davidaulloa/AmericanStories huggingface dataset:
Evening star., 1962-02-11
Farm Plan Blasted
KANKAKEE. Ill.

KANKAKEE, Ill, Feb. 1C
(AP).-Charles B. Shuman
president Of the American Farm
Bureau Federation, contended
today that the United States
Government intends to take
complete control of the Ma
tion's food supply. land and
farmers. He labeled the Ken
nedy administrations proposed
new farm program "undisguised
regimentation."
Evening star., 1962-02-11
Shelter Test Due

FORT MADISON, Iowa, Feb.
10 (AP).-The dietary needs of
a person confined for an ex-
tended period in a fallout shell
ter will be tested by "a inmates
OF the Iowa penitentiary. The
State Board of Control said the
project probably will start
Wednesday and last three
weeks"
Evening star., 1962-02-11
ByrdCites CostofHEW
ToAssoiIU IUrbon Agency
By ]. A. O'LEARY
Star Staff Writer

Senator Harry Byrd Democrat Virginia. said yeser-
Gay the growth OF the Department Health
and Welfare during the first 10 years existence is an
argument against setting the Department Affairs
asked for by President Kennedy.
The Vrginan said in prepared statement that the record
Evening star., 1962-09-14
Gold Reserve
In Week Cut
$50 Million

NEW YORK, Sept. IA (AP)
Erosion Of the Nations gold
reserves resumed last week
after a weeks interruption. the
Federal Reserve Board reported
yesterday.
An outflow of $50 million
from the gold stockpile whitfield
it to SIG, ,068. 900, 900 and brought
losses overseas for the year to
date to 1922 million.
One of the effects Of the
latest reduction was to reduce
the reserve ratio, that is gold
backing for Federal Reserve
notes and deposit liabilities, tc
a new low of 33.1 per cent.
The board said the Fedora,
Reserve System was a net seller
of Government securities dur
ing the week ended Wednesda!
in the amount of 1922, 700. 900
reducing the holdings to $780,
267, ,297. 900. Holdings we're al
an all-time high in the previous
week.
It also reported that free
reserves Of member banks rose
to a daily average Of $436 mil
lion from a revised figure oi
1929 million in the preceding
week.
Evening star., 1962-09-14
Tukomu Park
Branch OKd
For Bunk

The Citizens Bank of Mary
land reported late yesterday il
has received approval from the
F ederal Deposit Insurance
Corp. to establish a new branch
at 6919 Laurel avenue, Takoma
Park.
The proposed branch figured
prominently in q hearing last
month regarding merger Of two
other banks. At that time the
branch was cited as an example
that competition was increas-
ing. not vanishing, in the area,
The case involved merger of
Suburban Trust Co. and Citi-
zens Bank Of Takoma Park. The
FDIC had ruled against tn e
merger, but this week reversed
itself after testimony regarding
competition in the area.
The new branch will be the
10th office operated by Citizens
Bank and its second in Mont
goEeTy County. Plans now call
for opening it for business
October %. according to Alfred
H. Smith, president.
The bank has about $72 mil
lion in assets and q total Of
eight additional branches ap-
proved but not yet opened for
business.
Evening star., 1962-09-14
Ford in Germany Offers
New Competitor to wv

manager, John Andrews, said
there are no plans at present
to market the automobile in
the United States. He said he
felt the car would be a tough
competitor for the Volkswagen
and q similar car recently in
troduced by Opel, the General
Motors German subsidiary.
Mr.. Andrews said that al
though the cars are being as
sembled in Cologne, parts are
made throughout Europe.
Version Of the Cardinal
The new car is one version
of what was to have been
Ford's smaller than compact
Cardinal for the American mar
ket.
Last spring Ford announced
it had abandoned plans to build
such q car in the Unite d
States. Assembly was to have
been in Louisville, KY.
In Detroit, industry sources
said British Ford soon will in
troduce another version of the
car in markets which it serves,
Evening star., 1962-09-14
Banks Win Expansion
Into, Out of DC. Areoc

