THE CAPITAL: A Word for the Taxpayer

To the unknown American taxpayers to whose tax contributions the Austrian economy owes the millions contributed in good will toward its reconstruction.

So reads the-dedication of a book presented to President Eisenhower last week by Austrian Ambassador Wilfred Platzer. The book: an Austrian government study of how U.S. aid, a total of $1.4 billion since 1948, enabled Austria to recover from the ravages of World War II and postwar Russian plundering, and build out of the wreckage one of free Europe's most thriving economies.

"It is to the U.S.'s historic credit," the study says gratefully, "to have recognized the vital importance...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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