MAIL TRIBUNE, Medford. Oregon, Monday, December 29, 1938
I 5
Mandatory Controls Against
Oil Industry Claimed Nearing
KNEELING OUTSIDE CELLS, prisoners in Rome's
Regina Coeli Jail applaud Pope John XXIII as he person
ally brings spirit of Christmas to inmates. Visit revived
custom of Pope Pius IX, who called at prison every
Christmas during his pontificate from 1846 to 1878.
Quotes From the News
By UNITED PRESS INTERNATIONAL
Paris-Gen. Charles de Gaulle, announcing an austerity
program designed to improve France's financial status:
"We have decided, and tomorrow (Monday) we will put
into effect, a whole series of financial, economic .and social
measures which will put the nation on a basis of truth and
verity, the only basis which can permit it to build up its
prosperity.
Washington-Dr. Benjamin Karpman, chief psychothera
pist at St. Elizabeth's hospital, on the repression of sexual
drives in the United States:
"Our society is suffering from an overwhelmingly impos
sible repression of sex. We stilt don't know how to raise chil
dren sexually. Sexual repression is the root of a great deal
of evil."
Fleetwood, England-Fisherman James Stansfield, on his
rescue of a 3-year-old boy by hooking the child's shirt with a
20-yard cast: .
"The boy was floating face down past me about 20 yards
away. I missed him on my first cast, but managed to get him
on the second before he was out of range."
Edinburgh, Scotland-James Bone, a member of the coun
cil at Lamlash on Arran island, on the plans of Stewart Hus
ton of Coatesville, Pa., to change the name of a tiny Scottish
island he owns:
"Surely an American can't wipe out one of the most fa
mous spots on the Clyde with one wave of his hand."
OMWMMpWvfyjj nHliiii gs'v .
ARRIVING IN HONG KONG escorted by British police
man, Richard G. Corden (right), East Providence, R. I.,
tenth of 21 American turncoats captured by Chinese
Communists in Korean War, starts journey back to United
States. He was U. S. Army sergeant when captured.
Currency Reform
Seen Stimulant
For U.S. Trade
Washlngton-flJPD-U.S. offic
lals predicted today that the
currency reforms ordered by
Western European Nations
will stimulate American trade
abroad and strengthen the
economy of Europe.
The action taken by Brit
ain ano? 10 other European na
tions in easing monetary re
strictions was praised by the
international monetary fund,
the State Department and
members of Congress.
One source explained that
the move will allow buyers
to acquire dollars to pay for
U. S. goods without paying a
discount previously required
for converting foreign curren
cies into dollars.
Major Forward Step
This source described the
action as a major forward
step toward freer world trade
and predicted that other re
strictions on trade will be
eased within the next year.
The United States has suf
fered two major disadvan
tages in trade since World
War II-the foreign currency
exchange barriers and foreign
licensing of U.S. imports, he
said.
With the removal of the
currency restrictions, he ad
ded, the next major goal is -a
revision of what he called dis
criminatory quotas imposed
on American imports.
Sens. Mike Mansfield (D-
New Parents Greet
Korean Orphans
Portland - (UPD - New foster
parents from 22 states were
on hand at Portland Interna
tional Airport Saturday to
pick up Korean orphans they
have adopted from the latest
Harry Holt waif airlift.
The 107 Americans, of
American - Korean parentage,
all arrived in good health
aboard a Super Constellation
from Seoul.
The orphans that arrived
Saturday boosted the total
number of Korean waifs
brought to the United States
by Holt, a Creswell, Ore.,
farmer, to 1,176.
THANK YOU
Blackpool, England (UPD
The Welcome In was robbed
Sunday of $896 by a thief
who did not come in. He
forced an office window, then
reached in and grabbed the
cash box.
Mont.) and John J. Sparkman
(D-Ala.) joined in hailing the
European move as a good eco
nomic omen and a trend
toward freer trade.
Mansfield, a member of the
Senate Foreign Relations
Committee, said "it's a move
in the right direction and
should bring about a better
relationship with our allies."
Sparkman, a member of
both the Foreign Relations
and Banking committees, said
the net result "should be to
stimulate our own trade" and
"give greater stability to the
softer currencies of Europe."
By ELMER C. WALZER
UPI Financial Editor
New York -(UPD- Mandatory
controls against the oil indus
try are lurking just around
0-piaeam the corner,
says the in"
v e s t iii c ii i
banking firm
of Courts and
t!t ' Company, also
in c in uci a ui
the New York
Stock Ex
change. This
firm finds the
Elmer Walzer U.S. Oil mar
ket being sealed off from the
rest of tne world-first by in
formal agreement and now
by government-sponsored vol
untary regulation.
"Waiting just around the
corner are mandatory con
trols," it concludes.
"The reason is clear
enough," the firm says. "Oil
that would fetch perhaps
$2.50 a barrel in a free mar
ket costs $3 to refiners who
must buy it in the govern
mentally protected domestic
crude oil markets.
Crude Producers Benefit
"Caught in the resulting
squeeze are- those seaboard
oil refiners who lack suffi
cient domestic crude produc
tion to become major benefi
ciaries of a protectionist oil
policy and who also lack large
enough import quotas to
maintain competitive cost
structures in markets geared
to world oil instead of do
mestic." The bank holds that the
principal beneficiaries of the
protectionist oil policy are
those who have done the least
to build the oil market in
the United States-the crude
producers.
