davidaulloa/AmericanStories huggingface dataset:
The Farmville herald. (Farmville, Va.) 1957-current, 1963-07-05

Mr.. and Mrs. c. R. Morton
have returned from visitin G
relatives in West Virginia, New
port News and Richmond.
Mr.. and Mrs. R. E. Quarles
and Miss Nancy Quarles visited
Mr.. and Mrs. j. G. Redford, in
Lynchurg. one day last week
Mr.. and Mrs. Paul Kirtley and
children, Of Richmond, were
week end guests of their par
ents and attended the Meadows
funeral.
The Rev. C. w. vivid Chap
pell preach at the II am. Serv-
ice at Mt. Pleasant on July IA.
A picnic lunch will be served on
the grounds and a social hour
will follow.
Mr.. and Mrs. Jesse HALEY
and family. of Connecticut, are
visiting his sister, Mrs. James
Layne, and her family.
This community got one and
one-half inches of rain on Mon
day evening.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-07-05
Mt. Pleasant

July A Mrs. r. r. Quarles
and d aug hter. Miss Nancy
Quarles, gave a bridal shower
for Mrs Billy Hogan. the for
mer Miss Anne Hobgood. at
their home on Tuesday after
noon.
Mr.. and Mrs. R. E. Dix and
sons returned home last week
end after a two weeks motor
trip through the western states.
This community was saddened
by the death Of W. S. Meadows
last Thursday. The funeral was
held Sunday at Mt. Pleasant.
Most of the Meadows children
have returned to their homes
after being here for the funeral
of their father.
Homecoming
A good many from the com
munity attended the homecom-
ings last Sunday at Rrier
Presbyterian and Beulah Metho-
dist churches.
Week end que SITS of Mrs.
Charles w. Waddill and Mrs.
William Goodacre We're Dr.. and
Mrs. Marcellus w a d dill and
sons. of Winston-Salem. N. c.,
Mr.. and Mrs. King Waddill, Of
Bon Air, and the Rev. and Mrs.
Thomas A. Waddill and son, of
Spout Spring.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-07-05
Sandy River

Miss Betty 10 Gates. attended
Jobs Daughters Grard Session.
at Hotel Chamberlin. Thursday
through Sunday.
Mr. and Mrs. Jimmy Davis
and family. of Richmond, spent
Sunday with Mrs r. B. Wal
thall Billy Davis. who had spent
two weeks with his grandmotil-
er. returned home with his par
entS. Other guests of Mrs Wal
thall were Miss Mabel Vaughan,
OF Rice. j. B. Farrar. Of Black
stone, and Mrs. F. D. Farrar.
Mrs Farrar remained for an ex-
tended visit with her sister.
Clarence Bradshaw ard Lind
sey Bradshaw, Of Bristol. Conn,
and Linda Mintz, Of Middlefield,
Conn, are visiting W. E. Brad
shaw.
Mrs. Rudy Bennett and son,
of Richmond. spent several days
visiting Mr.. and Mrs. Frank
Bruce last week Bruce Wood
ward. of r h m ord, spent
Wednesday night with Ronnie
Bruce.
Mrs. Edwin Woodward and
daughter were overnight guests
of Miss Mary Bruce and John
Bruce Wednesday.
Mrs. c. l.. Jones. OF DinwId-
Gle county. is a guest Of Mi.
and Mrs G. L. Jones. Jr.
Miss Nancy Ussery, of Blacks
burg, arrived Monday for visit
with Mr. and Mrs. William Bass
ard family.
Miss Carolyn Gates returned
home Saturday after spending a
week at Virginia Beach as the
guest of Miss Martha Lea Hub
bard
Robert DAYS. Of East Wood
stock Conn. is visiting Mr.. and
Mrs. James Gates.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-07-05
Green Bay

