davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-10
THE POLITICAL MILL
G. o. p. Midsummer Madness
By GOULD LINCOLN
The Republican Party seemI

The Republican Party seems
to be going through a period
Of midsummer madness -
but there also seems to be a
method in this madness. And
that method" is to elini-
nate Senator Barry Goldwater
of Arizona as a possible sue
cessful contender for the
G. o. P. presidential nomi-
nation next year. At the
same time, it is to assure
control Of the party, its
presidential nomination and
its 1854 party platform for
the liberals, the progressive
wing of the Republican Party
as against the conservative
wing. The question - and it
is a serious one - is whether
this battle for control will so
split the G. o. P. that, in
stead Of winning control of
the White House and the
Federal Government, along
with material gains in Con-
gress, the reverse will happen
and President Kennedy will be
reelected and the Democrats
will continue to dominate the
national legislature with big
majorities.
Many of the political pro-
fessionals in the G. o. P. view
dimly this building battle,
But it goes on. Gov. Nelson
A. Rockefeller of New York
has been a prime mover in
the effort to steer the party
away from Senator Gold
water and the conservatives.
He launched his attack on
the Senator by declaring that
he feared the Arizonan would
become the captive of t h e
radical right" - the John
Birch Society, etc. - and by
calling on him to repudiate
the support Of the radical
right" The New Yorker, wher
Senator Goldwater's only re-
ply was to say that the Gov
ernor had finally announced
his own candidacy for the
presidential omin a ito n
reached out further in hi.
campaign to discard the Ar.
conan by virtually telling re-
porters. in answer to ques'
tons, that he might not sup
port Senator Goldwater If HI
(Goldwater) were the party
candidate.
Party View of Rockefeller
The professionals in thu
party organization regarC
these moves by Gov. Rookie
teller as attempts to edg,
Senator Goldwater off tn
track. They believe he is act
ing in the hope, first, of win
ming the nomination himself
and barring that, to be il
position to dictate the nomi
nation of another candidat
and also the party platform
They do not see Gov. Rookie
teller as the possible leade
of another Roosevelt-lik
Bull Moose Party if Senate
Goldwater should be tn
nominee for President. Blu
he might sulk in his tent
Whatever the Governor doe:
if he fails to support Senate
Goldwater if he should b
the party nominee, thes
professionals do not see hir
as a possible choice for
presidential nomination il
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-10

tartan and insistent voice of the Ameri-
can heritage, Herbert Clark Hoover, en-
gineer, has built nightly for his coun-
try'S good.
Evening star., 1963-05-02

compulsory arbitration, then
was questioned at length by
committee members.
Answers Questions
Some of the exchanges:
@. Do you have q complete
belief in our free enterprise
system?
A. One thousand per cent.
@. Could the Government run
the trucks and railroads in an
emergency?
A. I don't think they can run
anything.
@. Would you be influenced
by public opinion in a long
strike?
A. Not one way or the other
@. The rice millers say they
lost $40 million because Of the
dock strike last December and
January. Is that an emer-
gency?
A. Suppose some people lose
money? What they want is q
law that will let them continue
to pay wages a man can't live
on. And as soon as the grow
Evening star., 1963-05-02
King Suud Jet
Wreckuqe Found

CUNEo. Italy, May 2 (AP),
Search teams today reported
finding wreckage and parts OF
human bodies in the Italian
Alps where King Saud's private
jetliner disappeared March 2.
Mountaineers made the dis
covery in the Valletta Valley,
about 30 miles southwest OF
Cuneo.
A part Of the planes tail
assembly was uncovered in the
area five days ago.
The plane went down with
eight members of the Saudi
Arabian monarch's household,
a German cook, and nine crew
members-including four Amer
leans and three Britons.
The Jet was flying luggage
from Geneva to Nice, where
King Saud was convalescing.
Evening star., 1963-05-02
Hoffa Seeks Strike Pacts
With Key European Unions

