DO WE VALUE OUR CIVILIZATION?

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP75-00149R000200330109-7
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 4
• Document Creation Date: November 16, 2016
• Document Release Date: March 17, 1999
• Sequence Number: 109
• Publication Date: May 17, 1960
• Content Type: OPEN

171960
Approved For Release 2000/05/24: CIA-RDP75-0?64200
CONGRESSIONAL RECORD - APPENDIX
out of the
ments'?
do well to avoid the sam
that papa knows best
with the "great white father
or any other capital city.
Let us
t.
We Value Our Free Civilization?
both catastrophies, nuclear war and enslave-
ment, by remaining militarily strong and
standing firm against aggression. This is a
potent argument. It is a tangible argument.
It is a demonstrable argument that has thus
far worked. It is the basis of our national
policy. It has been exhaustively debated, its
tenets are widely known, and I therefore
forego discussion of it today in favor of the
second argument against neutralism, which
is less understood and little discussed.
This argument maintains that the politi-
cal destruction of Western civilization and
its system of free institutions constitutes a
death for its people and its nations just as
violent, just as hideous, just as final as nu-
clear destruction itself, that there is little to
choose between nuclear physical destruction
and Communist political destruction.
The detailed knowledge of communism in
all its aspects is available; indeed it is abun-
dant. But the evil of communism Is so alien,
so appalling, so far removed from anything
in our own experience, that our intellectuals
and our people ignore the evidence.
By and large, men believe what they are
prepared to believe, what is familiar to them,
what jibes with their own experience. We
ignore the clear signs in order to retain our
familiar conceptions. We shield our eyes
from the reality of communism or we lack
the intellectual curiosity to inquire into it.
On the supernatural level, we have read
In the lives of the saints of occasions when
they were granted visions of human evil as
God sees it, and the sight of this evil in its
true light was so loathsome, so horrible that
they felt they would die were the visions not
Instantly withdrawn. And ever after they
would die rather than commit evil.
So on the natural level, a true picture of
atheistic communism would so repel the
freedom-loving peoples of the world could
they but see it, that they would risk all that
they have to defend themselves and their
posterity against it. Our task is to bring
this true picture before them in every way
we can.
Communism can win only in darkness,
deceit, error, and falsehood. Freedom can
win only in light, candor, logic, and truth.
This struggle must be fought on the in-
tellectual front. Once we have won the
intellectual struggle for men's minds, the
other battles will be easily won and com-
munism will be remembered in history as
just another mental plague and torment that
cost men dearly.
Your Freedom Institute is a great and
early arsenal of truth and freedom. I con-
gratulate St. John's University for exerting
leadership in this field as it has throughout
its distinguished history in so many fields
of learning.
I hope that the Judiciary Committee of
the U.S. Senate will favorably recommend,
within the next few weeks, the establishment
of a National Freedom Academy, an acad-
emy which aims to do on the national level
EXTENSION OF REMARKS
OF
HON. JAMES J. DELANEY
OF NEW YORK
claimed by high American officials as their
political platform.
Men and nations have frequently betrayed
their best interests through fear but they
have generally rationalized and disguised
their cowardice and not publicly proclaimed
it. Surrender, if it comes, will probably
come in more subtle ways, but the end re-
sult will be the same. We need not look,
therefore, for base pronouncements. We
must seek out the trend in less obvious signs
and guises. And such signs are not wanting.
When the preservation of freedom In West
Berlin appeared to run serious risk of war a
year ago, there was no dearth of advocates,
at home and abroad, for a policy of conces-
sion and retreat that would temporarily
avoid risk of war at the probable cost of
freedom for West Berlin.
There is today a rapidly growing move-
ment, well organized, well represented in the
press, movies and TV, in the scientific com-
munity and in government, people so fear-
ful of the risks of the cold war, that they
are willing to accept nuclear disarmament
on almost any terms, with or without an
adequate system of detection and enforce-
ment.
