davidaulloa/AmericanStories huggingface dataset:
Evening star., 1963-05-01
and Events
Boord Of Trude to Meet

David Kendall. vice president Of the Chrysler Corp,
will address the Metropolitan Washington Board Of Trade
at its annual meeting at $50 pm May l6 in the Statler
Hilton Hotel Mr. Kendall former Assistant secretary
OF the Treasury and special counsel to President EiSen
hover will speak on "A View From Detroit"
Evening star., 1963-05-01
Managers to Heur TuIk

The Washington Chapter Of the Society for the Ad-
vanceent Of Management will honor It's past presidents
ct dinner meeting At PM tomorrow in the Lafayette
Hotel Edwin S. Raub, partner in Edward N. Hay q
Associates management conSutants Of Philadelphia will
speak Accountability and Management Development"
Evening star., 1963-05-01

~ Cody Pfanstiehl head Of the Division Of Community
Service Of the National Capital Transportation Agency
viii explain the Agencys master plan at dinner meet
inH Of the Connecticut Avenue Association at Sis pm
Wednesday. May 8, Harveys Restaurant. 1907 Con-
nectcut avenue NV.
Evening star., 1963-05-01
OVER COUNTER

Fsllsving puess furnished ~ lbs Ne.
tioRal AssOcistlea M SecuntIes Dealers
In Washington represent the faAGe within
whlch lOcslly activs securities ceulf have
been bsugM o. sold at u an. Weanes.
day. May I. lSt1
Evening star., 1963-05-01
Peoples Life Reports
3.7% SoIes Increase

Eagers. Canton president. will
become vice president of Amer
ican National. +"
Evening star., 1963-05-01
Heods Mortgage Company

Lee c. Morgan president Of the Capitol Mortgage
Co. Inc, has announced the opening Of office at
e20S Fenton street. Silver Spring Charles w. Morgan is
vice president OF the company.
Evening star., 1963-05-01
AMERICAN STOCK EXCHANGE
SaIea Illth law 2,oo ckf.
sales llish Low 400 chs.

fUTrshsa MOST ACTIVE ISSUES
S@Whs Explained In Nots FonsWnt Exehans1 List
Evening star., 1963-05-01
TREASURY BONDS

NEW YORK tAPD Nooa over the
ss SSsn',r ,t1 ~ Ssys,rTnsn. y. rs.. Treasury snsl
Evening star., 1963-05-01

Electricity Production last
week totaled IL. 6.4sS. 900, 900 kilo.
watt hours against l0.1ol .ooo,.
900 the previous week and lS..
o64. .ooo, 900 . year earlier. Ed
ison Electric Institute.
Evening star., 1963-05-01
MUTUAL FUNDS

NEW YORK ZAP
National Associa
ton Securities Deal
ers, Inc.
Evening star., 1963-05-01

| Biz AsI
lnterc S.o1 6.5t
Inv Resch 12.2e 1874.
lstel Ed 35.S2 36.2:
JohhStp l3.l5 VA.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15
Bancroft
Realty, Inc. HU. 1900
SELECTIVE
EXECUTIVE

II the home you're seeking is TO be
palatial ard in a AAA neighbor-
hood, here it Isl A magnificent
Colonial with 4 bedrooms, 2 baths
on one level-plus large dressing
room off master bedroom. Spacious
slate foyer with den and bedroom
on first floor. 26-ft. living nm. with
fireplace across the rear, and a
view Of tan trees. Banquet-siZe din
ing I'm. opens to large screened
porch. Beautifully appointed kitchen
family nm. combination. Recrea-
tion rm., downstairs is paneled
and has raised hearth fireplace.
TwO-car garage and circular drive
completes the picture and all on a
wooded " acre, within walking dis
lance to schools, bus and all shop
ping.
TOWN & COUNTRY
PROPS, INC, REALTORS
ANNA NT1ATE OFFICE CT, 5000
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15

CHRYsLER 1888 Newport s-pass.
wagon. PSI p.b., auto. trans, r.
and b. plus many other extras,
SsyS.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15

NHIh I sLEh IYoZ Newport COW,
p.s., auto. trans, T. and h., driven
only 1000 mi, s2,3s5.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15
MACHINERY and EQUIP.
AVIATION
AUT0M0TIVE MISC.

