davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08

the hands Of a bank to be man.
aged by the banks trust de-
partment, perhaps with instruc-
tors to hire investment coun-
sci. The bank or trust COM
pany viii live forever, as they
say. and provide continuity of
management.
In the case Of small trusts,
the funds may be put into the
banks common trust fund,
which is a pool Of small trusts.
The common trust fund is
managed by the bank in the
same way as its larger trusts,
and being relatively large it
self, such a fund provides the
advantages of diversification
Of investments and a relatively
low administrative cost.
A living trust is one that a
man sets up during his life
time; 1t gets the trust estab-
lished before he dies. If he
makes 1t revocable, it will make
for convenience but have no tax
effects. But if he makes it ir-
revocable, then the assets put
into it win not be included in
his estate. They will, however,
be subject to gift taxes. Either
way. when the man dies, the
trust will continue operations
just as it did before his death.
This eliminates delay and also
cuts down on probate and other
administrative expenses.
Payment of estate taxes -
When a person dies, the estate
tax must be paid within IS
months, although in certain
circumstances the payment may
be delayed or paid in INSTALL
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
BUSINESS
BRIEFS

Rail Freight LOadings in the
week ended March 2 totalled
532,817 cars. up 8.9% from the
previous week and 0.8qo above
the like week a year ago.
Association of American Rail-
roads.
Intercity Truck Tonnage in
"a metropolitan areas across
the Nation in the week ended
March 2 was $50 above the
previous week, but was down
0.8TO from the like week a year
ago.-American Trucking AS
sociations.
Retail Sales over the Nation
in the week ended March 2
totalled S4.34 billion, up SO
from the like week a year ago.
For the last four weeks, sales
were SO ahead of a year ago.
Commerce Department.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
Fairbanks Whitney
Proxy FIGHT Is OFF

NEW YORK (AP) - Fair
banks Whitney Corp. said a
Manchester. Conn.,, attorney
who planned a proxy fight for
control has been elected to the
board and has dropped fight
plans.
The company's new president
an d chairman, George A.
Strichman. said the board to-
day voted into It's ranks George
c. Lessner. who organized the
Fairbanks Whitney Protective
Association last September.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
Founder Eaton Quits
CTR Directorate

William W. Eaton, former
executive vice president and
one Of the founders of C-E-I-R,
Inc, computer services organi-
cation. has resigned from the
company's board, it was an
nounced by Herbert w. Robin
son. president and board chair
man.
Mr.. Eaton's resignation fol-
lowed his appointment as
deputy assistant Secretary of
Commerce for science and
technology. He has been re-
placed on the C-E-I-R board
by Robert D. Holland, vice
president for finance and ad-
ministration.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
United Air Lines
Doubles Earnings

CHICAGO (AP) United Air
Lines increased its operating
revenue to a record high in the
year ended December 81 and
had a net income Of $7.729, 900,
equal TO S1.36 a common share.
Earnings in the previous year
were s3,693,000 or 10 cents a
share.
In its annual report TO stock
holders. the company said the
operating revenues climbed 10
per cent 10 $594.253, 900. 1t
added that part OF the increase
resulted from acquisition Of
Capital Airlines on June /,
1861.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
Earnings

Montgomery Ward g. Co. in
year ended January 80 earned
$20.4l5.681 or $1.51 a share VS..
$l5,859,096 or $1.13 in 1862.
Distillers' Corp. - Seagrams
in 6 months ended January 81
earned $17,876,000 or S2.O4 a
share VS.. $16,416,00O or $1.s7 in
1862 period.
Seagrams g. Sons in 6
months ended January 81
earned $9,302,OOO VS.. 1891, 900
in 1862 period.
Raymond International in
year ended December 81 earned
$2,250,000 or rs cents a share
VS.. a loss of $4,675,701 in 1861.
Other earnings included:
For Year Ended neeennhpr n
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
Sharp Decrease in D. Construction
Puts Building Permits Far Below '62

to around 80 for a time and
then went on to 1l9 around a
month ago. Prior to this weeks
advance, the quotes were 1861
bid and 1874 asked last FRI
day.
In 1862, the bank and corpo-
ration had a is per cent in
crease in combined net operat-
ing earnings from 1861 and the
gains are repeatedly continuing
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
Vitro Gets Controcts
TotuIinq SoS3,432

