Public Disclosure Authorized Vol. 11 No.3 March 1957 Public Disclosure Authorized Public Disclosure Authorized

Memorial to Columbus greets the Washington visitor.

IN THIS ISSUE Page

Washington Memorials .. . Our Credit Union ...... Public Disclosure Authorized

Front Cover Picture: (L to R): 101e Bort01uaai, Maria Pariai, Nadia Burkhardt and aaaperina Vivoda.

WASillNGTON MEMORIALS MARK AN INTERNATIONAL CITY

When the Washington VISitor, or perhaps new staff member, works his way out of Union Station, prob­ ably the first sight that impresses him is the dome of the Capitol. However, if he glances back over his shoulder as he leaves the station, he sees a monument to the man who was largely responsible for starting all this - Christopher Columbus. At the last count 12 of countrymen (and this includes women) - see cover- were working on our staff. The Columbus Memorial Fountain Guy Trancart at Lafayette' a atatue. deserves a longer look than can usually be spared before train time. Old and the New World. Columbus The giant flagstaffs are supposed is presented standing in the bow of to remind you of those in front of a ship looking as though he might St. Mark's in Venice if you are just have said, "Sail on - and on." lucky enough to have seen them. Only a few minutes away is the The giant globe and eagles at the White House and that, of course, top are supported by a shaft of commands the first look as the marble. The figures represent the newcomer approaches. Across the street, however, is Lafayette Square Two Frenchmen: Serge Chevrier and where there are several reminders Comte de Rochambeau. of the long-standing friendship between Americans and French. In the southwest corner is the memorial "To General Lafayette and his Compatriots, 1777-1783." His compatriots on the east side of the monument are Comtes \ I d 'Estaing and de Grasse who offered naval support, and the west side depicts the military ~ supporters Chevalier Duportail and Comte de Rochambeau. The French­ man shown in Bank Notes with Lafayette is none other than Guy

I""lt::. 1 Trancan one of our 22 French staff members. So notewonhy was Rochambeau's assistance in the American Revo­ lution that a separate monument was erected in his honor. You must stand on the southwest corner of Lafayette Square where Jackson Place meets Pennsylvania Avenue to see the memorial properly. If you happen to be a Frenchman from Verdome, you are supposed to remark, • Ah yes, a copy of the memorial at home!" Ferdinand Hamar made the copy.

Most of the statues in Lafayette George Young po.ed wri th coloni.t.· Square represent the Americans' friend. Edmund BUrke. gratitude to those who helped them that the similarity was not striking win their independence long ago, between him, a Rhinelander, and but this article will be limited to Washington's steadfast aide, a nationalities that are member P russian. The von Steuben statue countries of IBRD and IFC. may be seen in the northwest comer When Erich Bachem posed with of the Square. Its inscription re­ General Von Steuben, he remarked minds beholders of his generous contribution to the American cause~ Not all the memorials in Washing­ ton are dedicated to friends from other countries who fought for American freedom, but since the subject imposes itself on the sight­ seer, there is one other monument that must be mentioned. You must take a short stroll to Massachusetts Avenue and Twelfth Street to see Edmund Burke, a British subject who had a sympathetic attitude toward the American colonies. His famous speeches on American taxation made in 1774 remind us that this unpleasant subject has BanDIJII Bachem IJIId Aide von Steuben. made the headlines for a long time,

4 although admittedly the slant has changed. If you are English and from Bristol, when you see the Burke statue in the little triangular park at Twelfth and Massachusetts, you should remember that it is a copy of the one by Harvard Thomas in your own home town. If your stroll continues along Massachusetts Avenue to Sixteenth Street you will find, just east of Scott Circle and facing it, a me­ morial to the founder of the Home­ opathic school of medicine, Samuel Hahnemann, German physician.

Several hospitals have been named Giuseppe Morra wi th I tal ians' pride. for Hahnemann and there is one in Washington at 135 New York Ave., which, according to one of our N. W. The inscriptions on the friends who subscribes to free monument are in German and Latin translations, means "the hair of and the sightseer may have some the dog....," but there are many mental exercise, but we had to ask classical scholars on our staff. Dr. Drechsler! One Latin motto Now that you have gone this far, reads cCSimilia similibus curentur," you may as well continue up Six­ teenth Street to Meridian Hill Park Alternate Executive Director Karl­ and see the memorial there to the Heinz Drechsler at Samuel Hahnemann's memorial. illustrious Italian poet, Dante, "presented to the city of Washington in behalf of the Italians in the United States" by Comm. Carlo Barsotti. This statue also is a copy; the original by Ettore Ximenes, is in New York City. Dante is shown wearing a long draped cloak and holding in his hands a large book, symbol of his gift to literature. His head is crowned with laurel. The facial expression is so serious that one is reminded of the true meaning of "Comedie" -- the repre­ sentation of life as it is. (See Fowler on English Usuage). The