These people are not concerned that this
could condemn the United States to a mili-
tary inferiority which would make our even-
tual surrender or destruction inevitable.
They are concerned only with their fears of
the present.
And then we have the school of British
intellectuals now openly advocating what our
own "softies" have heretofore kept below the
surface. This group, headed by Lord
Bertrand Russell and Philip Toynbee, be-
lieves that we must give up nuclear weapons
lieves
HOUSE OF REPRESENTATIVES
now to assure that they will never be used
Tuesday, May 17, 1960 against us, that we should seek the best
terms from the Soviets we can get; but if
Mr. ]DELANEY. Mr. Speaker, the they should be totally intransigent we should
Freedom Institute of St. John's Univer- give up nuclear weapons anyway, and submit
sity, Jamaica, N.Y., is designed to inform to Communist control as a preferable alter-
students at the graduate level of the native to carrying on the present struggle
nature and evils of communism as con- that might lead to nuclear war.
trasted to the priceless gift of freedom. Toynbee states the basic philosophy of this
In view of the developments at Paris, group in the following sentence:
"In the terrible context of nuclear war,
the following eloquent address given by even the vital differences between commu-
Mmmding 1JODn at the ConVOCa- nism and Western freedom become almost
Free om'"Citute on May unimportant."
particularly timely, and I Almost unimportant.
t0 the attention of my col- This is the neutralist Intellectual's equiv-
alent _of "I would rather crawl to Moscow on
n Az TIIE my hands and knees than be killed by an
:: :- .:^Z.? ~ ,,,~,t01nio bomb."
ON OF THE FREEDOM NST It does not matter to these people that by
UNIVERSITY, JAMAICA, N.Y,., MAY ing our strength we maintain a good
y c ance of preserving both our lives and our
On Thursday o his week, during debate freedom. It does not matter that the blood
on the Senate floor, I had occasion to refer bath which historically follows every Com-
to the Pulitzer Prize-winning novel "Advise munist seizure might take more lives than
and Consent," which pictures an America of the A-bomb. It does not matter that the
a few years hence, an America in which existence they purchased by surrender would
demagogs can inflame huge gatherings and be only the exploited existence of a Commu-
bring them to their feet cheering with the nist slave.
slogan, "I would rather crawl to Moscow on it matters only thpt the element of risk
my hands and knees than be killed by an is large, and that, to them, any considerable
atomic bomb." risk to existence is a greater evil than the
Should this book prove prophetic, it will loss of Christian civilization. They are so
mean that, our people have rejected the overwhelmed at the horror of nuclear de-
choice between liberty and death made by struction that all other values are for them
Patrick Henry and the Founding Fathers, the already destroyed and are rendered relatively
choice which drew the cheers of America meaningless.
from 1775 down to the recent past. Whether this neutralist philosophy will re-
The fundamental question before the in an isolated view held by an insignifl-
Unlted states and our free world allies in cant group, manifesting itself infrequently
the coming decade is this: Do we value our in test ban rallies or 1n'6ccasi6nai picketIng
free civilization` enough -to ruff all the risks of Downing Street and the White House; or
and meet all the challenges which the Com- whether this poisonous creed will seep into
muni.sts will force upon us in the years the marrow of our national bone structure
ahead? It is in the context of this ques- and paralyze us, will depend upon whether
tizrnr that I- would like to discuss the subject our people really understand, or can be
that has been assigned to me ,today-"Po- brought to understand, what the loss of na-
litical freedom under a representative gov- tional freedom and subjection to Communist
ernmsnt and In a totalitarian state." tyranny would mean.
t-do not think itt likely that an ignoble `There are two basic repfies to the neutral-
surrender policy will ever be publicly pro- 1st position. The first is that we can avoid
what the Freedom Institute is doing here at
St. John's University.
