davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-05
Hope for Urban Affairs
Unit in '63 Seen Dead

init a reorganization plan this
year, as 1t did unsuccessfully
last year. for establishment Of
a Department Of Urban Affairs.
But such a move next year on
the eve of the 1864 election
apparently was expected by
many House members who voted
for the amendment yesterday,
Representative Moss. Democrat
of California. charged that the
amendment was designed pri-
marily to block creation of an
Urban Affairs Department.
Advocates of such a depart
ment still could introduce a leg
islative bill to set up the de-
partment, but 1t would have to
go through the House Banking
Committee and would face
shelving or long delay In the
Rules Committee.
1862 Move Defeated
Last year the House rejected,
264 : $50, the Presidents pro-
posed reorganization plan for
establishing an Urban Affairs
Department. Mr.. Kennedy said
at the time that Robert C..
Weaver, Federal Housing Ad-
ministrator, would have been
nominated for the cabinet Of
flee as Secretary of Urban At
fairs. Mr.. Weaver is a Negro.
The House vote yesterday
showed that most Republicans
and Southern Democrats voted
for the amendment sponsored
by Representative Brown, Re-
publican of Ohio. Only a hand
full of members, however, sup
ported an unsuccessful move by
Representative Meader, Repub-
lican, to kill the entire extern
sion bill.
Democrats. urging another
two-year extension of the re-
plan without limi-
tation on the Presidents au-
thority recalled that such a curb
never was urged by Republic
cans during the Eisenhower adj
ministration.
They noted that.President FL
Senhower submitted a reorgani- |
cation plan for creation of the
Department of Health, Educa-
ton and Welfare. Majority
Leader Albert urged Republi-
cans to continue the law UNI
changed "as a matter of fair
ness"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-05

Any lingering chance for
congressional approval Of a De-
partment of Urban Affairs at
this session was regarded today
as having been demolished by
a House blast against the Pres
ident's authority to submit
governmental reorganization
plans.
The House late yesterday
passed a bill extending for an
other two years the 1949 Re-
organization Act which gave the
President authority to send
such plans to Congress. But by
q 227-173 roll call vote the
House adopted a Republican,
sponsored amendment to pre-
vent the President from pro-
posing creation of a new execu-
tive department in that man.
ner.
Can't Be Amended
Reorganization plans sent to
Congress by the President UNI
DER the l949 law automatically
lake effect unless specifically
blsapproved by either House or
Senate within so days. More
over. reorganization plan reso-
buttons have to be voted up or
DOWN without opportunity for
amendment.
The Kennedy administration
has indicated 1t would not SUBJ
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-05

require them to declare IN adj
vance their choice for President
and Vice President, which would
also prevent unpledged electors.
Senator Dirksen said he thinks
the Mundt plan is the only one
which has a chance Of getting a
majority in the subcommittee.
Senator Heating. Republican
Of New York, also on the sub
committee favors a third plan
to do away with the electoral
college entirely and have q Ma
tion-wide popular vote for Pres
ident.
Must Clear Committee
Even II the subcommittee re-
ports out a resolution IL will
have to clear the entire Ju-
dietary Committee before reach
ing the floor. In 1850 the Sem
ate passed the plan for
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-06-05

When it's important to get from Here to There time m stretch the miles
between fills it's good have MPG going This formula
Threats cauors clean and harmful
miles gallon driving emembr-famu Uneadd
AMocoo and AMERICANA Regular why
millions mot speck of toubhw
Evening star., 1963-05-31
Weeks Store Sales
Decrease z Per Cent

Department store sales in the
Washington area decreased 2
per cent in the week ending
May Is from the preceding
week but were up 5 per cent
from the same week a year ago,
the Federal Reserve Bank in
Richmond reported. For the
four weeks ending May 25
they were up . per cent over
the same two weeks In 1862
and 5 per cent for the year TO
date.
For the downtown stores,
there was no change from the
preceding week nor from the
same week q year ago. How
ever. for the four weeks ending
May rs sales we're down 2 per
cent from a year ago but up
/ per cent for the year TO date.
Evening star., 1963-05-31
TV'Option Time
Deals Outluwed

