Word: rico
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...President Eisenhower's jet took off from Ramey Air Force Base in Puerto Rico last week, it left a stream of political smoke behind. With Ike in the big, orange-trimmed plane for a friendly chat en route to Washington went Luis Ferré, 56, the millionaire industrialist, accomplished pianist and M.I.T. honor graduate who is running for Governor on the Statehood Republican Party ticket in the November elections. The trip got big Page One headlines in Puerto Rican newspapers, and Candidate Ferré beamed: "We talked as one Republican to another...
Ferré's opposition is durable Governor Luis Muñoz Marín, 62, architect of Puerto Rico's commonwealth status and the Popular Democratic Party's unannounced candidate for a fourth term. Trying to counter the presidential boost for Ferré, Muñoz declared that Eisenhower on his visit had "recognized the great value of commonwealth and the great economic and social progress registered under the present government of Puerto Rico." Some Muñoz followers, taking a different tack, grumped that Ike's friendliness toward Ferré amounted to interference in Puerto...
...commonwealth v. statehood, Ike was less helpful. Though Ferré argued hard on the trip for a Republican plank endorsing statehood, Eisenhower replied: "I think you'd have a better chance, Luis, if you could give the platform committee some indication of public opinion on statehood in Puerto Rico." Ferré found that Republican leaders in Washington generally favor keeping some form of the 1956 plank, endorsing the "fundamental principle of self-determination" of the Puerto Rican people. In his political campaign, Ferré will try to prove that self-determination means statehood sooner or later...
...noisiest charges leveled against the U.S. by Latin America's Communists (see below) and rabid nationalists is that Yankee capital is used to exploit rather than assist underdeveloped nations. Last week Under Secretary of State C. Douglas Dillon traveled to Puerto Rico to cite the facts. Said Dillon, speaking to a conference of hemisphere economists, educators and government officials : "Instead of extracting wealth, U.S. firms are creating new wealth for host countries." Items...
FREE TRADE ZONE will be established in Puerto Rico. To be located in port city of Mayagüez, zone will permit U.S. and foreign businessmen to manufacture goods from imported raw materials in Puerto Rico, ship finished products to U.S. markets with duty only on raw materials...