It is a relatively easy thing to imagine
the horrors of physical destruction brought
on by a nuclear attack. It seems a difficult
thing for people to understand the meaning
of the political, moral, and social destruc-
tion that is involved in the communization
of the civilized world. We cannot even
grasp the full extent of it by looking at what
the Communists have done already in the
areas they control. For they have been un-
able to completely work their will on their
subject peoples.
The existence of a great and powerful free
community exercises a restraint upon them.
The public remembrance of the old order
still limits them. The need to concede some
things to the wishes of their subjects still
restrains them. 'Should they conquer the
world, and thus gain complete security, they
could work their terrible will unrestrained
Approved For Release 2000/05/24: CIA-RDP75-00149R000200330109-7
 Approved For Release 2000/05/24: CIA-RDP75-00149R000200330109-7
A4184 CONGRESSIONAL RECORD - APPENDIX
and put into total practice their dialectic habitual attitudes, our character, our per-
which is as yet only half realized. sonality-all this would vanish.
Prof. Gerhart Neimeyer, of Notre Dame Every aspect of our lives, from the sub.
University, has described the meaning of lime to the ridiculous, would be swept away
Communist rule in a brilliant essay, a classic, and in its place erected the insane, irra-
recently appearing in Modern Age. tional; antihuman regimentation of every
Dr. Neimeyer says at one point: phase of life, which requires not mere sub-
"'Communism Is destructive with a novel mission to evil but. active participation in it.
quality, not mere injustice or mere unfree- Again to quote Dr. Neimeyer:
dom, but the ravaging of the reality of hu- "Their rule is 'not of this world,' not of
man life by the spirit of dogmatized unre- the world of present reality, but of the un-
ality. Western intellectuals understand the reality of speculative fiction. That is why
danger of material destruction, which Is, aft- their hostility to the present-day world is
er all, simple and obvious. The quality of so unrelenting. That is why they impose
Communism's destructiveness has so far their party line not merely to secure their
escaped their grasp. To understand it, one power, but to combat the expressions of the
must get oneself to enter a mental World of present-day world in art, poetry, music,
distdrtion, reason perverted with the aid of philosophy, and religion. That is why they
force, half-truth set up as dogma, deceit are never contented with mere compliance
espoused as norm." under their rule, but always seek to break
If the Communists sought only to rule the their victim's mind from the world of com-
world, then the danger, could be judged in mon humanity, to attach it to the cause of
the same light as that of previous aggressive the dialectic future, to bring about its in-
tyrannies. But they want more than to ner transformation by means of self-criti-
rule the world, They want to destroy it and cism or public confession. That is why they
remake it in the image of their insane cannot stop lecturing even to their life-long
dogma. enemies in the inhuman setting of the prison
To the Communists, everything that we camps. That is why there can be for them
hold to be true is false. Our ideals, values, no truth, ethics, wisdom, save in the party's
customs, loyalties are to him parts of an will, why ever act of the party's power is to
Ugly system he is determined to destroy. them hallowed through its service to the
Our concepts of God, the Individual, the dialectic of history. And that is why Com-
family, truth, love, freedom, justice are to munists, in their relations with men and
him objects of hatred and derision. women of the present-day world can never
But our world haunts him. He cannot be achieve peace, no matter how strong a struc-
content just to deride us and wait for our ture of power they erect."
demise. If our truths are real, then his life For the existence that we have known,
is a senseless nightmare. He must banish Communist rule would mean a death as
our values to vindicate his own. final as the grave. And our despair would
In the long run, therefore, our death be- be magnified by the sight of our children
comes essential to his life. He is locked and grandchildren born into and growing up
tight in an irrational system which admits of in a world alien to everything once cher-
no truth or standard of measurement out- ished-a world of darkness, a world without
side its own dialectic, faith, a world dead to either temporal or
To the extent that he is a'Communist, he eternal realities.
abhors the non-Communist world and is This is the fate which the avant-garde of
compelled to work for its destruction. To the neutralists is willing to accept now if
the extent that he is a Conununist, he can they can thereby purchase the guarantee
know no peace. He is driven on by a desper- that there will be no war; death of the soul,
ate Inner compulsion toward the destruction death of the spirit, death of the heart, if
of the existing world order. only the body is permitted to live.
