davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22

A rare man bites dog" in
cident occurred recently when
Senator Byrd, the Virginia
Democrat who heads the Sen
ate Finance Committee, teamed
up with Senate liberals to at
tack the Treasury debt man
agement technique.
Senator Byrd called hear
ings to question and criticize
the advance refunding" oper-
ations the Treasury has been
carrying on since June, 1860.
Senator Byrd said these opera
tons have given holders of
Treasury securities "a windfall"
in extra interest on their in
vestments and this is adding
unnecessarily to the Govern
ment's expenses. AS he guild
ed the questioning of Treasury
Secretary Dillon, Senator Byrd
opened the way for other Sen
ators who are fully aware that
high interest rates" have been
and again will be political dy-
Mantle in elections to accuse
the Kennedy administration of
encouraging rising loan costs
and thereby hurting all borrow
erS.
Operation Is Explained
It was an astonishing per-
formance-and, to profession
ais in Wall Street and other
observers, the fact that Sena-
tor Byrd was doing this hard
ly seemed credible.
During the Eisenhower Ad-
ministration, when interest
rates reached a point where
the Treasury had to pay 4 to
5 per cent for loans, the mil
lions of investors who had
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
BUSINESS
BRIEFS
Business Loans in week ended

Business Loans in week ended
March IA rose $410 million at
Reserve member banks in lead
ing cities to $32,613,OOO 900,
higher than the year-ago figure
by 1887 Authenticated Re-
serve Board.
Home Heating Fuel Oil stocks
declined in week ended Friday
from 91,924.00O to 89,989, 900
barrels. Daily average gross
crude oil and lease condensate
production increased 68,10O
barrels to 7,334,510 VS.. 1858, 100
a year ago.-American Petro-
leum Institute.
Fire Losses for the first two
months of the year totaled
$249, 1896, 900 VS.. $233,858,O 900 for
the 1861 period. - National
Board of Fire Underwriters.
Primary aluminium produc-
ton in February of 1854 tons
was IL per cent higher than in
February, 1961.-Aluminum AS
ISOLATION.
Life Insurance Company In
vestments last year earned SIS
billion before taxes, up $40O
million over the 1860 total. A
APP per cent rate of return
highest in % years, was attri-
buted to a shift from Govern
ment bonds to mortgage and
business investments. - Insti-
tute of Life Insurance.
Earnings
Universal Marion (correction)
net income for 1861 was $l,875,-
SAB or IS cents a share VS.
$4,628,302 or $2.O4 a share in
1860.
The Southern Co. in IL
months ended Feb. % earned
SAG, 627,778 or $2.01 a share VS..
$46,271,711 or $1.99 in preced-
ing period.
Delta Airlines in 8 months
ended Feb. % earned $685.
900 or 1926 a share VS.. $780,
900 or $1.95 in 1960-61 period.
American PhOt0cOpy Equip
ment in quarter ended Feb. %
earned $1,218,033 or Is cents a
share VS.. 81, 200,284 or Is cents
in year previous quarter.
HallicrafterS in 6 months
ended Feb. % earned $S42, 1000
or IS cents a share VS.. $728, 900
or 80 cents in 1960-61 period.
Kansas City Southern Rwy.
in 2 months ended Feb. %
earned $1,381,776 or $1.23 a
share VS.. $1,230,748 or $1.O8 in
1861 period.
J. w. Mays in 6 months
ended Jan. 81 earned $1,009,-
1886 or $1.10 a share VS.. 81, 045,-
281 or $1.14 in 1960-61 period.
MuntZ TV in 6 months end
ed Feb. % earned $6OO,889 or
43 cents a share VS.. $4O4 1886 or
20 cents in 1960-61 period.
ABC Vending in So weeks
ended December 81 earned
$2,644,108 or $1.02 a share VS..
$2,513,988 or 81 in So weeks
ended December Is, 1860.
Other earnings included:
For Year Ended December 81
1851 1850
Lock-Joint Pipe. s4,ll3,49o $500, 24i
Per share 2.25 , ms
Pittsburgh Steel Qoss) 73s, 236 l,o26, AS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22