The Navy has awarded two
contracts totaling $983.432 to
Vitro Laboratories of Silver
Spring, Md, a division Of Vitro
Corp. Of America.
The first is an $3.50 ,943 sup
plement to an existing Bureau
of Naval Weapons contract
for engineering services on the
Terrier, Tartar, Talos and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
90 One Of Best Years,
Du Point Chief Reports

WILMINGTON, Del. (AP)-
President Lammot du Pont
Copeland told stockholders yes
terday that 1862 was zone of
the most successful in the 160-
year history of the Du Pont
Company"
In a 50-page report that
waxed optimism for continuing
high profits, Mr.. Copeland re-
ported that last year was
one of heightened activity
throughout the company" add
ing:
Construction expenditures
for plants and laboratories
reached a record volume of
SEAS million, compared with
SOS million the preceding year /.
THE estimate for 1868 is now
in the range Of $35O-$4OO mil
lion"
Record Profits
E. I. du Pont de Nemours
and Co. previously disclosed
record high profits last year of
1910 million, equal to $6.73 per
share, compared with 1858 mil
lion and $5.72 per share in
1861. Sales, too, were higher
than ever-$24 billion or 10
per cent higher than '6l.
Mr.. Copeland said stockhold-
ers received dividends of $3.50,
even though the firm, under a
Federal Court order, Invested
itself Of approximately % mil
lion shares Of General Motors
common stock. More will be
distributed this year. GIN divi-
dends realized by du Pont
stockholders were 81 a share.
The annual report noted that
practically all of the COM
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
ASST Stock Rise
Attracts Attention

Substantial gains in earnings
ana buying by large institutions
are believed to be major rea-
sons for the recent spectacular
rise in the price of stapled units
Of the stock of American Secu-
rity Trust Co. and its affiliate,
American Security Corp.
Price of the units, which in
dude one share of each cor
roration, was quoted on the
rational over-the-counter mar
ket today at 1876 bid and l42
asked. Last summer the bid
was as low as IS. 1t recovered
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08

bought at all, they probably
should be bought via an in
vestment trust.
Remember two of the in
gradients that go into a rise in
stock prices-(D A rise in
earnings; (2) a rise in investor
confidence.
Don't underestimate the
problems, be humble - Invest
ing can't be successfully done
without real work and effort.
Every political, social, econo-
mic and financial event has its
effect on the price movements
of stocks and bonds. The mar
ket renders its blood SIS verdict
on almost every event of i'm
portance that takes place in
the world. The problem should
be approached with humility.
To voyage successfully in
this sea Of changing prices
and values, the investor must
cultivate imagination, flexi-
bility of mind and the ability
to think clearly, Independently
and Internationally. He who
sets sail today has a favor
able tide to help him along the
dynamic growth trend Of
America and the Free World.
If he navigates skillfully and,
like the companions of Ulysses,
stops his ears against the
sirens song, the profits from
his voyage should be many
times the cost Of setting the
venture afloat.
Copyright6 1862. by the Kiplinger
washington Editors. Inc Condensed
from The Riplinger Book on Investing
for the Years Ahead. published By
doubleday q Co., Inc.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08

pany's product lines partici-
pated in the (sales) increase,
but larger volume was out
standing for Customers, fibers,
pigments and plastics.
The average gross operating
investment increased seven per
cent, up to $3,34O, 100000 in
1862. or about 1920 million
higher than 81.
Investment has grown at a
greater rate than sales" said
Mr.. Copeland. I'm order to
provide adequate service to
customers in today's' highly
competitive economy, it is nee
essary to carry greater and
more costly production capaci-
ties and more working capital
to meet peak sales demands"
Research Stressed
The Du Pont president noted
that basic research continues
to supply the company with
new concepts and new materi-
als-the primary requisites for
growth through diversified in
dustrial ventures" The firm
spent SCI million for research
last year.
Foreign business also in.
creased. Total business abroad
last year totalled 1888 millior
compared with 1858 million ir
1861. Foreign operating invest
ments now total $440 million.
The company also had more
employees and more stockhold-
ers at the end of 1862. EN-
ployes totaled 93,159 compared
to 86,723 in 81, while stock
holders rose to 230,610, an in
crease of 1891.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08

