The Brazosport Facts from Freeport, Texas on August 9, 1962 · Page 12
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The Brazosport Facts from Freeport, Texas · Page 12

Freeport, Texas
Issue Date:
Thursday, August 9, 1962
Page 12
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12 Editorial—Adv.—BE 3-3511—Classified—Bfc 3-2611 THE BRAZOSFORT FACTS BRAZOSPORT AND BRAZORIA COUNTY, TEXAS. THURS., AUGUST 9. 19AJ KENNEDY AT MID-TERM-3 Official Reply To Businesses EDITOR'S NOTE — In general, he American business (•(immunity .distrusts the Kennedy administration. What are the reasons? What do administration spokesmen : say in reply? Associated Press reporter Relman Morin presents the arguments from both sides in this third of five articles on Kennedy at mid-term. By RE1-MAN MOBIN WASHINGTON (API-President Kennedy has tried to convince businessmen that he is not "anti- discussing the contact with the unions. fi. At Yale. Kennedy spoke ot several "myths." He Said one was that "federal deficits create inflation and budget surpluses prevent it." He noted that (he post- World War II surpluses "did not prevent inflation and persistent deficits for the last several years have not upset our basic price stability." The President also called for a "serious dialogue" in all sectors business." |of the American society on these He meets them in groups. He i questions. It has no! developed exchanges letters with David land he is disappointed today. Rockefeller, president of Chase But his remarks did provoke an Manhattan Bank, New York, out-,exchange in hearings of the Sen- lining his economic policy and'ate Finance Committee between philosophy. Or he invites the in-1 the chairman, Sen. Harry Byrd, dividual businessman to the \VhitejD-Va., and Secretary of the Treas- House, seats him on the long sofaiury Douglas Dillon. It went like - this: Byrd — "What does this word 'myth' mean? It has' been bandied But the impact on the business i back and forth a great deal late- community as a whole has not,'. v - We have heen hearing about been notably deep. In many quar-l myths in financial matters. There ters, the belief persists that he is!is nothing mythical about debt so "anti-business." !' ar as I can find °"t. You have In some cases, the motivation j got to pay it back with interest. Is visceral, an instinctive feelingjSo you don't regard it as a in his office, and says, "I'd like to hear what you think I should that Democratic presidents are unsympathetic to business. The more specific reasons that emerge in conversations with businessmen go like this— 1. "I don't have any confidence in him. He says one tiling but does another." 2. "He never had to meet a payroll, so he doesn't know the value of the dollar." myth?" Dillon—"I don't regard the federal debt as a myth, no." Byrd—"You don't regard your request"! as a myth?" Dillon—"I certainly do not, Mr. chairman." Corollary to these intricate' problems of fiscal policy, and the increasingly serious economic I competition from overseas, is an- 3. "Kennedy may be all right, (Other question. It may be stated but I'm scared stiff by some of in two ways: "What is the purview of government in labor-management nego- ] the wild-eyed theorists around him." _ . 4. "I don't hold any brie/ for j tiations that involve wages and the way Roger Blough (chairman; prices, may cause strikes, or oth- of the board of U.S. Steel) handled j envise affect the American earn-' the price increase. But Kennedy's jomy as a whole?' reaction was bound to frighten. Or, as businessmen put it, "How business." |much is the government going to! 5. "He played mighty rough [allow management to manage?" with management in the steel I In the years following World case, but I don't believe he will;War II, neither Europe nor Japan play rough with labor." could offer much competition to! 6. "He says a budget deficit is the American producer. Exports just a 'myth.'" (a reference to flourished. There was no problem; the President's speech at Yale, , of a deficit in the balance of pay- • last June 11.) iments. Except for a few excep- And these are the answers of'tional cases of broad national im- government officers— i portancc, government tried to 1. Business had confidence in stand aside from the collective presidents Herbert Hoover and j bargaining process. Labor and; Dwight D. Eisenhower, but four i management were permitted to' recessions developed during their administrations. Business confidence is based, in fact, on the settle their problems alone. Today, the picture is different, i The foreign manufacturer, j ability of the economy to invest,! sometimes with more modern produce and consume. 'equipment, is competing every- 2. Kennedy expresses concern! where with the American pro- over the outflow of gold and dcfi-'riucer. The European Common cits in the balance of payments, j Market is developing. He says the dollar will not be de-' The dollar also is strained by , valuated. And he recently gave 1 American military commitments' business a tax break—long in the overseas, foreign aid, rising costs: works — which was estimated at of equipment bought there, simply! $1.5 billion, on depreciation of j paying the American lighting plant equipment. A Cabinet offi- j men. Gold has been going out for! cer points out, "that break could j several years. • have been given at any time in! In a speech last June 13, Solid-' the past 10 years." tor General Archibald Cox noted' 3. Policy advisors advise, but these "changed conditions." He policy is made in the deliberations linked them with the question of ol many men who would not be' the role of government in the col- described