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...both the mountain and the rickety, narrow-gauge railway that leads to the port of Vitoria, 375 twisting, malarial miles away. When the Rio Doce Valley Co. was formed to administer the entire property the government and private investors subscribed to its $15 million capitalization and the U.S. Export-Import Bank chipped in $19 million more...
...government recently subscribed $19 million for Itabira. Last week, after a year of heated negotiations, the finishing touches were being put to a new $7,500,000 Export-Import Bank loan. That meant electric shovels, compressed-air drills and crushing plants for the Iron Mountain. It also meant further improvements on the railroad, new facilities at the port. With all that done, say in two years, Itabira hoped to reach its immediate target: a yearly output of 1,500,000 tons...
...dollar-financed purchases in Latin America, mostly from Argentina, do not satisfy them. They want U.S. dollars to build up home industry, raise cellar-low living standards. The most the U.S. was prepared to offer on the eve of the conference was an increase of $500 million in Export-Import Bank lending authority, and an easing of the bank's rules so that more dollars could flow southward. There might be World Bank help, too. The U.S. intended to tell Latinos that their best bet was U.S. private investment, that to get it, Latin American governments would have...
...work at Bogota, there will be top-flight statesmen on the job. Crisis-harried George Marshall will head the U.S. delegation, with Cabinet-rank support from Commerce Secretary Averell Harriman, Treasury Secretary John Snyder. Export-Import Bank Chairman William McChesney Martin Jr. will be there, and John J. McCloy, World Bank president, though not a delegate, plans to be on hand. The diplomatic backfield will be sparked by Assistant Secretary for Political Affairs Norman Armour...
Both Black & Brown. The black rats (Rattus rattus rattus) of ancient history invaded the granaries of Egypt, afflicted the Hebrews with plague, and are reported to have stimulated the Romans to import snakes to kill them. They reached England during the reign of the House of Hanover, and were therefore called "Hanoverian rats." In modern India, black rats infest lower-caste houses, where they are protected by religious sanctions...