davidaulloa/AmericanStories huggingface dataset:
Navajo times., 1962-05-23

a few minutes later. | told them
who the visitor was. and asked if
Mr.. Shishkin could take their
picture. They we're very gracious,
and said they had no objection. In
fact, Ma rie drove the tractor
around in circles SO the visitor
could use his movie camera. When
we finally left. Mrs. Mike aston
ished the visitor bythanking us for
coming by to chat with them.
IL don't know what kind of an
impression MIR. Shishkin may have
had of the Navajo people before he
came to look at the Reservation.
Bob Young told the Times. "but
the Joe Mikes and Marie Ann, as
well as the Crystal school children,
must have left very deep impress
sion on him after his visit. They
could not have been more gracious,
plea SAINT and friendly. think these
qualities which are found so COM
monty among the Navajo people
throughout the Reservation arc a
great tribute to them and to the
Tribe, and | want TO take this
opportunity to thank the Mikes
publicly for being SO kind TO the
foreign visitor | was escorting.
Marie Ann asked me to take her
picture specially for the Navajo
Times. | did SO and S soon as |
can print it | will give it to the
paper for publication. She was on
her Easter vacation at the time
There is a great deal of interest
in Indians on the part of people
living in foreign countries, and
many of them come to see the Ma
Vajo Reservation each year. 1t is
very good when such visitors are
we'll received, because the i'm
preston they get is the one they
take back home after their visit,
and many OF their country menWill
think of the American Indian inthe
way such visitors describe them.
Many visitors expect TO find Indians
lacking in humor or friendliness,
never laughing or happy. Some
expect Indians to answer every
question with some sort of an
"ugh" In other words, they are
likely 10 expect Indians to be just
the opposite from the eHuberant
school children at Crystal, or the
friendly Joe Mike family on up the
road.
Navajo times., 1962-05-23
Monsanto High on Oil and Gas Bids

highest bid per acre was on tract
number 4. at SOB 81 per acre
and the average per acre bid was
1888. Five bids we're received
An. interesting fact on these
particular tracts is that they we're
previously offered and all four
sections received a total bid of
$40, 166 SO, while this bid opening
yielded $72, ,514. "a for about one
quarter OF the area bid on in the
earlier offer.
The leases are offered TO the
highest bonus bidder, contingent
upon acceptance by the Tribe, in
addition to royalty and other ar
rangementS as advertised.
Navajo times., 1962-05-23
Russian News Agency
Chief Visits Navajo

On April 20, MIR. Gennadi A.
Shishkin, Bureau Chief, Tass News
Agency. visited the Navajo Reser-
vatiOn. Tass is the official news
gathering service for Soviet Russia
and the agency maintains offices
throughout the world. Mr.. Shishkin
heads up the New York office.
This visit to the Navajo Reser-
vation, and to other points of in
terest on his itinerary, was ar
ranged by the Governmental Affairs
Institute, and the United States
Department of State, Bureau of
Educ and Cultural Affairs.
Mr.. Shishkin was one of fifteen
foreign correspondents stationed
in the United States who were given
this opportunity TO learn at first
hand bout things that we're of
special interest to them. The Rus
sian representative was interested
in the Navajo, among other things.
Bob Young. Tribal Operations
Officer in the Gallup Area Office
brought MIR. hishkin to Window
Rock. From there they went to
Navajo where they toured the new
Navajo SaWmill, and then up to
Crystal where they visited the
school. AS always. the school
children were delighted to have
visitors and happy to have their
pictures taken by the Russian Wis
itor. From Crystal they went on
north toward Wheatfield Lake, and
on the way Mr. Shishkin asked if it
might be possible to take picture
of some Navajos somewhere aside
from the school children.
About this time we came to Joe
Mikes place north of Crystal"
Bob said, ''and we could see two
people working with a tractor and
dragline at the far end of field.
said There are some people
working in the field over there.
Maybe they will let you take a
picture OF them. MIR. Shishkin
expressed his doubt that they
NaVajos, but assured him that
no one but Navajos would be farm
ing there on the RcserVa ton.
"We drove alongside the fence
until We we're near where the
tractor was working and walked
over to it. It turned out to be Joe
Mike and his young daughter Marie
Ann YazZie. Her mother came up
Navajo times., 1962-05-23
BACCALAUREATE SERVICES
FOR GRADUATES

