Dear Time Reader: Last July President Eisenhower's International Development Advisory Board made a recommendation. It suggested that representatives of private business, industry and finance from both the U.S. and Latin America get together in a privately sponsored conference to discuss the mutual advantages of increasing the amount of private U.S. investment capital in Latin America.
The President promptly sent his personal endorsement of the plan to the board's chairman, Eric Johnston. Even before this, the City of New Orleans had become interested in the board's idea. Rudolf S. Hecht, on behalf of International House, and a group of the city's private business...
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