Word: dillons
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Dates: during 1960-1969
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...persuading prosperous Western Europe and Japan to 1) lower trade barriers against U.S. goods and 2) take on a bigger share of the burdens of defending the free world and aiding the underdeveloped countries. This week, in pursuit of these goals, Anderson and Under Secretary of State Douglas Dillon are scheduled to meet with top West German officials in Bonn (see FOREIGN NEWS...
From Washington this week two grimly determined men set out for Europe bent on keeping friends-but saving U.S. gold and dollars. To strengthen their sales pitch, Treasury Secretary Robert Anderson and Under Secretary of State Douglas Dillon had a potent new persuader: the seeds of a "Buy American" policy in the cuts in U.S. spending abroad decreed last week by Dwight Eisenhower (see NATIONAL AFFAIRS). But it was unlikely that the travelers would be obliged to brandish this weapon. Unable to blink any longer the sobering fall in U.S. gold reserves, U.S. allies around the world had at last...
Most dramatic change of fiscal heart last week was in West Germany. On the eve of the Anderson-Dillon visit, Chancellor Konrad Adenauer abruptly cut his country's cackle about being short of spare cash: his Cabinet hastily announced "complete agreement" to launch West Germany's first real foreign-aid program in 1961. Under the projected billion-dollar program, Germany will at last make available to the capital-hungry underdeveloped nations a significant hunk of the record $7.4 billion gold and hard-currency reserves accumulated during the spectacular German economic comeback...
Getting Heavier. Behind the Anderson-Dillon mission was no mere Shylocking or even any desire to lighten the burden of international assistance, which the sweating U.S. taxpayer has borne almost alone since World War II and which is the fundamental cause of the U.S.'s international-payments difficulties. What was at stake was the dollar's ability to go on serving as the free world's basic currency -a state of affairs on which, as the allies well knew, the health of their own booming economies depended. To help support the dollar and halt the flight...
Edward E. Wendell, Jr., of Quincy House and Milton, was elected captain of the 1961 soccer team at a meeting of the squad in Dillon Field House yesterday...