davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-12-17

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Evening star., 1962-05-29

mann's claim that he was a
mere cog in the Nazi murder
apparatus, saying:
''The appellant was not an
inferior official, but indeed q
high-even an exalted-author-
ity who held sway not only in
Germany, but far beyond its
confines.
He overshadowe6 all his as
sociates in his department, in
cluding his chiefs. for there was
no equal to the appellant in
fanatical devotion to the ma
chine designed to carry out the
horrible final solution"
Eichmann's defense counsel,
DR.. Robert Servatius. was ex-
pected to submit an appeal for
clemency to Israeli President
Izhak Ben-Zvi Immediately.
Justice Ministry officials said
a decision is not likely before
mid-June.
A certificate rejecting clem-
ency would constitute an exc
cution order. Eichmann prob
ably would be hanged soon
after, behind the grim sand
stone walls Of Ramleh Prison,
near Tel Ayiv.
The modernistic auditorium
in which Eichmann was tried
last year by 8 special three
Judge tribunal was again
packed with spectators. Rela-
tives Of many Of them were
Evening star., 1962-05-29
IsroeIi Supreme Court Denies
Eichmonn Pleo, Insists on Death

victims Of the Nazi slaughter
which befell the Jews.
Eichmann again sat in the
bulletproof glass cage as the
judgment was read in Hebrew
and translated into German,
English and French. Still wear
ing the dark suit and striped
tie he wore through his Az
month trial, Elchmann occa-
sionally pressed his lips to-
gether and Switched his mouth
as. one by one, every defense
he put up to escape the gallows
was rejected.
The Judgment began with a
brief review of the 15-count
Indictment charging Eichmann
with crimes against the jews
and against humanity. Then
III declared:
"The district court which
tried the appellant, convicted
and sentenced him dealt with
all categories Of the defense
arguments in an exhaustive
manner. We should say at once
that we fully concur, without
hesitation or reserve, in all its
conclusions and reasons. be-
cause they are fully supported
by substantial proof culled and
abstracted out Of the monu-
mental mass of evidence pro-
duced to the court. The con-
Iclusions of the district court
See EICHMANN, Page A-4
Evening star., 1962-05-29

Eichmann?" the high tribunal
demanded in confirming the
sentence imposed on the for
mer Gestapo officer by a lower
court last December.
The decision left Eichmann
only the slender chance Of ex-
ecutive clemency to escape the
gallows for his part in the Nazi
massacre of 6 million European
Jews. That process might take
another month.
The 56-year-old former chief
of the Gestapo's Jewish affairs
section betrayed emotion only
by keeping his hands tightly
clasped as Associate Justice
Simon Agranat read the five
member courts judgm ent,
which affirmed the death SEN
tence without hesitation or
reserve" He stared fixedly at
the judges.
The judgment rejected Eich-
Evening star., 1962-05-29
TOUCHE! YOU SOON MAY SIP
APERITIF AT SIDEWALK CAFE

Washngton's sidewalk cafe patrons probably will be
able to sip alcoholic drink before the end of the
summer.
ban against serving these drinks at the Parisian-
type cafes here lifted today by legal ruling from
the District Building
The Commissioners told that there would be
legal objection to giving sidewalk cafe operators who
hold liquor permits the right to alcoholic beverages
outside, well within
According to the opinion from Corporation Counsel
Chester H. Gray, the Alcoholic Beverage Control Board
has the right to prem this sale of drinks but it does
not have to grant this privilege to sidewalk cafe
operator.
Evening star., 1962-05-29
Tropical Storm Hits
Philippines; 5 Perish

MANILA, May 20 (AP). -
Tropical storm Iris headed for
Okinawa today after dealing
a glancing blow to the north
east coastal areas of Luzon,
the Philippines biggest island.
Five Filipinos were reported to
have perished in the storm.
Most of them were drowned.
The Manila Weather Bureau
said the storm. packing 40
mile winds, was 100 miles east
Of Aparri, on the northern
coast of Luzon Island. It's
winds we're down from a peak
strength Of 30 miles an hour.
Evening star., 1962-05-29
Jupun to Build Four
Nike-Aiux Bases

TOKYO, May 90 (AP) The
defense agency today formally
approved construction of
Japan's first four Nike-Ajex
missile bases at sites circling
Tokyo.
Construction will start early
next month, and the bases are
to be completed by November.
Each base will have nine
launchers.
The defense agency has 339
officers training in the United
States to handle the missiles.
Evening star., 1962-05-29
Stocks Still Drop but Pace Slows
CUBAN PAPERS
HAIL BREAK
IN MARKET

