o
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Matter of Fact ByjoWPhAis.P
KHRUSHCHEV INTERVIEW
Moscow Nikita S. Khrush-
ehev Tuesday in effect proposed
that the United States adopt a
"Fortrtu
America" pol
icy as the main
item in a pro
gram for re
laxing world
tensions.
"Soviet
troop s," h e
said, "would
be withdrawn
Jotph Aiiop to the national
territory of the Soviet Union
from all the ccontries in Europe
whre they are now stationed
in accordance with existing
treaties and agreements. Mea
While, Western European coun
Tries would also withdraw their
troops stationed in the territor
ies of other Western European
countries. The United States
war.ild also withdraw its troops
to American territory from Eu
rope and Asia, and along with
that would go the liquidation
of all foreign military bases.'
mis was the most concrete
and significant proposal put for-
ward by this remarkable man
w in an absorbingly interesting in
terview pi two hours. Two other
ppmts stod out in Mr. Khrush
cnevs extensive discussion of
O 'oreign relations in general and
t ,-Soviet-American relations
(particular.
f fi, the one hand, the Soviet
ieadof);hip is anxious for the
resumption of what Mr. Khrush
ctev4:alled "normal diplomatic
relation;-) as distinguished from
-tfjefbnly formally normal rela
tion's we now enjoy." This nor
malization, in Mr. Khrushchev's
trefini), would include both
Ointer-governmental. meetings at
Cyie summit and the widest pos
sible extension of trade and cul-
Ofe relations between the two
naive 01 me worm.
"We particularly want to nor
mally 01 relations with the
Unitedtates," he said at one
poinT, because your country is
true reatpower, and we think
-our terjuntry also fits that cate
gory."
On the other hand, the sug
gestion that me Soviet Union
might pull out its garrisons in
CentralEurope in exchange for
American adoption of a policy
of strictly continental defense
destituted Mr. Khrushchev's
onkr offer of a Soviet concession
onHrfiy of the many issues that
now divide the world.
In the currently0 vital case of
trie Middle East, he even indi
cated active Soviet support for
the Middl? Eastern oil resources
which produce the real life
blood of the second and third
western partners, Britain and
France.
"The peoples of the Middle
East must be permitted to de
velop as they" choose, and they
must make their own use of the
'natural wealth of their coun-
O o
.
Buttermilk
Flaked vdth golden bits
of real butter delicious
q flavor Thany health
giving properties rich
in minerals and vita
mins . . . Perfect for
reducing diets-"filling
O
3
tries," he said. "At the same
time, we realize that Britain and
France need Middle Eastern oil
But we think the oil should be
obtained by normal commercial
transactions.
.
fR. KHRUSHCHEV received
me in the First Secretary
big office in the rather forbid
ding stone building that houses
some of the Communist party
secretariat. Except for its size,
the room was unremarkable,
having no distinctive decoration,
At first glance, the man him
self also seems unremarkable,
out la conversation one soon
notices that the rather plain face
expresses a much deeper and
more penetrating intelligence
than appears in the stock pho
tographs of Mr. Khrushchev be
ing jolly. He spoke authorita
tively and listened attentively,
but during the translations into
English he would fiddle with an
ornate paper cutter or an ear
of hybrid corn enclosed in plas
tic, as though he were impatient
to get on to the next topic.
Mr. Khrushchev set the theme
for the discussion of foreign re
lations with his opening state
ment that we all live on one
planet and must find the way to
live together in conditions of
peaceful coexistence." The first
step, he asserted, was for the
Western leaders to reconcile
themselves to the existence of
the Socialist countries "to ac
cept this, as a believer would
say, as something given by God
After that, he added, should
come the "normalization" of dip
lomatic and other relations.
S examples of recent "ab-
SMDER'S
o
GOLD AWARD
WifUHNG SILK
o
State Department's interference
with a training contract made
by the Soviet Department of Ag
riculture with a Mid-Western hy
brid corn producing company.
and also the State Department's
refusal of transit visas request
ed by the Russian Olympic ath
letes returning from Australia
These incidents," he said
were, of course, mere pinpricks,
but they were pinpricks given
on purpose to prevent a serious
approach to the more import
ant problems standing between
the two countries."
Contacts on the highest level
would be the most helpful," he
added. "I want to express my
self rather carefully, in order
not to mislead American public
opinion into thinking the Soviet
Union is over-eager for such con
tacts. Yet we do believe they
would be useful, indeed essential
if we want to build up normal
relationships. One cannot hope
to transmit one's thoughts by
magic. One cannot hope to im
press one's ideas on the leaders
of another country by remote
control."
As to the purpose of such
meetings at the highest level,
Mr. Khrushchev gave the famil
iar Soviet list of aims: Achiev
ing the condition of peaceful co
existence, relieving the peoples
of the world of unproductive
military expenditure, which also
holds the danger of a third world
war, with all its untold suffer
ing, and opening all kinds of
trade and cultural contacts."
N connection with his remarks
about miltary expenditures.