The only priority ahead of the destruction Failure to understand the evil of com-
of our system Is the building and preserva- munism is only half of our problem. The
Lion of his own, The only restraints upon other half is that so many free people do
his designs against us are his fears for the not understand the meaning of Government
safety of his own system. in their lives, nor the significance of free-
The threat of Communist subjugation, dom.
therefore, differs from the threat of all pre- They tend to downgrade the importance
Vious attempts to conquer the world. Here of our political structure. They tend to
Is no tyranny which seeks domination only think that we work out our destiny, our
for the sake of power, or spoils, or exploita- happiness in the private sphere of life and
tion, or even the gratification of limitless that the public sphere provides only util-
ambition. Here is a depraved Samson which ities, peripheral benefits, law, order, safety.
seeks to pull down the pillars of the presenlt They think that a change of government,
world and raise in its place a structure such or a new system of government, might cause
as man has never seen. How would our acme distress, some Inconvenience but it
lives be changed should the Communists would not reach the heart of our existence,
achieve world domination? What would it need not intrude upon the inner sanctum
Communist rule mean in America? of our lives.
The revealed truths of religion would be Many of our people regard government as
thoroughly and systematically stamped out. a nuisance, a game of 'spoils for politicians,
Religious instruction and services, the Sac- a butt for jokes. Many think that what-
rarnents, the means of grace which we hold ever degree of content
t
d h
,
men
an
appiness
to be essential for the salvation of the human they have achieved has come about inde- destruction comes upon all material things.
soul, would be made as unavailable as per- pendently of, or in spite of our political In the century-old words of Cardinal New-
verted n;an can make them, Knowledge of institutions rather than in large measure man:
the true goal of our existence, eternal life, because of them
"The world
asses
th
l
ft
.
p
,
e
o
y palace
.would be erased insofar as it is possible for These assumptions are tragically errone- crumbles, the busy city is mute, the ships
it to be erased. ous. The extent to which our lives are in- of Tarshish are sped away; death comes upon
The concept of private property, around fluenced by public institutions is diiilcult to the heart and the flesh. The veil is break-
which so much of our daily life revolves, exaggerate. Our education, our develop- ing."
would be swept away. The fabric of free rnent, our ideas, goals, hopes, are all heavily It is not the circumstance of death, but
choice, through which we shape our lives influenced by a variety of public institu- the moral quality of life that has eternal Big-
by thousands of our own decisions, would be tions
These institutions r
nifi
fl
a
t th
.
e
ec
c
nce.
e basic
unraveled. Family life as we know it would ideas of our people about God, about the Let us help our countrymen to react to
disappear. Our free associations would be nature of life, the destiny of mankind, the the risk of nuclear death not with a craven;
gone. w,a
+h
t life -,.
uld
y
a
o
be
r-~aue yr country, respect or law, satis- Our public institutions determine whether value in return for the wormlike existence'
faction with our basic, political and social our home is our refuge or a mere extension of Communist slaves for ourselves and our,
order, all of which so much conditions our of the state; whether we live with our neigh- descendants. Let us help them to regard'
Approved For Release 2000/05/24: CIA-RDP75-00149R000200330109-7
bore comfortably as with friends, or fearfully
as with spies; whether we raise our children
according to our lights, or surrender them to
the state; whether we are free to work out
a private life of our own making, or have
no private life, but only a public existence
ordered to serve the all-consuming demands
of the state.
If our public institutions reflect our re-
ligious, ethical, and social ideals, our per-
sonal growth can take place with a certain
harmony. If they do not, we are at best
dogged with doubt and confusion and, at
worst, reduced to hopless frustration and
neurotic helplessness.