The battle for Maryland de-
positors turned more complex
today as q suburban Washing
ton bank won approval to PEN
citrate Annapolis and a big
Baltimore bank got the green
light to open in Silver Spring.
The Controller Of the Cur
rency authorized the Ameri-
can National Bank Of Silver
Spring to establish a branch
in the Parole Plaza Shopping
Center on the edge of Annap-
oils. It thus became the first
Washington area bank to ex-
pand outside Montgomery and
Prince Georges Counties.
simultaneously an applica-
ton was approved for Mary
land National Bank to open a
new branch in Silver Spring.
Two Offices in Rockville
A bank spokesman said the
branch will be in temporary
quarters before the year end,
The location is at 1872 Georgia
avenue, according to the, Con-
troller's office.
The application actually was
approved Monday but will not
become effective until the
quarters are available, a
spokesman for the Controller
said.
The bank recently merged
with Montgomery County Ma
tional, thereby acquiring two
offices in Rockville. Maryland
Evening star., 1962-09-14
Store Sales in Area
Gain II Pct. for Week

Sales for Washington area
department stores last week
increased by II per cent and
for downtown stores by IL per
cent from the period last year.
The Fifth District Federal
Reserve Bank of Richmond re-
ported today the sales also in
creased by 4 and l per cent
respectively for area and down.
town stores in the four weeks
ended September 8 from the
period last year.
They declined by II and Ia
per cent respectively from the
preceding week, however, as
youngsters finished pre-school
shopping. So far this year
area stores are 2 per cent ahead
of sales in the period last year
and downtown stores are / pei
cent behind.
Evening star., 1962-09-14
PEOPLE
IN
BUSINESS

Joseph d. Dreyfuss III h a
joined Dreyfuss Brothers, Inc.
commercial and industrial real
estate development from here,
He recently was graduated with
a degree in civil engineering
from Cornell, where he won the
Fuertes Medal for highest Gu
mulative grade average in his
field.
Harry A. Fisher, Vitro Lab
oratories engineer in silver
Spring, has been elected presi-
dent of Lions District 22-C
Eye Bank and Research Foun-
dation, Inc.
1t. Gen. Thomas p. Gerrity
USAF, deputy chief Of staff
for systems and logistics, has
been named a director Of the
Harvard Business School Club
Of Washington.
Cliff Battles, former Wash
ington Redskin football player
has Joined the staff of the
Washington region, General
Electric Defense Programs
Operation. He has been a
manufacturers representative
for several concerns in the
past Is years.
David H. Dawson, vice presi-
dent of E. I. dupont de Nemours
& Co., has been elected board
chairman of the Manufacturing
Chemists Association here
Charles H. Sommer, president
of Monsanto Chemical Co., il
new chairman Of the aSsocia-
tons executive committee.
M. Gall Sanchez has be r
appointed director of inorganic
research at w. r. Grace & Co
research division in ClarkSville
IND.
Lewis r. Roberts, executive
secretary Of the County Fed
eral Savings g. Loan Associa.
ton in Rockville, has beer
elected to the Board Of Statt
Governors Of the Nationa
League of Insured Savings AS
sociations.
Charles r. Bennett has beer
named convention manager o
Caribbean Cruise Lines. HI
previously was district sale
manager for Cunard Eagle Air
ways in Bermuda.
Evening star., 1962-09-14
Mensh Proposes
CHANGE in Name

Stockholders Of Mensh In
vestment & Development AS
sociates. Inc. will vote Septem-
Der 26 on a proposal to simplify
the company's name to "The
Mensh Corporation" and tc
elect directors.
The meeting will begin at
g pm. in the Shoreham Hotel
A management letter explained
the present name has proven to
be somewhat cumbersome"
Evening star., 1962-09-14

