davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
SCHWARTZ W
DEALE, ND, UN. T.Ss5l
YOUR WATERFRONT SPECIALIST

BEAUTIFUL VIEW or POTOMAC
Nearly 4 acres with ESQ II, Of
river, High ground TO rivers edge
on at least $50 II. Of the shore
line. Excel. BLDG. site on high
ground Al 0lymont on Indian
Head hwy $4,000, NEwCoMB-
ewes. Col. johnson. sIN-nSoR
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
:. B. Waters & Associates
Prince Frederick, Nd.
Phone 214 and ass

CObb lSLhNDs MD.
Shell home. 24x2S IT, with IKEA
carport. 75x150 It. lot. with eiec.
and artesian well. On Cyprus
drive, . blks. from water. Sold By
owner. S4.995. 301-CL. 9-217I.
w. E. SIMMS.
EDEN" for modest retirement in
Chesapeake Bay and Rappahan-
nock River fishing community. s
acres with pines. Frame 2-sty., s
rms. incl. bedrm. and bath down.
Heated. River in front, deep harbor
with sand beach in rear. Adjoins
country store where local watermen
deal. Ten minutes TO fine marina.
botel and restaurant, Is minutes
to lovely resort hotel. . golf
courses. Near 3 small country
towns. Food fish eannery nearby
operates . months in year. Sl6.-
800. r. NJ. NORRIS. JR.. REAL
TOR, Hague. Va.
FOR SALE or exchange valuable
waterfront. Approx, $4,000 sac
ritlce sale. What have you? Box
2bl-0, Star.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
GOSHEN ESTATES

Estate sites. IN 10 5 acres. Clear
ssSStiiu ne eoa sS@s w sstin saT'I ans
views. Suitable for horse In Hunt
club ares Priced from $4,000
Terms eos down, balance In 4
years. Cony, to Acc, future Bu.
reau OF standards and IB,M.,
30 Minis. from Bethesda, 4 miiel
north OF OaitheTsbuFa.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
0UT.oF.ToWN REAL EST.
sEAsHoRE PROPERTY

SEA ISLE CITY, N. j.. next to
Ocean. City. N. J.-6-bedrm. fully
furnished home overlooking ocean.
Large modern kit. large screened
in porch. Gear garage, large lot,
oil heated. year around home.
S22.bOO. Phone EN-. b-566b.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09

BEAUTIFUL VIEW OF POTOMAC
Nearly 4 acres with $50 n, Of
river. High ground TO rivers edge
on at least $50 II. Of the shore
line: Excel. bldg, site on high
sround. AZ ulymont on Indian
JONES, 10. 10000. suns. and
ewes. Col. Johnson, s4S-6Se6.
CALVERT COUNTY, MD.
SCIENTIST CLIFFs-4-bedrm.. Ga
bath log cottage with good view OF
bay. Attractive rustic interior with
lge. stone fireplace, mod. kit. all
appliances, sale, furnished SIS, 900.
DARES BEACH, adjoining lots.
400xH90 IT. each. win sacrifice for
PATUxENT RIVER go acres.
1,0O0-ft. frontage on river and cove.
3 houses now rented, piers. Out
standing site for commercial de-
yelopment as marina, waterfront
trailer park, restaurant. Can be
WATERFRONT ACREAGE:
I 900 q. on Chesapeake Bay.
6Ha q. on Patuxent River.
ST. LEONARD CREEK-Mod ma
sonry Aunt apt. overlooking
harbor and yacht club. Owners
leaving country will sacrifice, All
equip. and furnishings like new,
only $4,000 cash and can assume
LIST mortgage of $4,000. A real
bargain at q savings Of over
$1,000 under cost.
"a q. on Patuvent River.
is a. on Chesapeake Bay.
DRUM POINT-New 4-bedrm. ram
bier with mod. kit, bath. fireplace,
upper sun deck, unlimited view
over lge. lake and Chesa. Bay. .
lots with Ice shades trees, ali cleo.
equip. and furnishings incl. in
sale. $4,000, about one-third
8 ACREs-woodland, fronting on
Chesapeake Bay.
ST. LEONARD CREEK-Fine brick
home OF 3 bedrms., liv. rm. with
fireplace, din. area, modern kit,
bath. Full basement, hot-air heat
with. ducts to all rooms, level
wooded lots fronting water. Widow
must sell. Will finance literally
for responsible buyer. 21,50O.
COVE POINT-New redwood Cape
bath, Dashboard hot-water hit,
nice lots with shade trees and
holly. S13,500. about one-third
CHESAPEAKE BAY FRONTAL
unusual opportunity, 6-bedroom
cottage and new mod. 1-bedroom
cottage, with q lots in quiet bay
community, use one and enjoy
excel. rental income from larger
cottage, all for only $4,000, which
includes furnishings.
ST. JOHNS CREEK-Private setting
with about SCOTT. frontage on
water. SO acres land. mod. 2-bed-
I'm. cottage, guest bunk house fol
4, lifetime pier with deep water
anchorage. 14-ft. Runabout with
motor, row boat, complete with
Furnishings and equip. $4,000.
SOLOMONS - Investment income
opportunity. 10-bedrm. rooming
house on water. Pvt. pier, deep
water anchorage. $4,000. Sunday
and all weekdays except Wednes-
day.
I r Waters a. Aceociofae
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
COUNTRY HOMEsITEs, approx.

