davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-02

The young individualist
has some bright ideas. She's
fresh, original. accomplished.
Shed never follow q trend.
Shed set it. By nature she's
q non-conformist-by habit
q claSsicist."
I read this the other day.
1t referred to clothes but it
seemed q suitable description
Of the crop of young autumn
brides and how they choose
the contents for their first
home. I would have added
one more phrase, and her
taste is usually perfect"
It's truel I think today's
young marrieds have much
better taste than their moth
ers. No furnishing the living
room with spindly little
chairs that made everybody
hold their breath when any
one weighing more than
twenty pounds sat down on
it. They are not going to
clutter up their home with
antiques that b belonged to
dear Aunt Betty. If they're
rickety, they're QUIT
The seem much more COL
or conscious and are better
educated In utilizing the more
subtle themes. And when
they use some Of their fresh
original ideas they can be as
daring and delightful as an
adventure into space.
I like the idea of never fol-
lowing a trend, but setting I'll
It's fun to be q trail blazer
and today's young Mrs. John
Doe isn't going to get stuck
with any set pattern. Shes
creating her own, and that's
why it's fun to be invited
into the home Of the Just
Beginners"
With today's marvellous
coordination of fabrics, paint
and wallpaper there is far
less excuse for making those
expensive mistakes. But even
at that, a bride must be Sc
lective If she wants to ex-
press her individuality.
So say Good luck to all
you new brides, and do let
your house be as fresh and
original as your new hus-
band will allow!"
Questions, Answers
Mrs. J. J. G. asks:
"I have a unique prob
lem-two living rooms! The
front room used to be what
was called the old fashioned
"parlor." A wide arch sepa--
rates the rooms which have
10-foot ceilings. Should both
rooms be painted the same
color? Sofa is brown and
gold and a large swivel chair
is tangerine. In the second
room. my davenport and
chair are blue. Also what COL
or rugs and draperier would
you suggest?"
Dear Mrs. j. J. G.:
! 1t doesn't seem to me that
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-10-02

This wonderful array Of fell fashion
includes dovbIewooIknit wool crepe
su1sttes. IoopY wool moheir. wool
fonnsIs and flof wool knits! Stunning
one and two piece styles. A-linss,
empires. jumpers. jacket dresses, in
vsrtsd pIsofs-ths works! Wonderful
rich coIorines throughout. els for
! Misses, Sis for Juniors. and 3.l3 for
Junior Petites. No mail or phone
orders, pleose.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

4. Providing the Commission
with intermediate sanctions
over firms and individuals.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03
SECS Own Summary

The tollot0ino excerpts are
from the SECS o,Dn summary
OF the report together NTH
com ments By Chairman
Carey.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

time. A record flow Of these
new issues was another crit
ical trial for both the regula-
tory pattern and industry prac-
tees; the findings of the re-
port do not invalidate the gen.
eral thrust Of this pattern or
those practices. At the same
time particular weaknesses
have developed; their elimina-
ton should strengthen the dis
tribution mechanism without
impairing access to the capital
markets. Most of these can be
remedied by rules of the COM
mission and the NASD, with
one important exception.
At present a prospectus con-
tanning business and financial
information about a company
must be delivered to the pur-
chasers of the company's stock
during a period of 40 days after
a registered public offering of
that stock. The findings of
the report of the special study
demonstrates that, particularly
in the case of new issues,
dramatic price movements may
result from uniformed investor
action and that maximum ex-
posure Of financial and public
information is crucial to secur-
ing knowledgeable evaluation
Of these securities. The COM
mission will, therefore. recon-
mend to the Congress that, in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03
ARGENTINE
Air Force Loyal,
Hits Rebel Bose