5 happy countenance of model Giuseppe Morra (see picture) quickly brings us back to sunnier realms out of the "darksome wood." Another memorial in Meridian Hill Park is the beautiful bronze eques­ trian statue of Joan of Are, gift of a society of French women in New York City. Joan's recent publicity in Washington has been so favorable and abundant that further comment seems unnecessary. The statue, full of action, made us think of fellow countrywoman Lise Cathala who wields the pen rather than the sword, and is well-known among Vittorio Bali. "ith fello" country· our staff for her numerou,s interests man Marconi. and activities. Marconi, whose statue may be seen Before turning back from Meridian at the comer of Sixteenth and Hill Park, you must proceed north Lamont Streets. Indeed, at present, for a few blocks to see another it is hard to miss because of the honored Italian friend. All radio recent re-gilding done to the lovely and hi-fi devotees are greatly in­ female figure atop the marble shaft debted to the genius of Guglielmo that supports Mr. Marconi's ex­ Li/Je Cathala "ith Maid of Orleans. pressive face. It is hard to realize that only in 1899 were the first wireless signals sent across the English channel and only in 1901 were the first transatlantic signals received in St. John's, Newfound­ land, sent from Marconi's station in Cornwall. So far have we come since this great invention that today some of Mr. Marconi's own country­ men fly about in modern vehicles known as gliders without engines, and often even without radios, just for the thrill! It will soon be time to get back to 1818 H, but only a short distance from the Bank are other memorials that should be noted especially since no word has been said about Latin American honored friends. The new staff member will be re­ minded of our newest member country when he sees the heroic statue of San Martin astride a plunging horse. You must go to the District Court Building to. see this memorial to an outstanding leader of the South American Revo­ lution. The stone base on which the statue rests was brought from Argentina. The statue itself, a "pledge of amity" from the Argen­ tine Republic, was cast in Argen­ Uru~uayan leader Jose Arti~as and tine copper in Buenos Aires. Bank visitor Pedro Rivero. Dr. Victor Pane, although not an Uruguay. His statue, on Consti­ Argentinian himself but Paraguayan., tution Avenue between Seventeenth represents that country on our and Eighteenth, is seen daily by board of Executive Directors and thousands. It is the second memorial said he was ·proud to pose" near to Artigas in the United States. The the famous man. first was unveiled in 1949 in Monte­ Another leader for independence video, Minnesota. Artigas, hat in was Jose Artigas, national hero of hand, looks every inch the true Executive Director Victor Pane wi th gaucho that he was. Our repre­ Ar~entine liberator San Martin. (Please note international bird atop sentative, Mr. Pedro Rivero, a the ~eneral's hat.) Uruguayan, and visitor at the Bank for several months recently, did not wear a hat the day the pictures were taken, so he did not emulate the pose. When it was suggested to Mr. Rivero that he might pose beside one of Washington's memo­ rials, he asked "Which one?" When he heard the reply CCArtigas," he quickly responded with • Ah, very good." Within comfortable walking dis­ tance of the Artigas monument, near Ohio Drive and Independence Ave., Swedi.h- born: Bertil "al. tedt ..1 th .arine architect Jolm. Bric.lIOII. )

Three allegorical figures share the memorial with Mr. Ericsson. The three, ·Vision,- • Adventure- and "Workmanship· are grouped about the trunk of the Norse mythological Tree of Life. There are other memorials to is the memorial to John Ericsson, non-Americans in Washington, but, Swedish bom marine architect and alas, there is not room to mention J inventor. He is especially well­ them all. The Canadians will ex­ known in the United States for cuse us for omitting the beautiful having designed the first ironclad Canadian Gate in Arlington Ceme­ warship, the Monitor, which had a tery, but we couldn't go that far prominent role in the Civil War. a way from the office to get a pic­ He is also remembered for his work ture. A native Ruritanian myself, in developing the screw propeller. I lost hean when there was no The memorial presents a thoughtful trace of a single monument to our Ericsson, backed by a shaft of pink inventiveness and courage, and, Milford granite - said to be the besides, Bank Notes has to go to largest single block outside Egypt. press sometime!

WELCOME TO NEW STAFF - FEBRUARY 1957 (L to R): Kay Bigbee. International Finance Corporation. from J Oldahoma City. fo~erly a student at CentralState Collele. Ec:bnond. Oldahoma; Frances M. Granville-Smith, DepartznentofOperations ­ Europe. Africa and Australasia, from Drussels, formerly with United Nations. TAA. New York; and Heulwen.Davies, Departtnent of Operations - WesternHendsphere, from Coveatry, formerlywith Australian Embassy.

