davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-13
Gangs Hideout Found
@sa
In Big Train Robbery i.

berry in which the loot was
paper money.
Some of the tips pouring into
the police mentioned woman.
Detective Supt. Gerald Nc
Arthur Of Scotland Yard told
reporters at the search head
quarters in Aylesbury:
I'VE have had rough sugges-
tons that a woman was In
volved, but nothing we can
confirm. If a woman were m
volved it would not have been
in the ambush ITSELF" p
Fifteen or more masked men
stopped the Glasgow-London
mail train early Thursday with
a fake signal and made off
with registered mail bags con-
tanning more than 81 million
worth of British papeR
currency. ~
Bills May Be New 4.e
Originally 1t was reported
that this loot was soiled, dog
cared money being returned TO
London to be destroyed. Such
bills would be extremely easy
to pass.
Current reports, uncon-
firmed by the police, said most
of the money may have been
new currency, the serial num-
bers of which were known. II
that Is so. the gang may be
holed up somewhere, afraid to
spend most Of its takings.
The new money TIN cory
Stemmed from an assumption
that such currency was issued
in Scotland and the North OF
England to cope with the Au-
gust bank holiday spending
spree early this month.
After the holiday shopkeepers
and hotel proprietors banked
their takings. This put too
much cash in the vaults of
branch banks, and these
branches shipped the money to
central banks in London.
1t was estimated the stolen
money weighed about 2la tons.
Rewards totaling 100000
pounds ($728.000 whetted pro-
fessional police informers,
cranks and average citizens, Il
is estimated the authorities
have received 1000 tips. most
of them useless.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-13

LONDON, Aug. 10 AP)-
Scotland Yard announced today
that police have found the
hideout used by the gang which
staged the worlds greatest mail
train robbery.
The hideout is Leatherslade
Farm at Oakley, SO miles north
west of London. A truck and
two army type vehicles were
found there.
The police announcement
said an intensive search was
going on in the area, but 1t APP
peared the robbers had left
three days ago.
Some mail bags were found
but there was no trace Of the
E21a million ($7 million) loot
taken from the Glascow-to-
London mail train Thursday.
Shortly before this an
nouncement, there were indi-
cations that the search for the
high command Of the bandit
raid had spread to the French
Riviera. Ills
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-13
House to Be Searched

nOuSc 70 DC OedECucu
George Hatherhill, deputy
commander of Scotland Yard,
said:
I'VE have located the hide
out of these people. We have
got a house to turn over
tserach). We. are not letting
anyone near it at the moment.
I'VE have not completed the
search. That might take at
least three days of police
work"
The brick farm house is in
an isolaetd area. Its windows
were BACKED out. A large sup
ply Of food was found there.
Fingerprint experts and
other police scientists were
rushed to the area. The dis
trict was sealed off at once.
There were indications the
bandit gang, believed to num-
Der 20 or 80 men, had been in
the Buckinghamshire House
several days and were trying to
burn or. bury something when
they left in q hurry.
Earlier police officials limited
that a woman may have
helped mastermind the rob-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Business Tax Deductions
Covered in New RuIebook

men pointed out to us that
when Q customer gets on board
a yacht he is a captive au-
dience-he almost has to listen
TO you II you want to talk
business"
Congress changed the law
last October in an effort to
cut out tax deduction ab
such rs deductions for enter
tainment in lavish surround
ings or lengthy, expensive va
cations with q client in tow.
In general terms, the new
rules require evidence Of q rea.
sonable relationship between
the expense item on the tar
form and business activity.
Also, there is q ban on lavish
or extravagant" entertainment
The rules apply to the cur
rent calendar year. but the
business world has been given
until July 81 TO adapt company
accounting procedures to the
new rules.
Another set Of rules issued
In December requires that rec.
ords Of expenses be kept In
consid erable detail. although
most Of these need not be at.
tached to the form.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
u. 5. 10 Battle
viscoseM Merger

SAN FRANCISCO, (AP)-
The Justice Department has
asked United States District
Court to block the $1l6 million
acquisition of American Wis.,
cose Corp. assets by FMC Corp.
OF San Jose.
Nicolaus Bruins, jr., Justice
Department attorney, said more
than 80 per cent of the carbon
bisulphide used by American
Viscose is purchased from FMC
Corp. This chemical is used in
the manufacture Of cellophane
The government contends the
merger, set for next Friday,
would substantially lessen COM
petition In the field Of indus
trial chemicals and packagine
machinery. This, the Govern
ment said, would violate the
Celler Kefauver anti merger
amendment to the Clayton
Anti Trust Act.
Francis r. Kirkham, FMC at
torney, told the court that
American Viscose is manufac-
turing rayon and cellulose fl.
bers which are rapidly losing
their market to chemical fibers
He said FMC wants to &C.
quire the American Viscos'
marketing operation so FM(
can enter the chemical fibe
field and compete with largI
producers of those products.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
CGNW Plans to Bid
For Rock Island Road