CESSNA lsO-Illness forces sale.
Many extras, 5000 firm. Licensed
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15
COMMERCIAL GROUND
out.of.ToWn REAL ESTATE
FLORIDA PROPERTIES

10 ACRES In Minnesota 81 acres
also house and lot in North Carroll.
ma. For details, call Se3-ls23,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15
ROYAL MOTORS

CHRYsLER is65 800 cow, p-S.
p;o.s auto. trans r. and h., etc,
S2y6q5.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15
COUNTRY PROPERTY
ELBOW ROOM

Pew miles above oalthsrs5urK. IL
acres, trees. fine view, main road
Completely mocerniEed A-bedroom
home. $1,000. Easy terms "a
responsible buyer. ROAEER a CO,
WI. 5000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15
MONROE
GULF SERVICE STATION

GULF OIL CORP, will provide sal
aTied training for a man interested
in operating ebay service station
in College Park, Md. Interested?
Call Ii. 1850 or after 6 pm. call
NJ. A. Bean 4sl-5e7l.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15
AUTOMOBILES FOR SALE
NRAaFwrGmUH4N
OPEN EVERY EVENING IN >

CADILLAC - hardtop sedan, Az
pine white. fully equipped includinr
electric windows and sat. ThiI
week end only, sl,l2s.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15
FARMS
BARGAIN2

BARGAIN?
We don't use the word, but what
do you think Of this
81 ACRES on County road. g.
room house, fine view, good
barn, silo, 8 spring streams,
Frederick County, S23. 900.
STOCK FARM $40 acres, level,
all down in grass. well fenced,
large streams. Beautiful sur
rounding country. $500 per acre.
INVESTMENT. 10 front acres
key to farm in rear. Montgom-
cry County. Sl4,500.
LARGE INVESTMENT farm, close
il Montgomery County, long
road frontage. $1,000 per acre.
ROMER g. CO., GaithersburR
WI G-OOQO
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15

OuUuI UdII OduIIIdC-OIuo
100 All Rd., Bethesda OIL. STD
CADILLAC 80 e dorado Bro1Fhan.
This custom auto Is one Of the
few manufactured. Finished N
black and completely upholstered In
white leather. Every available com
fort and convenience accessory has
been installed for the utmost n
luxury. S3,s95.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15
RENT

MONTGOMERY COUNTY-l6o
acres, small house and barn,
$3.50. ROMER g. CO., WI g.
9O92.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15

400 Ga. Ave. NV. ia. s-7soI
CHRKHER rnla - ~
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-15

CHEW. 50 s-passenger sta. wag., r.
and h., power steering and other
factory extras. This solid white
beauty Is In new-car cond. through
out. BURROWS RAMBLER, 900 M
&; Sc, Ii. 1890 (opp. Navy Yd.)
18th Year,
The chronicle., 1963-11-12
DQVId LQWTenCe -.
What Good Is The Hot Line?

Recently a "hot line" was in
stalled between the White House
and the Kremlin to permit in
Simultaneous communication in a
crisis. But if the Soviet troops
have been given orders to ir
without getting in touch with the
Kremlin itself, it is conceivable
that bloodshed will occur long
before any ''hot line" could be
put to use.
1t would appear that nothing
is more important now for the
United States government than
have a clear-cut understanding
with the Soviet Union as to what
it intends to do in the area
around Berlin and to ascertain
whether KhruShchev has actual
ly instructed his military forces
to fire upon American forces
whenever the latter do not act
in accordance with procedures
established" unilaterally by the
Soviets. 1t would seem desir-
able, too, to set up a machinery
for Immediately resolving any
conflicts in understanding about
established "procedures.
The chronicle., 1963-11-12
Sylvia Porter -.
MYTHS On Little Investor

