1957. CONGRESSIONAL RECORD - SENATE 5635 Bob Lee Baker, Mendon, Mich., in place of William R. Burleson, Marion, N. C., ln place James D. Wheeler, Jr., Garland, Tex., in M. C. Travis, removed. of J. A. Finley, deceased. place of F. B. Crush, resigned. Guy R. Van Nortwick, Pentwater, Mich., NORTH DAKOTA Roland W. Davie, Grand Prairie, Tex., in in place of P. N. O'Brien, removed. place of E. L. Kerr, deceased. Benedict A. Hunsanger, Ruth, Mich., in Isaac J. Iverson, Fairdale, N. Dak., in place John C. Sumner, Itasca, Tex., in place of place of A. Zinger, retired. of Edward Lian, retired. J.C. Martin, retired. Clifton J. Demerest, West Branch, Mich., OHIO Clarence W. Wagner, Round Top, Tex., in in place of R. M. Gillies, retired. Floyd C. Smothers, Fostoria, Ohio, in place place of M. L. M. Smith, resigned. MINNESOTA of L. B. Anderson, retired. UTAH James M. Hugues, Collegeville, Minn., in Harold R. Sherk, Genoa, Ohio, in place of Dean L. Adams, Loa, Utah, in place of N. M. place of M. B. Diekmann, resigned. B. J. Chambers, retired. Ekker, resigned. Arthur L. Erickson, Hastings, Minn., in Hazel C. Kelly, Navarre, Ohio, in place of VERMONT M. G. Swaner, retired. place of L.B. Matsch, retired. Gordon F. W. Eaves, Danby, Vt., in place of Leo W. McDonough, Kellogg, Minn., in OKLAHOMA E. P. Kelley, deceased. place of C. G. T. Lydon, retired. Carl R. Junghanns, Medford, Okla., in place VIBGINIA of I. E. Armstrong, deceased. :MISSOURI William E. Ewers, Woodberry Forest, Va., Virginia L. Ward, Bonne Terre, Mo., in PENNSYLVANIA in place of G. W. Marchant, resigned. place of W. H. Ward, retired. Georgia A. Oplinger, Adamsburg, Pa., in Thomas C. Wilkins, Wytheville, Va., in John C. Ferguson, Willow Springs, Mo., in place of K. L. Kline, deceased. place of G·. B. Cassell, retired. place of J. W. Brown, Jr., resigned. Rita C. Steigerwalt, Andreas, Pa., in place WASHINGTON of I. L. German, deceased. NEBRASKA George E. Anderson, Kirkland, Wash., in Naomi A. Mcconkey, Blue Hill, Nebr., in Henry J. Fabry, Carrolltown, Pa., in place place of Harvey Lewis, retired. place of F. L. Peisiger, resigned. of 0. F. Stolz, retired. Henry Ralph Graber, Collegeville, Pa., in Grace G. Kallenberger, Marlin, Wash., in John Boyd Page, Fairbury, Nebr., in place place of Hans Christoffersen, deceased. of H. S. Yeakle, retired. place of C. W. Scheuren, retired. Frank L. Bender, Enola, Pa., in place of Harlan M. Shepardson, Toledo, Wash., in NEW HAMPSHffiE G. W. Fordney, resigned. place of D. M. McDowell, retired. Warren F. Metcalf, Tilton, N. H., in place of George A. Wildauer, Falls Creek, Pa., in WEST VIRGINIA F. M. Boynton, retired. · place of J. H. Sinclair, transferred. Anna Jean Duncan, Cannelton, W. Va., in NEW JERSEY Edith M. Isakson, Greenock, Pa., in place of place of Roy Palmer, resigned. J. E. Haidle, deceased. Charles Manning Smith, Charles Town, Robert W. Sanders, Middlesex, N. J., in Gregg L. Johnson, Lewisburg, Pa., in place place of F. H. Moran, retired. W. Va., in place of T. T. Perry, Jr., retired. of C. F. Dunkle, retired. Alva O. Bailes, Clay, W. Va., in place of John D. Roosa, Ramsey, N. J., in place of Walter J. Gardner, Rockwood, Pa., in place V. J. McCall, deceased. Marion Reed, removed. • of E. L. Leaphart, retired. Fred L. Byrnside, Danville, W. Va., in place John Stothers, Rutherford, N. J., in place Earl C. Glotfelty, Salisbury, Pa., in place of of S. D. Ely, retired. of M. C. Ballard, retired. D. H. Broadwater, resigned. Jesse J. Martin, Ethel, W. Va., in place of NEW YORK PUERTO RICO C. T. Lee, removed. Katherine C. Bittner, Shelter Island Kenneth B. Crockett, Matewan, W. Va., in Heights, N. Y., in place of M. P. McGayhey, Pablo Pedraza, Barranquitas, P. R., in place of Ricardo Pagan, retired. place of C. W. Overstreet, retired. retired. Dorothy L. Porterfield, Shenandoah Junc­ Bruno Gatti, Amawalk, N. Y., in place of SOUTH DAKOTA tion, W. Va., in place of W. H. Dean, resigned. Antoinette Rieger, resigned. Merrill G. Peterson, Alpena, S. Dak., in Erma J. Compton, Volga, W. Va., in place David Samuel Farmer, Cornwall-on-the­ place of L. E. Smith, retired. of A. C. Lambert, deceased. Hudson, N. Y., in place of L. A. Fanning, Milton A. Williams, Lead, S. Dak., in place WISCONSIN resigned. of E. J. Green, deceased. Oscar V. Newkirk, Kingston, N. Y., in place Howard J. Wood, Sioux Falls, S. Dak., in Charles C. Robb, Arena, Wis., in place of of W. R. Kraft, deceased. place of J. A. Crowley, deceased. J. L. Quigley, deceased. Leslie Duncan Olmsted, Pleasantville, N. Y., Robert T. Burns, Hollandale, Wis., in place in place of J. J. Moroney, removed. TENNESSEE of L. E. DeMuth, retired. Frederick Burton