 It's time for the Lawn Jean Chronoscope, a television journal of the important issues of the hour brought to you every Monday, Wednesday, and Friday, a presentation of the Lawn Jean Wettner Watch Company, maker of Lawn Jean, the world's most honored watch, and Wettner, distinguished companion to the world-honored Lawn Jean. Good evening. This is Frank Knight. May I introduce our co-editors for this edition of the Lawn Jean Chronoscope? CBS News Correspondents Larry Lisser and Walter Cronkite. Our distinguished guest for this evening is the Honorable James Roosevelt, United States representative from California. As the saying goes, our guest tonight needs no introduction. He held the son of the late President Roosevelt, may be a freshman congressman in Washington, but few people in the United States know the inside of the White House better than he does. Congressman Roosevelt, I understand that this reception for the congressman at President Eisenhower gave. It was like old home week in the White House for the servants, that is. Well, Larry, yes, it was a little bit. I found I knew most of the staff and they were still there, and of course, I was very happy to see them, and we did have sort of an old home week reception. But as a matter of fact, it might interest you to know that I was there today for lunch also. I had the privilege and the pleasure of having lunch with the President today with some other congressmen who are his guests. And a rather amusing thing happened. It so happens that, as you know, the President has a voting residence here in New York City. And one of my fellow freshman congressmen happens to be a Democrat, is his representative in the Congress. And at the same time, of course, he is about, I think, to establish a new residence near Gettysburg, Pennsylvania. And the representative, the congressman from that district, also happens to be a freshman congressman and a Democrat. And so today, he met them both. And he's began to feel a little bit like he's represented in Congress. Well, we asked him today whether he thought he was well represented in Congress. I'm not sure whether he does or not. Does he joke about these representatives of his from Gettysburg and from New York? Oh, I think the President has a very fine sense of humor. May we ask you what he told you, Mr. Roosevelt? Oh, we just had a very pleasant social occasion, though there were no state secrets. Is it obvious, Mr. Roosevelt, that the Chairman of the Democratic National Committee has been denounced recently for bringing up the name of Mrs. Eisenhower in a political sense? Now, it seems to me that the name of your mother has not been neglected in the past by politicians. How did you feel about that whole incident? Well, Ari, I think a fair answer to that is that I regret always when personalities of that kind enter into politics. Politics gets a little too rough sometimes. But I think in all honesty, those who are perhaps squawking the loudest should remember that there was an occasion, perhaps you remember it. Back in a previous campaign, when a President of the United States, who happened to be my father, made the remark that it was all right to criticize him and his wife and his children, but he just didn't want his little dog, Fowler, criticize. So I think you have to have a sense of humor about that, too. That sort of sums it up. Incidentally, Mr. Roosevelt, you've been appointed to a couple of good committees since you've been in Congress, although you're only a freshman, with a small business and labor and education. Now, what actually are you pitching for on that small business committee? Well, the Select Small Business Committee, which is appointed by the Speaker of the House, primarily, is a sort of a watchdog to see what can be done and how we can advise the other committees of the House. Perhaps I should say that I am on some good committees, but all committees in the House are good committees, that our particular committee is supposed to advise these standing committees as to what is happening to small business, whether they're being swallowed up by big business or by the monopolies, and what, if any, legislation is needed to enable them to keep prosperous or to enable them to keep their place in our whole economic system. What is happening to small business? Are they being cannibalized and swallowed up? Well, I think in all honesty, I would have to say that from what I've seen of it so far, that small business is falling away, decreasing, and that it finds a harder time to keep pace in the struggle for economic survival, and that little by little it is being squeezed out of competition. And I think that not only this Congress, but the Congresses that are to come, must find a way to make it possible for small business to keep alive, unless we want real, all-out monopoly in this country. Well, is that a natural thing, or can it be legislated against, do you think? Yes, I think it can, to a degree, be legislated against. I think, for instance, that we must give small business a fair opportunity to take part in the development of atomic energy. There's a real fear that that won't be allowed unless we enforce it by legislation. I think also that we must also see that small business has a chance through the taxation process to resist the tremendous power that just wealth and the big corporations gives to them. Perhaps we should, we'll find it is necessary to give them a tax advantage as far as the corporate setup is concerned. But I think above all else we need to see that the power of Vignas is not used to discriminate, so that temporarily at least a war, such as a price war, is put on until they're squeezed out of business and then the prices go right back up again. Those are just some of the problems that we find as we look into the situation now. Mr. Congressman, I don't think that Larry's had as a guest here on Chronoscope for very recently. Have you, Larry, a representative from the West Coast? I'd be most