Word: tins
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Dates: during 1950-1959
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...influence-peddling and political loans in the RFC finally penetrated Truman's nostrils, he called Battler Symington in as the cleanup man. Symington fired employees who had become entangled in the influence web, and opened loan files to public scrutiny. When he decided that the world's tin producers were gouging the U.S., he slashed the price the RFC would pay for tin. This brought cries of anguish from Bolivia, and got Symington into an argument with the State Department. Now that Symington is leaving, the Bolivians hope to win the argument (see THE HEMISPHERE...
...that Stuart Symington is pulling out of the RFC (see NATIONAL AFFAIRS), Bolivians hope that a settlement is at last in sight in their ten-month-long row with the U.S. over the price of tin. Last week Ambassador Ricardo Martinez Vargas had a talk with President Truman, and Dean Acheson declared that it was "extremely important" for agreement to be reached quickly between the two countries...
...issues, so simple when the row started, had become complex. When the Korean war began, the world price of tin shot up from less than 80? to almost $2 a Ib. Symington, the official U.S. tin buyer, refused to pay such a gouging price. Since the U.S. takes about half the world's tin, the price fell. 'Bolivian tin men cried ruin, demanded $1.50. Symington offered...
...total, $7.6 million came from interest on loans, $8.7 million from scaling down the amount RFC set aside for losses. In addition to its $16.3 million dividend, the agency turned over $79 million in profits from RFC's synthetic-rubber-production monopoly, tin sales and liquidation of wartime assets...
...corridors of Tin Pan Alley's Pentagon-the Brill Building, on Broadway-oldtime songwriters are taking it big. A novice at the trade has written a catchy song called Snowflakes, Guy Lombardo has recorded it for Decca, and song sheets and records are selling in a flurry. The successful tunesmith: a nine-year-old girl from Brooklyn, a fourth-grader who doesn't even know Billboard from Variety...