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HIE weather Friday rhtly warmer tonight iami, Fla., Friday, December 18, 1953 EDITORIAL LAWS FOR ENCOURAGING THE INVESTMENT OF FOREIGN CAPITAL IN LATIN AMERICA A recent editorial of the ”AMERICAS DAIL\ emphasined the need for Latin American countries to afford adequate guarantees foreign capital and assure it of sale within their borders. In any evwit, no investor will consider undertakings of any Inind inj hemispheric nations when he is faced with /oped*hostility, especially when he thinks of some of the sad experiences that have occurred in that area in the past. Although a foreign investor it most intimately concerned about seeing that the governments of J,atin American countries do not expose his venture Aipital to violently fluctuating policies, he should also be reassured by the passage of laws aimed at encouraging and protecting foreign investments. In several hemispheric countries, and resently kin the Associated Free State of Puerto Rico, measures kiave been adopted which haven’t failed to impress ■foreign capitalists who had previously been unaware ■of the possibilities for investing their money abroad. L These measures, or rather, laws, to be more Iprecise, do not harm the nations by which they are ■passed, but on the contrary bring them untold benef its. At the same time, such statutes must conform ■to economic conditions prevailing in the countries, and they must contain precise stipulations, s fixed duration for contracts and definite, JHH|amental terms aimed at benefiting, whether BHbctly or indirectly, the economic welfare of the involved. [ After a country is in a position to offer reas- and accommodations to investors interested in stimulating that country’s economic life, the only thing left for it to do is to initiate a wisely directed publicity campaign abroad. It will find, on doing so, that financial circles in other countries —and in the United States in particular, where there are unlimited amounts of unemployed capital—will welcome the glad news with open arms. Countries having laws protecting foreign cap ital investments must see to it that these laws are scrupulously observed by honest practices, so that the interest of foreign investors will grow with the ' passage of time. By the same token, the investor is beholden to conform to both the letter and spirit of contracts which he may sign with Latin American governments, for it is these contracts that assure 1 : *r» of guaranteed benefits. f\6R European Fences To 3e Housed [ ':rr‘*s7 In Sig C®!on!za!soa Plan ASUNCION. Paraguay IP) —Par-! a ' ay can accommodate 18.000 E iropean families as colonists for remote areas of the country. Such is the opinion of the Inter- C vernmental Committee for Ev-I r mean Emigration, located at j C : neva. which considers as prac-) t'ml a plan of Paraguay for pro-} n oting such colonization. Drr. Rob- i e to L. Petit, who is presided of the Paraguayan Institute for Ag- i rarian Reform,-attended a recent 1 meeting in Rome of the committee.! Br. Petit told the United Press that the committee had been very interested to learn of the plan. The families, to come from Italy, j Germany. Holland and Greece, ] would settle in the fertile regions of Caaguazu, Amamba.v and Upper Parana. They would be given the chance to acquire land around j 1,000.000 hectares in accordance with a twenty-year plan. The three } areas are well supplied with fer- j tile farm land and virgin forests. The vast colonization project, ! known as the “Plan for Immigra- } tion and Development," was work ed out by the government fol-; lowing a lengthy survey. The col- ; konists would constitute an autono ■jpous group with self-government, j E representative from the Inter-1 Committee for Eu-: Emigration, who would a! ■MHPHp-i P mane an on-the-spot study of tnc plan. Dr. Petit asserted: "We don’t just want to establish another farm colony. What we want is to carry out a wide development of those areas." He added that oppor- 1 tunities for establishing industries j wi' l be afforded not only to colon-j ists from the four previously men tioned countries but private citi ze-:’ ' from other countries as well. Tiie 13,(W0 families to be moved to Paraguay would be exempted for twenty years from paying cus toms duties on personal effects, implements and tools, and other goods usually subject to duties. The colonists could make use of up to 5 per cent of their products and fruits of their labor in any way they might see fit. The colon ists themselves would determine the exact percentage. The first concern of the Para guayan