ing season is over the workers
are laid off. They suffer q lot
more than the millers.
@. Did you know that in New
Orleans they had to get a court
order to unload perishable
cargo?
A. If they had spent as much
time talking to the union they
probably could have gotten an
agreement to unload it. But
that's not the way they do
things in New Orleans. You
can always get q court order
for anything anti-union there,
@. What would you consider
a national emergency?
A. A war. That's the only
reason there should be no
strikes.
@. When does a strike affect
the national economy?
A. The national economy's
not involved in any strike, only
an industry. When Ford or
General Motors change models
and lay off thousands that af-
fects the national economy
more than any strike. Low
wages affect the national econ
omy, not strikes.
@. Would you ever call q
Nationwide trucking strike?
A. Never, because we couldn't
win 1t. We'd never strike more
than half because we know the
competitive nature of transpor-
tation. That's why we've been
able to make our strikes work
Because we know this business.
Evening star., 1963-05-02
Group to Hear Author

DR.. John Rock, author Of
"The Time Has Come: a Cath
olic Doctors Proposal to End
the Battle Over Birth Control"
will be guest speaker at a
Planned Parenthood Federation
a n d World Population Emerg-
gency Campaign luncheon
Wednesday at the Shoreham
Hotel.
Evening star., 1963-05-02
Boeing Offer
Awaiting Vote
By Machinists
BY the Associated Press

AFL-CIO Machinist Union
officials prepare today for 9
new vote on a new contract
offer from the Boeing Co.
offer that averted a strike
threat IA hours before the
deadline.
|. Union negotiators hustled to
Washington from Seattle
Wash, for q meeting with the
international president, A. j.
Hayes, after he announced that
the aerospace firms revised
proposals would be submitted to
a vote Of Boeing's 26,100 pro-
duction workers.
A Machinists' spokesman said
yesterday the date and other
details for the balloting still
had to be worked out. He also
said details Of Boeing's pro-
posals would not be disclosed
Immediately.
Three times strike plans have
been issued and then Cancelled
in the Machinists- -Boeing dis
pute. The first was blocked
January 25 by an So-day Taft
Hartley law Injunction. A Sec
ond, scheduled for midnight
April IS, was averted with only
hours to 60 when union and
Boeing negotiators, with the
help of Federal mediators
reached agreement on a con-
tract.
But last week members re-
jected the offer by q margin oi
877 votes out Of more thar
Is 900 cast.
Intense dissatisfaction by
workers at Boeing's Wichits
(Kans0 installation with per-
formance analysis provisions OF
the proposed agreement was
the reason given for the defeat
The 4,200 Wichita machinists
voted 13 to l against accept
ance.
This sent negotiators sour
rying back to the bargaining
Evening star., 1963-05-02
By the Associated Press

James r. Hoffa says he
doesn't want to confine him.
self to the United States in his
efforts to increase the effective
ness Of the Teamsters Union.
He wants European unions
to agree not to handle ship
mants that might affect a
Teamsters strike in return for
a similar pledge by the Team
sters, he told the House Mer-
chant Marine Committee yes
terday.
Mr.. Hoffa made the COM
ment In response to a question
and did not elaborate on 1t. A
Teamsters official said later no
such agreements are being ac-
lively pursued at the moment.
1t was q new role for Mr..
Hoffa, who is usually defending
himsef or his union against
some charge when he comes
before q congressional commit
tee. This time the committee
Just wanted to get his views on
labor legislation. And 1t did. d,
let Off Steam"
on strikes: Strikes aren't
the worst thing in the world.
They let off steam and bring
about understanding E.. when
management brings in scabs
and breaks a strike you don't
hear anyone calling for legisla-
ton. But as soon as a strike is
successful everybody gets in the
act"
On compulsory arbitration:
you can't make people do
something they don't want to
do. You can't contain the
spirit Of people by writing
laws. -"
on cooling-off periods before
q strike can be called:
They're of no value. We just
use them to stimulate the men
so they'll take the same action
later. And we make the in
creases retroactive, anyway"
Mr.. Hoffa read a prepared
statement expressing the Team
sters Unions adherence Of
Evening star., 1963-05-02
Alabama Monument
Honors Boil WeeviI

