davidaulloa/AmericanStories huggingface dataset:
Evening star., 1963-04-20
OAR Hears
Critic Of
Spending

The vice chairman of the
National Association Of Man
ufacturers called last night
for a cut in the national
budget, reduction of the Fed
eral Government to Its es-
sential and proper functions"
and a return of ''misuSed"
taxpayers money to the peo-
pie who earn 1t.
Speaking to the Daughters
of the American Revolution
at the final banquet Of their
72d Continental Congress. Mr..
Charles r. Sigh, jr.. said
that with all the nonsensi-
cal programs that are being
carried on here. 1t is ridicu-
louS to say that the Federal
budget cannot be cut.
when every dollar the
Government spends is taken
from American families. 1t Is
nonsensical to say that Gov
ernment spending is needed
for its own sake-AmericanS
would spend that money II
they could keep it, or they'd
save 1t and the banks would
lend it to those who would
spend it to make Jobs"
Mr.. Sigh said the Feder-
al Government demands far
more money than 1t should
to pay for its assumption OF
functions that properly be-
long to the State and local
governments. The latter. he
said, "have become to a large
extent. branch offices OF the
Federal Government"
No One Party
His criticism, he pointed
out, was not directed especi-
ally at the present admins
tration, nor at one political
party. Both parties have
been guilty OF the same fun
damental error which is to
believe that the Federal Gov
ernment. being the largest. Is
automatically the most COM
petent.
Citing examples Of what he
considers glaring waste-e.g.,
half a million dollars spent
for a three-room suite Of Of
fices for a single Congress
man, $l80.000 for a single
officials single junket around
the worid--Mr. Sigh said the
family with an annual in
come OF $4,000 "a little better
than average) is billed for
about 10 per cent Of that in
income taxes. ITO pay those
taxes they may give up a va
cation, postpone an opera
ton, live in a home that's
too small. drive a second
hand car-or any Of a great
number OF things that one
does when he must econo-
mize =.
well. the taxes OF 300
such families went for that
trip around the world. The
taxes Of 833 families we're re-
quired to build q single Of
flee for q Congressman"
But waste" OF this kind
isn't the most serious prob
lem, he said.
"The main problem is that
our Government Just natu-
rally grows as fast as the ma
tional income grows. and q bit
faster because OF the eff
cheney Of our tax collection
system.
Lives Regulated
"And then II finds things
10 do with all that money
rather than giving II back 10
the taxpayers. And the plans
outrun even the income. so
they borrow. too"
He believes the Govern
ment officials spending the
tax money are generally
honest and hardworking. he
said. But the trouble is that
In so many programs, the
harder they work the more
money they can misuse.
More Importantly. they are
regulating more and
more OF our lves."
Evening star., 1963-04-20
By JOHN HASKINS
Contributing Critic

John Cage, composer and lee
durer. AT the Washington Gallery
OF Modern Art. Subject: Where are
we going. and what are we doinef
Evening star., 1963-01-09
BUSINESS
BRIEFS
Electrical Production la!

Electrical Production la st
week was 16,874,000.00 kilo-
watthours VS.. 16,435, 900, 900 the
previous week and 16.020,000,- :
900 in the comparable 1862
week.-Edison Electric Insti-
tute.
Auto Industry consumed Isl
million tons or 219o of total
steel shipments in 1862 VS..
17Po in 1858 and 22.1qo in
1955.-The Iron Age.
Chicago, North Shore & Mil
waukee Railway has rejected
a commuters group offer to
buy the line, scheduled to &c
out of business January 81. for
Sl.231.218 plus $4,000 a year
rent on Highwood (Ill.) prop
erty. Salvage value of the line
was put at S6.2 million at re-
cent ICC hearings.
F. W. WOOlwOrth sales in De-
cember totaled S182,817,15I, up
2.7To from $l79,063,270 in 1861
month: for IL months S1,l10.-
l66,85l, up 4.6fo over preceding
period.
w. T. Grant sales in De-
cember of Sl15,361,4l0 rose
1886 from SlOO.OS3,52O a year
earlier; for IL months $685.
222,l67, up 1887 from $685.
5l2,665 in preceding period.
Evening star., 1963-01-09

