davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-08
By ROGER LANE

Assoeiated Press Business News writer
NEW YORK.-The country's
railroads are high balling to-
ward their best earnings year
since 1857.
However, If they hit that
mark, it will be due more to
Chinese bookkeeping" as one
financial analyst put it, than to
a rise in basic prosperity.
Moreover, the overall i'm
proven emit in fortunes has
done little for some Of the big
down-at-t h e-h eel Eastern
roads that have been sliding
toward bankruptcy.
Several Wall Street analysts
estimate 1868 rail earnings at
from $500 to $500 million. II
they top the $500 million
cleared In 1858. profits will be
the highest since the $737 mil
lion Of 1857.
The Wall STREET appraisal is
shared by economists Of the
American Association Of Rail-
roads.
Reflects Traffic Rise
The uptlrn, already realized
and prospective, reflects in
creased freight traffic. a usual
accompaniment OF a high level
of business activity.
Haulage of coal, the largest
single railroad tonnage item,
has risen markedly so far this
year and promises to continue
higher. Ore carriage Is up. So
are 'piggyback"-truck trailer
on flatcar-and manufactured
goods loadings.
The traffic recovery, which
started last year, halted a dis
NAL post-World War II down.
trend that spelled near-disaster
for some major lines and top
pied one, the New York, New
Haven and Hartford, into bank
ruptcy.
Some industry observers
question whether it will prove
enough to pull seriously weak
ened carriers out of the finan-
cial quagmire.
15-Year Low
In 1862, the second year of
the current business upswing,
railroads earned $571 million,
up sharply from the 1892 mil
lion netted the year b efore,
when profits hit a l5-year low
and returned less than 2 per
cent on investment.
Of this gain, an estimated
$3.50 million stemmed from new
Federal depreciation guidelines
and the 2 per cent investment
tax credit, both effective last
year.
It is here that unorthodoS
bookkeeping enters In. Under
usually accepte d accounting
procedures, the 1862 gain ovel
1861 would have been only $3S
million instead of $189 million
But the bigger jump went
into the record because OF the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-08
BankersName
W. F. Kelly
AsPresident

William F. Kelly, president
of the First Pennsylvania Bank
ing & Trust Co., Philadelphia,
was elected president of the
American Bankers Association
at the annual convention here
today.
Mr.. Kelly, who has headed
Philadelphia's largest bank
since 1855, will be indicted into
office at the second general
session tomorrow to succeed
M. Monroe Kindred, board
chairman of the relatively
small First National Bank of
Thomson, Ga.
Reno Odlin, board chairman
of the Puget Sound National
Bank of Tacoma, Wash, was
elected vice president and also
will take office tomorrow. Elec-
ton Of a treasurer is scheduled
tomorrow.
Mr.. Kelly started his bank
ing career with the Continental
Equitable Title & Trust Co. in
1928 and joined First Pennsyl-
vania in 1881. He has been a
director since 1858.
He has been active in the
ABA for many years and was
vice president in the last year,
During World War II he served
In Washington as director OF
the automobile and machinery
division Of the Office of Price
Administration.
He Is a director of many
corporations and has been ac-
tive in Philadelphia civic af-
fairs. He is a trustee of st
Joseph College and the Phil
adelphia Area United Fund. He
also is a past chairman of the
Catholic Charities Appeals and
a trustee of jefferson Medical
College Hospital. He is a d.
rector Of both the Greater
Philadelphia Movement and
Philadelphia Chamber of Com
merce.
Mr.. Odlin has been in bank
ing since 1922 and for six years
was a frequent Washington
visitor as representative Of the
18th Reserve District on the
Federal Advisory Council or the
Federal Reserve System. He is
a past president of the Wash
ington State Bankers Associa-
ton and also is active in civic
affairs. He Joined the Puget
Sound National Bank in 1886
as president and became board
chairman and chief executive
officer in 1868. He has served
as Oregon State chairman Of
the Treasury's Savings Bonds
Division.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-08

way railroads are required to
report to the Interstate Com
merce Commission, their Fed
eral regulatory agency on the
effect Of the depreciation and
investment credit reforms.
Loadings Hit Peak
Freight carloadings, the key
index Of overall rail traffic,
hit their highest level in two
years the last week of Septem-
Der, the Association of Ameri-
can Railroads reported a few
days ago.
This brought loadings for the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-08

