davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1963-05-03
81. Bernudeffe's Catholic
Church

DlNOn O LIDEIII OIS.g huntington
Rev. John A. corrigon, Pustor
This Sunday mornings Mass
VIII be a high Mass and will be
sung at $50. Contss sions will
bs heard before ths Mass.
There will be no Confraternity
classes on Sunday evening be-
cause OF the Confirmation care
monies being held In St. Johns
Church. For all the younger ehil-
dren in the parish there win be
the usual classes on Thur sday
afternoon at $3.50.
Milford chronicle., 1963-05-03
ADVERTISEMENT FOR BIDS

istIation Btilding in Dover, Della
ware, until 200 T. NJ, EDS. T.,
May p, 1868, and thereafter shall
he publicly opened for contracts in
lvolving the following approximate
Quantities:
CONTRACT NO. s1se
ASPHALT REQUIREMENTS
NEW CASTLE COUNTY
3n.unn Gals. rel Asphalt
inn,n nnn Gals. RC-2 Asphalt
CONTRACT NO. 5000
ASPHALT REQUIREMENTS
1963-64
KENT COUNTY
aIn. huu Gals RC-2 asphalt
CONTRACT NO. 82o1
ASPHALT REQUIREMENTS
SUSSEX COUNTY
ln.upn Gals rel Asphalt
15.nnn Gals RC-2 Asphalt
2nn. 400 Gals. Rt-3 Asphalt
CONTRACT NO. 1902
|CEMC-2 ASPHALT REQUIRE
MENTS 1e63-64
NEW CASTLE COUNTY
40.hnn Gals. CEAIC-2 Asphalt
#%--**
CONTRACT NO. 82o4
CEMC-2 ASPHALT REQUIRE
MENTS 1e63-64
SUSSEX COUNTY
Go.non Gals. CEMC2 Asphalt
CONTRACT NO. a2o5
ASPHALT PATCHING MATER.
IAL REQUIREMENTS 1863. "a
NEW CASTLE COUNTY
Asphalt Patching Material
2.000 Tons Type Is tFinc1 AS
phalt Patching Material
5,u0n Tons Cold Laid Bitumin-
Gus Concrete
CONTRACT NO. 1905
ASPHALT PATCHING MATER.
IAL REQUIREMENTS 1864
KENT COUNTY
3'ooo Tons Type ~ COARSE
200 Tons Type i U'inc) As
phalt catching Material
CONTRACT NO. 1918
ASPHALTIC CONCRETE PATCH.
ING MATERIAL REQUIREMENT
NEW CASTLE COUNTY
l,nnn Tons Hot NIix, Hot laid As
phaltic Concrete Material
1,non Tons Asphalt Concre {
Wearing Coarse Mixture
CONTRACT NO. 821e
HOT APPLIED ASPHALT CRACK
FILLER MATERIAL 1e63-64
STATEWIDE
New Castle County
$4,000 Gals lot Applied Asphalt
Crack Filler Material
Kent County
20,h0n Gals Hot Applied Asphalt
Crack Filler Material
Sussex County
5000 Gals Hot Applied Asphalt
Crack Filler Material
CONTRACT NO. s2se
HOT APPLIED LIQUID ASPHALT
CRACK FILLER MATERIAL
REQUIREMENTS 1863 64
SUSSEX COUNTY
10000 Gals. Hot Applied Liquid
Asphalt Crack Filler Mater
iai :.
Attention is called to the special
PROVISIONS in the proposals, the
specifications and the Contract 4
Ercencnt
Pclfoi nance Of contract Shall
coial nc. ~ date of award and he
compiStcd az s.. flied.
Fay 'Icnt = i'll be made for deliy-
cries pon presentation of tripli-
cate billing certified TO by the De-
plrtmcnt
bidders must submit proposals
upon cor plctc foIrlS az pr0yided1
hN the Department foI bidding pur-
poses
Each proposal ilu~t hc accom-
panied by ! s.rrtN bond certified
check ~ money To the amount Of
At least ten llm percent Of theI
tCtal amount Of the proposal
The envelope containing the pro-
posal must he marked PROPOSAL
Or STATE Highway Contract No"
The contract will be awarded or
rejected within twenty 600 days
rom the date Of opening proposals.
The right is reserved to reject
my or III bids.
Prospective bidders r,ay obtain
'ontiact documents lrOa the High
way Department office. Third
{ or, Administration Building
Dover, Delaware upon payment of
Wo dollars 200 for each set
Hontract documents need not he re-
" - 'til' tie dhoNe payment viii |
l0t he refunded.
Make checks payable to the Del
WARE Stat" Highway Department
AddtcSs all requests for plans
md proposals to William j. Miller.
n. director Of Operations
0ELAWARE STATE HIGHWAY
DEPARTMENT
~: y MaNson Terry. Chairman
William J. Miller. Jr.. Director
\ptil 90. 1863 i'e' : 'o'i'
'oN'r' Delaware 5-3-2t
Milford chronicle., 1963-05-03
ADVERTISEMENT FOR BIDS

