davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10
KennedyGet:
Bill to Speed
SEC'sWork
By the Associated Press

The House passed q bin yes
terday aimed at streamiinine
the operations Of the securi-
ties and Exchange Commission
along the lines Of q presiden.
tial reorganization plan that
was defeated in the Senate last
year.
The bill, passed by voice vote
now goes to the President fol-
signature. It allows the COM
mission to delegate some Of Its
decision making to individual
commissioners, examiners OF
other SEC employees. subject to
appeal to the full commission
by the parties affected In Ger
tain cases.
President Kennedy presented
q similar reorganization plan
under his own authority last
year. 1t was approved by the
House but rejected in the Sen
ate on grounds the delegation
powers provided were too broad.
A bill then was prepared
meeting the Senate objections
as well as those Of the New
York Stock Exchange, which
opposed the original plan. No
one opposed the bill passed yes
terday.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10
National Banks
ChangePoIicy
0flnVestmenfs
By the Associated Press

National banks made signifi-
cant changes in their invest
ments in the first half Of 1862
in order to finance higher in
terest rates offered on savings
deposits.
This was disclosed by Con-
troller Of the Currency James
j. Saxon, who made public
limited tabulations Of condi-
ton. statements submitted by
the banks on June 80.
Mr.. Saxon said there were
increases in all categories of
real estate lending, which offers
higher yields than many other
investment media. Loans Sc
cured by farm lands increased
by nearly Is per cent from last
December 80 while conventional
mortgage loans increased by
nearly 8 per cent.
Mr.. Saxon's report gave only
percentage changes. It did not
include any other figures.
Banks also increased holdings
Of municipal securities by 1T
per cent. To do this, they drew
on cash balances and liquidated
6 per cent Of their investment
in Government securities.
The controllers report
showed that total deposits of
national banks declined by IL
per cent during the six months
while total resources dipped
nearly as much.
While demand deposits
dropped by 7.8 per cent, total
time deposits increased 1877 per
cent.
On January l, the banks
were authorized to increase
rates offered on time deposits.
A maximum rate of 4 per cent
was fixed for savings left on
deposit for one year, compared
with the old ceiling of 31a per
cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10
Suburban Trust
Names Inscoe to
Head New Branch

Garrett D. Inscoe, assistant
vice president. has been named
manager of the new Rockville
office Of Suburban Trust Co.
which will open shortly.
Mr.. 1nScoe has been with the
bank since May. 1850, in the
Silver Spring office. He be-
came assistant treasurer in
1857 and assistant vice presi-
dent last January. He is a
native of the Glenmont section
Of Montgomery County, a vet
eran Of the Marine Corps and
a resident of Silver Spring.
He is active in the Colesville
Lions Club. past deputy district
governor of Lions international,
director of the Montgomery
County Health and Welfare
Council, director Of the Mont
gomery County Chapter Of the
American Red Cross and treas
urer of the Silver Spring Board
of Trade. He has enrolled in
the Stonier Graduate School
of Banking at Rutgers Uni
versity.
His appointment was an
nounced today by Board Chair
man T. Howard Duekett and
President j. Robert Sherwood
of Suburban Trust. The Rock
vile unit will be Suburban's
30th branch.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10

dreds Of millions Of dollars OF
surplus tools now in Federal
warehouses. These are availa-
bic to other Federal, State and
local agencies and to public
schools. colleges and other in
situations.
Standby Needs Ended
The Today concept Of a nu-
clear war has laid emphasis on
weapons in being and has made
obsolete the need for standby
plants and equipment. The dis
tribution and sales of this sur
plus is being handled in a man.
ner so as not to disturb the
machine tool industry.
One Of the largest Of these
standby arsenals is in South
Chicago where the Ford Motor
Co. was given the contract for
an alternate J-57 and J-75 jet
engine factory. Under the re-
gime of former Secretary
Charles Wilson. more than $500
million was spent in tooling
this plant. Only two small pro-
duction runs were made.
A study group appointed by
Mr.. Mcnamara recommended
that unified buying of machine
tools be assigned to the new
Defense Supply Agency which
handles dependable C o m m o n
use items, such as food, cloth
ing, parts. medical supplies and
office supplies. However, the
three armed services, stating
that machine tools were in a
different category, asked that
their functions be transferred
gradually from the Navy Bu-
reaus, the Army arsenals and
the Air Force bases and be
placed under a production
management unit.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10
MUTUAL FUNDS

