davidaulloa/AmericanStories huggingface dataset:
The chronicle., 1963-12-23

(FrOm The Birmingham Post-Herald)
In a decision which seems to us so
eminently obvious as to be incontestable,
the United States Supreme Court has
held that a state has the right to en-
force its own laws.
Earlier in the year the court had
agreed that states may pass Socalled
''right-to-work' laws. These are laws
which prohibit labor contracts in which
employees working for a unionized COM
pany are compelled to join the union, or
in lieu of membership to pay dues to
the union.
But this didn't satisfy a Florida Retail
Clerks Union, which came back to the
court with the presumptuouS proposition
that even if a right-to-work law was
The chronicle., 1963-12-23
Churches And Propertv

Presbyterian official. He recently said,
with a touch of sarcasm that is not as
far-fetched as one might think, that
churches ought to be able, with pru-
dent management, to control the Amer
lean economy within the practicable fu-
ture.' This was his way Of undermining
the extreme distaSte he feels = a
distaste shared by more than a few
other religious leaders for the trend
toward church ownership Of property
and money-making ventures"
The chronicle., 1963-12-23

Latin America.
Business is relieved because
Mann - like his chief. President
johnson, who has always been
a favorite Of Mexican Ameri-
can voters in this country -
has never confused an anthem
tically liberal approach to Latin
America with any notion that
legitimate American interest
should not be fully projected.
This includes American proper
ty interests. For Illustration,
any further confiscation of
American property in Latin
America will surely not be look
ed upon kindly by the Washing
ton head of L~atin-American af-
fairs.
A peculiar ability to get along
with LatinS, meanwhile never
forgetting that he represents the
United States, Mann has many
times shown, most recently as
American Ambassador to Mexi-
CO. The regime there is leftist
though anti Communist, a n d
Mann is a political moderate
with a strong and open attach
ment to democratic capitalism.
Nevertheless, he Jared notably
well with President Lopez Ma
teo, who considers him one Of
the best Ambassadors ever to
serve in Mexico City.
And this is the reason: The
Latins like all other peoples, but
perhaps even a little more so
The chronicle., 1963-12-23

than most = respect honest
power honestly and fairly used.
They do not want from us mere
reformist : minded spokesman
awaSh with vague good will but
unable to perform. They W a
sympathetic spokesman, OF
course, but, most Of all, spokas-
men able to talk candidly Of the
candid purposes Of the United
States Government from a posi-
ton of personal closenesS to the
head of that government, he
President. AS much as anything
else, they want at all times to
know just where they stand
with Washington.
All over Latin America they
call Mann ~"Sympatico'' - not
meaning that he is a grooming.
ly sentimental friend but mean
ing that he is a practical friend
always ready to help but never
ready for a moment to let down
his own country. They know he
is sympathetic to their prob
lens; but they also know he ID
no Yankee apple polisher.
President Johnson, In fact,
heSitated a bit over this selec-
ton. This was not out of the
smallest doubt Of Mann's capac-
tiles. 1t was because this, his
first major appointment, ns3es-
Sarilv would involve a man from
the Presidents native state. IL
domestic politics had been a
point, Mann would not have
been the choice. The President
went ahead in the convic ION
that the problem of assisting
Latin America to come through
the twin curses of left-wing and
right-wing extremism, fed by
poverty and disorder, Is exceed.
ed in gravity only by the prob
lem Of keeping peace In a nu-
clear world.
But to say that few public Of
ficialS have ever entered high
tasks with more wide and gen.
erous backing is not by any
means to tell the whole tale.
All is not now well; everybody
will not now live happily ever
afterward. No informed person
can doubt that the road ahead
will be very long and rocky.
No informed person can sup
pose, either, that even the most
gifted director here Of Latin
American affairs can do in one
year, or two. or five, all that
must be done. Given great good
fortune we may now be at the
beginning Of a phase of pos
sible solutions for a huge area
bedeviled by Castroism on the
left, right : wing dictatorship on
the right and, often, public
apathy in the middle. That Is
the best that can be said.
The chronicle., 1963-12-23

