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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (June 28, 1954)
PAGE SIXTEEN HERALD AND NEWS, KLAMATH FALLS. OREGON MONDAY, JtTNJ! 2B, MM Japan Premier Works Hard To Halt Slipping economy n nu Rl f KKR TOKYO W Japan In ui past three months has slammed the brakes on the downhill plunge to ward bankruptcy and social chaos. The long skid toward disaster has not stopped lor the nation Which President Elsenhower this week called the "Key to Uie de fense" ol the Western Paclllc. Hut Uie pace ol the skid has slowed. If the drivers keep their nerve and the nation stands the strain they may get Japan's careening economy under control and avoid the twin catastrophes of runaway inflation and a billion dollar for eign trade deficit. . The hands at the controls be long to hard-bitten Prime Minister Shlgeru Yoshlda and his conserva-tlve-ininded Liberal party. Already government economists see a little Elsenhower In a speech to the National Editorial Assn. said Ja pan must have help and the chance to trade If It is to oe Kepi om of Red hands. Japan Is trying to help itself with n austerity" program. in the past three months Japan, Oregonians Visit Cordon WASHINGTON Around the of fice of Senator Guy Cordon the .,.& Abu (k. lmm-iu!nn pnt around that .Oregonians were com ing to Wasnington oy way 01 we Detroit automotive industry. At first, it didnt seem particu larly unusual wnen Herman Jochimsen, the Salem druggist, dropped by the Cordon office with ki. ihaiNu1 .I'i f nnri thliA red- ilia inrunMtu ...... haired daughters. Sally, Sandra and Suzanne, and annonuncea ne mo first stopped in Detroit to buy an automobile. It wasn't more than coincidence a few minutes later when Robert 0 oaiiAMnn fir a nt a Paw resident and Clendale sawmill company partner, came m wnu aa i ... ,4,j,,cyMre Je&nnie and Patsy, and advised he too had bought an automobile in Detroit. The long arm of coincidence be gan to stretch an hour or so later when Paul Angstead, Klamath Falls teacher, came in with his - wife and two daugnters, -may ana Kay, and reported he likewise was 'a Detroit purchaser. Angstead was attending a convention here. The final touch was when Ed win Norbeck of Mllwaukie arrived with his wife and two children, Janice and Edwin Jr., and re vealed he too was the proud pos sessor of a new automobile pur chased In Detroit. Senator Cordon, whose duties in Washington have been so 'pressing . v. . ii't on tn Detroit if he wanted to, rejoiced with all his constituents, and had them as his guests in the Senate galleries. BORDER CLASH JERUSALEM OB A Jordan broadcast heard here Monday aid a "great force" of Israeli soldiers armed with mortars crossed the Israeli-Jordan border near KalkUyeh Sunday night and attacked an Arab Legion base. It said four legionnaires were killed and several injured. DEATH HEW DELHI OB A member of the Austrian Himalayan expedi tion died May 31 of pneumonia contracted while climbing Salpal mountain, in the Karakorum range of the Himalayas, the Austrian le gation here announced Monday. The legation identified the climb er as Karl Reiss, 29, pf Vienna. ...t,lAh mud IrnriN irt live. tlAS be gun to sell more abroad while hold ing down on things u ouys. it the first trade upturn lor Japan in years. a. - Hciilt cHaW. businesses are .t.hiinf iwi ih mm iii the street is finding it harder to make ends meet. But Wo government uisisis "austerity" Is the only way to pull this teeming Island empire back tram the brink of disaster. nMe u .innn' ecnnomlc nrob- lem: n is During prwutu., uiwuj raw materials for factories and lood for Uie people, from other countries at uie raie oi w.ouu.uvu,- wyi m vk.... ... s abroad only about 1, 200,000,000 a year. U. S. milltarv spending here nrnnnlt In ahnnL 10 million dol i.m m voir hut this Is dwindlUlff since uie truce in uie xvuretui .. Now Japan has only 800 million dollars in toreign currency In re serve to ouy uie wings sue uncus from abroad. To halt the alarming drain, the government iirst ucxiea uuiauuu Hi, rwlirn- th huricet and the supply of credit. This will help In crease exports by cutting prices of things Japan sens. It also helps to cut Imports by tv.in- from circulation the money people would use to buy luxury goods. We have not tried hard enough to sell our products overseas," says Nobuhlko Ushiba, chief of the Trade Bureau of the Trade Minis try. . First to be cut were imports oi luxury items. The streets of Tokyo are crammed with sleek, new ex pensive American automobiles. This prosperous facade covered a crumbling economy. While some O. S. observers call the government program "too lit tle and very late," Ushiba said that "we have stabilized our im ports at around the two billion dol lar annual level." "We must now strive lor exports at the two billion dollar level in the next few years," he added. That goal is not regarded as im possible since it wouia oe out eu per cent of Japan's prewar trade Government economists, archi tects of the "austerity" program see an increase in unemployment and propose a social security pro gram of unemployment insurance and the like to ward off unrest. Eisenhower said Japan also must be allowed to trade with Red China its ancient market. But govern ment economists believe this trade would be only a fraction of Japan's total even If all restrlcuons are lifted. Instead Japan is concentrating on building up Industries where it can best compete in uie tree worm optical equipment, cameras, teX' tiles, machinery, toys, canned fish and plastics, The economic story being written today seems to be that the Jap anese are going to draw their belts tight and very possibly pull through their blackest postwar period with out large-scale help from the out side. Election Held In Germany BONN, Clormany I Chancel lor Konrnd Adenauer's supporters claimed a fresh niundiiie Monday I lorn Uie Uormim people for his pro American foreign policy fol lowing the nation's Ural political test of 195. But the opposition Socialists claimed Adenauer's christian Democrats sultvrrd a political set back In lliu election Sunday of a new 'JOO-ini'iiiber purlluineut In the state of Nurth Hlilne-Weatplialla, home ol the Industrial Klmr, The 8oclullsts based their claim on tlio fact Uial the Christian Dem ocrats and their partners III the coalition state government, the Zcnlrum iceiilrlsti Party, fell two seats short of uit absolute major- ROYALTY AT ROTARY Friday, June 25, when the local service club entertained the Round up Court at lunch er the Willsrd Hotel. Making Queen Darlene Icenterl a member for a day is her uncle, Delot Mills (at the queen', left! and the club prttidont, Bob Ellington. Prin cetsei are (from left! Marcia Wilton, Fort Klamath; Donna Anderson Stover, Tulelake; Jean Reinmiller, Merrill; Beverly Scott, Malin; Ln 5exton, Bonama. Extra Work Mad Easy Rear A Typewriter r Adding Machine lelrle t Umm4 Last month's rental it applied to purchase price VOIGHT'S PIONEER OFFICE SUPPLY t M.I. MM French Wounded Arrive In Japan TOKYO UV-Ninety-nine French men wounded in Indochina fight ing many In the lost battle for Dlen Bien pnu arrived Mon day in a melancholy drlzle, com- nleUnsr the second leg of a mercy night to France in American mil itary planes. They are Uie first of five groups of approximately 100 each who will be evacuated from Indochina oy the U.S. Air Force.. They walked or were carried down the steep ramp of . the huge pot-bellied C124 Globemaster that brought them from Indochina via the Philippines. Some waved stumps of arms blown off in the lighting. Others wore swatched In j bandages. Thirty were Utter cases. The 99 were taken to an Air Force hospital near Tuchlkawa air base where their plane landed. They will rest overnight and re sume the flight Tuesday to Hick am Field. Hawaii; Travis Air Base Calif. 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