davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-04-10
Edward Sacks
To Head Bank
OF Bethesda

Directors of the Bank OF
Bethesda today elected William
H. Prescott vice chairman of
the board and named Edward
D. Sacks to succeed him as
president, effective May /.
Mr.. Prescott has been presi-
dent of the Bethesda institution
since 1854. During his term
of office, the bank added three
branches to bring its total
number of locations to six, and
increased its assets from SIS
million to almost $50 million.
Mr.. Sacks, the new president.
is a member of a historically
prominent Montgomery County
banking family. His grand
father, George P. Sacks. was
one of the founders and a past
president of the bank.
His father, George A. Sacks,
now is chairman of the board.
The new president has been as
sociated with the bank since
1858, the last several years as
vice president.
Mr.. Sacks attended st. Al
bans School and was graduated
from Valley Forge Military
Academy, the University of
Maryland and the American
Institute of Banking. He served
as an infantry officer in World
War II and again during the
Korean conflict.
He is director of Metropolitan
Acceptance Corp. and Faris FL
nance Co. and a member of the
advisory board of the Washing
ton Real Estate Investment
Trust.
Evening star., 1962-04-10
Murchisons Hold Reins
InNew Allegheny Feud

port to the Murchison man.
.agement at Alleghany's annual
meeting.
John d. Murchison, corpora
ton president, shrugged off
Mr.. Kirby's attitude as mon
constructive" He said he hoped
it would change.
Allegheny controls the SIS
billion New York Central Rail-
road and Investors Diversified
Services, 81 billion Minneapo-
s-based Investment company
complex. IL has other impor-
tant railroad, real estate and
insurance company holdings.
Without Mr.. Kirby's support,
the Murchison slate Of incum-
bent directors was returned for
another term by a comfortable
margin. DR.. r. Walter Graham
Of Baltimore was added to the
board. Mr.. Kirby, a power in
Allegheny for "a years before
being toppled last May, sat out
the shareholders meeting at
his MorriStown IN. j. office
He was represented by Charles
T. Ireland, jr., former Ale
ghany president, who issued
his statement.
Evening star., 1962-04-10
Greensboro
Bank 10 Hear
Hodges

Secretary of Commerce Lu-
ther H. Hodges will be among
the speakers at the 29th an
nual stockholders meeting of
the Federal Home Loan Bank
of Greensboro to be held in
Atlanta on Friday and Satur-
day. May AS. The meeting, to
be held at the Biltmore Hotel,
is expected to attract some 800
savings and loan officials from
throughout the Southeast.
Secretary Hodges, former
Governor Of North Carolina,
will speak at the opening busi-
ness session of the meeting.
Preceding him on the May 4
program will be Atlanta Mayor
Ivan Allen. jr., who will Of
ficially welcome the group. and
John A. Fogarty, president Of
the Greensboro Home Loan
Bank, who will make his an
nual report to the stock
holders.
Joseph j. Williams, jr., men,
ber of the Federal Home Loan
Bank Board, will be the final
speaker at the opening session.
Featured speaker at the Sat-
urday business session will be
Arthur Larson, director of the
World Rule of Law Center of
the Duke University School of
Law. On the program with
him will be Harry S. Schwartz,
director of the office of Re-
search and Home Finance of
the Federal Home Loan Bank
Board, and Bruce Bryan, ex-
ecutive secretary Of the Dis
trict of Columbia Savings and
Loan League.
John w. Thompson, jr.,
chairman of the board of di-
rectorS of the Greensboro Home
Loan Bank and associate edi-
tor of The Washington Evening
Star. will preside at the two
day session.
AS the credit reserve bank
for savings and loan aSSocia-
tions in the Southeast, the
Evening star., 1962-04-10

BALTIMORE, April 10 (AP)
"A financial feud pitting
against one another two Of the
Nations major fortunes smol-
dered anew today.
The revived frictions famed
speculation of another struggle
for control Of Allegheny Corp,
which oversees a 81 billion rail-
road and investment company
empire.
In a bitter proxy fight, the
MurchiSon brothers of Dallas,
Tex, seized the Allegheny
reinS II months ago from Allan
P. Kirby. conservative Eastern
financier.
They won election last year
on a platform of promises
which they have not fulfilled
and criticism If an investment
policy which they have not
changed" Mr.. Kirby said yes
terday.
They did this against a
background of scandalous ale
cations which remain COM
pletely unsubstantiated."
Mr.. Kirby, who retains
nearly one-third of the corpo-
ration'S common stock-a block
worth about $35 million, issued
his blast after denying his sup
Evening star., 1962-04-10
Eurnines

