market for az
exercising machine and am
confused by the various kinds
on the market.
Some are cheap, some are
very expensive. and I haven't
been able to find anyone who
will give me anything but a
sales talk on the particular
brand they sell. If any of you
readers have had experience
with these machines, I would
certainly like to hear what
you have to say on the SUBJ
ject. Thank you.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
Here's How

Readers Clearing House is Con-
Quoted ENTIRELY THROUGH THE
MAIL os O public service exchange
Of ideos between oreo readers. The
Stor connot oceept phone coils per-
toinine to this column. All letters
must beor the writer's full name and
address. No advertising is printed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17

don't overpack. Keep clothes
and vacation gear down to a
minimum. This cuts down
bothersome unpacking and
searching time.
Put overnight and "on-
the-road" items in a tote bag
which you can reach readily
Include a sponge and a bot
tie of freSh-Smelling cleaner
on hand for car-cleanup
emergencies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
Packing Tips
Mrs. A. r. c., WGshingto

MIC ~ ~
Perhaps some of you read
ers will appreciate these tips
on packing, when you take
your summer vacations. Make
a list of all essential items
for your trip, and as you
pack, check them off the list.
A time-worn, proven tip:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
Unaware of Doves Plight
To Mrs. M. L. r., Gdithersbur0
Mrs. L. D. j., SilUeT Spring

I feel very grateful to you for having alerted
RICH readers and others to the distressing fate of
extinction that awaits that sweet and gentle bird,
the mourning dove, unless pending legislation is
passed to prohibit the hunting of this bird in all
States.
At present, you say protection from hunters
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
READERS CLEARING HOUSE

for approximately two weeks.
I would also like suggestions
for packing which will pre-
vent breakage.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
chants there

Chants there.
My copy was lost several
years ago and I am most anx-
ious to replace it. Thank you
50 much.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
Hardy Cookies

Mrs. H. L. B., Waldorf
I would appreciate some
recipes for cookies that will
Withstand the rigorS of mail
ing and will stay palatable
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-17
New Zealand

Mrs. G. c., Washington
Until recently, New Zea-
land was little more than a
name on the map to me, I'M
til my husband started to
The Sidney herald., 1962-11-28
LOST AND FOUND

FOUND - ChiId's leather coin purse.
May be recovered by Identifying and
paying for this ad. Phone 418M. Mrs.
Gordon Neer. 45-ltc
The Sidney herald., 1962-11-28
NOTICE TO CREDITORS

Estate of Kayte b. Peckham.
Notice Is Hereby Given by the
undersigned Executor of the Es-
tate of Kayte b. Peckham, de-
ceased, to the creditors of and all
persons having claims against the
said deceased. to exhibit them with
the necessary vouchers within four
ca months after the first publica-
ton of this notice. to the said
executor at the office of Brattin,
Habedank and Cumming, Sidney
National Bank Building. Sidney.
Montana, the place for the trans
action of the business of said es-
tate.
Jesse c. Peckham
Executor of the Estate
of Kayte B. Peckham, deceased
Dated November 4. 1862.
BRATTIN, HABEDANK & CUM
MING
Sidney National Bank Building
Sidney, Montana
publish November z, IA. d. and
%. 1927
The Sidney herald., 1962-11-28

FOR SALE - 10 registered Hereford
COWS with or without calves. Some
have IP.R. Certificates. Kenneth
Dore. Girard Rte. 46-2tp
The Sidney herald., 1962-11-28
LEGAL NOTICES