Typon guided missile weapons
systems.
The second, amounting to
500, 489, is from the Puget
Sound Naval Shipyard at
Bremerton, Wash. for torpedo
hardware and handling equip
ment.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08

reaches 81. The trust pays the
income taxes. generally at
much lower rates than your
own, so that when the minor
receives the estate, which will
include accumulated earnings,
no tax will be due.
The Federal gift tax is 2A
per cent on the first $4,000
above the exemptions; 5A on
amounts from $4,000 to $4,000;
8A on amounts from $4,000
to $4,000, and so on. Note
that the rates are about is
per cent lower than estate tax
rates.
Some states have gift taxes,
but the tax rate is very low
or even nonexistent If the gift
is made to close relatives.
Life insurance Under Fed
eral law, the face value of an
insurance policy can be and
almost always is included in
a mans gross estate, even
though the wife is the bene-
ficiary. In most places, how
ever, If life insurance is pay
able to the wife, it is not sub
ject to attachment for debts.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
Rates VoY

Inheritance tax rates vary
from State to State and, in adj
dition, are extremely compile
Gated. A tax lawyer can make
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
By JOHN W. HAZARD and LEW G. COLT

Estate planning is about mysterious most people
And Of course it's great more important
and strangely enough not really complicated Let us
qr some Of the major eemenw joint ownership estate
taxes inheritance taxes gift taxes trusts the Take
Federal estate taxes first they responsible for great
deal Of maneuverng and planning.
Estate taxesFor estate purposes wife may be con-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
OVER COUNTER

Following prices furnished by the Ma.
tional Association Of Securities Dealers In
Washington represent the range within
which locally active securities could have
been boueht or sold at / pm. Friday,
March Q, 1853:
Banks and Insurance Commando
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08

have wills, even though most
of their property is owned
jointly, and especially where
they have minor children.
Another good thing about
having a will: It enables a per-
son to dispose Of certain per-
sonal property that might have
a sentimental as we'll as an
actual value. Listing these items
avoids the unpleasant squab-
bling that so often takes place
in families.
Double foxes
Trusts - Here is one way
in which ashusband can avoid
having his estate taxed twice
that is, when he dies and then
again when his wife dies. If
his estate is large, the taxable
amount may be well above
their combined exemptions. On
the other hand, If she has
money of her own, additional
money may increase her estate
tax problem.
In such a situation the man
could put some of his assets into
a testamentary trust Zone that
begins upon his DEATH, spe-
cifying that the wife get the
income during her lifetime and
that the principal be distributed
among their children after her
death. The amount in the trust
would be taxable as part of the
husbands estate but would
not be taxable again as part
of his wife's estate.
The common way to manage
this kind of trust is to leave
the money and securities in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08

eiqered 10 own half OF her huS-
bands property and he may be
lcersidered to own half of hers.
This law was adopted to make
uniform a situation that used
to exist only in the so-called
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
Lost Of q Series

~~-~-------~--~~-~~~~~
community property states"
1t means that a man can leave
half of his estate to his wife
without having estate taxes as
sessed on that amount. Then
his exemption takes care of
100000 of the balance.
Rates Vary
Just to give an idea Of what
the Federal estate tax rate is,
here is the schedule Of the first
few brackets:
80 FEDERAL ESTATE TAXES
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
Parting Advice

Summing up, here are basic
rules for the person starting
out on the long and difficult
task Of putting his savings to
work and making them grow
Cultivate skepticism In all
your reading and studying, you
should be skeptical. The finan-
cial statements are factual.
Much of the rest is a matter
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
TREASURY BONDS

NEW YORK (Ap) - Noon over the
counter S. Government Treasury bonds,
bid. asked, net change and yield ior
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
FOREIGN
EXCHANGE

NEW YORK AP). Foreign exchange
In dollars and decimAls Of ! dollar. |
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08
MUTUAL FUNDS

