davidaulloa/AmericanStories huggingface dataset:
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
Listings From
LONGWOOD
+ REALTY
Brick Rancher
THREE BED ROOMS, living

THREE BED ROOMS. living
room with fireplace and pic
ture window, formal dining
room, large eat-in kitchen
with built-in oven and sur
face units, bath, partial
basement with garage, forced
warm air heat, plaster walls;
oak floors. only yrs. old ex-
cellent condition. On lot LOOK
$50, plus extra lot 117x176.
"a mile from town. All OF this
for only $15,8O0.
RURAL LIVING. Frame house
on p acre lot. Two bedrooms,
nursery. living room, eat-in
kitchen with formica top
cabinets and bath. "a mile
from town Several out
buildings. good garden spot.
Only $4,000.
LOTS OF LOTS, large or small,
wooded or cleared, in or out
of town. Good terms.
KEYSVILLE INVESTMENT: IS
room house, with three baths
on large lot. Centrally located
In Keysville $1,000.
PRINCE EDWARD COUNTY:
1877 acres completely fenced,
IT'S acres open. 212 acre stocked
pond, room house. 2 good cat
tie barns with hay, storage.
grainery. 2l3 acres bright to-
bacco, barn, several creeks. 10
miles from Farmville. $4,000
Terms.
RESIDENCE: close to Longwood
College. Living room. Dining
room, modern kitchen with
built-ins. bedrooms. and 2
baths. $12, 9O0-Good terms.
RESIDENCE: Close to Main
Street, 3 Bedroom, IL baths.
large living room, eat in
kitchen. Lot 80x130. Only
$7.400 with easy terms.
Inquire About Our
National Homes
+. FREE 1863 Brochures
THE Green"
lPutney Subdivision
Beautiful Homesites
. Town Vote, . Sewer
. Fire Protection
"Get ALOt For A
n Little''
In The Greens
We have many other bargains on
all kns of property. Contact us
for further information.
LoNGWooD REALTY
CO., INC.
Municipal Building
Phone Elk 2-3563
Farmville, Va.
c. Il. (NIike) LAFOON
Realtor
Home Phone Elk 2-4375
-
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
FOR SALE

FOR SALE
so EASY TO OWN: 9 acres
fronting 1906 #. on U. S. High
way. 5-room frame house with
bath short drive to store,
churches and schools. All serv-
ice routes pass. Ideal for retire
ment or rural living. only
1880. Terms can be arranged.
Strout Realty. T. P. Scott. Elk 2
1924 or PATH. Ask for catalog
and free property lists.
1852 (F>
STOP! LOOK! Completely re-
modelled "Old Home" six large
rooms with bath and entrance
foyer. New OIL fired hot water
central heat Hardwood floors
downstairs and refiniShed heart
pine floors on second floor
Completely replastered. 2 acres
land. fronts on blacktop road
Owner has moved. Priced for
Sll $50. One-third down. Strout
Realty. T P. Scott. Represen-
tative. Cali 392-5624 or 1872 -4773.
l-25-lt
PUPPY - German Shepherd
Axe, five months old. All shots.
Reasonable. Winston Noel. Elk 2
1872. 1-25-lt
TULIPS = azaleaS. cinerarias
and mum plants are now in
bloom at Carter's Flower Shop.
Also beautiful spring flowers.
JonQuils. iris. snaps. heather and
acacia. Send a plant or arrange
ment to some one today. Call
Elk 2-3l5l. l-25-6t
HOUSEHOLD Standard size
F'rigidaire. electric stove in eX-
cellent condition 5000. Mrs.
Richard Duneyant. ST.. Rs. Box
%, DillWyn. Va. 1-25-3p (F)
APPLIANCES = Home Com
fort Since 1864" factory sales
and service. Repossessed wood
ranges, electric ranges. comb
nation ranges, water systems.
Write P. o. Box 2l23, Lynch
burg, Va. 1-22-4p
PUILETS We sell started
pullets Buckingham Farm Sup
ply. Dillwyn, Va. Phone Yukon
3-2551. 3-3O-tf
SHEATHING 1000 #. used
sheathing. Gilbert Wood, Farm
vile, Va. 1-18-4tp
FRAME DWELLING - 7-room,
2-story. Bath up and down. Cor
ner Putney and Virginia streets.
Priced for quick sale. Indy
Hamlet. Route 3, Farmville.
Phone AC 3-246l. l-l8-tf
MONOGRAM oil circulater with
Wer. Excellent condition.
Been used one year. Phone Eek
2-5213. LIST
BARGAIN - Good going local
business. Selling due to i'll health.
Phone Elk 2-4l25. 1-15-4t
PUPPIES - English Shepherd,
good guards and cattle dogs. See
after 5 pm. E. G. Dunnavant,
r. |, Meherrin, Va. 1-l1-6p
MULE Heavy mare suitable
for farm or logging, thoroughly
broken, gentle, guaranteed sound
and to be a top work mule any
where hitched. With or without
harness. W. B, Clark, Phone SOL
1860, New Carton, Va. 1-ll-5p
FIRE WOOL - Slab wood sawed
stove length, delivered. several
load sizes. Phone Elk 1904 or
Elk 2-3l61. Robert Taylor.
7-17-tf
STORM WINDOWS - Venetian
Blinds, call Watkins. Phone Elk
2-4347 12-1l-l4tf Cd
OFFICE EQUIPMENT
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
FOR RENT