July 4 Visitors of Mr.. and
Mrs. T. V. Owen and Mr.. and
Mrs. H. A. Ravens this week
are Mrs. Owens and Mr.. Ha-
vens' sisters, Mrs. Ada Hardy,
OF Amelia, Mrs. Sallie Temp
kins. Of Fredericksburg, Mrs.
Lucy Avery, of Mckinney. ard
Mrs. A. M. Hargrave. of Louisa.
A Bible study course. to be
conducted by the pastor, George
Miley. will begin at Liberty
Christian Church Sunday eve
ming. July 7, at 7::30. and will
continue each Sunday for the
next ten weeks.
A-3c Bruce Cheatham, son of
; Mr.. and Mrs Eldridge Cheat
ham. was honored as ESD air
man of the month for the air.
weather group during June at L.
G. Hanscom Field. B e d ford,
Mass, where he is stationed. i.
SIM Robert A. Barton, of the
U. s. Navy at San Diego, Calf,
is spending a leave here with his
parents, Mr. and Mrs. j. NJ.
Barton.
Mr.. and Mrs. James Garrett,
OF Lynchburg, visited his par
ents. Mr.. and Mrs. Charlie Gar
rett, Sunday.
Week end visitors of Mr.. and
Mrs. c. T. Redd and Nh. and
Mrs. R. T. Redd were Mr.. and
Mrs. John Sowder and family,
OF Richmond, Mrs. r. E. Will
iams ard children. of Victoria,
Mr.. and Mrs. John Reid and
boys. of Ellerson. and Mrs. R.
S. Taylor and daughters, of West
Point.
Others visiting the r. T.
Redds during the week end were
Mr. and Mrs. w. T. Spencer and
family and Mrs. Edna Dillon, CT
Farmville, and Bill Dickerson,
of Pamplin.
Mrs. Bruce Hayden and Mrs.
R. T. Redd were Wednesday
evening guests for bridge of Mr..
and Mrs. w. T. Spencer at
Farmyille.
Party and Dance
Mr.. and Mrs. G. W Palmer
entertained a number Of the
young married set at a party
and dance Friday evening Of
last week.
Mr.. ard Mrs. Carlton Gordon
and boys, Of Chase City, were
Sunday visitors OF Mr.. and Mrs.
F. U. West.
Mr. and Mrs. Clifton Archer
and Miss Martha Archer. of
Amelia. spent the week end with
Mr. and Mrs. Henry Layne.
Shopping in Richmond. Friday
were Miss Stella Cheatham,
Mrs c. T. Redd and Miss Mary
Lou Raiford.
Mrs. Nary Locke. Of Charlotte
Court House. is visiting Mr.. and
Mrs w. d. Pollard this week.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-07-05

ed. a broad area Of friendship
Guests Of Mrs. M. II. Ehrlich
and Charles on Sunday included
Mr.. and Mrs. Bill Runion, Of
Staunton, Mrs. Royster and son,
of Richmond, as well as many
local friends.
Recent guests of Mr.. and Mrs
Dennis Hart included Mr.. and
Mrs. Garland Anick and daugh-
ter, Of Detroit, Mich, who spent
Several days with them.
Mrs. Jean Adams and Brenda,
Of Richmond. visited Mr.. and
Mrs. R. L. Adams on Saturday.
Miss Jane Gracey spent sew
The Farmville herald. (Farmville, Va.) 1957-current, 1963-07-05


eral days with her sister, Mrs.
E. w. Sanderson. Miss Gracey
has accepted a position as home
demonstration agent in Lunen-
burg county.
Born to Mr.. and Mrs. Mar
shall $. Smith a son. Richard
Marshall. on June 26.
Miss Alice Smith continues i'll
at her home here.
Many from this community at
tended Vhe unwilling Of tn G
monument at Gainesville Zap
fist Church in memory of the
beloved Dr.. Nash p. Snead.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-07-05