Mr. Khrushchev was asked why
the Soviet leaders continuously
ttacked the United States for
its "policy cf strength," when
the Soviet Union was itself mak
ing such an impressive defense
effort.
"The policy the United States
is pursuing is one of aggression,
not of defense," he replied.
Every country has, of course.
the right to build up armed
forces sufficient to defend its in
dependence in case of attack.
It is quite another thing when a
wide net of military bases is
being developed, far from the
United States and close to the
Soviet frontiers. What would
you and what would American
public opinion think, if the
Soviet Union were to succeed in
establishing bases in Mexico or
Canada? I should think many of
your people would lose sleep.
But we have strong nerves.
and we calmly go about our busi
ness, although because of your
policy we are compelled to make
great armament effort and to
warn our people of the danger of
war. We believe in fact that the
United States is carrying on the
material and psychological pre
parations for a third world war.
Perhaps the purpose merely is
to start a European war and to
have the peoples of Europe fight
each other something that hap
pened for a period last time, a
period when the United States
made a lot of money.
'But the means of warfare
have changed. No corner of the
globe can be immune, and if the
United States has developed ad
vanced weapons, we also believe :
we are not behind in this re
spect."
IT was at this point that Mr. :
Khrushchev mentioned "with
drawal of troops from Europe"
along with limitation of arma
ments as two essential steps to
ward a more dependable peace.
On being asked to develop this
theme, he made the proposal !
cited at the opening of this re
port. He continued, interestingly,
that the high-level negotiations :
needed for such an agreement
would be "unfruitful if each side :
come to the meeting with its
own arguments and goes on re
peating them, as we did at I
Geneva, it will be unfruitful." J
Babson Discusses
Insurance Stocks
By ROGER W. BABSON
Babson Park, Mass. I have
recently been quoted as follows
"I believe if Jesus were here to
day, instead of being a carpen
ter, he would
P.
be an l n s u r
agent."
My explana
tion of this
that I believe
the insurance
business is
clear illustra
tion of applied
Chri stianity.
oer w. Bauson Tf some one
home burns, the company does
not usually use its capital to pay
the unfortunate person. The in
surance is paid from premiums
contributed by the rest of us
Mr. Khrushchev continued
energetically with a warning
that the "peoples of Europe will
not tolerate their being guinea
pigs m the hands of others" and
win instead insist on tne re
moval of United States bases
from their territories. Therefore,
he argued, the United States
would be wise to begin at once
to seek a different way out.
Thence he passed on to the
Middle East, which he described
as a situation "both complicated
and dangerous, where the smoke
of battle has not settled." For
these reasons, he declared
agreement among the great pow
ers was needed that would serve
the twin purposes already noted,
of a guaranty of free-self-de
velopment for the Middle East
ern people plus a guaranty that
they could do what they chose
with their oil resources.
1I1R. KHRUSHCHEV further
denied that there was any
contradiction between suggest
ing intergovernmental negotia
tions on me Middle fcast one
day, and then indicating the Mid
dle Eastern policy of the United
States in the United Nations the
next day. "We wanted to call
things by their proper names
he said.
With an obvious reference to
the Eisenhower doctrine, he
went on, "The United States has
repeatedly infringed on this
country's frontiers and interfer
ed in the affairs of other coun
tries, and, therefore, we thought
the question should be raised.'
Finally, Mr. Khrushchev was
asked the meaning of the seem
ingly sudden replacement of
former Foreign Minister Dmitri
T. Shepilov by Foreign Minister
Andrei A. Gromyko.
He answered that the change
was made only "in order to
make the best use of the person
nel available; our policy had al
ready been set forth in the re
port to the Supreme Soviet by
Comrade Shepilov, and no
change of policy is implied."
A NY.WAY, Mr. Khrushchev
added, Soviet foreign policy
was made collectively by the
Presidium, and the Foreign Min
ister's task was "only to execute
the policy already made."
Then, suddenly giving vent to
pleased chuckle, he conclud
ed: "Even our glum Comrade
Gromyko can also smile very
nicely if his partners in negotia
tion are smiling, too.
So ended this discussion of
foreign affairs. It left an impres
sion of a strong, clear, practical
intellect, studying foreign rela
tions with considerable astute
ness, seeing particularly the im
portant opportunities that this
troubled world offers to the
Kremlin's policy-makers, but
viewing the whole, always and
in all places, with the strong
refraction of Soviet spectacles.
Copyright 1957 New York
Herald Tribune
whose houses have not burned.
If one of us dies and the wife
receives insurance for $20,000,
the rest of us, through our pre
miums pay the wife these much
needed funds. Let me now give
you some ideas as to my
thoughts on insurance in gen
eral.
Kinds of Insurant:
The simplest insurance is life
insurance. On these life com
pany stocks I was very bullish a
few years ago when they were
cheap; but since then they have
increased threefold in price and,
hence, are not so attractive. The
health, accident and automobile
company stocks have never ap
pealed to me; but some are OK.