.(From The Terra Haute, Ind, Tribune)
''There was a time in centuries past
when the church owned much Of the
best lands in Europe. Although the own-
ership pattern changed after the Refor-
nation, some churchmen are beginning
to wonder if the pendulum is not swing
ing back the other way in this country.
One prominent clergyman who has ex-
pressed his concern about this is DR..
Eugene Carson Blake, the nations top
The chronicle., 1963-12-23
David Lawrence .
Secret Service And FBI Duties
David Lawrence

WASHINGTON - Many peo-
pie are puzzled by the terms
"FBI" and ''Secret Service"
and there is a tendency to as
sumo that both agencies are
charged with protecting the life
of the president and members
of his family. Actually, this
duty is imposed by law only on
the Secret Service, which Is a
division of the Treasury Depart
ment. The Federal Bureau Of
Investigation, a division Of the
Department Of Justice, has no
statutory responsibilities relating
to the protection Of the pres
ident.
The Secret Service has only
about 400 agents, and they have
two primary responsibilities -
protection of the president, the
vice president and their fami-
lies, and the detection Of coun-
terfeiting Of coins or currency.
Lee Harvey Oswald, who as
saSsinated President Kennedy,
never at any time gave the
slightest inkling that he intend
ed to commit any act of vio-
lence. ALI through his life he
had been considered a tactiturn
individual and had avoided norm
al activities with friends. This
tendency toward solitude was
manifested even when ne was
in service in the Marine Corps.
Of the many people who have
been contacted by newsmen and
others interested in learning
about Oswald, all the inform
ants agree that he was an odd
person and encouraged very
few to seek him out. The record
shows recommendations for pSy-
chiatric treatment when he was
as young as IS years of age.
He never, however, earned a
reputation as being a vicious
person. There was not the slight
est evidence in the records of
either the Secret Service or the
FBI to indicate that Oswald was
likely to be engaged in any VIC
lence. Certainly no one had ever
heard him make any threats
againt the President.
1t has been suggested recently
that a person with OSwald'S
record might have been watched
on this occasion, because he had
once gone to Russia and re-
nounced his citizenship. 1t is
also a fact, however, that he
came back to America and was
helped by the United States
Embassy to make the return
trip. There was no evidence
that he was a person likely to
engage in violence.
There are many communists
or persons of communist SYM
patty in the United States who
have publicly expressed views
similar to OSwald's. Some have
even detected, either in the Ko-
rean War or under other cir
cumstances, but subsequently
have returned to their native
land. Unless such an individual
gives some sign of having be-
come violent, or threatens some
body with violence, there is no
inclination to single him out and
put him under constant guard.
The FBI has estimated it gets
at least 500 letters a week which
it puts in the ~"crackpot'- class.
Each is read and evaluated,
however, and appropriate action
taken where it is necessary. No
letters duplicating Oswald were
ever received.
Many statements have b e
The chronicle., 1963-12-23
Earnings Up, Debt Up
From The Jackson Clarion-L edger)

From The jackson Clarion-Ledger)
A couple Of news items out Of Wash
ington the other day were enough to
eau the average taxpayer to wonder if
two and two still make four.
The Internal Revenue Service announc-
ed it collected almost sos billion last
year on a floodtide of national prosperi-
ty. "No country eve had so many peo-
pie with so much money" said the state
ment. Meanwhile, back at the House
Ways and Means Committee the Trea-
sury Department urgently asked that the
The chronicle., 1963-12-23
John Chamberlain
The New Acheson

