Word: eca
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...object of Jenner's wrath was the $5.5 billion authorization bill to carry ECA through its next 15 months of operation (see INTERNATIONAL). All week long a little knot of Republicans chipped and chiseled away at the whole tripod of U.S. foreign policy-ECA, the North Atlantic pact, the arms program for Western Europe. Their weapon was an amendment drafted by Nebraska's Republican floor leader Kenneth Wherry, which would lop $1.9 billion off ECA's budget and extend it only a year...
Haggling. Meanwhile, Republican Robert Taft had moved in. Teaming up with rebellious Democrat Dick Russell of Georgia, he wanted to cut the ECA 10% for economy's sake only. "I do not believe the scale on which we are spending money can be economically justified," said Taft. "If we are not willing to cut ECA ... we cannot cut any other expense...
...this it had added immeasurably to the chances of the U.S. and the world for enduring peace and prosperity. In the words of its chief, ECAdministrator Paul Gray Hoffman, it was on the way to proving itself "the best bargain the American people ever bought." Time to Breathe. ECA's most spectacular birthday present was the North Atlantic pact; it marked the flowering of economic cooperation into a joint plan of Western defense against Communist aggression. As Britain's Sir Stafford Cripps had said: "In one year EGA has done more for European unity than was accomplished...
Sometimes, when entertaining at home with his art-collecting wife, Marie Whitney Harriman, ECA's European chief finds his guests distracted from weighty conversation. His salon is hung with a pink Renoir, a blue Picasso, a Van Gogh bowl of yellow tulips, and a Gauguin. Said one of his dinner guests, later: "God, how could I concentrate on what he was saying, with those around...
...imagination of men." He preached the gospel of productivity, the continuous planning of improved production techniques. He found that European industrialists had a bias against new methods, just as U.S. producers had a bias in favor of them. In America's cities he told his hearers of ECA's success in stopping Communism, of what was being done and what remained to be done...