8 YOUR CREDIT UNION In six months, that is, in October, the Bank-Fund Credit Union will be ten years old. On that birthday we plan to publish in Bank Notes the story of our growth - and success. It will be a true story of the phenomenal rise of a modest chap of humble origin, whose energy and astuteness have enabled him to become a noteworthy financier. Last year he was able to lend more than a quarter of a million dollars. , The present Directors of the Credit Union, five members in all, have elected Frederick C. Dirks (Fund) as president. Murray Bryce will continue to serve as treasurer, and Kathleen O'Connor (Fund) as secretary. Carl Fink (Fund) and Hugh Scott complete the board. This group has the responsibility of seeing that policy is carried out. They are presently reviewing loan policies in the hope of making them more useful to the membership. Incidentally, this membership has grown to 875. Staff members of the Bank, Fund and IFC and members of their immediate families are eligible. Of course, one must be a member in order to get a loan, but more and more members of our staff are realizing that the Credit Union is a good place to save (current rate on deposits, 4%).

t I

£IBaI1'll'B B'lOJ) - (L to R): y.c. Chen (A••Ida' J're..urer). lCethleen O'CcIanor (Secretery). Cerl PJ.nJc ( ....her o/lloerd). 'rederJ.cl DJ.rb (Pre.Iilent). emI.rrq Bryce (J're..urer). (IndIvIdael In..rt): Bu,II Scott (VIce PreaJdent).

9 CREDIT roMfITTEE - (L to R): Badri Rao and Linda Shanahan. (Individual insert): Robert Praetorius.

When personal financing is necessary, one should think first of the Credit Union. The rates are low and usually lower than those avail­ able elsewhere. The service is convenient and fast. (In emergencies loans can be made in a few minutes.) Arrangements for loans must be made through some member of the Credit Committee. The present committee of three is composed of two Fund staff members, Linda Shanahan and Robert Praetorius, and one Bank staff member, Badri Rao, who is Chairman of the Committee, Any financial problem can be discussed with these committeemen with the assurance that it will be kept in the strictest confidence. Credit Union business is watched over by a SupervIsory Committee of three: Thomas Berda (Fund) and Louis Perez and Lionel Jago (Bank). Since we don't have to pay for advertising in Bank Notes, and since the Credit Union is fortunate enough to have a considerable amount of money available for its basic purpose - meeting the financial problems of its members - let us make the following suggestions: This is a good time to borrow from the Credit Union. Outside, money conditions are tighter than in many years, but the Credit Union has idle funds at this time. These funds are on deposit in government­ insured Savings and Loan Associations, but we would rather use them to assist our members. Credit Union interest charges are based only on the unpaid balance of the loan from the date of the last payment. This practice is much more favorable to the borrower than the method commonly used by commercial banks and finance companies of either deducting the interest for the entire life of the loan from the cash ini­ tially made available, or adding it to the total amount of the loan. To arrange a loan for any worthwhile purpose or to discuss any financial problem, call any member of the Credit Committee.

SUPERVI SORY aMlITl'EE (L to R): Louis Perez, Thomas Berda and Lionel Jago. TEN YEAR STAFF - MARCH 1957 (Seated L - R): AlIna Moore, Lillian Oldham, Barbara McLane, Muriel Eddy; (Standing L - R): Cyril Davies, Robert L. Garner, Marcel Verheyen and Charles C. Hamilton. Individual inserts: (L - R): Dolores Harrison and Ellen Miller.