Sealed proposals will be received
by the State Highway Department
OF the state of Delaware at the of
flee of the Director of Operations
{ Room 2u2D in the Highway Admin
istration Building in Dover, Della
ware, until 200 L. NJ, ED. ST,
May p. 1868, and thereafter shall
he publicly opened for contracts
involving the following approximate
quantities:
DELAWARE TURNPIKE
OPERATION OF AUTOMOBILE
SERVICE STATION
Milford chronicle., 1963-05-03

Attention iS called to the SpccinI
provisions in the proposals. the
specifications and the Contract IL
|greement
The Provisions of thu I.cderaI-aid
Highway -Act rs amended are an
pllcahlc to Federal-aid Projects
Minimum wage rates have b.rn
predetermined hy the Department
Of Labor and Industrial ReIations
OF the STATE of Delaware ana ~.
SCI forth in the advertised spccifi-
cation - -
The employment agency for tbis
contract shall he the DpIow.,r,.
State Employment Service whose
offices are located III sol West
StfcGt' Wilmington, 135 South
6IadioLd p street, Dover, and North
Race Street, Georgetown.
Performance, Of contracts .b.,Il
commence and he completed ~
specified
Monthly payments Will he made
Tor ninety t9nD hercent of the CON
stfuctlon completed each month
bidders must submit pronos,I.
upon complete forms as proyidrd
by the Department for bidding pur-
poses I"i
Each proposal must be accom-
panled hy surety bond, certified
cneGk' or money to the amount of
at least ten G0) percent Of me
total amount of the propoSaI
The envelope containing the nro-
posal must be marked "Pronos,1
Tor the construction Of state Him
way Contract No. -
Ihe contracts will he awarded ~.
IeJected within twenty 600 dayl
from the date of opening pronosais
me right is reserved to reiect
any or all bids.
prospective bidders who b,,o
Deen prequalified in accordance
MIN Ihe requirements of the stan
dard Specifications may Obtain cor
tract documents from the Highway
department Office, Third Floor
Admlnistration Building. Dover
u DeelaWare, al the prices indicated
Iof etch contract. additional comic (,
o! proposals only may lie obtained
a. cost Of $500 per copy. CON
tract documents need MOI IL. ra
turned ana no refunds will be nl.,d,.
Make checks payable to the DeIa-
ware state Highway Department
Address all requests for nIan.
ana proposals to William ] Niillar
II Director Of Operations
DELAWARE STATE HIcHuIAu
DEPARTMENT
b!: N MaXson Terry, Chairman
Niiliam J. Miller, Jr., Director
April 80. 1903 ''eI'''ohs
Dover, Delaware !, },
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09
Bank Pays Dividend

The board Of directors Of
Savings and Trust Co.
has declared a quarterly div
idend Of 80 cents per share on
its capital stock, par value $40,
payable November l to stock
holders of record at the close
of business Tuesday, October is.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09
Bankers Ask Surplus Sale
ABA Sees Program Aiding
U. S. Balance of Payments
BY DONALD HADLEY
Star Financial Editor

The sale Of surplus agricultural commodities abroad to
bolster this Nations holdings Of gold proposed today by
the American Bankers Association broad
to solve the balance of payments problem
resolutions adopted the final its seth
convention Constitution Hall the specifically
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09
DESPITE BATTERING
Pro FootboIIers Held
Good Insurance Risks

275-pound center block an OPP
ponent but doesn't help him
live longer, insurance men be-
lieve.
Although heart disease is no
special problem among athletes.
I'VE are very interested in how
their hearts stand up to stren-
uous activity" said the Insti-
tute spokesman. "In general we
find that the condition of their
hearts and circulatory systems
is above average"
Boxers are among the worst
Reinsurance risks. Fighters in
excellent health can buy life
insurance only be paying a big
extra premium.
Professional wrestlers pay a
smaller extra premium.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09