NEW YORK tD11-The CHI
cago & North Western Railway
decided to compete with the
Union Pacific Railroad for con-
troll of the Chicago Rock Island
& Pacific Railroad. Last month
the Union Pacific had agreed
to merger terms with the Rock
Island.
The North Westerns board
meeting In New York also au-
thorized management to begin
talks Immediately with the
Chicago, Milwaukee, St. Paul &
Pacific Railroad. The ultimate
objective is a three-way merger
of the North Western with the
Rock Island and the Milwau-
kee.
In their bid for control of
the Rock Island the North
Westerns directors said they
would offer for each share OF
the Rock Island one $50 par
per cent North Western col
lateral trust 50-year income
bond 27.7S per cent Of q share
'Iof North Western common and
! S. cash.
II all 2,9l6,71l Rock Island
shares outstanding December :
were EXCHANGED the North
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Southern Roiiwoy
Net Above Year Ago

Net income Of Southern Rail-
way Co. for May. 1868. was
$2,792.000 or 38 cents q share,
compared with $2.264,000 OF
80 cents q share in May last
year, President d. w. Brosnan
reported after q board meeting
in New York today.
Net income for five months
this year was $l2,085,000 OF
$1.64 q share, compared with
$40. sos, 900 or S1.4l q share in
the same 1862 period.
Gross revenues for May
totaled $24.357.00O VS.. s23,877,-
900 q year ago. Five months
revenue amounted to -Sli3,724,-
600 vs. S1l3,e3o, 900. e
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Photogrummety
To Promote Interests

A Legislative Council for
Photogrammetry has bee n
formed here to represent the
interests Of privately owned
companies engaged in the field
Of photogrammetry, a means
of obtaining land measure
ments from aerial photographs.
The group contends that the
Federal Government accounts
for about so per cent Of all
map-making, which uses pho
togrammetry techniques. and
that private industry has been
getting a shrinking share Of
the business.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Hugh Reilly Co.
Marks 18th Year

The Hugh Reilly Co., one Of
Washington's Oldest paint
firms, is celebrating its 18th
anniversary this month and is
still owned by the family Of
the founder.
It is headed by Hugh Reilly
Thomas, grandson Of the foun-
der. It serves more than $50
paint and hardware stores OF
the Washington area and also
handles retail sales from its
headquarters. 931 Brentwood
road, NV, and stores at 1880
New York avenue. NV. and at
. Glebe road and North WASH
ington boulevard in Arlington.
In addition To- Its wholesale
and retail accounts, the CON-
pany services large commercial
and Government accounts.
The firm was first locatec
at l225 Wisconsin avenue. NV,
In Georgetown. soon moved 10
1911 Pennsylvania avenue, NV,
and later moved TO 1884 New
York avenue NV. It's head.
quarters were completed In
Brentwood In 1859.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Radio and TV Sets
Exceed 1867 Marks

Unit sales Of both radio and
television sets ran well above q
year ago In both May and the
first five months Of this year
In the District Of Columbia and
the Maryland sections served
by Potomac Electric Power Co.
trade figures show.
4 Electric Institute Of Wash.
lington reported unit saleB oi
radios totaled 1882 in five
months VS.. 26,T00 q year ago
twhile May unit sales scared t.
.5.317 from 5000.
4. Television unit sales totaIeC
80 1853 in five months VS.. 2T,50C
q year ago and May unit salei
rose to 3,607 from 3,197.
<. Sales Of most other electric
appliances we're above q yeal
ago. However. electric ranges
and room air conditioner
showed declines and dehumidi-
fiers Jagged behind q year age
in the five months. Sales Of re-
.frigerator- freezers were ahead
in both May and five months
Five months sales of automatic
Clothes washers showed 9 gairl
but the May sales were be-
hind q year ago.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25

