davidaulloa/AmericanStories huggingface dataset:
Evening star., 1963-01-08

the report listed net operating
earnings of $4,588,247 or $11.39
a share after income taxes,
compared with $4,675,274 or
$ll.61 a share in the previous
year.
Including non operating
items, total net income was
$5,316,381 or $500 a share VS..
$5,348,6O3 or $13.28 a share in
1861.
Although total net income
was off slightly from the pre-
ceding year. it was far ahead
Of any other previous year, 1t
contrasted with S4,833,933 in
1860, $3,643, 1893 in 1859, 1893 :
a95 in 1858, and $l,6O2,354 in
1858.
Total operating income for
1862 amounted to $22,7l5,416,
compared with $21,537,272 in
The preceding year.
New Records Set
Assets reached a new all-time
peak Of $598,024, 1853 on Deem
Der 81, compared with $572,-
SOL, ,l49 a year earlier. Deposits
also set a record of $552, ,005, 1892,
compared with $528,83l ,058.
Totals for the end of various
years we're listed to show the
growth of Washington'S largest
banking institution:
Evening star., 1963-01-08
-Four Win Promotions
At National Savings

At a board meeting preceding
the annual stockholders meet
ing of National Savings and
Trust Co. today, directors pro-
NOTED Peter j. Mclaughlin to
assistant trust officer, President
Douglas r. Smith announced.
Other promotions included:
Benjamin o. Wood to assistant
auditor, John r. Selinger to
assistant secretary and Charles
o. Calvert to assistant trust in
vestment officer.
Mr.. Mclaughlin formerly was
assistant trust investment Off
Ger and has been with the bank
since 1857. Mr.. Wood Joined
the company in 1854 and Mr..
Selinger has been associated
with it since 1859. Mr.. Calvert
joined the staff in 1861.
Evening star., 1963-01-08

several Middle Atlantic States.
He is director of the Wash
ingotn Building Congress, Fed
eral City Council, Columbia
Hospital for Women and the
Boys Club of Greater Wash
ington.
Gross income of Union Trust
Co. amounted to $6,989, ,685 in
1862, compared with S6,508,362
in the previous year. The bank
paid $1,492,957 of interest on
savings and time deposits in
the year, compared with ST.
006,735 in the previous year.
Loans and discounts totaled
$85, ,948,6 ,608 at the years close,
compared with $7l,512.899 a
year earlier.
Capital funds aggregated
S10,157,442 compared with So
613,006.
New Branch TO Open
Mr.. Harrell pointed out that
Union Trust soon will open a
new office at Seventeenth and
L streets NV, to be known
as the Midtown Branch.
Ferdinand E. Walter, a vice
president, will manage the new
office. Ht now is managing the
office at Wisconsin and West
ern avenues NV.
Stockholders reelected these
directors to the banks board:
Donald S. Bittinger, Arch N.
Booth, Justin D. Bowersock,
w. Cameron Burton, j. Wesley
Clampitt, jr., r. Roy Dunn,
Newell w. Ellison, VIM. Sharon
Farr, Everett Flood, Warren r.
Forester. Frederick J. Hass.
George E. Hamilton, Jr., Mr..
Harrell, Lindley w. Holbrook,
Page Hufty, Godfrey w. Kauff-
Mann, Milton w. King, Robert
Lee OBrien, jr., Daniel w.
ODonoghue, Maj. Gen. George
Olmsted, USAR; Robert o.
Scholz. Alfred Stidham, Fred
erick Stohlman, and Arthur L.
Thompson.
Evening star., 1963-01-08
Busch to Address
Capital Analysts

August A. Busch, jr., board
chairman and president of An
heuser- Busch, Inc, and presi-
dent of the st. Louis Cardinals,
will address the Washington
Society of Investment Analysts
at an Occidental Restaurant
luncheon Wednesday.
He will discuss the outlook
for the brewing industry in
general and his own company
Evening star., 1963-01-08
Profit-Shoring Voted
By Harrison Bros.

