FOREIGN TRADE: Only the Beginning

When a Senate subcommittee last week began to investigate charges that the Isbrandtsen Steamship Co. Inc.'s Flying Cloud had run "contraband" into Communist China, it quickly struck rich paydirt. But it was not the pay dirt that the committee had expected.

First on the witness stand was Calvin Frederick Bonawitz, the Flying Cloud seaman who had made the charges in a letter three weeks ago (TIME, Oct. 9). Since he had written the letter, said Bonawitz, he had learned that he was mistaken on some major points. It was not armor plate...

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