coaster is another myth.
Of course, many gamble but, general
ly, the little investor sticks to con-
sentative stocks of established compani-
es in basic industries. Every study of
his purchases underlines his preference
for shares of stock in such industries as
telephones, gas and utilities, automo-
bile, the like. At times, these are the
great glamour stocks but they're o
usually considered wild speculations.
''This is as it should be-" says a New
York Stock Exchange spokesman. 1.-THE
worst that could happen would be a SER
ious loss in the value Of securities held
by lower income groups. The higher-in-
come families capable of taking the los
seS that must occasionally occur should
be the mes financing speculative, risk
ventures. Evidence that this is so is well
come news"
Despite the rumors about the little
fellow, he has only cautiously re-entered
this stock market.
OtHl dominating IL are wealthy HlulVl-
duals, professional Wall Street traders,
financial institutions.
Primarily responsible for the upSurge
in borrowing and for heavy trading in
hot issues are Wall Street professionals
and larger-income individuals men
and women who presumably have the
fortitude to stand the heat of Wall
Streets kitchen.
The chronicle., 1963-11-12
John Chamberlain
Policy Hard To Figure

If you were the foreign minis
ter Of a country 80 let us call
it Rurintania, so as not to seem
invidiouS just how would you
60 about making sense of U. S.
foreign policy?
The first test, you might
say, would be to determine
whom the U. S. regards as its
enemy. Is it. Khrushchev?
No, it can't be Khrushchev.
The U. S. has signed a nuclear
test ban with him on terms &C
Ceptable to Moscow. 1t made no
protest when its neighbor to the
north, Canada, sold a lot of
wheat to the Russians; indeed,
it followed the Canadian sale
with an offer Of wheat on its
own. Clearly, the U. S. wants
a thriving Soviet Union a d
peaceful dealings with it on the
basis Of the post-Yalta, JOS +
The chronicle., 1963-11-12
Cold Water

Senator Barry Goldwater
might just as well give up nov
because of his dim chance OF be-
ing nominated or elected, accord
ing to two Eastern pundlts.
Emmett John Hughes, speech
writer for General Eisenhower
when he was President, all but
rules Goldwater out completely in
an article in Newsweek Of Nov. 4.
Hughes quotes CALIFORNIA; former
Senator Knowland's prediction
that Goldwater will win the nomi-
nation on the first ballot at the
Republican National Convention
and then cites "as not too signlfl-
cant" Knowland's "own unhappy
record for prophecy" He attrlb-
utes to the nations financial and
industrial community the COM
ment: "We cheer his attack on
Federal power, but what does he
know about world trade, or auto
nation, or balance of payments?"
He refers to Goldwater's critical
statements about General Eisen-
hover, Chief Justice Earl Warren
and former Vice President Rich
ard Nixon.
In foreign affairs the Goldwa-
ter record, according to Hughes,
"seethes with scorn or distrust for
the Western Alliance, the United
Nations, the World Bank, disarm-
ament plans" the Soviet Union,
etc, and in domestic affairs Gold
water is ridiculed for %criticizlng
big government, farm subsidies
and Federal tax policies. Hughes
argues that most or much Of what
Goldwater has said over the years
to attract a huge following will
prevent him from being the Re-
publican nominee. Maybe SO.
Stewart Alsop, in an article in
the current Saturday Evening
Post, doesn't deny Senator Gold
water the COP nomination but re-
fuses to give him any chance to
The chronicle., 1963-11-12