q more acre iots IS dOH next {
s sS 4. REssd I. fs ssSs only a . sSp ~
balance In monthly payments
Price incl. county maintainet
hard surface streets. Wooded OF
cleared lots avail, some witt
stream. Ask Mr.. Taylor. 236-S6Ol
or SP. 3-5lsg. NJ. LEO sToRcH
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09

2.aere site, $1,000: II acres
per acre. mr. Laytonsville, i4,h
acre. with stream, 81 900 per acre
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
REAL ESTATE LOANS

ABBOTT LOAN SERVICE. Cash
fast, no delays. 2nd trust loans.
Money for any purpose, &c, Nd,
Va. Day or ewes. UN. 4-92sS.
ABSOLUTE top cash for End trusts.
No applications or red tape. Va,
Nd. d. c. Day eve. WI. 6-6lS2.
ACTION "a HOURs-Any amount.
You can't beat our rates.
GIBRALTAR MOT. 525-9366
ANY AMOUNT
Having trouble? Need a loan for LIST
or End trust7 d. c. property.
ULTRA REALTY SERV.. ia. g-2319
BANK RATES-Ist and End trusts.
Instant cash. Win also finance or
buy real estate in distress or I'M
usual situation. Anything. Any
ones credit good. Elk. 3-l215.
CONSOLIDATE YOUR DEBTS BY
2nd trust, AMERICAN MORT
GAGE a. INVESTMENT CO., 319
Southern Bldg, MA. S-3331. I'm
mediate services. 10 to 4:30 pm.
IMMEDIATE CAsH-LOW RATES
md and 3rd TRUST LOANS.
METRO REALTY CO.. EX. 3-7744
MONEY. End TRUST-we will buy
End trust notes. d. c., nearby Md.
or Va. Reas. rates. NATIONAL
MORTGAGE & INVEST. CORP,
1872 N. Y. ave. NV. MA. S-5S33.
PLENTY FUNDS AvAILABLE-lst
and End trusts. INTERSTATE
MORTGAGE CO., INC. IA. 7-5S00.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
100 ACRE

CHESAPEAKE BAY AREA, 81
k k5af r iSoscf q f ToS SS sSv hn:
DOTMENT = Modern main house
in beautiful setting. Trees, shrubs
large porch, liv. rm,. din. rm.
modern kitchen and bath, 2-bed.
rms, unfinished End floor, full
basement. oil heat. 6-rm. tenant
house, . tobacco barns. strippinl
rm.. 2 implement sheds. Also. Z
tractors, disc harrow. drag har.
row, eultiyator. lime spreader, :
mules. Other items. Excellent
financing. See Saturday. Sunday
Monday. $4,000.
LEISNER & HANSON
Across Prom the Post Office
DEALE, MD. UN. 1921
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09

Mr.. New MARKET On R Re 40 as
acres, all wooded. with 500 n. OF
hard-road frontage. $4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
GAS STATION SITE
Z0ned "C-3-B"

Small corner site on we'll
trafficked streets. very
reasonably priced. Call Mr..
Miller.
BOSS & PHELPS, INC.
MA. $4,000 Res. ia. 9-17o6
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
FARMS
Cattle Farms. w. Va