1882. 1885, 900 on March IA
compared with $780, 72,00O, O
week earlier and $3O7 .00T, GOO
on December 81, just before
the banks started paying higher
rates January /.
Demand deposits totaled
1896, 1901 900 on March IA, COM
pared with $886,257, 900 a week
earlier and $911,722,00O on De-
cember 81.
Gross loans of the three
banks aggregated $614,853,oOO
on March IA, compared with
$615,7l7,000 a week. earlier and
$634,878,000 on December 81.
Commercial industrial loans
amounted to $15O,711,000 VS..
150,964, 900 a week earlier and
$153, 135 900 on December 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
FINANCIAL GENERAL GROUP MEETS

Executives of banks affiliated with Financial
their semiannua meeting Florida
George Omstead and Arthur president
parent A. Scott Ofutt
ona Of Washington and Warren H. Lahe president
National Silver Spring. third Mount
gent and Harold Brown president of Shenandoah
National Winchester
Clarendon Trust Lnwood Harre president Union Trust
Rdgely president
ley, president of National Bank of HarrisOnburg Va
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
Time Deposits Climb
Further in Capitals
Three Leading Banks
THE EVENING STAR
Washington, D. {.
Thursday, March n, 1862
BY DONALD b. HADLEY
Star Financial Editor

Rejecting the attraction of higher interest rates on savings
accounts time deposits of Wasngtons three largest banks
continued to increase in the week H. data from
the Federal Reserve Bank of Richmond showed today
The total for the Riggs National Bank Security
Trust Co. and the National Bank of Washington was
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
OVER COUNTER

Following prices furnished by the Ma.
in Washington represent the range within
which locally active securities could have
been bought or sold at pm. Thurs
day, March ~. F''' N-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22

clared the usual quarterly divi-
dend of 371a cents a share,
President Barnum L. Cotton
announced.
The dividend will be paid
April 2 to stockholders of rec
ord at the close on March 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-03-22
Dividend Declared
By NBW Directors

The directors of National
Bank of Washington Aave de-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12

revenue law reforms and the
closing Of what the Treasury
calls loopholes.
Congressional sources have
heard that the Treasury has
some ideas in the latter field
which are certain to cause con-
troversy among the legislators.
One tentative proposal calls
for a thorough overhauling of
deductions for donations. There
have been reports the admin
istration would like to pare
down deductions for club dues
and for gifts to educational
foundations. 'ta'
There has been talk also of
an attempt to require the re-
tention Of any stock invest
ment for a year, instead Of the
present six months, before the
capital gains tax would become
applicable. This would bring
higher personal income tax
rates into operation on profit
taking before the year had run
Another tentative proposal
would apply the capital gains
levy, as well as estate taxes
to investments which had sap-
preciated at the time Of death,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12
Army to Admit
Cuban Volunteers
Up to Age 80

The United States Army has
expanded its program for TAX
ing Cuban nationals into its
service by increasing the tor
age limit to 80 years.
The original program, an
nounced earlier this year, fixed
the maximum age for the vol.
unteers at rs years. Minimum
age is IS.
About 100 Cuban nationals
have entered training since the
program was started last Sep
TENDER.
The program has a two-fold
purpose: To assist Cuban refu-
gees who have fled the Com
munist regime and who need
some way to maintain them
selves in the United States; to
further develop their skills
and abilities by service in the
Army"
After % weeks Of basic anC
advanced training under Span.
ish-speaking instructors at For
Knox, KY, the volunteers eithe,
can remain on active duty TO
the rest Of a two-year dut.
tour or be assigned to the Arm!
reserve.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12
Mrs. Mitchell Palmer
Says She Needs Job