APARTMENTS = uppe II and
lower $1,000. 1902 Bridge st.
Phone Elk 2-4369. l-4-8tp
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
FOR RENT


HOUSE - One mile from Farm
vile, on Cumberland Road. -Four
rooms and bath, screened porch.
oil heat. storm windows. open
fire place in living room. cleo
trio hot water heater. E. M.
Whitlock, Farlnville, Va. l-25-lp
FOR easy, quick carpet clean
ing rent Blue Lustre Electric
Shampooer only 81 per day. So
HdWe. l. Appl. Cob l25-lt
UPPER APARTMENT unfurn-
ished. Water and heat furnished
500 Oak St. Phone Elk 1885.
l25-5p tF)
- --~ : -- ~ >
DWELLINGS ~ two, located 8
mile north Rice on road 619.
Contact Ralph P. Hines, Elk 2
5497 or R. M Bradshaw, Elk 2
1855 l-22-2t
ROOMS Furnished with kitchen,
girls. Call Elk 2-3548. =. l-22-tf
-
FURNISHED apartment. Call
Mrs. John Stokes. 1882
APARTMENT rooms, in
Guiding kitchen and Atchenette,
electric hot water heater, 2
blocks from Main street on
Second Street, $25 ger mo. Johns
Equipment Co. Elk 2-3l4l, Farm
vile. l2-28-4tf
FURNISHED apartment. Call
Elk 2-3548. 1-4-tf
APARTMENT - Three rooms
and bath, completely private
First floor. Hot and cold water
furnished. John Morris. Elk q
357l. 1-1l-9p
APARTMENT two bedroom
duplex, available Immediately
Third Avenue. c. j. Cox, Farm
Vile. l0-30-tf
APARTMENT = Hot and colo
water furnished. Three rooms and
bath. $29 50. Phone Elk 2-3l54
10-19-tt
HOUSE - Near Main Street, 8
bedrooms. living room, kitchen
and bath. $4,000 month. Landon
Atkins, Farmville. Phone Elk 2
1895 or Elk 2-4607. lO-l2-tf
HOUSE -Four rooms, and
bath. modern located on A
street. phone Elk 2-4039 Or Elk
1852. F. E. Barthelemy.
12-4-tt
APARTMENT 4 rooms, sec
ond floor, oil heat. 600-A Second
Street. Farmville. Call Elk 2
1886. 19-l9-tf
APARTMENT : 4 rooms, hot
water and heat furnished. 6Ol
Pine Street. Mrs. D. A. Jackson.
Elk 2-3576. 9-25-tf
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
What's Free?

This space Is offered without
charge by The Herald to anyone
who wishes to give something
away Free. %l-h
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
VIRGINIA.:
In the Circuit Court of Cumber
land County:
H. E. COOKE