Harrison Bros, Inc, has
created an employe profit-shar-
ing plan, Elective December 81
President Louis Harrison an.
nounced.
Samuel Harrison, treasurer
of the wholesale plumbing and
heating supply company, pre-
sented a check to trustees oi
the plan covering the first
years contribution.
Attorney julius I. Fo2
drafted the plan and Louis c
GrosSberg, certified public &C.
countant. will provide account
ing services.
Evening star., 1963-01-08
CHICAGO
LIVESTOCK
CHIcAGo. Jan. s (APl.-

CHICAGO, Jan. s (AP) -
Cattle 1000; calves 100: slaughter
steers uneven, high choice and prime
strong to 25 higher; average choice
and below slow, mostly steady; heifers
lower, instance 90 lower on Gamers
and cutters: bulls steady; feeders
steady: couple loads prime ,25O-1 300
lbs. 20 .25-2975: bulk choice 95O-l 300
lbs. ~ ;50-29, ,00; good 25.0O-27 .25:
around 1925 70. heifers 2S.75: choice
S50-1 900 lbs. 26.75-27.15: good
24.5O-26.25: utility and commercial
cows l4.O0-16.0o few &c 80; Gamers
Gamers g.OO-lO.5O: utility and COM
mercial bulls la.OO-21 so: few good
and choice 60O-s00 ID. feeding steers
24.25-26.25.
Evening star., 1963-01-08
METALS

NEW YORK, Jan. & (AP) Spot
nonferrous metal prices today: Copper
81 cent a pound, Connecticut Valley
Lead 10 cents q pound, New York
Zinc IL "a cents a pound, East st. Louis
Tin ll3la pound, New York. For
eign silver .221 per troy ounce, New
York. Pittsburgh scrap steel No. /
heavy was qquoted by Iron Age at
% .O0-2S.00.
Evening star., 1963-01-08
$42 Million Contracts

NEW YORK, Jan. 8 CAP)-
General Electric Co. has re-
ceived two Air Force contracts
totaling s42 million to build
helicopter and jet aircraft en-
gines. In addition, the Navy
awarded General Electric a SIT
million contract for secret COM
munications equipment.
Evening star., 1963-01-08
Earnings

earnings of $45.4 million, OF
.$l56 a share for the first six
months of its fiscal year VS.
S3l.8 million or $1.09 for the
comparable period a year ago
IDow's fiscal year begins June
but is being changed this year
to the calendar year.
Great Atlantic g. Pacific Tea
Co. in 80 weeks ended Novem-
ber "a earned SAILS million or
SLIT a share VS.. SAL 100000 or
Sl.78 in 1861 period.
International Shoe Co. in
year ended November 30 earned
$7,071, 900 or $2.12 a share VS.,
S., ,191,178 or $l.53 in 1861.
Consolidated Foods in "a
weeks ended December Is
earned $4,272,412 or 80 cents a
share VS.. $4,l67, ,529 or 81 cents
in 1861 period.
Grand Union Co. in mint
months ended December
earned. So, ,2OO,542 or "a cents g
share VS.. S4,946,884 or $1.O2 ir
1861 period.
Ryan AerOnautical in year
ended october 81 earned So
million or $1.78 a share VS.
$3,304.645 or $1.78 in 1861.
Jim Walter Corp. in 3 months
ended November 80 earned
S45l ,236 or % cents a share VS.
S302.494 or 16 cents in 1861
period.
Evening star., 1963-01-08
BUSINESS
BRIEFS

United Fruit Co. announced
plans to spend approximately
$40 million for purchase of its
common stock from sharehoId-
ers, January % was set as a
deadline for the purchases at
not more than S26 a share.
Sears, ROebuck e. Co. De-
cember sales totaled $610, ,799, :
40l, up $3.50 from 1861; for IL
months $4,555,512,874, up 11.7%
from 1861.
Aldens, Inc, December sales
totaled $24,751,3l1, up 1870
from 1861; for IL months
$l73,745,337, up 11.78o.
Evening star., 1963-01-08
Riggs National Profits
Off Slightly, but Assets
Go Above $598 Million

Earnings of Riggs National dipped slightly in 1862
although assets and deposits advanced atme records
at the years end the annual report from Board Chairman
Robert Fleming and President Richard A. Norris disclosed
today
Presented stockholders meeting this morning
Evening star., 1963-01-08
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 pm. Tuesday,
January 8, 1868:
Ranks and Insurance Comnanies-
Evening star., 1963-01-08
AMERICAN STOCK EXCHANGE
Sales High LOW 200 Che.