ENTERPRISE, Ala, (AP) -
This is one southern city that
doesn't have a monument Of q
Confederate soldier standing in
the town square. Its monument
to the boil weevil is said to be
the only monument in the
world which perpetuates the
memory of an insect.
Funds for the monument
were raised in 1919 without So
licitation because the City
Council felt the coming of the
Mexican boil weevi, in 1915 had
been a blessing In disguise fol
south Alabama farmers. Cotton
had been king, but the insects
ravages brought about cror
diversification.
Evening star., 1963-05-02

table. Only a few days ago
Boeing said 1t would make no
further concessions. Then yes
terday, IA hours before Ma
chinistS were scheduled to
picket Cape Canaveral, the new
proposals came.
Boeing's previous three-year
contract offer. included wage
increases of % to 80 cents an
hour. Current scales range
from $1.981a to $3.271a an
hour.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
INDUSTRIAL PROP. RENT
OFFICES, STUDIOS fer RENT

PETHESDA-Air conditioned build.
ing, $50 50. f., parking. $50 mo.
OIL. 2-770e, or Se7-2S32
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
FALLS CHURCH AREA
"a BY 10
DoRMIToRY SIZED

In this sparkling 3 bedrm. home.
10 II. sep. din. rm., spacious liv.
rm,. ranch fenced lot with trees.
Only Sls,50O FHA-GI.
CROWELL & CO., INC.
2160 N. Glebe Realtors ia. 4-3l3I
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
i, y, MARTIN MOBILE HOMES

Continued on Next Pagel
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
THE HISTORIC STONE
MANOR HOUSE
is LOVELY

Every detail conforms to good taste
House and ground are in top condi.
ton. There is a guest house, homes
for domestics and farm a d S,
barns and northumberland a trout
stream. The land is Of the best.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16

MCLEAN AREA-Sl3,s5o, Only slSC
down, SIS mo, pays all, 3-bedrm
rambler on choice V acre, 25-ft
hv. rm., din. rm., equip. kit,
minis. from CHA. Call
Unlikely REALTY IA. 7.O1Sl
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16

| $50 Acres on the west side Of the
river including the manor house
and all Of the improvements, may
be purchased without the undevel-
| oped land on the east bank.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16

PRICES AsHE D-$l 900 down
i ss9Td tpiu9 sefte gneft 9 Costs H a
reduce ed price Of JUST Sls $50
CHA appraisal pendingD OR you
can ASSUME THE LARGE CT
LOAN NOW on this close-in and
very comfortable 3-bedrm. BRICK
COLONIAL, so convenient to the
Westover schools, shops and fast
s bus sf ~ ssiAss HGrth AripFtoF d
NELED REC. RIM. this quality.
built home oitsrs MOST FOR
YOUR HOUS SING DOLL RI
PARKER, SMITH & DONNELL,
Realtor, IA. 7-6l6l, IA. 7-ssl7.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
HUNT. ACCOMMODATIONS

HUNT PRIVIL., limited to 10. 375
acres. Deer, small game Va M
hr. D. c. Season, SIS. KE. sS34z.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
HOUSES FOR SALIVA.

YIENHA-lbedrm. rambler. Pull
bsmt-, rec. rm-s Ice. lot On Guide
sac, Many extraG sls.sSo. DU.
NESI SPRISGFIELD. rambler On
golf course all brick, ] ". old, J
bedTms,, Z baths Assume VA.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
BETTER
HOMES

i LlO
REALTY, INC.
Call for Free Copy Of
Homes for Living" Magazine
BRICK SPLIT LEVEL
Lovely large 3-bedrm., 2-bath
home. rec. rm.. excellent area
walk to schools, bus and shop;
< BROWN REALTY, JE. 4-0O4i
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16

ONE FOOT IN THE COUNTRY
Custom rambler nestled among tall
hardwood trees on Ia acres,
fenced In the rear. 3 bedrooms,
2 baths, full basement. 2-car
garage. Mid-40s. Ell. 6-4161.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
WAREHOUSES FuR RENT

