Document KG7zLnjQd6GLNBDjLw6rpgmo2

IS, Member 13, 1969 CONGRESSIONAL RECORD -- SENATE S14291 tWapoataM vJfc=-fBAI> models, and such a statement to- <* that a rather extreme lack oi knowledge relop ---SEi' the contents of the CONSAD report. 1AD report j-pe technique of quote-out-of-oontert Is i conslderabi ' report ln< nd the ran* x placing n on page two of the MC report to ett to invalidate the supportive evidence CONSAD* third model. What the COND report actually stated was that the proceed* *jsi*ntitatlve estimates obtained from the llustrate twSjp"*1*1 of the Individual firm could not be NSAD estimates of Industry reaction, since overstate* tit&P'1 the various types of Arms In the Industry .STOwe not represented In the model. Tfae mCONvScAiDn_r_e__p_1ortht asttatted that the third Xit 35 eentSi^,ldel would substantiate the first model MC rennet the indicated reserve changes were of the il ert-nnXi.e order of magnitude, and were changes price ^ the same direction. The results obtained the third model did substantiate the st udy -*ulta of the first (or neoclassical) model. surprisingly enough, after Indicating that ned to evai iy the first CONSAD model was worthy of *1 tax provi eminent, much of the MC report Is devoted 3i produoeC" <* specific criticisms of minor points con- e necessarj --rnlng the other models discussed In the The primar* . --ONSAD report. rears in d* On the question of uncertainty, the MC us reg&rdlhe *port is somewhat erroneous in stating that necessity CONSAD report assumes perfect knowl- i to lnsur* . -h^gc. The report does not assume this, nor at a suddes , such an assumption implicit in the meth- Jonal emer . woiogy. t- another out-of-context quote Is provided ef a fixefr ; page 16, where Eisner's objections to verves ana ..o^gensea's model are noted. The remainder * availabl* Eisner's article goes on to propose modlfl- relationship *tlons In Jorgensen's model slmlliar to those a maintain -Bwd by CONSAD (the CONSAD model Is nic incen . ^edited to the Eisner article quoted in the * this. Th< "*C report). etermlnln* The MC report appears completely con- t provision.* aed on page 21, where the CONSAD report hose level- - taken to task for using a 12 : 1 reserve ton. >uo In the model. The 12 : l reserve ratio r that tin ient mean* remains * the study e effectlve5 an ineenquently, u . 'ngrure is not, of course, used anywhere In the -del. It Is mentioned as historical back> ound, but the data used In the model were *"~fual reported reserves and production. The MC report seems confused again on -qre 31 when It Indicates that "this approach <sds CONSAD to compare the price of a full -rrel of reserves with the cost of only a * analysttax provi m Is eon - motion of a barrel." This Is not true, but > the MC report offers no explanation of statement, no comment can be made. provision* petroleum their free offers nc <t the tax There are two important points to be made *>cernlng the "apparently Incorrect lnfor~'tion," cited In the MC report (Section TV). first of these Is that careful reading of -* report would make It quite clear that all the Items cited were presented as back- n produc '"und Information In the study and do not *n the basis for any results derived there- * benefit* Ihe second of these- Is that, with one ` decreast -option, the statements In the CONSAD weed th< -i-jrt were true when the data was being and conmpton. a cars were ected and the report was being written. *<r use of 1968 data, which were obviously ' available when the report was written. available uld make ale. Such - not oeti as alaxed, al*a exist- study Involved over a year of contlnu-- effort) to Illustrate the "Incorrectness" tatements In the CONSAD report cannot interpreted In any other way tban as an 'ous attempt to discredit the CONSAD - *t, slnoe anyone with any knowledge of petroleum industry would be aware of basic sources of the CONSAD statements. c xxroxr legation- T to the is report SAD reCONSAD which it if stateie mode* Ism be. assump. develop-1 on an Maump. *t<*t of the discussions In Section V, -btful Petroleum Economics, Is replete `i the same sort of out-of-context quoting he rest of the MC report. The only relelnformatlon presented here la that In --smce to Professor McDonald's work on non-neutrality of a flat-rate corporate ue tax. It Is Interesting to note the -on from the MC report of Professor - - --nald's conclusion that a percentage de in rate of 14 C. would provide the de neutrality. -*Msor McDonald'* work, however, does vamlne the efficiency of percentage de- pletkm aa a method for compensating the to withdraw American troops from Viet non-neutrality of the flat-rate corporate In come tax. It Is certainly possible, and a sub ject worthy of further study, that some more direct method of compensating Investors for the risk elements