HAVANA (AP).-The
drop on the New York
Stock Exchange provided
banner headlines today for
Cuban newspapers. They
predicted a dark future for
the United States economy.
Panic in New York
Stock Exchange" said
Revolucion's headline.
Ell Mundo said the
United States was on the
verge Of an economic
crisis"
Evening star., 1962-05-29

The metropolitan ureu is
served by oil major networks
through q number Of indi-
viduoI stations. This is q
blessing and, at times.
frustrating. It's so easy to
miss the show thut you reuIly
wunted to see.
Evening star., 1962-05-29

JERUSALEM, May 20 (AP)
-Israel's Supreme Court today
rejected Adolf Eichmann's ap-
peal from his death sentence,
calling even that penalty made
quate when compared to the
enormity of his crimes.
For who can have envisaged
a criminal greater than Adolf
Evening star., 1962-05-29
Estes Papers
Destroyed,
U. 5. AideSays
Luwmukers Hear
Action Occurred
As Probers Wuited
By CECIL HOLLAND
Star Staff Writer


An Agriculture Department
official said today an account
ant who prepared the balance
sheet Of Billie Sol Estes re-
sources that was used in fixing
bond for his grain storage op-
erations has destroyed his
working papers.
s. r. Smith, administrator
Of the Agricultural Marketing
Service, told House investiga-
tors the accountant, Winn p.
jackson. acknowledged doing
away with the papers after a
call from an unnamed person
In the Estes, organization"
Mr.. Smith testified before a
House Government Operations
subcommittee investigating Es-
tes' grain storage operations
and whether the Pecos (Tex.)
financier received favored
treatment from the Agricul-
ture Department.
Presented in January, 1861
The balance sheet, Mr.. Smith
said, was presented to the Gov
ernment in January, 1861,
when 1t was considering raising
the bond requirements on the
Estes grain storage activities
from 100000 to 81 million.
Mr.. Smith said the statement
showed Estes had net worth Of
$13.7 million. Another state
ment furnished last June
showed his net worth as $l5.3
million.
In both instances, Mr.. Smith
testified, total assets were far
in excess Of the amount needed
to retain the storage bond at
100000.
Mr.. Smith said Agriculture
Department investigators inter-
viewed the accountant after
Estes was arrested on fraud
charges and his agricultural
empire, which he boasted was
worth $50 million, had col
lapsed in ruins.
Freeman Raised Ethics Issue
The witness said Secretary Of
Agriculture Freeman had called
the accountancy procedures to
the attention of professional
groups in a letter saying there
is a strong question as to the
professional ehtics Of Mr.. Jack
son who performed the audit
and signed the report"
Mr.. Smith said the audit did
not include generally accepted
auditing procedures and testing
methods in determining inven-
tory quantities, prices and
accounts.
Mr.. Smith said that the in
vestigation Of Estes activities
began long before his arrest
March 90. Last October, he
said, an investigator called at
the Estes offices in Pecos to
obtain permission to examine
the accountants workin g
papers.
"Mr. Estes was not avail
able" the witness said, but
Mr.. A. B. Foster. jr., his gen.
eral manager, agreed to obtain
direct from the CPA the in
formation desired concerning
notes payable and to mail these
to the Dallas office Of the in
ternal audit division.
"Mr. Foster failed to do this
and q second contact was made
:. Again Mr.. Foster prom
ised but failed to do So"
After this, Mr.. Smith said,
investigators telephoned the
accountant direct and were
told the working papers had
been destroyed.
C. H. Moseley, head of the
Dallas Commodity Office, tes-
titled that none of his superiors
and no member Of Congress
See ESTES, Page A-4
Evening star., 1962-05-29
ARCHERS HOLD
TURKEY SHOOT

NORTHERN VIRGINIA orehers
held q novel version Of q turkey
shoot" the other doy. There were
no turkeys. nor even hams. nor shot
gun blosts and it wos the wrong
time Of yeor. But il was reoson-
able fac-simile Of the real thing.
Stor StoH Writer Chorles CovelI
reports. Reed about it on Pose AIS.
Have The Stor Delivered to
Your Home Daily and Sunday
Diol Lincoln $4,000
Evening star., 1962-05-29
Sales Higher,
Blue Chips
Show Support
Trend Is Mixed
As Ticker Tupe
Runs Far Behind
BY JACK LEFLER
Associated Press Staff Writer