State banks and which he felt
might destroy the dual banking
system.
Mr.. Saxon stuck TO his pre-
pared speech throughout ex-
cept for a few words at the
end declining further comment
on Mr.. Rockefeller's criticism,
which he said had been an
swered fully last spring in the
House hearings presided over
by Representative Wright Pat
man, Democrat Of Texas.
At least some Of the opposi-
ton to enlargem emit Of the
powers Of commercial banks is
"mischievous." the controller
said.
There is an evident thrust
today to loosen somewhat the
tight reins of public regulation
in banking and my office has
been among the first to take
steps in this direction" be add
ed. The bankers interrupted
with applause.
Turning to the opposition Of
some to enlarged underwriting
powers for commercial banks,
he declared: I'VE are presented
with the curious contention
that entry into this field would
actually lessen competition and
bring about undue concentra-
ton Of power in commercial
banks. The implication seems
to be that the best way to
maintain competition is to pre-
vent it. and that we will get the
most effective competition by
forming privileged cartels
which are sheltered from ri
valry."
Expresses Appreciation
Mortimer M. Caplin, Com
missioner Of Internal Revenue.
who also addressed the ABA's
National Bank Division at Con-
stitution Hall. thanked the
bankers for their help in per-
suading taxpayers to turn in
their account numbers for tax
purposes.
Legislation requiring these
numbers already is helping to
close one Of the largest loop
holes in the history Of the in
come tax. Already more than 2
million new social security
numbers have been issued be-
cause of the law. Some corpo-
rations urging their stockhold-
ers to register their numbers
have had as high as a 80 per
cent response after two letters,
he said.
Many people have reported
dividends for the first time this
year and have revealed divi-
dends as far back as 1918, he
said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-08
MCDONNELL GETS
NAVY CONTRACT

Mcdonnell Aircraft
Corp, st. Louis, was
awarded a $3i0,le1 ,443
Navy c contract for con-
tinued production of Phan-
tom II Jet fighters.
The award completed
funding Of $625,341,443 Of
the aircraft portion Of a
previously announced con-
tract covering the Govern
ment's 1868 fiscal year
which ends June 80. A Nc
Donnell spokesman said
Mcdonnell expects more
than 500 million in addi-
tional funding for spare
parts and support equip
ment included in the con-
tract"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-08

the sll.s billion originally fore
seen after allowing for the tax
cut.
Commitment Cited
The President has en-
phatically committed the Ad-
ministration to a course Of in
tensive expenditure control" he
said. Certainly the budget has
increased over the past three
years. But the great bulk of
that increase is accounted for
by the sharp stepup in our de-
Tense and space needs-and by
increasing interest costs that
are in large part the reflection
of responsible debt manage
ment policies and our efforts to
stem the outflow Of short-term
funds"
M. Monroe Kindred, outgoing
president of the ABA, urged
fellow bankers to cooperate
fully with any congressional
committee gathering informa-
ton in the area Of its RESPONSE
bility.
I'VE have a fundamental
responsibility to the people of
this Nation-and this means
their representatives, the Con-
gress-which we cannot ignore, .
he said.
Mr.. Kindred, who is president
of the First National Bank of
Thomson, Ga. referred to
surveys now being made by the
House Banking and Currency
Committee headed by Repre-
sentative Patman, Democrat Of
Texas.
However, we also resolved
that four safeguards should be
observed in the transition to
lower taxes. In shortened form,
they we're:
81. That the cut be tailored
to provide for sustained eco
nomic expansion, rather than
simply provide a one-shot boost
to the economy. and thus the
reductions should be both SUBJ
stantial and permanent.
20. That tax reductions
should be supplemented within
the bounds Of fiscal prudence
That is. we felt Government
spending over a protracted
period should be strictly con-
trolled.
20. We stated that the shift
to lower taxes should be spread
over more than one year.
q Our resolution finally
stated that augmentation Of
the program must be accom-.
panied by a willingness to en-
ploy maximum flexihility in the
use Of debt management and
monetary policy, including q
willingness to rely on market
forces for the determination Of
long-term rates Of interest"
In actions last night the
ABA's savings division en-
dorsed objectives of Nationa
Thrift Week, October 21-3l
and the ABA's savings bond,
committee pledged continuing
support of the Nations banks
for the United States Saving
Bonds program.
7 Opponents OF legislation de-
signed to enlarge the powers o.
commercial banks were scored
by James j. Saxon, Controller
of the Currency, in an address
to the bankers yesterday. How.
ever, Mr.. Saxon sidestepped {
debate with David Rockefeller
president Of the Chase Man,
haitian Bank of New York. whit
criticized Mr.. Saxon earlier IL
the day for policies affecting
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-08
Dillon Reassures Bankers
Tax BiIIWiII Raise Revenue,
Not Cut 1t, ABA Is Told
BY DONALD b. HADLEY
star Finance Editor

