Word: ruhr
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...Black Valley. Only the black and blasted valley of the Ruhr could produce the coal and steel to make .the Marshall approach work. Other conferences were discussing the Ruhr. If these failed, the 16-nation conference in the Grand Palais could not succeed, and they, in turn, could amount to little unless the Marshall approach actually resulted in a workable program...
Drastic increase of Ruhr coal and steel production was the indispensable first step to make the Marshall plan for western Europe a working reality. But there were three snags dead ahead: French fear of a revived Germany, lack of capital for Ruhr reconstruction, the British Labor Government's insistence on nationalization, which the U.S. maintains should be deferred. Last week a little progress was reported in clearing these blocks...
...French Communists were tirelessly playing on French fear of a strong Germany. But Foreign Minister Georges Bidault, bolstered by a recent vote of confidence, was reportedly willing to discuss a U.S. proposal for upping Ruhr coal and steel production under a plan of internationalized management. For Bidault, this was political daring; for France, a long step toward agreement. Nevertheless, all the Western nations had was still only a basis for further talk...
...chummy note to "Lew," World Bank President Jack McCloy suggested to his brother-in-law Lewis Douglas, U.S. Ambassador to Britain, that the World Bank might provide funds for Ruhr reconstruction. But since Germany is not eligible for a World Bank loan, a way would first have to be found to get around the bank's legal restrictions...
...Britain was in no position to be stiff-necked about socialization of Ruhr industry (see FOREIGN NEWS), as was indicated by her readiness to discuss Ruhr coal production in Washington...