Furnished INCLUDES MOST ACTIVE ISSUES
Symbols Explained Following Exchange I)
Evening star., 1963-01-08
Higher Rates a Factor

The relatively small decrease
In earnings was due mainly to
an increase in interest rates on
savings accounts and time de-
posits, effective January /
1862, the report said.
AS in all banks, other oper-
ating expenses also have in
creased, particularly those rel
ative to automation and the
microfilming of records, II
added.
During the installation Of a
new automation system of ac-
counting. the old system also
has been maintained and the
costs of the dual systems will
continue to add to expenses in
1868 and 1864, but substantial
economies are expected when
automation becomes fully OPP
erative.
Riggs paid out $2,114,044 of
cash dividends in 1862, COM
pared with $2,033,5O9 in 1861
and $1,700,527 in 1860. other
annual dividend totals: 81, $685. =
72O in 1859; $1,47O,6O0 in 1858;
s1,413,000 in 1857; $1,305, 900
in 1856; 1892, 500 in 1855:
s980,000 in 1854 and $750,000
in 1858.
Capital accounts reached a
new high of $42 ,439,641 at the
year end, compared with $780,
969,080 a year earlier and $29.-
R97,7l4 five years earlier.
Gross loans amounted to
S295,615,077 at the years end,
compared with S274,441,814 a
year earlier and $l85,664,542
five years earlier.
Trust Work Expands
The banks trust department
had a very successful year and
business volume reached a new
high, despite the stock market
break in May.
The approximate value of the
personal trust assets totaled
$763,311,940 at the year end VS..
$759,097, ,96l a year earlier and
$272 1888, ,401 five years earlier
The total was $107,821, 1893 at
the end of 1858.
The department also in
creased its corporate trust ac-
tivities. 1t now is acting as
trustee under corporate b n d
issues with a part value OF
34,242, ,760.
The banks foreign depart
ment expanded its activities in
the year as the number OF
foreign governments and mis-
sions assigned to Washington
increased.
Riggs expects to open two
new branches in 1862, one in
the Universal Building North
at Connecticut avenue and I
streets NV. and the other al
Evening star., 1963-01-08
TREASURY BONDS

NEW YORK (AP) Noon over the
counter US. Government Treasury bonds,
bid, asked, net change and yield for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-20
In the Dark

At long last, after weeks of rather
silly righteousness, the United States
has re-eStablished diplomatic relations
with Honduras and the Dominican Re
public. The military juntas in both
places, especially in Santo Domingo,
have long since proved themselves to be
rather better, and more appealing to the
people, than the regimes overthrown in
their coups.
Our Governments harsh reaction to
these coups Is one Of those things that
may remain forever a mystery Possibly
some historians will eventually be able
to rationalize the whole business and
untangle the plot. Meanwhile, though,
here we are in the dark. Why did our
Government, which leaped so quickly
to recognize the VietnameSe homicidal
coup, deal so meanly with the non
homicidal and altogether respectable
people involved in the Honuduran and
Dominican unpleaSantries2 We pause
for a clear and definitive reply, but
we don't expect to get any.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-20
Riot in Moscow

The African riot in Red Square,
under Nikita Khrushchev's office win
dow, adds up to an event of more than
middling significance. What it demon
strates, for one thing, is that young
Negroes from countries like Ghana-de-
spite all the brainwaShing they have
been subjected to in Moscow-have
learned that the realities behind the
Iron Curtain do not jibe with the Krem-
Inns noisy egalitarian propaganda.
This propaganda has been designed
primarily to damage the United States
with campaign Of atrocious distortions
about the race problems we face. As
the Moscow demonstration suggests,
however, the students from Africa feel
that the white man in the USSR is a
hypocrite when he talks - and lies -
about the status Of the Negro in Amer
lea. These young people apparently are
beginning to realize that they would
be better off, Intellectually, economic
ally and socially, If they were studying
at universities on the free side Of the
Iron Curtain.
Good. If the youth Of Africa turns
away from the Communist world and
seeks education in the United States
and other Western lands, the future
Of the Dark Continent will brighten
considerably. The disturbance in Mos
COW suggests that this is not an idle
thought or empty possibility.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-20
Sail On, Noble Scow!

