Foreign Aid – America pays 70% of it.
June 12, 1947 – an otherwise uncomplicated day, but with many committments.
Starting with Benjamin V. Cohen, state department counselor, said Europe may need up to $24,000,000,000 in outside assistance during the next four years to halt starvation and check the “danger dictatorships.” Cohen, one of Secretary of State Marshall’s key advisers, also made it plain in an address before the national convention of the United States Junior Chamber of Commerce that he thinks Great Britain should share in whatever aid programs are worked out to help Europe as a whole. “Those who have been studying Europe’s rudimentary rehabilitation needs,’ he said, “tell us that Europe, including Great Britain, may require as much as 5 or 6 billion dollars a year for another three or four years to meet those needs.” Cohen is the first high state department official to follow up Marshall’s call last week to the European nations to get together and work out a joint reconstruction program which the United States can support.
And Secretary of Agriculture Anderson said yesterday that rationing of sugar for home use will be ended “as quickly as possible.” He said figures on sugar receipts from Cuba and on consumption under rationing soon will be on hand and “as soon as these factors indicate that there is sufficient sugar to do so, we shall remove all restrictions on sugar for household use.’ Anderson appeared before the House banking committee on separate bills to end household sugar rationing and to give priority on sugar to those using it for home canning. The House agriculture committee meanwhile heard proposal by Chester Davis for a long range policy of abundant food production as against ‘scarcity designed to maintain high prices. Davis, now president of the Federal Reserve bank of St. Louis, was head of the Agriculture Adjustment Administration during. the early New Deal years.
He appeared as a representative of the Committee for Economic Development. “It will be better to seek high returns per worker through largevolume, low -cost production,” he said. “The, Increasing productivity per worker in which this country’s agriculture has resulted because’ farmers, year by year, have commanded more and more capital per .worker in the form. of machines and land.
And finally; Ferenc Nagy, the deposed moderate premier of Hungary, is expected to arrive in New York tomorrow, assured in advance that the United States will be “very glad” to give him refuge from the Communist forces now ruling his country were expected to arrive at noon at New York’s LaGuardia Field. Their plane originally was due here last night, it was said, but was delayed. Nagy will be met in New York by his 22-year-old son Ferenc, Jr., and Aladar Szegedy-Maszak, who was Minister in Washington for Nagy’s Government. The diplomat has refused to recognize the new Communist-dominated regime in Budapest.
A State Department spokesman, confirming that advised the U.S. Government of his desire to comer here. said the United States would be “very glad” to give him haven.
And that’s just a small slice of what happened this July 12th in 1947 as presented by ABC Radio’s News Of Tomorrow program.
(caveat: terrible sound from damaged disc for first minute but clears up dramatically after that)