NO1A1L ~ N
ESTATE OF LOUISE f.. CAMP
BELL, DECEASED:
NOTICE Is HEREBY GIVEN
that the undersigned. ALVIN p.
LUND. Administrator, with the
viii Annexed. of the estate of
LOUISE Z. CAMPBELL, deceased,
TO the creditors of, and all persons
having claims against, the said de-
ceased. 10 exhibit them, with the
necessary vouchers. within four
ca months, after the first publica-
ton Of this notice, 10 the under
signed, af the offices of V. G..
Koch, Attorney at Law, Court
House, Box 931, Sidney. Montana.
hereby designated as the place for
the transaction of business in re-
gard to the said estate.
DATED this oath day of october,
AID. 1852.
Alvin p. Lund
v. G.. Koch
Attorney at Law
Courthouse, Box 81
Sidney, Montana
ATTORNEY FOR ADMINISTRA-
TOR, WITH THE WILL ANNEXED
publish November z, IA, p, and
%, 1922
The Sidney herald., 1962-11-28


Estate of John w. Jones, Deceased.
NOTICE Is HEREBY GIVEN, by
the undersigned, Francis l.. Jones,
Administrators of the estate of
John w. Jones, deceased, to the
creditors of and all persons having
claims against the said deceased,
TO exhibit them with the necessary
vouchers within four ca months
after the first publication of this
notice, TO the said Francis l.. Jones
at the law offices of Paul H.
Cresap, 2l2 Central Avenue South,
Sidney, County of Richland. Mon
Dated this 31st day of October.
AID. 1862.
FRANCIS l.. JONES
PAUL H. CRESAP
Attorney for Administrator
Pc. Address: Box 953
Business Address:
212 Central Avenue South
Sidney. Montana
publication dates: November 4,
"a. 81. and %. 1852.
The Sidney herald., 1962-11-28

Estate of Norman w. Brown,
deceased.
NOTICE IS HEREBY GIVEN by
the undersigned Wendell II. Elliot,
Administrator of the estate of Nor
man w. Brown, deceased. to the
creditors oafnd all persons having
claims against the said deceased,
TO exhibit them with the neces-
sary vouchers within four az
months after the first publication
of this notice. TO the said Wendell
III Elliott at the law offices of Paul
III. Cresap, 212 Central Avenue
South, Sidney. County of Richland,
Dated this 31st day of October.
AID. 1862.
WENDELL II ELLIOT
Administrator
PAUL II. CRESAP
Attorney for Administrator
Business Address:
2l2 Central Avenue South
20. Address: Box 953
Sidney, Montana
CPubiication dates: November Z,
IA, 81, %, 1922
The Sidney herald., 1962-11-28

FOR SALE - Davenport and chair,
refrigerator and other articles. Pone
1884 or Swift 1861. 44-tfc
FOR SALE Two spInet pianos just
returned from rental. One dark, one
light. You get credit for all rental
paid. You get original guarantee.
Terms available. We take trades. Call
or write Northwest Piano Co, At
tention Manager. Williston. N. Oak.
41-tfc
The Sidney herald., 1962-11-28