Fisher, ·whiteface, N. Y., Frank Melson, Lutts, Tenn., in place of Robert Addison Hotchkiss, Independence, in place of H. W. Haynes, retired. M. I. Lindsay, transferred. Wis., in place of Simon Skroch, retired. Justin J. Martin, Willard, N. Y., in place Mary N. Montgomery, Seymour, Tenn., in George M. Hetherington, La Crosse, Wis., in of W. D. Gallagher, deceased. place of B. L. Sharp, retired. place of 0. F. Paulson, retired. Roger A. Shanks, Merrimac, Wis., in place NORTH CAROLINA TEXAS of Grace A. Johnson, retired. Jay T. Baker, Dallas, N. C., in place of Benjamin W. Pearce, Center, Tex., in place Keith G. Cairns, Mount Hope, Wis., in place G. L. Friday, resigned. of S. E. Burns, deceased. of E. B. Morse, deceased. EXTENSIONS OF REMARKS Strengthening of Principle of Sanctity of I spoke on fair treatment of business Johnson conference be likewise printed. Contracts at home and abroad-fair and equal The company has done a great job in treatment under the law. Latin America, and our good neighbors EXTENSION OF REMARKS I presented what I called an eco­ to the south have likewise been friendly OF nqmic bill of rights for the protection hosts and customers to this great com­ of foreign capital against confiscation, pany. HON. ALEXANDER WILEY for example. There being no objection, the address, OF WISCONSIN I ask unanimous consent that the ad­ statement, and article were ordered to be IN THE SENATE OF THE UNITED STATES dress delivered by me before the S. C. printed in the RECORD, as follows: Friday, April 12, 1957 Johnson Co. banquet be printed in the CONGRESSIONAL RECORD. STATEMENT BY SENATOR WILEY Mr. WILEY. Mr. President, the other Soon, Congress will be taking up the 1958 night I had the privilege of addressing I ask that it be preceded by two items: mutual security bill. one of the great business organizations First, the text of an .amplifying state­ Every study-the Fairless Commission, the of my State. ment which I have prepared on the sub­ Eric Johnston report-which has been made In Racine, I spoke before the S. C. ject. In it, I have referred to a related in advance of this bill-emphasize this fact: Johnson Co.-famous for its product, issue, namely, the principle of arbitra­ "The world needs more investment of pri­ Johnson wax. The company had brought tion and conciliation in the instance of vate-I emphasize private--capital. Private in 65 of its representatives from 30 coun­ economic and other disputes; and enterprise should do the job of building up tries all over the world. second, I ask that an article by Bernardo underdeveloped economies especially, rather I spoke on a theme basic to this Estes, editor of Sindicato de Prensa than expecting simply government-to-gov­ shrunken globe of ours. Latino Americana, describing the S. C. ernment aid." 5636 CONGRESSIONAL RECORD - SENATE SENATOR WILEY'S EFFORTS TO PROMOTE FAVOR• Swiss Government, the United States makes German nor Swiss nor American private ABLE ECONOMIC CLIMATE itself the sole judge of right and wrong." interests. And so, I have sought throughout the Earlier, the Times article, by George H. I am concerned with but one interest-­ postwar ~ra to encourage private enterprise Morison, reported: one interest above all, and that is, the in­ to do this investment job. "Owing to the confiscation on a vast scale terest of the United States Government­ I have sought to help contribute to a of French private property in Egypt the In­ the interest of 170 million Americans. favorable economic climate throughout the terhandel case had become a subject of fierce I am concerned with the respect in which world-favorable to private enterprises' controversy in the Paris press." we are held by the peoples of the world. operation. I AM NOT PASSING JUDGMENT ON CASES, ONLY We are the beacon. We are the lighthouse, POINTING OUT SIDE EFFECTS and we must relnain so. Fair play must DANGER IN EGYPTIAN NATIONALIZATION still be our creed and our deed if the world We cannot have such a climate if let us Now, let me state that: is_to continue to respect us. 1. I am not in the slightest passing judg­ say, a government arbitrarily confiscates pri­ MY QUESTION TO THE EXECUTIVE BRANCH vate property-foreign or domestic. ment on the Interhandel case itself. The Recent Egyptian nationalization of British case is too involved; besides, it has been And so, I should like to state one simple and French and other -property is a case in handled, · and is being handled basically by proposition: I state it, however, respectfully point-an illustration of harmful tendencies the executive and judicial branches. in the form of an open question to our Sec­ at work-harmful to investors' confidence 2.