government will be to build roads to the points which will serve as sites for the colony. Public works projects for the areas con cerned are already under study. The approximate cost of the col onization program has been esti mated at $54,000,000. which would be invested over a several-year period. The mission expected in Febru ary will devote ten months- to a preliminary study, before the col onists begin their departure from Europe. The details of the plan have al final form to Geneva. The areas to be colonized lie in the southeastern part of the coun try and are watered by several rivers, the principal ot them being the Parana. Inter-American Peace (omdftee Convene WASHINGTON 'IP The Inter- American Peace Committee met here and its five members ex changed viewpoints on the case of Haya de la Torre. The session lasted only 45 min utes, and shortly after the presi dent of the peace committee, am bassador Luis Quintanilla of Mex ico, said that they would meet again next week. Through Latin America The name Nicaragua is derived from Nicarao, the name of an Indian chief who existed in this area at the period of the Spanish Conquest. Columbus himself set foot on Nicaragua soil, when he was blown off his course in 1501 on his fourth and last voyage to t,e New World. In 1519 Spanish population along the southwestern discovered a rather dense Indian population along the southwestern shores. The promise of an easy means of communication between the oceans contributed to the ex plorations and expeditions in this area from 1522 on. The Spanish settlements began to be located principally in the lake plains, in spite of the hot climate, in order to hold more easily in subjection and to utilize the labor of the large Indian communities which had long since grown up there. Although the original inhabitants were almost exterminated in many districts, enough remained to be come the predominant racial ele ment in the conglomerate popula tion. Ttie concentration of the pop ulation in a few centers has been one of the dominant factors in Nicaraguan life since the begin ning of the Colonial period. Another important element i n the history of this country has been the natural highway between the Atlantic and the Pacific Oceans afforded by he basin of the two lp-ge lakes Lake Nicaragua and 1...xe Managua. In colonial times the route across the Isthmus through I .eon to Granada on Lake water to the Atlantic Ocean was j commonly used for the transpo- j tation of products from all parts of Central America to Spain. Dur- ■ ing most of the colonial period tha administration of Central America was placed under the jurisdiction of the captaincy - general of Gua temala. In the Spanish colonial empire the captaincies - general were administrative units smaller or less prominent than the vice royalties, headed by Spanish royal officers called captains - generals who possessed both civil and mil itary power. The captains - gen eral of Guatemala had charge of the whole area and local governors were appointed for Salvador, Hon duras, Nicaragua and Costa Rica. The city of Leon was the seat of the provincial government of Nic aragua in spite of the commercial importance of Granada. The independence of the five provinces of Central America from the Spanish crown was proclaimed in Guatemala City on September 15. 1821. However, while Granada accepted the new government, the Spanish governor in Leon, like the i authorities in many of the other i provinces, remained faithful to the mother country. As a result of this , situation, an intermittent war be gan which lasted until General Morazan, who had become presi den of the Central American Fed eration after the failure of Mexico (1822) to unite Central America to itself, sent Dionisio de Herrera to Nicaragua as “Chief of State” to restore law and order. Bolivian Ambassador Speaks A' Denyson GRANVILLE. Ohio (UP) The Bolivian ambassador asserted in a speech here that no future Bolivian government could hope to remain in power, even by force, if it at tempeted to return the nationalized tin mines to its former owners. Ambassador Victor Andrade spoke before a forum at Denison University here. He said his gov ernment nationalized the tin mines because their owners were short sighted persons who kept the Bol ivian people poor and ignorant, while maintaining themselves in power. “The agitation against nationali zation has continued because the forces behind the tin barons hope they will be able to overthrow the government and once again rule without regard lor the masses,” j Andrade said. "That hope is vain. No govern ment can restore the tin