In petroleum Investments nam. I think the moratorium-mobilization festivities scheduled for November 13-15 are a mistake. would provide the desired neutrality at a much lower cost to the economy. rv. CONCLUSION i THE NEED TO ELIMINATE THE HAZ- CONSAD would welcome some meaningful critiques of Its work, with the ultimate ob I I ARDS OF LEAD POISONING IN CHILDREN jective of Imposing the reliability of the ' Mr. KENNEDY. Mr. President, yester conclusions. Unfortunately, the Mid-Conti nent report Is totally useless for this purpose. day, I met with Congressman Wil l ia m ' Ry an of New York, other Members of the House, and members of the Scien HARMON KILLEBREW. MOST VALUABLE PLAYER Mr. JORDAN of Idaho. Mr. Presi dent, yesterday a native Idahoan, Har mon Killebrew. was named the recipient of baseball's most prestigious award-- that of most valuable player. Selected by the baseball writers of America, the American League's MVP winners include the game's greatest stars--Ted Williams, Joe DiMaggio, Jimmie Foxx, Joe Gordon, Lefty Grove--just to mention a few. The addition of Harmon Killebrew to this distinguished roster is a fitting capstone to the truly outstanding season which Harmon enjoyed this year. The records which Harmon has set, and will continue to set in the years to come are sufficient testimony to his skills as a major leaguer. What the record books do not indicate, however, is that Harmon is every bit the major leaguer off the field as well as on. The respect that Harmon enjoys by those who know him personally cannot be generated by athletic prowess alone and will continue long after his playing days are over. My congratulations to a man who is a credit to his home State in every sense of the word. tists' Institute for Public Information to discuss the urgency for the elimination of the hazards of lead poisoning in chil dren. Because this is a relatively little known malady mainly affecting the poorest citi zens of the total population. It requires our attention to help bring an end to its devastation. Its victims number in the hundreds of thousands--mostly in the slums and ghettos of our large cities. Children get lead poisoning by swallow ing bits of peeling paint and plaster from old deteriorating buildings whose walls have been covered by lead-based paints. For the most part buildings constructed within the past 20 years are not the source of this hazard. Usually it is in older buildings, those put up before World War n, that create the high risk areas for this tragic disease. Lead In toxication in children is insidious because high levels of lead in a child's body may not be detected or diagnosed until it Is too late. Early symptoms of the disease are similar to those of the flu In more severe cases, patients suffer convulsions, lapse into comas and die. New York City's department of health repor ted between 20,000 and 30,000 cases of lead poisoning; while at the same time, less than 2,500 cases of poliomye VIETNAM DEMONSTRATIONS IN WASHINGTON Mr. BAKER. Mr. President, on the eve of the Vietnam demonstrations in Wash ington I am concerned. I am concerned for two reasons: First, there is the real danger of vio lence. Most who come to Washington. I am sure, come in a conscientious effort to express their desire for peace and their hope that the war will be ended soon. Some, however, probably are not so moti vated. I am especially disturbed by the fact that a number of those in leadership positions in the so-called mobilization were directly involved in the violence at tendant to the Chicago Democratic Na tional Convention in 1968, and disturb ances and disorders around the country since. I think the Federal authorities have acted wisely and have shown restraint in their preparations for the marches, but the possibility of police harassment, property damage, and personal injury is real. litis were reported for the year 1955, the year of the worst polio epidemic since 1940. These figures show that cases of lead poisoning are 10 times greater than those of that awesome affliction called polio. All of us will recall the publicity and the attention generated to fight the dread affects of polio; and we all remem ber the money and research invested to find a cure for that disease. But the pub lic and medical awareness of lead poi soning In children are not yet nearly as visible as they were in the case of polio. The list of hazards that confront our Nation's children is endless. For the child who lives in poverty, the hazards to health and a wholesome life are enor mously more lethal than those fortunate enough to live in affluence. Children who live in our urban slums live with the dan ger of lead poisoning that needlessly weakens, maims, and destroys their lives. Lead poisoning strikes easily at the young child because he has a natural tendency