IN THE DISTRICT COURT OF THE
SEVENTH JUDICIAL DISTRICT OF
THE STATE OF MONTANA IN AND
FOR THE COUNTY OF RICHLAND
IN THE MATTER OF THE ESTATE
OF CHARLEY HACKLEY, also known
as CHARLES HACKLEY. Deceased.
Pursuant to an order made in the
above entitled matter on the 18th day
of November, AID. 1862.
NOTICE Is HEREBY GIVEN that a
petition for the probate of the Will of
Charley Hackley aka. Charles Hackley
deceased, and for the issuance of Let
tiers Testamentary to II. T. Hackley
and william Leo Hackley has been
filed in this Court, and that WedneS-
day. the 5th day of December AID,
1862 at te hour of 1000 o'clock AM.
of said day. in the Courtroom of said
Court. in the Courthouse in the City
of Sidney. County of Richland. State
of Montana, as been appointed as the
time and place for hearing said petit
ton. when and where any person in
terested may appear and contest the
same and show cause, If any he has,
why said petition should not be grant,
ed.
Dated this 18th day of November.
AID. 1862.
tCOURT SEAL)
ALMA MURPHY
Clerk of the District Court
MILTON q.
Post Office & Business Address
The New Sidney Drug Store Building
Sidney Montana
Attorney for Petitioners
publication Dates: November IA.
d and %. 1922
IN THE DISTRICT COURT OF THE
SEVENTH JUDICIAL DISTRICT OF
THE STATE OF MONTANA. IN AND
FOR II COUNTY OF HIGHLAND
NOTICE OF TIME SET FOR
PROVING OF WILL AND HEAR
ING APPLICATION FOR LET
TIERS TESTAMENTARY
IN THE MATTER OF THE ESTATE
OF JAKE OBERGFFIL, deceased
NOTICE Is HEREBY GIVEN, that
there has been presented 10 and filed
with this Court, an instrument pur-
ported 70 he the Last Will and Tesla
ment of Jake Obergfell. deceased. and
that a petition has been filed with the
Court for the probate of he same as
the Last VIII and Testament of Jake
Obergfell. deceased. together with a
petition for the issuance of Letters
Testamentary to Dorothy Wilcox, and
that Wednesday. the 18th day OF Dec
ember, 1862. at 1000 AN. at the
Courtroom of said Court in the Court
house at Sidney. Richland County.
Montana. has been set as the time and
place for the proof of said Will and
for the hearing of said petition. at
which time and place any and all
persons interested in said estate. may
appear in opposition thereto and con-
test or file objections TO the same. as
provided bv law.
DATED this 18th day of November,
1862.
Alma Murphy
CLERK OF COURT
COURT SEAL)
BRATTIN. HABEDANK & CUMMING
Sidney National Bank Building
Sidney. Montana
Attorneys for Petitioners.
publish November 81. 20 and Dec
ember 5, 1862
The Sidney herald., 1962-11-28

FOR SALE - 10 registered Hereford
cows with or without calves. Some
have 1P.R Certificates. Kenneth
Dore. Girard Rte. 46-2tp
FOR SALE OR TRADE-H-John Deere
tractor. Wagon with good hay rack.
Ferguson side rake. Can be seen at
farm 2 miles Sc of Fairview. Edgar
Salisbury. Enid. Mont. 45-Ptc
FOR SALE-One small size Westing-
house refrigerator. Good condition.
Call 747-5575 or contact Gordon
Berndt. Fairview. 46-1tc
o SALE-Swiss milk cows. Ray
1hiel. Box 200. Sidney. 46-tfc
FOR SALE-1s4 Ford. 2-door Sedan.
S225!O0 Excellent condition. Call
747-5539. Ire Erickson. 46-2tc
FOR SALE-Like new tan brocade
davenport; drop leaf dining table.
black and white kitchen table and
4 chairs. d" Motorola TV, table
model and stand. black. ]. Harry
Johnson, phone sol. 46-ltc
FOR SALE - Pedigreed female Beag-
lie dog. 3 months old. 3 500. Phone
oSAW or see al 8l2 5th St. Sc 45-2tc
FOR SALE - Farm = mile west of
Dore. N. Oak. Ole S. Olsen. 46-2tp
FOR SALE 2 bedroom home, de-
tached garage on 125xl75 piece Of
land. o fruit trees at Poison Mon
tana. For particulars write Box /,
Columbus, Montana. 46-2tp
FOR SALE - Oats and ear corn. H..
ID. Norgard, Savage. phone SW8-
3548. 46-ltp
FOR SALE - Boys 20 inch bicycle,
Sl5.OO. New and used hunting bows
at low prices. Bows range in weights
from 43 lbs. to 55 lbs. Arrows $500
and up. Henry's Archery, 8O8 4th.
st. Sc, Sidney. Mont. 47-3tc
FOR SALE - One 6xs bolt and parts
bin, 81 bins. Thos. Gibbs, ia 9Th
81. Sc. 46-1tp
FOR SALE - 1 buffet with mirror.
dark walnut sis 500; l reclining chair
beige $500; both in very good con-
dition. Call 686R. 46-1tp
FOR SALE - % head of coming two
year old stock heifers. Some white
face and some Angus. Don Price.
Savage. Phone SW8-34l7. 45-3tc
FOR SALE Good used tires, trac-
tor, truck and car. Too good TO re-
cap. Call Sheriff. Hendeson, phone
263. a5-tfc
FOR SALE - STENso lettering guides
good for the holidays. Were 20 cents
now 10 cents. Sidney Herald. tin
The Sidney herald., 1962-11-28
FOR SALE

