US-BRAZ-1950s-2

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US-BRAZ-1950s-2 - Lima Pearson Says Latin Amerka Resignation of...
Lima Pearson Says Latin Amerka Resignation of Symington As i l d i n g pro- . i dc la Is allowed soldiers . h i s f a t h e r I J f o r e ! US l O r C l R O | J U I jail, large | ,.,,,,,.,,.. wcrc turned over to the rjFC,'Symington instituted a cam- should set j paign to drive down the world em- , i By DREW PEARSON W a s h i n g t o n -- T h o u g h Stuart j oral for'foreign ' '""in is one of the most cl- As reports of increasing hardships hardships borne by the Bolivian people reached the sister republics, press and semi-official comment has of/icials in Washington. w i t h relief when he submitted his resignation as head of the Reconstruction Reconstruction Finance Corporation. The reason was Symington's tough policy Bolivia. The buving tin from Bolivia was the grown grown more bitter. Even Oswaldo Aranha of Brazil. Ion* .a close friend of the U.S., offered this blunt private appraisal: ""It is almost inconceivable that D O I l V l a J l l O U g l l O O H V I i l \ \ . l a l l l c it. lo o n . . w onlv nation which sells tin, the President Truman, who must be hns'ic policy bid down by Syming-; aware of the resentment created U w .. ,,, --- was of concern to other Latm- I American governments. j What happened in the case* of :n its foreign pur- i n two mother, sis- uuim...,.,. .v...^.. ...... . a meet- to replenish rapidly decreasing U.S. stockpiles, Symington kept it from eoing above that figure. Con- by apparent U.S. indifference toward toward economic problems in Latin America since the last war, should permit an entire nation to be brought to the brink of ruin like this. Can we never expect true understanding an.- i«ai nelp?'" And the Vife of an editorial on the subject in a leading Chilean newspaper summed up" the attitude attitude of many a Latin Anlerican with Ihesc words: "Who says dol- " price from Sl.80 a pound to 51.03. His technique was dcvaststingly simple: Stop buying. It -worked. In loss than two |a r "di'piomacy"is'"dcad? ri months a f t e r the U.S. had sus-1 u v i . pendcd purchases, the international international quotation on tin dropped the required 77 cents. But when Symington authorized limited importation importation again, the price soon crept back up to $1.20 a pound. By holding RFC purchases to a m i n i m u m which was insufficient , . tracts with foreign producers -particularly -particularly B o l i v i a n -- were not i renewed. Between J u n e and Scp- Wimberley Becomes Chief Of Utility's Advertising, Sales Appointment of Bob Wimberley, formerly of Fayettcvillc, as Ar- I . J u n e rttiu o\-H J U I M I t l i y ui r a j c i n . * ..jt, "J "· , , r ,,, t h i s ycari , otal imports | kansas Power and Light Corn- i |i c d by two-thirds, from a n l p a n y . , ncw manager of advertis- sis- average 9,000 tons to 3,000 a | i n g a n d SRle ,. promo tion was abler nounccd yesterday. Wimberley i While Symington's policy . . _ . aimed chiefly at the highhanded _ _ f.1 4 U n O f i l I r h . F l l l t r ' V l 1 i n UL i » i a, n i i i i ^ u k n s , i -j ^ - o j tactics of the British-Dutch of Mrs. on foreign r l a n . cartel in lhc Malays, Bolivia's economy was thrown for a terrific loss. Thi normally accounts for 82 per cent of that mountainous landlocked landlocked country's exports. Due to topographical ami transport c l i f f i at. . i-.j. lopogl a p l l l C H I i l l l ' l l l t l l l s p u l l M I I I I Mr. cullies, production costs arc high, ( T h e metal cannot be sold profit- ably at the same price as Asiatic Calif, l i n : so beginning · in October, Bolivian producers stopped ship- was when neighboring i mcnts. That ( b ', ics . bcRnn to lake ^ Mdhudist | ] . j()US nol(? of 1np t i n crisiR T | 1CV t e r - 1 i iarl thought that a settlement! , \\-ould be reached before it was 100! late, but by then it had become' evident that S.vminnlon would nol C.; modify his policy under any c-ir- ' this cunistanccs. Coffee srowcrs in Mexico. Brazil. Brazil. Colombia nnd Guatemala; Cuban sugar planters, Chilean nit nit r a f c and copper-mine operators.] succeeds the lat« Edgar B. dies nutt, whom he served as assistant for more than two ycar^. Since November, 195(1. Wimberley has been an administrative assistant lo C. Hamilton Moses, president of the company. A native of Jonesboro, Wimber- Icy was a reporter on the Tribune there and editor of its weekly.! While a t t e n d i n g the was sports editor and reporter for the TIMES. He was menacing edi- lor nf the Traveler, University; paper, and editor of the campus i pa.jer while attending Monticcllo : A. and M. : lie served d u r i n g World ; ONE NAME chawed buying hibit of millions all began to realise t h a t what had happened to Bolivian lin might .well happen to t h e i r products -Smith if the U.S. decided to make its I sinsle-acency purchase policy scn- StJoseph mm W O R L D 1 1 ' I A R C - F S T S F L I F

Clipped from Northwest Arkansas Times21 Jan 1952, MonPage 8

Northwest Arkansas Times (Fayetteville, Arkansas)21 Jan 1952, MonPage 8
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