Western said. Its offer would
amount to S1l.5S3.5s cash. $751;
sol, $3.50 principal amount Of the
income bonds sAnd sl0,32C
shares Of the North Westerns
common. It would give Rock
Island holders so per cent Of
the C&NW common that would
be outstanding after the ex-
change.
Union Pacific's offer calls fol
merger with the Rock Island
on the basis Of an exchange Of
OTIS Of q share Of Union Pa
cific authorized but as yet un.
issued common for each Rock
Island common share. With
completion Of the proposed
merger the new system WOULD
sell to Southern Pacific al
Rock Islands $500 miles OF
track south and southwest Of
Kansas City at q price to bt
set by an engineering study.
/. Ben. w. Heineman the North
Westerns chairman said yes
terday that more than q yea
of studies had convinced tn
C&NW that the annual saving
of q get-together with the Rocl
Island would exceed 81
million.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
By the Associated Pr.ss

A tax rulebook Is ready for
those who figure check
grabbing is Just good business
The new rules regarding
business tax deductions affect
only 10 per cent of the tax
payers and are expected to pro-
duce the relatively small sum
Of 500 million in extra rev.
enue. 3 q
Yet there was an intensive,
complicated, often bitter battle
in Congress and in business
mems conferences.
The final installment of the
rules, the second Of two major
sections, was issued yesterday
by the Internal Revenue serv-
ice. It had issued new record
keeping regulations in Deem
Der.
The latest set. on business
entertainment and travel, was
very similar to proposed rules
set out In March, although the
IRIS eased UP slightly on a rule
concerning yachts and hunting
lodges. q.
But each still would have tC
be used primarily for business.
related activities In order II
be deductihle.
In discussing reasons for Che
snghtlys. more liberaii position
regarding yachts. q spokesman
for the hrs said. business.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
By SYLVIA PORTER

Corp. have pioneered with fam
lily money management pro-
grams.
Chapter 10 Cited
go If bankruptcy appears
the only way out, use Of Chap
ter XIII Of the Bankruptcy Act
should be encouraged and also
widely publicized. Under this
chapter. a plan can be worked
out so that q debtor can pay
his. debts out Of future earn
ings over q three-year period
during which ME is supervised
and protected by the bankrupt
cy court. Most lawyers know
little about the Bankruptcy Act
and few individuals know about
Chapter XIII. An authoritative
estimate is half Of all straight
bankruptcy procedures by indi-
viduals should have been
Chapter XIII proceedings In
stead - helping the debtor,
his creditor. the entire COM
munity.
90 Obviously essential Is
better education Of the individ-
ual on use Of consumer credit,
for the underlying cause of
most bankruptcies Is the In
divdual's own extravaganza.
go Finally and imperative,
Is better control Of the opera
tons Of easy credit" retailers
who entice the ignorant into
unwarranted purchases and
WOO the new bankrupt because
they know he cannot 60 bank
rupt again for six years and
he's at their mercy If he de-
faults.
Bankruptcy Is still only q
fringe but it's q fringe which
among employees has grown
more than $50 per cent Just in
10 years. That trend is nothing
to be complacent about.
Distributed. 1853, BY the Han Syndicate.
Inc. An Rights ReservedO
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Charter for Women's National Bank
Denied; Saxon Cites D. c. Facilities
Digestion Era
Is Scheduled
By Controller
BY DONALD b. HADLEY
star Financial Editor

An application for the char
tering Of the Women's National
Bank Of Washington was de-
MED today by James ]. Saxon,
Controller Of the Currency.
In denying the application.
Mr.. Saxon referred to his re-
cent disapproval Of an -appli-
cation for the proposed George
town National Bank and his
statement that for the time
being at least banking facili-
ties in the District Of Column
bia are adequate.
The proposed Women's Ma
tional, had been planned to ca
ter specifically to the banking
needs of women In this area.
A downtown location had been
indicated.
After approving three new
banks for the National Capital
in little more than a year, the
Controller recently declared:
THE substantial operation Of
banking facilities which has
been authorized Tin d. CO. in
dicates any further increase in
banking facilities - for the
time being-is quite limited. A
period of digestion is thus in
dicated."
He pointed out that approval
Of the District of Columbia Ma
tional Public National Bank
and Madison National Bank,
raised the total of District
banks to IA and that they had
rs branches and facilities.
Irwin Nestler, Washington
businessman and former New
York banker, headed the or
ganizing group for the
Women's National. Louise
Gore, Maryland assembly,
woman and Jane Marilley,
president Of Courtesy Associ-
ates were members Of the
group. The section bounded by
Eleventh and Fourteenth
streets, and = and q streets
NV, had been indicated as the
general location for the pro-
posed institution.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Bank Holders Vote
MARYLAND Mercer