BLADENsBURG-N. Y. AVE. AREA
$4,000 50. Fl.
1000 50. fl. air cond. office, newly
renovated. Paved pkg. for over 20
cars. RI siding, truck platform.
Call If you are interested in low
cost, clean warehouse space.
MR.. KEATS ST 5000
SNYDER BROS, INC.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16

BROYHnL PARK 3-bedrm., brick
ing 81 space Ss,,, IN kit;i fs ga,Se,e I'd.
BUILDER-OWNER, 4 BEDRMS., z
BATHS. Only 20 minis. to PENTA-
CON. Charming new brick rang n
TWO BATHS Gall on one foorl;
LOTS, 2 fireplaces, carport and
screened porch. Peneled rec. r..,
?6x22. CENTRAL AIR-C0NDITION-
ING. Bedrm. and full bath in day
light bsmt. Close to brand new JEFF
ferson High, Weyanoke Grade
miles from PINECREST GOLF
COURSE. Priced in the low Dos.
Open daily u til dark. To reach:
Out Shirley hwy. to A a a d e
turmoil CRte 1850. right 2 mi. to
BTaddOck Rd., left on Braddock, "a
mile to Spring Valley dr.. right 70
Tunlaw and right to property, OW-
NER.BUILDER, CT. $3.50.
CAPE COD-3 bedrms., IVA baths,
fenced yard, redec. Vacant, s29S dn.,
take over pymts. 136-sel7.
CLIFTON AREA-New 2-story, I
bedrms., guest rm., liv. rm., fam.
rm., 2Iz baths. de luxe kit, din.
rm. 2 firepls., covered proch, car
port, wooded acre. Winter price,
S26,s5o.
BASIC BUILDERS CT. 3-l2sI
CONTEMPORARY RAMBLER Liv.
ing room with vaulted ceiling,
large dining L." bedrms., full
bsmt., carport. Excellent location,
Sls,5oo. HANSON HOMES, Real
tors, JE. 3-3737.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
COUNTRY LIVING
ON SIX ACRES

yin OLA hNnEO
Only Z mi. off Shirley hwy. This
custom-built home features large
rooms with ample closet space, ;
bedrms., z baths, firepl. in liv. rm.,
separate din. rm. There is a spa
cious apt. in the daylight bsmt. and
z mod. apis. in a separate attrac-
mortgage payment. Lovely grounds,
ideal for horses. Call US for infor-
nation.
SIMON REAL ESTATE
7o3-7sl- soes 7sl-soes
CUSTOM BUTLDER-OWNER offers
for the holidays (move in next
week or sooner) Delightful 5
bedrm., 3 full bath gas BIB. h.
VIII, plus air-conditioning duets
roughed-in. Beaut. rec. rm. with all
hearth. and firepI. in unusually lge.
Iv. rm., a formal din. rm. with
sliding patio doors to tremendous
private Is #. open porch. A kitchen
that is "out Of this world" incl.
picture window, indirect lights over
all work areas, eating space, GE
equipped, Garage, "a A.; gorgeous
wooded PLOT. Only 500. Inquire
also about 4-bedrm. Colonial on. a
A. lot, another IN McLean-Langley,
spp G J IL 1900 WIN. A CHAPMAN
CONSTRUCTION co.
FAIRFAX-F anne bungalow
sl4,s50. 2 bedrms., plus m y
room, liv. rm., lge. kit. and din.
rm. Partial bsmt. Corner lot, fed,
trees. Price includes redecoration.
So down, $50 mo-, very low settle
ment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
WOODLAND PARK
PRIVACY!

for MIR. 4 Mrs. who wish
2-bedrm., bath, coy home on love.
ly CORNER lot (I00x75o ft), j.
mile from Mt. Vernon mr.. Little
Hunting Greek. Only 81 800 dn., ba.
lance $50 mo. Owner will show b.
appt. ewes. only. Call Elk. 5000 Of
e66-05e0 anytime,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
Convenience Counts