Jessup, now a member OF the
World Court at The Hague i'm
Holland, as his special adviser
on foreign affairs. The avail
ability Of Jssup Is predicated
on the idea that McGeorge Bum
dy, a Kennedy follower, will
soon want to resign his job as
White House foreign affairs
specialist. Since Acheson has al.
ways had the ear Of Lyndon
Johnson, there could be a pos
Sibility that his advice on this
business Of picking q success
sor to Bundy will be taken.
Well, the anti Communists
would certainly rise up In their
wrath If Jessup were to be nut
in any p~olicy-making or po-cy-
affecting position in Washington.
They remember Philip Jessup
as a man whom they considered
influential in the Institute Of Pa
cific Relations when it was IN
der fire for helping to pull he
rug out from under Chang al.
Shek in China. They recall mat
a U. S. Senate s~ubcommi.ie e
once said that ''the IPR h a
been considered by the Amari.
can Communist Party and by
Soviet officials as an instrument
Of Communist policy, propagan-
da and military intelligence"
They recall that Jessup once
vouched for the character Of AL.
ger Hiss.
Of course, 1t Is quite possible
that Philip Jessup, like Ache
son himself, has learned from
experience that the Communists
are willy opponents, and that
when they talk about "agrarian
reformers' or mon : aggression
pactS'' they really mean some
thing quite different. Times
change, and just as there is a
new" Acheson there could be
a new" Jessup.
The chronicle., 1963-12-23

Temporary debt limit be raised to $315
billion. 1t was pegged at 5000 billion only
a few weeks ago. BY an odd coincidence
the rise in the debt limit, which the
House committee approved, is almost
Identical with the income increase over
last year.
Logic would indicate the opposite. But
nothing is really logical in the stratos-
phere of big government financing. You
spend and cut taxes to increase income
and debt balloons as the tax collector
a fat.
The chronicle., 1963-12-23
ToddY's Scripture

And set up false witnesses who said,
This man never ceases to speak against
this holy place and the law;-Acts Glib.
The chronicle., 1963-12-23
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Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02
EAL AIR SHUTTLE
SETS NEW RECORD

NEW YORK (Special) y
Eastern Air Lines reported
that a new all-time record
of 2O,589 passengers were
carried yesterday on its air.
shuttle flights linking Bos-
ton New York Newark-
Washington.
This movement of stu
dents, Servicemen, family
groups and others returning
from the Thanksgiving holt
day week end, involved a
total Of 277 intercity flights,
Of which liz were regularly
scheduled departures and
165 extra sections.
The previous record had
been e sta Bills h e d last
Wednesday, November q,
when 17,571 passengers were
carried on the air-Shuttle on
a total of 245 flights, of
which 1872 were regularly
scheduled departures and
113 extra sections.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02
McLuchIen
Votes Stock
Dividend

Directors Of McLachlen Bank
ing Corp. have voted to issue a
12lz per cent stock dividend and
to sell additional shares to pre-
sent stockholders, the bank an
nounced today.
The dividend will be issued in
the form Of one new share for
each eight held. Then, as a Sec
Ond step, the bank will sell an
additional new share for each
nine held at that time.
Stockholders will be asked to
approve this plan at a meeting
in January.
The dividend and stock sale
will accomplish an increase in
the banks capital from $500, 900
to 81 million and in its surplus
from 81 million to $1.1 million.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02
Cary Praises Exchange
WATSON ABSORBS is OFFICES
OF BROKER IN SOY OIL CASE

NEW YORK (AP).-J. R. Wiliston Beane, Inc,
financially troubled firm suspended two days from the
New York Exchange has been absorbed BY WalSton Co.
The firms said last night that WillSton Beane's is
offices would open today with WalstOn clearing and con-
firming orders.
WalStOn of the two firms which provided loans
tOtaIng $4,000 to help WiSton Beane win reinState
ment on the stock exchange 1t suspended November
90 along with Haupt after Allied Crude OIL customer
filed in bankruptcy The stock exchange took iquda
ton of Haupt.
The statement of the merging firms said most employees
Of Wilston Beane are expected to join Walston.
table exception was Marvin Kantor president Of WiSton
Beane, who chose not to 60 with Walston
WilliSton Beane has about 5000 account holders.
Most of its stockholders also will become stockholders in
WalSton & Co.. the announcement said
Meanwhile, Bache Co. has taken over four Haupt
offices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02