Mrs. Palmer, a resident of
The Towers Apartments at 1901
Cathedral avenue NV, said
she must find new employment
also to avoid being evicted.
Mrs. Palmer, SO. has been
notified that she will lose her
job with the House Small Bust
ness Committee at the end OF
the year. She has been on
the committees payroll since
1858, but has been assigned to
the Speakers Office.
Mr.. Palmer said the late
Speaker of the House Sam Ray
burn gave her the Capitol Hill
job in 1858.
Representative Patman, Dem
.ocrat of Texas, told her the
job would be terminated at the
end of May, 1862, Mrs. Palmer
said.
But, some of my friends
went to him and he said he
would keep me on until De-
cember 81" she continued.
II have to get an appoint
ment with the House or Sen.
ate which will last at least
until August /, 1868. to save
my retirement" Mrs. Palmer
said.
Mrs. Palmer said she mus
repay $500 to her retirement
fund before she will be eligible
for benefits when she retires
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12
LOST


ACCORDION Excslsior), brown, ease
REWARD. CAL 53s-6ii0.
AUTO. PHON0GRAFH, RcA, plays up
TO is records; black body. chrome
sR Riiai fRsA P2s.sis4. from car. MIR
BRIEF CASE, black, plastic, oontain-
Ing printing material on higher edu-
CATION and eorrespondenee. with Case.
FINDER please call CO. 1924.
COAL CHUTE, automatic, lost between
Nile 3D., Alex; S25 reward. Please
c eSasis CO.. SsH 4oo st. S ne. GRACE
DIAMOND RING, lost Dec. 10, Cap
4sSl dnsa co. Srr7s6ess.l Orama Circle;
DOG, mixed breed, brown and white;
avs. G q T nf pas S sse U lO4Oo'
q name mi q s'DuEsS:' VIC. HisRiHnd
School, Whenton; wearing collar and
tags; reward. VIII. 2-0l27.
DOG, German shepherd, black and
brown. ans: % name q shela' lost
vic; OF Lee hwy. ana Ceoarest rd;'
4.sbs0. Mr.. KooPMAN.
DOG, boxer, bodied tail female, brown,
pl.. reward. AID. 2-6292.
DOG, small, tan and white. part col
lie: vic. Bucknell Manor. Alex. Sat-,
Dec. 9. 76s-216z after 4:3Q.
GOLD PIN, sapphire and ruby set
ting; We. Linnean ave, SIT x1th
st. n.w8 reward IN S-oeo8.
KEYs, On chain. VIC, 81 The Faill
Church, Pals. Church. Va. Reward
JE. 3-l34b.
WRIST WATCH, lady's, Buloya: brace
let; initials q. =. z; reward. Is
= st. INV.
FOUND z -
cAT, siamese, male. 702z1A 81 sz530,
rUPPx, German Shepherd. male,
found In vic, Of zoos Oakwood st.,
Annandale. Va. Please contact MAJ.
a. WALLACE ct the above address.
Published Dail9 ana sunday
AZ WashtnRton, D.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12
Fight for SkyboIt
Vowed by Stennis

MEMPHIS, Tenn, Dec. IL
(AP).-The ranking member Of
the Armed Services Committee.
Senator Stennis. Democrat of
Mississippi, said yesterday he
will fight for continued de-
velopment Of the Skybolt, an
battle-ground missile.
I'VE had been led to believe
that it would be operational,
and I'm opposed Ito dropping
the program) If it's a question
Of money or priority" said
Senator Stennis. IF it Is not
scientifically feasible, that's q
different story"
The Senator's comment came
after Secretary of Defenst
Mcnamara met in London with
British officials, who are re-
ported upset by reports TIL
United States is abandoning
development Of the missile.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12
Byrd Doubts 1868 Tax Cut
Without Reduced Spending

