Word: exporters
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Secession Sentiment. As the settler population doubled and doubled again, the rising ferocity of Indian resistance was not the only danger. Beyond the Indians to the southwest were the Spanish in New Orleans, the "stopper in the Mississippi bottle," blocking the only cheap export route. Behind the Indians to the northwest were the British, arming the tribes, pre-empting the fur trade, still holding Detroit and the other lake posts they had agreed in the peace treaty to give up. The feeble Continental Congress in Washington was weeks away by hard roads and not much interested in backing...
Congressional reaction was mixed, and the President got praise and blame from both sides. But even before he had made his announcement, one big grain handler-Minneapolis' Cargill, Inc. (see U.S. BUSINESS)-put in its bid for a piece of the action by applying for an export license. The grain handlers are by no means the only ones who will benefit from the deal. It will fatten the chronically deficit-ridden U.S. balance of payments by a quarter of a billion dollars. Some 81,700 freight cars will be needed to move the wheat to ports. It will take...
...have Southern ties: Kendall was a football tackle for Western Kentucky State College; Austin spent his early youth in LaGrange, Ga., before moving up to Harvard Law School. Both are unusually young to head major corporations: Kendall is 42, Austin 48. Both advanced up the corporate ladder through the export division, an operation that now significantly accounts for 41% of Pepsi's sales and 42% of Coke...
Strategic Outposts. Cargill will have a major part of it, is already active in the East-West grain trade. Its Canadian subsidiary has signed up for 20% of Canada's $500 million wheat sale to Russia, and the U.S. parent is awaiting an export license to send $6,500,000 worth to Hungary. In the U.S. transaction with Russia, Cargill will dicker privately and separately with the Soviets, as will such other big dealers as Continental Grain Co., Bunge Corp. and Louis Dreyfus Corp. Cargill will then draw part of the wheat from its grain elevators (total capacity...
Washington will not only need to use its influence through the OAS to return democracy to the Dominican Republic. It must also exert continued and lasting pressure on the army to make constitutionalism stick. If the United States supplemented this with a program of aid and export price supports far more comprehensive than any it has yet offered, a new government in Santo Domingo might find the prosperity and stability that alone can insure democracy will stay there...