Word: importance
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Dates: during 1940-1949
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After Socialist Minister of Trade Oscar Schnake Vergara returned from a six-month visit to Washington last December, Chile's Socialist Party became noticeably cool toward its Communist colleagues in the Popular Front. Minister Schnake had wangled a $17,000,000 Export-Import Bank loan for Chile, and in return was supposed to see that the U. S. got full cooperation in its plans for hemisphere defense. Last January Socialist Leader Marmaduke Grove announced that if the U. S. entered the war, Chile would follow...
...Import 200,000 tons from South America...
Last week Warren Lee Pierson, twinkle-eyed, fat-fingered president of the Export-Import Bank, announced that for the time being he had spent his last diplomatic dollar courting sister republics to the south. He sat back to study the results of his wooing, figure whether he had scored over his rival, the Axis. One conclusion could be drawn: the course of bought love does not always run smooth...
...chest provided by Congress, President Pierson had lent almost $232,000,000 to Latin America. How much of this the Export-Import would see again was problematical. That U. S. manufacturers would benefit was certain. For Pierson had tied a string to most of the latest loans; with few exceptions, they provide that the money is to be spent in the U. S. Last week the exceptions began to cause trouble...
...admittance to the Council Ball. Grower Johnston also faced another paradox in the record of the Council's victories. The Council had successfully fought the use of foreign oils in the U. S., on behalf of cottonseed oil. Yet cotton-men have more to fear from anti-import nationalism than any other Americans for, unless the U. S. buys imports from abroad, foreigners have no exchange with which to buy U. S. cotton. In his plans for cotton's future, Grower Johnston seemed to rely not so much on the revival of world trade as on ersatz technology...