Word: capeharts
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...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...
Falange Party attacked the President's suburban home. Forewarned, Paz Estenssoro had long since slipped off to the presidential palace. The rebels went on to seize a police station. "We heard lots of shooting," said Capehart. By 9 o'clock, armed members of the pro-government unions had put down the minor revolt in the capital; then word came that the main uprising was at Cochabamba, 140 miles away. Battle Reports. Neither Capehart nor Paz Estenssoro scares easily, and they had business to attend to. Punctually at 10 a.m., Capehart arrived to keep his appointment with the President...
President and the Senator talked about tin mining. Fresh reports disclosed that loyal forces were now fighting back strongly in Cochabamba. Capehart chewed on his cigar. Another telegram told how a boy on a bicycle had ridden, like a young Paul Revere, to the nearby town of Ucurena to alert the area's Indian farmers and tin miners to mobilize against the rebels. The President, the Senator and their aides calmly moved on to the U.S. embassy for a reception honoring Capehart. There, just after 1 p.m., messengers brought the victory report: "Cochabamba is ours...
...revolution cost Bolivia 23 dead, 42 injured-and one newspaper destroyed. After freeing Lechin, Cochabamba's irregulars had gone on to wreck the offices of the anti-government Los Tiempos. Paz Estenssoro jailed hundreds of rebels and his government announced it would try 723 persons for rebellion. Senator Capehart, having seen a genuine South American revolution at first hand, packed up his notes and moved on to Chile...