The Minneapolis Star from Minneapolis, Minnesota • Page 29

DAYTON'S KEEPS GROWING A Cover Story THE MINNEAPOLIS gain I A Business and Markets 41 1 i EUid (I fl Tuesday, December 15, 1964 it Pako Corp. Sales Up 1 4 rri If 1 8 Per Cent Pako Corp. today reported record sales and earnings for the year ended Octi 31. Donald C. Dayton, president of Dayton's, found him-ttff on a magazine cover to-1 cay for second time this year.

tast spring, Dayton was tjie subject of a cover story irt' Business Week magazine. Today, he was on the cover of the Banco Yearly Times, a Time-style annual publication of Northwest Bancorpor-atipn, as the bank holding qpinpany's "man of the year." Dayton is a third member of his family to hg; Banco director. His grandfather, George D. founder of the department store, was a banker in Worthington, before moving to? Minneapolis and was on the Banco board from its founding in 1929 to June 1935. Dayton's father, G.

Nelson Dayton, went on the Banco beard in-1935, and was succeeded by Donald Dayton in "Tracing the growth of Day iM" HL 7 I I Sales totaled $13,211,000, a gain of 8 per cent over-the previous year. Profits passed the million-dollar mark for the first time, totaling 133,000, or $1.16 per share. 0 This compared with $982,000, or $1 per share, for the year ended Oct. 31, 1963. 35 Harry M.

Dye, board chair man of the Golden valley company, said Pako's growth during the past year came 1 X- a issssy from increased market penetration for new graphic arts and X-ray automated proc essing equipment and expanded international market ing efforts. DONALD C. DAYTON, PRESIDENT OF DAYTON'S He's Northwest Bancorporation's 'Man of the Year' CAST ELECTORAL VOTES A certificate signed by Minnesota's presidential electors (above) will be forwarded to the U.S. House of Representatives which will preside over the count of the Electoral College next month. Minnesota's 10 votes are now officially designated to President Johnson and Vice-President-elect Humphrey according to the state's popular vote.

The electors pictured with Gov. Rolvaag and Secretary of State Joseph Donovan at the capitol were, from left: Charles B. Sersen, 6th District, St. Cloud; Lou Lerman, at large, Mahtomedi; Charles Stickney, at large, Clear Lake; Al Podgorski, 4th District, 642 Van Buren St. Paul; Otto Baulder, 1st District, Austin; Secretary Donovan; Ed Chilgren, 8th District, Littlefork; John Wigdahl, 3rd District, Anoka; Gov.

Rolvaag; Dr. H. C. Flynn, 2nd District, Westbrook; Peter Van Santen, 7th District, Climax, and Dr. John Salchert, 5th District, 1015 Washburn Av.

N. F. Glenn Hamilton, presi dent, predicted continued growth in the domestic and overseas markets, based on expanding consumer interest in photography and on creased commercial applica City-County Union Re-elects McNulty IN INSURANCE CIRCLES Firms Advised to Live Within Rates By HAROLD CHUCKER Minneapolis Star Staff Writer He reported the company is China Hints at Shift on A-weapons Talks introducing a new film proo essor-dryer for the X-ray City Man 3rd Victim of Collision A Minneapolis man became ton's since George D. Dayton tjook over a small dry goods store on lower Nicollet Av. iri' 1902, the Banco publication noted the department store now has 6,500 regular employes, with the number rjsing to 10,000 in peak fit "calls Dayton's the sec-olid largest privately owned department store in the country with sales estimated in excess of $130 million a year.

Thus compared with $50 mil-lidh in- 1947, when Donald Dayton became general manager. Donald Dayton, now 50, joined the store as a clerk and stock boy in 1937 follow-ibS-Ws graduation from Yale University. He moved up through the ranks of buyer, divisional merchandising manager, -general superintendent and assistant general field, and an automatic self Kenneth F. McNulty, ap-; praiser in the property rental department of the county auditor's office, was re-elected feeding sheet film loader for X-ray equipment. A new compact tabletop dryer wil president of Local 9, City and also be added to the line dur the third victim Monday County Employes Union.

Insurance companies that blame their financial woes on rate structures should look instead at their "failure to ing the current year. Other officers named at; TOKYO, Japan (ITI) Communist China hinted today at willingness to negotiate a ban on the use of nuclear weapons with the four other atomic powers Russia, the United States, Britain night of an automobile collision near Battle Lake, Minn. has a vital bearing on peace and security in the world," Commentator said. "For those countries possessing nuclear weapons to undertake not to use them is the only practical and effec live within the rates" they charge. The company manufactures processing equipment the local's annual election were Raymond Buttschau, That's the reply of the Illinois director of insurance, companion products for the Saturday.

He was James Yant, 25, photographic, graphic arts vice-president; Norman Lori-, mer, treasurer, and Viola 2643 Aldrich Av. N. His car and France. motion picture and X-ray Richard G. Hershey, to insolvent companies that try to their failure on state insurance departments.