POtsdam status quo.
Can the enemy Of the U. S.
be Mao Tse-tung? Averell Har-
riman has so identified the enc
my. But whenever Chang Kai-
shek sends his son, or his staff
of military planner, to the u.
S. from Formosa to ascertain
just how an attempt to under
mine and overthrow the r e d
Chinese government would sit
with Washington, he gets a neg
alive response. The U. S. Sew
enth Fleet is in Asiatic waters,
so he is told, to protect For
mosa Strait, not to give protec-
ton to Chang Kai-shek troops
who might hope to leave tn e
strait behind them, going west
toward NanKlng and Pelplng.
So we can't be very serious
about Mao Tse-tung as an enc
my. We don't want him in the
United Nations, but we recog-
nize, in a roundabout way, that
he is the boss of mainland
China.
Can the enemy Of the u. S.
be Castro? Yes, up to a point.
We express our displeasure at
his anti-U. S. stance by enforc-
ing a partial embargo against
him. This is to say that U. s.
The chronicle., 1963-11-12

defeat President Kennedy in 1864.
He says hat "all the things that
worked for Kennedy in 1860 are
working for him now, only more
So" Kennedy won the cities in
1860 and the cities are where the
votes are. "The cities" says Alsop,
"are also where the minorities are.
And the minorities-notably the
Catholics, the Jews and the Ne
groes, who together add up to a
majority-are for Kennedy solid"
Furthermore, opines Alsop,
'Incumbents don't get beaten. The
surest way to get elected Presi-
dent of the United States is to be
President of the United States al
ready" He excuses the defeat Of
Taft in 1912 and Hoover in 1882
with the assertion that each car
ried an albatrosS around his neck
- Taft's was Theodore Roosevelt
and Hoover's the depression. In
addition, he declares that Kenne-
dy totes no albatross but has peace
and prosperity and the peoples re-
luctance to change on his side.
All of this is impressive and
persuasive. If George Washington
had surrendered to what looked
like overwhelming odds the Amer
lean Revolution would have been
lost-not won. History is replete
with like examples. Additionally,
Kennedy is not without potential
a~lbatrosses. These are the racial
issue, Cuba, the Communist men
ace, fiscal responsibility and
scandal in high places.
Messrs. Hughes and Alsop r
knowledgeable persons and ex-
perienced commentators. What
they have written should be taken
seriously. Their a%ppraisals, how
ever, were not absolutely objec-
tive. Such articles should inspire
greater effort to unseat the Ken
nedys rather than discourage those
so minded.
The chronicle., 1963-11-12

everybody knows that the So
Wet military forces have b e
told to shoot when challenged.
Mr.. Khrushchev's policy ap-
pears to be to seek gradually
to impose more and more re-
Strictions until the allied forces
have been driven out Of the
Berlin area altogether.
Mr.. KhruShchev views it as a
test of nerves. He says:
Evidently it must be a test
of nerves on your part. When
you decided to test our nerves,
we decided in response to put
our armored cars across the Au-
tobahn to test your nerves and
see if you would start shooting
or not. And we were glad you
didn't"
1t seems incredible that the
relations between the Soviet
Union and the United States
have reached a point where
any instructions have to be is
sued to the respective military
forces of these two countries to
''test nerves." Meanwhile, t e
United States, France and
Great Britain have explicitly
charged in a formal note that
the Soviet commander deviated
from the agreed-upon regula-
tons for control Of the Autobahn.
The whole episode comes as a
big surprise to many people
who had been led to believe that
the signing Of the nuclear test
ban treaty and the prospective
sale of wheat to the Russians
had established a kind of ecu
phoria," or at least a spirit Of
mutual understanding or re-
straint. Today the remarks Of
Premier Khrushchev stand be-
fore the world as a disclosure Of
the strategy and tactics of the
dictator in the Kremlin. His
latest words will be widely con-
Strued as an effort to bluff the
United States into getting out
of Berlin. He may have come to
believe that nuclear war is fear
ed so much in America that
almost any step which could
possibly become an involvement
in war will be avoided and
that concessions will be made
to the communists.
The chronicle., 1963-11-12
= RATES