If there are no religious or ethical con-
victions reflected in public institutions, but
only a ruthless program to exterminate them
and replace them with false gods and dis-
torted truth, then the purpose of human life
is so frustrated, the goal of life is so obscured,
that it is really dehumanized.
And so the uprooting of public order, the
destruction of this system of free institu-
tions and its replacement with an order
which is totally alien would wholly destroy
our mode of existence as we have known it.
This is a death as real as physical death
itself.
And as the public framework is pulled
down, as the churches are destroyed, as our
ideals are uprooted, as human knowledge of
God and His revelation is blotted out, as all
the moral refinements and elevations of hu-
man nature wrought by thousands of years
of our Judaic-Christian heritage are eroded
away, our descendants may be condemned to
a death infinitely more final than physical
death, for we leave to them a world without
the instruction, the aids, the instruments of
grace which are necessary to man's eternal
salvation.
That is the argument that I would make
to the neutralist intellectual. But I would
make It with scant hope of success, for in
many ways he Is little better than the Com-
munist.
He is the lukewarm, for whom Christ re-
served perhaps the most severe condemna-
tion of the New Testament.
Convinced that there are no moral abso-
lutes, he can wholly commit himself to noth-
ing and he finds nothing worth suffering
greatly for or giving his life for. Convinced
that there is no life beyond the grave, ani-
mal survival is to him the ultimate reality.
Fear blinds him to his own best interests;
pettiness robs him of the magnanimous
courage to risk all for the sake of posterity;
pride compells him to cloak his fear and
pettiness in the mantle of high, noble mo-
tives. All he can offer the civilization which
has given him life and growth is the whim-
pering counsel of despair and abandonment.
Only history can tell how much of our
intellectual community deserves this de-
scription. We may fervently hope the por-
tion is small.
Any philosophy or political program which
aims at the avoidance, of death or destruc-
tion is foredoomed to failure.
Death, in the end
comes to all men and
 Approved For Releas 2000/05124 : CIA-RDP75-001498000200330109-7'
CO RESSIONAL RECORD - APPENDIX
do 2-(January 9, 1958) Into the U.S. Senate to
save this "hem off the vast garment of Texas
resources." Only slightly ahead of YARsoa-
OUGH, perhaps, is the Texas Observer, a lib-
eral newspaper which gave the seashore plan
a dawning and constant support.
rving this Texas island for public use have
Oregon, champion of national conservation;
Fred A. Seaton. Secretary of the Interior;
Project Support Continues To Grow; SON, Texas senior U.S. Senator.
Dail Texan and Corpus Christi 2. Via the editorial route, the New York
the Daily Times lent its prestigious endorsement.
death. as the time of judgment, the time of
entty~into immortality.
Leta our people live, and if need be die, in
defense of our faith, our freedom and our
ebuntry,`conftdent that our individual des-
tiny and the survival of our race is yet in
the ;hands of Divine Providence, a Providence
which, if we but' act our part with courage
and loyalty, may yet -ordain for us and our
children a full, natural life in a world in
grbich the peace of a just political and moral
Caller-Times Call for Action
EXTENSION OFD REMAl1,KS
YARBOROUGH "Padre Island presents one of the
maining opportunities for this Natic
UNITED STATES state. In future years, Ameri
resident, of ocean shore unaltered o
t:
HON. RALPH'.
THE SENATE OF
i
Tuesday, May
Mr YARBOROUGII. N
merit of-a National Seashore Recre
nine, These words are a direct quote
from an editorial published in the May
8, 1960, edition-of the Corpus Christi
Caller-Times. The editorial goes on to
urge; the Congress for approval this ses-
61on of the proposal to establish a great
,new, national seashore recreation area
on Padre Island, the longest and south-
ernmost beach in the ration.
