FOURTEEN MEDFORD (OREGON) MAIL TRIBUNE
Monday, May IS, 1955
Huge Expenditures Seen for Nuclear Power Plants During Next 10 Years
Sizable Part To
Be Invested on
Uneconomic Basis
By JOSEPH L. MYLER
United Press Staff Correspondent
Washington (U.R) Atomic
industry said today it expects
to spend more than $7,500,000
000 in the next 10 years on nu
clean power plants.
A sizable part of that sum
said, will be invested "on an un
economic or break-even basis'!
before atomic power becomes
- competitive with conventional
energy sources.
That is expected "some time
after 1962."
These estimates were made by
the Atomic Industrial Forum
Inc., of New York in what it said
was the first survey of its kind,
It said private atomic activi
ties will mushroom again and
again in the years ahead.
Research Increasing
"Research and development ef
forts will continue to increase in
size and productivity," the forum
said, "until they double their
current rates by 1958 and double
again by 1965."
The forum is a non-profit or
ganization, of nearly 300 indus
trial, research, and educational
organizations and 800 individuals
active in peacetime atomic de
velopments.
It based its survey findings on
information supplied by more
than 400 private organizations
estimated to comprise 75 per
cent of the total private U.S,
atomic energy industry from a
dollar volume point of view.
The forum said non-govern
ment organizations such as manu
facturers, electric power com
panies, and research institutions
will spend about $300,000,000 of
their own money in the next four
years on atomic energy research
alone.
Big Business Seen
Before large - nuclear power
plants become competitive after
1962, the forum said, between
3,000,000 anud 5,000,000 kilo
watts of electric capacity may
have to be built and operated on
an uneconomic or break-even
basis.
The forum estimated that in
- 1963, makers of parts for atomic
power plants will be doing
business of more than $700,000,-
000 a year. Until then, or per
haps until 1965, the biggest
equipment market will be in
atomic engines for submarines,
other naval vessels, and aircraft.
By 1965, with more than
$7,500,000,000 invested in them,
, power reactors will be consum
ing atomic fuel at the annual
rate of 8000 tons of uranium, in
eluding 26 tons enriched in fis
sionable uranium-235.
Mora Scientists Needed
"Also by'1965" the forum said,
atomic energy developments,
both government and private,
will call for a total of 30,000 to
40,000 scientists and" engineers,
or about double the number in
both categories today."
The report, called "A Growth
Survey of the Atomic Industry
19o5-65, was released by Forum
President Walker L. Cisler, who
also is president of the Detroit
Edison Co.
"For the first time," Cisler
said of the survey, "those indus
trial firms which will be devel
oping, manufacturing, and mar
keting materials and equipment
for the atomic energy industry
have a realistic guide as to what
will be required.
American Business
Off To Good Start
Washington (U.R) Ameri
can business set a record in the
first three months of this year.
The Commerce Department
reported yesterday that the
gross national product, the sum
of total goods and services pro
duced, hit a record annual rate
of $370,000,000,000 during the
three months.
The department attributed the
record production chiefly to new
highs in auto purchases and
home building. The anual rate
compared with the previous rec
ord rate of $269,000,000,000 set
in the second quarter of 1953.
The "gross national product"
is regarded as the soundest baro
meter of overall business condi
tions. It reflects such things as
personal income, dividends and
consumer spending.
LEFT EVIDENCE BEHIND
Duluth, Minn. (U.R) A bad
check suspect being chased by
police got away but he fled so
fast that he ran out of his hat
and shoes.
'
' 3
Diggers of Suez Canal Faced With
Possibility of Giving Ditch Awtiy Free
WINNER OF TELEVISION SET Claude
Johnson, 402 West Clark st., Medford, winner
of the Judge-For-Yourself Task Force Truck
contest sponsored by Courtesy Chevrolet, is
shown receiving congratulations from Mayor
Earl Miller. Jack Strong, sales representative
for Cqurtesy Chevrolet is shown at left. The
contest was conducted in conjunction with the
announcement of 1955 model Chevrolet trucks
and a 21-inch television set was the first prize.
March Up Lausanne Street Like
Scene From Motion Picture Film
By ROBERT MUSEL
United Press Correspondent
Lausanne, Switzerland (U.R)
I first saw the three trapped
men climbing the steep hill call
ed the Rue du Petit-Chene the
Street of the Little Oak.
One was fat with the gnarled
hands of a laborer. One was lean,
saturnine, elegant. And one was
small and crippled.
It was like a scene from a
movie thriller. The fat man was
a heart case. ' I could read it in
his blue lips, hear it in his gasps
as he leaned against a building
to catch his breath.
His companions made no move
to help him. .The cold eves
watched with something like
contempt. Had he died on the
spot, I am sure they would only
have shrugged, tapped ash from
their cigarettes and continued to
ward their hotel near the Place
St. Francois.
