Word: ega
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...Washington, ECA's boss Paul Hoffman continued energetically taking his first quick EGA steps. He made an official appointment. He named Dr. Dennis A. FitzGerald, gaunt, able director of the Department of Agriculture's Office of Foreign Agricultural Relations, as chief of ECA's food division. "He's probably the greatest authority on food procurement and distribution in the world," Hoffman said. FitzGerald came to Washington 13 years ago from Iowa State College...
This week, Hoffman would have to pause long enough to face Congressman John Taber's Appropriations Committee and justify the expenditure of $4.2 billion of ECA's $5.3 billion authorization. EGA had $1 billion as a loan from the Reconstruction Finance Corporation and $55 million for stopgap aid already tucked away. But the big balance would have to be approved by Congress again. That might slow down Hoffman's steps. Cautious, tight-fisted John Taber said that he wanted to go over all the European nations' requests carefully, the hearings might take weeks...
...pinch in steel, plus the added demand from EGA, had already put new life in the dying grey market. To spread the steel, some companies planned to cut customers' quotas under the industry's present voluntary rationing, system. Others, convinced that this would not do the job, feared a system of Government allocations by fall...
...Into EGA. With the launching, ERP became ECA, the Economic Cooperation Administration. This week the President picked the man to run it: Paul G. Hoffman, president of the Studebaker Corp. and a top-drawer U.S. businessman (see col. 3). The job was no bed of roses; Mr. Hoffman wanted a little time to think it over...
...Europe. The Herter Committee recommended that the agency be a corporation with a board of directors. acting with the advice of other Government agency experts. If Congress preferred this setup, State would not oppose it. The committee's plan, in essence, differed little from State's EGA...