NEW YORK, May 29.-Emo-
tion-packed selling continued to
send prices hurting downward
today on the stock market.
Some losses, however. were
turned into gains and declines
were shaved.
Earlier almost the entire
field had melted rapidly as
selling ballooned beyond the
massive volume of yesterday
highest in 20 years.
The panicky desire to get
rid Of stocks swept across the
Nation, ignoring all accounts
of good business, and had
worldwide reverberations.
The London Stock Exchange
suffered its deepest decline
since the Munich crisis of Sep ,
CeLnDer, 1885.
Tass Sees Catastrophe
The Soviet news agency Tass
said the New York stock plunge
had assumed catastrophe
proportions" The Cuban news
paper, Revolution, trumpeted
panic in New York Stock Ex-
change"
Trading volume in the first
two hours scared to 3.75 million
shares against 1.89 million in
the comparable period yester-
day.
The Associated Press 60
stock average at noon was off
$40 to 206.10. The Dow Jones
average of 80 industrials at
noon was down 1859 to 563.24.
Trading n four Of the issues
making UP the Dow Jones aV-
erage-Anaconda, Sears Roe
buck, Swift and Texaco-had
not opentd by noon because OF
inability to match buy and sell
orders.
Some Show Gains
American Telephone turned
a loss of $2.12 to q gain Of $3.37
at $104. Jersey Standard was
up SO at $40 and Boeing was UP
81 at $37.
Declines this afternoon in
cluded Ford $2.37 to $78.25,
Woolworth $3.25 to $63.75,
Eastman Kodak $4.25 to $3.50.
du Pont $3.50 to $l98, United
States Steel 81 cents to $49.75
and Reynolds Tobacco $3.50 to
$45.50. ,
The high-speed ticker tape,
which yesterday was SO minutes
behind transactions at the $3.50
pm. close, and didn't finish
reporting the final transac-
tions until $50 pm, Jagged
from the start. 1t was 68 min
utes late at l:13 pm.
Heavier Than Yesterday
Early volume was heavier and
losses were greater than at the
similar period in yesterdays
huge sell-off.
1t was a parallel perform
ance with the worst of the
1929 crash except that on a
percentage basis 1t was much
milder. since the 1929 decline
started from a much lower
point in the overall average
and the amount Of listed stock
was only about one-seventh of
what it is today.
Volume for the first two
hours was a mighty 3.75 million
shares compared with 1.89 mil
lion for yesterdays first two
hours.
At this rate the days volume
would soar well over 10 million
See EXCHANGE, Page AS
Evening star., 1962-05-29
AppOrtiOning
Bill Passes
Towes to Accept
Mild House Plan
By PAUL HOPE
Star Staff Writer

ANNAPOLIS, May 29.-Gov.
Tawes today accepted q watered
down version of his reappor-
tionment legislation whic h
passed the House Of Delegates
early today after a bitter 13-
hour wrangle.
In one Of the most confusing
displays ever seen in the Cen
New Delegates Cost Put OF $700, 900.
Poge BIZ
eral Assembly, the House scut-
tied Gov. Tawes' reapportion-
ment bill in favor Of the milder
one. The House-approved ver-
sion gives less representation
than the Governor asked for
urban areas, including Mont
gomery and Prince Georges
Counties which would now get
three additional delegates each
instead of four.
Best Possible
After a meeting with legis-
lative leaders today, the Cover
nor said he thought the revised
bill ''is the best we can do"
He called the revision "a
fair modification" Of the ad-
|ministration's proposal. He
asked legislative leaders to ere
double efforts to get the legis-
lation through" the Assembly
before Friday.
After last nights marathon
session and a brief meeting of
the House today. reapportion-
ment legislation was in this
position:
/. The House had passed by
a count of "a to As, without a
single vote to spare, q consti-
tutional amendment which
would set up a permanent plan
for revising House seats. This
plan, which would be effective
in 1866 If the Senate approves
it and II the voters approve it,
would take l3 Delegates away
from the small counties and
give them to five bigger ones.
Three More Delegates
Q. The House approved by a
10 to so vote a Stop-gap plan
to give the metropolitan areas
more Delegates this year. This
provides for increasing the size
of the House by II members
until 1866, at which time it
would be cut back to its pres
ent 123 limit. Nominees for the
new seats would be selected in
special primaries July II.
The stop-gap bill required
only a majority vote while the
permanent plan is in the form
of a constitutional amendment
requiring q three-fifths vote.
Under both bills, Montgom-
cry and Prince Georges Coun-
ties would each get three more
See MARYLAND, Page "A
Evening star., 1962-05-29
Savings a Factor