$4,000
3-bedrm., 2-bath, spick-and-
span home with fireplace
in living room, screened-in
porch off kitchen, full base
ment, detached garage, on
nearly - acre. Walk to
transportation and shops.
CROWELL & CO., INC.
oIR0N GlebA RRlatorS IA. 4-3l31
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
WINTER SALE

NEW CUSTOM BUILT
bedrms., 2 baths, huge closets,
sep. din. rm., rec. rm. with fire
place on main floor, full bsmt.
with outside entrance. In a lovely
neighborhood. OK for CT. S2e,e5O.
M. & S. REALTY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
524-45O5
OPEN | To e

YORKTOWN, WILLIAMSBURG
AND JAMESTOWN SCHOOLS
PLUS 4 bedrms., den and 3 baths
make this an excellent large fam
lily home. Close in and convenient
to everything. Features center
hall, rec. I'm. and built-in garage
All on large wooded lot for S37,-
500 and flexible terms
DIR. From Lee hwy, north on
Glebe I'd, left on Old Dominion
dr.. and left on N. Edison st. TO
1927 or call 67l-S400 for details.
SONNETT REALTY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
NEWSPAPERS

Two Weeklies with phenomenal
growth record. need new capital
for future growth, present opera
tons showing profit and rapid
growth expected within months.
A0ee interest for sale 10 finance
equipment and provide workin
capital to fund new counts s.
Fringe area Of Washington, d. c.
committing area. Reply to Box az
H, Star.
RESTAURANT, 4th and K NV
Whisky, beer, entertainment lie.
Machines pay rent. $1,000. $500
On. Mrs. Jackson, LA. 6-S764.
or NE. S-s932.
RESTAURANT FOR SAL EGO
S Sss Nh RaT ERoWF Issyy'eliisa Maryland
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
NEED
MORE INCOME?

SUNOCO has for immed. lease an
excellent service station located in
expanding Rockville, Nd. Now av.
eraging 5000 gal. per mo-, this
high profit potential station Is sit
uated near the center OF town and
on the main route leading to the
NV. location of Acc and Bureau Of
Standards. II Is therefore ideally 10
Gated for a high volume of service
work and TBA sales. A moderate
investment Of approx. S5,000-s6 900
is required for stock, equipment
and wor king capital. For interview
week ends Mr.. Bigham s33-l7t9.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-16
N0uHTAiG PROPERTY

so ACRES, Hunters haven. Deer
turkey. bear, small game abound
: ever-flowins streams Whole
or part Call SP. 3-SS65.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-10-11
Del Monte Brand
On Unfair List

WASHINGTON, D. c. Since
April, 1862, the Agriculture Work.
ers Organizing Committee has been
picketing the California Packing
Corporation, whose main brand is
Del Monte products, according to
a report by the Women's Activities
Dept, AFL-CIO, COPE.
Back in 1862, representative
of the Packing concern told c. Al
Green, director of the AWOC, that
the company would not sign a con-
tract with the union, and had
erected a board fence around its
farmer workers camp, preventing
any contact between workers and
organizers.
Support of the farm workers
and the AWOC is urged with a
don't buy Del Monte campaign.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-10-11
500 Million Worth
Pork Barrel Most Profitable
To LIFE Magazine: DingeII

mail per year, making total of 1918
million pieces of mail for 1862, sub
sidized by the taxpayer to the tune
of 4.6 cents each.
My computations lead me to con-
clude that, using the Post Offices
figures, Life received postal sub
sidy of approximately $14.49 million
in 1862. Since 1866, when statistics
concerning mail subsidies were in
serted into the Record by one of my
colleagues, Life has averaged a postal
subsidy of somewhere between this
$14.49 million figure and $9,494,000,
which was the subsidy in that year.
On this basis we can compute an
approximate postal subsidy to Life
magazine alone of approximately
500 million over the past 10 years.
When we turn to Time, Life, and
Fortune, which sent 497.8 million
copies through the mail during 1862,
the postal subsidy at the average
rate indicated by the Post Office De-
partment can be computed at $22.89
million for 1862.
You will note / have not included
the book rate at which Time and
Life, now major book publishers, are
mailing books through the offices of
the Post Office at a subsidized rate
with public service allowance. This,
l am sure, comes to another substan-
tial figure.
1t would appear, ON the basis of
these figures, that Time and Life
have not done bad at the pork barrel
either.
Sincerely,
John d. Dingell,
Member of Congress.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-10-11