NEW YORK tAP)
: National AssOcia-
a6r Securities Deal
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-03-08

copyright0 1862. by the Kipllnger
Washington Editors. Inc. Condensed
from The Kiplinger Book on Investing
Doubleday & Co.. Inc.
Tundra times., 1963-05-20
Scientists Say
 The Stars Really Sing

morce Creek station tracks stars, such as Cassiopiea, by their sounds. The personnel record the sounds on tape and even the singing is re- corded in zigzaggy lines on graph paper. By its sounds alone, they are able to tell where Cassiopiea is at all times.
 Unfortunately, however, the per- sonnel have never found any mean ing in the radio signals or the sing ing from distant stars. So far as scientists know now, although the stars hum and sing, they can't carry tune. Nothing has ever been re- ceived that makes sense from these real recording stars in outer space.
 But then, there are many who contend that our present Holly wood rock n roll artists don't make much sense either.
Tundra times., 1963-05-20
Demo Women
 Elect Officers

Democratic Women's Club, Fair banks, held their regular monthly meeting, Thursday, May g, in the home of Mrs Lii Angerman The officers for the coming year were installed.
 They are; Mrs Lii Angerman, President; Mrs. Edward Mehalick, Vice President; Mrs. Earl Cook, Secretary; Mrs. Nathan Matlock, Treasurer; and Mrs. Warren Tay- Tor, Historian.
 During the last session the club passed a resolution to send letter to Governor William A. Egan, urg- ing him to designate Fairbanks as the site for the next branch of the Pioneers Home.
 The session was the last regular meeting until September.
Tundra times., 1963-05-20
FNA Appoints Committees

On April 16, the Fairbanks Ma tive Association held a meeting at the Presbyterian Hospitality House. The first half of the session was taken up with reading of the newly drafted constitution and bylaws. Some amendments were made in the constitution as we'll as the bylaws.
 After the reading of the constitu- tion the group appointed chairmen for the following: entertainment committee, Irene Moves, publicity committee, Nick Gray; health and welfare, Mary Jane Fate; education committee, Edwin Lutzen; land com mittee, Ralph Perdue. Each chair man will pick three more people to serve in his respective committee.
 The second half of the meeting was taken up by two invited speak CTS from the Fairbanks office of the Bureau of Land Management, Ed Harkabus and Wayne Fields.
 Harkabus spoke on the legal as poets of native allotment laws and procedures in applying for land al
Tundra times., 1963-05-20
Monday, May 20, 196a
By Thomas A. Snapp Times Staff Writer

The stars sing, their singing is recorded, but unfortunately the stars can't even carry tune.
 I'm not talking about the top re- cording stars of Hollywood, Calif., but about the real stars and con- stellations in the heavens-millions of light years away.
 The stars sing to us," an en- ployee of the Gilmore Creek Data Acquisition site said recently.
 The space station near Fairbanks with its giant parabolic antenna, 85 feet in deameter, is able to pick up and record signals from stars way out in space It is believed the signals are generated by explod- ing stars.
 That stars or cancellations send out radio signals was discovered accidentally. After World War II. people became aware of noise in their receivers, noise for which they couldn't account. Scientists studied the characteristics of the noice and theorized that the sounds must be emanating from stars.
 Highly directionalized antennas picked up and chartered the signals. Through research it was determir- ed the sounds were coming from particular spots in the heavens.
 Today, on routine basis, the Gill
Tundra times., 1963-05-20
Space Strategic .
Continued from Page T.

rom Page l)
 named "OsO," ECO" and DO. GO."
 OSO stands for Orbiting Solar Observatory. ECO stands for Ec- centric Geophysical Observatory, and POGO stands for Polar Orbit ing Geophysical Observatory. OSO, ECO, and POGO are among more than TO projects already planned for the next few years.
 And according to space officials, there are new projects being dream- ed up every day.
 Electronic technicians and space research personnel at the Univer- sity of Alaska are expected to double, triple. and quadruple,
 The Gilmore Creek NASA sta- tion now employs 26 fulltime per- sons but when it goes on a 24- hour -a-day operation this summer, it will have to employe about 70 persons. The second facility when built and instrumented will employ about the same number.
 We are primarily concerned with gathering data and doing something with it. said Richard Coan, NASA director at the Gilmore Creek Data Acquisition facility.
 Data in the sky doesn't do any, one any good. It has to be brought down to earth to be put to good use"
 Even Alaska youth are becoming sno"e conscious and in larger num- bers are going into the field of 8aonhvSics, This year more than l00 youag Alasl"7 native men will en+or tnaiaing to become electronics technicians.
 Alaska is cn the move toward importance in the Space Age and so are it's people.
Tundra times., 1963-05-20
Bartlett Says ',.'
TUNDRA TIMES
Continued from Page D

