The Daily News-Telegram (Sulphur Springs, Tex.), Vol. 51, No. 189, Ed. 1 Wednesday, August 10, 1949 Page: 2 of 8
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'/ S' #•:
WEDNESDAY, AUGUST 10, 1949
page two
THE DAILY NEWS-TELEGRAM, SLJLPHUR SPRINGS, TEXAS
Whittlin
★ WASHINGTON COLUMN ★
Mexico's Dicker for Oil Loan gJ|
Reveals Complicated Situation L >JB8
BY PETER EDSON ^IHi
NEA Washington Correspondent TA
\J7ASHINGTON—(NEA)— Mexico's surprise ending of negotiations
** *y an oil development loan from the United States may be only
C:it "phase of a .-explicated internal Mexican economic and political
Kmotion.' „ '
Mexico is df-r. in a postwar readjustment situation similar to the
one the Bn : .h or*1 so" worried about. Mexico enjoyed a war boom,
with high prices for everything, including attractions for American
tourists Who had no place else to go.
Most of this business dropped off after the war. Mexico had trouble
regaining its prewar trade with Europe, which was broke. The hoof
___i -iI,-, «..* rsff A-frsv irn’e hia fha
Lustron is Qoing Into the Red,
But Still Deserves a Fair Test
nEr.
Senator Plunders of Vermont told a re- trouble from the start. It encountered the
porter recently that “if Lustron fails, let same high costs that plagued many anoth-
us forever quit talkipg about mass-pfoduc- or enterprise, so that it is now selling* its
ed hpases.” house for $10,000 to $11,00 instead of the
He was referring to the Lustron Cor- $7,000 originally planned.
It couldn’t find sufficient labor fast
enough, and when it did get its men, it
had to train them for entirely new jobs
in a new* industry. Worse, its dealers
couldn’t get adequate credit. They had
to pay $6,000 to obtain a Lustron house
from the factory. That runs into big money
quickly.
Loans to finance dealers until sales
are made have been slow in*coming. Also
dealers have their own labor problems
with erection crews who art handling an
unfamiliar product. They face often se-
rious handicaps in local building codes or
varying, regional conditions.
' The Credit and the labor problems pos-
sibly can be licked ip time. But mean-
while Lustron is ..going deeper into the red
every day. . . ■
Should it be extended further govern-
ment credit? W.ith so much money , and
effort already tied up in the venture it
seems wise to keep the company afloat at
least a little longer to see if it can get to
the break-even point. v r
There seems To be an attitude in gov-
ernment that this is a prime test of fhe fac-
tory house idea. If -it is, let’s make sure
it’s a good, thorough test that answers
fairly the question whether the idea has
any merit.
sal'.'. ■
poration of Columbus. 0„ the government-
financed venture into production of fac-
tory-built homes. The Reconstruction Fi-
nance Corporation already has poured
$34,000,000 into the company. This has
not been enough, however, to launch the
effort successfully.
Lustron currently is losing $500,000 a
month. It is starting to cut back output
from its present 27 houses a day when it
needs to step it up to .35 or 40 to break
even. In the next two or three months .the
RFC must decide whether to advance’ fur-
ther funds to Lustron in the' hope that
keeping it going a little while longer may
• put it over the hump.
This is a- matter of considerable .im-
portance to the country. For years many
critics of the housing industry have argued
that the only ,way o.ut of the low-cost house
• problem is mass production on,the auto-
mobile pattern.
Lustron’s steel house with the enamel
finish represents the most striking attempt
•f to put houses on a factory basis. Consid-
erable engineering and architectural skiH
seem to nave , been applied, in its design.
Its plant has been tooled for big-scale op-
erations. Lustron claims, for example,
that it could produce 100 houses a day if
it had three shifts of men working.
Yet the company has been mired in'
.......n r_______ trade with Europe, which Was broke. The hoot
and mouth disease epidemic cut off Mexico’s big cattle exports to the
U. S. When the U. S. oil shortage ended in 1948 and Mexico's oil
exports dropped off. the country developed a bad dollar shortage.
A NYWAY, all these developments created a situation which de-
manded that Mexico do something to increase her exports. Oaf
of the best bets seemed to be an increase in oil production.
During the war the U S, House of Representatives CommiU^M
Interstate Commerce made continuing studies of world oil itKiBBi
In the course of there investigations, attention was directed to
undeveloped resources. The Mexican government invited tll^^W
mittee to come down and see for itself.
Chairman Charles A. Wolverton, New Jersey Republican, and a
sub-committee made two trips to .Mexico in the fall of 1948. Last
JanuaVy the committee filed a report. It recommended that'the U. S.
government loan Mexico $470,000,000 for oil development, to increase
.supplies available to the U. S.