lie SIOCk udTkeI Iidb DtcIl
reflecting the increasing attrac-
tiveness Of other mediums for
savings too. Just simple saw
ings accounts pay up to A or
Az per cent now. Bonds also
have been returning much
more favorable returns per year
than most Of the most popular
stocks.
That the stock market Is a
leading indicator" Of business
is indisputable. Often in the
past it has turned up or down
long before a similar movement
in the economy.
But it is only one of the lead
ing indicators and, as Federal
Reserve Board Governor George
w. Mitchell remarked recently,
the fact overlooked is that the
stock market has sometimes
declined significantly when the
underlying business trend did
not change materially. Thus,
the composite price averages
dropped 8 per cent in the sum-
mer Of 1859, II per cent in the
fall Of 1855 and Is per cent in
the summer of 1850. In each
instance. the market had more
than regained its losses before
recession-related declines COM
menced."
What, though, If the above
is too Pollyannish and the stock
market break is telegraphing a
signal Of bad trouble ahead for
the United States economy?
Then, the administration
See PORTER, Page A-6
Evening star., 1962-05-29
Hodges Urges
Quick Tax Cut
As Market Aid
Action Overdue,
He Says; Dillon
Doesn't Agree

BY LEE M. COIN
Star Staff writer

Commerce Secretary Hodges
today said q quick tax cut
would help restore business
confidence and stabilize the
plunging stock market.
Mr.. Hodges told a news con-
ference a reduction Of corpo-
ration and individual tax rates
is overdue" He expressed
hope that the administrations
tax reform program will go
beyond overhauling the reve-
nue. structure and include net
reductions.
Shortly before Secretary
Hodges met with reporters,
Treasury Secretary Dillon said
at the White House that I'VE
see no reason for panicky ac-
tion," and Walter w. Heller,
chairman Of the Presidents
Council Of Economic Advisers,
declared the stock market had
skidded beyond anything JUS
titled by the economic facts.
Tax Proposals Due
Mr.. Dillon said, however, he
did not think a tax cut is
needed. He said a tax reduction
might have a good psychologi-
cal effect for a day or two on
the market, but that the general
economy must be considered.
The administrations tax re-
form proposals are scheduled
to 60 to Congress this summer
for action next year. Secre-
tary Hodges said it is entirely
possible" that the time table
will be accelerated. with con-
gressional action this year, but
emphasized that he was ex-
pressing an opinion without
any special information about
administration plans.
Mr.. Hodges said business 4
good and I think Its going tt
be good"
Confer with Kennedy
His reinsurance about the
business outlook was in line
with Mr.. Heller's comments in
an interview.
Mr.. Heller acknowledged that
the markets drop could feed
back" and hurt the economy.
Although dispassionate analy-
sis shows that the dive makes
no economic sense, he said, it
is "a source Of serious concern"
to the administration.
Secretary Dillon talked with
reporters after he, Mr.. Heller
and other top economic and fl
nancial officials in the Gov
ernment conferred with Presi-
dent Kennedy for half an hour
this morning about the stock
market break.
Mr.. Dillon reported that the
general conclusion in the con-
ference was that stock prices
had been high in relation to
earnings but have "now
dropped an area where they
bear q reasonable relationship
to future profits"
The Treasury Secretary said
he was sure the stock market
break did not reflect any loss
Of confidence in the Nations
economy.
81 do hope small investors
realize our economy Is still
sound" he added.
Mr.. Dillon said there was
general agreement among the
officials conferring this morn
See ECONOMY, Page AS
Evening star., 1962-05-29

N Critic Bernie Horrison
pinpoints for you in advance
the imPortont programs to
moke your TV viewing more
profitable. Don't miss his
report on the White Puper
progrum which was never
uired.
:. In TodGy's Star
Page B-9
Evening star., 1962-05-29
Election Gift
Credit Asked
Kennedy Fuvors
Tex Deductions

President Kennedy urged Con-
gress today to permit limited
income tax credits or deductions
for campaign contributions in
presidential elections.
The tax incentive program to
encourage more Americans to
contribute to national political
campaign costs would be au-
thorized under one of five bills
submitted to Congress by the
President to help free presi-
Dental candidates Of depend
ence on large contribution
from special interest groups.
Mr.. Kennedy transmitted thl
Ilegislation, carrying out fivl
major recommendations of /
bipartisan commission on cam
paign costs, IN q letter to House
Speaker Mccormack and Vice
President johnson.
Alternatives Proposed
He proposed that a taxpayer
be given the alternative Of:
/. A tax credit against Fed
eral income tax for SO per cent
Of contributions UP to a maxi
mum Of $40 in credits a year,
or
2. A tax deduction for politi-
cal contributions up to a max
imum Of $3.50 per year.
The commission had recon-
mended a maximum of $1,000
instead of the $3.50 proposed
by the President as a limit on
tax deductions for political con-
tributions in any one year.
"The tax incentive program, :"
Mr.. Kennedy said, sis an ef-
fort to encourage political Civ
ing as educational and chari-
table giving have been en-
couraged for many years by tax
benefits. 1t is designed to give
party solicitors and additional
tool to help stimulate individ-
uals to contribute money in
non-election as well as election
years"
Evening star., 1962-05-29
Committee Donations