Insolvencies have never been traced to inadequate rates, he collided with one occupied tive step toward their complete prohibition Brunsvold, recording secre fields. A subsidiary, Pako Photo, Inc. commercially Previously China insisted by Tonnes K. Haukebo, 75, tary. that any negotiations take Underwood, Hauke- processes film and operates "The Chinese government told the annual meeting of the National Association of Independent Insurers.

They are largely the result of mismanagement by those in charge of a company, he said. 14 retail photo stores. maintains that it would not place at a summit conference of more than 100 nations and include absolute be difficult to reach such an agreement if the countries Rate approval is one means used by state authorities prohibition of weapons and concerned love peace and do destruction of existing to maintain solvency of insurance companies, he pointed not intend to use nuclear bo's wife, 68, and their granddaughter. Haukebo and his wife died at the scene. Yant died in a Fergus Falls hospital.

The accident occurred on Hwy. 78 about 8 miles south of Battle Lake. The granddaughter, Lisa Veterans Receive Gifts From Korea Ninety-eight gifts from the1, people Of the Republic of Korea have been received by the Minneapolis Veterans Administration Hospital for dis out. "It appears, however, that we should also direct our ef weapons as an instrument of blackmail and threat or to Super-scale Computers Introduced forts toward making certain that the approved rate is ac The apparent shift came in continue their aggression a dispatch by "Commenta tually being charged." i 1 tor" generally believed to against and control over oth er countries." Noting, a clamor in some areas for federal regulation be a high Chinese poJitburo Boe, 18 months, is in a Fer member, perhaps party Chair gus Falls hospital for treat of insurance rates, Hershey said approval of rates is an area where state regulartion has the advantage over other gov man Mao ise-tung which Control Data Corp, today ernmental agencies. This is because insurance rates have a ment of face cuts.

She is the daughter of Mr. and Mrs. Duane Boe, Ashby, Minn. introduced a 6000 Series of "super-scale" computers. tribution among hospitalized veterans of the Korean War.

The gifts, including small dolls, handmade handkerchiefs and letters of gratitude will be distributed to the veterans Thursday. certain "local flavor," resulting from their dependency on PACIFIC SERVICE AUCKLAND, New Zealand (Reuters) British Overseas Airways plans to open a South Pacific service from North America early in 1966, the airline said Monday. was published in a Peking newspaper and broadcast by the New China news agency. "The question of the prohibition of nuclear weapons William C. Norris, presi the philosophy and outlook of the, residents in a given terri Stephan Landowski, 82, rfTShager.

fle became general manager at 33. When Nelson Dayton, who, had headed the company since 1923, died in 1950, Donald Dayton became president. Ten years later he became chief executive officer. 4 Expansion Program The Dayton's program, first announced in 1945 and launched in 1948, was largely under Donald Dayton's direction. The program included de-yelopment of Southdale, establishment of a branch store in Rochester, purchase Of the Fantle Bros, store in Sioux Falls, S.D., development of Brookdale in Minneapolis' northern suburbs, building of the ramp, purchase of Schuneman's in St.

Paul and Construction of a new store, and expansion into discounting with formation of Target Stores, Inc. tory, he added. Duluth, died in a Duluth hospital Monday about three dent, said the series includes the fastest and most powerful computers in the world, and is designed to meet in "Passing this duty to approve rates to any federal hours after he was struck by authority would not change the character of the present car on a Duluth street. Minnesot's road toll is now problems nor give them a solution," he warned. 790 for 1964, 11 fewer than dustry's demand for total management information systems, as well as scientists' demands for the means to the record total of 801 in i i Paul Meyer, president, and Tom Norfleet, vice-president, 1963.

solve larger and larger of Success Motivation Institute, will conduct a sales seminar for Minneapolis Association of Life Underwriters The series consists of the in the Pick-Nicollet Hotel from 9:15 a.m. to noon Thursday. 6400, 6600 and 6800 com puters. Execution speeds Mother Charged BALSAM LAKE, Wis. A newsletter issued by the association promised the range from 1 million instruc tions per second on the b400 on of salesmen, '-'will set you on fire," Fire extinguishers are expected to be available.

to 12 million per second on MM TIIEAT ft YOlin COUGH BY DAY I i hit! I the 6800. COMPANY NOTES: St. Paul Insurance Companies has Norris said these speeds (IPI) A 27-year-old mother of four children has been charged here with first-degree murder in the death of Banco Times said one of the projects which "intrigues" Dayton is the Nicol added homeowners disability insurance to its product line. "are fast becoming an abso lute necessity for such appli' cations as complete manage let Av. mall.

The publication fifth child, Polk County sheriff's deputies said. information systems The policy is designed to be issued with a homeowners policy to cover mortgage payments in case of disability, but may also be issued to cover rent, loan installments, living said he is knowledgeable on structural and architectural matters, and "sometimes has and large computing centers Mrs. Alice Burton, Clam Falls, smothered her son a few hours after he was to be restrained from being serving many remote locations within an organization." expenses and insurance premiums. his own architect." The '6400 is in production, born Dec. 5, deputies said, and then wrapped his body Northwestern National Life reported November sales totaled $28,954,000, up from $27,945,000 for the same month The circus motif, often with Control Data taking orders for delivery in less than floted Dayton's windows last year.

in a blanket and hid it in a shoe box in a closet of the Burton home. 12 months. Delivery of the and at Southdale, is attributed to Dayton's longtime in 'in' animals and cir first 6800 is scheduled for 1967. The 6600 is presently Mrs. Burton had kept her Lutheran Brotherhood had sales of $23,740,000 last month, a gain of 12 per cent over November 1963.