In the political history Of modern
times, beginning in 1776, that last is a
greater achievement than may be
thought by those impatient for twin
diesels on the legislative end Of the scow.
We call ourselves young country and
we are. But our form of representative
government Is the oldest continuing po-
litical system in the world. At its own
steady pace the Scow proceeds on the
river of time, while, flasher craft have
gone aground or gone to the bottom.
The great Stabilizer Of that system
is the very slow-poke quality built into
the elaborate constitutional separation
Of powers. We are a Federal Union as
well as representative democracy.
Those two characteristics create the
two houses Of Congress and lead direct
ly to the sometime maddening delibera-
ton Of the deliberative body.
1t may be doubted that tinkering
within the constitutional framework is
going to change much. The heavily de-
rided House Rules Committee, for in
stance, was created in Just such a spirit
of tinkering, as an antidote to the power
Of the Speaker early in this century.
Like Aesop'S frogs, Congress moved from
King Stork to King Log, exchanging one
set Of disadvantage" for another.
The governing disadvantage, how
ever, remains the nature Of our free
society. It is not hard to devise efficient
systems Of government. The trick is
to find reasonable compromise be-
tween efficiency and restraint.
In time Of real national crisis, Con-
gress has proved again and again that
it can move swiftly in creative collabo-
ration with the executive. Measures
exist by which dedicated majority can
at any time make things move in either
house. Finally, the electorate itself can,
If it wishes, create a whole new ball
game in Congress every two years.
When none Of these things happens,
1t may reasonably be doubted that a
national crisis exists. It may be assumed
that Congress, in its fashion, reflects
the will Of the country to go slowly.
Speaking for minority Of the press,
we extend Seasons Greetings to a bat
tered, noble, much-maligned but still
enduring, old Scow. We expect it will
be afloat long after the present storms
are stilled.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-20
Host Cut

The elimination from the District
budget Of a $685. item for the Met
ropolitan Washington Council Of Gov
ernmentS had to be the result of
wild-sw1nging meat ak. Surely the
House-Senate conferees would have not
stricken this paltry sum If they had
been aware Of the effects.
For their action strikes blow at
the whole Washington region. In brief,
the $25,5O0 represents about half the
Districts contribution to the costs of
the regional organizations program this
year. The city share of 500 was de-
termined by the Districts population
In the region. Eleven other local juriS-
dtctions already have handed over
amounts which, in relation to their
populations, are comparable. Ironical-
ly, most Of the $685. 500 would have been
used to finance a study which has far
more value to the District than to the
suburbs And there Is talk now, &C
cordingly, that some of the suburban
money may have to be given back.
Representative SickleS of Maryland
tried to make this clear Just before the
budget was approved. BY that time,
however, the House was in no mood to
listen.
The suburbs should not, of course,
cripple the Council of Governments
program by demanding their money
back. No doubt they will understand
that the fault was not the Districts
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-20
Wrong Signals

Mr.. Pete Retzlaff, the capable end
Of the Philadelphia Eagles, is bound
and determined that Congress should
write depletion allowance clause for
athletes into tax reduction legisla-
ton. Mr.. Retzlaff'S argument is that,
since an athletes productive years are
numbered, he should be given a write
off In the fat years to balance the ex-
pected lean years to follow.
There is much here that is plau-
sible and 1t would be nice to oblige
the touchdown makers and home run
Sluggers. But athletes hold no monopoly
on depletion Of human stamina and
SkillS. Do they deserve more prefer
entail treatment than juvenile stars,
singers, ulcer-prone business executives,
romantic actors, burleSque queens, air
plane hoStesseS, non-tan1ers, astronauts,
deep-sea divers, Presidents Of the United
States, pile-driver operators gold-pros-
pectorS, wine = tasters, ballerinas and
myopic editorial writer's to name a
few?
Really, we find it hard to become
depressed about the plight of the ath-
lete. The good ones make it big. The
average ones are probably doing better
than they could in another career. Many
OF them have gained college educationS
on athletic scholarships. All are privi-
legged to save their money and to put
1t into business Of their choice. In
short, Mr.. Retzlaff Is way offside on
this NAV
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-20

AS Congress arrives at a recess
which in other years began three to five
months earlier, an anguished cry arises.
The situation, we are assured, has be-
come intolerable. Congress must be re-
formed. Archaic rules must be brought
up to date. Obsolete procedures must be
abandoned. Institutions like the Rules
Committee in the House and the right
to filibuster in the Senate must no long
er be permitted to Illustrate the will OF
the people as expressed in bills sent over
by the administration.
Like any human agency Congress
no doubt can always profit from fresh
examination Of its ways and from bit
Of judicious tinkering. But it is GER
tainly true that the only body legally
empowered to tinker with Congress is
Congress. If Congress doesn't do 1t, 1t
won't be done.
Since the members of Congress do
not appear to be exactly rushing to do
the Job, it may behoove the rest Of US,
non-members, to use the recess to gain
q little perspective on the problem, If
problem there truly is.
In the perspective Of time, as
Senator DirkSen recently pointed out,
whatever else 1t is, the problem" Of
Congress Is not new. From the earliest
days Of the Republic, editors and ad-
ministrators have aSsailed the national
legislature as leaderleSS and unw1eldy,
balky and indolent. The Senator pro-
duced, among many examples, the con-
gressional "crisiS" In the press Of 1886
81. The oath Congress was seen as a
weak, bigoted, prosecuting, and intol-
Grant set Of instruments of malice and
every hateful passion" Among the in
Struments were Henry Clay, Thomas
Hart Benton, James Buchanan, James
X. Polk, John Quincy Adams and Sam
Houston.
There is also a perspective Of pur-
pose. Historically and at the moment
attacks upon Congress are based on
what 1t doesn't get done. But, contra
dictory as 1t may sound, this is one Of
the great values Of the body.
Senator Dirksen, in a appropriately
homely smile, said, "Our Government
Is much like an old scow. 1t does not
move fast; it does not move very far
at one time: but 1t does not sink"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-20
Recount in Fairfax

