LeTourneau Tech's NOW, Volume 15, Number 1, January 1, 1961 Page: 4
This periodical is part of the collection entitled: LeTourneau University Archives and was provided to The Portal to Texas History by the LeTourneau University Margaret Estes Library.
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stock of R. G. LeTourneau Inc. I put
practically all the stock that I owned
into the Foundation. The Foundation
is just like any other stockholder,
and I can't get any of it back."
Q. "Does the Foundation own the
School?"
A. "The Foundation does not actu-
ally own the School. The School is
owned by itself, but the Foundation
can control what the School does. It
is set up and endowed that way by
the Foundation."
Q. "What about this Tournavista
in Peru? How did it get started?"
A. "There is quite a story behind
that, I'd have to go back to Africa
because it started first. Even though
I do not normally make speeches to
business groups, I made a speech one
time to a World Trade Association
and gave them my testimony for the
Lord along with it. In talking about
World trade problems I told them
the theory of bringing raw materials
from other countries over here for
manufacturing was all wrong, be-
cause raw materials are not 1% of
the finished product. Just sendingmoney over there so they can come
back and buy our goods is wrong
too, because you would just be
giving everything to the World and
you can't do that. I told them that
there was a way, however, that we
could get World trade. Everything
is built now on mass production and
the trouble with these under deve-
loped countries is that they don't
have enough consumption to get
mass production, and for this reason
you could not set up manufacturing
in these countries. So I told them
that firms that have a world trade
could go to a-backward nation and
set up enough machinery to make a
component of our product, then we
could put it on a boat and bring it
over here and send back an equiva-
lent amount of our finished product.
They could then make enough of
that one component to buy what
they needed of the finished product.
Ocean freight is cheap compared to
the savings of mass production. This
is my idea of World trade.
Ater this initial speech I got a re-quest for a repeat of it. Several of
the officials of the country of Liberia
were present at this second meeting,
and they said to come on over and
try it out. The Liberian project deve-
loped as a result of this. After Liberia
got rolling, I got another invitation
from Peru to come down and look at
a proposition there. In Africa the
proposition was to lease a half mil-
lion acres for 80 years, in South
America the deal was that I build a
road for them in return for a million
acres of land."
Q. "Do you intend to put factories
on these projects to build component
parts?"
A. "That is really what has been
in the back of my mind, but how
long it will take I don't know. We
have done considerable re-manufac-
turing and rebuilding on the projects
already, so we are not too badly
equipped right now, but we have
not actually gone into manufacturing
yet. We are manuacturing to the
extent that we are going into agri-
culture, beef, and chicken and egg,
production."Tech Student Elected
From November 20 to 22, delegates
from LeTourneau Tech as well as
from eighteen junior colleges in
Texas, attended the eighth annual
Texas Junior College Press Associa-
tion conference on the campus of
Texas A. & M. College.
The delegation from LeTourneau
Tech, which consisted of English pro-
fessor James L. Miles as sponsor,
Boyden Donmoyer, Steve S h o f f,
Dave Popsack, Malcolm Perry, andPresident of Texas Jr.
Dave Fox, arrived-on a-Sunday after-
noon at the beautiful, two million
dollar, memorial student center at
A. & M.
At the conference the delegates
attended a series of meetings and
lectures which were to occupy their
time for the two following days. On
Monday night a banquet was given
the delegates, compliments of A. &
M. College.
On Tuesday morning following a- I:
Delegates to Press Association Conference are pictured above, left to right: Steve Shoff, Norco,
Calif.; Mal Perry, Eldred, Penn.; David Fox, Staten Island, N.Y.; Dave Popsack, Kenmore, N.Y.;
and Boyden Donmoyer, Hagerstown, Md.Col. Press Association
group discussion, the formal business
meeting was in session, in which
election of officers was held. Tech
was privledged to have one of its
delegates, Dave Fox, of Staten Is-
land, N.Y. elected to the office of
President of the Association. It is
hoped that through this, LeTourneau
Tech will have a greater influence
upon the future citizens in this or-
ganization through their Christian
testimony.
TExAS
de7r.a'eaa 7e"d'd W 70
Richard H. LeTourneau - Editor
Published semi-mornthly by LeTourneau Tech-
nical Institute and sent free upon request to the
Editor P. O. Box 2307, Longview, Texas.
Entered as Second Class Matter, January 10,
1947, at the Post Office at Longview, Texas
under the Act of August 24, 1912.
Change of Address: Send old address exactly
as im-printed on your copy of NOW and new
address with zone number if any.
"Behold NOW is the accepted time: behold
NOW is the day of salvation." - II Corinthians
6:2.
LeTourneau Technical Institute. is on officially
recognized degree granting college, specializing
in teaching Christian service, Industrial leader-
ship and Mechanical science. Full information
can be had by writing to, the Registrar, P. O.
Box 2307, Longview, Texas.
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LeTourneau Technical Institute. LeTourneau Tech's NOW, Volume 15, Number 1, January 1, 1961, periodical, January 1, 1961; Longview, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1526985/m1/4/?q=%22~1~1%22~1: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting LeTourneau University Margaret Estes Library.