July 11, 1988 EXTENSIONS OF REMARKS 17565 EXTENSIONS OF REMARKS REMARKS OF language and priorities were similar to my development brings to the poorest coun­ PRESIDENT own. tries, $60 goes to increased consumption-in­ TO MEMBERS OF THE EUROPE­ I now serve the four and a half billion cluding consumption of food from efficient AN PARLIAMENT AND THE U.S. people in the Bank's 151 member countries American and European farms. through the 22 Executive Directors on our I can demonstrate that the modernization CONGRESS Board. And those directors have the votes. of an obsolescent steel facility in Latin I propose. They dispose. America will boost the purchasing power of HON. TOM LANTOS I also have responsibility for some 5,500 that region and, therefore, of its imports expert, dedicated, diverse members of the from the United States and the European OF CALIFORNIA World Bank staff. Community. And it will do so without cut­ IN THE HOUSE OF REPRESENTATIVES And finally, I am accountable not just for ting into existing domestic demand for steel. Monday, July 11, 1988 the $20 billion or so of funds that the World I can even show how dependent global Bank Group

e This "bullet" symbol identifies statements or insertions which are not spoken by a Member of the Senate on the floor. Matter set in this typeface indicates words inserted or appended, rather than spoken, by a Member of the House on the floor. 17566 EXTENSIONS OF REMARKS July 11, 1988 ments of Europe and North America-is poverty is often the worst enemy of the en­ confidence that the Lord would help him that multilateral assistance is exceptionally vironment. and that he had done nothing to help. cost-effective. Too often it is not the big logging compa­ The Lord replied, "Well, on the other It may appear to dilute the direct influ­ ny, but the legions of slash-and-burn culti­ hand, I did send two boats and a helicop­ ence of the giver or creditor on the benefici­ vators that do the most harm to the forest. ter." ary, but it actually magnifies the impact of Poor farmers in need of fuelwood are Around the world, the World Bank pro­ a single nation's action by joining it with rarely the best guardians of trees that hold vides the rowboats and the helicopters that others. the soil against wind and water erosion. carry people and nations in danger toward It is at this juncture that the second So in this area of vital importance to the safety and survival. meaning of World Bank leverage joins the survival of all humanity, the World Bank is It is great work and hard work. first. working to ensure that good economics is It is worthy of the full support of great As a Bretton Woods institution, rather also sound ecological practice. nations. than a United Nations agency, the Bank Fortunately, we have new resources for sets its policy in accord with the weighted our work. votes of its members, and their weight is set Just this year, the Bank has received a by the contributions they make to our cap­ number of votes of confidence from its A TRIBUTE TO HELEN DAVIS ital. members. KILPATRICK Thus the countries you in this room repre­ The eighth replenishmient of IDA, our sent hold the key to the decisions we make, concessional arm, has given us over $12 bil­ the directions we pursue, the values we lion to allocate over three years to the needs HON. JAMES A. TRAFICANT, JR. espouse and the leverage we exert-through of the poorest nations. OF OHIO persuasion and example-on the policies of Pledges the Bank solicited of more than our borrowing members. $6 billion from the members of the Paris IN THE HOUSE OF REPRESENTATIVES In recent years especially, that influence Club will spell new forms of relief for the Monday, July 11, 1988 has taken the form of intense policy dia­ low-income, sub-Saharan nations working to logues with individual borrowers about the reduce their debt burdens and reform their Mr. TRAFICANT. Mr. Speaker, today I rise very structure of their economies. economies. in order to pay tribute to Helen Davis Kilpa­ And out of the process of consultation-of A brand-new organization, the Multilater­ trick. Mrs. Kilpatrick was a wonderful citizen of the give and take that you, as legislators, al Investment Guarantee Agency, just held know in a different context-there is emerg­ my 17th Congressional District, and it is my its first Board of Directors meeting today sad duty to inform my fellow Members of the ing a remarkable change in the way develop­ and began the work that will make it an ef­ ing nations manage their economies. fective source of insurance against non-com­ U.S. House of Representatives that Mrs. Kil­ Priorities are shifting-away from state­ mercial risks for investors who can help en­ patrick died on June 29, 1988. Please allow owned enterprises that proved inefficient ergize the private sector in developing na­ me a few moments to tell you about the life of and toward incentives for private endeavor; tions. away from monopoly and toward competi­ this beautiful and courageous woman. Finally, the ratification this year of a Mrs. Kilpatrick was born in Youngstown, OH tion; major increase in the Bank's capital-an ad­ away from subsidies that distort economic ditional $75 billion-makes possible a 10 per­ on December 30, 1920, and her parents were decisions and toward market signals for in­ cent per year increase in our lending over Harry and lnabel Thomas Davis. Her burning vestment. desire to obtain a good education resulted in In 50 different countries, the Bank is sup­ the next five years. porting this kind of ambitious-even revolu­ Members with almost 80 percent of the Mrs. Kilpatrick graduating from Cortland High tionary-reform programs. voting power in the Bank have approved School and Warren Business College. Mrs. Reality, not sermonizing, is behind the this expansion of our authorized capital, Kilpatrick's deep-seated patriotism and urge to and it is already in effect for long-range change. But the Bank is in a position to planning purposes. seek broader horizons led her to move to help hurry history, and to ensure that the There are still nine member countries, Washington, DC during World War II. Here in costs of adjustment do not add extra bur­ Washington, she had the great experience of dens to the lives of the poor. however, that have not formally joined the In that effort, we are a highly effective rest. In