Mr.. and Mrs. Drewry Gates
were guests last week at The
IdleWhyle." at Virginia Beach.
Mrs. John Williamson an d
Miss Margaret Ann Williamson,
Of Scottsville, visited. in the COM
munity Saturday afternoon.
The Farmville herald. (Farmville, Va.) 1957-current, 1963-07-05
Ashl,y,

July 4 ~ The community was
saddened by the recent passing
of NJ. H. Martin. age As. T h {
large crowd attending the funer-
al at Thomas Chapel represent
The Farmville herald. (Farmville, Va.) 1957-current, 1963-07-05
DON'T SCRATCH.
THAT INCH!
IN JUST IS MINUTES

If the itch aeeds scratching, your 4sc
back at any drug store. You feel
quick-drying ITCH-ME-NOT take hold.
Itching auiets down. Antiseptic action
kills germs to help speed healing. Fine
day or night for eczema, insect bites
ringworm, foot itch, other surface
rashes. NOW at Gray's Drug Store, Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07
Beard Favored
MuIter Stresses Need
Of Bank Commission

Representative Multer. DEM
ocrat Of New York. who has
introduced legislation to estab-
fish a Federal banking COM
mission, told the bankers that
chartering, branching, merging
and holding company applica-
tons. are all matters that can
be better handled In q banking
commission, the members OF
which can be representative OF
the public and Of every seq
ment Of the industry.
He also expressed himself in
favor Of removing the Con-
troller of the Currency as q
member Of the board Of the
Federal Deposit Insurance
Corp. II am sure that more OF
you agree with me today than
In 1861 that the Controller
should not be a member of
that board" he said. I'm fact
Controller Saxon himself
agrees with that suggestion"
Mr.. Multer recommended
that the FDIC and the Federal
Savings and Loan Insurance.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07
Saxon Hits at Critics

the dual banking system.
yet some Of his policies and
actions appear to be heading.
perhaps unWittingly. In pre-
cisely that direction.
Il have In mind. for example
his refusal to coordinate mans
Of his activities with those Of
other regulatory agencies, both
ct the State and Federal levels
This Is q new departure. ..
He noted that Congress now
Is considering . proposal BY
Federal Reserve Board Cover
nor j. L. Robertson to create
Federal banking commission
which would assume the func-
tons Of the controller and the
ederRl Deposit Insurance
Corp. along with the superVis-
DRY and bank examining
powers Of the Federal Reserve
Personally, I am convinced
that some action to bring or
der out Of the hodgepodge al
the Federal level Is essential, ?
Mr.. Rockefeller said.
Board Favored
But he urged a different So
luton. Mr.. Rockefeller said he
avors creation Of q central
banking board" with exclusive
power to approve mergers
branches, new national banks
and acquisitions Of banks BY
bank holding companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07

The new board, he suggested,
would leave the remaining
functions Of the controller, the
.FDIC and the Federal Reserve
Board intact. Each Of the three
would designate q representa-
tive to the board, and the pub
lie would be represented by two
additional members.
The president Of the Bank
ers Association told q news
conference yesterday that 9
business recession might come
sooner than we think" unless
taxes are reduced.
Mr.. Monroe Kindred said the
association hopes Congress viii
act this year instead of delay
ing tax revision until 1864, but
indicated that the ABA. in q
resolution to be considered to-
morrow, viii renew its demand
that tax relief be coupled with
q curb on Federal spending.
The ABA leader, who Is
board chairman Of the First
National Bank of Thomson,
Ga. called the business out
look encouraging and said con-
fidence is strong. But there is
some degree of caution as we
move into the new year" be-
cause the expansion, now 81
months old. already has out
lasted most upswings Of the
business cycle. he said.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07

vice president. He becam {
president in 1860.
He is a director of the Bet
ter Business Bureau and tbs
Metropolitan Washington
Board of Trade. He is chair
man of the Employment and
Security Committee of the
Board of Trade.
Carl Breeze, outgoing pres
ident of the State Bank divi-
sion of the ABA, said the d.
visions legislation committee
is keeping a close watch on
proposed Federal legislation in
Washington and that it is
working closely with the Ma
tional Bank Division of the as
ISOLATION and Federal Regula
tory Agencies to better under
stand the overall situation in
the dual banking system.
The savings division of the
ABA elected Charles A. Age
milan, executive vice president
of the Chase Manhattan Bank
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07
Charter No. 5O46 ~ Reserve District No
REPORT OF CONDITION OF THE
RIGGS NATIONAL BANK
OF WASHINGTON

