Word: capehart
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Dates: during 1950-1959
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...roll on the White House lawn. Two separate inquiries have been started in the Senate alone. Squabbles over who is to get the juicier witnesses seemed to be developing between Senator Harry F. Byrd (Joint Committee on the Reduction of Non-Essential Federal Expenditures) and Senator Homer E. Capehart (Senate Banking Committee). Capehart claimed the probe as within his group's legitimate jurisdiction; Byrd countered that his committee had been quietly looking into the matter for several months...
...post-Korean sag in metals also severely jolted some metal-exporting foreign countries, and the higher goals may allow some stockpile" purchasing abroad. The Randall Report, the Milton Eisenhower Report on Latin America and the Capehart Report on defense production all recommended increased stockpiling as a sound way of bolstering wobbly foreign economies. Last week the Administration gave one neighbor a lift by agreeing to buy up 100,000 tons of Chilean copper...
...growing U.S. official sentiment for stepped-up economic aid to Latin America, Senator Homer E. Capehart, chairman of the Senate's Banking & Currency Committee, last week added his influence. Milton Eisenhower had earlier toured Latin America and found a need for the U.S. to hold down tariffs, stockpile more raw materials and make more development loans. Industrialist Clarence Randall, reporting last January to President Eisenhower on foreign economic policy, had proposed limited tariff cuts that would help Latin American exporters...
...when Senator Capehart and his colleagues set out last October for a 51-day flying study of Latin America's economy, there was doubt as to how a free-enter prising Republican millionaire from the traditionally high-tariff Midwest would feel about such economic aid. Capehart gathered his evidence tirelessly, attending more than 300 meetings with U.S. and foreign business and government officials. As Banking Committee chairman, he focused on the work of the Export-Import Bank of Washington and the International Bank for Reconstruction and Development (World Bank). Chomping cigars, he applied...
...Capehart particularly stressed expansion of the Export-Import Bank rather than the World Bank. He reasoned that Export-Import i) favors loans to private (including U.S.)companies in Latin America, and 2) requires that imported machinery and equipment used in its developmental projects come from the U.S. (The World Bank lends mainly through governments, insists that equipment be bought where cheapest.) Capehart's recommendation collides with the policy of Secretary of the Treasury George Humphrey, who has cut Export-Import Bank loans to a minimum for reasons of general economy. When this issue comes up for settlement, probably before...