interested in knowing how Congressman Roosevelt feels about the administration policy as it's being pursued at the moment in this very delicate situation of Formosa. And whether your views might be different coming from the West Coast, which is geographically, spiritually, and a lot of other ways closer to the situation than the other parts of the United States on this matter. Well, I suppose that anybody who lives on the West Coast feels very close to the situation in the Pacific. I think in general that I can say that we feel and hope that Formosa will not be the spark which will ignite a Third World War. I think that by and large we trust the President. We have backed as the vote in the Congress will show the President's program for resisting any armed aggression wherever it may occur, including Formosa. However, I think there is a strong feeling in the West Coast that we should not involve ourselves in a defense of the smaller islands. Islands which perhaps in all fairness are more a part of a true Chinese situation, and that these islands should not be so defended that they could be used as that kind of a spark. Do you believe, then, that Senator Noland is not speaking necessarily for his constituents in the state of California when he stands for a stronger position in the Far East? I think that, unquestionably, Senator Noland speaks for some people. I would doubt whether he spoke for the majority of the people in the state of California or, for that matter, in the country. I feel that, generally by and large, the people want more effort made to work out a peaceful solution. The people, I think, want peace, but they do not want peace at any price. And in general, I think that they will back the President in his determination to resist a solution of the Formosa problem by armed aggression. Well, Jimmy, it takes two, of course, to make any agreement. And although the people back here in the East, I think, are pretty apathetic about going to war for islands like Matsu and Kimoi, nevertheless, it is a fact that the major part of Jean-Claix Nationalist Army is on those islands, and we just can't see them sacrificed even though we don't care very much about the islands. It's a question of manpower there, too, isn't it? Yes, but we, I think it's fair to say that we helped them get some of their manpower out of one of the other islands, whether there is a majority of it there, I doubt. I think the majority is for them. But about 30% of his first class combat troops are on Kimoi and Matsu. We just can't let them be captured. No, and it may be necessary for us, for the defense of Formosa to resist any armed attack against those two islands. But I would say that beyond those two islands, that there is no paramount danger to Formosa. And therefore, when I say Formosa, perhaps it would be more proper to link those two islands. Now, that is largely a military decision. Whether to defend Formosa, we must also hold those two islands. That is being debated, as you know, in Washington today. And if it's a military necessity, then, of course, we will help to defend them, in my opinion. If it is not, I don't think we will, or should. Congressman Holmes, but I wonder if we can touch on a domestic issue here, which I think interests all of us these days. Aren't you, Democrats, who now control Congress, going to be in a bit of a spot if after having either supported or permitted this Congress, which is under your control, to have voted pay raises for yourselves, you will turn around and don't push through this $20 tax reduction for what is frequently called, and this includes me, the little people. Well, let me say, first of all, in defense of the Congressman, that this is the first pay increase they've had since 1938, while most of the others have had pay increases in the intermediate time. But I would agree with you 100%. I think that this Congress should back a tax reduction for the small income groups in this country. And I don't care whether they do it by increasing the exemptions of the individual taxpayers and their families, or whether they do it by a $20 or a $10 tax reduction. Well, to answer my question, are you going to be in a political spot if you don't get the $20 through? Well, I think those who vote against it are going to be in a spot, but those of us who voted for it and will continue to vote for it, I don't think we'll be in a position to vote. Well, good one, too. John, I'd like to ask you, do you have any further political ambitions? Do you intend to run for the Senate, or if I may say so, perhaps higher office in the future? Larry, I learned a long time ago in politics, never to say never. But I want to tell you very frankly that I think that in order to be a useful citizen, one should stay in the Congress because of the seniority system to develop your greatest potential. And I hope to be if the people of my district will reelect me a member of the House of Representatives for a long time to come. Thank you very much, Chancellor. I was very glad to have you here from California, although I know you spend most of your time in Washington these days. Anyway, it's good to see you. Thank you, Larry. The opinions expressed on the Longeen Chronoscope were those of the speakers. The editorial board for this edition of the Longeen Chronoscope was Larry LeSere and Walter Cronkite. Our distinguished guest was the Honorable James Roosevelt, United States representative from California. To own a Longeen is to own the world's most honoured watch, the standard of excellence in 100 countries of the free world, and the reasons for the worldwide preference for Longeen watches are many. To a lady, Longeen offers perfect examples of the jewelers art, diminutive cord watches for every day, crimm strap watches for country and sport, elegant gem quality diamond watches and bracelet watches for formal occasions, each watch a rare combination of beauty and excellent timekeeping. 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