.MISSOULA - The Defense
Department spends more every
six'months than the Forest Ser
vice, Bureau of Reclamation,
Tennessee Valley Authority
and Army Corps of Engineers
civil division have spent during
the twentieth century, Sen. Lee
Metcalf said Thursday.
Metcalf spoke at the fifieth an
r1iversary observance of the Montana
University School of Forestry.
Much of the 63-year gross resource
investment of $24.7 billion, he said,
returns to the treasury in user fees
and power revenues.
Metcalf said that last year revenue
from national forests was approx
mately half what we invested in them
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-10-11
Need For Capital Budget Cited
Defense Spending Each 8 Months Exceeds
Gross 2Ofh Century Resource Investment

that year but "about twice what we
invested in the national forests an
nually only Is years ago."
RECALLS LAND GRAB ATTEMPT
OF A DECADE AGO
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-10-11
Hearing on FPc Jurisdiction
Over Electric co-ops
Is POSTPONED

WASHINGTON, D. C.-(CNS)-
The Federal Power Commission has
postponed until December 10 the
scheduled hearing aimed to collect
information bearing on it's effort to
assert jurisdiction over electric CO.
operatives.
Robert Hen1phill (D-S.C.) had in
Dictated his belief that Congress
should be permitted to act on two
proposed bills forbidding FPC author
ity in this cooperative area before
the commission publicly delves into
testimony on the subject.
The public hearing originally had
been set for October %.
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-10-11

In discussing the Importance of
forestry and land use management
we should remember that only 10
years ago 'sthe national forest sys-
tenn was in mortal DANGER he said.
"It was seriously proposed that
grazing rights on the forest be
vested permanently among holders
of grazing permits, who would also
dominate decisions on other forest
uses CANDY it was seriously pro-
posed that publicly-owned timber
be snapped for privately
stumPs."
Commencing the School of For
estry's program of conservation edu-
cation, Metcalf said "each new wave
of legislators and administrators
must be taught and inspired by those
of us who have been through the past
battles" ~ -s-tr M
Emphasizing the Importance of edu-
cation, Metcalf said there will be
need for 1875 million new jobs by
1870 but not single additional un-
skilled laborer will be needed.
Metcalf said the total expenditure
by the Corps of Engineers for civil
works this century was $14.5 billion.
The Bureau of Reclamation, since it
was formed so years ago, spent $40
billion and IVA in its 80 years of
existence spent So billion, and APP
proximately half a billion dollars
have been spent on national forests
under the Civilian Conservation
Corps and accelerated public works
Orderly land and water develop
ment will be handicapped as long
as this country refuses to provide
for its financing in capital budg-
ct, said Metcalf.
''Only them when the benefit
and revenue from resource deveI-
opment can be seen alongside its
cost, will there be sufficient UNDER
standing of resource investment to
provide the necessary funds"
The people's voice. [volume] (Helena, Mont.) 1939-1969, 1963-10-11
Page

sound financial position" said t. I'll
Steichen, general manager. "Thls
cash payment in no way jeopardlzes
our ability to continue serving Local
affihates with up-to-date products
and services"
Steichen listed four reasons the
ST. million stock retirement is I'M
usually significant:
1. 1t is the largest single coop
stock retirement ever made in this
country.
2. When added to last springs
$21 million cash stock retirement,
the 1868 total reaches $9.2 million
highest amount ever in one year.
3. When added to the 22 previous
Central Exchange stock retire
ments, the all-time total hits $36.6
million in cash returned to local
co-ops.
a. All patronage refund stock
through 1955-covering the first
Is years of operation-will have