to put in his mouth any available object. When that object is bits and pieces of peeling paint or fallen plaster in old Second. I do not believe the demon buildings with lead-based painted walls, strations will contribute to the cause of these youngsters are afflicted with the an early peace in Vietnam; on the con ravaging effects of lead intoxication. trary, I am afraid they will heighten the Children between 1 and 3 years of age are appearance of division in our country the sufferers in 86 percent of all reported and prolong our efforts to negotiate and cases. Two-year-olds account for more S14292 CONGRESSIONAL RECORD -- SENATE November 13, 1969 than 50 percent of the deaths attribu dated housing and test them for lead table to lead poisoning. About 200 chil levels. Because of that program, the dren die from lead every year. Between number of reported cases of lead Intoxi 12,000 and 16,000 are treated and survive. cation has climbed sharply. This means that every year, due to Inade In his package. Representative Ry an quate detection and diagnosis, as many also provided for financial assistance to as 400,000 children may be poisoned. - - help cities and communities develop and Half of those who receive treatment , carry out intensive local programs to water contamination due to the use of fertilizers. Rome work has been done in these areas, but much more remains to be done. I am hopeful that through such publication of Information on lead poisoning and other environmental diseases we can focus attention on these kinds of needs. In that way, we may be ass left mentally retarded. Only about . eliminate the causes of lead-based paint able to end tire menace that causes each one ease in 25 of these Is treated. Chil . poisoning. Recognizing that this is a one of these dangers. dren with lead poisoning have been found critical need, my bill also provides for Lead poisoning in children is not an to experience a marked drop In 2Q and , financial assistance to run programs that uncommon occurrence in the United they show unsatisfactory school progress ,wfll rid our cities of the menace of lead States. Although slum areas in large cities because of intellectual defects. poisoning. Every community that has appear to have by far the greatest inci This is the tragedy that Is most dis old homes that used lead-based paints dence. this problem is not necessarily heartening and debilitating--not only for is a potential high-risk area for this restricted to the poor; it has also been re the children and their families, but also dread disease. That is a simple, plain ported in children from economically and for the future of our society. fact. It is a fact that makes us realize socially advantaged homes. Certainly, we can all feel and under that the way to prevent lead poisoning But we do know that it affects black stand the agony that the loss of a child's is to eliminate the source of the danger. and Puerto Rican children more fre life may bring. But a different pain of an My bill will provide for the elimina quently than it strikes white children. It guish and heartache is produced for the tion of all lead-based painted surfaces, is most likely to strike children in the parents of children who suffer in mental through programs that will identify same family. And, once a child has been ability due to lead poisoning. The care those homes that are so painted. After poisoned by lead he has a substantial taking costs for one child who must live identifying those structures, the provi chance of being poisoned again. out his life as a mental defective due to sions of my bill require prompt removal In New York City reports show that lead poisoning is more than $200,000. of lead-based paints from all surfaces. several children were admitted to hos Yet, less than $1,000 can eliminate the Finally, in recognition of the need to pitals two and three times, each time with hazards of this disease for that child. insure that the rehabilitation or renova recurrent lead intoxication. In one case, That is the oore of hope in the fight tion of housing shall include plans for repeated episodes left the child com against lead poisoning. lead intoxication eliminating the causes of lead-based pletely incapacitated. Others working in is a man-made disease. It is subject to paint poisoning--my bill provides for the field of lead poisoning have also oomplete control. Mental retardation due Federal assistance to communities to stated that "we saw the same children to lead poisoning can be prevented. Re carry out such rehabilitation only on the over and over again being brought in search is not needed to find ways to do condition that the community also carry for deleading and each time with evi that. out an effective plan for getting rid of the dence of more residual brain damage. We