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...Estenssoro, taking power in a leftist revolution in 1952, nationalized the big tin mines and energetically pushed the state oil monopoly, formed in 1937 after an earlier government had forced out Standard Oil Co. of N.J. On the face of it, these moves made the chance of new foreign oil investment in Bolivia look dim indeed. Nonetheless, Paz Estenssoro made a hard-boiled decision that Bolivia needed foreign capital, and in 1955 enacted a liberal code for oil operators from abroad. Last week Pittsburgh's Gulf Oil Corp., first big operator to move in, signed a 40-year agreement...

Author: /time Magazine | Title: BOLIVIA: For Elections | 4/9/1956 | See Source »

Gulf's operation at Kuwait on the Persian Gulf makes it No. 2 (after Jersey Standard) among U.S. oil companies in world production. Company chiefs evidently concluded that the 1952 tin nationalization was a political necessity, and that Paz Estenssoro is now able to get on realistically with the development of the country. The exploration area granted to Gulf is-ironically enough-part of Jersey Standard's old concession...

Author: /time Magazine | Title: BOLIVIA: For Elections | 4/9/1956 | See Source »

...with hate. It is tense and murderous today. Suleiman's 16th century wall and Palestine's 20th century travail divide Jerusalem between Old City and New, and sentries-Jordan's Arabs, Israel's Jews-stand an uneasy guard. "If one of those soldiers throws a tin can at another across the wall," says a Western diplomat at the bar of the National Hotel, "it could touch off a holocaust." A travel agent sips his drink, then breaks in: "There has been no change. There has never been peace in Jerusalem...

Author: /time Magazine | Title: Religion: JERUSALEM: Easter, 1956 | 4/2/1956 | See Source »

Died. William Bushnell Stout, 75, famed aviation pioneer, builder of the first (1918) internal-strut, cantilever-wing U.S. aircraft, the first commercial monoplane (in 1919) and the first all-metal plane (a Navy torpedo bomber in 1922), co-designer of the famed Ford Tri-motor ("Tin Goose") in 1925; of a heart attack; in Phoenix, Ariz...

Author: /time Magazine | Title: Milestones, Apr. 2, 1956 | 4/2/1956 | See Source »

Betsy Nelson, as Dorothy, must separate her emotions from the foolishness of her clown-friends, and in not displaying much sympathy she does this only to a limited extent. The Scarecrow, Tin Woodman, and Lion, as played by John Bernard, Fred Morehouse, and John Fenn, have a lot more fun and are very successful. Marc Brugnoni's excellent Wizard has a winsomeness and honesty which is very appealing. He, Fenn, and Anne Adams, in the dubious role of the Good Witch, turn in the happiest performances in pleasant, sprightly show...

Author: By Gavin Scott, | Title: The Wizard of Oz | 3/28/1956 | See Source »

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