NEW YORK (AP) Bid Ask
National AssOcia- Canad 5.2l 5.63
ton Securities Deal Inv Resch 1921 liz
ers, Inc. lstel Ed 30U 81 80
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10
Potent Suit Settled
By Admiral and Seurs

CHICAGO, Aug. 10 (AP).-
A patent infringement suit filed
by Admiral Corp. against Sears
Roebuck & Co. has been settled
out Of court, an Admiral
spokesman announced yester-
day.
James T. Barr. Admiral pat
ent counsel, said the agreement
included q cash settlement and
the issuance Of licenses to two
Sears subsidiaries. The amount
Of the cash settlement was not
disclosed. 3d..
The original complaint was
filed May l in the United States
District Court in San Francisco,
Calf. The complaint covered
alleged patent infringements on
mechanisms which regulate au-
tomato changing of records on
monographs.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10

Will also cOnCrOl the IS DllllOr
worth Of machine tools now be-
ing used by the armed services
Mr.. Mcnamara, who is per-
sonally knowledgeable of mod
ern production methods, is ex-
pected to give emphasis to au-
donation and new processes
needed to fabricate the new
exotic space age metals for our
new weapons. These light, heat
resistant and very hard metals
cannot be handled by ordinary
machine tools.
The new metals being devel-
oped include titanium. berylli-
UNI, tantalum, niobium, molyb-
denum and chromium. New
processes now being studied to
handle these metals include ex-
ploSive forming ultrasonics,
electric erosion, ultra spe e d
grinding. radial draw forming
and chemical milling.
Production Costs Cut
Considerable savings in
manufacturing costs have been
made by some of these proc
eSseS. Convair makes such
claims in the explosive forming
methods they have developed.
Several firms are developing
the ultrasonic and high speed
grinding processes but they are
not yet practical for close toll
eranceS.
Many titanium, beryllium
and molybdenum parts for our
largest missiles and aircraft
are now formed by the Bath
process, a method of stretching
the metal in one direction and
COMPRISING it at right angles.
A mammoth radial draw
former is being installed by the
Air Force at the Convair plant
In Fort Worth, Texas. 1t will
be used to shape complete wing
sections of new all-steel air.
craft now being designed. 1t
will eliminate the enormous
cost of riveting required in
aluminium aircraft. 1t also will
eliminate thousands of en-
ploye jobs now being filled by
Rosie the Riveter."
The new unit that will han
die the unified machine tool
buying will distribute the hun
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10
Boston Common
Garage Appears
To Be in Trouble

BOSTON, Aug. 10 (AP)-A
report to bondholders says the
operation Of the $9.6 million
Boston Common underground
garage in its first ia months
was unsatisfactory, with rev.
enue below expectations and
costs materially higher than
projected.
The report. by John Nuveen
& Co., underwriters for the
project. says temporary finan-
cial assistance from the State,
beginning with the January /,
1864, interest payment seems
reasonable to avoid a default.
The State would be asked to
provide $4,000 Of the garages
$252, 900 interest payment fall
ing due on that date.
I'm our opinion" the report
says, at is in the best interest
Of the commonwealth to cor
rect the deficiencies in this sit
uation and make an early de-
cision to protect this agency Of
the commonwealth from de-
fault, and to declare the same
publicly. We plan to work to
this end"
Six men associated with the
garage are awaiting trial on
charges Of larceny and con-
spiracy in connection with its
construction. Some reports
have placed the amount in
volved as high as $500, 200.
A six-month audit for the
first half Of 1862 showed the
garage had gross revenues Of
$2S9,SS operating expenses of
$2l4,683 and net revenues of
SOS, 200 available for debt serv-
ice and reserves.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10
Company Purchased

INDIANAPOLIS Aug. 10
(AP).-Altamil Corp. yesterday
announced its purchase of
American Box Co., Cleveland
and its subsidiary, American
Wood Products Corp, Marion.
S. C.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-08-10
Pentogon to CentroIize
Machine Tool Buying
ALLEN M. SMYTHE
contributing Writer

Defense Secretary Mcnamara plans to unity all
tool buying that previously has been scattered throughout the
Pentagon.
In the next few unit will placed-at least
temporarunder Assistant Secretary Thomas Morris
The frontiersman., 1962-05-24
Cub Scouts Plan Pinewood Derby