National Is the States largest
bank and has assets Of more
than $500 million.
It has other applications
pending for branches in Be-
thesda and White Oak.
The approval Of the Silver
Spring location points up q
growing rivalry between WASH
ington area banks and Balti-
more savings institutions to
tap the rich suburban market
along the District line in
Maryland.
Maryland National is grow
ing fast. It has acquired 81
offices in Maryland counties in
the last year, including the two
in Montgomery. Its phone
number is not yet listed in the
Washington directory.
Among its rivals for the
Washington area market is the
Suburban Trust Co., with re-
sources in excess of $3.50 mil
lion. A merger of Suburban
with Citizens Bank of Takoma
Park was approved earlier this
week.
Further Expansion Due
The American National Bank
Of Silver Spring also is fast
growing. 1t plans to open a new
office in Langley Park later
this month and another later
this year in q building under
construction at Laurel. 1t cur
rently has offices in Silver
Spring, Bethesda, Wheaton and
Rockville.
The Annapolis office will be
in a new building at Parole
Plaza, near the intersection Of
John Hanson freeway and State
Route 2. Full banking services
including drive-in windows will
be offered. 1t is expected to
open for business next spring.
American National is a mem
ber of the Financial General
Corp. group. It has averaged
more than Is per cent growth
in deposits and assets in the
last two years.
Evening star., 1962-09-14
CHICAGO
LIVESTOCK

CHICAGO. Sept. IA (AP) CUsDA).-
HOgs, 5000; moderately active. butchers
steady to 26 lower; sows under 800 lbs
weak to Is lower; over 500 lbs steady;
good shipping demand; 1-2 2O0-225
ID butchers 19.OO-19.25: around 200
head at 1925: mixed Ia 10000 lh
1S.75-19.O0: 1-2 160-190 lbs 1880
1875; mixed l-3 290-350 ID sows
90 40O-450 lbs 15.75-16.5O; 45O-550
lbs 15.00.16.O0: boars 13.50-14.5Q.
Cattle, 1880: calves, none; slow,
slaughter steers grading high choice
and prime / 1,275 lbs up IS to 75 lower,
other weights and grades steady to 80
lower; heifers so lower: cows steady
to 25 lower: bulls steady TO weak;
vealers absent: two loads prime 1900
l 400 ID SLAUGHTER steers 80. 90; bulk
high choice and prime 1,200-1 ,425 lbs
/ I,i50-I,i7S lbs So.o00-so.55; buli
choice 1.100-1,350 lbs 2S.50-31 90;
comparable grade 900-1 100 lbs q. So
90. so; few good 25.50-27. so; choice
9O0-1 .O40 lb heifers 26.00-27 so: load
high choice 1.040 lbs at 27.50: utility
and commercial cows 15.00-17 90;
Gamers and cutters 13.50-16.00:
utility and commercial bulls 1900
21.O0.
Evening star., 1962-09-14
Store Sales Rise
Across Nation
By the Associated Pres

The Federal Reserve Board
said yesterday department store
sales across the Nation last
week we're 13 per cent higher
than during the similar week
Of 1861.
The board said sales were
higher in all of the IL Reserve
districts.
During the four weeks which
ended September 8. the board
said, sales were 4 per cent
higher than in the similar peri
cd a year ago. So far this year
dollar volume is S per cent
higher than in the correspond
ing portion of last year.
Evening star., 1962-09-14
KENNEDY TO TALK
TO MAGAZINE
PUBLISHERS

President Kennedy will
address a conference of
some TOO of the Nations
business magazine editors
and publishers at $50 pm.
on September 26 at the
State Department Audito-
rum, the White House
announced today.
The conference is being
sponsored by the White
House with the co-opera-
tion of the Society of Busi-
ness Magazine Editors and
National Business Publica-
tions.
A White House announce
ment said the conference
has these two purposes;
/. To C o m m unic a t e
through these editors and
publishers the administra-
lions views on a number of
highly important topics
which saffect the business
community"
2. To elicit views of the
editors and publishers on
problems they consider par
amount in Government
business relations.
Besides the President,
officials scheduled to speak
at the conference include
Secretary of the Treasury
Dillon, Secretary of Com
merce Hodges, Undersecre-
tary of State George Ball.
Chairman Walter Heller of
the Council of Economic
Advisers and Small Busi-
ness Administrator John E.
Horne.
Evening star., 1962-09-14
Trans Caribbean
Book Rate Denied