alphabetical order, they are Algeria, working on the staff of Adm. Ernest King, force for trade liberalization, for the devel­ Kampuchea, Libya, Romania, Rwanda, the Chief of Naval Operations. opment of stronger and more open markets United Arab Emirates, the United States of On July 3, 1957, Helen married a very close around the world, and for the expansion of America, Vietnam and the Peoples Demo­ friend of mine, Mr. Robert J. Kilpatrick of Cort­ that infinite substance-prosperity-that cratic Republic of Yemen. As an international bureaucrat, I am not land, OH. Mrs Kilpatrick was actively and tire­ grows the more widely it spreads. lessly involved in community affairs, being a Finally, the Bank is an educator of itself qualified to express an opinion about con­ and others. This is the third form of World gressional attitudes. But if I were still a member of the First Presbyterian Church, the Bank leverage. Member of Congress, I would find that odd Mary Chesney Chapter of the Daughters of We are an agency that shares the knowl­ company for America, a leader in behalf of the American Revolution, and the National edge and the know-how to make a subsist­ individual initiatives and market forces, to Gymanfa Ganu Welsh Association. be keeping. ence farmer into a cash-earner, to give a I also must note the saintly and humanitari­ young mother the power to determine the Nowadays, using the language of diploma­ size and to protect the health of her family, cy, I have to rely on indirection. So, putting an qualities of Mrs. Kilpatrick. She cared for to turn a pen-and-ink accounting ledger into my point in a more oblique way, I would like her mother with devotion and warmth for over a computerized management system, and to to tell you the story of a man caught at 20 years after her mother had a stroke, and it convert a processor of raw material into a home by a sudden flood. deeply touches my heart to see a daughter manufacturer. As the water rose to the man's doorfront, give such strong concern and selfless service a rowboat came by and offered help. "No," And we are still learning, as we teach. to her mother. I wish that sons and daughters The most recent area into which we have the man replied, "the Lord will look after expanded is environmental protection. me." Later after the first floor was sub­ everywhere would emulate Mrs. Kilpatrick re­ The urgency that the industrial nations merged, the man was looking out an upper garding how to treat one's parents. recognized in the 1960s is now becoming a floor window when another rowboat came Helen Davis Kilpatrick was a good person priority in the developing nations. by and offered assistance. Again the man and an outstanding member of her communi­ They-and the Bank-are adjusting to the turned it down, saying the Lord would look ty, and I want to extend my deepest sympa­ reality that natural resources are finite, to after him. be managed not wasted if development is to Finally the waters rose so that the man thies to her husband on her untimely passing. be sustainable. had to stand on the roof of the house. A Mrs. Kilpatrick showed an enthusiastic zest for They-and we-have learned to look not helicopter came by and someone yelled life during her 67% years on this Earth, and I just at the income that can be quickly ex­ down that they would send down a ladder am both proud and happy that I had the op­ tracted from a forest, or a dam, or a mine, and pick him up, and that this was his last portunity to know her. Thus, it is with thanks but at the costs of taking something that chance. The man replied, "I have every con­ and special pleasure that I join with the cannot be renewed or that exists in a deli­ fidence in the Lord. He will save me." cate balance with its human and natural The flood waters rose, the man drowned people of the 17th Congressional District in surroundings. and went to heaven. When he met the Lord, paying tribute to the inspiring life, friendly per­ At the same time, the most dedicated ad­ the man told him how terribly disappointed sonality, and truly noble character of Helen vocates of conservation are learning that he was with the Lord, that he had had total Davis Kilpatrick. July 11, 1988 EXTENSIONS OF REMARKS 17567 NONANTUM'S HIDDEN GARDENS figure. In Nonantum he's generally recog­ philosophical, more given to discussing how nized as the glue that holds the community to bake bread, make wine, or braid onions together. A gruff, wiry character in his than why. Years ago, when they were young HON. BARNEY FRANK early sixties. Fat is known affectionately as and poor, the reasons were obvious. Now OF MASSACHUSETTS the Godfather of the Lake. He sees that the wages are high, work is plentiful, mortgages IN THE HOUSE OF REPRESENTATIVES sick get fruit baskets, that school floors get are largely paid off, and you can buy a jar Monday, July 11, 1988 retiled, that the neighborhood synagogue of passable tomato sauce for less than it roof gets fixed. For years he's organized costs to make it. Mr. FRANK. Mr. Speaker, one of the most most of Nonantum's annual festivals and Reasons for continuing these rituals interesting areas in my congressional district charitable events-among them a gala Me­ cannot be reduced to economy. The true is the part of the city of Newton known as morial Day Shriners' parade; a lavish cook­ reasons are more complex. They include Nonantum, and alternatively, especially to the out for 2,500 senior citizens; an Elvis Presley taste, quality, pleasure, custom, and camara­ Day bash; and a Christmas party where toys derie. It's better, they say, when you do it residents, as "The Lake". are given to 1,500 local children and sent off The sense of community that exists in this together. to another 700 city kids. Twenty years ago, everyone agrees, there area is admirable. Residents of The Lake Fat can usually be found making his daily were more gardens, more people spending have a sense of commitment to each other rounds downtown or cruising the neighbor­ summer nights under the arbors, more fami­ and to community values that is extremely im­ hood in the peach-colored 1979 Cadillac he lies making wine. Now the old ones can't pressive. The State Auditor of Massachusetts, bought from his son Monk, an Elvis imper­ keep up, and the young choose not to. Many Joe DeNucci, who is a former Massachusetts sonator who lives in