QUILLiNGS OPPORTUNITY SHOP -
offers you bargains in fine quality
NEW and USED clothing. Just ar
rived a shipment of new name brand
bras. girdles. slips. nighties and PAL
amaS. Limited sizes. Also IL bass ac-
Gordon. brown barcalounger. orange
occasional chair. Philco TV. like
new (blonde), radio and record
player ~cobination. bed daveno and
bric-a-brac. 500 3rd St. Sc. 5 blocks
east Lalonde Hotel. Mrs. Walter
Quilting. owner. 46-1tc
FOR SALE - Kitchen table and four
chairs. Like new. Call at 14 4th.
Ave. Sc OF phone $50. 45-ltp
NOTICE - Friendly puppy, part Ger
man Shepherd. wants a home for
Christmas. Call 263. 46-2tc
FOR SALE - 6 good 9OOx2O 10 ply
nylon Firestone tires. See Sheriff.
Henderson. phone 263. 46-tfc
FOR SALE - Dining room table and
4 chairs. coffee table and end table.
Mrs. A. It. Oliver, phone 273M. 46-tfc
LOST N FOUND
FOUND - ChiId's leather coin purse.
May be recovered by identifying and
paying for this ad. Phone 418M. Mrs.
Gordon Neer. 45-ltc
WORK WANTED
A"UCTIONEER - For best sales re-
suits. call Ronald Torgerson, phone
1870. Sidney, Mont. 46-tfc
xrnnu xv~-rn
combining call 583-217O. Clifford
Kaufman, Bloomfield, Mont. 45-3tc
WANTED Bicycles, Power Mowers,
and ALL small household appliances
TO repair. +. & w. Repair Shop. 1O7
N. Central. Phone 604J (rear of Sid
ney Bible Book Store). 23-tfc
The Sidney herald., 1962-11-28

FOR SALE - It's really something
this new Seal Gloss finish for vinyl
and linoleum floors. Valley Hadware,
Sidney.
The Sidney herald., 1962-11-28
WANTED

WANTED TO BUY - Two, three or
four hundred yearling or 2-year old
e-ves. State price. Box 543. Sidney.
Montana. 45-2tp
Evening star., 1962-07-09
AmexNames2
In Revamping

NEW YORK, July 9 (AP).-
The reorganizing A eric a n
Stock Exchange announced two
major staff appointments to-
day.
William D. Moran was named
vice president in charge of op-
erationS. H. Vernon Lee, jr., was
appointed secretary and direc-
tor of membership services.
Mr.. Moran, So, is associate
regional administrator of the
New York office of the Securi-
ties and Exchange Commission
He will supervise staff person.
mel administering rules relat-
ing to floor and office opera
ton of the members.
Mr.. Lee, SO, has been a men,
Der of the Exchange staff since
1916. He will be in charge of
admissions matters, including
the testing OF registered repre-
sentatives, and will handle a
new program of membership
services.
Mr.. Moran will join the staff
Sept. 4, when Edwin D. Ether
ington. president-elect, takes
office. Mr.. Lees appointment
is effective Immediately.
The appointments were rec
commended by Mr.. Etherington
and approved by the board of
governors. They were made in
connection with a recently ap-
proved amendment to the con-
stitution which lodges primary
responsibility for operations
and administration in the pres
ident and his staff.
Evening star., 1962-07-09
Care Urged
In Buying
For Defense
BY the Associated Press

