Indianapolis Times, Indianapolis, Marion County, 21 June 1952 — Page 8

~ The Indianapolis Times

A SURIPPS-HOWARD NEWSPAPER ROY W. HOWARD VALTER LIC] LECKRONE HENRY W. MANZ President ? Business Manager

PAGE 8 Saturday, June 21, 1952

FEAR ETE LR

lig oF he Give Light and the People Will Pind Ther Own Way

Worthwhile Proposal

WORKING its obstacle-strewn way through Congress is a bill to set up a staff of budget experts who would be on the job the year around to see that the government gets its money's worth out of the billions it spends. Such a staff of money experts, who would be attached to a new joint budget committee, is needed. In these years of monumental budgets, many Congressmen, including some members of the Appropriations Committees, complain they often have only a vague idea of what's in the spending bills they're asked to approve. The bill to remedy this ridiculous and costly situation has been passed by the Senate. This week, after a long haul, it was approved by the House Rules Committee. The next step is for the House leadership to schedule it for a vote. The bill's sponsors believe the House would pass it if given a chance. But top members of the House Appropriations Committee are opposing the bill. Their objections seem to be based mainly on a fear that the plan would take away some of their control over government spending. Such unreasoning opposition should not be permitted to stand in the way of a House vote. And given a chance to vote, the House ought to pass the bill. It's an opportunity for Congress to get its hands on the government's purse strings again.

Penalty for Thrift

ONGRESS is in the process of raising social gecinity payments for some 41% million persons. This is being done solely because of the rise in the cost of living. 1 For the same reason, pensions for war veterans and railroad workers already have been raised, and pensions for retired government employees are to be increased. ~ But persons who have retired with the intention of living on their savings, or on pensions from private business, or on insurance benefits, are in no such small luck. Every

time inflation takes another hitch out of their incomes,

their ‘only recourse is to take another hitch in their belts.

» . ” . a.» -. SOME HAVE had to seek help from relatives, turn to charity, -or scrape up other means of replenishing their incomes. Inflation penalizes the thrifty. It imposes special hardships on those with static incomes—even though they once may have had what looked like nice nest eggs. Inflation, in the long run, is a boon to none. It is a particular evil to those who are unable to keep their incomes within striking distance of a galloping cost of living. For the plight in which they find themselves, these people can thank the Truman administration, which has made loud noises about the evils of inflation but has done little to hold it in check.

Amortized Wife

AN ENGLISH judge ruled the other day that a wife's value depreciates as the years go by, if she is quarrelsome, and that therefore one Stanley Dingley was due only $210 for his wife's misconduct, insteady of the $700 he asked. That ruling probably will stand in Britain, But Stanley had better be glad he doesn't live in this land of sex equality, An American judge probably would rule that Stanley, being fat, balding and jealous, had been amortized entirely and should pay his wife $700.

Duffers Have the Fun

Now and then you hear some fellow say he wishes he could play golf like Ben Hogan, or could hit like Ted Williams, or could perform like the top-flight figures in whatever sport he favors. Well, we wonder about all that. All things considered, however, we believe the duffers in any sport really have the fun, little as they may be inclined to agree. Our figuring runs like this. If Sam Snead, Ben Hogan, Lloyd Mangrum, Cary Middlecoff et al. dub one stroke on a hole it ruins everything for them. If they play badly on one hole, the round is spoiled. If the duffer gets one good lick, even if he shoots seven on a three par deal, he is delighted. If he lucks into a birdie or an eagle during the round, his day is made, and what matter if he scores 110? Never having been an expert in any sport, we have to guess, but from extensive observation of experts and _Aubs, we believe the experts suffer more and rejoice less than otherwise. The little mistake it takes to throw the expert into the dumps goes unnoticed by the duffer, while a good shot

the expert considers routine will put the duffer into seventh heaven,

Cheap at Either Price

HEN the Russians were being overrun by the Germans in the earlier part of World War II, the United States went to their aid with lend-lease. Before it was over, the Russians had an $11 billion account, not including ships and other help they got for free. _Since the war, the Russians have refused to settle this account. This week, however, negotiations were resumed. The State Department offered to square the deal for $800 million—a little more than 714 cents on the dollar. But the Russians say they won't pay.more than $300 mil-lion-—less than 23; cents on the dollar. You know any bankers who will deal with you on that basis ?

v

ELLIS ARNALL seems to be following the path of other price administrators—from hold the line to holding

the bag.

u. 8. AGRICULTURE experts could” help crowded for.