Business for the first 10 months this year totaled $263,592,000, up Dayton admits that "riihning the store is pretty similar in many respects to pregnancy a secret from her husband, Willis, 27, according to deputies. being delivered. The price, for typical systems in the series ranges upward to several million dol lars, with rental prices vary ruaning a circus. No date has been set for more than $14 million over the 1963 period. North American Life and Casualty has opened a Minne apolis branch office just west of Hwys.

100 and 55 in Gold en Valley. The office is managed by Douglas Wadlund. Oayton, who was brought trial on the murder charge. ing from $25,000 to $150,000 up; Jon his father's 800-acre BOTTLE WITH 1 Clam Falls is about 80 boulder Bridge farm near bx per month. miles northeast of Minne celjsior, 'carries his fondness apolis.

forjjhe land and animals over into his 26-acre home west Business Agency, formed by the merger of OTILH GHDcsnr Nelson Al Hoffman Agency and John Young Agency, of it has moved to larger quarters at 7726 Morgan Av. S. Officers are Harold J. Nelson, president; Otto T. Bang executive He has eight Hereford Money Order Theft Suspects to Be Arraigned Telex Chairman Offers to Buy as Safeguard W.

E. Morrow, board chairman of Telex has of cows, which produced a crop vice-president, and Al Hoffman, secretary-treasurSr. KM)iXI or teignt carves lasi summer. Helso has horses and Special to the Minneapolis Star a and other farm am malg. it WHO'S NEWS: Glen Blanchard has ben appointed general agent for Mutual Security Life, with offices at 7703 fered to buy 350,000 shares of the company's stock at Non-Narcotic CONGESTAID COUGH SYRUP acts 5 ways for relief of coughs due to colds.

Safe for children, works even while you sleep. SjlGESTAIffi I ton's four younger SUPERIOR, Wis. Two men and a woman were to be arraigned today on charges of possessing stolen money Yrothers hold kev manage $4 per share. v. Normandale Road.

The company, with home offices at Fort Wayne, was formerly called Brotherhood Mutual Life hem posts in the department The offer, contained in a stoe company. Chris Finsness, manager letter to stockholders, ex orders bearing the name of the First National Bank of Stops coughs without codeine 3 Helps break up orotherhabit-formingnarcotics chest congestion JJ Goes to work immediately 4 Dries up post nasal drip 5 Clears nasal passages pires Dec. They are' Bruce, executive or sales promotion and advertising in Northwestern National Life's public rela Morrow said the offer is vice president and general being made to prevent "fu mahager; Wallace, vice-president and operating manager; Kenneth, vice-president and ture disastrous proxy solicita -K fa tions with the inevitable de tions and advertising depart- lament, was named manager of sales development in the agency department Rob- 1 COUGH NEW gerjeral merchandising man mm pressing effect upon the employes of Telex and the mar SYRUP cr- li ager, and Douglas, vice-presi Hudson, Wis. The woman, Alice Hoffman, 27, alias Johnson, Winona, appeared in court Monday, where her bail was fixed at $5,000. She was to appear today with Thomas Johnson, 31, St.

Louis, and Halsey M. Johnson, 44, Washington, D.C. The three, who possessed pistols and a tear gas gun, were arrested in a bar Sun ert S. Hanson, president of American Hardware Mutual, ket price of its stock. dent of Dayton and presi derjt of Target Stores.

George D. sDavton II! a cousin, is For cold's congestion, try Congestsid Room Vaporizer 1 VJ The Tulsa company was the subject of a proxy fight Blanchard Finsness last summer that was re executive vice-president. i ROYALTY IN THAILAND solved with a victory for the management. The fight was YOUR PRESCRIPTION BANGKOK, Thailand organized by a group of Mm neapolis. stockholders.

Highway Safety Howard E. Pleuss, general agent here for Aid Association for Lutherans, was named a regional counselor of the company for 1965 John D. Messer, St. Paul, was appointed a brokerage co-ordinator for Western Life Ronald M. Hubbs, president of St.

Paul Fire and Marine Insurance has been appointed to the board of governors of International Insurance Seminars Raymond A. Leavens was named assistant manager of Metropolitan Life's Nicollet district office. day. They had more than' (Refiiters) Crown Prince Akihito and Crown Princess 1 Ttl 1 eiex stock is traded in 11 the over-the-counter market. $3,000 worth of money orders stolen from a print shop before delivery to the Hud- MicJbikq.

of Japan arrived Monday 1 fof a seven-day It has been below the $4 level for several months. ik ttt. Jit state visit to Thailand. son bank..