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Show U. S. Future !s Bright, Geneva -Steel President McCall Asserts nwrkwl up by t.h: stale and national na-tional economy last year. "Right here in Utah. lum-agri-cultural employment has jumped, 10 per cent in th:- past ten years . . . total personal Income fur t)a state has more thaan double 1 since 1950 . . . and annual incon- per capita has gone up in decade by 59 per c:nt," he pointed out. Looking ahead for western steel, Mr. McCall predicted that future steel consimiption by the western states will incr.-L.se by Home 18 per cent, using the period per-iod between 1966 and 1970 fo-an fo-an average as compared with the 1957.59 average. SALT LAKE CITY America's future has never looked brighter, especially in the west, with more opportunity for those who are willing to work for. it, J. D. McCall, Mc-Call, president of U.S. Steel's Columbia-Geneva Steel Division, said here today. Speaking before a combined luncheon meeting of the Salt Lake City Chamber of Commerce and Rotary Club, Mr. McCall said: "Any objective- assessment of the facts irrefutably bears out that America is strong, America is on the move, America is growing." grow-ing." Backing up U. S. Steel's faith in future economic growth, Mr. McCall reveakd that the nation's largest steel producer has spent 859 million dollars for modernization moderni-zation and replacements in the past two years. Some 500 million dollars more have been authorized authoriz-ed for the near future, he saiL "Yet, in recent months," lie said, "we have been bombarded from every side with news about a downturn in business that America is becoming a second-rate second-rate power that our economy is losing its vitality -that real opportunity op-portunity no longer exists in our land." Warning against the dangers of talking themselves into a business busi-ness downturn, Mr. McCall listed list-ed a string of new growth records The Cohunbia-Geneva Ste-el president conceded that -- "do. spite recent signs of recovery" - -the national industry isn't turning turn-ing out as much steel as it would like to. Then he cmphas'zed: "From the standpoint of seel production by our economy. 1960 was one of the best years in our history ju.st under 100 million tons. Nationally our economy used us-ed more steel last year than in 1958 or 1959 an4 w-as only thro-?, per cent below the record consumption con-sumption of 1955. "For us. it is starufieant that our own Geneva Works during fthis period has maintained a relatively high operating rate, well above the national average," he said. "Even more iivportant, we have done it safely." Mr. McCall pomt-i to the opening op-ening Wednesday of Columbia-Geneva's Columbia-Geneva's new Raw Materials Research Re-search Laboratory at Geneva as the latest achievement in continuous contin-uous growth and expansion by U. S. Steel in Utah since 1916. "We offer this record as proof that U.S. Steel is standing be-liind be-liind its confidence in the future of our Utah operations with great unprecedented investments hi mm. machines and materials." he stressed. There are some "dark clouds" on the horizon, too, Mr. McCall indicated, pointing to rising employment em-ployment costs "that outstrip productive pro-ductive efficiency," competition from abroad in an tver-growing range of low-priced foreign products, pro-ducts, and a "discouraging misunderstanding mis-understanding of our economic system even among- some of our government officials who should know better." . Listing some of th: tilings businessmen bus-inessmen must do to solve them, Mr. McCall said: "These things we must do because be-cause we have all lived too Ij-ny to b-lieve that there ever was or er a- will be a sure tiling. There are no rights without responsibilities-no privileges without com-.-ponding duties no goal worth reaching that doesn't call for sacrifice no security unless somebody takes a risk. "Above all," he urged, "let's stop selling ourselves short. Our achievements as a nation are unmatched. un-matched. Our economy is vital and growing. Our future has never nev-er looked brighter, especially here in the west, with more opportunity opportun-ity for those who are willing to work for it." |