European Stars and Stripes (Newspaper) - July 14, 1959, Darmstadt, Hesse                                , juy 1 4 Butler sees Power bid by Congress foes o 2.washington Cap for Atic National c it air own Paul by Tler says the noise and the fury swirling about him Sterns Ini Parge part from a move to oust and gain. Congressional Dom j inaction. Of the 1960 democratic convention. I democrats on Capitol Hill seek ing to do this Butler said want t to replace him with a member of i Congress. He added there were re v j ports that a Western senator had already been agreed upon As his successor. But Butler in a to interview declined to name the senator. Renews charges Butler said he believes quite strongly that the democratic a  committee is not about to select a member of the Senate or Chouse As  and he said i Don t believe anybody who would desire to see me ousted is going to accomplish  once again contended that ithe democratic leaders in Congress fare moving too slowly toward what 1 he Calls a positive and aggressive legislative program. Again he in slated this was not meant As a critic i cism of Senate democratic Leader % Lyndon b. Johnson of Texas and House speaker Sam Rayburn d on a to show a week before he said that unless the leadership moved More in the direction he suggested the democrats would be in trouble in 1960. This brought the noise and fury on Butler s head. Some democrats in Congress rebuked him and there were some demands that he  of those who most severely criticized Butler was sen. Mike Mansfield of Montana assistant democratic Leader of the Senate. Asked to comment on Butler s re Marks Mansfield told a reporter he knew of no move to replace Butler with a Western senator. Dynamite wrecks mine equipment Hazard by. Up six men held two mine guards at gunpoint and used two cases of dynamite to destroy a Coal digging Auger and damage a steam shovel at. The non Union Chavies mining co. ,., Kentucky state police later arrested them. The dynamite no was the first major daytime violence in som weeks in the United mine workers Union Coal strike which has entered its 18th week. Damage to the Auger was Esti mated at $80,000 and to the shovel at $20.000. Patched pugilist new York a common stocks Are Odds out favourites wit the pros who handle the personal Trust accounts in american Bank and Trust companies. Irwi ii Izzy Moidel the Pitts Burgh Boxer Deputy sheriff and colourful wrestling referee whose misadventures in the ring keep viewers in stitches came off Sec Ond Best in a fight with a Man and woman he was trying to arrest in Pittsburgh. Izzy is one of the few men to beat Rocky Marciano. The feat happened in England while both men were in the army. Izzy won by a decision. Up photo teamsters Union asks delay in cleanup Powers Washington up the teamsters Union has asked the . Court of appeals to hold up its order granting sweeping clean up Powers to the watchdog Board of monitors named by the District court. The Union filed a motion for re consideration of the 6 appellate court ruling or a stay until the teamsters can Appeal it to the supreme  attorney Edward Bennett Williams said the decision would Lead to a Mammoth investigation into some 900 teamster locals. The court has ruled in effect that teamsters president James r. Hoffa had to obey the monitors Reform recommendations which were approved by the District court. New Jet service starts Dallas Tex. Up american airlines inaugurated Jet Servic Between new York City and Dallas with a Boeing 707 nonstop flight in the commercial record time of 3hours 10 minutes. 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Film 2200 news baseball 2215 Curt Massey 2230 this is your life 2300 what Lar 1555 news 1600 Faith Lor today 1630 matinee theater Span Dahlem of to 1030 Sherwood affair 1000 to Tell the truth 2030 Bob Cummings 1730 hop along Cess lady 2100 High Road to 1800 masquerade party danger 1830 Industry on Parade 2130 demo 1845 news. 2200 playhouse 1900 people Are funny 2300 news common shares absorb 62% of Trust funds Banks invest in Stock Market the Trust division of the Amer ican Bankers a sort. Estimates these  $49%. Billion. The Banks have invested $30% billion of this or 62 per cent i common stocks. Israel Cabinet ponders Suez ship halting Jerus Alem Israel sectorup1 reliable sources say the israeli Cabinet has agreed it Ismore important to push exports of heavy chemicals to the far East than to enforce the rights of free passage of the Suez Carial " the Cabinet was meeting in connection with the latest develop ments in the Case of the danish freighter Inge Toft which has been held up by the United Arab Republic at port said for More than a month. The freighter is carrying israeli goods to the far East. These in clude a shipment of Cement which the car has classified As War material shutting passage to the ship. The Cabinet s communique is sued after its meeting did no specify any direct action which Israel might take in the situation. The Cabinet has met frequently since the ship was stopped. Timing wrong foreign affairs circles believe this is not the time to take the Case to the Security Council of Theun because to rid attention is focused on Geneva. Reports said israeli leaders fear any direct action regarding the freighter May provoke hostilities Between the car and Israel which Israel does not want. Israel will increase exports of Cement and Potash to the far East through the port of Elath in the meantime said the communique. Political circles said Premier David Ben Gurion now vacation ing in Tel Aviv has adopted the plan of in Secretary general Dat Hammarskjold for quiet Diplo  israelis Are still hoping something tangible May develop from Hammarskjold s talks i Cairo. Coming events Wiesbaden