The Baccalaureate services for
graduates will be held IN Ha-
worth Hall auditorium Sunday,
May 20, at 7:45 pm.
The program will open with
the Chilocco band, under the
direction of Mr. Larry Johnson,
playing the professional, "Pomp
and Circumstances" Rev. J. w.
Washington, director of religious
activities at Chilocco, will give
Navajo times., 1962-05-23

The Baccalaureate message will
be delivered by Rev. Edward G.
Yeoman, Of the First Presbyter-
ian Church. NeWkirk. Rev. Yeo-
man will also pronounce the
benediction. The services will be
concluded with the recessional
which viii be played by the band.
Navajo times., 1962-05-23

the invocation. Then, the Chi
locco choir, directed and accom-
panied by Mrs. Leona Warren,
will sing "The Green Cathedral"
by Carl Hahn
Evening star., 1962-05-15
St0te Underwriters
Elect SNYDER Chief

Wilson T. Snyder, manager
for Peoples Life Insurance Co..
has been elected president Of
the Suburban Maryland Life
Underwriters Association.
Joseph p. Creamer, manager
of the Creamer Insurance
Agency. has been named first
vice president and Julius Auer-
bach, manager for First Colony
Life Insurance Co., has been
elected second vice president.
Hubert r. Hamserski, Ameri-
can National Insurance Co., is
secretary treasurer. and Harry
C. Robertson. jr., general agent
for American National, is COR
responding secretary.
Directors include: Leonard
w. Smith, Edward D. Trollinger,
Richard s. Walter, Elwood
Mills and Richard D. Stimson,
jr. John 8. Crockett is national
Evening star., 1962-05-15
SGburbio Sovings
Joins EHLB system

Suburbia Savings 81 Loan
Association of 5428 westward
avenue NV. has been accepted
as q member Of the Federal
Home Loan Bank System and
Its invested savings now are
insured by the Federal Savings
and Loan Insurance Corp.
President Samuel E. Bogley
said directors were proud to
announce the membership and
insurance coverage in the light
OF the recent turmoil over un-
insured associations in subur-
ban Maryland. Suburbia Saw
ings was chartered in october,
1859.
Evening star., 1962-05-15

banks have avoided mortgages
even when demand from other
sectors was not so pressing,
Mr.. McMuray declared.
"Once having established an
in-and-out pattern in the mort
gage market, it has been rather
difficult for them to generate
any Sizeable volume since build
ers and other mortgage origin
ators regarded the banks as
an unstable Supplier," he
added.
More Importantly, the Ma
tional Banking Act sets up spe-
cific standards for mortgages
in terms Of down payments and
maturitieS. To the best Of my
knowledge many banks have
much stricter requirements inn
posing more stringent limita-
tions than the law. The posi-
ton adopted by the banks
forces them to deal with a
narrow segment of the market.
The effect on the mortgage
market is undesirable"
Evening star., 1962-05-15
National Realty
Declares Dividend

National Realty Trust. Wash
ington real estate investment
trust, announced today pay
ment of a 2 per cent stock
dividend equivalent to 20 cents
er share to stockholders of
record on February 2S.
This dividend is in addition
to the 5 5JcentS per share cash
dividend paid to shareholders
Of record at the close of the
first quarter.
The company owns apart
ment projects in Miami, Fla. +;
Salisbury, Md; Richland,
Wash. and Midland, Mich, in
addition to q portfolio Of trust
notes in the Washington Metro
politan Area.
Evening star., 1962-05-15