NEW YORK. (AP)-Despite
the weekly battering he abb
serbs, the professional football
player is an excellent life-in-
surance risk, says the institute
of life insurance.
Footballs bruising body con-
tact, unlike that of boxing,
may be a risk to limb, but sell
dom to life, the insurance in
dustry believes. Most profess
sional football players pay no
extra for life insurance.
"If a player is unusually
prone to injury, we might think
a little before issuing him dis
ability coverage," an Institute
spokesman said.
A possible underwriting prob
lem is the weight pro footballs
hefty linemen pack on their
huge frames. The extra muscle
and flesh may help a $50 or a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09
Second Company Suing
Atlantic Research Corp.

ton with respect to those in
weston for whose shares regis
tration was being sought.
Mr.. Sloan said it had been
his observation that law suits
usually follow SEC stop-order
proceedings against any COM
pany. Atlantic Research ex-
pected these SUITS" he added,
because the SEC proceedings
furnished a basis on which GER
tain institutional investors in
the company could attempt to
recapture losses suffered in the
decline of the market price of
Atlantic Research stock"
In spite of the contingencies
which have faced Atlantic Re-
search, the company is operat-
ing profitably and expects to
increase its sales in 1868 to
about $50 million, as opposed
to approximately $33 million
in 1862. The company has
booked more than $51 million
Of new orders in nine months
through September. 1868, an
increase of 70 per cent over the
corresponding period of 1862. I"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09

have to step up their drive for
more income from loans, a New
York banker told a workshop
session yesterday.
Speaking to a meeting on
credit competition, Gordon l..
PattiSon, vice president of the
First National City Bank, re-
ported that in the last is years,
time deposits have nearly
tripled, while demand deposits
upon which no interest is paid
have gained so per cent.
At the end of 1862, time de-
posts totaled $3.50 billion, while
demand deposits amounted to
only $164 billion, he said. This
contrasted with 1947, when de-
mand deposits aggregated $108
billion while the time deposits
plus savings deposits Of mutual
savings banks and share &C.
counts Of Savings and Loan
Associations were slightly less
than $50 billion, he pointed
out.
At other Sessions
At other sessions yester-
day, the bankers were told
that:
/. The profit squeeze" on
banks makes it imperative that
bankers raise their fees for
customer services. Raymond
c. Kolb, vice president of the
Mellon National Bank & Trust
Co., Pittsburgh, said bankers
must abandon the traditional
policy of simply recovering
their costs for services, saying:
I'VE are in business to re-
cover costs but are a profit
oriented industry entitled and
obligated to establish prices
which will return an adequate
profit"
2. The commercial banks,
although late corners to the
field Of consumer inStallment
lending, now hold more than
40 per cent of all consumer
debt. Despite stiffening COM
petition from other types of
lending institutions, said John
o. Elmer, chairman Of ABA's
mstallment Credit Committee.
1.-THE competitive position in
inStallment lending is over
whelmingly in favor of COM
mercial banks"
Mr.. Elmer, senior vice presi-
dent Of the Wells Fargo Bank,
San Francisco, told his COL
leagues:
I'm spite of the gradual in
roads of other lenders, we re-
main the only group that can
provide a complete financial
service to our retail customers.
THE concept of one stop
banking is the theme that we
alone can use. And use it we
must, because this will be the
basis for our greatest growth. +"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09
Security National
Reports Assets

The Security National Bank
at Baileys Cross Roads, Va,
has reported deposits totaling
$8,687,767 as of the close of
business September 80.
Other liabilities were listed
as capital, 100000; surplus,
100000; undivided profits,
$95,594; reserves, $13, 1892, and
interest, $157,243.
Resources were listed as cash
and due from banks, $1,043,-
403; Government securities,
$2,626,502; other securities,
$454,030; loans and discounts,
$5,402, 1893; leasehold improve
ments, $27,312; furniture, fix
lures and equipment, $92, 900,
and other assets, $107,730.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09
BY CHARLES COVELL
Star Business Writer

