European Stars And Stripes (Newspaper) - January 17, 1953, Darmstadt, Hesse The stars and stripes Hie i Kitaj Page 6 economic report urges not Aid january 1953 asks Cut in import barriers 16 president Council of economic advisers recommended in its final economic that the take Steps to open its markets to increased imports from abroad in line with the policy of not but at the same time the Council cautioned that reduction of Amer ican import barriers cannot solve the free worlds Dollar Short age in the Long it said the main Way in which the problem can be on a permanent basis is to increase the productive Power of other nations of the free in the immediate future a major policy decision be made by the on the reciprocal Trade agreements act which expires next conflict cited this act has been a powerful constructive Force in expediting the flow of Trade in the free world and it has symbolized our aware that Trade must be a two Way Street the report adding in its most recent forms the act contains certain new provisions contrary to its Basic such As the threatened increase in duties whenever con sumption of foreign products be comes anything More than insignificant in the United provisions of this sort Are in with and tend to defeat the Broad purposes of the the Council recognized that unrestricted Access of foreign producers to markets might Hurt some Domestic although these inconveniences will be unavoidable they will be far less costly than the Aid which has far proved problem of shifting the essence of the problem is How swiftly and realistically the shift May be made from Aid to Trade without Imp riling Progress thus far made in free world turning to Long term prospects for a stable free world Economy the Council said there Are Rea prospects that other countries Wil in due course and under appropriate policies be Able to earn Sun client dollars to pay for what the import and thus to reduce and eventually eliminate the need of the main part of this task lies in their own countries hand in the Long this involves the avoidance o International develop ment of greater volume and Effi Princess to pvt Iii res a Princess in the she is pvt Arlene 18yeaiold err Camgrand Aughter of tha last chief of the Indian her Home is and she is now in training at Parris press photo in living stand awls since 929 cited by Truman 16 Truman told Congress the growth of the Economy in the past Quarter of a Century has brought a remarkable improvement in living Here Are some of the gains since 1929 which he cited in his annual economic report to Congress in terms of 1952 1929 average annual income after taxes total National output 1952 40 hours 10 10 10 80 96 90 jobs average week 48 hours automobiles i use percentage of Homes with mechanical refrigerators percentage of Homes with radios percentage of farms with electricity other key figures from the presidents showing the growth of the Economy during the past Are these add six zeroes to All 1951 1952 jobs Gross National product National income private savings value of new construction outlay for new plants and tools consumer credit corporation prof its before taxes Cliency in and broaden ing of free Trade areas so that the maximum economies in production May be Market wide arrangements like the european Coal and steel Community Schu Man plan offer much Hope the said that while Perr Mormance of Western european countries and Japan in rebuilding their War shattered economies has been their Hopes for eco nomic stability still depend upon More Industrial product investments the Council said that Lon term investments abroad by the would help the balance pay prospects for increasing the flow of such capital abroad Are Only on european Trade the Council noted since the end of world War ii the worldwide Dollar earn Ings problem has been Felt most acutely by the countries of West Ern in every year except 1950 and 1952 Western Europe has been forced to sell Gold or draw on Dollar balances in order to Settle accounts with the United states despite economic the Council said that Western Europe had attained its prewar level of exports to the by the Start of 1950 and by the end of year the level was More than twice As by comparison their import volume was Only 12 per cent greater than being held Down largely by imposing sacrifices on european chemicals the exports of nearly All coun tries were swollen in 1951 be cause of the abnormally Large shipments of such Short Supply commodities As steel and Chemi cals to the in 1952 they de in terms of advances above the 1938 level which was abnormally Low Germany and the nether lands have had most Success in expanding exports to the United until the estimated governor will not run 16 Republican Alfred Driscol of new Jersey announced he will not seek a third term in the primary election next Spring Index of Quantity of exports from France to this country was above that of All Western european countries largely be cause of extraordinarily High exports of steel and Industrial Al Cohol to the United in late while demand of the United states for foreign steel and Industrial alcohol internal inflation in France tended to divert Export Type goods to the Domestic Market with a resulting Sharp decline in volume of French exports to the United through exports of the United kingdom to the Dollar area were prevented from keeping Pace with those of Western Europe As a whole by the Strong Mand in other Sterling area count in Many cases supported by Domestic inflation Factor although Western exports to the have reached a substantial volume in recent it might have been Able to do even better had not inflation either in certain european markets or in other foreign markets made sales elsewhere easier and the report citing efforts to help boost foreign the Council said the has encouraged develop ment of larger especially through its support for Trade liberalization measures