as "wild-eyed. 1 jlective bargaining process. He 4. In the steel case, Kennedy considered the competitive position of American steel and the im- said government must have a voice, adding: "Note that I speak not of a pact of steel prices on the prices!governmental veto but simply of of other commodities. He calculat-! giving the government an oppor-' ed that the Increase would takeltunity to be heard as a spokes- S3 billion from the economy. He'man of the wider public interest also felt a "question of good 1 ... This was the real point at faith" was involved, since the issue in the steel episode. .." United Steel Workers had accept- i Kennedy was asked about this ed a contract that the administra- speech and he said he did not tion considered non-inflationary. think he had read it. He added, 5. A high-placed officer says, "I,"But this is a free economy. .. know of a lot o{ pressure on the , and we have to work out solu- unions." He points out that, in the,lions on a voluntary basis." steel case, the government began I As he has said on many occa- 1 "exerting the public interest" hy|sions. there are no easy answers. Boys Attend Explorer Meet Eight Explorers will represent the Bay Area Council, Boy Scouts of America, at the first National Explorer Delegate Conference to be held Aug. 26 to 30 at the University ol Michigan, Ann Arbor, Michigan. The delegates are: John \V. Laughlin, Post 536, sponsored by Rotary Cluh of West Columbia; John M. McLaren, Post 530, Rotary Club of Arsleton; George M. Fleming, Post 210, St. Mary's Church of Texas City; Alvin J. Sefcik, Post l!3:i, Rotary Club of La Marque; Kdu'in \Villiai'' Hander, Post 233, Rotary Club of La Marque; Andrew H. S-msom, Post 308, Willow Drive Baptist Church of Lake Jackson; Russell L. Wiltons, Post :»!, Churrh of the Nazarene of Chile; Ralph K. Futch, Post 3!1, St. Thomas Methodist Men's Cluh of Krei'pori. The eight young men were elected by district Explorer cabi- Father Dies Funeral sen-ices for T. V. Me- Daniel of Ben Hur, father U Anq- leton School Superintendent 0. V. McDaniel, were held at 2 p.m., Monday, in the Metho d i s t Church at Ben Hur. Burial was In Mart, Texas. nets as delegates to thu national conference and will join 3,50(1' other delegates' from over 500; Scout councils'. Principal speakers (or the conference are Donald W. Douglas Jr., President of the Douglas Air- crait Company; Dr Albert Burke, nationally known TV personality, teacher, lecturer, and 'economist; Dr. Warren Guild, a medical doctor marathon runner, and humorist; and Joseph A. Bmnton, Chief Scout Executive of the Boy Scouts of America. During the conference, the Explorers will have an opportunity to participate in 51 skill events covering (tie fields of social, citizenship, vocational, service, p:\ypicjU fitness, and outdoor skills. The events' will include such activities as magic, square dance calling, oratory, safe driving, electronics, art, first aid. martin spike seamanship, swimming, gymnastics, archery and a loggers' 1 field meet. An "Explorado" will be one of ,the top features of the conference i .with several hundred outdoor (demonstrations of Exploring in 'action. The National Explorer Delegate Conference has been planned by a conference committee composed of Explorers elected as representatives from each of the VI regions of the Boy Scouts of Ame- Irica. STARTS TOMORROW! Pftltt SUMMER BARGAIN DAYS BUY NOW! PAY LATER! OPEN AN ACCOUNT OR ADD ON TO YOUR PRESENT ACCOUNT! OPEN 8:30 A.M. Til I P.M. GENERAL ELECTRIC 23" CONSOLE TV • Famous G-E "Daylight Blue" Picture . . . Gives cleaner, brighter picture with whiter whites, sharper Contrast • NEW HY-POWER. "MW" CHASSIS WITH POWER TRANSFORMER PAY ONLY $2.25 WEEKLY W/T SLIM...TRIM GENERALfjHLECTRIC FOOD FREEZER BIG 12.2 cu. ft. CAPACITY! 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JUI-Weather "42" * t« and old rtr* off your cor TUBELESS Only $2 More 15-MONTH ROAD HAZARD GUARANTEE Mi.NEW COOOmi «UTO Tilt* MI tVtMNTf EDi I AMImt Mrmtl rottf hiiatdi —I.e., Mowoutt, fabric bmkc, cot« — twtpt rwilr- >blt puncturn. Limits to erlflMl owner for number of months tpecl- Red. 2. Afilnst any defect* In work* ninthlp tnd meterbl wltrnvt limit 11 la time or nUi-jf..'— c "~>»»r tire dealer (over (0,000 h) in 50 Haiti) >rin, it Coodyeir's optkM. repair tire without ctern. or mike allowance w MW tWe bawd • ordlnil treat) depth nmaktaf enat cwreot "Sttiftu prlc*.* NO MONEY DOWN— FREE "MOUNTING GOOD/YEAR MORE PSOPLE RIDE ON GOODYEAR TIRES THAN ON ANY OIHR KIND; * * USED TIRES * 14" SIZE $ Z°° UP 15 SIZE S 3°° UP r SCRUBS! WAXES! POLISHES!, TWIN ALL-PURPOSF BRUSHES 2M Shetland" Polisher Buy it Now Easy Terms! Famous Shetland Door Polisher lets you scrub and wax with ease. Unit can be adapted to dean rugs and carpets. SAFE • SILENT* STURDY MUFFLERS $< AW UP Oil mar* uiablo hontpowcr. Ind dan- geroui fum» Itakagi. Doublt ilne-eoot«d, thick ilt*l thtllt Inwra longer strvlc* HfV FREI INSTAUAT1ONI ONLY $ A Supermarket in Your Home! ., GENERAL^ ELECTRIC CHEST FREEZER CB-232W GENERAL® ELECTRIC 2 mil f * ^ -ISr jA&St * / r HUGE 12 cu. ft. CAPACITY! • Fast-freeze anywhert In food compartment • Adi'ustable ttmpcraturt control • Lid has lock for safety • Also available in 17 tnd 23 cu. ft sizes PAY ONLY 2.50 Wetkly With Trade JUST SAY "CHARGE IT, PLEASE" Extra large pump empties tub in 2 minutes Water temperature selector Damp-dry »pin WA-703W PAY ONLY $2.50 Wt.kly 3$ 209< KNAPP—MONARCH IRON High qualify SPECIAL! 99 LET YOUR CREDIT BE YOUR "BUY" WORD GOOD/YEAR SERVICE STORE 222 W. 2nd STORE HOURS - 8 30 A.M. - 6 P.M. _ FREE PARKING - FREEPORT

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