.tention to the great increase Of
mergers among Wall Street
firms. He served notice that
these would be scanned for anti
trust violations.
Mergers Being Watched
He commented upon ''forces
moving towards concentration
in the securities industry
trend not unrelated to automa-
ton and its costs"
Mergers are being an
nOunced and local firms are
being absorbed by Nationwide
ones," he said.
In regard to mutual funds
and many representatives Of
this industry were at the con-
vention-Mr. Cary said:
I'VE have activated a broad
inspection program of invest
ment companies which is gra-
dually showing important re-
suits.
irregularities and violations
of the 1910 Investment Compa-
N.Y. act have been found, and
even larceny or violation Of
fiduciary responsibility uncov-
cred in a few situations.
Except for the latter, howev-
er, the basic problem seems to
be one of education, the under
standing of an act which has
meritoriouS detectives but is
complex"
Mr.. Cary also alluded to his
well-known position that expan-
sion of trust fund activitieS-to
permit banks to establish, in eff
feet, little mutual funds for such
investment accounts-must also
be subject to the Investment
Company Act and the Securities
Act.
"To u.s." he said, "all inveS-
tors in mutual funds should re-
ceive the same protection re-
gardless of whether the fund is
sponsored by a bank, an insu-
rance company, a broker, an in
veStment counselor or any
other person.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02
By SYLVIA PORTER

our sluggish growth rate in
recent years, our output is al
least $50 Billion below our
normal capacity to produce
and many factories are operat-
ing below their preferred,
profitable rate.
Prices Stable
The gap between what we
spend abroad and what we earn
abroad-the deficit in the ba-
lance of payments-is way
down from the near-cataStro-
phic rate of $5.1 billion rec
Orded in the second quarter.
But the deficit in our inter-
national accounts for the full
year of 1868 will approach $3.5
billion, another deficit is in
sight for 1864 and this red ink
is a constant threat to the dol
lars value.
Prices have been remarkably
stable in the last few years.
But upward pressures are
mounting and the danger of a
renewed price-wage spiral can
never be shrugged off.
Thus, Mr.. johnson takes over
the problems as well as the
achievements.
Our economic growth must
be accelerated to provide Jobs
for our mounting labor force
to take up the slack in produc-
ton, to create sufficient profits
and paycheckS to balance our
domestic budget. Our spending
abroad must be curbed and our
earnings abroad must be in
creased to narrow the deficit in
our balance of payments.
The tax reduction bill Mr..
Kennedy wanted so much is a
key to these goals. The speed
with which Congress passes the
bill now will be the first test of
Mr.. JohnsOn'S power and skill
as President.
Copyright, Hall Syndicate, 1868
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02
YOUR MONEYS WORTH
Crisis Steudiness
Cited as Strength