such the general agreement on tariffs and the european payments Union and the Schuman an expansion of Lon term investments in under developed areas would help finance the for eign demand for while expanding the Supply of War mate rials Ift which we Are where import quotas Are essential to the carrying out of important Domestic we should make them As Liberal As the buy american requirement with respect to foreign purchases by the Federal govern ment should also be liberalized or we should also reduce tariffs and simplify our Trade restricting and uncertainty Breeding customs so that foreign producers will have increased incentives to use mass Selling techniques advisers split in Outlook on recession 16 two members of president tru mans Threeman Council of eco nomic advisers saw some possibility of a recession by but the third John by sharply dissented from this Clark refused to join the others in drafting two lengthy chapters of the councils yearly the chapters dealt with Long Range future prospects and poli cies needed for maintaining pros Clark said plans already made should assure full employ in his annual economic message to the president and his advisers forecast reasonably stable full employment and boosts in personal wages and business earnings this big output seen the president said that if the proper policies Are followed the nations output could hit a year 10 but the Council said a deflation Ary trend might set in late this year if business adopts a gloomy Outlook of the future or the new Republican administration makes Sharp changes in the present government the two Council members warned that continued Sag in farm income and reduced defense spending could throw the nation into a recession by 1955 unless business and government take preventive the two members Art Leon and Robert dissenting opinion dissenting on the possibility of a recession said that planned government expenditures will support a Fullem played if business slows he the policies adopted during the past 20 years should bring about an Early reversal of the downward As they did in without any additional action by both Truman and the coun cil said it is too Early to Cut the Council recommended that the tax cuts now scheduled for 31 be postponed until a year or two from now when they May be needed to support Truman and the Council also urged Congress to retain stand by Price and wage but they differed somewhat on the Speed of lifting present Truman favored a go slow policy on the Council in our the Council him recommended lifting controls As fast As is safely Lana on Topping takes skater As 5 Salt Lake 16 a Henry Bob tin plate has taken As his fifth Bride a former ice skating in Struc Tress at Idaho Sun Valley Topping revealed he was mar ried Here tuesday to Mona Mae he declined details of the toppings last wife was Lana who divorced jury indicts Mcmillan on land Deal 16 John Mcmillan was indicted Here on a charge of violating a Law prohibiting Mem Bers of Congress from entering contract with the the indictment was returned be fore District judge Alexander Holtzoff within two hours after at his own had appeared before a grand Mcmillan had said he sought a determination of the situation him provoking a More or less Friendly action to clarify the Situa Tion and see what rights i 51 Oil lease the grand jury was assigned to study whether Mcmillan violated Federal connection with his 1951 Purchase of Oil lease rights in Utah from the Interior depart the Law involved prohibits Mem Bers of Congress from executing or holding an interest in a contract with the Federal it provides a maximum upon of a Mcmillan said the leases covered 15qo acres government owned land in Utah for a3year he said he paid Mcmillan told reporters the leases were cancelled late in 1952 on the ground that As a r of was not entitled to enter into two generals retire 31 new 16 maj Gen Leland 1st army Deputy will re tire from Active service it was announced Hobbs will then accept a position As a Vic president of the colonial Trust Hobbs 37 years of army service has spanned both world wars and duty on the mexican Border pre ceding world War in world War ii he trained and took overseas to Europe the 30th old Hickory inf commanding it through five major in the army said maj Gen William r e e d e Deputy assistant chief of staff for will also retire up a native of Reeder is retiring at his own re after More than 25 years no successor has yet been Reeder was a signal officer for the theater in world War ii and was assist ant chief of staff for Supply in the India Burma he served in France As a Field artillery officer in world War jilt etl s89 kills self a1 n j c 16 up an insanely jealous Middle aged Lover shot and critically wounded a Bride and her doctor husband whose on month marriage he had broken then committed v police said Horace flew into a rage when Autrie car went Back to her James this week after having left Nim last week at Oles Oles followed her to Carters of fic apartment in this Long Island Community and shot her and the doctor when she refused to leave with police he then committed the Carters were married 16 after the woman left with whom she had been carrying on a Romance for five police Oles was a former investigator for the Suffolk county District at Torney and later a the a graduate of served in the army four years and was discharged As a major in the medical Maestro at trousers do Glissando Santa 16 con Ductor of Santa Monica sym phony orchestra had just reached the Crescendo in t h e Romeo and Juliet overture when it the who has been dieting pointed his Bat on at the brass stood on his whirled the Baton then As sounds of horns and Drums rent the Langes trousers fell to the Lange missed Only about two he pulled his trousers Back up Over his Royial Blue shorts and went on with the Lange is going to forsake his diet and take another notch in his Belt for extra in