Cattle Farms, W. Va
400 acres, approx. $50 acres
cleared, Large block barn. rm
house, other bldgs. Good stream
and road running length OF prop
Also good spring and pond. > u
hrs. d. C. Price SCI, 500. Good
terms.
Cattle or Lodge
2l5 acres. S-rm. house, three
barns, several springs, ponds. on
good road. Sits high with lovely
view. 2h hrs. d. c, Price $751;
500. Excel. terms.
L. r. Wigfield NO. 7-1328
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
LANGLEY

i.5.aere home site Affordinr prl.
yaey and within q short distance
q GA and WashinEton. Priced
AZ $4,000. Call IL, 6-4i6i.
Mrs. VIM. H. Laughlin
REALTORS MCLEAN, VA.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
80, Ssab K stsr., NM

FIVE-AChE TRACTS. near War.
Trsnton, miles from town
Five tracts available. 2 tracts
wooded with stream on each. Z
Tracts hall wooded and hall
excellent terms, Land DepSrtment,
TRI-coUNTY REALTY, INC pa.
l2O2 or 2Qs-6b0O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
]. B. Waters & Associates
Prince Frederick, Nd.
Phones PA and ass


Tidewater, Southern Nd.
1-st. Leonard Creek. 81 acres on
paved road. 1.500-ft. waterfront,
so mi. D. c., $4,000.
21Patuxent River, frame home
with bath; beach house, wharf. 3
boats and motor, furnished, i'm
med. poSs.. AZ mi. d. c., $500.
3-Dares Beach. 2-bedrm. frame
home, 2 porches, hot-air heat,
immed. poss.. 40 mi. D. c.. SO. 800.
4-Patuxent River, Soft. Water-
front. large lot. improved with
pier, pier house and boat ramp,
restricted. 3S mi. D. C.
Calvert Realty Agency Corp.
Prince Frederick. Nd. Phone 1Os
II no answer. call 1874 or 354
WATERFRONT LOTS
A wide selection Of lots on Chez.
Bay and Mill Greek. These are
resales in Chesapeake Ranch Club
and Drum Point development. pur-
chased by the present owners at
predevelopment prices. We can
ofter these lots at substantial
saving on very liberal terms,
j. B. WATERS a. ASSOCIATES
Prince Frederick, Nd.
Ken Appel Agent. Solomons, Nd.
Phone EAST 6-3722
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
, MAYNE REALTY co.
Wa. $1,000 oLNEY wa. 4.9ss

MAYNE REALTY co.
WA, $4,000 oLNEY WA. S-qs3i
HOWARD COUNTY
oY2 ACRES Ideal for wk. end or
retirement, remodeled ioR esbin
NJ daisy, Sl3.g5O.
ACRES - Charming new hons
bedrooms. . baths fIreplaes
small pasture for HORSE M
If!adelphia Lake. S25, 900.
4 ACRES - New ranch hous.
small HORSE BARN siT Tram
Clarksylle. S2i 500. Terms.
10 ACRLs - Fertile beef farm
sound bldgs. and fences long roaa
frontage In rapidly developing
49, ACRES -- Commuter's farm
secluded location In supsfior
neighborhood. spacious i5O.ySo
Old home, barn. SMALL RIVER
10 ACRES ~ With beautiful az
oak trees and large stream NJ
DAISY Unlmproyed
CAL Mrs. Adams. AT. B-233B. Mrs
Shaw KE l-jiiO,
PIERRE c. Du0AN a NEPHEW
GIWTEMKIllN nFanaH UN 49,.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09

HsosT IA Ro SPPII9 tss ,sS0 ssi Asiy
TON REALTY Co. PA. 5-2o7S.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09

21E ACRES clear ground. j bloch
from Brooke I'd. Sc, Capitol
HITS. Nd. RE. b-7652.
as ACRES. Clear ground. All i'm
provements. City water. ] block
from Brooke I'd; sc. Capitol
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09

as ACRES in Fairfax County. only
3 miles from Fairfax City. and
between Routes so and 29-21l-
Good road frontage and percola-
ton. Can be purchased with as
little as 1000 cash with 20 years
on the balance at q price OF
$50 800. Land Department. TRI-
COUNTY REALTY, INC, ga
1902 or 29S-650O.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-09
FARMS

LOOKING FOR A FARM, ACRE.
AGE? Nearby or far from the
maddenine crowd? Large or. small2
70 choose oUs rom nse cs sff SUB R sG cI
Farm Division. CHARLTON OF
VIRGINIA, INC, Realtors, CIR.
, 1962-07-24
NoTICE