EE eDaily Jw ho to farm by the square i

KOREA, SPENDING, TAXES . . . By Charles Lucey

Questions Put To lke

DENVER, June 21—A reflection of a nation deeply troubled and anxious over the years ahead is reaching Gen. Dwight Eisenhower through his meetings here with men and women from all over the West. Grimly earnest and séarchingly serious, these delegates to the Republican convention at Chicago try to burrow into the General's mind for answers to questions worrying their people back home. Gen. is a man of ebullience and zest, and his good humored stories now and again cut the sober vein of these sessions. But he is never frivolous; his stories have both point

® 4 9»

THE PLAGUING worry of the Korean War, big government spending and deficits and high taxes, the foreign aid program, corruption in government, fear of inflation—these are the issues on which the General must level rig delegation meetings several times a day. It doesn’t matter that quite often his answers to these very questions have been in the papers. The delegates want to hear the word from his

ASIA. . . By Ludwell Denny

Indo-China Aid Not Yet Set

WASHINGTON, June 21-—The mutual congratulations of Secretary of State Acheson and French Minister Jean Letourneau over their agreement for substantial increases in American military aid to Indo-China are premature. “Within the limitations set hy Congress” is a bigger barrier than indicated by that brief qualifying clause fucked away in the official communique. The chance of getting U. 8, funds for twofifths of the total cost of Indo-Chinese defense against Red rebels, which the French expect, is small. Though all figures are secret, the estimated American share this year of one-third has been almost half a billion. Because that is almost as much as the entire congressional authorization for all the Far East, and because actual appropriations probably will be less, Indo-China will be lucky to escape a cut, Not that Congress is down on that country. On the contrary, there is general recognition of the strategic importance of Indo-China. Also it is granted the improved military situation there indicates better use has been made of American aid during the past six months than before. Equipping of native divisions, which is the major objective for the coming year, is a popular policy here. Nevertheless, several factors operate against a substantial increase for Indo-China.

~ Affected by Taxes

THE FIRST is economy. Members of Congress, who have beén traveling about the country in connection with the primaries, report the public sensitive to the big budget and high taxes. Foreign aid is singled out for questioning. As the campaign progresses, there will be stronger pressure and more commitments by candidates for reducing foreign aid. Exceptions in appropriations probably will be limited to extreme emergencies. In that category several others are likely to qualify ahead of the French protectorate. The serious military crisis which could occur in Indo-China is not covered by this agreement for the gradual build-up of native divisions. That is invasion by Chinese “volunteer” armies, as in Korea. Such external aggression could not be defeated by present French and Indo-Chinese divisions plus native units planned for next year. Direct quick Allied military intervention would be required. But that aid would not %unnel chiefly through Indo-China. American and British forces would counter-attack China by sea and air—an expensive operation.

Formosa Comes First

AS AMONG Indo-China and others which must share the Far Fast aid appropriation — Formosa, the Philippines, and Siam--Formosa has most chance of getting an increase. Chf ang Kai-shek's Nationalist Chinese army there is ready for long-promised but undelivered equipment, and Adm. Arthur W. Radford, our Pacific commander, is calling for it. Moreover, a China attack on Formosa is considered more likely than on Indo-China— indeed, the Reds are publicly committed to that. Finally the immediate Far Eastern threat. for which the U. 8. must be prepared, is renewal of all-out Korean War, That could easily require a counter-attack on China by sea and air, as the only way to win the Korean War—and to save Formosa and Hong Kong, as well as Indo-China.

LEAD TO WORSHIP

When you take a friend to worship . . . you are working for the Lord . . . and I'm sure that God above us , . . will give you a just reward « When you lead a lost wayfarer ... house of love and prayer . . . you are gaining God and heaven . . . and a joy beyond compare «even though you too may falter . , . helping others know God ... will instill new faith within you . . . strengthen you as on you plod + + +» try your best to work for heaven . . . you will never go unheard . .. for when speaking of our Master . .. God will bless your every word . . . so lead on, others will follow , . .and though many souls will spurn . , . if you take one friend to worship . . , wondrous blessings will you earn. ~~Ben Burroughs

SIDE GLANCES

to a

own lips, and they listen with deep attentiveness to what he says.

Meeting Oregon delegates, the General faced

questions on Korea, far example. “A lot of in Oregon,” said Delegate J. O. Johnson, “would like to have the police action in Korea nha > oe get out.”