mafrost near the border nor could 1t find water supply.
 Native Claims
 On the issue of native land claims. Bartlett said he thought a forum should be established for the settle ment of the claims He pointed out that in previous decision by the Courts of Claims it had been ruled that Tlingit, Haida Indians had ori- ginal rights to the principal parts of Southeast Alaska.
 He said it had been estimated that eventually the Indians would be compensated about $20 million for the taking of the land.
 On pending claims by Natives in Interior and Northern Alaska, Bart lett said, q wonder now, as I have wondered before, if we are getting into the situation that occurred in the Plains states
 He said he doubted If natives needed large tracts of land, millions and millions of acres. What would they do with them?' he asked.
 Bold And Foolish
 'On the other hand of a deter imitation is made that they have some rights here, and personally think it would be both bold and foolish to deny they don't, then they are entitled to compensation" ]" he added
 T believe they are entitled to land and I doubt if at the present time natives have over 100000 acres of land in all of Alaska"
 He said justice should be served so far as Natives are concerned with "all possible diligence and speed' and that the state should not be pushed to intolerable delays in it's land selection program.
Tundra times., 1963-05-20

lotments. Fields covered the details of surveying the land allotments
 It was disclosed during the meet ing that the executive committee had voted $50 to donate to the burned out family of Randy Raw kins.
 FNA is planning to send two thirds of its 7-man executive com- mittee to the Panama Indian Chiefs meeting on June 5-7.
Tundra times., 1963-05-20

lCOntlnued ed skyward that it is commonly known as an "antenna farm"
 But perhaps even more signifi- cant is the fact that the Fairbanks College area will soon have three NASA stations, one tracking station and two data acquisition facilities No other location in the free world even has two such important space stations
 The Gilmore Creek Data Acqui- sition Site which will be going into full operation this summer is the largest, most sophisticated GSFC satellite ground station in the world.
 And this summer a duplicate of this facility will be built just a half mile from the first one on Gil more Creek, near Fox, Alaska
 The third, NASA station, mimi track station, is located off Farmers Loop Road, near College
 The second data acquisition site, to be built this summer on Gill more Creek, may be the most inn portant station in the world for ob- taining data for predicting the weather,
 The information that will be ob- tained, officials believe. could save thousands of lives in helping to predict more accurately violent weather storms and hurricanes.
 The stations in Alaska will prob ably become the most important in the U. s. so far as weather gq- thering data is concerned, because much of the weather in the lower states originates in Alaska.
 In the lower states, weathermen often talk about a "cold wave on it's way or ''arctic air moving south" Knowing the weather in Alaska is of vital importance in forecasting the weather in the low CT states.
 The TIROS weather satellites now orbiting have provided much infor- nation to Weathermen. Television cameras within the satellites are able to take pictures of the cloud cover over Alaska and transmit them down to earth through the data acquisition facilities.
 The stations near Fairbanks. how ever, will be extremely important as time goes by, particularly when the NIMBUS series of satellites are launched. The NIMBUS satellites are so different from the TIROS they have been given an entirely different name In actuality, the NIMBUS is the second generation of weather satellites.
 The stations will also become more important in receiving data from three important projects nick.
Tundra times., 1963-05-20
Page 7

NIMBUS SATELLITE-Ths acquisition sta tiOn duplicate the Gilmore Creek Acquisition Facility being built Alaska of the US Weather When the told the Weather there might be times when the Gilmore station would not be available for obtaining information satellites Weather aocaed build the station The bureau particularly
 obtaining Nimbu satellites Orbed the Nmbus orbng satellite
 will provide eevson daytime cloud o ne Official NASA Photo