Word: fours
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Dates: during 1940-1949
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Nevertheless, said Holman, "as members of an industry that provided four-fifths of the private investment made by American interests abroad last year-totaling $1.5 billion-we are disturbed by the worsening of the investment climate in many countries." Holman thought that Point Four was certainly a fine idea-if it could be made to work. So did the U.S. Chamber of Commerce. This week it gave qualified support to the program-provided that the nations receiving the aid sign treaties "assuring fair treatment of American capital...
Hydrography & Health. To explain how Point Four might work was the job of Under Secretary of State James E. Webb. Last week he appeared before the House Foreign Affairs Committee to push an Administration bill clearing the way for $35 million worth of technical assistance, ranging from hydrographic surveys to health advice, to get the program started. Webb's vague generalities on how the program would stimulate world trade and hence the U.S. economy were not the blueprint the committee wanted. Snorted Ohio Republican John M. Vorhys, critic of foreign spending: "Rube Goldberg must have been your consultant...
Faith & Hope. Nelson Rockefeller, who with his brothers has launched his own private Point Four program in South America (TIME, Jan. 31), testified that he was also wholeheartedly in favor of Point Four. It was the promise of renewed "faith and hope that free peoples can work together . . . We cannot go on indefinitely subsidizing our exports by giving away dollars...
...sold 15 million of his hybrid chickens this year and his Hy-Line Poultry Farms (a subdivision of his father's seed company) expects to sell more than 20 million more in the 1950 season. Only about 475,000 chicks came directly off the four Wallace farms last year; the others were raised by breeders on a royalty basis or hatched from eggs sold to poultrymen at fancy prices. Noting that 9% of Iowa's chickens were already hybrids, young Henry predicted: "In seven years, 90% of all poultry farmers in the corn belt will be using hybrids...
...when Wallace finally got his hybrid, it started laying eggs earlier in the season than other breeds, laid larger eggs and more of them. In test runs sponsored by Iowa State College, four flocks of his hybrids netted an egg profit of $3.88 a hen a year, while other leading breeds brought in only 70? to $1.44 a bird. Average production of the hybrids was 247 eggs per chicken while none of the others broke through the 200 mark...