Legal troubles continued to-
day for Atlantic Research Corp.
with the filing of another suit
against it. this time by Atomics
Physics g. Science Fund, Inc.
The suit was filed late yesterday
in United States District Court
for the Eastern District of
Virginia at Alexandria.
1t charges fraud and mis-
representation" in the sale of
$4,000 shares of ARC stock and
asks for return of the purchase
price, totaling $1,16O,OOO. The
stock was bought by the
Atomics fund on three different
occasions, between December,
1860. and June, 1861.
ARC was sued by American
Potash & Chemical Corp. for
return of certain assets in a
similar case filed last Friday.
American Potash had transfer
red assets of its National North
ern Division to ARC in June Of
1861 in return for 5000 shares
of ARC stock.
Shortly after the filing yes
terday, Arthur w. Sloan, chief
executive officer of ARC, issued
a statement reassuring the
shareholders that the company
was in a good position ito &C.
fend vigorously the attacks
made on It,"
Counsel for the company has
advised it that the suits are
not well founded" he said land
that in their opinion the relief
being sought would ultimately
be denied"
DR.. Sloan noted that the
timing of the suits just prior
to the expiration of the one
year period fixed by law for
filing such actions seems to
suggest that they were filed
by the litigants primarily for
the purpose of preserving their
legal positions"
In this connection, he said,
that the failure of the SEC to
complete and release its find
ings in "stop-order" proceed
ings begun almost a year ago
had contributed to the uncer-
tainty of the company's posi-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09

CHICAGO (AP).-A railroad
industry executive said today
a quiet revolution" is taking
place in railroad technology
that viii produce a dynamic
and progressive transportation
service" needed by the growing
economy.
Curtis d. Buford of WASH
ington, vice president, opera
tions and maintenance depart
ment. Association Of American
Railroads. spoke at the Ameri-
can Railway Progress EXPOSE
ton, where more than $40 mil
lion worth Of modern railroad
equipment and facilities are on
display.
More is happening today in
terms Of improvement and
modernization of freight and
passenger service than at any
time in the history of this in
dustry." he said. I'VE are wit
Messing a resurgence of the
railroad industry"
Plan New Locomotives
He said the postwar fleet of
28,538 electric and diesel
electric units on Class / rail-
roads is giving as much service
as the 42,841 predominantly
steam locomotives of 1916.
Railroad research, he added,
is studying the feasibility of
new kinds of locomotives, in
GLIDING diesel-hydraulics, gas
turbines and a coal-fired tur-
bine.
"Other types of locomotives
on the drawing boards include
the use Of fuel cells, thermo-
electric and thermionic devices
and magnetic hydrodynamic
propulsion" he told a Joint
meeting of the American Rail-
way Engineering Association
and the AAR's communication
and signal section at Chicago's
lakefront Mccormick Place.
Innovations in the Nations
freight car fleet, he added, in
clude huge new cars built to
haul as much as 100 tons of
grain, 10000 gallons of oil, Is
automobiles or two 40-foot
truck trailers.
Tailored Freight Cars
"A broad new trend away
from the general purpose car
toward the specialized unit
tailored to fit the shippers
exact needs-is reshaping to-
days freight car" he said.
Another breakthrough, he
continued. is the unit train"
of 100 or more cars that shut
ties between two points at
sharply reduced rates.
Using conventional or spe-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09
Railroads Replace
Aging Equipment
For Modern Needs

cial single-purpose cars and
loading and unloading methods,
the unit train travels between
cargo origin and destination
with little or no switching, I'M
coupling, servicing and hand
ling operations. Such trains
are used to haul coal to cleo
trio utilities.
He said railroads have In
vested over SIT billion in capi-
tai expenditures since World
War II and that some 40 major
new automated freight yards
and nearly 10000 miles of
track operating under CEN
tralized traffic control have
been installed in the last 10
years. ..-.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09
BIGGEST FIRM?
JUST CHOOSE
YOUR WEAPON

NEW YORK (AP). -
Chances are you can win
a bet with the challenge:
What is the biggest COM
pany in the United
States?"
But you'd better define
your measuring stick.
Based on the 1862 annual
reports of this country's
three biggest corporations,
these are the facts:
AT&T is largest in
number of shareholders,
with 2,210,600. General
Motors counts LOSE, 900 and
Standard Oil (of New
Jersey 721,000. Telephone
also leads in total assets,
with $26.72 billion, followed
by Standard Oil with $11.49
billion and GIN with $9.17
billion.
General Motors led last
year in total revenues with
SLABS billion and net earn
ings Of $1.46 billion. Stand
ard Oil had revenues of
$10.57 billion but its earn
ings of $841 million were
excee d ed by Telephone,
with net income of $1.43
billion on revenues of $9.15
billion.
All clear, everyoneP y.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09

