FOREIGN RELATIONS: Point for Point Four

In the two years since Harry Truman pulled Point Four out of a hat and stuck it into his inaugural speech, it has remained largely a plan without a program. But last week a board headed by Nelson Rockefeller and comprised of representatives from business, labor, agriculture, health and law, handed the President a carefully worked out program for giving point to Point Four.

The board proposed the creation of a massive Overseas Economic Administration, to absorb ECA and all foreign-aid programs now scattered among 23 U.S. agencies. It proposed the appropriation of $500 million for OEA to spend on aid...

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