The Daily Texan; in its panorama page
of May 8, 1960, also published a full page
of articles concerning Padre Island, and
at qne point listed those who are sup-
porting the proposal. The panorama
page prepared by students in the Uni
moils consent to have printed in t
"Padre Island, U.S. Longest
shore, May Become National P
printed in the Appendix of,,The RECORD
the editorial from the May $, 1960, issue
of the Corpus Christi Caller-Times en-
titled "National Seashorefl
There being no objecttc h, the excerpts
anc editorial were ordered to be printed
ine RECORD as follows:
[Front the Daily Texa1, May 8, 1960]
PADRE ISLAND, UNITED STATES LONGEST ISLE
SEASHORE, MAY BECOME NATIONAL PARK
''Here''s one, exclaimed the little girl as
- e pick ur, afiother sand dollar on the
increases annually just as
price on Cape Cod.
commands more than 350,000 tourists each
year. Isn't it possible that Padre will do
the same for Corpus and the other sur-
rounding, smaller cities?
[From the Corpus Christi Caller-Times, May
8, 1960]
NATIONAL SEASHORE
The vast majority of Texans aware of the
proposal ardently desire the establishment
of a national seashore area on Padre Island.
There are no insurmountable obstacles in the
tion of virgin natural beauty for posterity.
The plan has been approved in principle by
all Federal, State, and local officials whose
agreement, is essential to the accomplish-
ment.
The problems of private property rights,
mineral development, naval activities, and
administrative jurisdictions remain to be
finally negotiated. But the area of agree-
ment has broadened on these matters to the
point where satisfactory solution appears as-
sured.
The main snag now is the difference be-
tween the National Park Service's recommen-
dation that the wilderness park cover an 88-
mile stretch of the island and the 56th legis-
lature's 50-mile limitation in its 1959 consent
resolution. That difference surely can be
amicably resolved, or compromised; the con-
cern is that the settlement should not be
unnecessarily delayed.
It has been suggesteft that Congress post-
pone authorization until the Texas Legisla-
ture can consider expanding or removing its
50-mile limitation, but that would waste
valuable time. One sees no reason why Con-
gress could not approve an "open end" au-
thorization, and leave if to the Federal ad-
ministration to negotiate the actual size
with State authorities.
There is no doubt that the Federal park
officials want to develop what is best for this
area and this State, as well as for the national
heritage. What the people of Texas, and
particularly the gulf coast, should now insist
upon is the fullest measure of cooperation
from their State officials and representatives
in Washington to carry this plan to a speedy
and successful conclusion.
To preserve America's longest beach will
vide not only an outstanding area for
experience a wild spaciousness that is their
heritage * * *."
What's more, Padre is what one might call
an inviting beach because it,occupies the
same latitude as the south Florida coast;
the average January temperature is 57 de-
!trees -(average July temperature, 83) ; and
have year-round appeal. ?_ _- ~- ,,...:,,o~~ +._,,e arc rnnrerned_
education,
rip }i excitement, the orotner mreaueu W 1 11 14D N~"u =_~_ __ .. --?5-- ---o- - N =? ?-w--~-
on Tier words, "Let's make nickels and pen'ing as a decisive magnet to the cult of con- called Federal aii
8truction, Corpus is turning thumbs down Lion? Should we
pies.
Tp their individualistic way, the 'two oii the slum-happy character of North eral control over edu tion by undertak-
yOungsters were iinderfining the capitalistic Beach, its ancient playground-ratty ap- ing a mammoth $9751lnilliOn grant and
venture and size squabble that remain just pearance is deserting this whole area. aid program for school construction?
abq]rt the only bid hurdles left before Padre Corpus is prim 1 ng f or a or etual influx p p On the question of need, the U.S.
