davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-16
By SYLVIA PORTER

buying under such names as
minimum deposit" financed"
or bank loan" insurance.
The key sales appeal of this
insurance has been that the
buyer could get much higher
coverage for his money than
through a regular insurance
purchase. This Is possible be-
cause under the financed" and
similar purchase plans, the In
sured horrows the cash to cover
his premium costs either from
the insurance company or q
bank. The policy is collateral
for the loan. The only money
he actually pays out Of his
pocket is the interest on the
loan and he gets part Of that
back by deducting the interest
on his income-tax return.
ran is D1Sllke0
The way this has worked out
Is that the higher an insured
persons tax bracket is, the
more tax he saves with his in
terest deduction and the less
comes out Of his own pocket to
pay for the insurance which is
being bought with borrowed
money.
The Treasury has disliked
this plan for years and it fl
nally persuaded the House to
add a provision to the 1868 tax
bill which would end the prac-
tice. Generally speaking, the
bill would bar an interest de-
duction for loans used to buy
or carry life insurance under a
plan which contemplates sys-
tematic borrowing Of the in
creasing cash surrender value
Of the policy.
Certain exceptions would
allow the interest to remain
Rehabilitation instance, If the
interest didn't exceed 500 a
year or if the policy were taken
out in connection with q trade
or busineSs-but the objective
is clearly to knock out the tar
deduction which makes the
plan a money-saving way Of
buying more insurance for les.
money. And this change woulC
apply to insurance contract,
bought after August 8, 1868.
What should you do in antic,
ipation Of this change? tn,
Research Institute Of Americs
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-16
ess. "ALLSTATE Tires Are Your Best Buv Because -

GRAND PRIZE WINNER. The
Studebaker Avanti will be awarded to the
retail store winner whose entry il judged
as best among all those competing in this
area. Thus the GRAND PRIZE WIN.
NER will also be A STORE PRIZE
WINNER.
How TO qualify. Visit your local Sears
retail store. Look for the ALLSTATE
Tire display, and learn the amazing
safety and performances records for ALL
STATE Cuardsman Nylon Urea Pur.
chase your ALLSTATE Tires and get
your entry blanks.
Contest Of Skill. Enter the Contest by
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-16
Hercules Powder
Net Up in Period

ST. LOUIS DD-Hercules
Powder Co.'S fourth-quarter
earnings viii rise from the
year-earlier's indicated $6.l83.-
791. but net for the year still
will trail 1862. Henry A. Thou
ron. president. has told st. Louis
financial analysts.
Nine-month earnings declined
to s1.26 a share from sl.36 a
share a year earlier, he said.
In all 1862 the firm earned
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-16

age over $4,000 would become
taxable income to you as Of
next year.
What can you do in anticipa-
ton Of this change II the 1858
bill becomes law7 Outside Of
cutting back to $4,000 Of COW
erage or making a charity the
beneficiary Of your coverage
over $4,000, there is nothing
you can do to avoid or reduce
the added tax cost.
Tomorrow: Income averag-
ing tax break.
Distributed, 1858, By Hall Syndicate,
Inc: AL RIGHTS Reserved)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-16

completing the contest statement as di.
rected. Entries will be carefully Judged
for appropriateness, freshness, clarity
and sincerity, by the Reuben H. DON.
nelley Corp.
Sears IL celebrating Victory for
Safety on ALLSTATE Guardsman
NylOn Tires. These are the tires built
TO out last and out perform the original
equipment tires they replace. These arc
the tires that hold the new coast to coast,
and border to border speed records. And
the ones that also were driven 1862
MPH on the Bonneville, Utah Salt Flats
proving ground.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-16

what below but nowhere near
the drop Of II cents q share II
the first six months" The
years sales will increase from
1852. he said after the meeting
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-16

Here's your opportunity 10 enter
a contest and win the same type Of car
that set new coast to coast and border to
border records for speed and safety >.
on ALLSTATE Tires.
Who Can Win. Sears ALLSTATE Tire
customers will receive an official entry
blank with each new ALLSTATE Tire
purchased from Oct. IL through Nov. l6,
1868. One entry blank for each tire.
Store Prizes, Too. Entries in each
participating Sears retail store will be
judged separately for individual store
prizes. Store prize will be your choice Of
a set of 4 new ALLSTATE Tires or a
500 Sears Gift Certificate.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-16

Free Mounting of Your Sears Snow Tires
Now and We Will Remount Your
Regular Tires in the Spring at no Add.
tional Charge.
Evening star., 1963-02-03

Ioe. IlssulAIs0 yvMsLGR
PAlaS -ldeal io' serving hoI OF
cold drinks Shoter-psoof plosiic
in ossoried colors. n eoS oos
Evening star., 1963-02-03