Contributions eligible for tax
benefits would include those
made to the national commit
tee Of a political party and to
one political committee desig-
See ELECTIONS, Page A-4
Evening star., 1962-05-29

Mrs. Eiehmonn Tells Of Visit te
Husband in Prison. Pose AS
Evening star., 1962-05-29

Initiation is not going to do
this for them in the foreseeable
future.
The stock market also has
been re-evaluating stocks as
investments in view of the
moderate character of the
1912 business advance. Earn
ings obviously are not going to
be as fantastically fat as the
optirnists anticipated a few
months back.
Evening star., 1962-05-29
BY SYLVIA PORTER
Financial Columnist

What was behind yesterdays
historic crash in the stock
market?
The answer falls into four
broad classifications:
Q l. Margin calls went out
from brokers last week end to
shareholders over the country
who had bought stocks on bor-
rowed capital. The calls de-
manded that the owners put
up additional cash to back UP
their borrowings.
The slump of the past few
weeks had pushed their equity
in their stocks below the mini
mum permitted by Federal Re-
serve Board regulations and
Stock Exchange rules.
AS the break got worse, the
calls for additional cash multi
piled and many disillusioned,
frightened and cash-shy hold
ers were sold out. In view of
the extent of yesterdays break,
there's going to be a lot more
Of the same today.
Investors Fearful
. 2. Fear feeds on fear. AS the
market has declined week after
week, fear of a massive down.
turn has caused investors who
had no intentions Of selling a
couple of months ago to get
out while they still Gould pre-
serve some of their nestegg.
Always, big movements in
the stock markets tend to ex-
aggeration, particularly on the
downside. This happened yes
terday and what happened
yesterday could make it hap
pen again.
. 8. There has been liqui-
dation of United States cor
poration stocks by foreign
holders, especially by the
Swiss, according to reliable
sources. This has helped create
air pockets in the stock mar
Evening star., 1962-05-29
INTERPRETIVE REPORT
-INTERPRETIVE REPORT--
Markets Return to Reality
Seen in Spectacular Drop

ketS. There's no way of cal
culating how big the liquida-
ton has been from foreigners,
but it has been a factor.
o 4. The big buyers with funds
to invest-the mutual funds,
institutional investors, wealthy
Ipersons-have been largely sit
ting by, waiting to see how far
this movement would go before
they step back in on a worth
while scale.
Over the week end. there
was a forewarning of what
would happen Monday in a
report that bids for stocks on
the exchanges were unusually
slim. The lightness or under
lying buying orders could have
only meant a major decline
when selling orders started to
pour in-and they poured.
Each of these is a key reason,
but each is basically technical.
No Business Downswing
Is the stock market also
flashing the fundamental mes
sage that a major business
downswing is on the way?
The answer is no.
This has been a spectacular
crackup. But the considered
judgment of responsible au-
thorities still is that the stock
market is belatedly recognizing
what thoughtful observers have
been emphasizing for some
time-the era of great infla-
ton is way behind us and in
our economy, with its high un-
employment and excess indus
trial capacity, initiation is not
going to take off soon again.
Those who bought stocks at
fabulously overpriced levels
which could not be justified
by common-sense reasoning or
traditional yardsticks thought
that initiation would bail them
out and there always would be
lone more sucker to buy.
Evening star., 1962-05-29
Weather Forecast

District end vicinity-Rather cloudy to-
night with low Of 81. Tomorrow will be
warmer and partly cloudy with chance of
scattered thundershowers in afternoon or
evening. High, 72. at noon today; low, 81.
at 8 am. today.
Full Report on Pose B-z
Evening star. [volume] (Washington, D.C.) 1854-1972, 1962-06-06

called Show Business Is No
Business In October, just be-
fore my book is published, I'm
to start on the first of 81 lee
lures which will take me as
far as Honolulu"
+
THE MFOR TABLE
KERR: Mr.. Slezak suddenly
put on a look which intimated
that being neighbor to the
Kerrs was not exclusively dis
committing to a man who likes
not to work, too.
"You read Walters new
book?" he suddenly asked. Its
called The Decline of Pleasure
and it dwells quite a bit on
the joys of just doing nothing
stepping aside from today's
frenzy and just vegetating. I
sneak in a lot of that, too. 1t
somewhat balances Jeans ter
rifying dynamism."