To the growing U.S. official sentiment for stepped-up economic aid to Latin America, Senator Homer E. Capehart, chairman of the Senate's Banking & Currency Committee, last week added his influence. Milton Eisenhower had earlier toured Latin America and found a need for the U.S. to hold down tariffs, stockpile more raw materials and make more development loans. Industrialist Clarence Randall, reporting last January to President Eisenhower on foreign economic policy, had proposed limited tariff cuts that would help Latin American exporters.
But when Senator Capehart and his colleagues set out last October for a 51-day flying study of Latin America's...
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