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...emergency taxes on foreign companies, Chilean corporations or the Chilean rich. And foreign aid is pouring in. West Germany has offered to rebuild Valdivia; Argentina will aid Chiloé Island; Sweden will help Puerto Saavedra. The U.S. has given most of all. The Export-Import Bank of Washington has lent $10,770,000. Private citizens have donated $5,000,000, and President Eisenhower last week approved a $20 million gift as the "first step" of a broad aid program to Chile's homeless and desperate people...

Author: /time Magazine | Title: CHILE: Asking for Calm | 7/4/1960 | See Source »

...there was a "reasonable" chance of repayment. It grew from an initial lending capacity of $11 million to today's $7 billion. After World War II, when the Marshall Plan took over the rebuilding of Europe, Ex-Im concentrated on Latin America. Of the $7.3 billion it has lent so far, $2.6 billion has gone to Latin America-more than to any other region of the world, and far more than the total $430 million lent to Latin America by the other major, official U.S. lending institutions, i.e., the International Cooperation Administration and the Development Loan Fund...

Author: /time Magazine | Title: THE AMERICAS: Banker Uncle Sam | 6/13/1960 | See Source »

...give unity to the show." Ritchie's eye was catholic: among the 150 oils, 68 water-colors and drawings, and 47 pieces of sculpture are works from 17 countries, ranging from the nightmarish quality of Francis Bacon's Study for Head of a Pope, lent by Beekman Cannon, '34, to Paul Gauguin's sunlit Landscape at Le Pouldu, lent by Paul Mellon, '29. France leads the list with 99 entries; next is the U.S. with 42. Most represented artist in the show is Picasso, with eleven pieces, followed by Degas with ten, Rodin with...

Author: /time Magazine | Title: Art: In Elihu's Steps | 6/13/1960 | See Source »

...exposed to good art all my life." Harriman acquired Henri Rousseau's Rendezvous dans la Foret from a dealer in Paris in 1935; the dealer had bought it from a washerwoman to whom Rousseau had given the painting in payment for her services. Several alumni have lent a number of works to the show; Industrialist Stephen C. Clark, '03, donated 24 pieces to the exhibit, among them Degas' Self Portrait. Another top contributor is Henry J. (57 Varieties) Heinz, '31, who lent Rufino Tamayo's somber Woman with a Shawl, along with 15 other paintings...

Author: /time Magazine | Title: Art: In Elihu's Steps | 6/13/1960 | See Source »

...thing was terribly heavy, but the friends who lent him money told other friends (who lent), and they told still others (who also lent). Addison never promised anything but a 10% annual interest on the money and "my gratitude," which all his eager, misty-eyed lenders translate as barrels of money. To date, Addison has paid off the 10% interest to some of his investors, has even fully paid off a few nervous investors who demanded their money back. But most of the money was devoted to the business-including two executive airplanes and a big house near Denver...

Author: /time Magazine | Title: TEXAS: The Uranium Upgrader | 5/30/1960 | See Source »

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