Jn 1938 the Mexican government had expropriated properties of
U. S. oil companies involved in a labor dispute Seized propertm^ueic
put in a government' company, Wetroieos Mexican©*, better kisovnt as
Pemex.
Last March.Perne* made its first-break ’with Mexican, national oil
policy. It signed its first contract with U, S. producers for oil explora-
tion.' The U. S. company that took the contract is a'pooling of interests
representing Signal Oil and Amoidcan-indepepderd—-the latter a com-
bination of Edwin W. Pauley and eight other- independents,
'T'HJS w-as the situation when negotiations were begun between the
U. SI government and Mexican'.Sen, Antonio J. Bermudez, director
general of Pemex, for a; $470,000,00b loan as recormhended by the
wolverton Committee It has been generally believed that there was
tome1 connection between this loan and the Pauley deal with Mexico,
or that Pauley promoted it, Pauley now claims there is no connection
between the two deals, other than that they both invoh.e Mexican oil
It is State Department policy that no g, . ernmer.t 1 .r.s'.should be
made to foreign courtu es it private capital is available
It would tie considered strange if the V s government were to
grant the Mexicans a development loan after they had confiscated
American properties II years' ago, Also, since the U. S. oil shortage
has now turned into a surplus, other American producers are opposed
to government loans to build tip Mexican ce mperit, - n So Ifcce may.
base been some undeiMandable dragging of uilkiul feet in dickering
with the Mexn-ur, tor a dcveivvmont li
I, The other tide of the ; <t e tl t the U S ed verviee.ifAffc
genuinely interested in de-.«lnp rg • ] it ,v. • e (' s mjf
eminent is interested in Mr>n fir..:-- il B .: the t/yf
government cannot in good w v cnee ie<- .on i f Import buruf
loans uules • there are adequate it : man tee* of it pjvira • * The ieigini.1
request lor a t470.MHl.000 loan i* believed to have been rut ,n half,
for refinery and pipeline project” cnly—not for exploration and drill-
ing They are considered sound investment* B ,• at this junrturg, U e
Mexicans suspended the negniiations and pulied out, of the deal,
|.........„Miieifciei„t*>iUir)r t<C: p, r : v Cl iv.od < ■ ,
Letter From Washington
cow chewfhg her cud and a girl all the English- anybody needs to
cheating her gum. The answer is,! know in order t" talk about the
The cow looks like she is think-i universal topic, the weather:
ing about. sometKing." j (In summer) Is it hot enough
lor you?
(In rainy season) Fine weathc.
for ducks,
(In dry season) Do you think
- * ’ll eves rain''
(Reply) if it don't, it'll be a}
tong dry spell,
By JANE EADS, A.P. Staff Wrltor
A recent visitor to Washington was Senor San-
tiago del famjAi, 30-year-old director of Chile’s
largest radio corporation. He's author of eight
plays, the last. “That's How They Talk in Babel,"
to be produced on Broadway shortly.
Washington.—Would you know what to do if
you were called as a witness at u Washington
hearing? The employees of the Ace Reporting
Co., stenographers hired to write down what wit-
nesses!* say at hearings, have come forth with a
manual for behavior on the witness stand. Though
Written in jest..-it ought to be a help for the overly
timid.
The manual suggests, for instance, that as the
witness approaches the stand he should see “that
him appearance is as perfect as usual, paying partic-
ular attention to his tie. If necessary,” it adds,
“finger the tie several times. Passing the hand
over hair, if any, is optional hut is favored by
many."
The manual suggests the witness should look
serious -when taking the oath, that he should then
seat himself with “a carefully unstudied air of im-
portance. light leg crossed over left, left hand in
pocket, handkerchief peeping from breast pocket,
right hand and forearm resting upon the table.”
"State-your age with an inflection that invites
attention to your youthful appearance, indicative
of a virtuous a mi virile manhood." the shorthand
men advise. “When you come to state your pres-
ent, exalted position, glance haughtily and casual-
ly past a point. 18 inches above the head of oppos-
ing counsel. If he is reading, scratching himself.
Why don’t railroads put, a sign
with the name of the town on
the side of the station next to the
railroad track instead of just on
the ends of the depot?
emi
On a recent air-flight, from Jletroit to Wash-
ington, Senator Saitonstali (R.-Mass,) helped ar-
range and serve the meals to passengers. There
was a shortage of stewards and stewardesses, and
clamoring for food.
Jim. we’ll call him. was a coun-
ty official and a great practical
joker. He had had a Dig- water-
melon in his office for several
days ami his of (Vo force kept af-
ter him to slice it..