The dismal spectacle Of
yet another ballot recount,
this time for the Dranesville
seat on the Fairfax Board
Of Supervisors, raises the
question, why can't Fair
fax County use voting ma
chinese"
The county executive,
Carlton Massey, says he pc
riodically includes $4,000 in
the budget for purchase of
voting machines, but the SUI
pervisors delete the item on
the ground it is too much
to pay for machines which
would be used only one day
every few years.
Do you suppose that one
Of the large foundations
might be persuaded to make
a Christmas gift of some
voting machines, or the rent
al thereof, to Mr.. Massey in
the interest Of strengthen
ing democratic procedures2
Bennett Willis, jr.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-20
A BOOK FOR TO-DAY
We Have No Alternative
BY DONALD MINTZ

tant husband, from whom she
eventually separated, made
their way to Palestine, where
they shortly found places at
the kibbutZ COLLECTIVE FARM
Herhavia.
In time she left the hbbutz
and she soon became one Of
the leaders of Histadrut, the
labor organization. From
the outset" writes Prof. Syr-
kin, "she was a leader who
was a woman rather than q
woman leader"
Her life became one Of con-
tinuous public service In the
labor movement and then, aft
er the establishment Of the
state of Israel in 1913, as Ann
bassador to the Soviet Union,
Minister Of Labor, and For
eign Minister.
Prof. Syrkin details her
vast and heroic labOrs in
these posts without permitting
her personality to be sub
merged. The book is both q
personal and a political biog-
raphy, written in a smooth,
cheerful and unpretentious
style.
Looks Ahead
The story Of the creation Of
Israel, remarkable as 1t is,
lies in the past. Prof. Syrkin's
book also contains glimpSeS Of
the present and implied proph-
ecieS Of the future that, for
once, are hopeful.
Israel's increasing and ra-
cially mselfconscious COOP
GRAFTON with most Of the new
states of So-called black Afri-
ca is a promising develop
ment due in part to Mrs.
Meir'S practical idealism.
Then too there is the ten
dency for the doctrinaire egal-
itarian collectivism of the kib-
butz to persist in a healthy
and ameliorated form.
The Foreign Minister must
have help in her home, but
there is no reason why the en-
tire household should not eat
together at the kitchen table,
and much reason why they
should.
1t is good to think Of the
beneficent influence Of Mrs.
Meir in a world where such
influences are all too rare.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-20
Stage Set

The House Of Representa-
tives has a rare opportunity
to serve the Nation.
The stage seems to be set
for passage Of the civil rights
bill now because Of certain
existing conditions. As q peo-
pie we would welcome an act
Of national discipline.
We have been deeply shocked
by an act Of lawlessneSs In
our country; we want to re-
assure ourselves, and the
watching world, that we are
still a law-abiding people and
still striving for social JUS
tice through the law. As q
people we would welcome the
chance to express our sor-
row over the lawless act and
the personal tragedy 1t caus-
ed. We would like to par
ticipate in q tribute that de-
mands q measure Of self-sac-
rifiee from each Of US; not
Just an easy gesture but q
tribute that somehow, by its
own high purpose, dignifieS
that dreadful event. AS q
people we want to show the
world that we support our
new President. We see the
danger ahead If our cold war
enemies mistakenly conclude
that we are divided. And
lastly, as a people, though
the Christmas season is upon
us, we are not joyous. The
tragedy Of November % is too
much with us and the
Christmas message Of good
will among men seems to ask
more Of US that the usual
holiday merriment and ex-
change Of gifts. We long to
do something worthy Of this
time and this season.
The stage is indeed set.
But will Congress hear its
cue? Will it sense the mood?
Or will it let the precious
days slip by? The political
moratorium will be over soon
and the presidential cam
paign underway. Is it real
istic to expect Congress to act
then If it won't act now?
Elizabeth L. ScuIl.