ington Board of Trade and the
District Bankers Association.
He was educated in Arling-
ton schools and at old Western
High School. He also is a grad
uate of Stewards Business Col
lege, Benjamin Franklin Uni
versity and the American In
stitute of Banking. For a time
he served on the ALB Chapters
board of trustees. He lives in
Arlington.
Reelected directors of First
National we're: Earl M. Ander-
son, jr., DR.. Hurst R. Ander-
son, Admiral Arleigh A. Burke,
USN retired, Orval r. Cook, F.
Joseph Donohue, w. Carlton
Eacho, Gen. Clyde D. Eddleman,
USA retired, Julius Goldstein,
Frederick A. Hessick, Charles
H. Jagels, Morris L. Kraft,
Donald F. Mackenzie, Guy
Martin, Mr.. Offutt, Charles H.
Pardoe, William C. Shelton, C..
Haskell Small, Philip Smith and
William B. Wolfe, ST.
Evening star., 1963-01-09
First National Gains,
OqiIvie New Director

Stockholders of First Ma
tional Bank were told of rec
ord progress in the last year
and elected Stuart S. Ogilvie,
senior vice president, to the
board of directors at their an
nual meeting yesterday.
President A. Scott Offutt re-
ported net income after income
taxes rose to $532,842 in 1862,
compared with $372,O68 in the
previous year.
Gross income set a new all
time record $3,O16,65O in the
period, compared with $2,3O3,-
796 in 1861.
Assets reached a new high
of $66, ,495, 1868 at the year end,
compared with S48,621,243 at
the close of 1861, Deposits to-
tailed $59,515,453, compared
with $43,528,243 a year earlier.
Mr.. Ogilvie joined the bank
in 1924, became cashier in 1945,
and vice president in 1916, He
was promoted to senior vice
president in 1851.
He is a past president OF
the Credit Management AS
sociation of Greater Washing
ton and now is serving on its
advisory board. He also has
been active on various commit
tees of the Metropolitan Wash
Evening star., 1963-01-09
First National.
Of Maryland
Shows Gains

The First National Bank of
Maryland, which has offices
and stockholders in the Mary
land sections of the Washing
ton area, had net operating in
come of $3,087, 1863 or 1884 a
share in 1862 after income
taxes compared with $2,881, sol
or 1882 a share in 1862, 1t was
revealed in the annual report
from Board Chairman Robert
B. Hobbs today.
Operating income rose to
$l4, ,559,068 in the year, COM
pared with $12,180,765 in the
previous year. Operating ex-
penSes increased to 1885, ,099
from $7,449,2 ,264.
Operating income before
taxes was SIS, 1863, compared
with $4,731 sol in 1861.
Much of the years gains was
due to the merger of the Farm
ers Banking q Trust Co. of
Rockville and the Catonsville
National Bank last July. The
former with five offices and the
latter with two added seven
offices to the banks system.
The bank made rapid strides
in automation last year, Mr.
Hobbs reported. A new opera
tions building was completed
on South Charles street IN
Baltimore.
Deposits reached a new high
of S4l8,773,l59 at the year end
compared with 1851, ,76l 1903 a
year earlier. Loans totaled
sits, 6,095,944, compared with
S136,77l,589.
At the annual stockholders
meeting yesterday, Alonzo G
Decker, jr., William L. Mar
bury and John w. r. Webb
we're elected directors. Mr.
Decker is president of Black
& Decker Manufacturing Co
in Baltimore and Mr.. Marbury
is a Baltimore lawyer. Mr.
Webb is a Salisbury lawyer.
Evening star., 1963-01-09
NeWStock0K
Al American
National Bank