The Federal Communicate
Commission has outlawed q
long-standing television net
work technique for getting To-
cal television stations 10 air
network programs.
II prohibited. effective Sep
tember 10. the use OF option
time" agreements between sta
ton operators and the net
works. Under these arrange
ments the networks could OBJ
tain q commitment from affil-
lated stations 10 broadcast up
10 10 hour a day OF network
material.
The FEC decision which Is
sure 10 evoke strong protests
from the networks reflects an
about face In the commissions
since 1850. At that
time the FEC ruled option
time agreements we're neces-
sary 10 network operation and
we're In the public interest.
Evening star., 1963-05-31
U. S. Expects Record
Influx of Tourists

billion. an increase Of 9 per
cent over 1861.
Thus. the tourist dollar gap"
remained large.
The travel service, created
within the Commerce Depart
ment, operates offices In Lon
don. Frankfurt. Paris, Rome
and Tokyo. In areas served by
these offices. the service says,
the pickup In foreign travellers
was sharper than from other
areas last year.
Rejecting the lifting OF trav-
el restrictions. the number of
visitors from Japan jumped 40
per cent In April over April.
1852. For all Far Eastern
countries served by the Tokyo
office. there was an increase
OF 35 per cent In the first four
months this year.
Europe showed only modest
gains in the January April
period. but q big jump Is ex-
pected once the vacation sea-
son gets into full swing.
Evening star., 1963-05-31
National Realty Trust
Buys Apartment Unit

The National Realty Trust,
headed by Jouett Shouse as
chairman Of the board. and
Carl L. Shipley as president,
today announced the acquisi-
ton Of the Evarts Apartments
at 1908 Evarts street NE, for
a price Of $4,000.
Sold through the Bergman
Realty Co., the apartment
house is National Realty Trusts
first acquisition in the Wash
ington area. 1t is q three-story,
20-unit building. The COM
pany's other properties include
q 52-unit garden apartment
house in Salisbury, Md, a So
unit luxury apartment house at
Miami Beach, q 70-unit garden
project at the Hanford Atomic
Works, Richland, Wash. and
l12-unit garden-type develop
ment at the home Of the Dow
Chemical Co. in Midland, Mich,
National Realty Trust lists
total assets OF So million. 1t
has 34,8l5 shares Of stock out
standing with a par value Of
$40, most of which are held in
the Washington area.
In its quarterly report. the
company noted net income for
the three months ending Feb
ruary 20 Of s9,9l3 or 30 cents
per share. up 8 per cent over
the previous three months.
Evening star., 1963-05-31
~ the Associated Press

Uncle Sam expects q record
number OF visitors from abroad
this year and Is asking Amer
leans to be good hosts.
The United States Travel
Service. whose Job 1t Is to lure
tourists from overseas. figures
guests will arrive TO sample the
New Worlds wonders. This will
be even more than the record
Of $4,000 OF 1862.
The service does not include
in its calculations the border
crossers from Canada and
isexico. II S million from Can
ada and $4,000 from Mexico
were added in. last years total
of visitors would have been
$4,000.
The kickoff of the travel
bureaus campaign TO encour-
age Americans to be good hosts
will take place next Monday
when 10000 post office trucks
begin displaying q poster.
&C o m pany'S Coming from
abroad-Let's welcome them"
The Federal Government got
into the travel promotion busi-
ness last year As a means OF
getting back at least some of
the money American tourists
spend abroad.
The Travel Bureau estimates
last years visitors from over
seas spent 1884 million. exclu.
sive OF the cost Of transporta-
ton 10 and from the United
States.
United States travel receipts
from all areas. including bor-
der -croSSerS and payments To-
United States flag carriers OF
slis million by foreign trav-
elers. were estimated at SLIP
billion. more than 3 per cent
above the previous year.
While the amount Of money
coming In was up. so was the
amount going out. United
States travel payments 10 other
countries was more than e2.2
Evening star., 1963-05-31
U. S, Britain
Revise Pact
On Currency
BY the Associated Press

A reciprocal currency ar.
rangement between the Federal
Reserve Board and the Bank
Of England to maintain stabil-
ity Of the dollar and pound has
been raised from $50 million
to $500 million, 1t was an-
nounced yesterday.
The arrangement. one of q
number this country has with
other nations, is one means OF
keeping stable the United
States dollar and other cur
rencies.
The boards Open Market
Committee. announcing the in.
crease. said 1t reflects the
desirability of enlarging the
facilities for dealing with tenn
porary and reversible flows OF
funds between the two largest
center Of world finance.
In effect, the arrangement
permits this country to borrow
up to $500 million in British
pounds-or the British to bor-
row a like amount in United
States dollars-for short time
periods when they are needed to
stabilize the currencies.
The announcement said the
system provides a major re-
enforcement OF the world pay
ments system and Of interna-
tional hquidity by increasing
the availability OF foreign ex-
change in case Of need"
Treasury officials estimate
the total of dollar assets" held
in countries around the world
at about $40 billion. The United
States monetary gold fund is
about sl5.S billion.
It's q matter Of concern to
monetary officials and they
are keeping close watch on the
situation. However. they FORE
see no heavy run on gold SO
long as the dollar remain
sound.
Big holders OF dollar assets
include France. sl.35 billion;
the United Kingdom, S2.0e bill
lion; Italy, sl.l billion; West
Germany, s2.4 billion; Canada,
1926 billion, and Japan. s2.lo
billion.
Evening star., 1963-05-31