Cub Scouts of the Palmer area will have a special pro- gram at their May 25 pack meeting.
 Following the theme for the month, Cub Scouts have been busy building, with the help of their dads, pinewood racers which they will enter in Pine Wood Derby race at the pack meeting. Each Cub will run his racer for Den championship. When the winners have been determined, they will compete for the grand championship. Trophies will be awarded win ners of this father-son project.
 The pack meeting will be held at 7::30 pm. in Swanson School and ali Cubs, their fam lilies, and friends are invited to attend. During the meeting there will be an announcement made regarding the annual father-son camp out which is slated for this coming season.
The frontiersman., 1962-05-24
HOMEMAKERS
 NEWS
Colddusters

The Golddusters Homemak- CTS Club met May g at { h e home of Helen Weddings. Wan da Wilson and Ruth Hodgson led an interesting program on entertaining and etiquette. Ideas on proper etiquette for variou occasions provoked some lively discussions. The meeting was followed by our annual auction. Members went home with some good "buys" and the club was richer by some SAY.
 Our members are caring for the hospital flower beds again this year and work party was scheduled for May g when we will plant annuals. A work sheet was filled in with mem bers to take turns watering and wedding throughout | h c summer.
 Our next meeting will be June 13 at the home of Betty Crowther. Wanda Wilson, our representative to Short Course, will present highlights of this years program. Glenny Nor genson, Alaska Council mem Der, will also attend the Short Course at Fairbanks.
The frontiersman., 1962-05-24
SERVICE STATION
 CHANCES HANDS

The Pioneer Texaco Service, located at the foot of Bailey Hill on the Glenn highway, has been taken over by Bill Whit field, it was announced this week. The station was former ly operated by Russ Lancaster.
 Whitfield said the station will be open Monday through Saturday from ' am. until II pm. and from g am. to 9 pm. on Sundays. Services offered will include tune-ups and min or repairs and the sale of tires, tubes, batteries, and other items.
The frontiersman., 1962-05-24

Canada and on the West coast.
 
 MT. and Mrs. Al Hjeilen, Pete and Ida, will visit in Washing ton and California. Mrs. Hiel- len hopes to attend school in California.
 Patricia Noonan will leave next week via the highway for California to visit family and attend summer school. Pat says she also has a date with the California sunshine. Busy sum mer.
 Janeil Browne Roberts has completed her senior year at East Anchorage High School and spent four days of her sen for week in Wasilla, visiting family and friends.
 
 MT. Chester E. Peterson, superintendent of Wasilla schools, will be teaching for the University of Alaska at the university's summer session. Glasses will be conducted at the Fort Richardson Education Center. MT. Peterson will be teaching Education 425, Public School Finance and Economies 121, and Principles of Econom- ics, l. Mrs. Chester Peterson, principal of Woodland Park School, in Anchorage. will teach two courses at the Edu- cation Center. They are Langu- age Arts and Curriculum De- velopment. Registration is open until May 28.
 Neil Browne and Judy Berg man left Wasilla shortly after the close of school last Thurs day, boarded a Northwest jet for Seattle and the Worlds Fair. Grandparents, MT and Mrs. C. L. CadWaller met them iii Seattle and following two days at the fair, left for Wamic, Oregon to attend the yearly All-Indian Rodeo. Judy will do some visiting in Oregon and Washington this summer and Neil will drive back to Wasilla about the first of June.
The frontiersman., 1962-05-24
" a SiIGa News Notes
By Jane Browne

MT. and Mrs. Willard "Bilr' Lamber and family are visiting Tn Wasilla this week. The Lam oerts are former residents. Bill taught in the high school and coached for three years. Mrs. Lamber was active n the V-F.W. Auxiliary. They are currently living in Fairbanks.
 MT. and Mrs. Eugene Cogh- Ian, daughters Kathy and Bon me, leave Saturday for Fair banks and the University for graduation ceremonies. Gerald Skip" Coghlan graduates next Sunday with a degree in civil engineering. He plans to work out of Fairbanks this summer and future plans include the U. s. Navy.
 Miss Louise Potter, former teacher, is on her way, via the highway, from Vermont to spend another year in Wasilla. Miss Potter is due in about June 1.
 