part Of the assistance to date
because they have done their
homework organized the local
development groups required by
the law, prepared the necessary
Overall E Economic Develop
ment Program" (OEDP); DEM
onstrated initiative. The ARA
assistance breaks down into
five key classifications. Speci-
fically:
Cd Occupational retraining
OF workers in new skfIls. Over
40 per cent Of the l,lOO New
England workers already being
trained are getting skiIls as
machine tool operators.
CD Industrial and CONNER
cial loans out Of a revolving
fund Of 5000 million at 4 per
cent. The New England regions
have received one-third of all
ARA loans made so far.
Development Loans
CD Loans and grants for
public facilities sewers, roads,
parks. These are primarily for
less developed regions tn an
New England.
f4) Technical assistance. An
example is the 100000 granted
to the New Bedford Institute
OF Technology Research Foun-
dation for a study Of ways to
improve the scaIlop and floun-
der industry, a big occupation
in New Bedford.
Evening star., 1962-05-15
Hill & Sanders
Picks Sanders
As President

Directors Of Hill & Sanders
Washington automotive firm
today announced the election
Of ]. M. Sanders as president
and elevation Of william G.
Hill. ST., to board chairman.
Mr.. Hill has headed the or
ganization since it was formed
in July, 1916, and Mr.. Sanders.
formerly senior vice president,
will celebrate his 45th year
with the company this month.
Mr.. Sanders also will continue
as treasurer.
Vice presidents Of the COM
pany include: William G. Hill.
jr.; Charles G. Hurd, Robert
H. Hill and Stewart Taylor.
Hill & Sanders, Inc, operates
the washington areas Oldest
Ford leadership in Wheaton.
Md, through its subsidiary,
Hill & Sanders Wheaton. Inc.
and also the Vermont Avenue
Garage, a large downtown
parking garage at lila YER
mont ave. NV, which is man
aged for them by Altman's
Parking Service. SO,
The company serves as agents
and brokers for the Universal
Underwriters doing a volume
insurance business In the auto
motive field.
Evening star., 1962-05-15
Cassidy New Head
OF Insurance AGENTS

Gerald K. Cassidy. vice pres
ident and treasurer Of Elicit q
Short, Inc, has been elected
president Of the District Asso-
citation Of Insurance Agents,
fire and casualty group.
Robert v. Oxenham, vice
president of Victor o. Schin-
nerer & Co., is first vice presi-
dent and Charles A. Short,
president of the c. A. Short
Agency, Is second vice prea-
dent.
Walter Schilling, president Of
Henry C. Young, Inc, Is Sec
retary and Lowell E. Seim, as
sistant vice president Of Howard
g. Hoffman. Inc, is treasurer.
Joseph L. B. Murray is state ma
tional director.
Evening star., 1962-05-15
Baltimore Bank
Plans Laurel Merder

Another Baltimore banking
institution announced plans
yesterday to acquire offices in
WaShington's growing suburbs
by merging with a suburban
bank.
The directors Of the Equi-
table Trust Co. Of Baltimore
announced a merger with the
State Bank Of Laurel, subject
to stockholders approval.
Last month First National
Bank Of Baltimore decided to
merge with Farmers Banking
and Trust Co. Of Rockville
And two weeks ago, Maryland
National Bank, the largest ir
Ithe State, said it would unite
with the Montgomery County
National Bank in Rockville.
Equitable has 81 offices In
Baltimore and its environs
and reported resources of
t239, ,210.269 as of December 81.
The Laurel bank has two
branch offices also in Laurel
and resources Of $l0,2T7,368.
Evening star., 1962-05-15
YOUR
MONEYS WORTH
Depressed Areas Law III Action
W SYLVIA PokTER