faiand can become a national seashore. of the tourist dollar. Look what has hap-
1 eading' a puffing to'' `' 'r recognition'of pened to the primitive Cape Hatteras sea- Office of Education states that the peak
am f
.seashore designation is Texas junior Senator,. shore in North Carolina. This area now need for new classroom construction has
Aaaroved.For Release 2000/05/24: CIA-RDP75-00149R0002003301'09-7
Federal Subsidies Inflate School Costs
(H.R. 10128)
EXTENSION OF REMARKS
OF
HON. 0. C. FISHER
OF TEXAS
Tuesday, May 17,1960 *
ER. Mr. Speaker, in consid-
Is it good business to
to Washington and get
 `Approved For' Release 2000/05/24 ':.CIA-RDP75-00149R000200330f09-7
.:. CONGRESSIONAL.,.ECORD - APPENDIX May 17
shrinking effect of sending it to Wash- o A study ofe history of Federal aid FOUR-AND-ONE-FOURTH-PERCENT BOND
s o ten sent that the above referred to article
payer's standpoint to send a tax dollar Mo ver, Mr, aker, I think most from the New York Herald Tribune be
to Washington and get back only a per- people ree wit he warning so often
boil oi', it, to help build classrooms? Or, given b the la Senator Robert Taft There printed in being ein Ano obje tithe the arts.
article
on the other tland,would it not be bet
from ter, when he id: ederal aid means Fed- no objection, the
the taxpayer's standpoint, to retain eral cent t- mhara ;~ ? .?;,aralo was ordered to be printed in the RECORD,
tiop the facts ,do not support the need i the brokerage f aid to the Gov- a ex is ng ceiling be re-
for this form of Federal aid as proposed. er ent on each ax dollar spent moved.
Second, is it good business from a tax- am t t 3n n Mr. President, I ask unanimous eon-
by the bill's ropon J Tr1 e, headed up the team of financial
p ent . the Secretary of Labor in that particu- ers who contributed to this under-
That, same ot$ce, after recent sur- lar community were substantially higher in,,
vey, reports that only 23 hool dis- than the prevailing wage that existed One of the articles included in this sec-
tricts ,111 45 %,totes (embrac' 5,000 dis- there, although it may have reflected the tion and which is of special interest deals
tricts) have exhausted .all urces of prevailing rates in a locality that per with the President's request that the in-
borrowing for classroom co truction. haps included a metropolitan area. terest rate ceiling on long-term Govern-
The total classroom need in ese 237 I have pointed out that the tax d r ment bonds be removed. The writer of
bpr
rowed-up .districts was 1 than that is sent to Washington and c es this particular article indicates that the
3,iO0; and 45 percent of the dish s had back later in the form of Federal , is Nation's savings banks and related thrift
fewer than 600 pupils enrolled, a smaller dollar when it return 0 its institutions favor the removal of the ar-
Yt is also significant that aim 50 place of origin. I do not know t how bitrary and unrealistic 41/4 percent curb
per ell of all classrooms used in 59 much of its true value is 1 in this on the Treasury Department in the fi-
have been built since World War . form of Federal aid. In t field of nancing of the national debt.
Moreover, It is estimated that on a - Federal aid for slum clear e, for ex-
I heartily agree with these sentiments
tional average property values for sch ample, it is said that some 1/2 cents of and am hopeful that the legislative "log
tax purposes are assessed at 30 perce - each dollar is consumed the Federal jam" on the interest rate issue will be
of real values.. overhead expense of in g the dollar cleared so that Congress can enact the
It would seem self-evident, therefore, vailable and return o its original much needed and widely supported re-
that, In. the face of available. infQrrna- urce. And in the ca of public hous- quest that th ti
e
e an icipa wages ranged from 40 cents to $1.25 istence Jor mutual savings banks. Don-
nnual classroom nstri ction rate, more per hour than local wages for the aid I. j ogers, the able and articulate
withouut Federal aid, more than meet same kind of work. It appears from buss ss and financial editor. of the
future requirements- as estimated this example that the wage rates set b
been passed, From that source it can It can be seen that the federally set marking Qle 150th anniversary of the ex-
also be assumed t t +1, +' t
d
_ auaV11J allll 101lli6 ceiling on long-term Treasury bonds could be
dollar iii the construction,of classrooms, under wh' it is be spent. We be- a major factor in determinin
th
fl
g
e
ow of
and with no strings attached in the use gin with here b the application of savings into the Nation's thrift institutions.