Stockholders Of American
National Bank yesterday ap-
proved a proposed increase in
authorized stock to permit dis
tribution Of rs per cent stock
dividend and the offering OF
additional stock to stockholders
at SIS a share, President
Warren R. Lasher announced
They also elected Vice Presi-
dent A. Baker Nicholson to the
board of directors at the annual
meeting, and later the board
promoted Mr.. Nicholson to
executive vice president.
The 46-year-old native of
Dickerson. Md, Joined Amer
lean National in March. 1862,
after a long career in banking
in Washington. He was a vice
president of American Security
& Trust Co. and the old
National Metropolitan Bank
which merged with American
Security in 1858.
American National directors
also voted a semi-annual cash
dividend of 70 cents a share
and authorized transfer Of
S225,500 from undivided profits
to surplus. increasing total
capital funds to $3,O37,5OO from
$2,812,000.
Both the cash dividend and
the stock dividend will be paid
February IL to holders of record
February l. Stockholders will
receive three new shares of
stock for each four shares held
on February /, increasing total
outstanding shares to 148,75O
from 5000.
In addition, holders Of record
on February / will receive war
rants emitting them to pur-
chase at S25 a share. one new
share for each two shares held.
The 42,50O new shares thus
created will add S1,062,500 to
capital and surplus, increasing
capital funds to SAL million
when the new issue is COM
pleted in March.
Reelected as directors of the
bank were Mr.. Lasher, William
D. Blair, Lloyd NJ. Bauman,
John w. Kluge, Harry Malasky,
L. E. Martin, Calvert c. Nc
Cabe, Thomas G. Oyster, Max
well Scrimgeour and DR.. Kermit
F. Smith.
Evening star., 1963-01-09
Record Profit Seen
For Anheuser-Busch

Anheuser- Busch, Inc, will
have the largest sales and
earnings in its history from
1862 operations, August A.
Busch, jr., board chairman and
president reported here today.
Addressing the Washington
Society of Investment Analysts,
Mr.. Busch estimated that earn
ings will equal S3.40 a share.
compared with S3.O8 a share
in 1861.
Reviewing rapid growth of
the brewing industry. Mr.
Busch said sales in 1862 reached
an estimated 91.810,000 barrels
Of beer, an increase Of more
than 7 per cent in the last six
years. His company sold 9,0l5.-
900 barrels, he estimated, COM
pared with 5,864,O00 in 1856.
Evening star., 1963-01-09

A. c. Neal. Harry A. De Butts
James B. Morrison, Alfred H
Lawson, Samuel H. Kaufman,
Frederick H. Bradley, Leo
Goodwin, ST.; Samuel Spencer
Richard P. Dunn, j. Willard
Marriott, Floyd E. Davis, Jr.;
Richard A. Norris, Alvin N
Parker. Charles A. Camalier,
jr.; Melville Bell GroSvenor and
w. John Kenney.
Board Chairman Robert V.
Fleming also announced the
reappointment of the following
honorary directors:
Coleman Jennings, Edward
D. Merrill, Ralph Bradford,
Edward L. McAleer, c. Cham
bers Oliphant, William E. Pear
son, William w. Brawner, Will
liam Calomiris, George H.
Norton. Fred A. Smith, Chan
ming S. Walker, j. Chester
Plyes. E. K. Morris, Lloyd b.
Wilson.
Evening star., 1963-01-09
New Officers Named
By Casualty Group

Louis E. Dwyer, jr.. insur-
ance analyst in the office of
Naval Material, Navy Depart
ment, was elected president of
the District Chapter, Society of
Chartered Property and Cas-
ualty Underwriters, at the re-
cent annual meeting.
Clifford j. Jefferis of Gov
eminent Employees Corp. was
elected vice president and Will
liam G. McHenry of Elicit g.
Short, Inc, was named secre-
tary. Theodore S. Orme of
Sternau g. Son Corp. was elec-
ted treasurer.
New officers will be installed
at a luncheon at the Burlington
Hotel on January l6.
Evening star., 1963-01-09
Eurninqs

