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...billion of the $14 billion subscription, promotes international monetary stability by lending money to meet short-term balance-of-payment problems. With the U.S. using its considerable influence to bolster the Alliance, Latin American countries have been able to withdraw an imposing $210,200,000 since March. The heaviest borrowers so far: Brazil, $60 million; Chile, $60 million; Colombia, $65 million...
...Senate Commerce subcommittee last week, ICC Chairman Everett Hutchinson, with the support of nine of the commission's eleven mem bers, presented a plan which, he argued, would save commuter railroads from "a plunge into disaster." Under the ICC proposal the Government would give the railroads with the heaviest commuter traffic the equivalent of their direct investment in passenger operations and, in addition, would match dollar for dollar such aid as the railroads were able to squeeze out of state and local governments. Primarily designed to stimulate local aid to the passenger lines, the ICC proposal was not calculated...
Even among railroadmen, the plan did not win unanimous applause. In the East, where passenger losses are heaviest, railroaders were cautiously delighted; a spokesman for the Pennsylvania allowed that his line would be happy to take any money it could get from anybody. But in the long-haul West, stronghold of profitable railroading, there were bitter cries that what the railroads needed was not more Government intervention but less...
Handicapping is no job for a sensitive man. Owners complain bitterly about "unfair" weights, but Trotter shrugs off such criticism with the impassivity of a baseball umpire. Fortnight ago, when he assigned 136 lbs.-heaviest handicap of his career-to the speedy, four-year-old gelding, Kelso, in the $112,800 Brooklyn Handicap, Trotter said calmly: "I expect complaints." None came-although Kelso had to spurt from behind to eke out a narrow, 1¼-length victory. "He's one of the great ones," said Handicapper Trotter after the race. "No question about it." Then Trotter added: "Of course...
Into Seoul last week bounced retired U.S. General James A. Van Fleet, 69, breaking diplomatic china with every step. Van Fleet, who was U.N. commander during the heaviest fighting of the Korean war, is a bit of a hero to every South Korean, and often called "the father of the ROK army." Invited to Korea by the junta, Van Fleet briskly put his seal of approval on the generals' coup d'etat against democratically elected Premier John Chang. "The finest thing that has happened to Korea in a thousand years," declared Van Fleet...