"The crude production defi
cit seaboard refiners," it adds,
"thus have a very strong
moral case and a very weak
political one. In this connec
tion it can be noted that there
are fewer registered voters
on the combined boards of
directors of the seaboard re
finers than in any of the
Texas counties whose resi
dents receive royalty pay
ments based on the domestic
price of crude oil.'
The Profit Squeeze
Courts and Company finds
two primary causes for the
profit squeeze on the domes
tic crude production deficit
seaboard refiners:
"1. The proration system
which forces them to buy oil
from crude producers on bal
ance although their own wells
are partially shut in.
"2. The import quota which
forces them to buy domestic
oil although they can import
it at a lower cost. Both of
these causes are essentially
political, not economic."
The firm ,noids that one
likely result' is that the fed
eral government will not per
mit a level of oil imports
which may depress domestic
prices
Despite the difficulties, the
Horse Killed When
Struck by Automobile
Rogue River-A horse own
ed by Carolyn Riogosa, route
1, box 162, Rogue River, was
killed about 6:45 p.m. Sun
day when struck by a car
driven by Mary Margaret
Lehman, route 1, box 162
Rogue River, according to in
vestigating state police offi
cers.
The Lehman sedan was trav
elling west on Evans Creek
rd. when the horse ran across
the road into its path, offi
cers reported.
v t In hi
SUFFERING FRACTURED ARM, head cuts in New
York taxicab accident, Bishop G. Bromley Oxnam, 67,
top-ranking official in Methodist Church, has pulse taken
by Nurse Jane Caffrey at Roosevelt Hospital. Bishop and
Mrs. Oxnam came from Washington, D. C, to visit son.
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company believes "logic and
reason will ultimately prevail
to make the best of an other
wise intolerable situation."
It looks for an auctioning
of import quotas by the gov
ernment to the highest bidder.
Maxwell Requests
Board Hearing
Portland - (UPD - Floyd Max
well, who was recently dis
charged as managing director
of the Oregon Centennial
Commission, said Sunday he
has asked for a hearing before
the next regularly scheduled
meeting of the Commission
Jan. 12.
He said that four commis
sion members forced his re
moval at a meeting with only
six of the nine members of
the commission present.
Maxwell said he was re
fused the right to either hear
the charge againt him or to
defend himself prior to the
firing.
NAMED TO BOARD
New York-(t!PD-Arlhur F.
Burns, chairman of President
Eisenhower's Council of Eco
nomic Advisers from 1953 to
1956, has been named to the
board of trustees of the Twen
tieth Century Fund.
i iw
STARRING AT CHRISTMAS, Tami Dianne Calhoun was
born December 25 to film star Rory Calhoun's wife,
Actress Lita Baron in Santa Monica, Calif., hospital.
Retired Journal Editor Succumbs
Portland -(UPD- Fred H. Mc
Neil, 65, who retired last
March as executive news edi
tor of the Oregon Journal,
died Sunday at the Univer
sity of Oregon medical school
hospital. He had suffered a
stroke Dec. 10.
McNeil's newspaper career
covered nearly half a cen
tury. He was born in Illinois
and worked on his first news
paper there. He joined the
Journal in 1912, served over
seas in World War I and lat
er was editor of The Dalles
Chronicle. He rejoined the
Journal in 1920.
McNeil loved the outdoors
and for five years headed the
Pacific Northwest Ski associ
ation. He was vice-president
of the National Ski associa
tion. . He was author of the book
"Wy'east the Mountain," pub
lished in 1937 and recognized
as the standard reference
work on Mt. Hood.
Survivors include his wife,
Abby, his son Malcolm and
a daughter, Judith.
The League of Nations was
founded Jan. 10, 1920, and
dissolved Jan. 10, 1946.
Police Subdue
Fighting Actor
Hollywood -(UPD- Actor Dan
Dailey, 45, had a ground-rolling
tussle with two police
men that ended with the
lanky hoofer being handcuff
ed, officers said today.
He was due in nearby Van
Nuys municipal court later
today for arraignment on a
drunk driving charge.
Dailey and his wife, Gwen,
31, the former wife of actor
Donald O'Connor, had a few
drinks with bandleader Louis
Prima and his wife Keely
Smith, shortly before Dailey's
car smashed into the rear of
another car in a thick fog
early Sunday, he told officers.
Mrs. Dailey was "loud,
boisterous, profane and abu
sive," officers said.
"She was warned to hold
her voice down," they report
ed. "We were aware she also
had been drinking and we ad
vised her not to try to make
things worse than they were."
She was not held.
REAL STINKER
San Francisco -(UPD -Joseph
M. Maring reported to police
Sunday that a woman he met
in a tavern walked off with
his pet skunk when he wasn't
looking.
ITALIAN SINGER DIES
Milan, Italy-OJPD-Gino Gran
zi, 74, a widely-known singer
in Italian cafe society in the
1920s, died Saturday.
Eugene Restaurant
Damaged by Flames
Eugene (UPD A two-alarm
fire here Sunday night caused
"several thousand" dollars
damage to Ware's restaurant.
The fire broke out about
10 p.m. in the basement where
restaurant supplies were kept.
Fire Chief E. L. Smith said
there was damage to the
floors and severe smoke' dam
age to the main dining room.
Cause of the fire was undetermined.
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Central Point
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Frank Wilkinson, Mgr.
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