 Summer vacation has started for teachers and several are al ready on their way to the South 48. MT. and Mrs. Orlando By CTS will visit in South Dakota for several weeks.
  MT. and Mrs. R. Borden will spend the summer visiting in
The frontiersman., 1962-05-24

Canada and on the West coast.
The frontiersman., 1962-05-24

MT. and Mrs. R. Borden will spend the summer visiting in
The frontiersman., 1962-05-24

 MT. and Mrs. Al Hjellen, Pete and Ida, will visit in Washing ton and California. Mrs. Hiel- len hopes to attend school in California.
Evening star., 1962-09-30
Drivers License
Trups Bethesda
Burglar Suspect

A 2z-year-old man is In pb-
Ice custody today after his
drivers license was found out-
side 3 burglarized home Ia
Bethesda, Md, police reported.
Thomas P. strother, Of the
200 block Of Emerson street
NV, was arrested Friday night
at his home by district police
after Montgomery county DE-
tectives obtained 8 warrant Tor
him when they found the drf-
er's license near q home at
470e Bradley boulevard that
had been looted.
He was charged by county
police with being a fugitive
from justice and for having. q
concealed and deadly weapbn
after q search Of his car turned
up q nickel-plated revolver. pb-
lice said.
Detective Morton j. Walker,
at No. 6 precinct, said the man
also was charged with house
breaking of Q. home at 4S09
Fourth street NV, last Feb
ruary. Two guns were taken in
that breakin.
Evening star., 1962-09-30
Mr.. America '62
Is Mr.. Universe

LONDON, Sept. 20 (AP) -
Joe Abbenda, Mr.. America,
1852, today won the title Of Mr..
Universe in q muscle-proud
display in q London theater.
Abbenda, who lives in Long
Island City, N. T., was ad-
judged the winner in q contest
with 56 competitors from all
parts Of the world.
Beaming as he received con-
gratulations from friends and
opponents, Abbenda, 3 23-year-
old mass Of muscle. said:
'I'm very happy. this may
not mean much to many peo-
pie, but to me it Is the culnni-
nation Of all my efforts for thG
last eight years. It Is an honor
you know, that very few others
have"
During Abbenda's display Of
body building he was accorded
long applause, shouts, and
whistles from the crowded
theater. Even his opponents
applauded as he finished.
Evening star., 1962-09-30

the University grounds by the
Lieutenant Governor, Paul
Johnson"
A deputy Federal marshal.
Harry E. Lowe Of Washington.
told Of efforts to serve papers
on Mr.. johnson. He said he
finally stuck the summons in
the screen door Of Mr.. John
sons home at Hattiesburg af-.
ter Mr.. Johnson's wife refused
I oaccept it.
He also testified that he tried
to serve MIR. Johnson with the
papers at the Lieutenant Gov
ernor's office in jackson. But
he said one Of seven uniformed
men who met him in the State
office Building told him he
would be arrested for littering
II he left the papers on the
floor in front Of Mr.. Johnson's
office.
At this point. Judge John r.
Brown of Houston, Tex, asked
whether It was normal pro-
cedure for q Federal officer to
obey such an order.
Mr.. Lowe said: Il was In
structed not to get arrested"
Along with Judge Brown,
judges sitting in on the john
son hearing were John Minor
Wisdom Of New Orleans and
Richard 7. Rives Of Montgom-
cry. Ala.
John Satterfield Of Yazoc
City. Miss, a former president
of the American Bar Associa-
ton, asked permission for him.
self and other Mississippi at
torneys to sit in as friends Of
the court - representing this
State Of Mississippi. not Mr.
johnson.
AS it did with q similar re-.
quest in the Barnett hearing
the court turned them down.
Mr.. Satterfield then tried Il
ask the court to dissolve it
sweeping restraining order o.
last Tuesday prohibiting Gov
Barnett and q large number 81
Mississippi officials from inter
l Ifering with Mr.. Meredith's at
tempts to enroll.
1t was this order of the couri
that the Justice Department
accused Gov. Barnett and Mr.
johnson Of ignoring in con
tempt.
Again, as it did in the Bar,
NETT hearing, the court refused
But at the close of the hear
ing the court set 1880 pm
\ Monday to hear the State O.
Mississippi's motion to dissolve
j the restraining order.
Evening star., 1962-09-30
OXFORD
MorshoIs, Troopers
Not in Evidence

ministers who sent a telegram
to Gov. Barnett this week CALI
ing upon him to protect the
accreditation Of the university
and to uphold the good name
and dignity Of the university"
in the face Of what the minis
ters said was q threat Of an
archy.
Pastors Of the First Baptist
and the Oxford Methodist
Churches. the largest in oxford,
declined to Join in the tele-
gram to the Governor.
While the struggle continued
away from the university cam.
pus, students who remained
here looked on the tug-of-wal
with q young persons humor
One student cracked that the
university next year viii offei
q new course called Civil
war H."
Evening star., 1962-09-30