Stockholders Of the Maryland
National Bank and the Second
National Bank Of Hagerstown
approved q proposed merger Of
the institutions al 4 special
meetings In Baltirh6re ana
mgerstUwn today -l'SE - -
EiEhty-seven per cent Of the
shares Of the Maryland Ma
tional were voted for the
merger and 93 per cent Of the
shares Of Second National were
cast for the proposal. .''"
The proposed merger now
awaits final approval from the
Controller Of the Currency in
Washington.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25

In California. 1856 OF every
l00. 900 residents filed petitions
in bankruptcy in 1861, making
California the bankruptcy
capital" Of the Nation. In New
York, only 81 Of every 1905
went bankrupt. putting N W
York in seth place on the State
bankruptcy list. Why this glar-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
BOWERY BANKS
ASSETS CLIMB
TO 81 BILLION

NEW YORK (APl.-The
Bowery Savings Bank has
become the Nations first
savings bank with assets Of
81 billion.
Five depositors, one at
each of the branches, were
singled out yesterday as
having made deposits that
resulted in crossing the 50
billion mark. Each received
Q 500 savings account.
The Bowery Bank, which
has about $4,000 deposit
tors with deposits totaling
more than SLIT billion,
reached the 81 billion
level in total assets in 1851.
It was chartered in 1884.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
YOUR MONEYS WORTH.
Ways Suggested to Cut
Personal Bankruptcies

ing disparity between our coun-
tfy's two biggest States?
The answer is that Califor-
MAS laws governing garnish-
ment Of an individuals salary
or wage are so stiff that they
are fair neither to debtor nor
to creditor. Strong-arm collec-
ton laws can so torment q
distressed debtor that he feels
he must escape through the
bankruptcy hatch.
In contrast, New Yorks
garnishment laws are much
more considerate to the debtor,
much more productive to his
creditor and much easier on his
employer AS q further illus
tration of the tie between these
laws and bankruptcies, Illinois
has shown the greatest decrease
In the number Of bankruptcies
In the country since she modi-
fled her punishment law in
July, 1861, while bankruptcies
have scared In Iowa since It
frightened its punishment laws
in 1857.
Bankruptcies Climbing
The total Of bankruptcies In
the United States is climbing
sharply and will reach an all
time high Of over 100000 by
July /. What can be done to
reverse the trend? Modification
of over-tough State laws is OBJ
viously in order. In addition,
here are some practical propos-
ais by Linn K. Twinem, chair
man Of the Consumer Bank
ruptcy Committee Of the Amer
lean Bar Association.
Cd Our antiquated Bank
ruptcy Act should be thorough
ly overhauled and geared to to-
days realities. The basic act
was passed late In the 19th
century - before any concept
Of consumer credit - and its
two-fold purpose in that era
was primarily to rehabilitate
an honest though distressed
business debtor and to provide
for speedy distribution Of his
assets to his creditors. But to.
day, nine out of 10 bankruptcy
petitions are filed by individu-
ais, not by businessmen. In al
most all cases. there are no
assets whatsoever for distribu-
ton to creditors.
The process in personal bank.
ruptcy cases Is simply too me-
chanical. Bankrupts usually are
discharged without even getting
advice on why they got into
trouble and what to do to stay
out Of trouble in the future.
Referees in bankruptcy do not
have adequate powers to cor
rect abuses either by bankrupts
or by attorneys interested most
ly in collecting fees. The law
should be modernized," says
Mr.. Twinem. ito meet present.
, day circumstances in the con-
r sumner credit field"
90 Alternative rem e dies
for overloaded debtors should
be developed and widely pub
licized. The National Founda-
ton for Consumer Credit in
Washington has an excellent
counseling service. The Inter-
national Installment Credit As
ISOLATION in st. Louis, Mo, has
a manual on family debt coun-
selling procedure, the AFL-CIO
has consumer counsel pro-
gram. In Phoenix, Ariz., family
debt counselors. and in Colum-
bus. Ohio, Capital Finance
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Public National
Calls Meeting

Stockholders of the Public
National Bank of Washington
will meet Thursday to elected a
board of directors. it was an.
nounced by Walter Ogus, chair
man Of the organizing COM
mittee.
The meeting is scheduled fol
10 am. in the Presidential Ball
room of the 6tatler Hilton
Hotel.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25

struction Of q golf club house
ct Joyce Road and Rock Creek
Park. Z
Another park service award
went to Bald a Son Of Bla-
densburg In the amount Of
sS22,ss5. It calls for construc.
ton Of Theodore Roosevelt Me.
Imorial on Theodore Roosevelt
Island.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Yield on el-Duy Bills
Turns Down Slightly

