TOYS FOR SOLDIERS: Latin America's Biggest Waste

FOR once they all seemed to agree," smiled Peru's President Manuel Prado last week as a chorus of assent from Latin American Presidents answered his call for a hemisphere-wide conference on disarmament. The U.S. Department of State hastened to approve the idea. Brazil, Colombia, Ecuador, Venezuela and Uruguay agreed to meet, and Argentine President Arturo Frondizi cabled "my firmest support."

But while Peru's Prado drew cheers, his navy brass was quietly concluding a deal to buy two cruisers from Britain for $4,000,000. President Jorge Alessandri of neighboring Chile, who earlier had assailed the "ruinous competition" in weapons, observed that "it is...