In the District Of Columbia the close of business on Sep
TENDER 80 1863 published response call made by Comp
oler Of the Currency under Section 52l u Revised
Statutes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07

niversary the ABA Is celebrat-
ing at its s9th convention.
Yet the split on branch
banking policy is less a matter
Of national banks VS.. State
banks than of big banks VS.
little banks.
The ABA Is expected to re-
affirm, before the convention
ends. its 1862 stand that ma
tional banks should not enjoy
greater freedom to establish
branches In any State than
do the banks chartered by that
State. a.. a- ar-
The scrappy Saxon was ex-
pected to defend his view that
the banking system must ex-
pand with a growing economy
and rid itself Of hobbies which,
he maintains, actually retard
economic growth.
Mr.. Rockefeller discounted
that danger.
Since 1858, when the system
Of national banks was created
to coexist with tate-chartered
and State-regulated banks, he
said, the dual system has been
a bulwark against centralized
control-"which in the wrong
hands could become a potent
tool for Government manage
ment of the economy"
The controller, an official Of
the Treasury, regulates and ex-
amines the national banks. But
Mr., Rockefeller warned III e
State bankers not to dismiss
Mr., Saxon's moves as "a simple
bid for power; his aim is. to
add the strength Of flexibility
to the banking system. the
financier said.
s Proposal Considered
Mr.. Rockefeller urged those
States which forbid branching
to consider whether they
should permit 1t, at least to
a limited extent"
But 1t would be q bad
mistake, he said, for the Fed
eral Government to force such
changes regardless Of State
laws, and he warned Mr..
Saxon: %.F
ut would be q dubious honor
for him to 80 down in history
as the man who undermined
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07

Corp. should be merged into
one agency. His subcommit-
tee has conducted hearings on
a bill to accomplish that pur-
pose.
These bills seek to accom-
plish the important purposes
Of having all Of the chartering
re gulatory and supervisory
agencies in one place, and ali
of the insuring facilities in an
other" he said.
Those who sponsor these
bills very properly urge that
the Federal Reserve Board
should devote all Of its time
and energy to matters Of none
tary policy"
Mr.. Multer said his subcom-
mittee will start hearings Oc-
tober 20 on q bill to provide
for the chartering of National
Mutual Savings Banks. This
would be a logical extension OF
the dual banking system. There
Is no sound reason why we
should not have q dual system
as to savings banks" he de-
clared.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07
Frank Gunther Heads
ABA Stote Bank Unit

Frank A. Gunther. president
of the Security Bank Of Wash
ington, was elected president Of
the State Bank Division Of the
American Bankers Association
at the ssth annual convention
today.
Mr.. Gunther. who has been
chairman of the divisions exec
utiye committee for the last
year, succeeded Carl c. Breeze,
president of the Bank of
Kremmling. Kremmling, Colo
RADIO.
Edwin Neiland of Whining
ton, Delaware, who Is serving
this year as president Of the
United States Chamber of
Commerce, was reelected vice
president of the division. Rus
sell Clark, board chairman and
president of the Commercial
Bank of North America III
Law school. Except for 31z
New York, was elected chair
man Of the executive commit
tee.
Mr.. Gunther has been a
of the divisions execu-
tive committee since 1861 and
has served as chairman Of its
legislative committee for two
years. He is the past presi-
dent of the District Bankers
Association and has been chair
man of its law and legislation
committee since 1860.
A native of Washington, he
attended public schools here
and the National University of
years as a Naval Reserve Off
Ger in World War II, he was a
bank examiner under the Con-
troller Of the Currency from
1928 to 1949 when he joined
the Security Bank as executive
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07
ASST Profit
Jumps2OPcf.
In 9 Months
BY CHARLES COVELL
Star Business Writer