The Civil Aeronautics Board
yesterday temporarily blocked
Trans Caribbean Airways from
cutting book ticket" fares by
1917 to Is per cent below third
class fares on its New York
Puerto Rico runs.
The airline is a subsidiary of
Transportation Corp of Ameri-
ca, which also controls D. c.
Transit here and two Spanish
language newspapers in New
York.
The fares, sold in multiple
ticket books. were opposed by
Evening star., 1962-09-14
$40 Million Bonds
Placed by Berens

The bond department OF
F. w. Berens Insurance Serv-
ice, Inc. placed $40 million
worth of construction bonds
for the year ending August 80,
the company announced yes
terday.
Howard DeFranceaux said
the department, formed two
years ago, now represents six
major bonding companies. Re-
Gently placed bonds included a
SIS million issue on two office
buildings in the District and
Silver Spring. and a $5.7 million
construction bond on a housing
project at Fort Meade, Md.
Evening star., 1962-09-14
Schinnerer Heads
Convention Bureau

Victor o. Schinnerer, presi.
dent of the insurance broker
age firm bearing his name, has
been named chairman of the
Board Of Trades convention
and visitors bureau.
A former president of the
Board Of Trade. he is q direc-
tor of the Bank of Commerce,
former president Of the Dis
trict Association Of Insurance
Agents, and active in many
civic groups.
Evening star., 1962-09-14

will offer recommendations 70
petitive with other institutions,
he said.
His office also is preparing
legislative recommends t o n S
which will be presented to Con-
gress next January, according
to Mr.. Saxon.
Next weeks report is the
findings of q 24-member ad-
visory committee drawn from
the commercial banking indus
try and put to work last No
vember when Mr.. Saxon took
office.
Variety of Changes
Their study will suggest lib
eralization of regulations and
elimination of unnecessary inn
pediments" in banking affect
ing everything from trust op-
erations to rules on collateral,
he said.
Mr.. Saxon made the an
nouncement last night at a din
ner of the Montgomery County
Bankers Association at the
Washington Country Club in
Gaithersburg, Md. More than
800 attended the meeting.
what national and many
State banks SEEK" he declared.
lis a system of banks with tools
to do the job for which the sys-
TEN was created. There can be
no Just criticism of banks if
they don't have the tools"
As an example. he noted that
because of present regulations,
banks must decline some loans
because of limits on certain
types Of collateral.
Neither the bank nor the
community benefits from this,
he said.
Aims at Encouragement
In answer to a reporters
questions afterward, Mr.. Sax
on compared the new study to
tax depreciation recommenda-
tions for industry by the
administration, and said the
aim was the same-to encour-
age and stimulate banking.
The 48-year-old controller
told the association his office
is simultaneously revising bank
examination procedures and
will complete this task by the
end of 1862. He called the
legislative proposals "exten-
sive" but did not spell them
out.
The committee originally was
appointed by Mr.. Saxon last
year to study why commercial
banks were losing ground tt
other savings institutions. Al
that time he expressed the
view that the limits on savings
deposit interest and othel
regulations were impeding
growth Of the banks.
In other business, the asSo-
citation last night elected Frank
L. Hewitt. president of the
National Bank of Maryland, as
its new president. Also elected
were Edward Sachs, executive
vice president of States Ma
tional Bank. as vice president;
Garnett Inscoe, assistant vice
president of Suburban Trust
Co., as secretary, and Lawrence
Nelson, vice president and
cashier of Potomac National
Bank, as association treasurer
Evening star., 1962-09-14
PeItz to Speak

Henry S. Peltz, senior analyst
for the Tri-C Continental Union
group of investment funds, will
be guest speaker at a seminar
conducted by william C. Buell.
". vice president of Birely &
Co.. Tuesday at 7:30 pm. in
the Peoples Life Insurance Co
auditorium.
Evening star., 1962-09-14
Consolidated Credit
Shares Sold Out