Germany Spe Cial the traditional Harbor festival will be celebrated at Schier Stein Rhine River suburb of wies Baden july 18-20 the event at the Century old Harbor features night water illuminations concerts water sports activities and a giant fireworks display monday night. An exhibition of paintings is on display daily at Biebrich Castle. Another exhibit "250 years of porcelain will be shown at wies Baden s Brunnen colonnade until aug. 2. Dynamite in Auto explodes kills 2placerville Calif. A a car apparently carrying dynamite to a weekend mine exploded kill eng two persons hurling parts of the car 200 feet and blasting a four fool Hole in a  patrolman William Emanuel said Alfred Rex Fields,53, a Placerville rancher apparently was headed for a mine he worked Par time in the Sierra when the explosion occurred. Fields and his Mother mrs. Hilde Gard Fields 81, were killed. Frank appraisal Irene wus Serfort 19, of Frank Furt Germany miss hot dog Queen of 1959," gets the proper perspective on a tasty Wiener during a visit to Dallas Tex. She is touring 30 american cities to promote the native German sausage. Up photo Castro criticizes . Asylum Given sex air Force chief Havana up the . De serves to be hauled before the organization of. American states Oas on charges of interfering with the internal affairs of Cuba. Premier Fidel Castro said. Castro  criticism on . Decision to give political Asylum to former cuban air Force commander Pedro Luis Diaz Lanz and Diaz appearance in secret be fore the . Senate internal Security subcommittee. Senate sources said Diaz an swered subcommittee questions Ina secret session after he was delivered to the subcommittee bythe immigration and naturalization service. Honduras puts Dow attempted revolt Tegucigalpa Honduras a the government of president Ramon Villeda Morales announced it had put Down a revolt by National police after 15 hours of fighting. The government said the revolt was headed by col Armando Velas Quez Cerrato former chief of the army general staff who led a pre Vious unsuccessful revolt in May. Followers of former dictator Tiburcio Carias Andino supported the rebels the government said. But who s responsible for the in vestments makes quite a difference.of-the$30% billion in common Stock $18% billion is in fund where the Bank has no investment responsibility or shares it with others. Where the Bank has Soter responsibility the Dommon Stock holding comes to $12 billion or. 39.per cent of the total. Since the Survey of the funds at the end of 1958 was the first to limeade Aba has no comparison figures. It cannot say if the amounts in common stocks have been rising or. Falling or if the total in Trust. Accounts has Bee growing. The Survey is based on a Sam pling from 121 selected Trust institutions with a total of 185,000 accounts. Aba says the estimates should be accurate within a rang of five per cent or $2 billion either Way. Investing habits the report Sheds Light on some of the investing habits of Ameri cans. According to Aba figures the nearly $50 billion in Trust funds compare with about $277 billion in the Market value of All common stocks listed on the new York Stock Exchange with $86 billion Iri reserves of life insurance companies Hess Premium notes an policy Loans. Deposits noted the report lists $60 billion in. Time deposits in commercial Banks,$48 billion in savings and loan associations less shares pledged against mortgage Loans or invest ment by the . Government. $34 billion in time deposits in Mutual savings Banks and $13 billion i Mutual funds held by open end companies. Americans have Many other Bil Lions involved in various kinds of government Bonds in corporate Bonds in pension funds and in real estates. Other investment sin handling the personal Trust accounts. Aba says the Banks in addition to common stocks have invested nearly $8 billion in state and municipal securities $2m Bil lion in . Government securities almost As much in corporate Bon Sand debentures $2vj billion in preferred stocks $671 million in Mort gages and $2m billion in participation in common Trust funds. These Are funds authorized bylaw to be established by a Trust department to Combine Money be longing to various Trust accounts in its care. Barrage unleashed on Matsu islands Taipei up communist chinese artillery has shelled the nationalist held Matsu islands with the third heaviest bombard ment of the year the nationalist defense ministry said. Shoro guns hurled 138 shells atthe islands in a 20-minut. Barrage. Argentina s political crisis re stirred by Navy officers Buenos Aires a the Argentine political crisis which had seemed Over after rebellious army men were routed in a War of words has erupted again in the Navy six Navy captains All with important posts were under detention after formally demanding that Secretary of the Navy rear adm Adolfo Estevez resign. Estevez met hurriedly with other Navy chiefs in an attempt to sur mount his difficulties. Word came from Navy bases throughout Argentina tha Many of the chiefs there were in sup Portal the demand for Estevez Resigna Tion. After the chiefs demanded that Estevez resign he first ordered them held at the. School of naval mechanics. Later he allowed them to go to their Homes Argentina s crisis seemed to have subsided last Yee when army leaders of the rebellious forces de manding president Arturo fron Dizi s resignation surrendered to. Military authorities or turned Upin Montevideo. However developments in the Navy indicate the situation still i serious. In the Early Days of the crisis Strong military pressure was Luton for the resignations of the three military secretaries. Estevez. The War Secretary and the air Secre tary. Only the air Secretary s Resig nation was accepted