general manager Of the Federal
Savings and Loan Insurance
Corp, stressed the Importance
Of dividends low enough TO per-
NIT maintenance Of adequate
reserves.
Associations paying excessive
dividends can do real harm To
the industry, he warned.
Dividend Cutters Praised
Mr.. O'Brien congratulated
league member associations
who refused to follow the trend
to higher dividends In the last
two years. and also those who
recently reduced their divi-
dends back to 4 per cent a
year.
Dividends exert pressure both
upon the quality Of loans we
make and the capacity Of man.
agement to maintain proper
liquidity and loss reserves" he
emphasized. Economical home
financing is also influenced"
Stephen 8. Slipher. staff vice
president Of the United States
Savings and Loan League who
moderated the panel discussion,
also congratulated the District
Association for leading the
trend toward lower savings and
loan dividends. This trend is
becoming Nation wide, he said
A modified cut in Fedora
taxes is inevitable and is
bound to stimulate economic
growth, predicted Matt s
Szymczak, former member Of
the Federal Reserve Board and
now consultant for c. J. Devlne
e. Co.. another speaker at the
leagues initial session.
Mr.. Szymczak said he ex-
pected the tax cut sometime
about September or October
Monetary policy will take this
into account and will be gearec
to a high-level stable economy
without initiation. and also tc
the balance Of payments, HI
said. Interest rates will rise ir
accordance with principles oi
free markets-Supply and de-
mand, he added.
The international financia,
situation is vastly more sta
bilized than q couple Of years
ago. Mr.. Scymczak reported.
The campaign of Chairman
Joseph P. McMurray Of the
Federal Home Loan Bank
Board for more careful anC
conservative operations in the
savings and loans industry hai
the strong support OF the
United States Savings anC
Loan League, said Eugene M
Mortlock, vice president of thu
national organization, another
speaker.
Mr.. Mortlock said his organi'
Zation did not believe there arr
any widespread problems in tn,
savings and loan industry a
the present time. but added
I'VE think the times demand
a retreat from growthmanShiT
and a return TO the ideal thai
Evening star., 1963-05-31
Savings-Loan Managements
Told I Law Means New Era

a reputation as q safe and
sound operator is the most
praiseworthy thing that can be
said about an individual saw.
ings and loan manager"
John w. Statdler, president
of the District league and presi-
dent OF National Permanent
Savings and Loan Association,
presided at the opening ses-
sion and members adopted
changes in the constitution and
bylaws.
These permitted a change In
the title Of Bruce Bryan, the
leagues executive secretary, TO
executive vice president and
secretary.
They will permit incorpora-
ton Of the league and eliminate
a requirement that Its secre-
tary be an active officer Of O
HiClIiUCI hoOOCAhJlOHs
They also will permit the
executive committee TO appoint
such assistant secretaries or
treasurers as may be necessary
and TO alter functional opera
tions of the league.
League members nominated
William E. Dyer. executive vice
president Of Perpetual Building
Association, for reelection to
the board Of trustees Of the
Savings and Loan Foundation.
Inc.
Mr.. Dyer is completing his
first two-year term as a trus-
tee-at-large of the foundation
and also is its treasurer. 2
Institute Head Reports
Washington Chapter, Ameri-.
can Savings and Loan Institute,
has 459 members and an enroll
ment of 346 in its ten different
courses for savings and loan
employees, reported Charles c.
Elderkin. president Of the chap
ter.
1t will issue $40 certificates.
"a achievements awards. Is
standard diplomas. and 10
graduate diplomas he added.
Founded 80 years ago, the
chapter has issued more than
1900 certificates in 80 different
subjects during its life, he said.
Its training Of savings and loan
careers makes 1t q major fac
tor in the industry, he said.
Evening star., 1963-05-31
Liberia to Receive
$5.7MiIIion Credit

