Word: tins
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Dates: during 1950-1959
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Bolivia. The U.S. had to make "strong representations" protesting the seizure of tin mines, partly owned in the U.S.. by the revolutionary government of President Paz Estenssoro. But, said Cabot, "we believe it is sincere in desiring social progress and in opposing Communist imperialism." Bolivia passes, and will soon get $5,.000,000 in Foreign Operations Administration "famine relief" food and $4,000,000 from other FOA funds...
...slaughter of a smutty little horror called "Oasis of Delightful Imaginings" ("The breeze that cools the dunes there has an opposite effect on the pantaloons there."). Doretta Morrow is piquant as Kismet's sole ingenue, particularly in "Stranger in Paradise," the most successful hybrid of Borodin and Tin Pan Alley...
...first Secretary of Labor, Wilson named William B. Wilson (no kin), who had been secretary-treasurer of the United Mine Workers. Warren Harding appointed James J. ("Puddler Jim") Davis, who had been president of an Iron, Steel & Tin Workers local. Herbert Hoover named William N. Doak, who had been vice president of the Brotherhood of Railroad Trainmen. Franklin Roosevelt appointed Frances Perkins, and Harry Truman chose Lewis Schwelenbach and Maurice Tobin...
...contract broke a long deadlock between the U.S. and Bolivia's revolutionary government. Ever since the RFC stopped buying tin in quantity in 1951 because it thought the price (up from around 80? to $2 a Ib.) was exorbitant, Bolivia has suffered severe economic cramps (TIME, May 5, 1952 et seq.). Negotiations with the U.S. for a new, long-term contract were not helped when Bolivia nationalized its tin mines and offered to pay off investors, many of them in the U.S., at only one-third of the value of the tin companies...
...three months ago the Bolivian government, keenly aware that the U.S. (the world's biggest tin consumer) would refuse to buy Bolivia's tin unless some fair plan was worked out to repay the stockholders, announced an agreement insuring compensastion. On sales of tin at prices between $1.06 and $1.21½ a Ib., 5% of revenues will go toward compensation claims; between 90? and $1.05. Bolivia will set aside 2½%, between 80? and 89?, 1%, and below 80?, nothing. Even at that, it will take investors a long time to get their money. Current New York price...