What we do need, and what we need causes of lead-based paint poisoning. were seeing mental retardates and insti now, is forceful action to rid our neigh borhoods of this menace. Dr. Victor Sidel, who is chief of the division at social med icine at Monteflore Hospital in New York City, proposes a vigorous approach to programs for eliminating lead poison ing hazards. He insists on the full use of community residents, ' neighborhood workers and others who have interests in these affected areas to help search out lead poisoning victims and areas of high risk. Representative Wix l ia k F. Ry a n saw the urgency for legislation as far back as last March when he introduced in the House a package of reforms "aimed at The reported incidence of lead poison ing parallels public and medical interest and education on the subject. Official figures on lead poisoning almost cer tainly underestimate the true incidence of the disease. tutional vegetables created right under our eyes." The cost of lead poisoning is borne by the whole community in terms of wasted human resources, institution alization of victims, and the resulting burdens on municipal health facilities I shall personally join the battle against childhood lead intoxication by stressing the need for education and awareness of the problem--both in thel general public and in the medical com munity. The tragedies of lead poisoning and the hesitancy to diagnase it are too often due to the failure to be alert to its and finances. The benefits accrue only to those owners of slum property who find it unprofitable to keep their properties in good repair. The need to eliminate this hazard from the list of the many hazards that affect our Nation's children is very dear. My efforts will be designed to meet that need. presence. combating this silent epidemic." That People simply do not look for it because DEPOSIT RATES AND MORTGAGE package realistically meets the three lead based paints are not generally used CREDIT fundamental needs that must be attacked on interior walls today. But we overlook in the fight to end this problem. They the very real fact that hundreds of are: thousands of peole, particularly along the First. The need to identify and treat eastern seaboard, live in substandard, lead-poisoning victims. ^ deteriorating housing built before World Second. The need to seek out the pres War II that have wall surfaces c'bated ence of lead-based paints and to require with lead based paints. property owners and landlords to re I feel that one way to stimulate the move such paints from all wall surfaces. necessary amount of concern and aware Third. Finally, the need to prevent ness to combat this problem is through lead poisoning from spreading, through the periodic publication of information the enforcement of housing codes. about lead poisoning cases. To help reach these goals, I intend to Through the Public Health Service in introduce a bill, early next week, that is the Department of Health, Education, similarly designed. My bill provides Fed and Welfare, accurate and current In eral moneys to help cities carry out pro formation is available on communicable grams to identify those youngsters who diseases. I want to explore through the are affected by lead-based paint poison Office of the Surgeon General, ways to The PRESIDING OFFICER. Under the previous order, the Chair lays before the Senate the unfinished business, which the derk will state. The As s is t a n t Lc g is l a t iv c Cl e r k Calendar No. 510, S. 2577, a bill to pro vide additional mortgage credit, and for other purposes. Trie Senate resumed the consideration of the bill. The PRESIDING OFFICER. The con sideration of this bill is subject to a time limitation. Who yields time? Mr. BYRD of West Virginia. Mr. Presi dent, I suggest the absence of a quorum, and I ask unanimous consent that the time not be charged against either side. ing- It will insure for cities and commu provide similar kinds of information for The PRESIDING OFFICER. Without nities the procedures and techniques that the environmental diseases that are also objection, it is so ordered. The clerk will will seek out those youngsters who are devastating in their assault on the health call the roll. currently afflicted with high lead levels. of American citizens. Not only would it be The assistant legislative clerk pro The value of that kind of program has helpful to have systematic reports on ceeded to call the roll. been dramatically demonstrated by Chi lead poisoning in, children, we could Mr. BYRD of West Virginia. Mr. Presi cago's health department's program to also use reports on the incidence of rat dent, I ask unanimous consent that the seek out youngsters who live in dilapi bites, insect borne, asthma, and ground order for the quorum call be rescinded. 0000-NLI-000020906