The nationwide celebration Of the Tooth anniversary Of
the National and the dual system Of State and ma
onal banks reached its climax at the seth convention Of the
American Bankers Association here today.
At the first general convention session at Constitution
Hall the broad educational program Of the Centennial was
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-27
Windsor's Return FizzIes;
May Pick Spain Instead

either, and machinery was set
in motion to find a suitable
appointment. As the negotia-
tons dragged out, however,
the future role Of the Duchess
became increasingly an issue.
A source close to the negoti-
ationS disclosed, THE Duchess
was not content to be accepted
she wanted to glitter. 1t
seemed that she was intent
on recouping on adulation
and flattery what she has
lost over the years since they
left England.
1T was not merely a mat
ter Of propriety and what the
British public would accept.
1t became quite evident that
the WindSors would mix with
Princess Margaret and Lord
Snowdon like oil and water,
and that their return would
generate endless friction in
side the Royal Family. In
short. the price simply was
too high, and the negotiations
had to be terminated"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-27
Miss Brun
Will Speak

Miss Alice Brun, the first
woman Executive Director Of
the international Bank for
Reconstruction and Develop
ment. win speak at q $50
pm. dinner meeting Tuesday
Of the area American Asso-
citation Of University Women
branches In the Educational
Center.
A native Of Denmark, Miss
Brun Is q former president Of
the Danish Association Of
University women and is
now treasurer Of the Inter
national Association. She is
also q member Of the Wash
ington Branch while here on
. two-year tour Of duty with
the World Bank, which gives
loans for power stations.
highways, railroads, irriga-
ton systems and industry.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-27

direct representative Of the
British Royal Family.
The Duke demanded the
conferral Of official status on
the former Wallis Simpson as
his Duchess (the title Is not
now officially recognized in
Britain), and tentative agree
ment was forthcoming to this
request. Burke's Peerage, Brit
aims blueblood register,
amended its listing procedures
to make possible the Duchess
inclusion.
Next, the Duke preached
the subject Of a suitable royal
appointment for himself. He
argued that 1t would not do
for a former King of England
to return from a long self
imposed exile abroad without
an appropriate gesture Of Of
ficial recognition. Besides, the
Duke contended, he was In a
position to render valuable
service to the nation.
There was not too much
boggling at this proposition
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-27
By MARGARET ANDERSON
Women's News Service

NEUTRALITY-SUSPICIOUS. for
the return Of the Duke Of
Windsor and his Duchess
to Britain have collapsed, and
instead, the Windsors are
likely to settle In Spain.
They have purchased a build
ing site near Marbella, in the
southern part Of that coun-
try.
After General de Gaulle
blackballed Britain's entry
into the European Common
Market. the Duke Of Windsor
opened negotiations with
Queen Elizabeth and mem
bers Of the government for a
Homecoming from France.
The Duke said that while
he was not an active party to
the Brussels negotiations, the
strain on Anglo French rela-
tons had placed him in q
difficult position. Rightly or
wrongly. he added, he was
viewed as q symbol II not
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-27
Miss Senter
Is Bride of
Mr.. BolIe

1t. Gen. and Mrs. William
o. Senter Of Washington an
nounce the marriage Of their
daughter Suellen to Mr.,
Frank K. Bolle, son Of Mr..
and Mrs. Maarten c. Bolle
Of Bethesda.
The wedding took place on
October 26 at the Boiling Air
Force Base Chapel with
ChaplainS 1t. Col Clarence
Hobgood and 1t. Col. Albert
A. Bhnke officiating.
The bride is a graduate Of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-27

the University Of Oklahoma,
and the bridegroom attended
American University and the
Universities Of London and
Maryland.
Following a honeymoon in
Florida and the Bahamas. the
couple will reside in Wash
tngton.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-27
A SeIIout