northwest of Buenos Aires. 1t
said the fighting involved more
than 100 paratroopers who re-
fused to surrender to Loyalist
troops. There were no other
details
The rebel radio claimed that
the fleet of ships led by the
aircraft carrier Independence
with % jets was speeding up
the River Plate toward Buenos
Aires.
"At dawn our air power will
strike extensively again." the
rebel broadcast said.
Rebel marines moved out Of
the capital last night after
holding downtown Buenos Aires
most of the day. They also
abandoned key points taken
earlier in the day at La Plata.
1t was believed they were head
ing for the fleet headquarters
at Mar del Plata, 400 miles
southeast of Buenos Aires. and
the naval base at Bahia Blanca,
$50 miles to the southwest.
The Air Force chief, Brig.
Carlos Armanini, loyal to the
Guido government, said his
planes would go all out against
rebellious Navy strongholds.
The Navy claimed new Jet
victories against government
tanks near Magdalena, where
a tank column was bombed and
shelled yesterday.
The revolt erupted yesterday
morning in an effort to block
the elections June % for Presi-
dent and Congress. The Guido
government planned to let the
Peronists take part. and the
Navy feared they would win,
since about a third Of Argen-
tina's voters usually vote
Peronist.
Two violently anti-Peronist
generals touched off the revolt
with a breakfast-time appeal.
but it soon appeared they were
only fronting for the navy.
The air force and apparently
most of the army stood behind
the government and opposed
another military coup.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

Warmer weoiher coils for lighter weight Foshem Shoes You'll
like choice of styles the largest in the country correct
for dress business wear Premium eothe have finely
eroed for good looks and fine fiji giving them that famous Forshem
exro Of second por" Without doubt your soundest
spring investment handsome lightweight Forsheim Shoes
Mems Women Forsheims exclusive Hahns Washington
NOis all shoe leather descriptions refer TO Uppes only.
MARROW HcIs. PRINCE CO. PzA ALEXANDRIA 7conEr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03
Continued From Page Al

Continued From Page Al
night. La Plata is 35 miles
southeast of this capital,
THE beginning of a tragedy
is under way for Argentina" a
military officer said. Too
many lives will be lost"
This apparently was a refer
ence to the loyalist command
order to attack the Navy re-
bells in an about offensive.
Rebels Vow Fight
Earlier a rebel broadcast
from the Puerto Belgrano area
had said the navy will not sur
render and that I'VE will fight
TO the death"
The joint command Of the
loyalist forces in Buenos Aires
reported fighting had erupted
also in Cordoba, about 400 miles
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03
7 DIGNITARIES
NEARLY DIE IN
AIR-COOLED CAR

CAIRO (AP)-A glass
partition separated the
driver from his two pas
sengers in the back seat
visiting Vice Presid e n t
Rashidi Havana of Tang
anyika and Egyptian Min
lister Mohamed Ell Bahei.
. 1t wasn't until the driver
stopped the car at nearby
Mehalla yesterday that he
the two digni-
taries were unconscious.
The air conditioning in
the back of the car failed
and the dignitaries were
almost asphyxiated. They
spent the night in a hospi-
tai.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

securities markets, but should
strengthen 1t as suggestions for
raising standards are put into
practice"
Raise Investor Confidence
THE functions of this report
and of any changes proposed
are to strengthen the mechan-
iSms facilitating the free flow
of capital into the markets and
to raise the standards of inves-
tor protection" Chairman Cary
continued, thus preserving
and enchancing the level of
investor confidence"
The tremendous growth in
the securities markets over the
past Is years, including in
creased public participation,
the spectacular development of
the over-the-counter market,
and the number Of companies
going public" for the first
time, imposed strains on the
regulatory system and revealed
structural weaknesses.
Some Of these problems,
Chairman Cary notes. resulted
from inadequacies in estab-
lished enforcement machinery,
both Government and industry.
Others reflect patterns of con-
duct now tolerated, but which,
upon exposure and anlysis,
appear incompatible with the
public interest. The volun-
tary adoption of higher stand
ards by many responsible
members of the financial COM
munity support this view; and
it is these voluntary standards
which regulation should reflect
and maker generally apple
able.
In this connection, Chairman
Cary observed that. while the
report focuses upon shortcom-
ings in The industry and in the
self-regulatory authorities, in
certain respects it is an express
or implied criticism Of the
commission as an institution.
The commission has not fully
exercised It's powers, nor COPIED
effectively with all Of the prob
lens confronting it, he indi-
Gated.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