CALCULATIONS. -
The chronicle., 1963-11-12

shortcomings Of Congress It.
self. 1t is archaic" It's rules
are acknowledging" It
needs vast, If somewhat anbi-
guous, reforms" 1t is run BY
some sinister establishment"
They are like second-rate ball
players who blame everything
In sight the manager, the
umpire, their associates, the
rules = for their embarrassing
inability to hit more than $50.
In sports, nobody is fooled by
such fellows. Sour grapes, in
ordinary life, are sour grapes,
and few need a degree in adj
vanced horticulture to know
them for what they are.
When, however, attacks upon
the Institution Of Congress come
from among presumably re-
SponSible members themselves,
they stir the interest of the out
side citizen and, finally, his sup
port. Quite understandable, he
cannot believe that men elected
to Congress would demean it
without cause. After all, this
is no Friday night ball game
and beer and hot-dog romp.
Nevertheless, Congress gener-
ally not only has failed to answer
these attacks from within.
Worse, too many members who
know better give shamefaced
and crawling countenance to
them, lest they be branded as
not modern enough. To cite
a notable example, Sen. Joseph
S. Clark of Pennsylvania has
made a positive career Of de-
nouncing the Senate in which
he sits and of complaining in
private of the better committee
assignments unaccountably given
to others, without once being
challenged on the center of his
philosophy.
But when a good man Of
Congress like Sen. Thomas Dodd
of Connecticut blows up in mo-
mentary Illustration to criticize
not Congress but simply some
leader or leaders Of it, the roof
falls in upon him. What Cong
reSS needs is to pull up its
socks and defend itself as part
Of the constitutional structure Of
this country. 1t is often wrong
and it has all the human short
comingS of a human assembly.
But It is surely not always
wrong. And in defending its con-
stitutional independence, it C a
never, never be wrong.
The chronicle., 1963-11-12

ships are not sailing with sup
plies into Cuban ports. But we
have yet seriously to twist the
arms Of any Of our "allies"
who persist in selling anything
to Castro that he can pay for.
The foreign minister of Ruri-
tania, looking more closely at
our Cuban policy, would dis
cover some myStifying things.
We merely ''deplore" it when
Castro fires on a U. S. cargo
boat carrying bauxite from
Jamaica to a Gulf Coast port.
But when a BristiSh ship puts
into Key West with a load Of
Cuban refugees, we arrest the
captain for not giving the U. S.
immigration authorities notice
that he wishes a docking per-
nit.
So is Castro really our enc
my? If you were the foreign
minister Of R~uritania, would you
believe it?
Still, we must have enemies.
The foreign minister of Ruri-
tania, looking at the Dominican
Republic, might receive a clue.
There a military dictatorship
rules, having recently depoSed
the democratic" Juan Bosch.
The British have recognized the
dictatorship, but Washington re-
fuses to follow suit.
So the foreign minister Of
R~uritania might reasonably ar
que that the U. S. doesn't like
relationships. Lifting his gaze
from the Dominican Republic
and staring at South Wetnam,
where we have at least tacitly
helped in overturning a tough
government, the foreign minis
ter of Ruritania might fancy
that he had discovered a cor
roboration Of his insight. mas
much as it is ten-to-one that Ru-
ritania is itself a dictatorship,
this could hardly sit very well
with the puzzled foreign min
lister.
The chronicle., 1963-11-12

