Word: formosans
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...when high military commanders could write drafts which the treasury had to honor -usually by turning the printing press a few more times. The Nationalists' budget, 37% in the red in 1950, is now close to balancing. Six months ago, one U.S. dollar would buy 30 or more Formosan dollars on the Hong Kong free market; today's rate is around...
...alter the philosophy of its rules for organizations. To the Housemasters, and later to Dean Bender, for clinging to the seven o'clock deadline on women guests. To the Republican party's experts on the Far East for their quixotic, bombastic, and highly vulnerable songs of praise to the Formosan leader, Chiang Kai-shek. To the dependable legislators of Massachusetts, for their yearly playful attempts to legislate Communism out of people's minds. To Coach Loyld Jordan, for repeated efforts to clarify his position on why big football is good football. To the Cambridge police, for their absurd insistence...
...President Truman told his press conference: "The United States [has no] intention of utilizing its armed forces to interfere in the present [Formosan] situation. The U.S. Government will not pursue a course which will lead to involvement in the civil conflict in China . . . will not provide military aid or advice to Chinese forces on Formosa. In the view of the U.S. Government, the resources on Formosa are adequate to enable them to obtain the items which they might consider necessary for the defense of the island." EGA help would continue...
This view was upheld by Professor of Medieval History C. H. Taylor, while Donald C. Williams, professor of Philosophy, declared himself on favor of MacArthur's proposal to blockade China. All three speakers agreed against our using Chiang Kai-Shek's Formosan forces...
Chiang has been forced to hold constant purges of his Formosan troops, an indiction that his army is still splottered with disloyalty...