IsD. MAka.uP MIaRoa-
Decoso,ed poreeloin bose ond
stem S" diomeler mirror with
ploin ond mogniiT0e sides. eoe
Evening star., 1963-02-03

SEN. AAaTAI AAixIso eoWLS
unbreoLobIc spun oluminUm in
3 most useful a1es i pint. !
qvoFi, Va qUofi , Ger ooe
Evening star., 1963-02-03

Iu. Q PLASTIC naasS
hANesRs Sturdy. iVH sire.
with noa-skp Oolches. PiHk. blue
of eleor plastic. 6bboa ted
otoS eee
Evening star., 1963-02-03

IO0. pIAssse sGAVIse SgS
Soh ond pepper shokers. Gov
cred burner dish ond sioso9e dish
in cleoT ond color saUene eos
Evening star., 1963-02-03

IsAA ssaieosss soAaD COW
m- fIoshe edged 70 ts al So
bOoTds. IieosFeilec6ng finish
moLes Ton.no iosisT. eosieS. 9es
Evening star., 1963-02-03

zee. . eaAssEavsT SPOONS
Senoled edge s,oinIess steel
eIm'noaes need 10 precv1 irvi,
sections. Bomboo handles.
aiOV zee
Arizona tribune., 1963-02-01
NEGRO VOTERS
THWARTED IN DIXIE

Montgomery. Ala. : Although
700 Negroes tried to register to
vote in Montgomery County in
December, only 200 we're ac
cepted. -..,...
The Montgomery Improvement
Association, an affiliate of the
Southern Christian Leadership
Conference, reported that regis
trars used various methods Of
harrassment to prevent Negroes
from completing registration Al
though books are opened for 10
days during December, the regis
trar failed to notify the public
until one week had passed.
Arizona tribune., 1963-02-01
GAS HEATERS
MUST BE CHECKED

City plumbing Inspector warns
residents to check gas heaters
and furnaces. He reports l4per-
sons almost died from inhaling
carbon monoxide fumes escap-
ing from faulty equipment.
Dunn said there have been no
axphyxiation deaths in Phoenix
since the city public works de-
partment began an educational
program in Sept. 1861 with the
assistance Of state, county and
private agencies.
Persons using gas heaters or
furnaces are. advised to keep a
window slightly open at night to
allow fresh oxygen to enter.
Arizona tribune., 1963-02-01
HOUSEHOLD
articles for sale
REPOSSESSED

REPOSSESSED
Large refr. bal. due $28, oxl2
carpet bal. due So, Kenmore
washer $24, Philco refr. bal.
due $50, elec. range bal. due
$33, large 3-pc. sectional cost
$3.50, bal. DUE $S7. Maytag wash
er bal. due $68, Tappan range
bal. due SAC, Norge refr. bal.
due $50, ironer cost $1So, bal.
due $23, reclining chair bal. due
$18, rocking chair 81.
SOUTH PHOENIX FURNITURE
4lO1 So. Central BR 6-4lOl
Arizona tribune., 1963-02-01

Down memory lane with this picture which made twelve years
ago the grodbreakng held the site of the
sanctuary of First Institutional Baptist Church, A E. Jefferson.
From left Mrs. Nette JONES' 59 E. Jefferson. member of
the church since l9 Mr. William Wise ZOOS. Montezuma
ber for the 43 and Rev. l. Nelson the
church for years, who is in Texas.
Mr.. recently contributed $l25 the building fund.
Arizona tribune., 1963-02-01

Bidding farewell couple of adopted Phoenicans group
of Valleyies who attended farewell party Friday night
First photo from left Mr. Virgil Berry, Mr. and Mrs Arthur
Patrick. and hostess Mr. and Mrs. j. Leonard Edwards
Capt and Mrs Arthur Longmire honorees.
Capt. Longmire is member of the United States Air
He recently obtained his bachelor of science degree from Arizona
State University
He has been assigned Patterson Ohio.
second photo Mesdames Virgil Berry, Edward Banks Mr. and
MRS VIII James. Mrs. Bobbie McCray Miss Syb Jones' Messrs
Bobby McCray, Charles Harlins and Mrs, lin Thus
Arizona tribune., 1963-02-01

