Thursday. April 23, 1959
if
Humphrey Story
Error Misleading
The story about Sen. Hum
phrey (D-Minn.) on Page 4 of
yesterday's Mail Tribune con
tained a "typographical error
that caused an inadvertenj
misrepresentation of his views
on the Tibet crisis.
According to the incorrect
version, Humphrey said the
United States "should offer
resistance to the refugees flee
ing Red rule." -The word
should be "assistance," not
"resistance."
In the Day's Hews
By FRANK JENKINS
National economics:
Senator William Proxmire
of Wisconsin asks the U. S.
senate to investigate the ef
fects of expanding American
investments overseas. He says
recent reports indicate heavy
and substantially increasing
purchases by American com
panies of foreign plants.
He sayi these foreign U. S.
Investments are costing us
INDUSTRIAL JOBS and are
cutting a terrible swath id
America's export market.
I17HAT he means is that
American business con
cerns are finding they can
PRODUCE CHEAPER
ABROAD than they can pro
duce at home. So they are
buying foreign plants. In
these foreign plants, their
costs are enough lower to en
able them to UNDERSELL
goods produced in American
plants. So, as Senator Prox
mire says, they are cutting in
to America's foreign trade.
That isn't all. . They can
produce enough more cheaply
in these foreign plants to en
able them to INVADE THE
AMERICAN MARKET with
goods PRODUCED ABROAD.
Foreign -built automobiles
provide a well-known ex
ample of what is happening
i
11HAT the Wisconsin sen-
" ator Is saying in that the
United States is approaching
a danger point. Because of
steadily rising American
prices, we are nearing the
point at which we could price
ourselves out of some very
desirable markets.
We can't afford to price
ourselves out of markets. But
if American prices keep on
going up in relation to foreign
prices, that is exactly what is
going to happen. If it does
happen, a lot of Americans
are going to be deprived of
jobs.
i
AT THIS point, let's quote
another senator - Oregon's
Senator Neuberger. He says
that in February of this year
insured unemployment f or
the nation as a whole was 5.7
per cent while in Oregon 9
per cent of covered workers
were out of work. In March,
he says, the national figure
was 4.8 per cent while in
Oregon it was 6.3 per cent
and only six other states
had a higher rate.
As a remedy, he proposes
a federal commission on un
employment problems. H e
adds: "Because I believe that
Oregon has borne more heav
ily than many other states the
weight of the recession and
, the job losses which it entail
ed, I hope that the commis
sion, when established, will
hold hearings in my state in
its efforts to discover, chron
icle and solve problems of
unemployment."
I HAVE, great respect for
Senator Neuberger's sin
cerity. But I doubt if an in
vestigation by a federal com
mission would go very far to
ward the solution of Oregon's
problems.
What Oregon needs is more
industrial development. We i
must have more industrial
plants to provide more jobs.
If we are to get more indus
trial plants to provide more
jobs - we must provide an
industrial climate that will be
favorable to the expansion of
industry in Oregon so that
industrialists will be attract
ed to Oregon as a profitable
location in which to operate.
Federal investigating com
missions merely talk. We've
had plenty of talk in Oregon.
We need ACTION.
Arsonist's Insanity
Plea Turned Down
Portland - (UPD - A Circuit
Court jury Wednesday reject
ed the insanity plea of Dar
rell James Roesbery and found
him guilty of arson in the first
degree.
The 32-year-old tire repair
man faces a maximum sen
tence of 20 years in prison.
He had confessed to setting
more than 23 fires in Portland
last summer which resulted in
about $200,000 damage.
Bosbury, England (IJPD Mr.
pn.d Mrs. S. W. Presley have
a new baby. They have named
h" . Elvis. Mrs. Presley said,
"He has a good strong pair of
lungs already."
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