In Lowell. Mass, a New Eng
land area in which unemploy-
ment has for years been 50 to
100 per cent above the national
average, q new electronics firm
recently was formed. 1t viii di-
rectly employ lilo workers, in
directly provide jobs for almost
as many more in services and
supplying. The firm was start
ed with $50. 900, of which two
thirds came from a Government
loan. 20 per cent from q local
bank, the balance from an in
dustrial foundation.
In Biddeford Sanford, Me-,
another long depressed New
England area, a lumber proc
essing operation also was re-
Gently set up in a former tex
tile machinery plant. A Gov
ernment loan provided $433, 900
to help finance the purchase Of
plant and machinery for "fin-
ger joining"-a process which
converts low-grade lumber into
clear lumber. The balance
came from banks and q de-
velopment corporation. TIL e
new plant viii directly employ
ITO workers, indirectly create
jobs for 750 more.
Loans Increasing
In New England alone, there
are is regions Of persistent
and substantial unemployment
which have been designated as
eligible for help under the de-
pressed areas law (The Federal
Area Redevelopment Act, or
ARA, passed one year ago this
month.
In this period, 81 million in
ARA loans has gone to New
England industries, 500, 900
has been granted for research,
1,10O unemployed workers are
getting retraining under the
law. This is concrete action, y
says the Federal Reserve Bank
of Boston in q review Of the
program and the conservative
bank concludes:
"One important result Of the
ARA program is the increased
activity and concern the local
and state leaders in New Eng
land have shown since these
new redevelopment weapons
have become available. If the
New England redevelopment
communities continue their ac-
tivities both within and beyond
the framework Of the Area Re-
development Act, it is quite
likely that many of these de-
pressed areas will find that
they have lost this label that
they have held so long,"
The ARA has been slow in
getting rolling Understandable
since it is so new a weapon
but it is speeding up now. BY
June 80, ARA Administrator
william L. Bait. jr., expects Il
have approved $50 million fol
100 or more projects, enough
to create $4,000 jobs. The total
authorization for loans an 4
grants under the act Is $37s
million over a four-year period
] The New England depressed
areas have received q major
Evening star., 1962-05-15

t5) Urban planning and re.
newal benefits. Grants for this
planning totaling s21e. 900 have
been made to 1S New England
municipalities.
This 1851 law represents one
milestone on the way to solving
the problem Of long-term job
lessness. the 1862 Manpower
Retaining Act represents q sec
ond. Now We must really get
to the basic answer to the prob
lem accelerating our eonomic
growth so the millions Of jobs
needed are created.
Distributed. 1852, by the Hall
Syndicate. Inc. An Rights Reservedl
Evening star., 1962-05-15

$12.499,113 or $2.32 in 1861
period.
Am. g. Frgn. Power Co. in
year ended December 81 earned
$9,155.776 or $1.25 a share VS..
$8,865. .632 or $l.21 in 1860.
Montgomery Ward & Co. in
3 months ended May 2 earned
$2,116,000 or IA cents a share
VS.. $1,759.000 or II cents in
1861 period.
Dubois Chemical in year
ended February 2 earned S2,-
5000 or $1.06 a share VS..
$2.899. 900 or $1.03 in 1861.
Best q Co. in 8 months ended
April 80 earned $379, ,725 or "a
cents a share VS.. $421, ,046 or II
cents in 1861 period.
Other earnings included:
Evening star., 1962-05-15
CHICAGO
LIVESTOCK

CHICAGO. May is tAP).- (UsDA).
Hogs 5000; active. butchers stFone
70 mostly 2b higher, instances so
shlppinE demand: I-s Is0.2S5 Is.
butchers 18.60-17.OO; around 90 head
at ~ 90; mixed 1.2 1's0-24O lbs. l6. .0O-
1880. 23o-200 lbs: 15.50-16.OO; ga
Around $50 lbs. 1880; mixed ia
37S-6S0 u. sows 12.60-14.O0: boars
Cattle. $500; calves none; slaughter
steers slow, steady TO weak. heifers
bulls strong to 25 higher: other classes
steady; load mixed choice and prime
] ,075-lb. SLAUGHTER steers. 27.25; choice
950-1,200 lbs. 25.75-27 90: mixed
90. 1924. so: packase mixed standard
and good 1,220-b Holstein steers,
22. .25: load utility. and standard 900
lbs, 21.O0; load choice 950-lb heifers.
Evening star., 1962-05-15
BUSINESS BRIEFS