The attention of all persons or firms doing business
with the Government of the Virgin Islands, its various
Departments, Agencies and/or Activities are hereby no
titled that effective upon publication of this notice, all
bills or invoices in payment Of materials supplies or ser,
vices for the Government Of the Virgin Islands should
now be submitted to the Accounting Division, Depart
ment of Finance, Charlotte Amalie, st. Thomas, Virgin
Islands, instead of to the individual Department,
Agency andfor Activity, as has been the practice here
tofore.
The cooperation of all persons and firms concerned
in complying with these changes in procedures, which
will serve to accelerate all payments due from the Gov
eminent, is therefore solicited.
Evening star., 1962-05-08
Webb Investment
Adds New Directors

Stockholders Of Webb m
vestment Corp. Of Fairfax, Va,
have added two new directors
to their board, 1t was an
nounced today by President
John c. Webb.
New directors are: irwin Reid,
president Of the Citizens Ma
rine jefferson Bank Of Newport
News, Va, and James Barker,
president Of Capital Film Lab
oratories. Inc, of washington,
Mr.. Barker also was named to
the executive committee.
Reelected directors were:
Dale Smith. president Of Fair
fax County National Bank; Fred
L. Cornnell, senior vice presi-
dent, First and Citizens Ma
tional Bank Of Alexandria; VIII
liam r. Perlik, washington at
torney; Robert Gladstone, mar.
bet analyst; H. Graham Mori-
son, w q shington attorney;
z. 3. Pendleton. jr.. treasurer
Of Southern States Cooperative
Richmond, Va; v. H. Nusbaum
ir., president Of Nusbaum Realty
Co., Norfolk, Va; James Land
vice president. Seaboard Citi-
zens National Bank. Norfolk,
Va, George T. Mclean, presi-
dent, Mclean Industries. Ports
mouth. Va. and Mr.. Webb, who
is q Fairfax attorney and vice
chairman Of the board Of Mount
Vernon National Bank & Trust
On
Evening star., 1962-05-08
Icy Vacuum Converts
Sea to Fresh Water

TORONTO. May 8 (AP)-
Fairbanks-Wh Corp. OF
America has announced that
In partnership with Israeli
scientists it has perfected q
method Of extracting fresh
water from salt sea water.
David Kari, president, said
plans to produce the desalting
machines are under way. In
Canada, the United States and
Israel.
Four of the machines, each
with q .000-gallon-a-day ca
pacity, are being built at the
company's Belolt CWis0 plant
and win be installed at Elath,
on the Gulf Of Aqaba, by the
end Of this year.
The machines operate on a
desalting process developed by
Israel scientist Alexander Ear
chin, by which fresh water Is
removed from sea water in the
form Of ice in q vacuum, leav-
ing q brine residue.
Mr.. Karr said the price for
desalting sea water has dropped
to SITS from IS for 1000 gal
Ions during the last 20 wears
He said that by using the Ear
chin vacuum the cost should
drop below 81 for 1000 gallons
in the next 1S months and to
40 cents In seven years.
He said the new method SIS
Evening star., 1962-05-08
Cocu-CoIu Names
]. Paul Austin
New President

NEW YORK, May 8 (AP).-
j. Paul Austin, q lawyer with
a background in foreign sales,
was elected president of the
world-girdling Coca-Cola Co.
Mr.. Austin, Al, succeeds Lee
Talley, who remains chairman
and chief executive officer of
the company, primarily a pro-
ducer of soft drink syrugs. cit
rus juices an dinstant coffee
and tea.
Last year the Atlanta-based
company earned $42, ,487 1858
from operations in the United
States and 100 foreign coun-
tries, the majority Of 1t from
syrup and soft drink sales.
Mr.. Austin is a tall, lean,
articulate man, q native Of La
Grange, Ca, and a graduate
of Harvard University and
Harvard Law School.
He assumes the position after
serving since August, 1859, as
president of the Coca-Cola Ex-
port Corp. one Of many sub
sidiaries and bottling companies
operated by the parent.
He joined the company in
1949, was named assistant to
the president o fthe export
corporation the following year
and in 1854 was elected vice
president Of the subsidiary and
placed in charge Of Africa.
Four years later he became
executive vice president and
director Of the export corpora
ton and remained there until
1859.
Evening star., 1962-05-08
NAM Chief
Sees uxCut
Accessibility