In the Circuit Court Of Cumber-
land County:
H. E. COOKE
LUCY w. WADE, ct ais.
Order of Publication
The object of this suit is to
remove a cloud upon the title
of the plaintiff H. E. Cooke to a
IA acre tract in Hamilton Dis
trict, Cumberland County, desig-
mated as Lot No. 8 on a plat re-
corded in Deed Book 81, page
274.
And affidavit having been
made and filed that Andrew
J ck son Wade, of IS Grant
Court, Long Branch, N. j., Mat
tie Wade Holloway, of IS Grant
Court, Long Branch, N. j., Vir-
ginia Wade Brooks, of 742 st.
Nicholas Ave, New York, 81,
N, Y, Rosa Wade Austin, of rs
Warren st., Apt. 8, Patteson,
N. j., and Raymond L. Wade
Of 3546 18th St., N. w., Apt. |,
Washington D. c.. are not resi-
dents of the state Of Virginia
and that their last known adj
dresses are as stated above:
1t is ordered that the said
Andrew Jackson Wade. Matte
Wade Holloway, Virginia Wade
and Raymond L. Wade do ap-
pear within ten days after due
publication Of this order and do
what is necessary to protect
their interests.
R. H. BLANTON, Clerk
JAMES P. BABER, pa.
Cumberland, Virginia 1-25-4t
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
FOR SALE

HOUSE near Hampden-Syd-
ney. Modern. four bedrooms.
Two baths. Central heating. One
and half acres. Call AC 3-24O1
l-8-St
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
Card OF Thanks


PARRISH - l wish to thank all
of my friends for cards and
letters, pastors visits while in
the hospital and at home. Mrs.
Clyde R. Parrish, Scottsville.
1-25-1p
LAYNE The family of the
late Hatcher Layne wishes to
thank their pastors, many
friends, neighbors and relatives
who were so kind in their ex-
pressions Of sympathy during
their recent bereavement. The
Layne Family. 1-25-lt
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
IN MEMORIAM

THOMPSON - In loving mem
DRY Of father, father-in-law and
grandfather, Eugene R. Thornp-
son, who passed away nine years
ago, January 81, 1854.
Now the laborer's task is over:
Now the battle day is past
Now upon the farther shore
Lands the voyager at last.
Your son, Oliver. Jean and
grandchildren. 1-25-1p
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
LEGAL NOTICES

VIRGINIA.:
In the office Of the Clerk of the
Circuit Court for the County
of Cumberland the 2nd day of
January, 1868:
EDMONIA AFFORD MCKENZIE
Complainant
VS..
WILLIAM A. MCKENZIE
Respondent
The object Of this suit is TO
obtain a divorce from the bonds
Of matrimony for the complain
ant from the respondent on the
ground of desertion.
An affidavit having been made
and filed, according to law, stat,
ing that William A. Mckenzie is
a nonresident Of the State of Viz
ginia. it is therefore ordered
that he do appear within ten
days after due publication here
of and do what may be neces-
sary to protect his interests in
this suit.
R. H. BLANTON, Clerk
W. G. Fitzvatrick. pa. l-ll-4t
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
WANTED
Lost and Found


DOG large, black male hound
some white in breast. Lost in vi
cinity of Trenholm and Powha-
tan. $25 reward. Fred D. Zim-
norman, R. 8, Bedford lisp
B1LLFOLD Containing pic
lures, etc. Owner may claim at
Farmvllle Herald: Office. 1885
WATCH - Yellow gold, link
band lady's wrist watch lost in
business section, Saturday. Re-
ward. Mrs. H. P. Whorley, Roses
Store, Farmville. l-25-2p
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
SERVICE

WE CRY FOR YOU: Dickerson
Auction Co.. phone Elk 1855
Farmville. l0-2O-tf
COMPLETE Sc PTIC TANK
SERVICE: cleaned, repaired and
new installation. w. W. Dicker-
son. phone Ex2-3556, Farmville.
l0-2O-tf
SEPTIC TANKS AND DRAIN
FIELDS INSTALLED. ditching
and terracing. Ayers Building
Supply Co., phone Elk 2-3906.
Farmville, located on old Cum
berland Road. Jackson Heights
HIT
BUTCHERING : meat process
sing, deep freeze supplies. Bur
gers Market. Farmville, Va.
11-30-22p (F)
HOUSEWORK - Mondays and
Wednesdays. Call Elk 23496.
l-25-2p
REAL ESTATE appraisals -
farm, residential, business prop
erty appraised. Export 2-5165.
Herbert R. Stokes, Farmville,
Va. 1852
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

