Word: eca
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...months justifying the appropriations. To Republican Leader Joseph Martin and Republican Tightwad John Taber, Salesman Hoffman made an urgent, timely appeal. The cuts, warned Hoffman, would embarrass Secretary of State Dean Acheson at the Big Four conference in Paris. Hoffman's proposition: let the cuts stand, but let ECA come back for more at the end of 13½ months instead of the 15 months originally intended...
...When the revised ERP bill hit the House floor, it sailed through 193 to 27. Half of the cut in funds for occupied areas was also restored. It was a compromise designed to keep everybody happy: the House had had its fun, swinging the ax -and, in the end, ECA was probably not hurt badly, just nicked in the neck...
...Next Step. Should the West, too want an economic arrangement? Allied views differed. Some ECAmericans, led by European ECA Chief Averell Harriman, believed East-West trade would bring more benefits to the West (in raw materials, less U.S. aid, loosening of the Russian hold on satellite nations, etc.) than to the East. Others held that a restoration of trade would not pay off unless it was accompanied by an eastward advance of Western ideology. In return for economic benefits Eastern Europe must grant democratic political reforms...
...government to balance its budget (for the first time since 1931) and set up a realistic yen rate (360 to $1 U.S.). In return for the national belt-tightening that this signified, the Japanese would receive U.S. aid (around $4,000,000 in 1949) along self-helping ECA lines...
Married. Nancy Marie Whitney, 22, daughter of Under Secretary of Commerce Cornelius Vanderbilt Whitney and stepdaughter of ECA Ambassador W. Averell Harriman; and Edwin Dennison Morgan Jr., 28, working as copy boy on the New York Herald Tribune; in Arden...