A block Of 77.656 shares Of
Class B non-voting common
stock in Consolidated Credit
Corp. was oversubscribed yes
terday according to Ferris &
Co., managing underwater.
The stock was priced at $6.75
per share in the North Caro-
lima personal finance company.
The block was offered to the
public for the account of Mrs.
Anne w. Hunt, and was not
q new issue.
Evening star., 1962-09-14
Missile Sites, Inc.
Declares Dividend

The directors of Missile Sites,
Inc. of Wheaton, have de-
clared a dividend of S cents
per share, payable October Is
to holders of record October 2.
The company has a current
order backlog of more than $40
million in construction projects.
Evening star., 1962-09-14
American General
Gets Bethesda Office

American General Life In
Surance Co. has opened q re-
gional sales office in Bethesda.
with Paul M. Smith. jr., as
regional sales director. The
facility is at Room 224, 7720
Wisconsin avenue.
Mr.. Smith has been with
the company since 1857. He is
a graduate of Ohio State Uni
versity and Wharton School OF
Finance, and is q member OF
the national examinatio n
board for the Life Under
writer Training Council.
Evening star., 1962-09-14

COLOGNE, Germany. Sept
IA (AP).-The Ford Motor Co.
of Germany introduced a rev.
olutionary new car today which
it hopes will be a serious COM
petitor to the Volkswagen.
The new 12-M two-door five
scatter sedan is the first Ford
automobile with front wheel
drive. It will sell in Germany
for $3.50 marks ($1,332.50)
compared to the old model
which sold with the same ac-
cessories at $3.50 marks ($1,-
457.50).
Volkswagen, smaller and less
luxurious, sells for 1880 marks
($1,245).
50 HIP. Engine
The 12-M packs a 1,183 &C
ater-cooled VA engine which
develops so h.p., giving it a top
cruising speed of 125 kpb (78
mph).
The fuel consumption wa S
given as rs liters per 100 kilo-
meters, 31.4 miles per United
States gallon. The car has a
number of safety features in
cluding padded daShboards. 1t
comes ready equipped with an
chors for safety belts.
In order to reduce power
losses and save fuel the engine
has no fan. Instead the car
heater switches on through a
thermostat and the blower
cools the fluid, which contains
anti-freeze as a permanent in
gredient.
The car, which will be sold
throughout Europe. has a fully
synchronized four-speed trans
mission.
Ford Germany's general
Evening star., 1962-09-14

Eastern Air Lines and Pan
American World Airways,
which said their traffic would
be diverted by the "unreason-
ably low" rates. Under one
plan a one-way fare would have
been $49 and under another
S5O.50.
Evening star., 1962-09-14
New Paint Stores

The Metropolitan Paint
Stores will open their 18th out
let Monday at 1882 Wisconsin
avenue, Bethesda, with War
rem Brady as manager. The
14th store will open next week
in Fredericksburg, Va. with
Grover c. Atkins as manager.
Evening star., 1962-09-14
Special Report Due
Next Week on Plans
To LiberoIize Bonkinq
BY TRUMAN TEMPLE
Star staff Writer

Controller of the Currency James j. Saxon will make
Thursday major report embracing the whole
spectrum of national banking activities
product of 10 months of research and suggestions
from $500 national banks under his Jurisdiction the study
will offer recommendations to help make banking
Evening star., 1962-09-14
OVER COUNTER

Following prices furnished by the Ma
tionaI Association of Securities Dealers
in washington represent the range within
which locally active securities could have
beeIl bought or sold at ! pm. Friday,
Seufen1her "a, 1852:
Evening star., 1962-09-14
TREASURY BONDS

NEW YORK (AP)-Noon over the coun-
ter u. S. Government Treasury bonds,
Evening star., 1962-09-14

completely hartop three station been
1863 This the 500 Sports
interval of $4,000 miles,
fabrication time 6OOO They display September 2S
Evening star., 1962-09-14