NEW STAFF TEA March 12. 1957. Executive Dining Room (1) (L - R): Pamela Kyser. Rose Reque. Nora Read. (2) Etta Einarson won the floral decorations. (3) Mr. Sommers greeted new staff members. Shown here - Diana Hesling (back to camera). Maria Fields andGillianGarnett. (4) (L - R): Eunice Dorey (poured coffee). Frances Granville-Smith. Claudia Duval. Maria Fields and Gillian Garnett. (5) (L - R): Valda Hudson. Barbara Bridges. Barbara Scott. Janice Cronly. Eunice Gibson (back to camera). Marie Bray and Elsie Pyne (poured tea). ANOTHER TYPE OF BOATING AND PHOTOGRAPHY by Grace McDougal Before I got married I lived under the impression that sailing was the only exciting boatsport. Not so, though! Ere I knew it, I, was waist-deep in power­ boat racing. Not the pleasure boat, or cruiser type - nothing tame like that. The type of boatman I am now involved with - for better or for worse - owns a 48 cubk inch hydroplane - one of the smaller inboard racing craft. It is powered by a Crosley motor, but any resemblance between it and the final souped-up product is purely a figment of the imagination. h does about 64 mph in a race. Drivers of raceboats are the craaaaziest! They will go anywhere in these United States, Canada, or even Nassau 'Iately, just to be in the water for 5 minutes of racing - if the engine lives that long. Because for "go-juice" they burn methanol - that's regu'lation. What isn't, is the stuff they add to it - like nitro, TNT, and other such stuff. A raceboat driver is a born moon­ shiner. Of course, an engine may go so fast on these mixtures that it wilt blow sky-high. As one driver described his experience: -First - I hear something funny rattBng inside the engine - but since she's still turning, t go on •.•• But then..•• aU sorts of little pieces start coming out of the exhaust, so I figure SOMETHI~G has gone wrong ...." From a photographic point of view, things have drastically changed too for me. I used to take pictures, waiting calmly for the right moment - when the sun wou'ld be behind a sail, and I wou 1ld turn out a dream of a picture of snowwhite sails, silky clouds, complete with sun specks dancing on the water. Nowadays, on the river or rake shores, or inland harbors, I stand often

12 thigh-high in water, taking pictures like mad. -·Don't hold camera in hand with a large telephoto lens· - it says there in the book. ·Don't pan con­ stantly,· says the professional. -HAl Those books were written on dry ,land, by men who take salon pictures, cheesecake shots, landscapes, or kids wi,th cats. Let them go down to the water and take pictures of racing boats going by at speeds up to 115 mph - spray splashing your lens (·Use only lens cleaning tissue,· the book says - they shou'ld see the greasy rag which is the only thing available). Use a tripod? - No time - there goes another boat ­ oops, he almost flipped - Will he ever touch water again?!.. ••Oh-oh, boat on fire - Steady - Don't get excited - Crank camera - Boat towed away - Driver picked up - CUTI - Next race. Panning is done constantly -(how else, for heaven's sake can you follow a boat?) often from a bouncing pier, or patrol boat - anything to get closer to action. Yes, there are all sizes of racing boats - leading eventually to the ·Un­ limited Class· - the goldcup boys, who iust own their boat and display the trophies. Because the real work is done by a large crew of paid mechanics, and the driver too ,is paid. The real sport is owning anything under an -Un­ limited.· The smaller craft are mostly built by one man, but al,ways raced and operated by the owner. This he does with loving, tender care -- except when it misbehaves. The manner ,in which he then talks to his engine is typical and to the point - stating his point of'view in brief sentences of maximum three word,s. --- It is for this very reason that spectators are barred from the ·pits· (the enclosure where the boats are) and that the course is out of ear­ shot. - Strictly a safety measure •.••

FIVE YEAR STAFF ­ MARCH 1957

(L to R): Jo Ann Griffin, Sylvia Chulick, Helyn-Letcher Keiser, Marguerite Detterer. (Individual insert): Richard F.QuandL , (Unable to be present): Esther O'Grady.

13 The Circulating Library has added the following new books to its coHection. They rent for 3¢ a day. Please caH Ext. 3951 for books or to be listed for books on the waiting list. THE FALL I, MADAME TUSSAUD by Albert Camus by Sylvia Martin BRIGHT PRISON GHANA by Penelope Mortimer by Kwame N krumah A DISTANT DRUM EYE OF LOVE by Charles B. Flood by Margery Sharp The most popular books with staff members for the months of February and March have been: THE SCAPEGOAT NUN'S STORY STOPOVER TOKYO PHILADELPHIAN BLUE CAMELLIA TRIBE THAT LOST ITS HEAD

WANTED: A ride to and from the Bank, vicinity of 3349 Jones Bridge Road, Chevy Chase. Staff member is interested in a car pool. Please call Ext. 3951. Staff member wants to share in car pool from Alexandria, (Common­ wealth and Mt. Ve.mon Avenue). Call Ext. 3951. Jamaican cook, excellent references, wants employment. Will live in. Call Ext. 3951. RENTALS: Staff Relations will be glad to take ..summer sublet listings from staffmembers who will be away on vacations or missions. Please call Ext. 3951.

ARENA STAGE 26th and D Sts., N. W. The Arena Stage will present Anton Chekhov' s masterpiece THE THREE SISTERS beginning April 9.

