DE GAULLE AND U. S. STAKE IN FRANCE
Since France's General de Gaulle icily vetoed Britain's
entry into the six-nation Common Market in January alter
nearly 18 months of negotiations and followed up that blow
to our hopes for a great Atlantic trading partnership now
by just as icily blasting the volume of U. S. investments in
France particularly and in Europe generally, fears have
been widespread here about the future of U. S. interests in
Europe.
There is serious talk of impending trade war between us
and the Common Market instead of new unity and healthy
competitiveness, frightening hints of a French rush on our
gold reserves. There has been much worried discussion at
highest levels in government and business of a new Euro
pean "economic nationalism" and French "isolationism" with
de Gaulle leading a defiant drive for an "inward looking"
Europe.
What have we at stake in France-.' What is the story be
hind de Gaulle's "outbursts" against our investments? What
has de Gaulle actually done, what is he likely to do, what
do America's top experts expect? In today's column and
tomorrow's this untold talc, gathered from the most authori
tive sources, will be outlined.
Q. What have we ai stake in France?
A. Plenty. At the end of 1061. latest reporting date, 1.800
private U. S. corporations had S840 million invested in
France, nearly double the total only five years ago. Today,
our total investment in France is estimated at SI billion,
quadruple the amount in 1950. France also is one of our
best export markets.
Direct private investments by U. S. companies in all the
Common Market countries totaled over S3 billion at the end
of 1961. against under S1.7 billion at the close of 1957.
Q. What triggered France's blast against our investments?
A. Our own authorities admit there were two irritating
moves. First, the layoffs last fall by two major U S. com
panies of 1.000 French workers - a move, as one U. S. source
puts it "that the French regard as unforgivable." Second,
the recent acquisition by Chrysler Corp. of control of Simca,
France's third largest auto company. De Gaulle also is dis
turbed about the strong position U. S. companies hold in
France's food and petroleum business. U. S. companies today
control fully 19 per cent of the French oil market.
Q. Why do we want to invest so much in France?
A. She has been considered a prime investment target
for several basic economic-commercial reasons.
The French economy has been expanding at a most dy-
namic rate; in 1962 her growth rate has been estimated at
6.2 per cent, the highest in Europe. Her labor costs are com
paratively reasonable. The individual purchasing power of
the French has been climbing rapidly and private consump
tion jumped more than 10 per cent last year. There has been
a heavy demand for U. S. equipment to modernize large por
tions of French industry. Finally, France's external financial
position today is impressively solid and she has enviable
totals of gold and dollar reserves.
Q. What could France do if she decided to turn on the
screws?
A. She could stop negotiations for cuts in tariffs, reverse
the powerful movement toward freer, bigger trade in the
West. This could badly undermine the economics of the
Western world.
She could put strangling strings on new licenses to foreign
corporations wishing to operate in France. This would virtu
ally end our investments, close a market in which we are so
interested.
She could pass restrictive laws to curtail the future growth
of foreign companies already operating in France. This
would put a lid on U. S. companies new within her borders.
She could demand a controlling French interest In foreign
companies or limit the voting power of foreign capital in
French companies. This would blacken the picture we have
of the French market and the future of the whole Common
Market.
But the evidence is persuasive that there is a vast gap
between what France could do and what she is doing or
intends to do. This report is far more encouraging than most
think and will be submitted tomorrow.
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TEMPTING TOPPING The pretty California port and
sherry twins, Nita and Norma Anderson of Los Angeles,
add a tempting topping to a triple tier of glasses during
a trip to New York for pomotion of the California wine
industry. (UPI)
Primitive Minds Created
Some Beautiful Legends
The early American In
dians knew nothing about
earth-orbiting satellites.
The only pari of celestial
astronomy they were inter
ested in was the light of the
full moon when it bathed the
wilderness with brightness
and extended their day. A
cam pf ire didn't give much
light, but moonlit nights were
good for hunting.
