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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 24, 1958)
Business Role in Second Place For Former Officer of Army (Editor's not: This is the last of six dlspatrhes telling the stories of some of the U.S. military leaders who have become "Tycoons Out of V'niform.') By JAMES L. KILGALLEN UPI Correspondent New York-OTD-The present civilian post of Lt. Gen. Les lie R. Groves, USA (retired), as a vice president of Rem ington Rand is decidedly "in teresting" but does take sec ond place to his wartime role in the development of the atom bomb. "It would be impossible for any job to be as interesting as mine was in the atomic bomb development," said Gen. Groves, who headed the Manhattan Atom Bomb Pro ject during World War II. "Success meant so much to the entire country and to the rest of the world that no other job could ever possibly be of such importance, as in teresting, or as wearing men tally and physically, and in saying this I do not mean Big Pines LUMBER CO. 6th at Fir Ph. SP 2-6231 that my present work is not interesting for it is." Two Paris I asked Gen. Groves what are the "challenging" aspects of his present civilian duties. He divided his answer into two parts. "During my first five years with Remington Rand I was in charge of our development work," he said. "During the second five years I have been concerned with general rath er than specific responsibili ties. "The highlight of the first five years was the develop ment by Remington Rand of the U n i v a c. This, as you know, was the first giant electronic brain and the foun dation upon which we and our competitors in the field both here and abroad have built other such machines. "This development was most interesting because it was important not only from the standpoint of our comp any, but also from the stand point of the advancement of the standard of living of our peoples. Like the atomic bomb it was not a project which was certain of success, but the chances of failure were much less as were the consequences of possible fail ure. Should Be Good "In the second period of my work with Remington Rand the challenging aspects have been how I can assist the company to improve the welfare of our employees, our stockholders, our customers, and our country. "This should be the goal of every business executive. If we do this, improvement of conditions in the rest of the world will naturally follow." Groves said industry has learned that the successful military officer has had many years of experience both in leadership and in the devel opment of leadership among his subordinates. I think that industry has also found that the military officer is versatile and, con trary to public opinion, quite flexible in his approach to new situations. "Above all else the former military leaders as a group have proved to be valuable to their employers." - 'Gen. Groves headed the Manhattan Project from 1942 until Jan. 1, 1957. He was in complete and responsible charge of all phases of the project, including scientific, technical and process devel opment, construction, produc tion, security, military intel ligence of enemy activities, as well as the planning for the use of the bomb. Pay Belter Groves recognized that "in dustry pays better than the military. The salary' differ ences, he said are great, and this is "particularly true for the successful officer of more than 10 years of service." This situation, h e asserted should be corrected. "Military salaries should be high enough," he said, "so that a competent officer anx ious to remain on active duty will not condemn his wife and children to a life of poverty." Gen. Groves said he does not miss military life, for in retiring he "turned over a new leaf." Nevertheless, he added, when he is thrown to gether with military people, as when visiting Washington, "it all comes back very promptly." Great Book Group Planned for Area; Seminar Possible The Great Books Founda tion is interested in forming a discussion group in Medford and possibly a seminar next summer in Ashland, accord ing to W. E. (Gene) Thomas, 41 Ashland ave., Medford. Larry W. Ross, western regional director of the foun dation, is expected to visit here Friday. The foundation, Thomas said, "advances the theory that the person with a thorough classical education knows how to live a better life, to vote more inteligently and to better solve both bus ines and personal problems. The discussion groups, meeting every two weeks with a leader who seeks to encourage discusison of issues brought to light in the assign ed reading, cover in four or more years the outstanding authors of history. Their writings are compil ed into booklets sold at a low price to participants in the course. "It's ray recollection," Thomas said, "that in the past the reading material could be acquired free of charge by those who were unable to pay. No Education Requirements "There is no minimum edu cational requirements to be long to a Great Books group; however, if a person wasn't interested or couldn't under stand literature they obvious ly wouldn't want to be there. "In the past most of the money to forward this group's objectives has been supplied by the Ford Foundation." The project was born at the University of Chicago under former Chancellor , Robert Bountiful Supply Of Mortgage Money In Coming Months Washington-DPD-From two government sources come good tidings for home buyers! A bountiful supply of mort gage money is" expected in the coming months, probably well into next year. Home loan seekers, in short, are not likely to have much difficulty getting financing -although they won't find bor rowing as easy as it was a few months ago when govern ment anti-recession programs were exerting maximum in fluence. This -is the picture as seen by the Commerce and Labor departments' joint construc tion outlook for 1959 and by Commissioner Norman P. Mason of the Federal Hous ing Administration (FHA). To be sure, there is no denying that money in tighter and more expensive than it was. But there is expert opin ion that conditions will not stiffen much more. Maynard Hutchins and Prof. Mortimer J. Adler. The summer seminar at Ashland, according to Thomas, would be compar able to the one at Aspen, Colorado. Prominent men of letters would be invited to speak. Leaders and potential leaders of discussion groups would be given instruction. "If this comes off," Thomas said, "it would be something of interest as well as publicity value to the community." inomas has invited any one interested in further de tails of the program to get in touch with him or with Dr. Thomas Rutter, M.D., 1003 Queen Anne ave. The Commerce-Labor fore cast, for example, predicting record construction outlays in 1959, estimated housing starts would climb to 1,2000,000 non-farm dwelling units, com pared to 1,1700,000 expected for all of 1958. Mason told newsmen that in this view credit would be ample-ample enough to keep housing activity going at the 1958 rate. The FHA chief said that as he saw it, credit had tighten ed in response to uncertainty about the prospects of infla tion. He said that lenders be gan to hold back because they thought prices and interest rates might go up. Why lend today at 5Vi per cent if by waiting you can lend at 6 per cent. In his judgment, Mason continued, the financial mar kets have excessively dis counted inflation prospects. In this respect his thinking matches that of other govern ment officials who have been asserting that inflation fears have no solid basis. When this is realized, he said, there will be some credit easing. SPENDING MONEY Washington (LTD A joint congressional committee re ported . Sunday that the fed eral government would have $147 billion available for spending during the fiscal year ending June 30. The sun shines 61 per cent of the daylight hours in the Lower Rio Grande Valley in Texas. MAIL TRIBUNE, Medford, Oregon, Monday, November 24, 1958 3 FEW REFUGEES RETURN Washington - (LTD - The Senate internal security sub committee has reported that only 5 per cent of the refu gees who fled the Hungarian revolution have returned home despite "persistent and at times even physically ag gressive" Communist propaganda. Emerald is the stone for the 40th wedding anniversary. 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