THE GENERAL'S answer was about what it had been before—the United States must stay in there. It would take a tremendous additional concentration of U. 8, power to overcome the Communist buildup. Risking global war is dangerous business. We should rely more and more on trained South Koreans to take over the job. But feeling here is deep about Korea, and so another delegate pressed a question later. “To get back to Korea for a moment, sir,” he told the General, “I asked a number of people before making the trip from Oregon here

The Life Guard

|

Reveal America’ s Worries

what their primary interest was in your attitude. And without exception, it was in respect to the Korean situation.” oy 5 Teh Welk hud ihe his quesas as an ending ith the sberrvation that he nad no quick, easy answer—“And I say that very seriously, because, as all of you know, out Boy 12 suom 10.80 thers. ‘ THESE PEOPLE did not come all the way from Oregon to Denver for a lark. They had paid their fares—8$141 each—out of their own pock-’ ets; there were some who hadn't come because they couldn't afford it. Probably the second most often asked question Is about foreign aid spending — there is plainly much doubt and wondering about it. The * de know the General himself has directed West Europe army operations, and they

YOU CAN'T MAKE ME

WORLD TRADE

By James Daniel

USE IT!

—— al ACU

U. S. Plans to Protect American Investors in Other Countries

WASHINGT June 21—Uncle Sam is going to insure new American investors against certain kinds of losses virtually anywhere in the non-Communist world.

If you want to start a button factory im Liberia, process whalemeat in Iceland, make cedar boxes in Lebanon, or start similar nondefense or defense projects in 53 other countries, Uncle S8am has a policy for you. Up to now, government guarantees for foreign investment were limited to countries getting Marshall Plan or mutual defense aid from the U. 8.—chiefly in West Europe. But under prodding from the House Foreign Affairs Committee, the Mutual Security Agency (MSA) has opened the door to insuring investments in all countries eligible for “Point Four” aid.

Profits in Dollars

THE GUARANTEES come in two models— One assures that investors can convert future profits from local foreign currencies into U. 8. dollars.

The other protects American investors from having their foreign properties nationalized— as Iran nationalized British oil—before they've made profits equal to 175 per cent of their investment. An investor can buy either or both assurances. While the program was confined to relatively stable West Europe, the money convertibility policy was. most in demand, except in

. Germany close to the Soviet border.

By Galbraith

But if the program takes hold for other areas, the antinationalization insurance may catch up. The U. 8. government's risk sounds wide open, but isn't. The government doesn't insure many billions in existing American investments abroad. Furthermore, the host government has to approve the proposed investment before it's

IRRIGATION .

WASHINGTON, June 21. Another big reclamation dis trict project paid off its debt to the Federal government for * Irrigation “improvements this week. It is the nyside Valley Irrigation District in the rich Yakima River ‘country of central Washington. G. W. Lineweaver, assistant U. 8. Commissioner of Reclamation, Wash, to receive the district's final payment of $21,000. He witnessed the stamping of “Paid in Full” on an obligation of $2,270,000 first assumed by the farmers. of this area nearly 45 years ago. -

MOST oF the Stories that

the many millions of tax dol» lars they cost for storage dams and irrigation canals. The fact the firrigation and electric power aspects. of these projects are self-liquidating is generally lost sight of. It is only when there's a big celebration while one of these , projects pays off, as at Sunny- * side, the real nature of these

1h ih

made, and also sign a covering agreement with the State Department. The agreément on convertibility provides that if local rules prevent exchanging American profits for dollars, then the U, 8. governent takes over the local currency involved and spends it for embassy and other local expenses, rather than using doHars,

Payments Negotiated

THE AGREEMENT on nationalization provides that if the host government ‘takes over American property, the question of repayment iz negotiated between the host government and the United States—with international arbitration in the background if they don't agree. The American investor gets paid out of the fees all investors pay on their insurance policies—or if those aren't enough, from U. 8. government funds. Tentatively, Congress has said to keep the risk to $200 million. Aim of the insurance is to make investors less afraid to put their money into foreign business ventures—thereby perhaps lessening the demand from foreign countries for direct U. 8. aid. The chief gain seen for American business lies in being able to establish foreign branches to produce for dollar-short foreign customers.

. The customers need only enough dollars to pay

the American owner's profits, not to cover his labor and materials cost and overhead. Also, raw materials or semifinished products can be produced abroad for use in American factories. MSA officials, who handle both types of insurance for the U. 8. Export-Import Bank, the permanent administrator, won’t guess how many of the 56 eligible countries the U. 8, will sign agreements with, They now have 13, with Spain coming up. . “We don't move," says an official, "until some likely investor has expressed an interest in a country.”

