Rayon for Peons

Last week the Mexican Consul General in Manhattan announced a deal whereby 1) millions of pesos of native capital went to work in Mexico, encouraged by the new friendly atmosphere of the Avila Camacho regime, 2) Mexico took a big step toward her own industrialization, 3) Japan lost another customer in the Western Hemisphere, 4) a Massachusetts textile firm sold a batch of idle machinery.

Entrepreneur of this quadruple play was an Italian count (who likes to be called Mr.), debonair Giovanni Naselli. Born in Manhattan 45 years ago, and hence a U.S. citizen, the count is no Fascist although...