CHICAGO, May 8 (AP).-
The president of the National
Association Of Manufacturers
said today every taxpayer
would enjoy at least q Is per
cent cut If a tax reform bill
stalled in Congress were passed
Donald j. Hardenbrook,
NAM PRESIDENT, told the Ma
tional Association Of Purchas-
ing Agents convention:
There has been a tax'reform
bill, the Herlong-Baker bill, in
the House Ways and Means
Committee for three years
which, in the opinion Of econ
omists and experts on taxes,
would remove the shackleS on
industry, commerce and in
dividuals, thus releasing crea-
tive and capital forces that
would propel the United States
into an era Of economic and
social greatness never witnessed
before"
Mr.. Hardenbrook referred to
a measure sponsored by Repre-
Sentatives Herlong, Democrat
of Florida, and Baker, Repub-
lican Of Tennessee, which would
reduce corporate and individual
income tax ceilings drastically
over a five-year period.
Just think" he said, here Is
a bill that can do all these
things for all the people-every
taxpayer would enjoy at least
q IS per cent cut-and the bill
is quietly resting in committee
in Washington"
The bill, providing greatest
reductions in upper bracket
personal taxes, would bring ul-
innate rates to AZ per cent for
corporations and q is to Al per
cent range for individuals. The
revenue slack would be taken
UP by the level tax on business.
Mr.. Hardenbrook urged busi-
nessmen to get into active poll
tics to combat what 'insidious
changes" in Government which
he said have been altering the
Nations economic system.
Evening star., 1962-05-08
WSSC Sells
New Bonds at
Good Rate

The Washington Suburban
Sanitary Commission today
sold q SIS million bond issue
at an average interest rate OF
3.018 per cent.
The winning bid, lowest OF
six, was submitted by the First
National City Bank of New
York and Associates, through
the Washington office Of Jones,
Kreeger & Co.
Commission officials termed
the interest rate very good
and noted that last August
their $40 million bond sale sold
at a rate Of 3.555 per cent.
Today's sale will be divided
into So million for general
construction (6 and 8 inch
feeder ines). $4 for sewage
disposal and So million for
water supply. including last
payments on the Watts Branch
water filtration plant off the
Potomac River.
The So million general con-
struction bonds run for %
years and the others, so years
Today's sale raises the WSSC
bonded indebtedness to a rec
ord $l56 million.
Evening star., 1962-05-08
Michigan Attorney
Named SBA Deputy

James L. Paris of Birming-
ham, Mich. has been named
deputy administrator Of the
Small Business Administration
and win be in charge Of invest
ment division activities, effec-
tive June /.
Mr.. Paris is q senior attorney
for the Ford Motor Co. in
Dearborn, Mich. and has been
associated with that company
since 1857. He practiced law
in New York City from 1913 to
1857.
He is 3 native Of Baltimore
County. Nd, and is q graduate
OF Washington College in Mary
land and Columbia University
School Of Law.
Evening star., 1962-05-08
Investment Trust
Declares Dividend

Directors of Washington Real
Estate Investment Trust have
declared a second quarterly
dividend Of 5 cents a share
payable June 20 to stockholders
Of record May 8, it was an
nounced:
WRIT Is the Oldest real
estate investment trust in this
area and is two-thirds invested
in real estate. Among its in
vestmentS are an office build
ing, Government distribution
center and apartment houses
Under the law providing fol
this type Of trust. a portion OF
each dividend Is tax-free.
Evening star., 1962-05-08

deceptive" It would force
sales clerks to compute simple
annual rates" at the time Of
each retail credit transaction,
he pointed out.
The Utah Senator, ranking
minority member Of the Senate
Banking and Currency Com
mittee, which is conducting the
hearings, was particularly criti-
cal Of amendments added to
the bill recently by its author,
Senator Douglas, Democrat of
Illinois. These would Gequire
individual computation Of in
terest rates on each transaction
in q revolving charge, or add.
on, account.
4 Senator Bennett said that In
complying with this provision.
ATTAINED accountant with COM
putting equipment could handle
four to six accounts an hour.
compared with 100 an hour at
present time. He said this adj
dltioual cost would have to be
passed on to the consumer, re-
sulting in q general price in
crease on all retail merchandise,
He charged that the name
truth in lending" Is a mis-
nomer, since It would force the
seller to hide the interest costs
in the price, thereby diminish
ing the amount the buyer would
know about the cost Of extend
ing credit. 80.
The Senator supported full
disclosure Of credit costs, but
urged that they be expressed as
dollar amounts rather than as
Q simple annual rate. He
pointed out that nearly all
States now have credit dis
closure laws, but require state
ment Of credit costs as dollar
amounts rather than on the
basis Of simple annual interest,
which he contended is more
meaningful to the consumer
and much simpler for the re-
taller to compute.
Evening star., 1962-05-08