. By Peter Edson

celed its indebtedness. Now

again,

SIRI ees rasan,

1 § 8 § 3 1] 5 g § [

3 Hoosier Forum :

“I do not agree with a word that you say, but 1 vill defend fo the death your

CRONIN E NNN NNR RR NR RETR RRR TRA STR ERR BZA

Presents Dilemma

MR. EDITOR: - In the United States, whenever an election is approaching— public men, newspapers and organizations insist it is the duty of every citizen to vote. It is implied if all voters voted at elections, most of our troubles would be solved. I have never been convinced of this. If a voter is confronted with the dilemma each of the candidates is equally bad and neither fit for the office—should he vote for one? > * & IF THE VOTERS of Germany had had the choice to vote for Hitler or Mussolini—would they have best carried out their duty by remain.

ing away from the voting places, or all attend."

ing the election and voting for one or the other of these? Remember, in the beginning Mussolini appeared more formidable than Hitler, In a primitive democracy, where the people themselves selected the candidates, from which group nominees were selected—it was a practical duty for every voter to be present. In a complex republic, such as ours, if a voter feels compelled, by the choices offered, to refrain from voting, this would seem to be the most intelligent expression of his duty as a citizen, If there is good logic to opposs this, T would be grateful to have it presented. ® © 9

I TAKE IT the duty of a citizen of such a nation as ours consists of much in addition to voting. Edmund Burke was of the opinion a virtuous people never had a bad government for long, and a culpable people never had a good government. The term “virtuous” very probably included a lively sense of personal responsibility. : -C. H. H, City.

Raps Rent Control MR. EDITOR: Editorial of The Times, June 15, “Tenants Take Sides With Landlord,” should be a

wake-up call for all tenants. The inherent weakness of Rent Control is the real bigness of the loophole “refuse to rent.” This is the trap for the unwary tenant which defeats the purpose of Rent Control and makes the rental shortage worse instead of better, peps up the evictions, the loan and real estate deals to an ever-increasing high. This speed-up in selling rental property to escape socialism, created inflation on rental homes for sale, being more profitable to sell, put the big boom in building homes for sale, as Rent Control made thousands of tenant families homeless, the consequence of evictions in principle this ig certainly true. It is evident the tenant has no reason to suppose that Rent Control can be of any real benefit to him. On the contrary, it will injure him and his family, make them homeless. Rent Control, instead of being a law is a big hoax, a socialistic injustice. Nothing more, nothing less.

—J. F. Frantz, 750 Ketchum St., City.

Indecisive World

MR. EDITOR: The world does not know what it wants or what it wants to do sometimes, but I am sure it probably would settle down if it were to be without everything. Take for instance, the telephone company. Every few months the telephone company asks for a raise in the use of the telephone to the public and what happens? They get it. Why? It looks like someone is getting paid for raising the telephone rates. And what about all these strikes going on? If strikes are going to affect the boys in Korea, the ones that go on strikes sure don’t care much for the boys over in Korea. They think more of themselves than they do of the boys that are fighting for them. And another thing—what about the city bus and trolley line? If you would come down on the price of the fare there would be more riding on the busses and trolleys. I know I would come fo town and ride them more if they would coms down to seven cents -a ride or four tokens for a quarter and two cents for a transfer, and on the bus ten cents and a free transfer,

(0), L., City.

Dam Project Pays Off Its Government Debt

went to Sunnyside, ,

Sunnyside is clear, leaving only the Kennewick, Kittatas and Roza divisions to make good on their contracts. = » on FIFTY YEARS ago this Yakima valley country was nothing but sagebrush. Today, as the U, 8. Bureau of Reclamation celebrates its golden anniversary, thesYakima valley is a half-million acres of the most fertile farm land in Anrerica. It is an area twothirds the size of the state of Rhode Island. The average farm in this area is only 50 acres, The fruit farms—where some big apples and pears come from—run 25 to 30 dcres. Truck, grain and stock farms run 140 to 150 acres. Yields

population of Yakima and Benton Counties was only 28,000 Today it is 187.000 and still

of those .

chinery—and showed a profit of only $90. They borrowed $1000 for materials that went into a house built with their own hands. The second year they grossed $5000 and showed a profit of about $1200. The third year, on the same. gross, they showed a profit of $2000. Next year the profit was $2500 on a $10,000 gross. A part of that they used for concrete pipe to carry some of their waste water back to high ground for a second irrigation use. Last year, with a gross of $9300, they profited $4400. Their main crops have been beans, peas, hay, corn and alfalfa for seed.

» EJ ~ THE TOTAL federal investment in the Yakima Valley

‘Irrigation Project ‘Nas been

about $45 million, to date. There is another $14 million needed to complete the Kennewick division. This has been delayed by the Korean War

The area has been placed first in the entire nation for the production of apples, pears and hops. It is well up on cherries, peaches, plums and prunes. In the total value of its agricultural production, Yakima County ranks sixth among all. the 3000 U., B. counties.

” ” ” THE HANFORD atofie energy plant on the edge of the Yakima valley has contributed considerably to the area's boom by providing a ready market for its products, But this development is not included in measuring the region’s agricultural resources, directly attributable to irriga-