The Tipton Daily Tribune from Tipton, Indiana on December 21, 1964 · Page 7
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The Tipton Daily Tribune from Tipton, Indiana · Page 7

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Location:
Tipton, Indiana
Issue Date:
Monday, December 21, 1964
Page:
Page 7
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FOREIGN NEWS COMMENTARY By PHIL NEWSOM UPJ Foreign News Analyst Figures alone cannot give the whole picture of United States involvement in the war in South Viet Nam, but they are impressive. I In the last year, the U. S. financial contribution has been running at around SGOO million or better than S1.5 million per day. In South Viet Nam, there are about 22,000 American advisers to work with Vietnamese forces totalling 615,000, military, paramilitary and police. This breaks down to one American for every 28 Vietnamese involved in any way with the nation's defense. ' Those were the figures as of last week, prior to the announcement that the United States now. would -give "additional military and economic assistance" to help out off the (low of men and material from the Communist regime to the north an dto bolster the South Vietnamese own military and economic programs.. There was, therefore, no suggestion that the United States the Communist regime to the north and to bolster the South Vietnamese own military and economic programs. There was. therefore, no suggestion that the United States contemplated pulling out of its commitment to South Viet Nam. in fact intended to expand it. The role of the Americans would .continue to be what it has been in the past, to "advise." Other Indicators' As to the war itself, there were other indicators besides figures alone. In Saigon, reliable Western sources reported that in om engagement 200 Vietnamese troops threw down their weapons and fled into the jungle. In the same engagement two U.S. Army captains were killed and an American enlisted man was reported missing. Five others were wounded. An American labor leader, George Balanzi, president of the United Textile Workers, concluded a three week visit to South Viet Nam and reported flatly that South Viet Nam's 350.000 organized workers were sitting on (he sidelines waiting to decide who would win the war. In'central Viet Nam. 25.000 refugees, 15,000 of them Catholic, were reported flowing into the port city of Qui Nhon in flight fom stepped up Communist terrorism. In less than a week, a dozen Americans died, one was' missing and 21 others wounded. Bounties For Americans The high - casualty rate among the American "advisers" lent credence to earlier reports that the Communist Viet Cong were concentrating on the Americans.' with special bounties, for each American death. Officially, the American posi- PAGE 11 tion has been that it sough'f a "political" solution to South Viet Nam as opposed to a "military" solution. But this presupposes a stable Saigon government as well as an end to North Vietnamese and Red China aid to the Viet Cong rebels. Neither so far has occurred, and there are increasing indications that great numbers of Vietnamese do not regard this as their war. Oh the other hand, the U.S. position is one of many complications. One is the obligation to the Vistnamese soldiers and village officials who do regard it as their war and daily face the threat of death or kidnap­ ing to prove. Another involves the fate of the whole of Southeast Asia in event of U.S. withdrawal. U.S. economic and military aid to South Viet Nam has increased steadily since 1954 but it has not provided the answer. Wall Street Chatter NEW YORK (UPI) —Bradbury K. Thurlow of W i ns I o w, ^ Cohu & Stetson Inc. says that' the mirage of the year-end rally persists and beybnd that the expectation of institutional reinvestment demand in January. Thurlow believes that if the current upswing holds it could continue into January but if it fails there could be a rapid decline toward the minor support level around 840 in the Dow- Jones industrial average and the more important support at 825. Clark.. Dodge & Co. says that sooner or later the market will find some excuse to stop worrying about international liquidity, but until it does, the only sensible approach is to focus on individual stocks and to slowly buy such issues on the downtrend. L. O. Hooper of W. E. Hutton & Co. says he likes the idea of building up at least a modest cash reserve and doing it on probable strength in the weeks ahead. Hooper says such a policy may not be very right, but it almost assuredly will not be very wrong. Indicator Digest Inc. says the major trend in gold stocks should remain upward at least as long as the Labor government remains in power in Britain, "for they have so far proved wholly inept in coping with their financial imbalances." LANES BURNED GARY. Ind. (UPI)—A fire destroyed the Tri City Bowling Alley late Sunday and the loss was'estimated at $500,000. A fire department spokesman said he believes the blaze started in the kitchen. Irvin Glickman, the owner, made the damage estimate. There were no injuries. AMBULANCE SERVICE anytime Day or Night Our Two Ambulances Are Fully Equipped With Oxygen FUNERAL HOME 21G W. Jefferson OS 5-4780 QSL CARDS $2.50 per 100 $10.00 per 500 EYEBALL CARDS $1.50 per 100 $6.35 per 500 CHOICE OF Color of Ink Color of Paper BLACK BLUE BROWN GREEN RED WHITE WITH ENAMEL FINISH BUFF BLUE RIPPLE FINISH GRAY With One Week Service Bring Your Own Ideas In And We Will Fix You Up 221 EAST JAFFERSON

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