MIPS
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Medford
Tribune
2n SEaiON
MEDFORD, OREGON, WEDNESDAY, SEPTEMBER 23, 1959
Pages 1-6
Spain In 'Midst off
Economic Stability
Fight To Attain
ffor (PoDStocaD IPeace
Editor's note: This is the second
of four dispatches reporting on
Spain ' today its world role and
its domestic situation.
By HENRY F. SCHULTE
UPI Correspondent
Madrid (DPD Spain is in
the midst of one of the most
crucial periods in its post
Civil War history a "make-or-break"
fight for economic
stability.
Success of its new and am
bitious plan for overhauling
the nation's economy could
spell years of political peace,
failure could plunge the
country into political and
economic chaos.
Sometime within the next
18 months, the success or fail
ure of the battle ill become
apparent, according to for
eign and Spanish economic
experts, including the nation's
farsighted Commerce Minis
ter Alberto ,Ullastres.
Wait and See Attitude
Most of them have adopted
a "wait-and-see" attitude
when it comes to predicting
whether the economic over
haul, begun in mid-July, will
be a success. But all agree
that it started well.
On July 20, the government
announced the first step in a
program aimed at bolstering
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BENDING OYER MELON, Soviet Premier Nikita Khru
shchev gives undivided attention to luncheon at National
Press Club, Washington, before addressing gathering.
FroEDe (Ordered Dnto
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Washington (DPD - House in
vestigators are looking into
charges' that big food buyers
operating out of San Fran
cisco have forced West Coast
canners to sell fruits and vege
tables to 10 large food chains
at artif icially low prices.
A five-man House subcom
mittee has announced it had
subpoenaed the West Coast
food-buying records of the
chains and the country's larg
est food wholesaler. ;
The subpoenas directed offi
cials in charge of food buying
offices operated by 13 differ
ent, companies in the San
Francisco area to appear with
their records before, the House
' small business subcommittee
at public hearings in San
; Francisco Oct. 8 and 9. -.1 . -
The subcommittee, headed
by Rep. James Roosevelt CD
Calif.), is studying the? eco
nomic plight of small compa
nies engaged in food distribu
tion. ; ' ,
Those subpoenaed included
buyers for Atlantic and Pacif
ic Tea Co., Safeway Stores,
Inc., and The Kroger Co.,
three chains which together
operate about 9,000 retail
stores throughout the country.
Also subpoenaed were buyers
for the National Tea. First
National, Winn-Dixie, Ameri
can Stores, Grand Union Co.,
Colonial Stores and Food Fair
Stores. - " ;
In addition, the subcommit
tee subpoenaed records of the
Sah Francisco offices of Con
solidated Foods Inc., described
as the largest wholesale gro
cer in the country, Topco , As
sociates, Inc., and Regent Food
Co. . '
Fraternity Members
Expelled at USC
Los Angeles (DPD - Some
Kappa Sigma Fraternity mem
bers have been expelled from
the University of Southern
California as a result of last
week's hazing accident which
claimed the life of Richard
Swanson, 21.
...USC President Dr. Norman
Topping also announced that
other members of the local
fraternity chapter -who were
present at the initiation have
been placed on disciplinary
probation. He refused to name
those involved or their num
ber. 1
. Swanson choked to death
when a quarter-pound piece
of raw liver he was ordered
to swallow lodged in his
throat. . About 50 fraternity
members were present at the
rites Thursday, but allegedly
refused to tell ambulance at
tendants what had happened.
Police said Swanson's life
might have been saved if at
tendants had known the meat
was lodged in his throat.
a sadly sagging economy. It
devalued the peseta from 42
to the dollar to "60. The same
day, Spain was admitted into
the - Organization for Euro
pean Economic Cooperation
and became eligible for loans
from international and pri
vate organizations totalling
about 400 million dollars.
By the end of July, Spain
had come up with a program
that foreign experts here said
was "much more specific,
simpler, more direct and fast
er than anyone had antici
pated." To all appearances, the
country settled down to its
economic house cleaning with
unexpected seriousness.
Restrictions Relaxed
In quick succession: .