The report begins where reg
ulation must begin-the point
of entry into the business. It
is self-evident that the stand
ards of conduct Of the securities
industry are vitality dependent
on the integrity and COM
potency Of its personnel.
Obviously no system can be
devised which eliminates all
potential wrongdoers. But the
report of the special study con-
cludes that the minimal con-
trolls furnished by existing reg
ulation are inadequate. No
table ease Of entry is apparent
under both Federal law and
the rules of the National Asso-
citation of Securities Dealers,
Inc, the self-regulatory agency
for the over-the-counter mar
ket.
With the exception of the
major exchanges, significant
standards of character, COM
petence. and minimum capital
have not been generally i'm
posed. Nor has attention been
sufficiently directed to the
unique problems of supervisors,
such as branch managers, and
research analysts. Furthermore,
certain sectors of the industry,
including most Importantly GER
tain distributors of mutual fund
and real estate securities and
also investment advisers, are
not subject to the discipline Of
self-regulation.
In addition, the present leg
islative scheme, in revolving
around the firm as the regu-
lated unit, provides an arti-
fetal and unsatisfactory means
of focusing on the individual in
the many instances where he is
the appropriate object of dis
ciplinary action. Finally, use
full and needed intermediate
sanctions, short of revoking
the registration of a broker
dealer, are not available to the
commission.
We shall, therefore, recon-
mend to the Congress legisla-
tive proposals in the following
direction:
/. Authorizing standards of
character, competence and fl
,nancial responsibility as con-
ditions for entry into the busi--
ness, to be established and
administered by the national
securities associations, notably
the NASD, which will compile
ment similar regulation by the
exchanges of their members;
2. Requiring all firms and
individuals to be subject to the
authority Of one of the self
regulatory agencies;
8. Granting the Commission
direct disciplinary controls
over individuals and perfecting
yNASD controls in this area;
and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03
Excerpts From Securities Probe Report

Here are excerpts from the
report OF the Securities and
Exchange Commission on its
investigation of the securities
market. The tolloi0ino sec
ton from SEC Chairman
William L. CGrey'S letter
transmitting the report to
Congress, summarizes the
recommendations OF the in
ueSttgating committee:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

the commissions proxy rules
or, except in certain cases, to
furnish annual and periodic fl
nancial reports.
Another void in investor pro-
lection in the over-the-counter
market relates to insider trad
ing. An insider of a listed COM
pany must report his transac-
tons in the. company'S stock;
his short-swing trading profits
in the stock are recoverable by
the company; and he is pro-
hibited from selling the stock
short. The policies expressed in
these sections should also be
applicable in the overtime
counter market.
The so-called sponsorship
problem, where an underwater
makes an after-market in q
stock he has underwritten and
at the same time is represented
on the board Of directors of the
issuing company, has beer
carefully analysed by the
study. It's findings indicate
that the application of the in
slider trading provisions will
not disrupt trading markets in
over-the-counter securities, eX-
cept perhaps In very limited
instances which could be han
died through exemptions on
a case-by-caSe basis.
Accordingly, the commission
will recommend extension OF
those sections OF the Securities
Exchange Act of 1884 which
provide for the filing of an
nual and periodic reports, COM
pliance with the proxy rules
and projections against inSider
trading to certain companies
whose securities are traded In
the over-the-counter market
A phased program of coverage
would gradually include al
those companies with 800 OF
more stockholders. In the case
of bank stocks, which appear
to account for about 20 per
cent Of the issues of the over
, the-counter market, If Con-
gress so desires, disclosure re-
quirements could be admins
tered by the appropriate Fed
eral bank regulatory authori-
ties in order TO integrate these
controls with the existing pat
terms of bank regulation.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

4. Providing the Commission
with intermediate sanctions
over firms and individuals.
B.
A basic factor underlying
the enactment Of the Federal
securities acts was recognition
OF the intricate nature and
high liquidity of securities and
OF the corresponding duties
necessarily assumed by those
who deal in them. The height
ened public participation in
the securities markets severely
tested the adequacy of con-
trolls, external and self-im-
posed, particularly in the area
OF selling practices and invest
ment advice.
The examples of sales tech
niques cited by the Study show
a striking spectrum: from the
illegal operations Of boiler
rooms to the disciplined pat
terms Of the responsible, re-
flecting elaborate supervisory
procedures and voluntary codes
OF conduct. Even in the latter,
which represent high stand
ards Of achievement, serious
lapSes have occurred. Yet it is
their best formulate which, If
universally followed, would re-
suit in increased investor pro-
lection.
Certain excuses also appear
to have developed in the in
veStment advisory materials of
both broker-dealers and in
vestment advisers, as evidenced
by fanciful recommendations
based on little more than mere
rumor. Here again uniform APP
plication Of the best industry
practices would seem to be in
order. In this area, legislation
is not presently recommended.
Powers exist in the self-regula-
tory institutions and the Com
mission to advance selling and
investment advisory practices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

