ARGENTINA: A Pair of Deals

Tempted by Juan Peron's new friendliness, two major U.S. businessmen tested the waters of Argentine investment last week and seemed quite ready and willing to wade in.

Atlas Corp.'s Floyd Odlum was in Buenos Aires for the second time. On his first trip, in June, he had proposed only to produce crude oil at Neuquen, 600 miles southwest of Buenos Aires and to build a pipeline to get it out (TIME, June 14). Peron approved, but nationalistic politicians and army officers raised the old cry of foreign exploitation. Odium countered by dressing up his deal with a plan that combines...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!