, -It relaxed restrictions on
foreign investments, increas
ing foreign participation
rights in Spanish companies
from 25 to 50 per cent.
-It wiped out. many taxes
that previously had tied up
its import-export traffic in
red tape and approved a long
list of commodities that could
come into the natior without
any duties.
-It made it clear to the av
erage Spaniard that the next
months would mean belt
tightening. -
, The government boosted
the price of tobacco by as
much as 37.5 per cent. The na
tion's most popular brand
went up from eight to 11 pes
etas. . (From 13 to 19 cents
Idaho Girl Found
In Wrecked Auto
After Eight Hours
Nampa, Idaho (DPD - An in
jured girl lay in the wreckage
of her car for more than eight
hours Tuesday before search
parties found her.
The girl, Karen Toolson,
N a m p a,'was Ydriving home
from a friend's house about
midnight when her car appar
ently missed a hillside curve
on Sanitarium rd. about a half
mile north of the Nampa State
school.
Went Over Fence
The automobile went over
the top of a fence and smash
ed into a tree in the field be
low. Motorists who passed by
the scene later apparently
were not alarmed about the
wreckage - thinking possibly
it was an old wreck because
the gate to the field was closed
and the fence undamaged.
Both Arms Broken .
The front end of the car
was wrapped around a tree
and the girl could not get out.
She had two broken arms, fa
cial cuts and a possible broken
right hip.
Miss Toolson's parents, Mr.
and Mrs. Grant Toolson, noti
fied authorities about 4 a.m.
that she was missing.
Wreck Mentioned
But neither a ground nor
an air search for her had any
success until an unidentified
Nampa man mentioned over
coffee in downtown Nampa
about 9 a.m. that he' had seen
a wrecked car near the Nam
pa. State school. He notified
police about it at a friend's
suggestion. "
Police and sheriff's officers
had to pry the girl out of the
car. They took her to a hospi
tal here. :
at the new rate of exchange.)
At the same time, it hiked
the cost of gasoline by 40 per
cent, presumably to cut de
mand tir cars and the use of
gas, an import that had prov
ed a severe drain on the coun
try's small supply of exchange
currencies.
. The cost of telegrams, tele
pone services and rail travel
also went up. There was talk
that municipal transportation
fares, subways and- buses,
would be boosted and there
were rumors of impending re
laxation of the ration's con
trolled rents.
The average Spaniard, who
had hailed the mid-July an
nouncement of foreign aid as
a sign that "we'll all be rich,"
began to grumble.
To Avoid Increase -
Then Ullastres,- who had
helped to engineer the aid
overhaul program, spoke out
reassuringly. He told a press
conference, "We do not be
lieve there will be a large
general rise in prices.
"Perhaps small ones in
some areas, but the mechan
ics of th plan have been spe
cifically set up in order to
avoid a cost of living iricrease.
In fact, there should be a drop
in prices in many areas.".
Economic observers here
are aware "of the awesome dis
tance Spain has to travel. Its
foreign currency reserves
early this year sank to below
100 million dollars. Its gold
reserves were down to a mere
57 millions.
Imports, which in 1958 to
talled 849 million dollars
were almost twice exports.
Last year the government was
left with a trade deficit of
363 million dollars.
The nation's agricultural
program, which accounts for
about 70 per cent of its ex
ports, was stagnant. While the
national index of . industrial
production rose from 138 in
1954 to 191 in 1958, agricul
tural production rose only
from 131 tp 434 in the same
period-, , . ..:.iL.
Trade Balance Seen - - v.
So the question is whether
the - governments - program,
aidd by foreign loans, will
be able to alter the picture. ;
As one foreign economic ex
pert here put. it: "Spain can
do it if it doesn't drag its
feet." The program is fine. It
depends" on how it is carried
out."
Foreign experts believe that
the aid promised from abroad
will b enough to allow the
nation to cut imports and
boost exports until the bal
ance of trade is favorable.
If that can be achieved,
they say, then Spain will
have taken a major step to
ward emerging from the eco
nomic wilderness in which it
it had been left by its Civil
War and the subsequent pe
riod of diplomatic isolation.
Next: Franco's future.)
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