Trans-WOrId Airways in year
ended December 81 had a loss
of $14,745,184 VS.. earnings of
$6,473. .466 or 81 cents in 1860
National TeIefilm Association
in year ended September 80
had a loss of $7,909, ,299.
Corning Glass Works in IL
weeks ended March IS. earned
Sc, ,768, ,903 or SO cents a share
VS.. $4.847,05 or II cents in
1861 period.
Strawbridge G. ClOthier in
year ended February 3 earned
81, ,228, ,462 or $2.35 a share VS..
$1,926.331 or $1.96 in 1861.
A. C. Nielsen Co. in 6 months
ended February % earned
81, ,358,902 or 10 cents a share
VS.. $1,211.588 or II cents in
1861 period.
Amerace Corp. in IL weeks
ended March % earned $947,-
518 or 40 cents a share VS.
$893,104 or A cents in 1861
period.
Silk, Baer G. Fuller in year
ended February 8 earned 1884,
800 or $1.25 a share VS.. $685.
563 or $2.33 in 1861.
Other earnings included:
Evening star., 1962-04-10
Utilities Conference
10 Draw 500 in Area

More than 500 persons will
attend the annual business
conference of the Maryland
District of Columbia Utilities
Association Friday at the Lord
Baltimore Hotel in Baltimore.
Speakers include Milton I.
Allen, vice president sales,
Philadelphia Electric Co.; Da-
vid F. Bramhall, assistant pro-
fession of geography, Johns
Hopkins University. and Sam
uel Mckay. jr., safety director,
Bell Telephone Co. of Penn
sylvania.
Evening star., 1962-04-10

Julian P. Green, chief of the
permit branch.
Permits for new offices ag-
gregated $5,740.000 in contrast
70 only S460.000 in the same
1861 period. Apartment permits
rose to $4,874, 500 from $2,525,-
300 a year earlier.
Projects of the District Gov
ernment accounted for $7.745,-
300 of the three months total
compared with S14,089,650 in
The same period last year.
Permits for new dwellings
iotaled S1,194.000, off slightly
from S1.218,00O in the same
1861 period.
The March permit total OF
S6,856. .295 was just about even
with $6.882,413 in March last
year. 1t included $4,000 OF
bffice buildings, compared with
S285, 900 a year ago; also 81
S25.000 of apartments VS.. 81
million. The apartment total
was represented mainly by one
SIS million permit for an
apartment hotel, with the bal
ance of S125,0OO listed only as
apartments.
March dwelling permits for
N70S500 were well ahead of
$4,000 in March last year.
orsthe District Government
only S60,1o0 was listed in
March, compared with $I.489,- :
700 in March, 1861.
Evening star., 1962-04-10
Jefferson Federal
Raises Dividend

Directors of jefferson Fed
eral Savings and Loan Assoc
iation have decided to increase
its dividend rate to 44 per
cent. per annum from 4 per
cent paid previously, Board
Chairman Fred A. Smith an
nounced today.
Action was taken at a board
meeting late yesterday and was
in line with higher dividend
rates previously adopted by
many other area savings and
loan institutions. The new rate
will be retroactive to April /.
Chairman Smith reported
continued growth Of the as
sociation in the first quarter.
Assets totaled SAL ,491,497 on
April /, compared with $37,731,- =
883 on the same date last year.
Evening star., 1962-04-10

Midwest Stock Exchange, third
largest in the Nation.
Robert C. Jones, jr., execu-
tive partner, said today a di-
rect private wire to the floor
of the exchange was being
leased. The brokerage house is
the first Washington = based
firm of its kind with member
ship in the Chicago trading
center. he noted.
Jones, Kreeger was eStab-
lished here in 1880 and is head
quartered in the Cafritz Build
ing. 1t also is a member of the
New York, American and
Washington stock exchanges,
Evening star., 1962-04-10
BUSINESS
BRIEFS

Business Failures in the week
ended April S totaled 356 COM
pared with $50 in the previous
week and 343 in the like week a
year ago.-Dun & Bradstreet.
Steel Production in the week
ended April z totaled 1850. 900
tons, down 2.3 per cent; for
the year to date 33,363 900 tons,
up SAL per cent from last year.
Iron & Steel Inst.
Evening star., 1962-04-10
Firm Gets Contract
On Testing Devices