Business Failures in the week
ended May 10 totaled $40 COM
pared with 314 in the previous
week and $50 in the like week
q year ago.-Dun & Bradstreet,
Radio Corp. Of America an
nounced postponement Of a
proposed offering or one mill
lion shares Of whirlpool Corp.
because Of the depressed con-
dition Of the stock market.
Evening star., 1962-05-15
Sears Elects
Cushmdn as
NewChairman

NEW YORK, May Is (AP)-
Directors Of Sears, Roebuck and
Co. yesterday elected Austin r.
Cushman. former vice president
in charge Of the Pacific Coast
area, as chairman and chief
executive officer.
He succeeds Charles H. Kell-
stadt. retiring after 80 years
in Sears management. Mr..
KeIlstadt win remain on the
board and its executive COM
mittee.
Mr.. Cushman, q native Of
Albuquerque, N. NJ, became
manager Of the firms San
Francisco store in 1892 and has
spent his career in the South
west and on the West Coast.
The election came after the
annual meeting, at which the
firms officers said they expect
earnings Tor the three months
ended April 30 to show a 35
per cent increase over the year.
earlier figures.
Mr.. Kellstadt said preliminary
estimates set first quarter
profits as equal to ~ cents a
share. compared with 81 cents
"a year ago, and set sales at
more than 81 billion, up S1z
per cent.
He reiterated estimates that
year-long sales and earnings
will set a record. He also indi-
Gated that the firm will in
crease its dividend if these ap-
parent trends are realized.
Mr.. Kellstadt told of plans
to open 80 stores in 1869 and
1864. He said IA viii be opened
this year.
Evening star., 1962-05-15
Earnings

COlumbia Gas System In IL
months ended March 81 earned
$46, $4,000 or $1.56 a share vs..
$43,0l6.000 or $1.43 in 1861.
Intl. Nickel of Canada in 8
months ended March 81 earned
S27, All 900 or 90 cents a share
VS.. $18,660, 900 or So cents in
1861 period. 4
Bendix Corp. in 6 months
ended March 81 earned S10.-
327,113 or $1.90 a share VS.
Evening star., 1962-05-15

26,25: mixed good and choice. 24.75-
1926; good, 32 .0O-24 so; commercial
eoEs 10 .bI1a5 90 utility, ~ soo-l6; 80;
1900; eanners and cutters. 1850
1900; utility and commercial bulls,
17.60-20.00: good and choice Vealers,
"a. .Q0-33. 90: cliluls, 12.00-15, 90; two
loads choice and fancy 90O-97O-lb.
feeder steers, 24.25.24,50.
Evening star., 1962-05-15
New Store Opens

L & F Home Appliance Co.
has opened q third-area store
at 1890 Georgia avenue,
company also has stores at 908
Eleventh street NV. and in
Clarendon, Va.
Evening star., 1962-05-15
Major Obstacles Seen
For Secondary Market
In Conventional Loans
BY DONALD B. HADLEY
Star Financial Editor

Some major problems must be solved before private sec
ondsy market for conventional mortgages be established
bankers the Nation told here today by j.
Stanley Baughman president of the Federal National Mortgage
Association
Mr. Baughman emphasized that FnyMA welcomes the
Evening star., 1962-05-15
OVER COUNTER

Following prices furnished by the Ma.
uonal Association Of Securities Dealers
In Washington represent the range within
which locally active securities could have
been bought or sold at ] PM, Tuesday,
Evening star., 1962-05-15