KEEP UP WITH THE NEWS
SUBSCRIBE TO THE TRIBUNE
Arizona tribune., 1963-02-01

Feb. l Regular temple meet
ing.
Feb. A PDR Council meet
ing.
Feb. IL = Regular Lodge meet
ing.
Feb. II PISA fund raising
committee and the education de-
partment will sponsor a Negro
History Week program, "Pro-
gress Through the Years." The
public is invited to attend the
program centered on the Eman-
cipation Proclamation Centennial
1t will be held at the Baptist
Temple, 300 S. 40 Street, $3.50
pm.
Mar. 5 For the first time
Grand Canyon Temple 437 pre-
sents a Coronation Ball, semi
formal. Donation ST..
Mar. 81 PIE Council and PDR
Iouncil will meet in Phoenix.
The PD Council will convene at
pm. and the PER Council will
meet at l:45 pm.
Loyal dtrs. not required to be
in uniform.
After the meetings a banquet
honoring the Brother and Daugh-
ter Elk of the Year will be held.
Each member of the lodge or
temple is entitled to send in a
choice for the person you feel
has done the most for the Or
ganization this year.
~ You must state your reason on
your entry.
l' Send them to Dt. Esther Nc
- Elroy. 2l30 E. Broadway. before
al Mar. Is.
Charlestta McClammy
Reporter
Arizona tribune., 1963-02-01
2 MEN NABBED --..-.
IN STATION THEFT

Within five minutes after two
men held up a service station.
police apprehended two suspects.
q Jailed for investigation OF
armed robbery of Keith's Phil
lips &c Station. 10Th Ave.. and
Baseline Rd., are Joe Lewis.
Is, 1910 w. Yuma, and James
Cage. 80. 2522 S. g. Ave.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28
Graphic Arts Center
Built for Goetz Co.

The Goetz Co., which operates
printing and reproduction serv-
ices at several locations, soon
will have a new home at 2419
M street NV, where a modern
Graphic Center is under con-
struction.
The firm, founded in 1927,
will consolidate several of its
services under one roof in De-
cember. 1t now operates in -four
locations, with the main office
at 1890 Twentieth street NV
The Graphic Center will &C.
cupy four floors and the base
ment of the building which is
being erected by Donohoe Con-
struction Co., Inc. The designer
was Wendell B. Hallett.
The center will include the
complementary services of In.
dustrial Arts, Inc, and Inter-
national Business Services.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28
ON WINGS
AirIines' New Bird
Winging Our Way

A brand-new breed of bird
the aft-engined BOeing 727
commercial jet liner-iS due in
Washington a week from today,
Unfortunately, very few of its
potential passengers will get to
see the three-engine, short-to-
medium range plane because
all efforts to date to get Ma
tiOnal Airport landing privileges
have been futile.
The 727, first deliveries of
which will begin late this year
will be based at Andrews Air
Force Base during a day OF
demonstration flights for a Sc
lected passenger list.
Washington will be one of
Al cities in % countries on the
Introductory itinerary-a route
attractive enough to arouse the
wanderlust in anyone. Samples:
Tokyo, Rome, Calcutta, Paris,
Stockholm and Montreal.
Current orders for the 727
total 131 planes, including 40
each for United Air Lines and
Eastern; IL for LufthanSa; Is
for American and 10 for Trans
World.
The plane on tour made its
initial flight May % and nine
of them have already flown an
accumulated 500 hours in test
ing.
Still another new one, which
made its first flight about two
weeks ago in England and one
which will be seen in United
States operation next year, is
the BAC-111, on order by
Braniff, Mohawk and American.
y \ 4 II
Gen. Albert c. Wedemeyer,
board member of National Air
lines, will address the National
Airport Clubs dinner meeting
at the Marriott Twin Bridges
motor hotel at 6 pm, Thurs
day, September S.
+ y \ =
After six months, a Wash
ington area automobile dealer
has found another way to
make business go up-sell
helicopters, too.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28
TWA-Pan Am
Plan Proposed
By the Associated Press

Trans World Airlines has
proposed to share the United
States Transatlantic passenger
market with Pan American
World Always on an area
basis.
E. o. Cooke, TWAS senior
vice president for industry af-
fairs, said TWA should be des-
ignated as the exclusive Unit
ed States airline serving
southern Europe, the Mediter-
ranean basin and Africa.
Similarly, Pan American
would have exclusive United
States access to northern and
eastern Europe, including the
vast potential lying behind the
Iron Curtain" Mr.. Cooke said
at a Civil Aeronautics Board
he airing on transatlantic
routes.
Both lines would continue to
operate their existing routes
east of Asia Minor and the
Middle East, he said. Specifi-
cally, Mr.. Cooke said, the route
realignment would involve
elimination of TWAS author
/ ty at London and Frankfurt,
and Pan Americans authority
at Rome, the Iberian PENN
sula, France, Ireland and the
Azores.
TWA also would operate the
United States-South African
route instead of Pan Ameri-
can.
Mr.. Cooke argued that the
two airlineS currently diSsipate
much of their strength in COM
peting against each other.
He said that while in 1852
TWA and Pan American COM
peted against only seven for
eign airlineS in the North At
alntic market, the number now
has increased to II, with many
other foreign authorizations
yet to be put into effect.
AS competition has increased,
the seat capacity of transat-
lantic service has increased at
least 500 per cent in 10 years.
Unfortunately, almost so per
cent of those seats are now be-
ing operated untitled" Mr..
Cooke said.
"TWA and Pan American
alone operated the equivalent
OF almost is daily empty Jet
flights last year"
Mr.. Cooke said TWA opposes
an area-service recommended
ton of the CABS Bureau of
Economic Regulation which
would eliminate TWA service
east of Cairo, in Ireland, at Tel
Aviv and at Philadelphia.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28
SEC Groups Mutual Funds Bomb
Getting q Long Look From Industry