what kind Of country can
we have II the Law Of the
United States Is not good?" he
asked in an interview this week.
Every State might disagree
with some court decision, and
we'd have another war like the
one we had 100 years ago. We
can't let personal likes or dis
likes justify an injustice"
Flies Two Flags
Then, in explanation Of his
position, he adds:
II fly two flags cat his home)
-one Is the United States flag.
the other Is Texas. But the
United States flag is on top"
Mr.. Garner, whose birthday
Is November 20. points out that
his public career spanned some
of the Nations troublous times
But he thinks this country
and the world now are In the
most chaotic period Of his
lifetime.
There are more wars in prog
ress, he says-rnanyN Of them
pitting men against their own
countrymen-as our Civil War
did.
He sees no way to reconcile
Evening star., 1962-09-30

the Communist theory Of state
ownership Of land with our own
idea Of individual property
rights. Russia and Cuba have
identical views on that score.
he said. and there can be no
compromise.
without commenting directly
on the Monroe Doctrine debate
about Cuba, the former Vice
President points out that Rus
sia Is aiding Cuba but that the
United States has aided coun-
tries, too.
Resumes Cigars
Mr.. Garner has gone back TO
smoking the cigars he gave ur
more than two years ago. I've
quit several times" he says.
But he still Is obeying his own
medical orders to stay off whis-
KY and beefsteak.
He has been his own doctor
most Of his life. he says. and
never puts things in his stom-
ach when he thinks they are
harmful. He has felt better
since quitting whisky and steak
Evening star., 1962-09-30
OXFORD
CONTINUED From Page a

C0ntlnueu FROM Ed8e A-A
jackson and had visited Gov.
Barnett to offer to bring 10000
peace marchers" from Louisi-
ana to help Mississippi in its
opposition to integration IL he
could be assured Of proper
leadership.
From what Mr.. Rainach
said, Gov. Barnett and Col.
T. B. Birdsong, State safety
commissioner, did not Jump at
the proposal. While not re-
| fusing it, according to the
Louisianan, the Governor and
Col. Birdsong pointed out that
such a group If not under
complete discipline might In
terfere with pre-arrange d
plans.
Mr.. Rainach drove off with
a companion, who was de-
feated for Governor, saying.
''I'm out Of politics now, but !
might return"
In the beguiling serenity Of
the week end here q father
whose son is attending the
university visited the campus
this morning and expressed q
concern that many share.
They should move the bait
tleground from this university. "
the father said. Some inno-
cent student may get hurt"
The father, an alumnus OF
the university, asked that his
name not be used. This. too,
reflected an attitude common
Ito many who are reluctant to
find themselves involved per-
sonally in the bitterness which
has marked the integration
battle.
Few Oppose Barnett
Only a few have spoken out
against Gov. Barnett's charte6
course.
One of these is the Rev. d
M. Gray, rector of ST. Peters
Episcopal Church here.
The 36-year-old minister. 9
native Mississippian, ha
preached on the pulpit and Of
that It is morally as well 81
legally wrong to deny the Ne
lgro student admission to thu
university.
II preached the last twt
Sundays on this and I guess
viii preach on 1t again tomor'
row." Mr.. Gray said during al
interview in his book = hnes
study.
Mr.. Gray said he though
that many people shared hi
view that it was morally wronl
to deny Mr.. Meredith admis
sion to the university. HI
acknowledged, however, tina
the reasons given by others ar
based ION these grounds:
/. A desire to protect tn
university which is faced will
the threat of losing its &C
creditation and the possibilit'
that Gov. Barnett might orde
it closed as a last effort to pre-
vent the enrolling Of the Negrt
!. student.
i 2. The obligation to compl.
with orders of Federal court
that have been issued in tn
case.
Mr.. Gray was one Of sevel
Evening star., 1962-09-30
Walker Reported
Beside Burnett

DALLAS, Tex, Sept. 2o (AP).
Former Mai. Gen. Edwin A.
Walker, who has called for q
crusade against the use Of any
troops In Mississippi, is re-
ported to be in Mississippi with
Gov. Ross Barnett.
A statement released by Mr..
Walkers office tonight said, II
am in Afississippi-beside Gov,
Ross Barnett.
Il called for a national pro-
test against the conspiracy
from Within" he said.
The statement continued:
Rally to the cause Of freedom
In righteous indignation, vio-
lent vocal protests and bitter
silence under the flag Of Mis-
sissippi at the use Of Federal
troops"