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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (July 7, 1949)
2 Th Newi-Revlew, Roieburg, Ore. Thur., July 7, 1949 British Boost Production To Earn More Dollars But Find Difficulty In Efforts To Sell By SAM DAWSON NEW YORK, July 5. VP) Some folk are beginning to won der why England Is always short ot dollars. The answer is prob ably Just the same as all too often In your own case: there are a lot of things you want If only you had money enough to buy them. The British, and much of the rest of the world, are like that. There are many things that the United States has and makes that they want and need, if only they had enough Yankee dollars. The dollar shortage is as simple as that. When you are faced with the same shortage, there are several things you can do. You can make something and sell It for the dol lars to buy what you want and need; or you can offer your serv ices for wage or fee. The British have been trying that one, too. They have been boosting production as much as possible, but they are having trouble selling that product for dollars. We aren't buying as much from them as they'd like. Ameri cans say the British goods are priced too high, and besides we are now making more of many things than we can sell, so that all markets, domestic and foreign, are shrinking. Borrow And 8pend Another thing you can do to re lieve an acute dollar shortage Is FLOORING, SIDING and FINISH PAGE LUMBER & FUEL 164 E. 2nd Ave. S. Phone 242 to borrow from the bank, from relatives, from the pawnbroker. The British have tried that one, also. They borrowed nearly $4 billion from Uncle Sam back in 1946 and said, "Now everything will be jake." But it didn't turn out that way. They ran through the $4 billion witn remarKaoie speed. Then the Marshal Plan came along to give them more dollars, about a billion a year. In SDlte of that they are running about a half billion dollars be hind again. That is, they are buy ing that much more than they can sell. A third thing you yourself do when faced with a shortage of dollars to buy the things you want, is to do without. The British are trying that, and calling it austerity. The government tells the individual Briton just what American goods he can buy, and how much. That is to save the dollars for the things it deems more essential mainly raw ma terials and machinery for turn ing out British products to be sold in the world market, preferably for dollars. The British have tried all of them, and now say that it still isn't enough. Probably they would like to have some more dollars as a grant or loan. But they know the amount they might hope for prows smaller each month as the American business cycle declines. Trying Barter System The British are also trying more and more to make sure that what they buy comes as far as possible from outside the dollar area. The trade pact with Argen tina was for that purpose: they take Argentina meat and pay for it with British goods, among them Bank With A Douglas County Institution Home Owned Home Operated Member Federal Deposit Insurance Corp. Douglas County State Bank They!! Do It Every Time i By Jimmy Hatlo i MkrJzyyJ rHE Wmm BLASE ABOUT THOSE QUIZ PROGf?AJA5 BUT ' TfVANX TO BENEYIEVEM.DWIGGIMS, 754-6 LyNN AvE ST. LOUIS 1 4, MO. crude oil thereby supplying al most all of Argentina's foreign oil needs. Until this recent pact, American oil companies supplied those needs. England seems Intent on push ing hard along this trail, and tleing up every possible trade route with a barter deal like the one with Argentina. American businessmen already are com plaining loudly about .that. Another thing England could do, many observers point out, is to devalue the pound sterling. Now, officially at least, you must have four American dollars to buy something Britain sells for a pound. If the pound were de valued to $3 to the pound, say, that would mean you could buy the same British product lor d instead of $4. Some say that if Britain did that she could start her goods moving again in world trade. Value Of Pound Slumps British officialdom has been saying, however, that it won't devalue the pound, that It pre fers to muddle through with American financial aid and bi- laterlal, barter trade treaties until the Dound sterline is actu ally worth $4 again In the eyes of the world. Kignt now, wnue i is the official price, you can buy a Dound In unofficial marts for much closer to $3. Of course. Britain will go on saying that right up to the time it devalues, supposing that it does. But Britain's chronic state of being short of dollars, Its new policy as revealed in the Argon- Argentina Expels Eight Exiles From Bolivia BUENOS AIRES, July 6. (JP) Argentina expelled Victor Paz Estenssoro and seven other Bo livian exiles today for plotting against their homeland. They were given seven days to leave Argentine territory. Most of the members of the eroun had resided in Argentina since the overthrow of the gov ernment of the late President Vll- $125,000 Fire Sweeps Beach In Massachusetts REVERE, Mass., July 6. (IP) A fierce fire wrecked two hotels, 24 waterfront cottages and 19 automobiles at Revere Beach the Coney Island of New Eng land Monday night. Fire Chief Thomas J. McCar rack estimated damage at $125,000. The flames, apparently origi nating in a large garage, jumped swiftly to the three-story hotels Chatteau Thiery and Seavlew and the small cottages. Most of the automobiles destroyed belonged to bathers seeking relief from 100-degree temperatures. tine pact of making bilateral, ex clusive trade pacts, and the ques tion of devaluing its pound ster lingall are probably being given a good going over this week as U. S. Secretary of Treasury John W. Snyder tours Europe. Just what America can, and will, do about it should be apparent shortly. . 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Ask for your free copy of "91 Ideas For Better Living With a Home Freezer. $2200 DOWN $2.50 PER WEEK Special Low Price Regular Price $219.95 $269.95 FREE DELIVERY ANYWHERE 222 W. Oak Phone 348 larroel three years ago. A decree published by the Ar gentine Foreign Office said ac tivities of the group violated rules of behavior which cover those residing here under the right of asylum. The Bolivian government has charged the exiles with actively conspiring against the adminis tration of President Hertzog and with serving as leaders' in an abortive revolt last May. Paz Estenssoro, a leader of the National Revolutionary move ment, was treasury minister un der Villarroel. There were re ports that Paz Estenssoro would have been the MNR candidate for president in the event the May revolt had been successful. Astoria C. Of C. Starts Christmas Buying Early ASTORIA, July 6. P) There are only 173 days to Christmas, so the Astoria Chamber of Com merce is getting ready. The Chamber voted to buv decorations for the Yule season. To make certain the town gets an eany start in tne luture, the Chamber also voted to set up the purchase program on a five- year basis. Glendale To Have Justice Of Peace Glendale will again soon have a justice of the peace. Tuesday, the Douglas County Court signed an order directing the establishment of the Glendale Justice of the Peace District, in corporating Glendale and Cow Greek precincts. These precincts were formerly in the South Doug las District, with the nearest J. P. office at Canyonville. Residents, especially truckers, in the Glendale-Azalea area had requested the County Court to include funds for a justice of the peace at Glendale in its current budget. They contended that the 27 miles to Canyonville made it very inconvenient for them, es pecially in taking care of minor traffic offenses and overload fines. Appointment of the magistrate will be up to the governor. No one has yet been named for the Four-Power Kommandatura Revived For Berlin . BERLIN, July 6. UP) The old four-power Kommandatura, which ruled Berlin until the Rus sians walked out last spring, was revived Tuesday by the deputy military governors. The decision was announced after a meeting of the deputies in the Allied Control Council building. The Kommandatura was organ ized in 1945 by the occupation authorities to provide four-power rule in the city of Berlin along the same technical lines as the position, according to County Judge D. N. Busenbark. Registered Willamette Val ley Lred Romneys from lm. ported .rams. Choice selec tions now available. OAKMEAO FARM Newberg, Oregon four power organization t h a t " functioned for all of Germany. The four deputies issued a joint communique on tho action, ex plaining it was done to carry out the directive of the Paris foreign ministers' conference. 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