ator Byrd's committee, said
yesterday there should be no
tax cuts unless there are &C
companying savings in ex-
penditures. This was the posi-
ton taken by members of the
Republican National Commit
tee at a meeting here last
week.
Senator Harrison A. Will
lams, Democrat of New Jersey,
a staunch administration sup
porter, questioned today
whether spending stimulated
by the proposed tax cut would
actually get at the heart of
the unemployment problem"
williams for Spending
Senator williams said in a
speech prepared for the Ma
tional Association Of Home
builders in Chicago that addi-
tional spending is needed to
boost economic growth. He
said he can't understand the
reasoning of those who want
to cut expenditures to match
any tax reduction.
Senator Byrd expects to ex-
pand on his opposition to i'm
mediate tax reductions in a
speech tomorrow night to the
National Industrial Conference
Board in New York. Mr.. Ken
needy will have an opportunity
to detail his views on the issue
before the Economic Club Of
New York the next night.
Mr.. Mills indicated his COM
mittee, which originate revenue
legislation, will consider q single
package bill in which tax re-
duction would be linked with
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12
BY JACK BELL
Associated Press staff Writer

Senator Harry F. Byrd,
Democrat Of Virginia, predicted
to-day Congress will turn down
President Kennedy's proposed
1858 tax cut unless it is ac-
companied by a promised re-
duction in spending.
: Senator Byrd, who heads the
Senate Finance Committee
said in. an interview he is
Opposed TO tax reductions out
of borrowed money"-an OBJ
jective he said the administers
ton has spelled out by con-
tending that spending cannot
be reduced at this time.
In this connection, the Vir-
Iginia Senator predicted that
the Federal deficit will rur
nearer $40 billion In the cur
rent fiscal year than the adj
ministration's most recent SIS.
billion estimate. 4
"If Congress could be as.
sured of q clear-cut reduction
In expenditures, ! believe Il
would vote a clear-cut rednc-
ton in taxes" Senator Byrd
said. But I don't believe Con-
gress is going to be so ire
sponsible as to reduce taxes In
the face Of a tremendous
deficit"
Agrees With Mills
Senator Byrd said he sup
ports the position Of Chairman
Mills, Democrat of Arkansas
of the House Ways and Means
COMMITTEE that there is nc
economic justification at this
time for reducing taxes effec-
tive January /, 1868, as Mr.
Kennedy has suggested.
Senator Carlson, Republican
Of Kansas. a member of Sen.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12
FOUND

CAT, siamess, male. 703 "a 1850
found In vie. Of 26Os Oakwood st.,
Annandale, Va. Please contact MAI.
a. WALLACE at the above address.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12
Year in a Day

QUITO, Ecuador (AP)-
They say that this capital city
lbs four seasons = all in the
same day. In the morning the
weather is springlike, in tn e
afternoon warm as summer,
the evenings like autumn and
the nights like winter.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-12

Mrs. A. Mitchell Palmer.
widow Of a former attorney
general and congressman, said
today she must find a new job
on Capitol Hill within the next
three weeks so she can protect
her Government pension rights.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-03
interviewer
Receptionist

| need q pleasant extrovert TO IN
ished ali girl" professional
agency. Prefer a girl 81 to 80 who
wants . challenge. She should
have two years office or sales
experience. No tipping. Call me for
appointment. BETTY GRAY, 2ll
Woodward Bldg. ST. 3-7l29
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-03
and
ASSISTANT MANAGER
MULTTLTTH OPERATOR for ia50V

sales openinS for ambitious self self.
starter sge 1885. Must be mar
rled, have good car and his. dbl.
or equivalent. II you are present
ly employed. but earning less than
$l26 per week. call Mr.. KIRSCH.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-03
PERSONNEL