Probably these child - like
people were intrigued by the
twinkle of the stars. The fact
thai they based so many of
their legends on those pin
points of the night sky
proof positive they did gaze
with awe on the star-studded
heavens.
To the primitive mind, nat
ural phenomena became as
sociated with the unknown;
therefore, nature was con
trolled by spirits. Those sim
ple people were savages be
lieving In silly myths, but
they had the imagined idea
that favoring certain spirits
would result in rewards. At
the same time they created
some really beautiful legends
. . . some almost poetical.
Possessions Buried
Believing that the soul of
the departed went to the
"happy hunting g r o u n d,"
where game and fish were al
ways plentiful and easily pro
cured, they buried their dead
with all his worldly posses
sions by his side: his bow and
arrows, cooking utensils, his
softest moccasin-those which
carried him in life noiselessly
through the forest - his beads
and ornaments, and all the
things he would want and
need in the hereafter.
Even some of his favorite
food was included to nourish
Better Aluminum
Prices Expected
Pittsburgh -JUPli- The selec
tive price increases in the
steel industry "will psycho
logically be a plus factor in
favor of better prices" in the
aluminum industry, top offi
cials of the Aluminum Co. of
America hinted Thursday.
The mbject of prices was
brought up at the annual
stockholders' meeting and
during a subsequent press
conference.
"This cost-price squeeze re
mains the single most pressing
problem facing the U.S. alumi
num industry." said Alcoa
Chairman Frank L Magce.
"An adequate return on in
vestment is a fundamental
requirement for the future
growth of the aluminum in
dustry, as well as our eco
nomic system.
"This means there must be
a more realistic relationship
between prices and costs."
Womon Arresfed For
Obstructing Firemen
Mrs. Myrtle Wilma Pierce,
59. of 540 South Fir ft., was
. arrested by Mcdford police on
i charges of obstructing fire
men from carrying out their
, duties during a flue fire at
her home early Saturday
morning.
Police took her into cus
tody while firemen removed
wood from a stove and extin
guished the fire Mrs. Pierce
; was reported released on bail. I
MEDFOHD
Small Worlds
Around Us
By LYNN M. W ATKINS
(Register and Tribune
Syndicite, 1963)
him on his long journey. The
spirit, they believed, should
be well nourished so that he
would arrive in the "happy
hunting ground" in strong,
healthy condition.
Those he left behind who
still walked the forest trails
looked up into the night sky
observed the Milky Way and
imagined the spirit of the de
parted was ascending that
luminous stairway of twink
ling stars. Those stars may
have been campfircs which
lighted the way and guided
the lone traveler on his long,
one-way passage to the great
beyond.
Cried for Food
During the time of famine
or the "hunger moon," when
game was scarce, the world
was covered with snow and
the cold was intense, the In
dian stomach cried for food.
The "frost spirit" held their
world in a cold, merciless
grip.
The "spirits," both good
and evil, which dwelt in the
savage mind were just as real
to them as our heros are to
us. Today, in this enlightened
world, we view with pity -sqmetimcs
scorn - the stupid
beliefs of a people who wor
shiped trees or believed in
"spirits" that occupied the
waters or walked the sky. We
moderns of today are much
more sophisticated - we wor
ship machines.
Mysterious Force
The wind, loo. was a mys
terious force that came from
nowhere and apparently went
back the way it came. It was
a presence, a something that
pressed against them, that
rustled the leaves of the for
est. But it couldn't be seen;
it had no rubsiancc.
The wind was changeable
spirit, always undecided as to
which direction it was going.
Its velocity indicated just how
the tree-spirit felt - gentle,
warm, cold or violent. So it,
too, must be a spirit.
When the lightning came,
ripping the sky apart and fol
lowed by the boom of thunder
that s-hook the forest as by a
mighty hand, the primitive
thought the "spirits" were
displeased. The Indian waited
in fear, hoping the sun - the
"goddess with the golden
hair" - would soon come to
dispel the darkness and ap
pease the "storm spirit."