mines to then former owners and maintain itself even by naked force.” Andrade described the nationali zation as an “expression of con structive nationalism which sought to recover for the people and for justice which rightfully belongs to both.” Somoza Names New Minister MANAGUA itfl— David Rasko sky, a young businessman, was appointed "Minister of the Man aguan National District”. He succeeds Doctor Julio Quin tana. who resigned because,of ill health. c Doctor Quintana left on Decem ber 12 for Boston, where he will undergo a throat operation. Tke Americas Daily PRESIDENTS OF COLOMBIA AND ECUADOR MEET AT SANTA MARTA Cultural Cooperation Among The Countries Os The Americas, An Important Topic Os Debate Brazil and Mexico expected to play outstanding roles in the discussions Better organization and a clear er definition of the objectives of cultural cooperation among the countries of the Americas will be one of the results of the Caracas conference. Brazil and Mexico will probably play important roles in achieving this task. It is expected that gov ernments and private institutions in, the Americas will show greater enthusiasm and advocate continu ity and efficiency in cultural co operation, so that better results will be forthcoming. The agenda of .the Tenth Inter- American Conference, which is to meet in Caracas next March, con templates the revision of the con vention for the promotion of inter- American cultural relations, which was approved in Buenos Aires in 1936. There will also be study at Caracas of a proposal for an In ter-Americau Cultural Charter, which was recommended by the 1948 Bogota conference and sub sequently brought under study by the Inter-American Cultural Coun cil, which mot in Mexico City in 1951. Conclusions arrived at in the Caracas parley will serve to guide the second meeting of the Council, scheduled to be held in Sao Paulo, Brazil on October 4th of next year. During the Mexico City session a large amount of preparatory work was conferred upon the de partment of cultural affairs of the Pan American Union, whose di rector is Dy. Erico Verissimo, noted Brazilian writer, whose best known work is “Time" and the Wind,” a novel dealing with the colonization of the Brazilian state of Rio Grande do Sul. * » Dr. Verissimo has been depart ment director since May of 1953, when he succeeded Dr. Amoroso Lima, also Brazilian. Latin American diplomatic cir Members Os Pan American Medical Ass’n Visit President Eisenhower Professional scholarship program gets full support from the American Chief Executive WASHINGTON, (UP) The American Medical Association was assured by President Eisenhower that he is interested in that or ganization’s plan to amplify its post-graduate scholarship program so as to permit 100 Latin Ameri can doctors to come to the United States annually to pursue three year courses of study. The chief executive received more than 50 members of the as sociation in his office and later posed with them in front of photo graphers. Association president Dr. Joseph J. EUer, who headed the delega tion of doctors, was presented by Eisenhower with a letter which read: “I have been greatly honored to day to receive these distinguished representatives of the Pan Ameri can Medical Association, and I am happy to extend my greetings to those members who will partici pate in the coming convention - cruise to be held next January aboard the “Nieuw Amsterdam” and in the cities of Caracas, Vene zuela, Ciudad Trujillo, in the Do minican Republic; Saint Thomas, Virgin Islands; San Juan, Puerto Rico, and Havana, Cuba. “I am deeply interested in see ing the association's scholarship program widened, so that levels of professional ability may be lifted. Moreoever, understanding and cooperation among the nations of the Americas have certainly been promoted by your 26-y ear program for exchange of knowl edge and friendship among doctors in this hemisphere under your credo: “The practice of medicine does not recognize any national, racial or religious frontiers.” “You and your colleagues of the Pan American Medicial Associa tion can be certain of my support for these endeayprs.” . Th extending his personal greet ing to the doctors, the President said: “The letter which I handed you i cles in Washington said that the j two Brazilian men of letters have | carried out a tremendous lot of | preparatory studies, the import- I ance of which will be made evi dent at the Caracas meeting. For the purpose of giving them coherence and direction, Verissi mo has been busy compiling and synthetizing eight huge volumes of cultural resolutions and projects considered at former conferences. On January , Verissimo will be gin a 40-day tour of colleges and universities in the Southwest and Pacific coast states of the United States as a part of his program aimed at encouraging closer co operation of American institutions lof higher learning with the inter- American cultural program. 