Former Ambassador of
Wet Nam Tran Van Chuong
will discuss the future Of
Wet Nam at q 1880 pm.
luncheon meeting tomorrow
Of the Woman's National
Democratic Club at club
headquarters.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-27
Members Tea Set

B'nai Israel Sisterhood will
hold a new members tea
tomorrow at / pm. at the
home of Mrs. Waltz Podrog.
Mrs. Harold Katz, club presi-
dent, win introduce the Of
ficers and committee chair
men.
Copper River current., 1963-11-07
LIONS CLUB TURKEY SHOOT

The Copper River Basin Lions Club will hold small bore Turkey Shoot on November l6
 beginning at 10 A.M. and lasting all day. The shoot will be staed at the Copper Valley School Gynasium. Those persons who tested their ability at the last Turkey Shoot on October will remember that small man named Ken Bunch to the shoot with large assortment of target rifles and loaded his Vy with Turkeys. ..ell now the Lions quickly rec rui ted this National rifle figure into the C.R.B.L.C. Ken will be on hand Saturday, November Is, but this time as a member of the Lions Commi ttee to help all shooters wi tn expert coaching. .e feel that Ken might be persuaded to display some of his target rifles which have him acclaim. The Lions have lots of Turkeys and bacon slabs on hand come down to the Copper Valley School gym md try your skill. There is no need to bring rifles because all 22's and ammlni tion will be furni shed by the Lions. Just come and win. Refreshments and hot coffee will be served by the Copper Valley school students.
Copper River current., 1963-11-07
BRQ..NIG CLUB MAS

The new BroWnie's s Club held it's first meet ing October 30 1t the American Legion Hall. lleven children were present Mrs. Mildred Hinshaw is the Brownie Leader, ably assisted by Mrs. AT. Clayton and Mrs. Orvis Clark. Members of the club are:
 Lori Major Maraley Clayton Susan Lambert Terri Martin Laura Brown Mary Brown .lndrea .illiams Gloria Blackburn Lucienne HinshaW Sheryl Miller Genevieve ri bbits
Copper River current., 1963-11-07
COPPER VALLEY HOLlEAAKERS

COPPER WILEY HOLlEl!AKER The Homemakers will have their monthly i meeting Thursday November 7, at the Glenn-, !: allen High School at 8: PM. Subjects of the evening: Film-'Take Can of Salmon ~ and demonstration on tieing bows for packages.
Copper River current., 1963-11-07
LIONS AND LIONASS BOARD MEETI NC

A joint board meeting for the lions and LiOness was held at the A.C.S. Rec. Hall. It was suggested that they sell brooms, apples, and light bulbs to raise funds for the eye conservation program. The next joint meeting will be at Tonsina Lodge on November II. The Lioness board meeting will be November 8 at the American Legion Hall.
  LION AND LIOl1.oS CLUBS TO MEET joint Lion and Lioness Club lIeeting is scheduled for November Il at Tonsina Lodge, Mile 79 on the Ri chardson Highway. The Clubs' Nleeting will start wi tn a .> omorgasbord dinner at -?.Nl. and conclude . with special program. Reports will be . made on oi gEt Conservation, Christmas activi ties, and other club pro- jects. The joint Lion-Lioness are a real oppo rtuni ty to dine out in the company of good and civic minded communi ty friends. Plan to attend:
 THE HAN .HO IS TOO BIG FOR 1 SMALL JOB IS TOO SM AI,I, FOR 4 BIG JOB!
 M
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-05-11

Here's How You Can Recognize Household Pests

the burrow." I should also
add it's SO lethal nobody but
an experienced Sam" or ex-
terminator should handle it
at all.
Well, the results were so
surprising that to this day
1 don't understand what hap
pened. The next morning, on
the lawn outside the care
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-05-11
BY ROGER c. WHITMAN
Stur Special Writer

Then he took out a big spoon
and put a heaping spoonful
Of the powder down into the
other entrance. Nov put an
other rock over this" he said.
I did, followed by several
shovels Of earth, well packed
down.
This gas is heavy" Sam
said, so 1t sinks down into
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-05-11