Electro Nuclear Syste m S
Corp. of Bethesda has been
awarded a contract totalling
nearly $250,00O for devices to
test hearing of Navy per-
Sonnel.
The company previously in
stalled seven of the automatic
audiometers for the Navy, in
Guiding two aboard carrier
ships. One of the systems in
the new contract will be in
stalled on the super carrier
Constellation.
Evening star., 1962-04-10
Yield on el-Doy Bills
Turns Down Slightly
BY the Associated Press

The Governments short-term
borrowing costs fell with today's
weekly offering Of Treasury
bills.
On $1.2 billion Of 91-day bills
the average yield was 2.720 per
cent. The rate a week ago was
2.727 per cent.
Bids for the $500 million of
182-day bills gave an average
yield Of 2.814 per cent.
Evening star., 1962-04-10
Construction Rises

NEW YORK, April 10 (AP)
The dollar value of heavy
construction contracts signed
in the first three months was
the highest since 1856, Engi-
neering News-Record said to-
day. The publication placed the
value of contracts at $5,459,-
900, 900, IL per cent higher than
a year earlier.
Evening star., 1962-04-10

Federal Home Loan Bank of
Greensboro has the largest
membership of any of the Ma
tion's IL home loan banks.
Among its 664-member saw
ingS and loan associations are
"a in the District of Columbia.
In addition to Mr.. Thomp-
son. William H. Dyer, executive
vice president of the Perpetual
Building Association, is a mem
ber of the 12-man board of di-
rectors of the Greensboro bank.
Evening star., 1962-04-10
OVER COUNTER

Following prices furnished by the Ma
denal Association Of Securities Dealers
in Washington represent the range within
which locally active securities could have
been bought or sold at ! pm. Tuesday,
AnriI In 1910.
Evening star., 1962-04-10
Offices ond Apartments
Lift Building II Pct.
Above 1861 in D. G.
THE EVENING STAR
By DONALD B. HADLEY
Star Financial Editor

Upurns in office construction apartments
than offset lag District Government projects
firstquarter building permits in the National Capital
S32950 552 gain of IL cent from $29
This disclosed today by the monthly report from
Evening star., 1962-04-10

In the eteen-ager's room,
the lovely Princess extern
sion phone adds charm as
well as convenience. Com
pact. The dial lights up
when you lift the receiver.
Choose pink, white, beige,
blue or turquoise.
Evening star., 1962-04-10
Jones, Kreeger & Co.
iMember of Midwest

Jones. Kreeger & Co. has
acquired membership in the
Evening star., 1962-04-10

In the bedroom, an ex-
tension saves steps, gives
you security and privacy.
This handsome extension
neatly hugs table, desk or
counter. Pick your exten.
sion in white, beige, green,
pink or blue.
Evening star., 1962-04-10

Bell Chime adds a tune.
full note to any telephone
in your home. Calls you to
the phone with a melodic
chime, a crisp bell or the
familiar ring. Surprisingly
low cost. Comes in ivory
or gold.
Evening star., 1962-04-10
MUTUAL FUNDS

NEW YORK CAP)
= National AssOcia-
tion Securities Deal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-16
SoIutory Review

In letter on this page, Schuyler
Lowe, the Director of General Admin
istration for the District Government,
asserts that the several criticisms of
city tax enforcement and collection
programs by the General Accounting
Office constitute for the most part
"refinements," which in his judgment
do not warrant the emphasis given
them in the news columns of The Star
= The fact, however, is that Chair
man Byrd of the Senate District APP
PREPARATIONS Subcommittee apparently
has deemed the GAO findings of suf-
fictent importance to review the Dis
triet revenue program in some depth,
including requests for further explana-
tions of the alleged deficiencies. We
think he is right in doing so, and that
the effects Of this review will be salu-
tary. 1t is true that the specific case
referred to by Mr.. Lowe involved rela-
lively small amount of money. The
responsibility of the GAO, however, is
tQsquestion all administrative practices
which it considers may be wasteful or
inefficient. The responsibility of Con-
gfess is to determine whether these
criticisms are justified.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-16
His 'ReveIs' Continue