FOR SALE
HOUSE near Hampden-Syd-
ney. Modern. four bedrooms.
Two baths. Central heating. One
and half acres. Call AC 3-24O1.
1857
STORM WINDOWS. DOORS
Dennis Cr1tzer. Elk 2-551l after
3 p. m. 11-3-ti
OR RENT - Wheel chairs hospi-
tai beds, crutchers. canes, or sick
room needs. Gray's Drug Store.
Farrnville. 6-2O-tf
PYROFAX GAS Call us for
Pyrofax Gas, Gas Stoves. and
Hot water Heaters or Gas Ser
vice. The mos. economical way
to cook and heat water. Buck
mgham Farm Supply. Dillwyn.
Va Phone Yukon 3-2551.
3-30-tf
STOVE WOOD-Round. green or
dry. Will deliver. John A. Gates.
Elk 2-5356. l-l-8p
GROW YOUR OWN F R UT.
VIZ il e for Free Copy 56-pg
Planting Guide Catalog in color,
offering Virginia's largest as
so1tlnent of fruit trees, nut trees.
berry plants, grape vines; also
landscape plant material. Sales
people wan e d. Waynesboro
Nurseries. Waynesboro, Vir-
GINA. l44p (Fl
TRUCK COVERS = stock sizes
and made to size. Watkins AVN
ing. Ala E. Third Street.
12-ll-l4tf III
STOVE WOOD = dried kindling
blocks, hard wood slabs, cut
heater length. Buffalo Shook
Company. Farmville. 8-31-tf (F)
IA ANGUS heifers. Vaccinated.
Ready to breed this spring.
Charles M. Spencer. Bucking-
ham, Va, Phone WO 9-220l.
Las F
CARPORTS Aluminium avn
ingS, door hoods. Watkins Avn
ing. Ala E. Third Street, Phone
Elk 2-4347 12-1l-l4-tf Fl
BUILDING LOTS
On cute IS north Of
Dowdy's Corner, lOO'x4OO'.
S ACRES
On N & w Railroad near
overposs at airport.
W. W. DlcKERsoN
Phone Ex 2-3556
FormviIIe. Va.
NOTICE
TO WHOM IT MAY CONCERN
I will not be responsible for
any debts contracted for the
business of Farmville Cite S
Service Station, E. Third Street.
Farmville, after December 81,
1862. Eugene S. Weaver, Farm
vile. LAT F.
DOG OWNERS - Rabies vac
cination clinic will be h e | d
Wednesday, Jan. 80 from 100
to 800 at the Fire House in
Farmville. Vaccination fee for
each dog $3.50. The quarterly
schedule will be published later.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

OR RENT = Wheel chairs hospi-
tai beds, crutchers. canes, or sick
room needs. Gray's Drug Store
Farmville. SCOT
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

PYROFAX GAS Call us for
Pyrofax Gas. Gas Stoves. and
Hot water Heaters or Gas Ser
vice. The mos. economical way
to cook and heat water. Buck
mgham Farm Supply. Dillwyn,
Va Phone Yukon 3-2551.
3-30-tf
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

DOG OWNERS = Rabies vac
cination clinic will be h d
Wednesday, Jan. 80 from 100
to 800 at the Fire House in
Farmville. Vaccination fee for
each dog $3.50. The quarterly
schedule will be published later.
Dr.. F. j. Clements. Health di-
rector. 1-l8-3t
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
NOTICE

TO WHOM 1T MAY CONCERN
I will not be responsible for
any debts contracted for the
business of Farmville Cite S
Service Station, E. Third Street.
Farmville, after December 81,
1862. Eugene S. Weaver, Farm
vile. Lat F.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

STORM WINDOWS. DOORS
Dennis Cr1tzer. Elk 2-5511 after
3 p. m. 1-3-ti
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

STOVE WOOD-Round, green or
dry. Will deliver. John A. Gates,
Elk 2-5356. l-l-8p
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

HOUSE One mile from Farm
vile, on Cumberland Road. -Four
rooms and bath. screened porch.
oil heat. storm windows. open
fire place in living room. cleo
trio hot water heater. E. M.
Whitlock. Far1nville, Va. l-25-lp
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25
HELP WANTED

PULPWOOD CUTTERS for the
Warrenton. Virginia section.
Must have truck. Phone w. B.
M un son. Calverton 789497O;
nights Luray RI3-6314. 1-25-4t
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

The object of this suit is to OBJ
tain a divorce from the bond CT
matrimony from the defendant
on the ground of cruelty which
amounted to construc tive deser-
ton of the complainant. by the
defendant. T..
An affidavit having been made
and filed that the defendant is
not a resident of this State, it is
ORDERED that he appear be-
fore this Court within ten days
after due publication Of this OF
der and protect his interest
therein.
VIM. E. MAXEY, tR., Clerk
MAX 0. LASTER, p.q.
Ills East Main Street
Richmond 10, Virginia
A Copy-Teste
VIM. E. MAXEY. Jr., Clerk
: 1-11-4t
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

