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...figure of Leopold II that stands before the Parliament building. Léopoldville has no visible revenue, but somehow the lights functioned, the garbage was collected and the water ran normally. Government departments were hardly functioning, but to the utter amazement of Manhattan financiers, a check arrived at Dillon. Read & Co.'s Wall Street offices from the Congo's Central Bank paying in full the $393,750 interest due Oct. 1 on Congo bonds...

Author: /time Magazine | Title: CONGO: Entr'acte | 10/17/1960 | See Source »

...Other examples of gold and dollar hoarders Dillon presumably had in mind: Italy, The Netherlands, Sweden, Austria and Japan...

Author: /time Magazine | Title: ECONOMICS: Give a Hand, Here | 10/10/1960 | See Source »

...Under Secretary of State Douglas Dillon joined in: "The eyes of the struggling people of the newly developing countries are upon us. They are looking in particular to the leading creditor countries, especially in continental Western Europe,* for an effort more in line with their capacities. For the safety and progress of the free world we must see to it that their hopes in this regard...

Author: /time Magazine | Title: ECONOMICS: Give a Hand, Here | 10/10/1960 | See Source »

Never before at an inter-American conference had the U.S. coupled such exalted goals with such hard promises of hard cash-loans for long terms, loans at low interest, loans in both hard and soft moneys, loans for social development. Dillon and his men sought out the delegates, spelled out the changed U.S. posture. They urged the Latin Americans to create an attractive climate for foreign investors and local capitalists, but made it clear that Washington no longer insists on private capital as the all-purpose solution for development woes...

Author: /time Magazine | Title: The Hemisphere: Triumph in Bogota | 9/19/1960 | See Source »

Blocking the Cubans. By the end of the second day, Ecuador called for a Latin American vote of thanks to the U.S. Oldtime Critic Schmidt joined in: "Brazil is grateful to the U.S." Dillon walked around the meeting table in Bogota's Military Club, seized Schmidt in a back-patting hug as delegates applauded...

Author: /time Magazine | Title: The Hemisphere: Triumph in Bogota | 9/19/1960 | See Source »

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