(b) have a large flat stone
ready to cover each.
After he closed up on
Saturday, he came over, with
a small can of deadly cyanide
powder.
OK" said Sam. Jam one
big stone over the back en-
trance, then pack a lot Of
dirt around it," / complied.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-05-11

with this deadly powder was
about six years ago. when a
voracious woodchuck set UP
housekeeping rights in the
middle of our vegetable gar
den. And the way he could
demolish a hundred-foot row
Of lettuce was as awesome
as 1t was irritating.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-05-11

fully closed entrance, was a
shovelfull sized heap of
thoroughly dead yellow-j jack
cts. And nobody was stung
around there for the rest of
the summer.
Sowing the Gorden
My only other experience
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-05-11

A licensed exterminator
came over, poured q table
spoon or so of this powder
down the burrows entrance.
I closed it with a large rock
and a few shovels of earth.
Mr.. Woodch uck never
showed up among our vege-
tables again.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-05-11

CONE OUT TO-DAY and share the excitement of Sterling Park
See hundreds of homes being built See 75acre
ton park nearing completion See magnificent rolling country
side See miles of newly paved Streets roads and driveways
See school and shopping being built See
of huge earthmovng machines in action In short
and exciting way Of life being created for you Sterling
Park. Models open 9 AM. to IL P.M.-Phone 47l452l.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-05-11

YOUR ENTIRE FAMILY enjoy the luxury of air cond-
toned FULFILLED living Sterling Park this if you
now Immediate occupancy after FHAVA processing available
models remaining in the first section of this planned community
APPLIANCES AND SETTLEMENT COSTS INCLUDED.
No hidden extras Tmeeeng General Electric appliances in.
clude clothes washer Dposa oven/range refrigerator Plus
central air conditioning And there's lifelong maintenance savings
in u Steel Homes Divisions precision engineered wall panels
COMPLETE FUN FACILITIES await your family There are
IS rolling of recreation land just for you OLYMPIC SIZE
SWIMMING POOL, l8-HOLE GOLF COURSE, TENNIS AND
LITTLE LEAGUE FACILITIES will open beginning June l.
Evening star., 1963-05-15
BY Carl Grubert

double agent; (b) shame &c,
distaste for fame.
o. Idyll: (a) cynosure Of al
eyes; (b) pastoral poem; (c)
lazy.
10. Impresario: (a) one easily
impressed; (b) boss Of chain
gang; (c) organizer Of con-
certs.
Answers: LIB; &c; 3-b: ABB;
5-a; &c; 7-a; 8-b; 9-b; l0-c.
Interested in improving your
command Of English2 Simply
send a self-addressed, stamped
envelope plus ten cents TO
William Morris, Good Gram
mar, in care OF The Evening
Star, for his helpful booklet
pointing out 10 Of the most
Evening star., 1963-05-15
WORD GAME
Find SO or more words in
sc HIS M A TIC

meaning "a heretic." Average
mark is 80 words; time limit,
35 minutes.
Rules Of the game. 1. Words must
be OF four OF more letters. 2. Words
which SECURE four letters by the ad.
dltlon Of s." such ~ bats" eats,
are not used. .. only one fotm Of Z
word IL used. 4. Proper names are not
used.
Evening star., 1963-05-15
WORDS, WIT
AND WISDOM
BY WILLIAM MORRIS

Here's another Of our multi
ple- choice memory ticklers
Try to match the numbered
word with the lettered phrase
closest in meaning TO 1t. You'll
find several really tricky words
so don't be too much surprised
II you don't score 100 first time
around. Answers down below
but don't peek.
/. Ichthyology: (a) treatment
Of skin diseases; (b) study oi
fishes; (c) analysis Of ancient
faiths.
2. Geriatrics: (a) science oi
sound: (b) language analysis;
Co study Of problems OF aging
3. Ibis: (a) crevasse in gla-
cier; tb) kind Of heron; (c)
Australian marsupial.
4. Germane: (a) Teutonic;
tb) closely related; (c) awk-
ward.
5. Habitat: (a) native en-.
vironment: tb) long standing
custom; (c) creature Of habit.
8. Gynecocracy: ta) govern
ment by incompetents; (b) gov.
ernment by generals; (c) gov
ernment by women.
Z. Histrionics: (a) acting
tb) eyewitness accounts; (c)
autobiography.
8. Ignominy: ta) acting al
Evening star., 1963-05-15
Answer 10 MUTTERED

Answer 10 MUTTERED
need, mere. meet. meter, mete, muted
nutter, mutt, uttered. TEEN, term,
teed tret' true trssa; soa emsSs' T,,Ss stvos Ssms
deter, deem, deer. demure, demur,
drum, duet,