It Is a tribute to the basic
strength Of the United States
and to the defense network We
have created for the dollar thai
so little has happened in the
economy since President Kenne'
dy's assassination.
This is not a facetious com.
ment. Often what does not hap.
pen in the sphere Of finance is
as important as what does hap.
pen. Last week was an illuStra.
ton of this point.
The governors Of the Federal
Reserve System did not find il
necessary to call a special
meeting to ease credit to bolster
a faltering economy because the
economy didn't falter.
The Treasury's debt manag.
ers did not find it necessary Ia
alter their financing plans to
reaSsure the government Securi.
ties market because investors in
government securities did moi
panic.
Dollar Holds Firm
The central bankers of the free
world did not find it necessary
to take extraordinary steps ia
protect the dollar from a specu.
lative raid because the dollars
defense network preented spec.
ulation and the dollar held
firm.
Wall Streets leaders did not
find it necessary to act to pre-
vent a diSorderly slump in stock
prices because when the mark
cts reopened last Tuesday, what
disorder existed was more up
ward than downward.
Leading businessmen did not
find it necessary to reduce their
programs for spending on new
plants and equipment in antici-
patton of a showdown in the
economy because there are no
signs that Mr.. Kennedy's death
will be a direct cause of an eco
nomic showdown.
Budget officials did not find
it necessary to revise their
figures on the next budget to
fit President JohnsonS views
because Mr.. JohnsonS views on
the budget are generally what
Mr.. Kennedys were.
So it goes. But just as Mr..
johnson has inherited a sturdy
economy and a protected dollar
from Mr.. Kennedy, so he has
inherited the economic prob
lens that frustrated Mr.. Kenne-
dy from the start to the end of
his aborted term.
Our unemployment rate is
way down from the recession
level of z per cent. But after 80
months of sustained economic
advance, the overall rate still
sticks at 51z per cent and the
jObleSs rate among teenagerS is
15.4 per cent.
Industrial production is at
an all-time high and the Gross
National Product is climbing
toward 600 billion. But due to
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02

tne investment Bankers ASS0-
citation Of America, praised
the New York Stock Exchange
for its role In protecting the
10000 clients of Ira Haupt &
Co. The firm was suspended
from the exchange because Of
financial deficiencies, and the
exchange has earmarked as
much as $12 million to rescue
Haupt clients.
Last week the New York
Stock Exchange gave a dra-
matte, impressive demOnStra-
ton Of its strength and con-
Germ for the public interest by
taking action, in a specific
case, to support the position
it had publicly stated" Mr..
Cary said.
Prompt Action Praised
I'VE were, of course, graft
fled by this prompt and deci-
sive response to a public need
in a particular situation. This,
however, should not divert at
tention from the need for adop-
ton Of rules to prevent recur-
renee of the sorry situation
which gave rise to it,"
Mr.. Cary remarked that
some groups in the securities
industry stated recently that
"their concern for the financial
responsibility of m embers
avoided the need for action. 4"
This was in regard to recon-
mendations for reform pro-
posed in the voluminous report
of the special committee of
the SEC.
Fresh and imaginative think
ing of the type given to this
particular case must be deovted
to the general problem" said
Mr.. Cary. I'VE should not wait
for crises; but if one occurs, we
should profit from it and move
towards a lOng-range solution. /"
Mr.. Cary spoke on the second
day of the week-long convention
attended by 1900 at the Holly
wood Beach Hotel.
Mr.. Cary also turned his at
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02
Stouffer Foods Net
Increases in Quarter

Stouffer Foods Corp, which
has recently opened a restau-
rant in Washington, earned AZ
cents a share in the quarter
ended October 81, compared
with 30 cents a year earlier.
E Earnings totaled $546, 900,
compared with $415,OOO the pre-
vious year.
Stouffer also reported its
sales rose seven per cent in the
quarter, to SIS, O42, 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02
Midas in FuILs Church

A new Midas Muffler Shop
will open December 10 at 1901
Lee highway in Falls Church.
Midas international Corp. has
announced. The shop will offer
inspection and installation serv-
ice for mufflers, tail pipes, ex-
hauSt pipes, shock absorbers
and seat belts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02
Business Group Honored

The National Federation of
Independent Business received
a public service award from the
Small Business Administration
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02
Urges Measures to Prevent
Failures Such as Ira Huupt
By ED MORSE
Associated Press Business Writer

HOLLYWOOD, Fla. - William L. Cary chairman Of the
Securities Exchange Commission told assembled investment
bankers today that should be adopted to prevent
of the kind Of situation which led recently to the
shutdown of an old-line New York brokerage house
Mr.. Cary, in address at the SD annual convention of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02

at a ceremony today at SBA
headquarters here. The award
recognizes the trade groups
work in promoting the interests
Of independent businesses.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-12-02

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