Word: bolivia
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...President Truman, he spent a full year at La Paz without confirmation by the Senate; the appointment was not actively pushed by the State Department. Recalled for "consultations" with the President last May, he signed a letter of resignation and left it at Foggy Bottom before going back to Bolivia...
...make friends with the natives, then push on into the hinterland where white men have never been. They are steeled to the fact that conversions will be few & far between, even to the possibility of being received with war hatchets or poisoned arrows. Five missionaries were killed in Bolivia by Indians in 1943. But in spite of hardship and hazard, New Tribes attracts plenty of candidates for its work. There are 190 of them overseas-mostly in South America-living on about $100 a month per man & wife team and planning to spend the rest of their lives where they...
Like two opposing field commanders discussing a truce, Bolivian Ambassador Ricardo Martinez Vargas and RFC Administrator W. Stuart Symington held an important conference in Washington last week. After four weeks of polite parleying, they came to terms: Bolivia agreed in principle to sign a 30-day contract to sell her tin to the U.S. at $1.12 a lb., subject to the approval of the big Bolivian tin producers. The terms added up to a notable victory for Symington, who has been fighting a two-front war for lower prices for tin and other raw materials. One front is against Bolivia...
...Declared. Symington declared war two months ago when he stopped buying Bolivia's tin, at $1.39 a lb., some 79% higher than pre-Korean prices. He began selling tin to U.S. consumers from the stockpile, in 18 days hammered the world price down to $1.06. Since Bolivia gets 83% of its foreign exchange from sales of tin, chiefly to the U.S., its economy began to shake. State Department officials feared that a depression might cause a revolution in Bolivia that would at least result in sweeping anti-U.S. forces into power...
Hazy Figures. To find a fair price, Symington and State sent a joint commission to Bolivia last month. The commission discovered that the Bolivian government had only hazy figures on tin production costs. In effect, the producers started out with a selling price, such as $1.50 a lb., then "justified" it by arbitrarily setting their costs, e.g., labor and equipment, 53?; taxes, 54? dividends, 18?. Since labor costs were only 23% of the selling price, Symington argued that the tin barons and not the workers got the benefits of high prices. (Average Bolivian income is 1/40th of average U.S. income...