Much of the material SUBJ
mitted evidences the funda-
mental Importance of adequate
disclosure by isSuers as a most
vital means Of investor protec-
ton. The report points out the
broad range of problems and
abuses in the securities mar
kets, including improper selling
practices, misleading public
relations, irresponsible invest
ment advice, and cratic after
markets" for new issues, which
can be greatly mitigated by the
more complete availability and
dissemination of financial in
formation.
The report further demon
strates, as have prior studies,
that the long standing contrast
in the disclosure oriented pro-
tections afforded investors
owning securities listed on ma
tional exchanges and investors
owning securities traded in the
over the-counter market is not
warranted. Issuers of overtime
counter securities, unlike their
listed counterparts, are under
no obligation to comply with
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

An analysis of the overtime
counter market will be SUBJ
mitted in our complete report.
At this time. however, we wish
to inform the Congress that
we shall propose a legislative
recommendation. essentially
directed to the wholesale quota
tons systems of that market.
At present the National
Quotations Bureau dominates
the business Of over-the-coun-
ter wholesale quotations.
The bureau, a private cor
poration. is not regulated by
any agency, Federal, State or
self-regulatory. Despite the eff
forts of the Bureau, which has
operated with a conscientious
regard for the responsibility
which its function and DOM
inant position entail, this
crucial segment of the over
the-counter market has had in
adequate controls; numerous
abuses involving quotations
have been perpetrated by
broker-dealers. Moreover, de-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

The mechanism, practices
and rules for distributions in
the securities markets are ex-
amined in the report with par
ticular emphasis on the So
called hot issue" phenomenon
that accompanied the active
and rising markets of the late
1950s and the early 1960s and
involved primarily companies
going to the public for the first
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

velopments in electronic data
processing have foreshadowed
the emergence Of new and per-
haps revolutionary quotation
systems. In view of the vital
significance which these sys-
TENS can have to the func-
tioning of the over-the-counter
market, they should not be al
lowed to emerge without due
regard to the welfare of the
market and to the public in
tereSt.
Accordingly. the commission
will recommend to the Congress
that operators of quotations
systems, like the National Quo
tations Bureau, be required to
register with the Commission
and adopt and enforce rules of
fair practice in the use of
their systems. just as is pres
emily the case with the self
regulatory agencies.
We have described a sub
stantial part Of the legislative
measures which we shall RECON-
mend to the Congress this year
A few others will subsequently
be proposed; a very important
one of these might concern
certain aspects of security
credit regulation-which would
be submitted only after full
coordination with the Federal
Reserve Board. Not all of the
study's legislative recommended
tons in the chapters trans
mitted have been adopted by
the Commission; these are the
subject Of our continuing study
and may be proposed to the
Congress at a subsequent date.
To secure the benefit Of in
dustry views on our legislative
proposals, we shall Immediately
request leaders Of the financial
community to form liaison
committees.
SECS Own Summary
The tollot0ing excerpts are
from the SECS olDn summary
OF the report together NTH
com m ents By Chairman
Carey:
In his transmittal letter,
Chairman Cary observed that,
while the report makes very
clear that important problems
do exist, grave abuses do &C.
cur, and additional controls
and improvements are much
needed, the picture presented is
not one of pervasive fraudulent
activity. In this respect it con-
traSts markedly with the find
ings in the early sos preceding
the enactment of the Federal
securities laws.
The report demonstrates,
Chairman Cary indicated,
that although many specific
recommendations on rules and
practices are made, neither the
fundamental structure Of the
securities markets nor Of the
regulatory pattern of the Sc
curities Acts requires dramatic
reconstruction" and the study
confirms the strength of those
laws and the heightened sense
Of obligation Of the financial
community.
Moreover. Chairman Cary
stated: The report should not
impair public confidence in the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-04-03

the case of new issues, the 40
day period be extended to 80
days or such shorter period as
the commission may prescribe
by rule or order.
Holmes County herald., 1963-11-07
Duront Club
holds meeting

