Litchfield, Paul Weeks
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Some introductory remarks about Canada and the speaker's relationship with it. The rubber business as the central point in the speaker's life for more than 50 years. The rubber industry's record of achievement in human progress, and the speaker's enthusiasm about its opportunities for the future. Likening our business-economic structure to the human body: steel as the bone, oil as the blood, and rubber as the flexing muscles. Some contributions of rubber. A consistent record of technological progress, and of passing along to the public the lion's share of the rewards of this technological progress. Documenting this claim. Some history of the company. A new and powerful factor that has entered the industry during the past decade: synthetic rubber. A brief history of developments. The vulnerability of the distant source of supply. The synthetic rubber industry coming into production in response to the low reserves of raw natural rubber. Tying the past and present of synthetic rubber in with the future as the speaker envisions it for both Canada and the United States. Significant and encouraging changes taking place. The need to protect our joint security against attack and maintain our staunch faith in our free, competitive economy. Some basic statistics regarding rubber. Increasing world consumption. The use of synthetic and natural rubber to meet rising demands. Avoiding severe restraints upon expected economic expansion. The need for substantial expansion of synthetic rubber plant capacity. The plant at Sarnia. The synthetic rubber industry in the United States currently in the process of being transferred to private ownership. The record-breaking past year for the rubber industry. A prediction that the current year will reflect some tapering off. Some favourable factors to be found in the growing market for rubber products other than tires. Some concluding remarks concerning the mutuality of interests which exists between Canada and the United States, the co-incidence of ideals and aspirations, and the cohesion of obligations to humanity. Our common danger. The issue of adequate joint defense measures. Pooling resources in the creation and maintenance of supremacy in swift retaliatory striking power. The hope that the combination of jet plane and atomic power will, through the magnitude of their destructive potentiality, lead us to peace rather than to doom.