Tennessee Gas Transmission
in II months ended November
80 earned S58.362,922 or SIPS
a share VS.. S58,711,200 or SI.27
in preceding period.
Pillsbury Co. in s months
ended November 80 earned
$4.309.000 or Sl.96 a share VS..
S3,580,OO0 or Sl.63 in 1861 pc
riod.
Republic Aviation in year
ended December 81 earned
S5,900,000 or S2.08 a share VS..
sl0,785,279 or 1912 in 1861.
New York Telephone in IL
months ended November 80
earned Sl39,883,583 VS.. $780,
986,463 in 1861 period.
WescO Financial in year
ended December 81 earned So
250,000 or $3.50 a share VS.
$4,47l,l74 or 1922 in 1861.
Disney Productions in year
ended September 30 earned S.
263 ,49l or S3.l4 a share VS.
S4 ,465 .486 or S2.75 in preced-
ing year.
Miehle- GOss- Dexter in year
ended october 81 earned S.
837 .623 or S4.l4 a share VS.
S4,930,984 or S3.5l in preceding
year.
Beech Aircraft In quarter
ended December 81 earned
S704.l6l or 25 cents a share VS.
S622.5l3 or % cents in 1861
period.
Seeburg Corp. in year ended
October 81 earned 81 .696,3i0 OF
80 cents a share VS.. Sl,05i,l45
or 55 cents In preceding year.
Evening star., 1963-01-09


for a 10 per cent stock dividend
In January, 1862.
A unit consists of one share
Of each company, which are
stapled together and are traded
IN this form.
Total income of the company
and its affiliate for 1862 ag-
gregated $2l ,921,257, compared
with $19,192,210 for the prev
ious year. Net operating income
before income taxes was So
1929 compared with $8,075,-
742.
Resources of American Sc
curity g. Trust Co. itself ag-
gregated $483, ,652,572 on De-
cember 81, an increase of $685.
968,483 from a year earlier
Deposits at the year end totaleo
S439, 9,293,927, an increase OF
$40, 9,745,677 from 1888, ,548, $50 at
the end of 1861.
The banks loans and dis
counts amounted to 1925, ,104,-
$40 on December 81, compared
with $l98,054,810 a year ago.
The bined earnings
statement was released prior to
the annual stockholder meet
tngs of both companies next
Tuesday at the American Sc
curity main building. The
banks meeting will start at II
am. and the corporations
meeting will follow.
Evening star., 1963-01-09
McLochIen to Increase
Stock; Earnings Rise

Stockholders of McLachlen
Banking Corp. yesterday ap-
proved an increase in author
lied capital stock to permit a
1921 per cent stock dividend
and an offering of 1000 shares
to stockholders at $75 a share.
L. P. McLachlen, board chair
man, announced that author
lied stock will be increased to
100000 from 100000 and that
the banks surplus will be raised
to 81 million from 100000.
The stock dividend will be
distributed on the basis of one
additional share for each six
shares now held. Stockholders
will receive rights to subscribe
for one new share for each
seven now held.
The banks annual report
signed by Chairman McLach-
len and President G. A. Pen
dleton, disclosed that net earn
ings for 1862 were equal to
S6.77 a share after income
taxes, compared with $4.79 a
share in the previous year.
Gross earnings we're the
highest in the banks history
despite increased operating
costs. Higher taxes and in
terest payments on savings ac-
counts were major factors in
rising costs.
Chairman McLachlen told
the stockholders plans have
been completed for a substan-
tial addition to the bank s
Southwest branch office at
Twelfth street and Maryland
avenue.
Construction will start early
this year. In addition to an
enlarged banking area, the two
story addition will provide Of
Evening star., 1963-01-09
Shift in Shuwiniqun

MONTREAL, Jan. 8 (AP) -
British American Oil Co., Ltd,
plans to increase it's holdings
in Shawinigan Chemicals, Ltd,
from the present 25 per cent to
6625 per cent, it was announced
yesterday by E. D. Loughney
president of British American
and j. A. Fuller, chairman of
the Shawinigan Water & Power
Co. Shawinigan Industries will
retain a 1878 percent interest
in Shawinigan Chemicals and
will hold the other non-utility
assets of Shawinigan Water &
Power.
Evening star., 1963-01-09
Hunt SIutes Meruer
FULLERTON. calf h