ghat is made of it?
the Da Bacon ac ght at the incep- Although the Government expects to have
On this subject of costs, it is necessary tion, Uncle Sam ictatirig to the a balanced budget in the current fiscal year
-for local interests to take into.consider- local munity, how ch they must and anticipates a surplus of $4,200 million
ation section 8 of the pending bill, H.R. pay t laborers who do work, with- the following year, the Treasury still faces
tS a 8, (a) The state educational agency the age rates that~mayya ally pre- The Government must refinance $58 billion
Of each State which receives funds under Va.i in a. nnr+.im,lnv of maturing securities during 1960. How
7ucu/ineD eviuenu, unereiore, at it oonas and now much must be placed in notes
Coaunisssoner that all laborers, and me- t taxpayers' money is to be s t to or bills will have a great influence in deter-
tractoactosrs in the employed pa e orforrmmaacnce e of or woork rk n- on ashington, then returned for local e, mining short-term rates in the next several
tra
money
wages at rates not less than those grevailin that the people must pay if they shoos; ce'y etine capital treasury market can when get it mmuchust labor
on. de similar construction in the locality to make use of Federal aid on local the 41/4-percent ceiling on long-term
determined by the Davis-Bacon Act, projects of this nature. ties. Thus the Treasury could be
Adifficulty often encountered in a Therefore, while certain Federal aid into the short-term sector of the
two construction jobs: the "financial straitjacket" described by Mr.
Heisler, that the Government Issued the
?'ro t, .._, - Ta+1rmL*TrcrnA, r;Z, r~r.,wr. r,r~r. -. _ _
ll
Sn a a
Federal funds were used pPort by mutual Savings Banks for the no al straitjacket
which gripped it through much of 1959."
Here are the w .
age rat applied to the President's Position on Interest Rates It was in 1959 when the Treasury was in
not to be discounted this summer and fall,
Federal funds were used, d the New with the possibility that the Treasury may
Knox Elementary School upon which find itself back sn th fi
i
that fact. Two schools wer recently so to assume this responsibility on a "However," he adds, "the picture could
built simultaneously in Selma Ala.--the local level, and keep Uncle Sam out of it. change without warning." Although he goes
EdgeWood Grade School, up which no on to say, "A rise in the cost of money is
.......... y,, ...wJ a ceiling le lotion will-not be enacted now
prevailing wages in a locality, b not proposed. Unless there are compelling in view of a recent sharp decline in yields
those that prevail in a particula Com- reasons to justify such activities, it on Governme t securities," says Kenneth G.
munity. would seem the better part of wisdom to Heisler, man g director, National League
Common labor ------------------
Carpenter-_.....................
Concrete ftnisber_.-_-------_
Concrete mixer and traveling
inacbine operator ...............
Edgewood
School (no
Federal
funds)
$0.75
1.75
1.75
Knox
School
(Federal
funds)
$1.15
2.25
2.85
HON. KENNETH B. KEATING
Or NEW YORK
IN THE SENATE OF THE UNITED STATES
Tuesday, May 17,1960
Mr. KEATING. Mr. President, the
Sunday, May 8 edition of the New York
Herald Tribune contained a section
'rne results were anticipated, but perhaps
not on the scale which actually took place.
Depositors at savings banks and other thrift
Institutions withdrew funds In order to take
advantage of the higher yields being offered
by the Treasury bills.
Thus savings banks found themselves in
direct competition with the U.S. Government
in the matter of collecting savings of the
general public. And it is entirely possible
that such a thing could occur again, though
Approved For Release 2000/05/24: CIA-RDP75-00149R000-200330109-7