Word: important
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Dates: during 1950-1959
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...session for months, were much disturbed at the reassignment last fortnight of Assistant Secretary John Moors Cabot, Dulles' top Latin American hand, to the post of Ambassador to Sweden. Almost to a man, they believe that Cabot was moved out because he had urged greater use of Export-Import Bank loans to finance Latin American economic development, and was overruled by Secretary of the Treasury George Humphrey, who favors letting the World Bank take over that responsibility. Now, though Cabot will still go to Caracas as Dulles' adviser, the Latinos are wondering what further changes in U.S. policy...
...special assistant to Ambassador George Messersmith. Among his tasks: blacklisting firms dealing with Axis countries. In 1945 he joined B.B.A. & S. in Houston and established the firm's Mexican affiliate, which now employs 16 bilingual lawyers mainly concerned with setting up and financing mining, farming, insurance, import-export, banking and oil companies. Business has also taken Holland on fre quent trips to Central and South America. He lives with his wife Betty and three children in a three-bedroom house, plays a "passable" guitar and shuns the oil-rich Houston social life...
Unwilling to continue its large scale capital exports, the Administration hopes that South American industry will route loan requests through civilian banking channels. Such loans would model inter-American business relationships on those of this country. Already the Export-Import Bank, the main agency for Washington's foreign loan arrangements, has diminished the flow of capital to private industry in South America. And this policy is a wise one. While loans to Latin governments for national improvements will continue, it is wrong for Washington to compete with private banking houses in a field that offers a legitimate area of profit...
...price of coffee, Haiti's No. 1 cash crop, is up, as every U.S. housewife knows, and the 1954 crop is likely to be good. Despite price drops in sisal and sugar (production of which is almost back to where the French had it in 1791), exports plus imports should stay steady at the recent level of $80-$100 million yearly. Since most government revenue comes from import-and-export duties, the budget is likely to remain at around $26 million (v. $8,400,000 ten years ago). CJ Magloire has been able to get along with Trujillo...
Stavros Niarchos is something of a man of mystery who manages to keep out of the public eye. Born in Greece in 1909, he studied law at the University of Athens before entering a small family flour-milling company that imported grain from Argentina. Noticing that most Greek millers, like his family, imported their grain in small lots, Niarchos soon organized import pools and went into the shipping business to handle the trade. He built up a fleet of six ships, turned them over to the Allies during the war, and put in a tour of North Atlantic destroyer duty...