STORM WINDOWS - Venetian
Blinds, call Watkins. Phone EX
2-4347 12-ll-l4tf (F)
The Farmville herald. (Farmville, Va.) 1957-current, 1963-01-25

FIRE WOOL Slab wood sawed
stove length. delivered. several
load sizes. Phone Eek 1904 or
Elk 2-3l61. Robert Taylor.
Evening star., 1963-05-19
YOUR MONEYS WORTH
Conflict of Interest
Problems Are Subtle

In its report on the securi-
ties markets, the Securities &
Exchange Commission ques-
tions whether bankers, invest
ment bankers, insurance COM
pany executives and mutual
fund managers should be direc-
tors of companies with which
they have financial dealings or
in which their firms hold stock
In recent months there has
been mounting debate on tht
judicial ethics of Fedora
judges who are directors O.
corporations and banks. Their
are subtle problems of conflic
of interest involved, the SEC
admits.
One Of the men most quail
fled to comment on this sub.
ject Is Sidney j. Weinberg
partner in the investment bank
ing firm of Goldman Sachs &
Co. Mr.. Weinberg has served
on as many as IS boards of di-
rectors at one time, including
Ford. General Foods, Continen-
tai Can. Here are some of
Mr.. Weinberg's views on the role
of directors in business today
Porter: What's your reaction
to the SECS questions about
financial professionals sitting
on boards of companies with
which they have financial rela-
tionships or in which their
firms hold stock?
Evening star., 1963-05-19
Allegheny Delays
IDS Meeting

NEW YORK (AP).-Officers
Of Allegheny Corp. have held
up on plans to recapitalize the
Investors Diversified Services,
big Minneapolis based mutual
fund distributor Allegheny
controls.
Whether the delay is tempo
rary or permanent is not clear.
The threat of legal action in
itiated by Allan p. Kirby, loser
in 1861 proxy battle for Allie
ghany control, brought post
ponement of a directors meet
ing to be held tomorrow.
Allegheny, a holding COM
pany, advised IDS that it would
therefore not vote its shares,
representing 47.8 per cent, at a
special IDS stockholder meet
ing scheduled for Thursday
where the recapitulation plan
is to be submitted.
IDS headquarters in Minne-
apolis, in turn, has advised
shareholders that it doubts Sc
riously that there will be a
quorum in the absence Of the
Allegheny shares, and that
management expects to move
Thursday for the postponement.
Evening star., 1963-05-19

Weinberg: 1t would be ex-
tremely unwise to rule out
these financial professionals as
directors, especially in view of
the fact that good directors are
so hard to find. Most of the
former abuses stemming from
the sort of thing the SEC ques-
tions have been eliminated by
SEC and stock exchange rules
and court decisions.
Stockholders a actually are
well protected by laws undel
which a director of a corpora.
ton with securities listed on 9
stock exchange must report his
purchases and sales in that
company's stock each month
must surrender to the corpora
ton any profit he makes from
purchases or sales within a six
months period and must dis
close in proxy statements any
dealings with the company
either directly or indirectly
which give him profits of more
than $4,000.
Porter: Has the problem of
conflict of interest been a rea-
son suitable directors are hard
to find?
Weinberg: Yes. This is one
factor. But while there is much
talk about conflict of interest,
amazingly little conflict of in
Evening star., 1963-05-19

BituminOus Production in the
week ended May II totaled
9,225, 900 tons compared with
100000 in the previous week
and S.142,000 in the like week
a year ago. Output for the
January 1-May II period was
estimated at 157, ,203,000 VS.
156,731, 900 last year.-National
Coal Association.
Crude Petroleum Stocks, do
mestic and foreign, on May IL
totaled 247,385, 900 barrels. UP
1868, 900 for the week.-Bureau
Of Mines.
Manufacturers Sales Of dur
able goods in April totaled SIT
billion after seasonal adjust
ment, VS.. $l6.6 billion March;
new orders in April totaled
$l7.9 billion VS.. $l7.2 billion In
March. - Commerce Depart
ment.
United States SmeIt., Ref. &
Min. Co. annual meeting was
adjourned until tomorrow be-
cause the tally Of voting by
stockholders had not been COM
pleted.
Howard b. Johnson, presi-
dent Of the restaurant chain
said that the company's goal
is 1000 units. He said the chain
is expanding at the rate Of one
new restaurant a week and a
new motel every 10 days.
IDS. Inc, announced that II
had been notified by Allegheny
Corp. which owns nearly hall
Evening star., 1963-05-19
WiggIesworth
Heads Bond Club