The surety and bonding com
panies I know nothing about.
The fire insurance companies I
have studied for years and have
invested considerable money
therein.
The investment trusts have
been doing considerable selling
of insurance stocks, especially
those of the fire insurance com
panies. They feel that the pres
ent "agency system is becom
ing obsolete. There may be rad
ical changes in the selling or
ganizations of the fire insurance
stock companies; but their ex
ecutives do not now admit it.
Many investors also fear the
mutual stock fire companies. Of
course, there are no stocknold
ers in the mutual life compan
ies; but certain stock fire insur
ance companies use a mutual
system for premiums. They of
fer to save the buyer of insur
ance a good part of the commis
sion now going to the agent. My
own feeling is there will always
be a field for both classes, each
one keeping the other on its
toes.
Diversification and Management
The sensible investor will clas
sify lire insurance companies
with the best investment trusts
By buying such fire insurance
stocks an investor gets the ad
vantage of the dividends and
coupons paid on the securities
held by the insurance company
and, in addition, profits, if any,
from the fire insurance business.
This gives investors diversifica
tion of securities plus a cut in
the fire insurance business. Can
any mutual investment trust
match this combination?
In addition to diversification
investors in fire insurance
stocks have the advantage of ex
cellent management. Fire insur
ance companies employ experts
for the selection of their securi
ties, which are also most care
fully watched by an investment
committee. The record of the
investment holdings of these
companies is very commend
able. The Premium Cycle
Over a period of years the in
come from fire insurance stocks
has been excellent. - There are
cases, such as that of the Home
Insurance company, where this
record extends over 100 years.
There is, however, a cycle in the
industry which I should men
tion. There will be a period of
heavy losses and low profits, af
ter which the companies get
permission from the state com
missions to raise their premium
rates. Then follows a period of
good profits. After a few years,
losses climb again, but the com
panies will again be allowed to
increase premiums. In the long
run, the state commissions are
fair with the insurance compan
ies and allow them a reasonable
average profit. Those who buy
these stocks and consistently
hold them should have safety,
diversification and good man
agement, resulting over a long
How you can telt if you should take the
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ALWAYS LOOKING
Loi Angeles 1U.R) Roy
Spile, 23, lost his wife Thursday
becauses of too many mananas.
Spile was divorced from his 21-year-old
wife, Sylvia, after she
testified that he was always
promising to look for a job the
next day.
period in both capital gains and
a lair income.
In addition coronrfltinns anrli
as the Gamewell company are j
constantly at work installing i
fire alarms, sprinkler systems,
and other means of fire protec
tion. Legislatures are constant
ly passing laws forcing fire
proof construction. Dangerous
slums which are breeders of
fires constantly are being torn
down. All of this works to the
advantage of the insurance com
panies, their policyholders, and
their stockholders. Just now the
industry is in. a period of heavy
losses and most fire insurance
stocks can be bought for much
less than their . book value.
Hence, this seems to be the right
time to buy good fire insurance
stocks'.
Friday, February 22. 1937
MEDFORD (OREGON) MAIL TRIBUNE FIVE
Yugoslavia's Wartime Premier Taken by Death
Belgrade, Yugoslavia u.pj I Trif unovic who died Thursday
Funeral ' arrangements were atin.e. age .of.88-. .
hoi j t iTiiunovic neaded the Radical
being made today for wartime Party the stlongest
Yugoslav exile Premier Milos party until Tito came to power.
FILM BANNED
San Jose, Calif. flJ.R) The
city entertainment commission
banned "Women of Rome." Ital
ian movie starring Gina Lollo
brigida, Thursday for its "low
moral tone."
LIT CITY 'NARKET
North Hiway 99 Half Way Between Medford and Central Point
OPEN UNTIL 10 P.M. INCLUDING SUNDAYS
. : WEEK END SPECIALS
FRESH
Ground Beef
3 99'
FIRM HEADS
LETTUCE
10
Assortment Family '
COOKIES
V". 29
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Am
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89c Fafs
Room
Deodorant
19c
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25c
HAVY DUTY BATTERIES
RAY-O-VAC 2 25c
2-CELL FLASHLIGHT
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Holland Linen Tablets - Plain or Ruled
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19 Count
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Hand Cream
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18-oi.
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METAL PANTS GREASERS - DRYERS 49c
25c DR. BERRY'S Skin and Complexion SOAP 2 bars 29c
49c PEARS TRANSPARENT SOAP 3 bars 99c
$1.00 PYRAMID SKIN SOFTENER 49c
HOT WATER BOTTLE - Slightly Irregular 1 89c
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2 59c
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25c RAZOR BLADES - Single or Double Edge
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$1.00 CUP and SAUCER - 6 Distinctive Patterns
59c CALCIUM WAFERS - 15 Grain with "D" 6, t. w
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Vi PRICE TUSSY SALE ENDS THIS WEEK
$1.00 Wind & Weather Lotion 50, '2 size $1.00
$2.00 HAND CREAM $1.00
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