AS the stock market averages have
climbed to historic highs, the little
fellow again has been nibbling at stocks
and borrowing to buy stocks has soar
edit was against this background Of
increasingly heavy trading and borrow
ing in the stock market that the Fed
erai Reserve Board moved last week
to curb speculation by hiking the down
payment (margin requirement. or listed
stocks from so to 20 per cent Of the
purchase price.
AS one result of this timing, unor
are widespread about the growing i'm
portance of the little fellow in today's
stock market and his gambling in the
wildly fluctuating glamour issues.
This is unfortunate. The little investor
Is not nearly as significant a force in
today's stock market as is generally be-
lieved. Nor is he the gambler that most
people think he is.
Now that the market is gyrating ner-
vously at comparatively high levels,
let's puncture two myths about til
little investor.
Strictly in terms of numbers, public
ownership of stocks in this country is
enormous. has no parallel anywhere.
The 1862 census of shareownership in
dictated at least IL million Of us own
stocks in U. S. puhlicly-held corpora
tons, a rise of 161 per cent since 1852
and representing n out of every i
adults in the country. The total is high
er now.
But how much stock do these millions
own? The belief that they own a huge
amount Of stock is a myth.
Specifically, the estimate is that the
dollar value of all public stocks in the
U. S. is around $3.50 billion. Here is
how the New York Stock Exchange
breaks down this total.
Only 10000 financial institutions hold
around one-third of all the stocks. They
W about $3.50 billion.
Only 800, 900 individuals hold the next
one-third These are families with in
comes of SIS, 900 or more and they
around $40 billion.
ALI the remaining millions Of the II
million-plus individual shareowners hold
the last one-third. Their combined own
ership also comes to approximately $170
billion.
Even though tens of millions of Ameri-
cans participate indirectly in the stock
market through the 10000 financial in
stitutions which W stocks, when Wall
Street pros speak of ''the public COM
ing into the market" they are refer
ring to direct buying of stocks by little
investors trading through their own &C
counts. These NYSE figures put this
activity in perspective.
What do the millions of shareholders
who own only one-third of the dollar
value of all stocks outstanding buy
when they purchase stocks directly for
their own accounts?
The belief that they buy the hot
stocks which frequently ride the roller
The chronicle., 1963-11-12
Quirks In The News

VENTURA, Calf. CUPID - Motor
lists on their way to work during the
morning rush hour on the busy Ven
tura Freeway had a new hazard TO
contend with.
About 1,400 bottles of soda pop
poured out over the freeway when
truck driver Leonard Mccoy swerved
to avoid a collision and lost about 100
cases of pop. Traffic was tied up for a
half-hour.
The chronicle., 1963-11-12
Willidm S. White
Whats Congress Doing?

WASHINGTON = What's the
matter with Congress, and es-
pecially the Senate, and W hy
isn't it "doing more?"
There are several answers.
The session has been too long,
the President having asked far
too much, and it looks that the
present Congress will still be
sitting here struggling with old
problems when the new Congress
is called to assemble next Janu-
airy. Members, therefore, are
tired and irritable - and unduly
afraid of a bitter and sustained
attack on Congress, as an insti-
tuition, that is not being met
by Congress itself with courage
or common sense.
This strictly bipartisan assault
comes from an odd collection.
There are political theorists who
believe both the Senate and
House are mere horse-and-buggy
nuisanceS which should be re-
tired to some dusty national mu-
scum while the White House -
so long as they like its current
occupant - runs all the show.
There are violently "pro-Kenne-
dy" men who think anything the
President proposes is unargu-
ably good and thus that any
Congressional resistance, or
even delay in meeting his de-
mands, is unarguable 'obstruc-
tive" and evil.
There are other Well-intention-
ed people who, through long
braine-washing, have come to be-
lieve that Congressional perfor-
nance is to be measured like
industrial production or the sales
rate of liverwurSt at the super
market. So many thingajimmieS
off the assembly line this month;
so many packets of sausage
across the s~upermarket counter.
In many minds the sole stand
ard Of Congressional achieve
ment has come to be how many
bills have been passed in what
period. Thus extraordinary fool
ishness wholly overlooks the
fact that negative inaction on
unwiSe proposals is quite as inn
portant as positive action on
wise proposals and also hap
pens to be the constitutional
obligation of an Independent con-
stitutional body called Congress.
And, finally and most import
ant, there is a highly erticu-
late splinter group within Cong
ress itself which for two years
has been making its own wild
attacks on the very constitu-
tional body to which it asked
to be elected.
These fellows in nearly every
case are diSgruntled legislative
failures in a forum where their
political abilities fall short of
their ambitions. Unable to inn
press their colleagues, they look
about for the reason. Invariably.
they find that reason not with
in themselves but within the