14 Yt.MYmdJ NEW ARRIVALS: "It's a Girl!" Betty Davis - at the Corcoran This announcement was quite in School of Art Betty's pastel of a evidence as Gary Lightowler proudly model was chosen to be hun g in displayed a huge sign with all the students' gallery. pertinent facts - Carol Lightowler, WELCOME BACK: It is very 6-1/2 pounds, born February 3, good to have back with us Florence George Washington Hospital. Gary, Czok and Helen Ovando who have Mary Elizabeth and sister Jean both recovered from a long seige couldn't be happier. of illness. A s proud and happy are the Clementina Munoz has returned Colliers - Hugh and Joyce, brother from a visit to Manila. Enroute Philip and sister Barbara - because to the States she stopped in Hong­ of the birth ofMartin Peter, March 10 kong and Canada. in George Washington Hospital. Martin Peter weighed 6 pounds VACATIONERS: Leslie and 4-1/2 ounces. Ethel Groves missed the wintry Of interest to many old-time staff days here - and a few spring days ­ members, John and Emily Tierney by driving to Florida. (formerly of the Treasurer's De­ In the opposite direction but still partment) have a baby daughter, for pleasure - Jacky Smith went Kathleen Edith, born in Providence skiing in Canada, dividing her time Hospital on February 24. The baby between the Gray Rocks Inn in the weighed 6 pounds and 7 ounces. Laurentians and Latuque, Quebec. New honor for our President: On Some weeks later news reached us March 8, Mr. Black became Doctor that Cecile Lim has also been of Laws of Syracuse University. skiing at the Gray Rocks Inn ­ The award was made at the in­ lessons anyone? stallation of Mr. Harlan Cleveland Our newlyweds, Shirley and Tony as Dean of the Maxwell Graduate Perram, are driving to the West School. Mr. Black addressed the Coast where Tony's relatives and convocation. {riends will have their first glimpse V.I.P. - Again fame comes to of Mrs. Anthony P erram.

IN MEMORIAM Mrs. Mary K. Courtney, mother of Mary Courtney, February 8, Los Angeles; Mr. Kyriakos Varvaressos, Economic Adviser, Economic Staff, February 22, Washington, D.C.; Mrs. Hope Reid, wife of Peter Reid, March 2, Killara, Australia; Mrs. Marie Rousseau, mOother of Therese Sequin, March 3, Verdun (Montreal), Canada; Mr. A. W. Howell, father of William F. Howell, March 9, Dowagiac, Michigan.

15 BOWL~NG~'fHBR@OKS

As we enter the final lap of the 1957 bowling season, Office of Information has the edge on the other teams. However, Personnel trails by only one game, so o. of I. is not in a position to be smug about their standing - yet. IFC has ceased to preen its feathers and turns aside all conversation concerning bowling prowess that is until next year. Peter O'Neill, playing a magnificent game of 151, was finally able to take the crown from Bill Bailey and that evens the score of three men for all the highs (Pete, Bill Bailey and Jim Twining) and Doris Eliason, Joan Brown and Florence Perras for the highs on the distaff side. Last month's Bank Notes had an interesting story on the Bank/Fund Tennis Party and beat us to it with its farewell to Victor Umbricht. Victor was an enthusiastic bowler and scored quite a record for him­ self with 44 spares and ten strikes during 27 games, averaging 101. E.A.A. will miss him very much, as will the teams he was pitted against. However, aside from Victor and the pictures which embellished the column, your reporter was intrigued to read that "one of the nicest aspects of these tennis get-togethers is that it gives us a chance to see and chat with many old friends, some of whom we would scarcely recognize without their tennis garb." W-e-l-l, I must say therein lies a great difference between bowling and tennis togs. Some of our best bowlers are scarcely recognizable with their bowling garb. Now I suppose I'm just jealous, but take Audrey Pettit, for example, (and I guess there are many who wouldn't mind). When Audrey comes floating in with her giant checkerboard black and white velvet blouse and toreador pants, she knows she doesn't even have to bowl her best to make her opponents so nervous they can't concentrate on the game. Ergo, her team wins. Now if you don't want to take Audrey, how about Joan Brown? Joan, like as not, shows up in a baby sky blue outfit gay enough to make her the cynosure of aU eyes and to have a similar devastating effect on her opponents. Ginger Awid strolled in one night, a symphony in yellow and white, and forthwith all bowling ceased until the eyes of those present returned to their sockets and reasonable quiet was restored. We could go on ad infinitum but we trust you get the idea, and to think all this high fashion recital came to pass because your reporter, true to the craft's tradition to keep an eagle eye as wen as a nose for news, discovered an innocuous sentence in February's Bank Notes: Next month we promise to get down to the serious business of doing a little factual reporting of team and individual standings. !!!Bowling Party!!! - East Room, May/lower Hotel, April 26, 1957.