The Defense Department
should keep an eye on the
general economy when it places
its multimillion dollar orders,
a Harvard University economist
suggested today.
Prof. James S. Duesenberry
told a joint Senate-House eco
nomic subcommittee, insofar
as the placement Of defense
orders is varied for budgetary
reasons. the actions Of the De-
fenSe Department ought to be
co-ordinated with the general
budgetary policy of the Federal
Government"
While he conceded changes
in policy or in the interna-
tional situation will determine
the timing of some orders, he
contended ''it seems clear that
the defense department ought
to take some cognizance of the
impact of its orders policy on
the economy generally"
Under questioning, however.
Prof. DueSenberry and other
members of an economic panel
indicated they do not believe
defense buying policy played
a very large role in the 1860
recession.
The subcommittee is study
ing what some witnesses have
called the magnifying effect
exerted on the business up and
down cycle by the building up
of inventories during good
times and liquidating them on
the downSwings.
Evening star., 1962-07-09
Suburban S & L
Reports Assets
Gained 50 Pct.

Suburban Savings and Loan
Association increased it's assets
sharply in the year ended
June 30, it has just reported.
Total assets at mid-year were
$6,504,277, and increase of, So
per cent over the figure for
June 80, 1861. At the same
time, savings accounts totaled
S., ,238,110, up 43 per cent from
the year-earlier figure and the
number of investors, 4.455, had
registered a AZ per cent rise.
A 70 per cent increase was
registered in first mortgage
loans over the year bring the
loan total to $5,549,522.
Vincent A. Sweeney, execu-
tive vice president of the firm.
also reported that the AMMAN
dale -headquartered association
opened its first branch at Bal
ley's Crossroads during the
wear.
Evening star., 1962-07-09
YOUR MONEYS WORTH =
lis Time to Pull
On the String

Said Thomas Alan Colds
borough, Democratic Repre-
sentative from Maryland: You
mean you cannot push on a
string?"
Replied Mariner S. Eccles,
governor of the Federal Re-
serve Board: THAT is a good
way to put it, one cannot push
on a string"
This memorable exchange oc-
CURED on March l8, 1885, at
the hearings of the House Com
mittee on Banking and Cur
rency on the Banking Act. I'M
mediately, the expressive SEN
tence, You cannot push on a
string" became part of the
language of economists and fin
anciers who were reaching the
unhappy conclusion that in a
depression no amount of easy
credit and cheapening of in
terest rates could compel them
to borrow money.
This string" tale has re-
mained in the back of my head,
but submerged because condi-
tions in the 1940s and 1950s
were so different from those of
the 1930s.
Once more, though, we are
finding out that You cannot
push on a string" with easy
Evening star., 1962-07-09
By SYLVIA PORTER

money. In a period of sluggish
business, excess plant capacity
and fierce competition, cheap
credit by itself can be Of only
limited effectiveness in buoying
the economy.
Pulling Works
Pull on a piece of string and
you can make it do what you
want it to do.
In terms of monetary (credit)
policy, this means that in a
boom initiation period, the Fed
eral Reserve System can clamp
down on credit, slash the
amount of funds available for
loans and compel a reduction
in borrowing and spending -
thus curbing the boom. The
deral Reserve did this
successfully in 1859, for its
credit clampdown then helped
pave the way for the 1860 re-
ceSSion.
But if you're a businessman
worrying about excess capacity
and future sales, you're not
going to borrow lots of money
to expand and modernize your
plants, no matter how easy and
cheap the loan. If you're the
head of a family needing a
Evening star., 1962-07-09
Virginia Economy
Is Reported STRONGER

Virginia's conomy has
emerged from last years recess
sion stronger than when the
slump started, the State Labor
Department reported.
Each time Virginia has en-
tered into and recovered from
a recession, the general econ
omic growth has been strength
ened," the report said.
The departments analysis
also noted the conversion of
the States economy from a
rural to an industrial basis.
After a February, 1861. low
of 986,700 workers, non-agri-
cultural employment scared to
1,065, 300 in December. The
average employment for the
year was 100000, IL per cent
above the 1850 average.