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...European industrial machine with German coal. Heavy industry no longer would threaten Europe under the Potsdam proposals, for Allied nations had first call on Ruhr coal and would receive in addition 1,557 factories in reparations. Germany was to receive food in return for the coal and could maintain a not-too-proud existence as an agricultural and light industrial nation. But the Potsdam proposals never saw much action. Just as other parts of the agreement stalled before the ideological clashes of the great powers, so reparations and levelling of German industry melted in the heat of the East-West...
...Republican rally and were greeted by an orchestral medley of Minnesota, Hats Off to Thee and Beautiful Ohio. Then both spoke from the same dais. Said Taft, warmly: "Governor Stassen and I have differed on many issues . . . but we are prepared to compromise our individual views to ... maintain the solidarity of the party." Replied Harold Stassen: "I have a deep respect for [Taft's] integrity, his sincerity and his ability...
...question still unanswered was how much control over Bizonia's occupation policies Congress would demand in return for more U.S. dollars. Looking for a compromise which would keep both Congress and the British happy, the conferees had one big point to make. Britain will still maintain the bulk of her 200,000-man occupation army in Bizonia, thus precluding the necessity for sending any more U.S. troops...
...combat inflation for the duration of our Three Year Plan, to curb speculators against the Chinese dollar and to maintain China's international balance of payments, another fund will be required.... All use of such a fund should require the countersignature of a representative of the U.S. Government and it should not be set up until certain corrupt practices are stopped. Let us assume that the Chinese Government will act rapidly and effectively against the speculators and budget a $150 million exchange-stabilization fund for our total Three Year Plan...
Meanwhile, in Tihua, the Russians maintain a busy consulate general, a branch of their Foreign Trade Commissariat, the Sino-Soviet Aviation Corp., a branch of the Sino-Soviet Cultural Association, a school and a hospital. On Sundays, most of Tihua's Russians (more than 200 in all) go up the Urumchi River for an isolated picnic. In northwest Sinkiang and the western outpost of Kashgar there are even more Russians. Sinkiang workmen are mining valuable wolfram for them at Fuwen; others are tapping the rich oil pools at Wusu...