In his poem, Ben Jonson Enter
tains A Man from Stratford," Edward
Arlington Robinson puts into Shake
speare's mouth the wistful words:
It's an tnchmeal toorld,
In Uhich insects and emperorS 90
Singularly back to the same dust,
. And the same old stars sting the
same old stGUes tomorrow.
These are sad and lovely words They
are perhaps even descriptive of Shake
speare's mood after his retirement to
Stratford. Happily, however, they are
not true. Shakespeare did not return to
dust. In the summer of 1862 he is being
played and loved on scale inconceiv-
able when he wrote, epitaphically in
1.-THE Tempest" that "Our revels now are
ended"
The three Stratfords, England's,
Connecticut's, and Ontario's, represent
the most glamorous Shakespearean CEN
tiers but only minute fraction of those
playing him. What emperorS name
enters the thoughts of those delighted
by the immortal Bard in Washington,
New York, Antioch, Ohio, Ashland, Ore
gon, or San Diego, to mention a few of
the many places where Shakespeare
lives today?
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-16

vote-getter, might carry his grudges to
the point of boiling the party.
As for Mr. Ribicoff, his tenure as
cabinet officer contained perhaps more
than average frustrations-as reflected
in farewell interview here last week
Recalling that as a member of the
House he had voted against creation of
a department of such varied RESPONSE
bilities, he said that 10 months as its
chief had confirmed his view that it is
so diverse and diffuse as to defy sue
ceSSful management. One of his major
miSfortuneS, not by any means all
his own fault, was to be caught in the
squeeze of the administrations unsuc-
ceSSful fight for legislation on education
and medical care.
Things may be better back in Con-
necticut. After three terms in the House,
Mr. Ribicoff won a first term as Cover
nor in 1854. In 1858, he repeated by the
largest plurality in Connecticut history
and carried an entire Democratic ticket
with him-including all six House seats
and majority in the State Legislature
for the first time since 1876. 1t was
showing which Mr. Bailey no doubt had
in mind in shaping his home-state
strategy for this coming fall.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-16
Mr.. Ribicoffs Round

= Abraham Ribicoff's bid for "a vote
along with voice. is looking better
today after surviving some angry in
fighting to win Senate nomination at
the Connecticut Democratic State con-
vention last Saturday. So, too, is the
prestige of National Chairman John NJ
Bailey, longtime Connecticut Democratic
leader, who had large share in per-
suading Mr.. Ribicoff to leave his post
as Secretary of Health, Education and
Welfare in favor of return to cam
paigning politics.
!. Even so, the weekend victory may
still carry a high price tag in terms of
intra- party bitterness. To get the nomi-
nation, the Ribicoff Bailey forces had
to use some strong arm tactics against
supporters of congressman t-large
Frank Kowalski, and when the firing
was over the latter was still withholding
Endorsement or promise of help. On the
final count of 786 to 1853 Mr.. Kowalski
had failed, however, to win the necessary
20 per cent of the convention votes to
force second test in party primary.
He had also refused to accept renomina-
ton for his present House seat, unless
by reclamation, and another candidate
of Polish extraction, Bernard Grabowski,
was named In his place. There was
speculation that Mr.. Kowalski, a good
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-16
Welcome to HEW

SAG The reasons which prompted Presi-
dent Kennedy to reach down into the
grab bag and come up with Cleveland's
Mayor Celebrezze as his new cabinet
member are far from clear.
-. On the face of things, there is
nothing which especially recommends
Mr.. Celebrezze for the exacting duties
which will be his as Secretary of the
Department of Health, Education and
Welfare. He has been a Singularly sue
ceSsful politician in Cleveland, where he
IS serving an unprecedented fifth term
as Mayor. But the man whom he will
succeed, Mr.. Ribicoff, was something of
g., sensation in Connecticut politics.
Yet it can hardly be said that he set
the world on fire in his HEW post.
Our newspaper colleagues in Cleve-
land who have known Mr.. Celebrezze
for years speak well Of him. They say
he. has run a good city," that he is
neither demagogue nor blind Demo-
cratic organization man, and that he
tends toward the careful and thoughtful,
as. distinguished from the spectacular,
approach to municipal problems Their
criticism, If 1t may fairly be called that,
is that he is not notably aggressive.
If these are in fact his principal
characteristics and techniques, one may
have some doubt as to how well they will
serve him at HEW-a cabinet spot which
Mr. Ribicoff, now bidding for a more
tranquil life in the Senate, has called
"a department of dirty water, of dirty
air, and Of dirty looks" In a parting
comment, Mr.. Ribicoff added: II feel
sorry for the so-and-so who is going to
take my place" a---....
- 1t seems to us that a more graceful
reception should be accorded Mr.. Cele-
breeze. We welcome him to Washington
and we do not feel sorry for him. If he
is abandoning the relatively secure pre-
cincts of Cleveland to plunge into the
political jungle in the Nations Capital,
1t must be because he really wants to
find out what kind of wild beasts roam
the shores of the Potomac.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-16
Poll on Issues