I .thought there must be a
story here and I wandered over
to the hotel and talked to the
concierge and to a foreign offi
cial or two and this was the tale
that emerged.
European Men
The three men were Eastern
Europeans. As the war ended the
lean, elegant man discovered
where part of the Bulgarian
gold hoard was hidden. He need
ed a strong arm man and so the
fat man was recruited.
And to complete his plan he
needed actual dies for minting
Bulgarian gold coins. He got
these from the crinpled man, a
clerk in a government office
He also got the crippled man as
an accomplice.
It was all so beautifully sim
ple. They would mint actual gold
coins and sell or spend them. It
would be impossible to detect
these coins from those officially
issued.
It was, in fact, a perfect crime.
But in order to keep from excit
ing suspicion by a sudden flood
of gold coins they took only part
ot what they minted, hid the
rest and finallv arrivpd in
Switzerland to? enjoy the fruits.
There was only one possible
danger. They might squeal on
each other.
This thought apparently -had
occurred also to them and even
more sinister people. For two
stocky men began to drop into
the hotel for tea almost every
day. The first time the "brains"
saw them he stopped as though
hit. To an East European the
identity of the men was unmis
takeable. The Russian secret
service had arrived.
Fear trapped the three men as
surely as though they were in
prison. They watched each other,
and the Russians, constantly:
With nothing in common except
their crime, they began to sus
pect and hate each other. Who
would crack first, beg for mercy,
incriminate his companions?
Remembered Men Well
On my return to Lausanne I
dropped into the hotel again. The
concierge remembered the men
well. They hd disappeared so
suddely, leaving ;
Vanished without
few debts, like that.
trace, just And those two stocky men
Paris (U.R) A company that
got rich by digging a ditch is
doing more business than ever
before. But at the height of the
boom, directors of the company
are meeting in Paris to talk
about going out of business.
The ditch is the Suez Canal.
The company that built it
"Compagnie Universelle du Ca
nal Maritime de Suez" is fac
ing the prospect of giving it
away.
It hasn't much choice. The
company owns and operates the
canal under a 99-year lease from
the Egyptian government which
became effective when the Med
iterranean and Red Seas opened
in 1869.
When the lease expires in 1968
the canal will automatically be
come the property of the Egyp
tian government unless, some
new agreement is negotiated.
Company officials are doutful
Egypt is interested in extending
the lease.
"The present Egyptian govern
ment certainly wouldn't be,"
said Jacques George-Picot, the
company's top executive. But he
pointed out that 1968 is still 13
years away and a lot might hap
pen in 13 years.
crease in traffic has been tht
spurt in mid-Eastern oil produc
tion. Ten times as many tankers
pass through the canal today at
did before World War IL
used to be curious about, the
ones who drank tea every day?
Come to think of it. they appar
ently had disappeared too, at the
same time.-Did monsieur think
there might have been a connec
tion? I will always wonder.
Meanwhile, the company is
working on the assumption the
canal will be turned over to the
Egyptians.
Directors who met here this
week are setting up a plan to
give present stockholders shares
in a new investment trust to be
formed with the more than 32
million dollars in securities
which the company holds.
Many a 19th century financier
lived to rue the day that he
turned down a chance to invest
in the canal. Ferdinand de Les
seps, the French diplomat who
spearheaded construction of the
canal, sold the original stock is
sue easily enough in 1858 but by
the time the canal was complet
ed it had cost twice as much as
originally estimated.
De Lesseps had to arrange
loans and even set up a lottery
to raise money to see his dream
realized.
Dream of Napoleon
The Suez Canal had been a
dream of Napoleon, too, but he
dropped the idea when his engi
neers informed him erroneously
that the level of the Red Sea was
30 feet higher, than the Mediter
ranean. '
While French capital account
ed for most of the original in
vestment, the British bought a
big block of stock in 1875. The
present board of 32 directors in
cludes 16 Frenchmen, nine Brit
ons, five Egyptians, one Dutch
man and an American former
ambassador to Egypt S. Pinck
ney Tuck.
The biggest reason for the in-
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IT'S A PSYCHOLOGICAL FACT: PLEASURE HELPS YOUR DISPOSITION
wur dkposfffofi -today
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annoyances pile up. Did you know that
psychology says one help to your disposition is
your everyday pleasures? They're really
Important. That's why, if you're a smoker, the
wise choice in cigarettes is the most
pleasure-giving cigarette. That means Camels.
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Yes, it's wise to choose your cigarette
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other cigarette has Camel's richer blend
of mild, costly tobaccos. No other cigarette
is so rich-tasting, yet so mild. No wonder
Camels agree with more people than
any other cigarette! Remember ... A
cigarette that short-cuts you on flavor
does not give you Camels' pure
pleasure. So, have a Camel!