FOREIGN TRADE: A Noble Idea

President Truman's Point Four program for developing backward nations has been discussed at high policy levels for months. But it was not till last week that two congressional committees brought the talk down to earth. From spokesmen for U.S. business, which was expected to supply the know-how and capital for the program, the committees got some plain talk on what was needed to make the program work.

Before a joint committee looking into the whole field of U.S. investments, appeared Eugene Holman, president of Standard Oil Co. (N.J.). How did he think U.S....

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