The Missionary Roundtable
of the First Baptist Church OF
Durant had an interesting ard
inspiring meeting on Novem'
Der 1st, in the home of Mrs
J. E. Sweeney, with ten mem
bers present for the meeting
Mrs. Durrell Makamsor
gave a devotional theme GU
Are My Friend" taken from
John 1914.
Mrs. w. R. Henry, presi.
dent, presided over the meet
ing.
Roll call was answered witt
something Special We Have
to be Thankful For"
Mrs. Mayfield Howard gave
a book report on "Bill Wal
lace of China" by Jesse
Fletcher. Wallace was reared
in Knoxville, Tennessee. He
felt a call to Medical Mission
airy work in his senior year
of high school. Ten years later
he was sent to Winchow, Chi
ma as surgeon in a hospital
He worked niligently with
patients administering &c
their bodies and souls.
After dues were paid anG
books were signed, the hos
tess, assisted by Mrs. j. M
Howard, served delicious frhit
cake and coffee.
Holmes County herald., 1963-11-07
Daniels : Bruce
wedding VOWS
Nov. st

A wedding ceremony unit.
ing Mrs. Clara Peacock Bru.
Ice and Mr.. Earl K. Daniels
was solemnized Friday, Nov
|ember 1, at 800 in the evening
at the Methodist Parsonage
in Lexington. The Rev. Craw-
ford l.. Ray, pastor of the
First Methodist Church, Of
flciated at the double ring
ceremony.
Mrs. Daniels is the daugh-
ter of Mr.. and Mrs. William
Boswell Peacock of Acona,
and is a valued employee OF
the Extension Service of Hol.
mes County.
Mr.. Daniels parents are
Mrs. l.. C. Convey and the
late Mr.. Convey of Memphis.
He is in Public Relations with
|Servisoft of Alabama at Shelf
field.
After a short wedding trip
Ito New Orleans, the couple
are presently living at AGO.
Ina.
Holmes County herald., 1963-11-07
MISSISSIPPI

At MSCW, Miss Derrick is
a member of Who's Who In
American Colleges and Uni.
versities, Sigma Tau Delta,
honorary English society; Eta
Sigma Phi, honorary classics
fraternity; Phi Alpha Theta,
honorary history society;
Mortar Board; and the His
tory Club. She is also serving
as a senior senator.
Miss Derrick, a English and
history major, is the daugn.
ter of DR.. and Mrs. A. A. Der
rick, Jr., of Durant.
Holmes County herald., 1963-11-07
First Section

mediately reached into his
|pocket and brought forth a
diamond ring which he put on
Miss Brumby's left hand
thus announcing their engage
ment. After a round of con-
CALCULATIONS ana pest wishes
to the happy couple, they left
to have dinner in Jackson.
The social continued until
the guests had played eight
hands of cards. Miss Eliza
beth Moody was a guest, and
Mrs. H. T. Tyler was welcom-
ed back into the club after
having a leave of absence
fer several years.
Mrs. Bobo served delicious
cream cheese dip with pota-
Holmes County herald., 1963-11-07
S. L. Bobo
is hostess to
Roding Club

Members of the Goodman
Woman's Reading Club en-
|joyed a Six Hundred party at
the home of Mrs. S. l.. Bobo
on Tuesday afternoon, Octo-
Der %. Three tables were
present, and players changed
tables twice.
AT the beginning of the
second round of playing, a
rather unique thing happened.
Club secretary, Miss Marga-
ret Brumby, walked into the
living room accompanied by
Mr.. w. A. Thomas. Our hos
tess said they had something
to tell us. Mr.. Thomas i'm
Holmes County herald., 1963-11-07
Miss Derrick
selected for
honorary society

Miss Mary Katherine Der
rick of Durant has been select
ted for membership in Phi
Kappa Phi, national honor
airy society, at Mississippi
State College for Women.
Members of Phi Kappa Phi
are selected from the top 10
per cent of the senior class.
Holmes County herald., 1963-11-07
Moyme Hooker
Weekend in

Mr.. and Mrs. w. H. Scott
and Mrs. A. E. Rutledge spent
the weekend in Memphis as
guests Of Mrs. SCOTS sisters.
Mrs. R. B. Crook and Mrs
Muriel Laws. They were join
ed in Memphis by Mrs. M
E. Marshall of Ell Paso, Tex
as, who is also a sister o.
Mrs. Scott.