HODGES CITES INDUSTRY NEED TO MODERNIZE

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP75-00149R000400050008-8
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: November 11, 2016
• Document Release Date: December 10, 1998
• Sequence Number: 8
• Publication Date: January 18, 1964
• Content Type: NSPR

Sanitized - Approved For Release : CIA=RU
OKLAHOMA CITY,
OKLA.
OKLAHOMAN
in. 173,499
S. 272,503
Front Edit Other
Pape Pape pa"
Date;
4-
JAN 18 1964
~CPYRGHT
E4
IAN 'I 19
Hodges Cites'
Need
Industry'
To Modernize
This Holds Key
On International
CPYRGHT Race, He' Says
`71sy Jim Reid
The commerce secretarylcvery industry in this area
said there is. sufficient know- P f?r terades to come."
how right now for all U. S-1 1 it=,jges was introduced to
manufacturing productivity! ~?? luncheon audience by t
to increase at the rate of 10 Sen. J. Howard Edmond-.
percent a year, for the next , on. The.junior senator sub.'
decade, instead of the his- stituted for Sen. Mike Mon-
torical average of 2 percent. roney, who was unable to be
"Think what it would mean present because of another,
to the national wealth if we commitment.
merely doubled our 'produc- In introducing the distin-
tivity increase rate--from 2,guished speaker, Edmond.
percent, to 4 percent," he;son joked that he was sub-
said.. stituting for Bud Wilkinson.
Secretary Hodges said thej"Bud was asked to do this," i'
major obstacjes to industryhe said, "hut he hasn't been
modernization in this coun-gable to make up his mind I'
"
try have been taxes and
lack of technical resources
et whether he wants to.
Actually, Wilkinson was
of invited to the confer-
FOIAb3b
the same basis as whc,.
sales.
."We should ! -" cash on'
the barrelhea,,, he said,
"not long-terns cr- ?dit."
While in the ci'y Friday,'
Secretary Hodges presented
the president's "E". award
for excellence in exporting
to Aero Commander, inc.!'.
The presentation y!as.
made to Thomas Sim I-IT,
vice president of Aerb'a=
overseas division, and E..?
Williams, vice president. off
Rockwell Standard Corp.,
Aero's parent company.
The award includes a blue
'Inc e unii- Suggestions a e en ,
race for international trade, He offered three sugges- said.
i ing to win that race, Luther
H. Hodges; U. S. Secretary
and modernization of indus-
try is a key factor in help-
business becomes more prof ilable. It, can pay better
wages. It can offer more
goods at lower prices."
The secretary addressed a
joint luncheon of the Okla-
of commerce said in Okla-
homa City Friday.
"Through modernization,"
he said, "with its., resulting
increase in productivity,
i Related News on Page 16,
tions.to businessmen for car- Talking to newsmen in-
rying out a modernization formally Friday afternoon,
program: Hodges noted that Oklaho-
ONE - Management must ma is better than the na-
become completely familiar tional average i : modern-
with domestic competition izalion of industry.
in its own industry. He said a study based on
TWO - Management must the percentage of machine
tools more than 10 years old
be more vigilant against for- that are, still in, use shows
eign competition. the national average at 64
THREE - Businessmen I percent, while' Oklahoma is
must be more alert to inva-t60 percent.,
sions of their industries. For' Rem coded that the Central
example, the invasion of the ntell izence..,..Agen --report=
textile industry by the chem- d T,ussia lagging in ferti-
s
d
H
i ical industry.
noma any l liauwca - Hodges raised
n
I and gold citation and an
ge
o
prndu.:;.ion,
said he favored' the sale of, "E" pennant. _ '?~ ,
Modernization. ,
150 Attend "Your plans for a world}
The one-day conference at airport to handle the super-,
tracted more than 150 busi-I sonic. plane, for the develop-.
ness and, industry leaders!ment of a barge canal port,l
. from over the state 'to Mu-jfor the expansion of conven-}
nicipal Auditorium, :tion facilities, for increasing
The city conference is the!foreign exports, for aug-
second of 15 that will be held';menting your water resourc-f
this year in various parts oft Cs, and for becoming a focal;
( the nation under partial spon;point for medical researcht
sorship of the U., S. Com;in the southwest -all thesef
1 merce Department. 'point to a sense of purpose,
'a sense of responsibility; at
vision for .the, future that will.
Sanitized - App tcvedf Res S 1
,being of every person- an
coerce an
Conference on Industrial ers for their foresight in fu-
Iture planning:.
city lead-
fl, Southw
d est
IA-RDP75-00149R000400050008-8