The Rotary Balita no. 648 (June 15, 1950).

Young and progressive department store executive Daniel Aguinaldo, guest speaker, proved himself to be a champion of inter- national friendship and fair and just treatment of nationals of other countries within our community. His speech which showed a comprehensive grasp of our over-all economy and a keen knowledge of history, evoked prolonged applause from the Manila Rotarians. Following are some of the high- lights of his speech: "Nationalism can be a curse. It can make us short-sighted to our detriment. The fate of Japan is an abject lesson. "None of the descendants of the genuinely native Filipinos, such as Sikatuna, Lakandula, Lapu-lapu and others, are of any prominence now in our government, business or other national undertakings. Instead we have men of alien origin like Quezon, Osmeña, Cojuangco, Madrigal, Araneta, Par- do de Tavera and others. "An expanding population requires an expanding economy. An expanding economy calls for more capital, both local and foreign. A favorable atmosphere must be created to attract the latter. Let us overcome our fear of losing our natural resources to foreign capitalists. The country has plenty. "We have attempted to meet our economic problems with the negative approach of restriction, curtailment and discriminatory laws when the only solution is the positive approach of production and more pro- duction. "We are in a state of emergency and the time is short. Internally and externally, forces threatening to enslave us are on the march. If we needed friends before, we need them now more than ever. It is necessary that we mobilize all available manpower and capital, whether Filipino or alien, in the total effort at survival." "Woody" Wood, in response, said that the words "alien" and "capitalists" have been much abused. He expressed gratification over the fact that broad concepts of international goodwill and mutuality in business come from a Filipino businessman who, though not a Rotarian, is one in spirit and concept. Special guests at the meeting were the 14 members of the Korean Trade Mission headed by Dr. Oh Chung Soo. Sponsored by ECA of the United States, this mission is visiting 16 cities of 13 countries in South and East Asia. Two baby Rotarians, Dr. "Fergie" Ferguson, Minister of the Union Church of Manila, and Dr. "Tito" Manahan, Director of the Sto. Tomas University Hospital, were inducted.