The International Monetary
Fund announced approval to-
day Of a Liberian Government
request for a $5.7 million one
year standby credit in con-
nection with the nations pro-
gram Of financial reform.
Although Liberia has expert
enced rapid economic growth
in recent years, government
expenditures for public works
and other capital projects have
exceeded revenues. This. ac-
cording to the Monetary Fund,
has led TO a large increase In
short and medium term in
debtedness.
To deal with this problem,
the government has introduced
a number OF economies aimed
at reducing expenditures. In
addition, 1t has increased i'm
port. property and other taxes.
Charles Dunbar Sherman,
Secretary OF the Treasury Of
Liberia. who has been in this
country for six weeks nego-
tiating with Liberals creditors.
also announced this week that
the country has received a
S24,3 million loan from the
United States Agency for In
ternational Development for
construction Of a hydro-electric
project and a Si2.5 million
loan from the Federal Republic
OF Germany for construction OF
roads and airport facilities.
This combination OF debt
rearrangement and new de-
velopment investment solves
our immediate financial prob
lem and establishes a sound
basis for our combined rapid
growth" he said.
Evening star., 1963-05-31

thanks in large part to silver's
new role in electronics and in
defense hardware. Here, too.
as In the case Of sugar. world
production Jagged as demand
mounted. So the world price Of
silver rose.
In November 1861 the United
States Treasury stopped trying
to hold the price line. It's free
reserves were almost ex-
hausted, so 1t stopped selling
any more. The price has gone
from the once statutory 9l.62
cents an ounce to $1.28 Nn
ounce.
Congress is freeing the
Treasury stock held as backing
for silver certificates NOW
mostly 81 bills). The Treasury
expects to use this freed silver
for coinage in coming years.
Demand for coins is rising ev-
erywhere in the age of turn
stiles, parking meters and
vending machines.
Controlled Prices
The domestic prices Of wheat
and cotton have been largely
set by government subsidies
and controls. since the United
States produces more than 1t
consumes.
What will happen to the
price of wheat, now that the
farmers have rejected the gov
ernment's subsidy and control
plan, is a political football at
the moment - and therefore
an uncertainty.
Cotton surpluses are sold
abroad for less than the United
States textile mills have to pay /.
The domestic industry is de-
manding. and getting. protec-
ton from foreign price COM
petition.
Coffee prices are to be set
by international agreement-if
the treaty the United States
has just ratified works. This
sets export and import quotas
for major producing and con-
suming nations. However this
works out in dollars and cents
is what the United States cof-
fee drinker will pay.
Evening star., 1963-05-31
Insurance Agency
Opens New Offices

The Chuck Hinton Insurance
Agency has opened new offices
at 1898 Minnesota avenue NE,
their fourth location in Wash
ington.
The new offices will be
managed by Hugh Rushing,
former assistant manager Of
the compsny's offices at Ninth
and H streets NE.
Evening star., 1963-05-31

tefnber to a building being re-.
modelled at 4641 Montgomery
avenue, Bethesda.
The agency's branch offices
at 7720 Wisconsin avenue, Be-
thesda. and 72l Ellsworth drive,
Silver Spring, will be combined
with the main office. Three
new floors are being added to
the Bethesda building and 1t
will be air conditioned.
Evening star., 1963-05-31

ties whose prices right now
either are being radically
changed as they couldn't have
been a few years back, or are
actually being set by influences
outside the United States.
The postwar United States
generation has been used to
having prices Of a long list Of
basic commodities mainly set
by the United States - either
because 1t was the chief mar
ket or because Of government
controls of one kind or anoth-
er. Now some of these controls
aren't working because the
outside market is Of increasing
Importance. or because the rest
Of the world is forcing a
change in United States con-
troll policies.
Others Now Can Compete
Living standards of many
other lands have risen smartly
In the last few years. They
have been using q lot m ore
sugar, a lot more silver-and
draining from the United
States a lot Of gold.
For years the United States
Government pretty much set
the price Of sugar at home.
Usually 1t was about two cents
q pound above the world price.
The import quota policy pro-
tected domestic sugar growers
and rewarded friendly foreign
suppliers.
The United States can't set
the price today. The rest Of the
world is using much more sug-
ar than 1t did. Along with
smaller crops because Of bad
weather In Europe and eco
nomic trouble in Cuba, rising
demand has outrun supply.
The price has risen every
where.
The United States Govern
ment for many years set the
price Of silver by statute. What
the United States Treasury
would pay for silver, and what
1t would sell 1t for, became
practically the same thing as
the world price.
But the rest Of the world,
along with the United States,
is using more silver now. In
dustrial usage has scared,
Evening star., 1963-05-31
Southern Orders
so Diesel Units