Thomas E. Wigglesworth
account executive of Merrill
Lynch, Pierce, Fenner & Smith
was elected president of the
Washington Bond Club at the
annual outing at Indian Spring
Country Club Friday night.
Mr.. Wigglesworth has beer
vice president of the club in the
last year and succeeds Thomas
N. Leef Of Ferris & Co.
Mel Wright Of Rouse, Brew
er. Becker g. Bryant was elect
ed vice president and Robert H
Menzel OF Jones, Kreeger g. Co
was named secretary-treasurer
William Neuhauser of Bella.
man, Neuhauser & Barrett anc
Robert Hanson of Jones, Kree-
ger were elected to serve on the
board of governors with the
officers.
Evening star., 1963-05-19
Tubbs New Head
Of Accountants

Wilbur B. Tubbs of the
Chesapeake & Potomac Tele-
phone Co., has been elected
president of Washington Chap.
ter, National Association OF
Accountants, it was announced
yesterday.
Other new officers are: Clay
ton s. Hendricks, Wall Street
Journal, vice president; A. T
Samuelson, General Account
ing Office, vice president; John
H. Cragoe, cap Telephone
treasurer. and Robert c. Ragan
Ernst & Ernst, secretary.
Elected directors were: Paula
M. BarkStedt, William T
Barnes. Lee B. Brown, Robert
C. Cell, Clifford F. Johncox
Alma w. Otto, Edward H. Snit-
fin and Aubrey M. TolSon, jr
Evening star., 1963-05-19
By SYLVIA PORTER

terest has turned up in recent
years among companies I
know.
Conflict Of time is another
factor. I think the professional
m ager Of one company
should not be a director of
more than two other COM
panies. With this many outside
directorships, he can broaden
his outlook, learn something
But with three or four outside
directorships, h els Just taking
on an additional job, in effect
giving away the assets of his
own company.
Porter: What effect has the
development of stockholder
protective" associations and
groups had on directors?
Weinberg: They can only
make directors more conscious
of their responsibilities, but it
is still the directors and not
the stockholder groups who
have the legal responsibility.
The board of directors is the
supreme body of the corpora
ton and is obligated to see
that the corporation is well
run. Generally speaking, stock
holders today are far more
cognizant of the type of direc-
tors elected than they have
ever been in the past. The day
Of the stuffed shirt director is
over. Term" directors also are
fast disappearing, m e amin g
that stockholders have a
chance to vote for the election
Of directors every year.
Porter: How does a company
select candidates for new di-
rectorS?
Weinberg: The most ortho-
dox way is to establish a COM
mittee of the board, often
chaired by the chairman of the
board. which in turn solicits
suggestions from current board
members. This may sound like
a self-perpetuating process but
1t is actually the only practical
way to get good candidates.
Few people realize how difficult
1t is to get the proper men,
with adequate business expert
ence and judgment, to serve as
directors. Getting g the right
kind Of directors is one of the
biggest problems faced by
American industry today.
Porter: What is an ideal"
setup for a board Of directors?
weinberg: A board should
have a majority of outside
members and should consist of
men who are independent, in
formed, dedicated TO attending
meetings, constructive critics
and aware they must keep in
side information to themselves.
These directors also should re-
sign when they reach the age
of 10 or 72 to give younger
men a chance.
Evening star., 1963-05-19

IndustrialistS heard confer.
ence board speakers report
that the future looks good FOL
appliances, most consumer !
goods and the machine tool in
dustry. However. prospects for
construction were not so good,
they said.
William w. Tongue, econo-
mist for Jewel Tea Co., said
he expects general consumer
spending to keep on growing.
The Nation is operating close
to effective capacity and ex-
pansion that would produce
jobs may be at hand, reported
Walter K. Bailey, chairman of
Warner & Swasey Co. of Cleve-
land.
Analysts agreed that current
business conditions and the
outlook are favorable. Among
their conclusions:
Finished steel consumption
will exceed last years total,
increasing to between rs mil
lion and 76 million tons.
Higher sales of industrial
equipment and expansion of
capital spending are indicated.
New construction looks prom
ising.
Industrial production, a key