Partially tax exempt.
wi When issued.
Evening star., 1962-12-14

Portugal, and South Africa to
refuse to handle bootleg Ka-
tanga minerals. British Rho
desia and Portuguese Angola,
bordering on Katanga, provide
major export routes for the
ores. South Africa is a Sec
ondary route.
If these countries refuse to
cooperate in clamping an en-
barge on Katanga-and except
for Belfium, there is every ex-
pectation they will refuse the
U. N. then may set up road and
rail blocks at the frontiers,
physically barring exports,
sources say.
Mr.. Thant met with his 10
nation Congo advisory commit
tee Thursday to inform them
of the Tshombe offer and the
embargo moves.
The embargo letters went
out Wednesday and yesterday;
the Tshombe letter arrived yes
terday. Mr.. Thant commented
dryly that the two things
might not be unrelated.
U. N. Prepares for War
Diplomats take it for granted
that Mr.. Tshombe is trying to
fend off or delay economic
sanctionS-or at least throw
the U. N. off balance-by a new
gesture of apparent concilia-
ton. Mr.. Thant's comment
on the Tshombe letter in the
closed-door advisory committee
meeting was this:
"On first look it would ap-
pear to be an encouraging de-
velopment. You will readily
understand, however, tina in
view Of our past experiences
with Mr.. Tshombe, we are not
jumping to any hasty conclu-
Sions.
I'VE are studying it very
Evening star., 1962-12-14

1eIdry Genefal u Tnant.
Mr.. Thant's response was, in
effect, We'll consider it-but
meantime, full speed ahead
with economic sanctions"
Mr.. Tshombe's letter is Of
ficially secret, but its key point
Is an offer to turn over to a
central government bank all net
earnings Of the rich Katanga
mining companies on condition
that Katanga get back at least
$5,000,000 a month.
Has Been Getting Less
Mr.. Tshombe has been get
ting roughly SO million a month
In taxes from the Union
Miniere, the principal mining
company. He thus is proposing
in effect that the company in
crease the royalties it has been
paying him and also, in addi-
tion, pay the central govern
ment most Of the rest. The
company would, in effect, be
nationalized.
Central government Premier
Cyrille Adoula is being con-
suited on the plan.
Pending further Qualification
there were many "ifs" and
butts" attached l. the U. N.
says It is going ahead with an
economic breakdown on Mr..
Tshombe.
Most Due to Refuse
Mr.. Adoula has appealed to
II countries which are major
customers for Katangese copper
and cobalt to halt all purchases
OF minerals on which customs
duties have not been paid to
the central government.
Mr.. Thant has reinforced
this appeal with parallel let
ters to the II.
The secretary general has
also asked Belgium, Britain,
Evening star., 1962-12-14

carefully and have asked Mr..
Gardiner to get Prime Minis.
ter Adoula's reaction to It,"
Meanwhile, he said, the o. N
is going ahead" with carefully
selected non-military pressures
on Mr.. Tshombe, He promised
to make "every effort" to
avoid armed conflict
IF. however, Mr.. Tshombe
should elect to order his gen.
darmerie (army) to attack u.s."
Mr.. Thant added, I'VE will de-
fend ourselves fully and hit
back to the full extent of our
capacity"
U. N. troops. he said, are
"alerted and are being prepared
for any such eventuality."
Evening star., 1962-12-14

posed a prison term Of one TO
three years on James w. May
field. As, of the 14OO block Of
Florida avenue NV. Mayfield
pleaded guilty to a charge of
attempted abortion. In connec-
ton with the same case, Judge
Holtzoff last week placed Walter
". velk, 6S. of the 200 block of
Hillyer place NV, on proba-
tion for five years.
Evening star., 1962-12-14
4 Found Guilty
In Dope Trial
Given Sentences

District Court Judge Burnita
S. Matthews yesterday SEN
fenced four persons to prison
terms ranging up to 70 years
for narcotics violations.
Each had been named in a
22-count indictment last April
charging possession, sale and
concealment Of drugs. They
were tried together in october.
Sentenced yesterday were
Evening star., 1962-12-14

Charles Matthews. Al, Of the
1900 block Of Hillside road Sc.
IL years; Norman Pannell. 80.
OF the TOO block Of Twenty
fourth street NE. five years:
valeria Pannell. of the same
address. five years; and Doris
Gardiner, S6. Of no known ad-
dress, 10 years.
In other sentencing yesterday.
Judge Alexander Holtzoff i'm