charges from proponents
should be prohibited in an
amount in excess of the de-
auctions from the later INSTALL
mentS under the plan"
Additionally, there should be
a simultaneous offering of a
level-load voluntary plan for
shares of the same and (ex-
cept for prepayments of selling
charges) on substantially the
same basis.
The industry maintains the
front end load is necessary to
stimulate the regular savings
habit, and to compensate ade-
quately the plan salesman.
Banned in California
"The argument that the
front end load is necessary tt
finance the sale of mutual fund
shares to the public is over
stated" Congress was told
Clearly mutual funds can be
and are sold without a front
end load. Indeed, California,
the State which in 1862 led all
others in mutual fund sales,
prohibits the sale of contrac-
tual plans.
"The extent to which the
penalty feature of the front
end load actually serves to en-
courage regular investing habits
is also open to question"
At present, about one million
fund ShareownerS, or one-third
of all, bought shares through
contractual plans. Their plans
are worth about $2.3 billion
just a tenth of the industry's
total assets.
The study group also found
that the front end load Struc-
ture encourages high pressure
selling.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28

future front end load plans. "
Mutual fund shares often are
sold through what is called a
contractual plan, although nc
legal contract is involved. A
contractual plan is essentially
a long-term program Is to rs
years, generally 10) for invest
ing in fund shares on an in
Stallment basis. The plan is
characterized by the deduction
of about so per cent of the
first IL or Is inStallments for
sales charges, A feature COM
monty known as the front end
load. Through the load a large
part of the total sales commits
sion is paid in advance.
If front end loads aren't
banned, the report said, at 9
minimum their permissible
limits should be fundamental
ly altered. The maximum
amount deductible for sales
charges from early INSTALL
ments should be lowered, the
installments from which they
are deduced should be spread
out and the deduction of sales
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28
Investors Fund
At $50 Million
InFast Growth

Net assets of Washington
Mutual Investors Fund, Inc,
crossed the $50 million mark
for the first time on Monday
and added another mark in
IL years of rapid growth.
James M. Johnston, president
and board chairman of the big
Washington fund, said net
assets totaled $50,007,16O on
August rs, compared with $685.
BAT, 1857 a year ago and $12,-
1872, 604 five years ago.
When the fund sold its first
public stock offering on July
81, 1852, it had net assets of
5000, 900.
Net asset value per share
rose to $10.73 on Monday
compared with $3.50 a year
earlier and 1857 five years
earlier. On July 81, 1852, the
figure was IS a share.
Stockholders who purchased
their holdings on July 81. 1852,
not only. saw their value go
from SIS to $10.73 in the II
years, but in that period also
received $3.49 in cash from
capital gains or realized profits.
The fund now has more than
10000 stockholders in all SO
States, but the biggest con-
centration OF ownership is in
the Washington area. Roughly
one third of the shares are
owned in the area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28
Gross Loans Expand
In Capital Banks

Gross loans of Washington's
three largest banks edged
higher in the week ended
August 81, with gains in loans
to banks and other financial
institutions offsetting small de-
clines in commercial and real
estate loans, the Federal Re-
serve Bank of Richmond dis
closed today.
Gross loans of Riggs Ma
tional, American Security g.
Trust and National Bank of
Washington aggregated $708.-
482 900 on August 81, compared
with $7O4,695, 900 a week earlier
and 639,142,000 on August %
last year.
Commercial and industrial
loans of $144,612,0 900 were down
slightly from $145, $4,000 a
week earlier and $147,920,000 a
year ago. Real estate loans of
1925, 73l 900 were behind $685.
1872 900 a week earlier, but re-
NAMED far above $184,124,000
a year ago.
Loans to domestic CONNER
cial banks jumped to $12,733,-
900 on August 81 from Sc mil
lion a week earlier, but were
behind $13.5 million a year
earlier. Loans to other financial
institutions, including foreign
banks, totaled $123,4 100000 VS..
1922, 089, 900 a week earlier and
sos, 1895, 900 a year earlier.
Deposits totaled $1,345,588,-
900, compared with 1854, 949,-
900 a week earlier and $1,251,-
10000 on the like 1862 date.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28

