Word: fairless
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Just a week after President Eisenhower's advisory committee on foreign aid handed in its report, another panel of experts sent him a second report clashing with the first on a sizzling issue: U.S. aid ' to neutral nations. The committee headed by Steelman Benjamin F. Fairless had unanimously urged "a higher priority" in aid programs for "countries which have joined in the collective-security system" (TIME, March 11). The 13-member International Development Advisory Board, chaired by Movieman Eric Johnston, unanimously recommended increased U.S. aid for "countries wishing to remain free of all military alliances." Both reports...
...wrong-and what's right-with the U.S.'s foreign-aid program? To get a cold-eyed answer to this $4.7 billion question that is already vexing Congress, President Eisenhower last September named seven eminent men as "Citizen Advisers on the Mutual Security Program." With Benjamin F. Fairless, ex-chairman...
...some of foreign aid's purest theorists is the report's conclusion that "a higher priority should be given to those countries which have joined in the collective-security system"-meaning that such neutralist nations as India and Yugoslavia would be far down on the list. The Fairless argument: Other countries have a right "to take whatever course they believe to be in their own national interest. Our Government is obligated to do likewise, and we should marshal our resources to that...
...panel with Fairless: University of Virginia's President Colgate W. Darden Jr., onetime governor of Virginia; United Mine Workers' President John L. Lewis; New York Herald Tribune's Chairman Whitelaw Reid; Bank of America's Chairman Jesse W. Tapp; Procter & Gamble Co.'s Chairman Richard R. Deupree; American Machine & Foundry Co.'s Vice Chairman Walter Bedell Smith, Ike's wartime chief of staff...
...Republic Steel Corp. will still continue with its $187 million expansion program; so will Pittsburgh Steel Co., National Steel Corp., Armco Steel Corp. and Inland Steel Co., which have expansion plans totaling almost $500 million. U.S. Steel also is expected to keep right on with expansion of the huge Fairless Works in Bucks County, Pa., though it may postpone other expansion plans...