'.-
JCF
Jackson County Federal
Savings and Loan Assn.
Homo Office 2 E. Main, Medford
Ashland Branch-337 E. Main, Ashland
MAIL TRIBUNE. MEDFORD.
Nature Unfair to
Elderly Women,
Doctor Maintains
By DELOS SMITH
UPI Science Editor
New York-'UPMt is the con
tention of Dr. Robert A. Wil
son, a veteran woman's doc
tor, that na
ture is unfair
to elderly
women but
that medical
science can do
s o m e t h ing
about it. Na
ture "dese.xes"
woman when
she approach-
Dcloi smith es her 50s and
thereafter she declines rapid
ly mentally and physically
even though she may live to
be a hundred, in his view.
Nature does no such deterio
rating thing to man, although
it usually kills him sooner.
"Our streets abound with
them, elderly women, walking
stiffly in twos and three, see
ing little and observing less,"
he said. "It is not unusual to
see an erect man of 75 vigor
ously striding along on the
golf course, but never a wom
an of this age."
The young girl is "essen
tially of neuter gender." With
puberty her body chemistry
is flooded with the hormones
of femininity and they make
her a woman. At the meno
pause, the "change of life,"
estrogens production is
abruptly curtailed. She re
turns to essential "neuter
gender."
Men Fade Gradually
"There is variation in de
gree but not in fact," con
tinued Wilson. "Men do not
live as long as the so-called
weaker sex. However, they
age, if free from serious dis
ease, in a proportional man
ner. The gonads fade gradu
ally, but there is no sudden
shutdown."
Because these gonad hor
mones are responsible for
conspicuous sex characteris
tics, the layman thinks of
them as "sex hormones." Bio
chemistry knows, however,
that they play important parts
in the chemical processes
which maintain whole body
functional efficiency.
Wilson said that in the
csuogen-siarvca e l a e r 1 y
women, muscle cells lose their
strength, there is a loss in
weight, energy and height, ar
teries "harden" at a greatly
Javits Proposes
New Labor Laws
Washington - IUPII - Sen.
Jacob K. Javits (R-N Y.) pro
posed Thursday that the Pres
ident be given new laws to
deal with labor disputes in
which the national interest is
"dangerously jeopardized."
Javits announced that he
was introducing proposed
amendments to the Taft-Hartley
Act to authorize the Presi
dent to:
-Appoint a board of inquiry
which could, for the first
time, make recommendations
for a settlement. It also would
report on the facts in the dis
pute. -Order a 30-day freeze dur
ing which both sides would be
"under a duty to bargain"
upon the recommendations.
although neither party would
be required to accept them.
-Seek federal court ap
pointment of a special re
ceiver to operate any struck
facilities which the court felt
were needed lo protect the
national health or safety.
BOLT HITS PLANE
Norfolk, Va. -(UPD- A Na
tional Airlines plane carryin
44 persons was struck
damaged by lightning Wednes
day but landed safely here
for repairs. The bolt of light
ning struck the prop-jet Elcc
tra's plastic radar nose dome,
according to a spokesman for
the Federal Aviation Agency.
Damage was "very minor," he
said, and amounted to re
placement of a plastic radar
cover.
Visit Your
LIBRARY
your minds
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OREGON
accelerated rate, she is made
susceptible to mounting blood
pressure, and her bones be
come progressively more brit
tle. Note Mantel Effects
And there are mental ef
fects. "A large percentage of
women who escape severe de
pression acquire a cow-like
feeling called a 'negative
state'," he said. "It is a
strange misery. Such people
react poorly to pleasant stimu
li, yet do not sink to great
depths of depression. The
world appears as through a
gray veil, and they live as
docile harmless creatures
missing most of life's values."