1 n March he will go to Caracas to take part in the conference delib erations. When interviewed, Dr. Verissimo said: “I am of the opinion that the cultural topics on the Caracas agenda are of extreme importance, and I trust that our basic program will be approved at that time. It seems to me that all the Ameri can republics are showing great interest in developing their cultu this matter. The Brazilian writer indicated that one''of the points to be con sidered i*i relation with the pro posed revision of the Buenos Aires cultural convention is that which facilitates the exchange of profes sors and students His department has prepared a special report on | this matter I Verissimo is in favor of a great er exchange of elementary school | teachers among the American re j publics. Another of his objectives is to I encourage inter-American confer ' ences of ministers of education ■ and directors, rectors and deans |of institutions of secondary and ! higher learning represents official approval of our participation in your program. I am unable to tell you how happy I am that you display so much professional interest in the enor mous health problems of the West ern Hemisphere. You can be cer tain, as I have already said in my letter, that I shall do every thing in my power to aid the en deavors of your association.” The President invited the PAMA members to visit him and inform him of the contributions made by the association to understanding among countries of the Americas during its twenty-six-year exist ence. The doctors conversed with the President about their plans for a convention - cruise which will hold ts sessions aboard the New Am sterdam during a Caribbean tour. Dr. EUer stated that personal contacts among the people o f neighboring countries can contri bute to making mistaken ideas about one another disappear. Special guests at the White House for the occasion were Dr. Milton Eisenhower; Mrs. 0 v et a Culp Hobby, Secretary of Public Health, Education and Social Wel fare; John M. Cabot, assistant Secretary of State; Major General Howard M. Snyder, official physi cian for the White House; and Nel son A. Rockefeller, Undersecretary of Public Health. Social Welfare and Education. Among members of the PAMA who attended the White House con ferencd were Drs. Ramon Aixala, Julio Schutte, G. Garcia Lopez, Juan Jose Mestre and Laureano Falla, all from Havana, and Dr. Leopoldo E. Lopez, from Caracas. The Nieuw Amsterdam will leave New York on January 6th and will make the following stops; Jan. 10th, Willemstad; Jan. 11th, La Guaira; Jan. 13th, St. Thomas, Virgin Island; Jan. 14th, San Juan, Puerto Rico; Jan. 15th, Ciudad Trujillo; and Havana, from Jan. 17th to the 20th. _ Red Publications Banned In The British Guiana GEORGETOWN, British Guiana The following organizations affiliated with the People’s Pro gressive Party have been outlaw ed here by a recent government decree: The Demerara Youth Ral ly, the Pioneer Youth League and the British Guiana Peace Commit tee. Another government order has banned importation of the publi cations of the World Federation of Trade Unions and the following papers: “For a Lasting Peace”, “For a People's Democracy”, "Soviet Weekly” and “Caribbean News”. • Janet Jagan, wife of ousted Premier Jagan, and nine ctfher members of the People’s Progres sive Party who were accused of holding an unauthorized meeting, were brought to Court. They have been freed under bail and have maintained their innocence. The Chief of Security, who acted as police representative, asked for a prompt hearing of the case be cause of the public interest in volved in it. Eisenhower Offers Stale Dinner To Latin Diplomats WASHINGTON (IP) President Eisenhower offered a state dinner to members of the diplomatic corps who did not attend a similar dinner held last week. The party was divided into two groups, be cause the White Hou§e cannot ac commodate all the diplomats at one time as a special guest during the dinner was Nicaraguan Ambas sador Guillermo Sevilla Sacasa, who ranks second among the dip lomats accredited here. He is pre ceded only by the Norwegian am bassador, who is the dean of the diplomatic corps. Among the Latin American am bassadors who attended the re ception, accompanied by their wives, were those of Argentina, El