Southern Railway System
has ordered sixty 2.250-horse-
power dieSel-electric freight
locomotive units 10 cost APP
proximately Sill million from
the Electro-Motive Division Of
General Motors. Delivery will
begin in September.
The contract brings 10 S72.5
million the spending by South
ern Railway for new cars. rail-
highway equipment and new
locomotives since January,
1862.
Evening star., 1963-05-31

panel members said loan pol
icies will have to be revised to
fit a new set of requirements II
savings and loans are to quail
ify for minimum tax rates.
Reductions in operating costs
also will be required and some
association may have to re-
duce their dividends on savings
accounts. they added.
Thornton w. owen, board
chairman of Perpetual Building
Association, predicted m ost
District associations will have
little difficulty meeting q re-
Quirement that at least 90 per
cent OF their assets must be
in real estate lolns. improve
ment loans, secured member
loans, property acquired by
foreclosure, cash, Fe deral,
State and local government
obligations or stock and obl-
cations OF an instrumentality
Of those governments.
Broad Portfolios a Problem
However, active and large as
sociations with broad portfolios
may face q problem In addi-
tional rules limiting assets In
vested in apartment and COM
mercial loans, he declared.
No more than 36 per cent Of
total assets can be invested In
apartments and commercial
loans and no more than 10 per
cent can be placed in CONNER
cial loans.
Mr.. Owen said the new rules
will require that both manage
ment and loan officers Of the
associations in the coming year
will have to keep close watch
OF the loan portfolios to assure
proper distribution and also
will have to be careful that
new commitments do not throw
percentages out of line.
r. w. Blumenauer. jr., senior
vice president Of Columbia Fed
eral Savings and Loan Associ-
alton, said automation Of ae-
counting and lower personnel
costs were among the obvious
areas in which associations
should be able to economic.
Close Watch Urged
While many associations al
ready are using some form OF
automation, each one should
appoint q member of its staff
TO keep close watch Of the lat
est available equipment and
best possible procedures for
this purpose. he declared.
In reducing personnel costs,
q relatively high scale OF sala-
ries for fewer but more eff
eient persons is economically
sound, Mr.. Blumenauer added.
Such a policy also would reduce
expensive turnover, he said.
A closer cash control and
maintenance Of 4 lower cash
balance in the checking &C.
count can improve earnings. he
declared. Management Of bond
portfolios also can improve
earnings. he pointed out.
John A. O'Brien, assistant
Evening star., 1963-05-31
U. S. Domestic Price Scale Upset
Rising AffIuence Abroad
Felt by American Buyers
BY SAM DAWSON
Associated Press Business Writer

NEW YoRK-An increasingly affluent society outside
the United States beginning to call the tune for the prices
Of things American buy Changing political conceptions
at home are upsetng the price patterns Of other
basic commodities.
Silver sugar wheat cotton even coffee are some commod
Evening star., 1963-05-31
BY DONALD b. HADLEY
star Financial Editor

HOT SPRINGS. Va. May 3l-ManaEement Of Washington
savings and loan associations faces result Of the
tax law passed at the last session Of Congress panel Of
experts said here today.
In discussion at the opening of the annual meeting Of
District SAVINGS and loan League At the Homestead here
Evening star., 1963-05-31
Prudential to Move
Woshinoton Office

The Prudential Insurance
Co.'S Washington office has an
nounced plans 10 move Sep
Evening star., 1963-01-27
SUNDAY II
G H0LLYW0OD'S FINEST.

@ H0LLYW00D'S FINEST.
Movie. Approximately IVA Hours. "LoVes
of Edgar Allan Poe" 1912. Linda DameII.
q ELEVEN O'CLOCK FINAL.
World, Local News. Sports. Weather.
q SUNDAY NEWS ROUNDUP.
News Weather, Sports and TV Editorial.
lilo "a SUNDAY NIGHTER.
Movie. l Hour, 50 Minutes. "The Brass
Legend" 1856 Hugh o'Brian.
1l:20 q THE SUNDAY LATE SHOW.
Movie. Hours. 10 Minutes "Mr Deeds
Goes to Town." 1885. Gary Cooper
1l:30 q MOVIE.
Approximately 2 Hours "The High
wayman" 1851. Charles coburn.
loo q THE DOCTOR REPORTS.
Talk. tRepeat Of the mornings program)
los q INSPIRATION.
Prayer. Various faiths.