I am aware of a much &C
tive interest among our
friends and acquaintance in
local and national politics.
We have found that people
are doing more thinking
along these lines than they
have done for some time.
However, it still is a mighty
effort for the majority of
them to write even one line
to their senator, congress-
man. councilman or board of
education. Due to the fact
that these are the people who
make the decisions by which
we live, it is my feeling that
every taxpayer is obliged to
help them make these de-
cisions.
If each law or policymaker
was aware of how the bulk
of his constituents felt about
about an issue much time
spent in debate could be
avoided. We would have de-
ciSive action in half the time
and half the cost.
1t would, therefore, be of
great value to the country
and its future if nationwide
newspapers were to start
some sort of campaign to
make the voters wishes
known where it means most.
A simple coupon stating
the issues, a space to be
checked yes" or mo-" space
for remarks and the name and
the address of the sender
would make simplified and
effective polling on these
things that mean so much to
all of us. Ruth v. Priest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-16

gions, many Municipalities,
and all races. On the base
of the mast of the Maine
we can read both Oriental
and Occidental names Of the
dead. In the honest his
tories Of the Santiago cam
paign we can read that the
United States troops were a
cross-section Of Americans,
led by ex-Confederate and
Union officers. White, Negro,
Indian, and other servicemen
under one flag endured equal
hardship, sh AIRED uniform
danger, faced color blind
death, and earned common
glory.
r. CASTELAR, SimOnsOn,
(Son of veteran of Spanish
American War;.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-16

have known of these serious,
illegal acts.
This is not merely Mr.. Her
ling's view. 1t is also Judge
Ganey's. He remarked that
though the Department of
Justice has acknowledged
that they were unable to un-
cover probative evidence
which could secure a convic-
ton beyond a reasonable
doubt of those in the high
est echelons Of the corpora
lions here involved, in a
broader sense they bear a
grave responsibility for the
present situation for one
would be most naive indeed
to believe that these viola
tions of the law. so long per-
sisted in, affecting so large
a segment Of the industry and
finally, involving so many
millions upon millions Of
dollars, were facts unknown
to those responsible for the
conduct Of the corporation. :"
THERE is YET another
issue. Senator Kefauver said,
big corporations getting to-
gether and fixing prices is
capitalistic socialism, which
the American people would
never put up with. They
would turn, rather, to the
other kind Of socialism, and
we do not want that to hap
pen." The companies made
a mockery Of free enterprise
as it is commonly under
stood, and in so doing Of
Tended all but a tiny minor
ity of Americans.
And the men involved at
the operational level by and
large considered themselves
guiltless tools who in any
case owed loyalty to their
companies first and to society
last. How many Of them
understood some simple, yet
profound, words Of Senator
Carroll: mo man can stand
silently by and unjustly en-
rich himself in a conspiracy
and say he is not part of
it."
Mr.. Herring is not fond Of
the companies. He may pos
sibly be accused of lack of
objectivity. But the guilty
and nolo pleas are objective
and one has a right to be
angry with serious violations
of the law.
If this engrossing and well
written book has a major
flaw, 1t is probably the au-
thor's refusal to take serious
ly the suggestions, raised in
a very crude form at a GE
stockholders meeting about
which Mr.. Herring reports,
that the present antitrust
statutes may not be entirely
suited to the present stage of
the economy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-07-16
FIobby Youth

Your editorial of July 10.
calling for increased empha-
sis on physical training in
the Nations schools, seemed
to miss the point. Unlike sub
ject-matter disciplines, such
as arithmetic or spelling
physical fitness cannot be
taught-it must be developed
more or less as an outgrowth
OF continued exercise, good
nutrition, personal hygiene,
and particularly a desire to
be physically fit. Most educa-
tors with whom I have dis
cussed this problem believe
that a few minutes of half
h earted calisthenics, 100
school days during the year,
can have little long-term eff
fectiveness in promoting
stamina unless accompanied
by a genuine desire on the
youngsters part to supple
ment this after school and to
maintain their condition into
adulthood.
We Americans may have to
face the unpleasant possibil-
lty that kids who ride to
school, brush their teeth with
electric toothbrushes, and
spend their leisure twiddling
televiSion knobs can never
become physically fit. To as
sumo that fitness can be
painlessly imposed like safe
driving or marriage prepara-
ton courses is to risk further
watering down of our already
attenuated public school cur
ricula on the fallacious prem
Use that just because there is
something wrong in some
phase of our society, we had
better draw up a course deal
ing with the problem.
In our respect for educa-
ton let us not forget that
there are some things the
schools cannot do for our
children; or that-horror of
horrors - there are some
things they may have to do
for themselves.
r. M. Gregg.