Word: nasser
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...seek gains from threatening to do so, is not a triumph, neither does it augment grandeur. The Suez Canal, by reason of its internationalized character, both in law and in fact, is the last place wherein to seek the means of gaining national triumphs." He made passing reference to Nasser's much quoted Philosophy of the Revolution (see box) and its implicit threat of an Arab withholding of oil, "the sinew of material civilization without which machines would cease to function." To guard against such threats, Dulles proposed an international board to run the canal...
Russia's bulky Foreign Minister Dmitry Shepilov made a speech full of the usual Russian irrelevancies, but noteworthy, despite its buttering up of Nasser, in its acknowledgment of the need for "international cooperation." Meeting for the first time, Shepilov and Dulles held several fruitful side sessions. Against the original rigidity of the British and French positions, both Russia and the U.S. stressed flexibility, raising the ironic possibility that these two opponents might bring together those who for years have volunteered to provide a bridge between them...
...Telling Nasser. As the side-room politicking began, Nasser's chief political aide, Wing Commander Ali Sabri, flew in from Cairo. He announced that shipowning nations still had rights in Suez−"the same rights as a customer in a shop." Then he went into a long session with India's Krishna Menon, whose eagerness to defend Nasser's anti-Western stand was slightly tempered by awareness that the canal is also his country's road to market. At week's end one Asian delegate asserted that, of the half-dozen Asian representatives...
...delegates was saying privately in London: "We young nations need the tools of industrialization that come to us through the canal−and we cannot afford, as you can, to have them go round the longer and more expensive way. This is what we are telling Nasser." France's Foreign Minister Pineau made the same point to the conference, in a shrewd effort to divert the issue from Nasser's cry of colonialism...
...whole bent of the conference was now to show Nasser that he could accept an international Suez authority without diminishing his country's sovereignty one iota. The effort was conciliatory, free of threats of what would happen if he refused. John Foster Dulles worked on a scheme for a new Constantinople treaty, so that Egypt need not accept what it had already spurned. So long as he was ready to accept what Germany's Foreign Minister von Brentano called international "institutional safeguards," Nasser had a chance to own his Canal Company (after due compensation), and the world...