Opportunity to develop mod
ern program for growing ma
tional trade association,
with over 100 employees in
washington. Minimum 3
years progressive experience
IN personnel or general Of
flee administration. 2 Of
these years with full re-
sponsibiiity for direction Of
personnel program. Included
are recruiting, secretarial
and some professional en-
ployeS. writing Job descrip-
tons, conducting eva1ua-
lions. administering apprais-
al program, maintaining
manuals, Degree In liberal
arts, social science or psy-
chology major desirable. De-
velop training program. labor
market surveys, purchase
supplies and equipment
along with other office
services. Address resume,
references and salary re-
euirements to Box 165-R,
oLdIs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-04-03

SHEET METAI-Precision eIec-
tronic, first and second class only
Complete fringe benefits, equal
opportunity employer. Call Mr..
C.R Humphrey. 4S1-2453.
APPLIED SCIENCE INDUSTRIES,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-07

was q director of a shelter firm
at the time the Legislature
passed the law.
Backed by Governor
The Assembly Committee on
Ethics. which has been in
vestigating the charge. ended
its public hearing yesterday
after listening to Gov. Rookie
Teller describe Mr.. Carlino as
a man who has been and is
serving our country faithfully
and we'll" and the States shell
ter program as vital to the
national security.
Assemblyman Mark Lane,
Democrat Of Manhattan, who
accused Mr., Carlino Of conflict
Of interest. said Gov. Rookie
Teller had not answered a basic
whether he favors
his legislative leader pushing q
bill through the legislature that
could benefit q firm with which
that leader has q financial re-
lationship."
The legislature passed at a
special session last November
9 a measure appropriating 500
million for State aid for con-
struction of shelters in elemen-
tary and high schools and
private colleges, as well as con-
struction Of shelters in the
States own buildings.
Gov. Rockefeller said Mr..
Carlino could not have known
about Gov. Rockefeller's fall
out shelter program in Decem-
Der 1860 because the program
had not even been conceived"
at that time.
The Governor assumed full
responsibility for originating
and drafting the shelter pro-
gram.
Repeal Demanded
Three Democrats now have
called upon the Legislature to
repeal the shelter law and con-
duct full-scale public hearings
into the question Of whether
the State should have q shelter
program.
1 The Democrats specific move
was a motion to discharge from
Republican-controlled commit
tee their repeal bills.
Such discharge motions, even
when backed by the full Demo-
cratic membership, have fallen
before a rigid, Republican ma
Jority policy against allowing
any such move to prevail.
The Ethics Committee ex-
poets to report on the Carlino
case within two weeks.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-07

program and Assembly Speaker
Joseph F. Carlino's role in it,
Every sign pointed to an
overwhelming vote Of conf
dence in both Gov. Rockefeller
and Mr.. Carlino, although three
Democrats called for what
would amount to q vote Of no
confidence.
The Republican speaker has
been accused of confl,ct Of
interests in connection with the
shelter legislation because he
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-07
Women Will Attend
Episcopal Sessions

BALTIMORE, Feb. 7 (AP)
The Episcopal Diocese Of
Maryland voted to allow womer
to participate as lay delegate;
in future conventions.
The 149-102 vote at the 178tt
annual Diocesan Convention
will not become final until ap.
proved at next years conven.
ton,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-07
In CAPT. KITS FABULOUS GIVEAVAY
RULES