FULLERTON, Calf, Jan. 9
tAP).-Hunt Foods e. Indus
tries, Inc, is merging its Fuller
Glass division with Texas
Aluminium Co.. Inc, of Dallas.
The firms will be operated as
the Fuller Trimview division of
Texas Aluminium, the two par
ent firms announced yesterday.
Evening star., 1963-01-09
Directors Reelected
By Riggs Holders

All the directors of the Riggs
National Bank we're reelected
at the annual stockholders
meeting yesterday. They in
clude:
: Charles c. Glover, jr.; Mr.
Fleming, Morris Cafritz, Mel,
son T. Harrison. E. Taylor
Chewing. Andrew Parker
Arthur F. Hill, William T
Farley, Charles Stanley White
Evening star., 1963-01-09

flee space and adjoining park.
ing. The new facilities are
expected to include a drive-ir
window and walk-up window
The bank will transfer $780,.
900 from surplus to capital ac-
count and from proceeds of the
stock offering, 100000 will gc
to the capital account anc
100000 to surplus,
Mr.. McLachlen also an
nounced six officer promotions
including three new vice presi-
dents; L. P. McLachlen, ir., A
F. Seipel and Wilfred r
Dagan. All of them formerly
were assistant vice presidents
and are branch managers.
Rosalie F. Pearson, assist.
ant manager of the Southwest
branch, was promoted to assist.
ant treasurer. Anne c. Rider
and Ethel S. Miller also were
elected assistant treasurers.
All directors of the bank were
reelected at the annual meet.
ing. They include: Everett J
Boothby, Leonard B. Doggett
jr., Clyde D. Garrett, Emory L
Croft, John c. Harding, P. Y. K
Howat, Thomas P. McLachlen
L. P. McLachlen, George Miller
George E. Miller, G.. A. Pendle.
ton and Horace L. Richardson
All other officers were re.
elected as follows: Chairman
McLachlen, President G. A
Pendleton, Thomas P. McLach-
len, vice president; w. E. vii.
liamS, vice president and treas
urer; c. c. Guertler, William
M. Mcclure and E. M. Brother
hood, vice presidents. F. B
Poole, secretary; David G.
Poole, assistant treasurer anC
F. T. Kelly, auditor.
Evening star., 1963-01-09
API Names Ikurd

NEW YORK, Jan. 9 CAP) -
Frank N. lizard, a former Con-
gresham from Texas, was
named yesterday as president
of the American Petroleum In
Stitute, succeeding Frank M
Porter, who died November 30,
Evening star., 1963-01-09
METALS

NEW YORK, Jan. Q (APD.-Spot
non-ferrous metal prices today. Cop
ley. Lead 10 cents pound, New York.
Zinc IL u cents pound. East St. Louis.
Tin .l3i2 a pound, New York. For
eign silver 81 23 per troy ounce. New
York. Pittsburgh scrap steel No. /
heavy was quoted by Iron Age at
27.O0-2S.OO.
Evening star., 1963-01-09
ASST and Affiliate
Lists $4.4 Million Net
Up 16.2 Pct, in 1862
BY DONALD b. HADLEY
Star Financial Editor

The combined operating income of American Security g.
Trust Co. and its affiliate American Security Corp amounted
to $4894 4 for each unit of the companies shares
announced today by Robert c. Baker president both
This increase of 1872 cent from combined
earnings of $3266l4 IS 80 unit 1861 after adjusting
Evening star., 1963-01-09
OVER COUNTER

Following prices furnished by the Ma.
tional Association Of Securities Dealers
IN Washington represent the range within
which locally active securities could have
been bought or sold at II am. Wednes.
day, January 2, 1858:
naaLs aHd
Evening star., 1963-01-09
AMERICAN STOCK EXCHANGE
Sales High Low 200 Chs

FGEsss ) 0 =: As'fss 5 P % list sty@GTs @ most AeTMg fyE
Evening star., 1963-01-09
MUTUAL FUNDS

NEW YORK CAP)
- National Associa-
ton Securities Deal
nrs. Inc
St. Paul recorder., 1963-02-28
Mop Strategies For
Final EmonciP0tion
A. Mich. Meefino