Wilson wishes medical sci
ence to apply "replacement
therapy" to those elderly
women who are markedly de
clining, that is, give them syn
thetic estrogens to replace
those which their gonad
glands are no longer produc
ing. He is devoting himself to
persuading other gynecolo
gists to accept this view. At
present and generally speak
ing, synthetic estrogens are
administered to elderly worn
en with caution. Wilson re
cently rebutted at length in
the journal of the American
Medical Association a com
mon medical suspicion that
they might somehow cause
cancer.
mk. .,e.o
i1 . fit " ' IrfrV-XV
How often have you said to yourself: "It's
hard enough to meet expenses let alone
jave money!"
You can do both within your income
claim John and Alice Haherty, well
l known writers, lecturers and counselors on
family money management. Their princi
ples of spending-and-saving, together with
dozens of practical tips, have been com
piled in a booklet, "How to Make the Most
of Your f amily's Income" and it's yours
for the asking from New York Life.
"Pay Yovndf Pint" h the Key. There's
no "trick" to proper money managing. Ihe
authors point out, but there are several
fundamentals. First, "it is important that
you develop a sense of appreciation for
your own income level." In addition, you
oust calculate on the basis of net income,
Measures Passed
Salem - illPt - Measures ap
proved Saturday by the
House:
HB1229-Local budget law.
HB1569 - Letting 5 of 6
member jury return verdict.
HB1557-Judicial review of
administrative proceedings.
HB1682, 1683. 1684-Relai-ing
to water resources and
water resources board.
HB1736 - Interest earned
on county funds.
HB175S - Domestic water
supply corporations.
HB1791 - Letting junior
high or high school student
stay in same school despite
reorganization.
SJM4 - Urging speedup In
funds for water pollution
center staff and program.
SB26 - Court investigations
concerning children.
SB47 - Letting state health
officer shut down farm labor
camp in certain cases.
SB130 - Appointment of
juvenile department director.
SB140 - Repayment of ex
penses for persons displaced
by highways.
SB162 - Adoption proceed
ings. SB214 - Change of official
title.
SB259 - Strengthening anti
pollution law.
LETTER FROM TITO
Washington OTPI) President
Kennedy has received a per
sonal letter from Yugoslavia's
President Tito. Yugoslav Am
bassador Veljo Misunovic,
who delivered the message
Thursday, said it dealt with
questions of U.S - Yugoslav re
lations. He gave no other details.
Can't live on a budget?
anu mu, c u a rule to "pay yourself first";
thai is, include a specified amount of sav
ings, no nutter how small, among your
regular expenses.
It Takes Planning.Not Depriving. Tohelp
you start, the authors oiler a guide, involv
ing simple arithmetic, that shows how to
"calendaric" expenses systematically, re
gardless of your income range. However,
this plan is not a "tighten your belt" sys
tem, but includes such items as entertain
ment, gifts, vacations, as well as necessities.
It is not Ihe authors' intention to lead
you into a rigid system. Instead, their book
let helps you double-check where your
money has been going and plan better for
the future. Their experience and sdvke
should prove most valuable to your family.
Helpful Adlce Yeors Free. Ask any
MONDAY. APRIL
By Oregon House
SB261 -New plumbing
code provisions.
SB312 - Banks and trust
companies.
SB356 - Keeping and up
dating railroad full crew
law.
SB415 - Exempting from
taxation money paid for loss
es lo Japanese-Americans for
relocation.
GOLDWATER PICKED
Portland -lUPD- Sen. Barry
Goldwater (R-Arii.) was en
dorsed Saturday as the 1984
Republican presidential can
didate by the party affairs
committee of the Oregon
Young Republican College
league.
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A 1
Bobby Kennedy as
Vice President Seen
Washington -WIU Sen. Mar
garet Chase Smith (R-Maine)
said Sunday she thought
President Kennedy would
rather have his brother Rob
ert as his running mate in
1984 instead of Vice Presi
dent Lyndon B. Johnson.
Mrs. Smith said that she
believed the President would
dump Johnson "if he was
fully confident of winning"
without him, and run Robert
to build him up for 1968.
However, she said, "I don't
think that Jack Kennedy is
strong enough to dump him
as yet. I think he needs Lyn
don Johnson to carry the
South."
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