I. Use the official entry blank Or put your name and
address on piece OF paper and mail to- Capt. Kits
Worth Its Weight In Gold Giveaway," o. Box SO, San
Francisco 1, California.
g. Each entry must be accompanied by two labels taken
from Capt. Kit Tuna Red Meat for Cats, or BY simply
printing the words Capt Kit (twies) on plain piece Of
paper. "
receive coupon good for two free cans Of Capt. Kit
Cat Food In addition, every entry will be eligible to win
the cash value Of the cats weight in gold Computed on
the Troy Standard Of Weights IL ounces to the pound
e. All winners will be determined by drawing under the
supervision Of Western Empire Company.
s. This promotion is void In Wisconsin Nebraska and In
any other state or locality where prohibited taxed or
restricted BY law Otherwise all residents Of the United
States may enter excepting employees Of Van Camp Sea
Food Company Its advertising agencies the judging COM
mittee and their relatives.
8. All entries must be postmarked before midnight,
March 81 1862, and must be received before April sth,
T. Grand Prize Winner will be advised BY Registered Mall
g. Name Of winner may be obtained upon written request
when accompanied BY selfaddTessed stamped envelope
g. Limit Of entres One per person. All usual domesti-
Gated long and short hair cats are eligible. GiVesWay IS
limited TO is pounds maximum (well above the average
weight Of American household domestcated easG your
cat exceeds this weight and wins he will be eligible 70
collect cash value maximum OF is pounds OF MS weight
in gold computed on the Troy Standard Of Weights U
ounces to the pound Estimate the weight OF your cal
accurately at time Of entry Capt Kilt contest Tepfesen
tatlVe will weigh the Winning cat again., and no moro
than z pound dffeFehtlal will be allowed
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-02-07
Albany Waits
Car|ino Test

ALBANY. N. Y. Feb. 8 (AP) i.
The Legislature was faced
today with a demand that 1t
take a stand on Gov. Nelson
A. Rockefeller's fallout shelter
Milford chronicle., 1962-03-16
Banneker School News

The Banneker JayHawks ended
their basketball season by edging
the Friedrich Douglas Junior High
School of SeafOrd, Delaware. They
defeated their stubborn foe by a
score of 43 to 40 This victory a.
venged an earlier defeat the Hawks
suffered at the hands of their
scrapping foe Drummond Of Doug
las was the high scorer with II
points. The Hawks high tally man
was Joseph Clark with II points.
Maynor Collins contributed Z
points and Anthony Vann Z points
also. This was the fifth victory of
the season for the Hawks against
4 defeats. The boys who turned in
superb performances for the sea-
son were Joseph Clark, Anthony
Vann, Gregory Showell, and Chas.
Hammond.
The Banneker Girls Team closed
out their season in victorious
manner also They trounced the
girls of Friedrich Douglas by a
score of 20 to 8. Betty Harris was
the high scorer for the Banneker
Lassies with 13 points. A Stratton
led the Douglas Girls in the scor-
ing column with 5 points. The girls
Milford chronicle., 1962-03-16
Boiling Speaker At
Democrat Dinner

Continued from page one)
liza, New Guinea, PHILIPPINES, n d
Japan. His last assignment was as
Assistant to General Macarthur S
Chief of Staff. He was awarded the
legion Merit and Bronze Star. He
is presently Lieutenant-COlonel
in the active reserve.
He has been engaged in the fol-
lowing professional activities; AS a
teacher and coach at Sewanee Mil
itary Academy, Veterans Adviser
and Director of Student Activities,
University of Kansas City
Mr.. Boiling has been a member
of Congress since the S1st Con-
gress. He is currently serving as
member of the Joint Economic
Committee, and on the House Com
mittee on Rules.
He is married and is the father
of four children.
Mrs. Pearl Townsend of Frank
ford has been named ticket chair
man. Tickets are $500 and may be
purchased from Mrs. Townsend or
any local Democrat Club president
Milford chronicle., 1962-03-16

R., Alvin Waible, Grand Master
and Staff will make their Official
Visitation, Monday night, March ~.
On this same date, candidates for
office will be nominated. The cleo
ton of officers will be Monday,
March 26, so you see the month of
March is full of business. Plans are
being made for a Friendship Din
ner, May 5, 1862.
{"
We had visitors last M o y
night from Good Samaritan Lodge
No. 9, Middletown, Delaware.
They presented the TRAVELLING
BIBLE to us. After keeping it for
awhile we then present it to Orien-
tai Lodge No. II, Newark.
GO
General Service Committee of
Odd Fellows and RebekahS of Dell
aware will hold the next regular
monthly meeting in the rooms of
Morning Star Lodge No. in Smyr-
ma, Saturday evening, March II,
1862, at 8 o'clock.