The BaUaltoh College Station (Brazos County)? Texas
PAGE 8 Thursday, October 31, 1957
Nation Rests After
Financial Upheaval
WASHINGTON, —(/Pi— Presi
dent Eisenhower said yesterday
the nation’s economy is “taking a
breather after a long surge of ris
ing effort.”
Eisenhower told his news con
ference he sees conflicting factors
. at work on the economic scene—
and not all of them either on the
downside or the upside.
The government, he said, is
watching’ all sectors of the econ
omy very closely so officials will
“be ready to move in when they
possibly can.”
Presidential advisers, he report
ed, are also keeping tabs of the
stock market “as an index of the
confidence of people” in the na
tion’s well-being.
Pi ices of stocks fell sharply ear
lier this month but recovered some
of the lost ground after Eisen
hower announced he would made a
series of speeches expressing his
faith in, among other things, the
soundness of the economy.
Eisenhower said his advisers
felt at one time “the stock market
was unjustifiably high.” But he
said they also “realized that any
shocking break always destroys or
damages confidence in America.”
“The feeling of people—is this is
the time to buy or is this the time
to do nothing -is very important,”
he said.
Syrian-Turkey
Peace Unlikely
As UN Splits
UNITED NATIONS, N. Y.,
(AP)—Rival plans for set
tling 1 the Syrian-Turkish bor
der crisis were submitted to
the U. N. General Assembly
yesterday. They reflected a split
in the 82-nation body and it ap^
peared doubtful if either would
get the required two-thirds ap
proval.
Syria, which has been contending
for more than three weeks that
Assembly appoint a seven-nation,
fact-finding commission to investi
gate the situation on both sides of
the border.
The commission would go to the
trouble area immediately and re
port back to the Assembly and Se
curity Council within two weeks.
Syria and Turkey would pick two
nations each, and three others by
common agreement within three
days of Assembly action approving
the commission.
As for his planned speeches, he
said the first one will be announ
ced at a very early date.
One questioner told the President
spotty economic conditions seem
to indicate a significant depres
sion. The reporter wanted to know
if Eisenhower felt it would be
worthwhile to call a conference of
business and labor union leaders
to hash over the situation.
Eisenhower noted that the ques
tion assumed a depression in the
offing and continued: “There is
no question that the economy is,
in effect, taking a breather after
a long surge of rising effort of all
kinds that have produced almost a
miraculous upsurge in productiv
ity and prosperity in America.”
There is some increased unem
ployment, he said, and “some dis
appointment I think in the sea
sonal upsurge of fall buying.” But
he added that the demand for
money is just as great as ever.
With these conflicting indica
tions, he said, “all you can do is
get the very finest brains together
that you can and sed exactly what
is the best thing government can
do.”
He indicated he would rely on
government brainpower to do this
and said he woul davoid “spec
tacular” White House conferences.
Soviet UN Delegate
Plans To Go Home
Syria’s move was countered im
mediately by a seven-nation reso
lution which merely expressed
Confidence that Secretary General
Dag Hammarskjold is available to
undertake tension-easing talks with
.Syria and Turkey, and if necessary
make a trip to those countries “in'
connection with the performance of
his task.”
The resolution, which has the
Support of the United States, notes
that efforts are being made to re
solve the ci’isis. This is a refer
ence to the mediation offer of King
Saud of Saudi Arabia, which has
been spurned thus far by Syria.
Ambassador Farid Zeineddine told
the Assembly his country’s reso
lution is “better than fair,” since
Syria, as the accuse!’, was pro
posing an investigation on both
sides of the border. “Syria has
nothing to hide,” he declared. Zei
neddine did not refer directly to
the Saudi Arabian mediation of
fer, but he criticized efforts to
“sidetrack the matter outside the
United Nations.”
UNITED NATIONS, N. Y.—So
viet sources said today Soviet For
eign Minister Andrei A. Gromyko
pi’obably willl fly back to Moscow
this weekend.
Gromyko has been here since the
U. N. General Assembly session
opened Sept. 17. He had planned to
return to Russia after two or three
weeks, Soviet officials said, but
had stayed on because of the Turk-
ish-Syria crisis.
The Soviet foreign minister ori
ginally had reservations to sail on
the Queen Mary yesterday, but
these were canceled after he de
cided to fly back.
He told a reporter he had not yet
decided when to leave for home.
He added that his decision would
depend mainly on developments.
Gromyko, asked if he agreed
with Communist chief Nikita Khru
shchev statement in Moscow yestei’-
day that there would be no war,
said he had no comment since “We
have no information.”
British Minister of State Allan
Noble quoted Khrushchev’s remark
in the assembly and concluded that
the Soviet government shared Brit
ain’s opinion that “there has never I
been any danger of war in the
Turkish-Syrian problem.”
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