American Security g. Trust
Co. and its affiliate, American
Security Corp. today reported
an increase Of 20.12 per cent
in net operating earnings for
the first nine months Of 1858
as compared to the same Pc
Rod in 1862.
Earnings for the nine months
Of 1868 totaled $3.812. 1874,
equivalent to S5.77 per unit,
Robert c. Baker, president of
both the bank and its affiliate,
announced. The stock of
American Security & Trust Co.
and American Security Corp, is
traded in units Of one share of
each stock.
Earnings for the nine months
of 1862 totaled $3,l73,818, or
$3.50 per unit. based on $780,
900 units.
Total income Of the com
pany and its affiliate for the
first nine m onths of 1868
reached $1S.3S0,0l5, compared
with $16.059.234 for the same
period in 1862. Net operating
income before taxes was ST.
s63.1s7, compared with $685.
SIT.
Assets of American Security
& Trust Co. on September 80
totaled $494, 5S2,S63, an in
crease of S.6 per cent over the
assets of sass. 007, 944 on Sep
TENDER 30, 1862.
Deposits on September 80
this year reached $445, 752, 055
compared with deposits a year
earlier Of s412,637,957.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07
RETAIL CAR SALES
JUMP So PCT. IN
SEPTEMBER PERIOD

Retail car sales jumped
to I76.15l cars In the final
third Of September. up
nearly 50 per cent from a
year earlier.
Changes in introduction
dates probably accounted
for some of the difference.
Chrysler Corp, for ex-
ample. offered all its 1864
models except the Imperial
September 20. Last year,
it marketed its 1868 Chrys-
Ter and Imperial lines in
September but waited until
October to Introduce
larger-seliing models.
For all September indus
try sales were 390,801 cars,
a year-to-year gain of 9.s
per cent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07

of New York as its president
for the coming year at its an
nual meeting at the Willard
Hotel. Mr.. Agemian succeeded
S. Edgar Lauther. president Of
the Irwin Union Bank & Trust
Co. Of Columbus, Ind. Georg1
M. Wasem, vice president of
the Commercial National Bank
Of Peoria. H., became divi-
sional vice president.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07

ROBERT v. FLEMING
CHARLES c. GLOVER, JR.
HARRY A. deBUTTS
SAMUEL SPENCER
w. JOHN KENNEY
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07

We. the undersigned directors attest the correctness
this report Of condition and declare that it has been examined
by and to the best Of knowledge and belief is true
and correct
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07


fore Congress to enlarge pow
ers of national banks affords
a clear illustration Of the prin-
ciples that are at stake" he
declared.
"On one side, are aligned
those who believe the powers
Of commercial banks should
reasonably be broadened so as
to enable them to perform
more effectively their functions
IN the economy.
Opponents Of these. meas
ures call up versions of past
excuses, question whether it Is
time to relax credit standards,
argue the effects on complet-
ing financial institutions, raise
doubts about the need for
these added powers, challenge
the prudence and probity Of
the banking fraternity and
seek to inspire fears Of de-
preston" he added.
Perhaps the most mischie-
vous basis of opposition
is the argument that. the pres
ent, when our economy is
doing so we'll, is not the time
to relax credit standards.
Double Confusion
This view reflects two
varieties Of confusion, broader
investment and lending powers
merely enlarge the choices open
to banks.
''Uniess it is assumed that
bankers are imprudent and the
regulatory authorities are lax,
this wider horizon of oppor.
tunity should permit greater
diverSification Of risk and a
better ALLEGATION Of resources. !"
In his prepared speech for
delivery this afternoon Mr..
Saxon did not refer to criticism
earlier today Of some of his
policies by David Rockefeller,
president of Chase Manhattan
Bank Of New York Mr.. Rookie
Teller expressed strong oppo-
sition to any policies that
might sound the death knell
Of the dual banking system.
Mr.. Rockefeller had charged
Mr.. Saxon with following "a
policy Of noncoordination," re-
lying on outright power" to
gain his goals, and creating
embarrassment and confu-
sion" by his clashes with other
bank-supervistng agencies.
80 The plan espoused by Mr.
Saxon; to let national banks
open branches even in States
which forbid branch banking,
Mr.. Rockefeller said, would
sound the death knell of the
dual banking system"
81 believe the controller
would be well advised to show
greater restraint IN exercising
the immense power he now pos
7sesses," he said in a,speech at
Constitution Hall.
The divided forum symbolized
growing stresses within tn e
dual system, whose Tooth an
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07
MEMORANDUM