Detroit. - Projecting strategies
Of the civil rights struggle during
the early years of the second CEN
tury of emancipation, NAACP Ex-
ecutive Secretary Roy Wilkins
predicted increasing resort to sell
ective buying protest drives, an
expanded and intelligent use of the
ballot in the North as well as in
the South, and "a wave of public
education" to help wipe out racial
discrimination.
Mr.. Wilkins remarks were
made during a two-day, Feb. 49,
IA, conference sponsored here by
Wayne State University in observ-
ance of the Centennial of the
Emancipation Proclamation. The
conference consisted of a sympos-
ium devoted to "Strategies of
s timulating g Change in Civil
Rights"
Also participating in the five
man panel were Whitney Young,
executive director of the National
Urban League; James Farmer, ma
tional director, CORE; DR.. Leonard
Moss, chairman, Wayne State
University department of sociol-
ogy; and Charles Quick, Wayne
law professor.
St. Paul recorder., 1963-02-28
Spectacular Breokfhrouqh

The most spectacular breakthrough of the year
was the successful military backed attack on die
hard Missssppis color line in higher education that
eliminated in the revolt and the subsequent admis-
sion of James H. Meredith to the campus of Ole
Miss. On the surface the racial gain Of enrolling
single Negro student in single school Of Southern
state appears insignificant But if viewed in the
light of Mssissippis avowed "over-our-dead- bodies
resistance and the federal governments precedent
setting action in crushing that resistance the enroll
ment can be chalked up a major victory for the
entire Negro race. Meanwhile, Meredith continues
his lonely stand against the insults and threats of
his white fellow students, growing number Of sim
iarly courageous Negro students eagerly pre-
pairing to consolidate his accomplishment and to
seek admission to Ole Miss and other all-white
schools
St. Paul recorder., 1963-02-28
Into white" COLLEGES

By the end of the year, there were more than
1000 Negroes enrolled in previously white colleges
and universities in the South Texas colleges alone
absorbed more than half of that number. While all
schools in Alabama and South Carolina braced them
selves against the inevitable change, such former
segregation holdouts Georgia State Duke Uni
versity, the University of Houston and Tulane Uni
versity quietly changed their policies to admit Ne
gro undergraduates for the first time All told there
were 29O public and private institutions of higher
learning (incuding several formerly all-Negro
schools in II Southern and border states that have
officially dropped racial bars
St. Paul recorder., 1963-02-28
Step By Step Retreat

Similarly in Southern primary and secondary
public education Jim Crow continued his step-by-
step retreat At the beginning of last fall 33 prev
iously all-whte Southern school districts conceded
to the creeping advance of desegregaton, thereby
bringing the total of tokenintegrated districts in
the region to 948an increase of 124 districts over
1861 At least "a other districts which had admitted
Negroes in previous years, added more Negro pupils
to their rolls in accordance with voluntary or court
ordered one-grade-a-year desegregation plans.
The biggest single gain in the desegregation
Of Southern private primary and secondary schools
was made in New Orleans following Archbishop
Joseph F. Rummels long awaited directive to in
tegrate all Roman Catholic schools in his archdo-
cese Under the directive, 100 Negro pupils
rolled in 36 formerly segregated parochial schools
despite abortve effort by white racists to boy
colt the schools Only at Our Lady of the Good Har
Dor School in suburban Buras where ex-communic-
ated poltico Leander Prerez had made his in
nuence felt, did boycott succeed Following the
New Orleans example, Catholic elementary and high
IL Negro students last fall
In Prince Edward County Va, where U.s.
ordered desegregaton ground to a standstiu in 1859
when local authorities closed all public schools
(seven white and 13 Negro) and established segre-
gated white private schools" the resulting dead
lock still prevails
With the exception of defiant Mississippi Ala
bama and South Carolina and several resistance
pockets such as the one in Virginia, there was
grudging - If only token compliance with the
law Of the land concerning free access to tax-sup
ported schools. Aside from the disturbances that
accompanied ntegration of the University of Miss
issippi and New Orleans Catholic schools, snail.