ordered as a hedge against a
strike was used up in increased
production by other industries.
Still, there was a considera-
BILE let down in steel ordering
and production, this u m m e r,
That may be ending now. A
number of mills report a pick
up in new orders and inquir-
les, looking toward a better fall
business.
Inventories Reduced
And the American Iron and
Steel Institute reports that last
week the mills poured 1,742, 900
tons of steel, up IL per cent
from the previous week, and
nicely ahead of the 1911, 000-
ton output of the like week of
1862. With the exception of one
week in July, a fluke, this was
the first rise since May.
The signs that the steel in
ventory r e duction is ending
earlier than first expected are
leading to upgrading of esti-
mates of steel production in
the final months of the year.
The Woodworking trade
weekly, Iron Age, says earlier
predictions that fourth quarter
shipments would be about 1875
m illion tons are now being
jumped in some industry cir
Giles to as high as 1875 million
tons.
For one thing, the industry is
counting on big orders from
the auto makers for October
shipments. For another, it be-
lieves the official Washington
predictions that the whole eco
nomy will advance over the
next few months.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28
BUSINESS BRIEFS

quarter ended July 3 earned
SO, 1886, 500 or $1.09 a share VS..
SO. 208, 400 or $1.05 in preceding
period.
Allied Mills in year ended
June 80 earned 5000, 064 or
$3.50 a share VS.. $2.637, 694 or
1928 in preceding period.
J. l. Case Co. In eight months
ended July 30 earned $4,195, 4l0
VS.. a loss of $2,166,306 in pre-
ceding period. Its earnings in
quarter ended July 81 were
$2,296,679 VS.. $407 asa earnings
in 1862 quarter.
A. G. Spalding in nine months
ended July 81 earned l,402, 600
or Slab a share VS.. 100000 OF
81 cents in preceding period.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28

per cent higher than $685.
100000 in 1854.
The per capita record OF
$3,219 was ga per cent ahead
of $3,027 in 1861 and POT per
cent above $2,668 in 1857. 1t
also was 43.5 per cent above
$2,244 in 1854.
The District increase from
a year ago was in line with
a Nationwide gain of 6 per
cent. The District average
was well ahead of a national
per capita figure of $2,366 due
largely to the fact that all of
the District is urban area.
The record 1862 District per-
sonal income included $1,642,-
100000 of wage and salary dis
burSementS, $199 million of
proprietors' income and $416
million Of property income, the
department survey showed.
The government payroll of
1913 million was the largest
single item in the District
total and included $737 million
for Federal civilian workers,
$82 million for the military and
$94 million for the District of
Columbia government.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28
GE to Celebrate
SO Years Here

General Electric's Major APP
pliance Division is marking the
company's 50th anniversary in
Washington this year by build
ing a major addition to it's
Chesapeake District offices and
warehouse at $685. v street,
NE.
The new building will have
1880 square feet of floor space
and feature a product display
area and auditorium plus pro-
viding additional offices and
warehouse space.
General Electric opened a
one-man sales office here in
1913 and now has almost 800
employees in the Washington
area.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28

work totaled $27,548,000 VS..
17,028, 900.
Montgomery County, led the
area with $85, 900 of total
construction and $57,157, 900 of
residential building. Other Sec
ton totals: Prince Georges,
$40, 664,0 900 and SIS, $4,000;
Alexandria, $17,086,000 and
$12,342,000; Arlington, $780,
ISL 900 and $5.807, 900; Fairfax
County, $72,145,000 and $54,-
622 900; Falls Church, $751;
900 and $1,379,OOO; Rockville,
$6,193,000 and $3,438,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-08-28
Area Construction
8.4 Pct. Above 1862

Building permits in the
Washington Metropolitan Area
totaled 1888, 637, 900 in the first
seven months of this year
a gain of 8.4 per cent from
1912, 1882, 900 in the correspond
ing 1862 period, the Census
Bureau reported yesterday.
Residential building &C.
counted for $219,573,000 and
provided 21,572 new dwelling
units, compared with 1910, 609,-
900 and 22,154 units last year.
The seven months tota,
included $59,406,0O0 in the
District of Columbia VS.. SAT-
1886, 900 a year ago. Residential