far out in front" of conven-
tional diStillation methods now
in use in the United States.
The machines, each costing
an estimated Sl.25 million, viii
be built by Israel for home use
and export to the Eastern
Hemisphere and by Fairbanks
Whitney for the Western
Hemisphere.
The company's Canadian
subsidiary. Canadian Locomo-
tive Co.. Ltd, will build the
machines for export in the
sterling area.
Evening star., 1962-05-08
CAB Examiner
Fuvors TooIco's
Northeast Plan
EE the Associated Pres

A Civil Aeronautics Board ex-
aminer ruled today that Hughes
Tool Co. (Toolco) should be
allowed to acquire control of
Northeast Airlines.
Under newly adopted pro-
cedures Of the CAB. the initial
decision Of Examiner Merritt
Ruhlen will become effective
within 80 days, unless q petit
ton for discretionary review
by the board itself is filed by
one Of the parties.
The examiner said the ac-
QUESTION should be approved
subject to certain reporting
restrictions and limitations on
commercial transactions be-
tween Northeast and Toolco.
The examiner found that:
/. Northeast will collapse
ana cease operations unless
financial assistance is made
available Immediately.
2. No assistance Is available
to Northeast either in the form
Of temporary Government SUBJ
sidy or In reorganization under
the Bankruptcy Act.
3. The record win not support
q finding that Toolco has en-
gagged in improper or unlawful
activities in relationships with
either Trans World Airlines or
Northeast. Toolco already owns
rs per cent of TWA, but its
stock now is held in a neutral
voting trust.
4. Toolco has not unlaw-
fully acquired control of North
east.
5. Control Of Northeast by
Toolco will not restrain COM
petition.
Evening star., 1962-05-08
VEPcO Files D0to
For Stock Offering

Virginia Electric and Power
Co. has filed Q statement with
the Securities and Exchange
Commission covering q pro-
posed public offering Of $50, 600
common shares at competitive
bidding.
Net proceeds from the offer
ing win be used to provide for
construction expenses and to
reimburse the company treas
ury. These expenditures for
1862 are expected to total $82.5
million. with $20.2 million
having been spent through
March 81.
Evening star., 1962-05-08
Compton Promoted
BY Fairfax Bank

Hugh Compton has been ap-
pointed assistant cashier Of the
Fairfax County National Bank,
President Dale H. Smith re-
ported.
Mr.. Compton is in charge of
partment and has had many
the banks installment loan de-
years Of experience in this field.
He formerly was with the Ma
tional Bank Of Logan, w. Va.
Evening star., 1962-05-08
Elevated
By National
Savings

Joseph H. Riley, corporate
trust officer Of National Saw
ings & Trust Co., was elected
assistant to the president at a
board meeting today.
President Douglas r. Smith
also announced the promotion
Of William H. Ford from assist
ant treasurer to assistant vice
president and advancement of
Earle s. Kimmel from assistant
secretary to trust officer.
Mr.. Riley is the immediate
past president Of the American
Safe Deposit Association. He
has been with National Savings
since 1947 and has been active
in area safe deposit and fiduci-
ary associations.
He also has been active in
the Metropolitan Washington
Board Of Trade and the XII
wants Club. He Is a director
Of the Boys Club of Greater
Washington, secretary Of the
Boys Club Foundation and a
member Of the Congressional
Country Club. He is a gradu-
ate Of Benjamin Franklin Uni
versity and holds two diplo-
mas from the Stonier Graduate
School of Banking at Rutgers
University.
Mr.. Ford was associated with
several other Washington banks
before joining National Savings
in 1884. He has been in charge
Of the banks data processing
units. He is a graduate OF
American Institute of Banking
and the Stonier School at Rut-
gers.
Mr.. Kimmel Is in charge of
the corporate trust department
and also is a graduate of the
Stonier School. He has been
with the bank since 1899.