lie w. sTEARNS, JR, Vice President and Cashier of
named bank do hereby declare that this report
condition true and correct to the best my knowledge
and belief
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07

L. A. JENNINGS
RICHARD A. NORRIS
FREDERICK M. BRADLEY
SAMUEL n. KAUFMAN
Directors
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-07
Calls Foes Mischievous
In Exchange Before ABA
BY DONALD B. HADLEY .
star financial Editor

-: Some Of the opposition to enlightenment of the
commercial banks characterized isehevous" by
Controller Of the Currency James Saxon address
fore the National Bank Division of the American Bankers
ISOLATION here today.
he opposition which has developed to proposals now be-
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1963-02-20
Foir Bluff PTA
rieors Bum Tell
Decentralization

School consolidation plans
were discussed last Monday at
the Fair Bluff Parcnt-Tcach-
vrS Association meeting.
j. X. RADON introduced the
speaker. Mr.. b. y. Bum, CO.
unity high school supervisor.
who spoke ON q subject cntitl-
cd "Broadcncd Curriculum #
The new consolidated High
School"
Bum told PTA members
that among the advantages 81
great importance in the con-
SolIdation program was that
teachers would have the priv
ile9c OF teaching in their own
field.
He also told parents that il
would bc their responsibility
10 make every effort To make
The transition from small
school To consolidated school a
smooth and happy one for
their children.
a consolidation of the small
high schools at Evergreen,
Fair Bluff, Ccrro Gordo, and
Chadbnurn is being planned
by county school officials, aft
CT funds were approved by
voters in bond issue cleo
ton last November
Tabor City tribune. (Tabor City, N.C.) 1946-1991, 1963-02-20

Jonn Thomas Wagner. Sta
''~H"lar'' rNor"~ Cnliihan,
Clarkton; Phillip M. Dodson,
Acme; James p. Goodwin, Boil
ton; Henry F. Stubs, Rt. 2,
Clarkton;
l.. Otis Collins, Chadbourn;
W ...d.. l. .wIn r1OuDS, L.aK,
Waccamaw; Mrs. Lydia Step
aons, Evergreen; Albert Jessie
smith, Deico; David c. B0oSe,
H'l'on: Make l.. Ross, Rt. 4,
Whitcvillc;
Covil ID. Branch, Ri. l, Ever
green; Elmo a. Covil, Acme;
Pink Reeves, Ri. /, Nakina;
Dorothy K. Everett, Dc.co;
Jessie b. Goodwin, Box AZ,
Brunswick; Henry ID. Martin
Fair Bluff:
James Franklin Byrd, Ri. 2,
Whitevillc; Bobby Williamson,
ri. 2, Chadbourn: Grady
Watts, Tabor City; Willie B.
Tuton, RI. /, Chadbourn; Ru-
ben Hilburn, Rt. /, Tabor City;
Richard COrdcll Bordeaux
O,lcO; Arthur Lee Byrd,
Whitcvilie.