Word: northerns
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Dates: during 1950-1959
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Flight was about the only choice left for the 880 French businesses with an in vestment of $240 million in Northern Indo-China, most of it in Hanoi. What the businessmen wanted after Geneva were solid guarantees of freedom and a sound financial basis for trade. What they got was the familiar Communist doubletalk of vague, high-sounding promises coupled with arbitrary action that showed Frenchmen-and all Western businessmen-the hopelessness of doing business under Red rule...
...first taste of trouble came with an announcement of Communist fiscal policy. The only currency valid in the Northern zone was to be Communist Ho Chi Minh's piasters, a printed currency that had no value before Geneva. The Communists arbitrarily based it on the price of rice, 230 piasters for two pounds of grain. But since rice prices fluctuate wildly from area to area and from season to season, the currency would depend on the crop, thus make it impossible for any Northern businessmen to set up a solid business. Imports would be next to impossible...
...French businessmen hopefully set up shop in Haiphong, waiting to see what would happen in the next eight months. Shell Oil Co., which supplies 70% of the northern market, frankly hoped that business would return to normal after a while. Said a spokesman: "We will try to continue our operations in the north." But the two U.S. oil companies in Indo-China, Standard-Vacuum and Cal-tex, were not so hopeful. Stanvac closed down completely in Hanoi, was only doing a small business in Haiphong. Caltex took out everything movable. Said one veteran Caltex man: "Our experience in China, where...
...that he could better serve his many U.S. customers (biggest: Scripps-Howard) with a U.S. mill. He decided on Calhoun because it has plenty of water, good transportation and access to vast supplies of southern pine, which has a growth cycle of only 25 years, v. 75 years for northern spruce...
...shoot upstate troopers. On NBC's Lux Video Theater, there was plenty of hysteria mixed in with the wisteria as Massa Zachary Scott kept mooning about the veranda of his columned home while trying to make up his mind between a daughter of the Old South and a Northern hussy. On Robert Montgomery Presents, Paul McGrath played a Yankee who couldn't choose between his ever-loving wife and a Central European charmer, while CBS began the run of a new series, Climax, with an examination of the manners and morals (both terrible) of Southern California. The Climax...