The Governments short
term borrowing costs fell with
yesterdays weekly offering OF
Treasury bills. 7
The average yield was 2.S79
per cent on bids for SIS billion
Of 9l-day bills. The rate last
week was 2.997. Il
Bids on $500 million Of 1872
day bills gave an average yield
Of 1910 per cent. The rate last
week was 3.0el. h
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
New National Bank
Approved at Bowie

I. Controller Saxon, however,
approved q new national bank
for Bowie. Nd, the Belair Ma
tional Bank.
Initial capitalization Of the
new bank will be 100000 and
James A. Sutton is correspon-
dent for the organizers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
ABA Supports
ReveaIingB Bank
Stock Trading
by DON BACON
star Business Writer

The American Banking As
ISOLATION said today 1t would
not object to extension Of Sc
curity disclosure regulations to
bank stocks, II Federal banking
agencies retain regulatory ju-
risdiction.
Thus the powerful banking
group stood behind Controller
of the Currency Saxon, who
reiterated yesterday his objec-
tons to allowing the Securities
and Exchange Commission to
oversee bank securities as II
does other stocks listed on
trading boards.
Testifying this morning be-
fore q Senate Banking subcom-
mittee considering the new
legislation William F. Kelly,
vice president Of the ABA, said
his group agrees with and sup
ports the purposes and princi-
Piles" Of the SECS securities
bill.
However" he added, I'VE be-
lieve that these detectives and
principles are in great part al
ready served by existing law
and we have, in addition,
serious reservations as to the
manner In which 1t Is proposed
to apply disclosure principles
to commercial banks"
Saxon Testifies
In his testimony yesterday
Mr.. Saxon disclosed that he
was bolstering his contention
that investors In bank stocks
are better protected than in
vestors In other securities. He
said that he would soon tighten
the "insider" trading rules af-
fecting bank officials and own
ers Of substantial blocks Of
bank shares.
Under the new requirement,
he said, bank officers, direc-
tors and owners Of 10 per cent
or more Of q bank stock will
have to file o special report
whenever they buy or sell
shares.
The new rules, he said, prob
ably would 90 into effect In
about so days. and would apply
only to those national banks
under the Controllers SUPER
vision.
Martin for SEC Controls 4
Mr.. Saxon's disclosure came
yesterday as William McChes-
ney Martin. IT,, head Of the
Federal Reserve Board, jumped
into the running controversy
over which Federal agency
should regulate bank securities.
Mr.. Martin told the subcorn-
mittee that he favored giving
the Securities and Exchange
Commission powers Of control
and supervision over bank Sc
curities. Mr.. Saxon staunchly
opposes this position, claiming
that the Controllers office L
best able to handle all regula-
tons, including stock regula'
tons, of the banks within ii
/ Jurisdiction. 4
The subcommitte Is consider
1 ing an administration bill Il
extend SEC control over securi
ties traded in the over-the
counter market and over tn
securities of banks with 500 b
more stockholders. n
The SEC would not hay,
Jurisdiction If the Fedora,
agencies which now control
banks-Controller Of the Cur
rency for national banks. the
Federal Reserve System foi
member State banks, and the
Federal Deposit Insurance Corp
for State banks not members
of the Federal Reserve-elect
to take jurisdiction.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-25
Maryland Firms Get
Park Service Jobs

The National Park Service
has awarded o s87,744 contract
to the Neal Construction Co
Of Silver Spring. Md. for con-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-09-20
Peter J. Tierney,
'o8 War Veteran,
Ex-Novy EmpIoye

Peter J. Tierney, 8S, a Span
ish-American war veteran and
a machinist in the Navy De-
partment here for 80 years,
died of a heart attack Wednes-
day at the Veterans Admins
tration hospital in Perry Point,
Md.
A native of Wilmington, Del,
and one of 10 children, Mr..
Tierney went to the Philippines
in 1898 as a volunteer with the
South Dakota infantry. He was
wounded by a sniper during
action against the Philippines
instruction.
On retiring in 1910, Mr.. Tier
ney spent much of his time
travelling in the United States
and visiting in Florida, Maine
and California. While in Wash
ington he lived at Sis Seward
square Sc.
He leaves his sister, Mrs.
Agnes B. O'Connor, and his
brother Thomas, both of Will
mington.
Services and requiem mass
will be at 10 am. tomorrow
in Wilmington.