greaCer parClclpaClOn py CON-
mercial banks in mortgage
lending and offers its assistance
in the establishment Of the
secondary market for conven-
tionalS.
Addressing the second ma
tional mortgage conference OF
the American Bankers ASsocia-
ton at the Mayflower Hotel,
Mr.. Baughman praised efforts
Of the ANA to develop plans
for the secondary market.
Lists Major Problems
However, he outlined major
problems that must be solved
before such a facility can be
operated successfully. He said
that financing would be one
obstacle, while the lack Of uni
formity in mortgage practices,
forms and laws also would be
q deterrent to the free flow
Of conventional mortgages S
through a private secondary
market.
las the lending industry in
creases mortgage operations, it
will become increasingly evident
that there is a real need for a
secondary mortgage market
facility which will provide for
conventional mortgages those
services which FNMA furnishes
now for federally underwritten
mortgages" he declared.
''It would be desirable, how
ever, if all three types Of loans
conventional, FILA insured
and VA guaranteed-were per-
.nitted to flow freely into and
out Of such a privately financed
facility" he suggested.
Commercial banks are al
ways welcome to utilize FNMA's
mortgage purchasing facilities
as source Of liquidity, ,and our
portfolio Of well-seasoned, fed
orally underwritten mortgages
is always available. to, you as q
source for sound, attractive.
and immediate income -produc-
ing investments" the speaker
added.
Advocates Underwriting
Government underwriting"
he said, has been basic to the
success Of FILA and VA mort
cages and experience would
indicate that some form Of un-
derwriting would be desirable
to insure the free flow Of con-
ventional mortgages In and out
of-a privately financed secon-
dairy market facility.
%But whether 100 per cent
insurance coverage for conven-
Uioral loans Is actually i1eces.
Sary is problematical. Existing
companies now write Insurance
to9cover the top 20 per cent o.
loans. While such insurance q
used primarily by savings anc
loan associations, perhaps com.
mercial banks. especially GER
tain State chartered banks
that are permitted to make
loans with liberal loan-to-
value ratios, may want to ex-
plore the practicability Of us
ing these established facilities" !"
he declared.
Urges Policy Changes
Banks could invest in mort
cages an amount equal to so
Ger cent Of their time and
avings and deposits, yet they
rave little more than 30 per
cent in mortgages, it was
pointed out by Chairman Jo-
eeph o. McMurray Of the Fed
eral Home Loan Bank Board
another speaker at this morn
;ng's session.
There Is ample evidence that
Evening star., 1962-05-15

committeeman and George T.
Duvall is State committeeman.
Evening star., 1962-05-15
Best car on the road7

beStC0T on the T0d0I
There's Ferari down there A beautifully designed
sports-racer- plenty fast. sa
In fact, it won the 1851 LeMans with an average
speed of 1883 mph
The bestp
Not if you ask the owner of that Valiant station
wagon in the other lane No Ferrari for him. He needs
awagon that easily handle the family groceries or
haul lumber for his breezeway
The Lincoln owner buys for distinction, class,
comfort.
The bestp
For him, sure. But the people driving Fords, Pont-
acs, VolkSwagens-y name it have some pretty
strong arguments of their own.
What's the answerp Simply this: IF the car you
bought lives up to all the promises which prompted
you to buy il, then you own the best.
Its lot like investing You know what you can afford
and what you want for your money : whether it's
growth, stability, or extra income. e4Ssi
The next step is to take your problem to broker who
can help make these investment objectives possible
You'll find, in working out your investment program
that Merrill Lynch will design selection of stocks in
line with your own particular set Of circumstances
your pocketbook and your needs No charge or obli
cation either.
We'd like the chance to help you. For test run :
just to see what we'd suggest for youwhy not In
caIl or write
Evening star., 1962-05-15
. Urges Policy Changes
MUTUAL FUNDS

NEW YORK CAP)
National Associa-
sion Securities Deal
The frontiersman., 1962-02-01
Roberta uze!ac Is Honored Al Pre-Nuptial Shower

A pre-nuptial shower was held January 26 in honor of Miss Roberta Uzelac, daugh- ter of Mrs. Aleen Uzelac of Palmer, at the home of Mrs. Irwin Bentti. Mrs. Dolos Joh- ansen was co-hostess.
 Among those attending were the guest of honor and her mo- ther, her sister Mrs. Joseph Lentz, Jr., and Jeannette Perez, Karen Grover and the Mes danes Ethan Peay, Floyd Beal, Clyde Oberg, Don Boulter, Caar'e- Yelling, James Cot tfe1l, Jr, James Cottrell. III, and Juan Jorgesen.
 Among many gifts received by the bride-elect was a scrap book which had been made by the guests for the special oeca- sion. The book was made up with pictures clipped from magazines which depicted her life-starting with the first date' and through the years into the future.