So he stopped at the drug-store,
said, "(live me a dune's worth of
quinine” and behind a dosed door
he sliced the melon, put a little of
the midicine on each slice, then
alied in his assistant”. Each eug-
An anonymous poet wrote:
”1 never see my pastor's eyes;
He hides their light, divine
For when he prays, he shuts his
own,
And, when he preaches, mine."
i pretation of tin- Many turn d • ' ", «!■
j the (inner of a caul •(•))' r>‘ sfn-
| that the raid was left in perron, led
were
by Hershberger
(Taken from the files of The Daily News-Tele-
gram of August 10, 11)39).
Mr. and Mrs. Malcolm Iloyd and sons, Ernest j
Mack and Robert, and daughter, Betty, have gone]
to Galveston on a vacation.
Miss Alice Harriet Bohannon has returned from;
Missouri, where she has been attending the Uni-1
versify there during the summer.
Mrs. Abel Rate and daughter, Mary, are in Dal-
las. where Mary underwent a tonaileetomy at ;
Medical Arts Hospital.
Miss Kell Ruth Barrett is reported doing as j
well as could be expected at the Cozad Clinic,
she underwent major surgery.
Mrs. Ward Gober entertains the Oddity Club.
Mr. and Mrs. Shed Chapman entertain the
members of the Board of Stewards of First Meth-
odist Church at a watermelon feast.
Tip Sparks and Clyde Maddox have gone.to
Eagle Mountain Lake oiv a fishing trip.
Mrs, Emmett Thornton entertains members of
the Wednesday lit idge Club at her cottage at El-
berta Lake.
vVcuis-Sdegcam
WiU'ti It ■■-- (• si!•**.
Hfterrt.o n ..-vi p? Saturday i
Enif-mi Ht thV f'<*t Office in
tl«* mail matter.
MetnU*r Atcoci&Uti an
<>f S~- •>}
. !?;«• ; In Hof
month 76c, thm* monthif (n
ietwh in *4.«0, nn«
tide Hopkins and adjoining
months icanh in ad'»*n«v> $2
toiGu on«p ft** t-ash*’ in. m<)
If we could do away with all second truesHer^
there wouldn’t be near as much criticism handed
out.
*N»it wtA'
A Minnesota girl married a policeman who had
once pinched her for spee«iintr. She grot a life sen-
tence.
“The telescope it to you can see traffic light*!"
WHERE’S THE BAND?
By V. T. HAMLIN
ALLEY OOP
Auto drivers wouldn't get near as many bad
breaks if they didn’t drive with them.
WELL, OOP, THIS 1$ . “'a
IT/ WELCOME / ^
TO THE MY GOSH.
I mopn: / oscke what
( KINP OF A
f tt*4 KECEPT)CN
rWK & this? no
LOwWHk ticket tafe
YEP/^EN
Ye£ up/
aJ«e SPACE-TeAVELEES APE
NC?W IN THE AIR.- LOCK A
chamber
MINIMUM
OUT OUR WAY
By J. R. WilJiamj
LOSS OF' THEIR.
IIOUS AIR. W'HILE
SSHG IN AND £
OF THE 5HflP/
NEAR A HALF-HOUR
A60 I SENT VOL) TO .
THAT BIRTHPAY PARTY
three ODORS DOWN,
•LOOKIN’ LJKE A SOAP
^ AD/ WHERE’P YOU
L SO--TO TH’ CITY .
■V . DUMP? /
MO-YOU ]
LEFT TH'
HOSE ACROST
TH1 WALK
AN’ I JUST
SOT OUT. OF
if/
COM iw «T ma itMKt.'mc. 7 »: wc, u t hr of.
TAKING LUCY HOME
By MICHAEL O’MALLEY and RALPH LANE
f NO, I LIVE WITH
WELL, TACKY
THOMAS / FANCY
MEETING YOU
V HERE / ^
LUCY, THIS
IS MV ^
FRIEND I <
TOLD YOU
L ABOUT, i
HELLO, MR. FLINT.
I'U WALK
WITH YOU,
'NEARLY HOME / THEN 1
TO FIGURE OUT WAYS 1
AND MEANS FOR GETTING
^SOME QUICK CASH.'
MY FATHER IN A
HOUSE BACK IN
THE WOODS. AND
IT'S TIME IGOT/7
l HOME, TACKY. L
J HELLO. LUCY.
DO YOU LIVE
LHERE AT THE ,
L. HOTEL ? A
HI, VIC
(/'1' .i\n\{l/ni;tu
8-l(f
^RvmiLUam^,
WART
m,atc.
^ ...___________________’....... .
st.
r a
II 1
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Bagwell, Eric. The Daily News-Telegram (Sulphur Springs, Tex.), Vol. 51, No. 189, Ed. 1 Wednesday, August 10, 1949, newspaper, August 10, 1949; (https://texashistory.unt.edu/ark:/67531/metapth813395/m1/2/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Hopkins County Genealogical Society.