tional standard of value would
be abandoned. The new super
central bank, with powers of
money issue. would replace the
dollar as the Free World inter-
national reserve.
"In my opinion, all these
schemes suffer from two very
grave dangers. The first
grave danger is that they have
a worldwide inflationary bias.
The second is that they bar
gain away part of this Nations
sovereignty of the money power,
granted to the Congress in the
Constitution, and would hand
it over to a new breed of inter-
national central bankers"
Senator Robertson said he is
concerned that the administra-
ton so far. despite ingenious
actions to borrow time and fend
off crises, has emphasized
short-term palliatives without
going to the roots of the pay
ments problem. We cannot
allow the longer range question
of international liquidity to in
terfere with prompt and vigor-
Gus action to right the pay
ments balance" he said.
Reduced Costs
The United States Air Force
was able to reduce costs by
more than 81 billion in fiscal
1868 as a result of improved
management procedures, pro-
curement and logistics reported
Gen. Curtis E. LeMay, Air Force
Chief Of Staff, another con-
vention speaker.
That is more than half of
the total defense reductions
recently reported to the Presi-
dent by the Secretary of De-
Tense for the same period and
has been taken into account in
our current budget" Gen. Le-
May said.
While striving to increase
our responsiveness and effec-
tiveness to meet any threat,
we've not overlooked our ac-
counting and financing opera
tons. Such things as general
ledgers, stock and industrial
funds, commercial services, ex-
pense accounting and financial
inventory accounts now are on
either punch card accounting
or electric data processing
equipment. Each system is
standard throughout the Air
Force" Better accounting pro-
cedures also have permitted a
reduction in world wide supply
depots, improved the reliability
and availability of parts reduced
the pipeline time for aircraft
engines and improved combat
readiness, he said.
Capital investments of the
Air Force amount to $50 bill
lion which is more than twice
the investment of seven of our
largest manufacturing corpora
tions." Gen. LeMay told the
bankers.
"Of this years approximately
$50 billion military budget the
Air Force portion is about $40
billion. We have $50 major air
bases and 5000 other installa-
tons in SIS different countries.
We have $4,000 military per-
sonnet and 100000 civilians for
a total force of 1,174,000.
Commercial banks will be
paying interest on the major
share of their deposits in the
not-too- distant future and will
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-09


mention a proposed wheat
deal with Russia, and it
emphasized that temporary
benefits from higher agricul-
tural exports should not lessen
the sense of urgency for more
basic solutions.
It urged intensification Of
efforts to reduce the dollar
drain from Federal spending
overseas and said the admin
istration objective of a $500
million cut should be impli-
mented by further reductions.
The ABA warned that eased
credit and the accompanying
rise of liquidity in the economy
have contributed to large OUT
flows of funds from the United
States.
It Endorsed the Federal Re-
serve Boards moves to reduce
the degree of credit ease, but
said it had not established con-
ditions consistent with the
Nations international financial
responsibilities. 1t urged the
FED" to be alert to the
dangers Of delay and in
adequate action.
Reiterating its support Of tax
reduction, the ABA also stress
sed that resulting benefits will
depend on whether rigorous
standards of fiscal prudence are
observed.
I'VE do not believe that Fed
eral spending should be permit
ted to rise during the transition
to- lower tax rates." the ABA
declared.
: Coupled with a tax cut, it
also could lead to a resurgence
of the inflationary forces,
which in the past have con-
tributed to advances in domes-
tic costs and prices. to an ero-
sion of the competitiveness Of
United States goods in interna-
tional markets and to a ques-
tioning of the dollar on world
exchange markets" Recent de-
clines in the outflow of funds
must be regarded as being of
uncertain duration and ques-
tionable sustainability unless
the basic problem is solved"
the ABA declared.
In a major speech before the
bankers today, Senator Robert
son, Democrat Of Virginia, said
Congress must undertake its
own comprehensive study of
the balance Of payments situa-
ton.
II disagree fatty with the
Brookings study concession that
the present problem is not pri-
lnarily a acknowledgements
problem" he declared.
This is why I favor inn
mediate study of the question
by nations of the Organization
for Economic Cooperation and
Development and the Interna-
tional Fund. Furthermore, I am
convinced that comprehensive
studies of this question should
be undertaken by Congress.
Central Currency Unit
THE Brookings study favors
setting up a new super central
bank, with its own new currency
unit which the bank would
create and lend to various coun-
tries, giving them plenty of
time to finance protracted def
icits in their balance of pay
ments," he declared.
"The dollar as an interna-