Salvador, Paraguay, Haiti Cu ba, Guatemala, Venezuela, Chile, Mexico, Brazil and the Dominican Republic. They hold that same order in respect to precedence, ac cording to the date on which they presented thir credentials. Batista And Former President Arevalo Meet In Havana HAVANA —W A private au dience was to be held here between President Batista and Dr. Juan Jose Arevalo, former president of Guatemala, it was announced here. Although the official announce ment goes so far as to report the visit of the Guatemalan politican. political circles are giving special importance to the interview be cause of the important role Dr. Arevalo has had in inter-American relation?. Observers point out that Guate mala has been often mentioned as the country where Cuban politi cal exiles have been operating, and they recall that several Cuban po liticians have sought refuge in the Guatemalan embassy here in the past few days. The purpose of the meeting be tween Batista and Arevalo has not been disclased, but informants opine that it must be of importance and may be in regard to relations between the Cuban government and Colonel Jacobo Arbenz' regime, in which ex president Arevalos is still an influential figure. New Argentine Envoy To U.N. Appointed i BUENOS AIRES (W DoctoJ Juan I. Cooke, presently an aJ gentine Ambassador, has been ad pointed as Argentina’s permanefl delegate to the United National Argentine Foreign Minister Remorino also attending SANTA MARTA, COLOMBIA, - <W—Officials of three countries Colombia, Argentina and Ecuador —gathered in this Colombian port city overlooking the Caribbean to attend a conference of presidents and foreign ministers commemorat ing another anniversary of the death of the Liberator Simon Boli var. Colombian Foreign Minister Evaristo Sourdis told the United Press: ‘‘The only object of this meeting of distinguished represen tatives from the Americas is to mark the first time that an anni versary of the Liberator’s death j has been celebrated under the ausp- j ices of a Colombian government j sustained by the armed forces of the country. No political, economic nor any other sort of implication, then, should be loked for in it.” Nnetheless, other authoritative sources have said that Colombian President Gustavo Rojas Pinilla and Ecuadorean President Jose Maria Velasco Ibarra would take advantage of the occasion to dis- \ cuss aspects of thier two countries’ economic relations and other mat ters of mutual interest. In addition to the ceremonies commemorating the death of Bolivar, in which Ar gentine Foreign 'Minister Jeronimo Remorino took part, Velasco Ibar ra and pojas Pinilla held a priv-1 ate conference. The ceremonies were held in the Quinta de San Pedro Alejandrino, a fifteen-minute ride from Santa Marta, on the same spot where Bolivar passed away the 17th De cember, 1830. The room which had originally housed the sugar cane press for the hacienda of San Pedro was specially decorated for the occas ion. A table, around which were seated the dignitaries taking part in the ceremonies, was placed in the spacious 12-by-12-meter room. The long, high, whitewashed walls of the room were hung with por traints of Colombian heroes, while the entrance to the decorated with flags of ian countries and Argc^HHBHHB It as reported that be contacts at various between ‘ l < Co ■> dorean if? let:a* atv Bg :h< conference dents ot the two discussion of K * interest Hole- !‘ i B Ibaria will fiy toHQMHHHHR on bojterd the The Medillian bi a no. in i ati l 'V< i i'i SPAM pJ 1 There onitruction. Kmß Sc le u’flH Se te oMUmM Re me See Les ind may i^gMSgm -2 Tb'EmSm literal H . bay habii ßlllllll bubo lillll ha hUliii habr^K^'pJHl babr^^^^B ■i t is ive [X-^J u-m ; tad mul m[fl FOR LIBERTY. CULTURE AND HEMISPHERIC SOLIDARITY arrival in Colombia of the Ecua doren president, said: “This land is not unfamiliar to Sr. Velasco Ibarra, and on finding himself in it once again, he will be able to feel that he has rejoined his family. He spent most of a period of exile in Colombia, follow ing the overthrow of his first term of office by a military coup d’etat. This was his second homeland for a long time, and here he distin guished himself by the forthright manner with which he faced ad verse conditions. In our cultural circles he became well known as a professor of outstanding .ability and as a citizen of great virtue. He always respected the fact that he was a foreigner, although he was generally made to feel as if he were a Colombian.” SANTA MARTA. Colombia, (IP) —Foreign Minister Evaristo Sour dis confirmed officially that Presi dent Gustavo Rojas Pinilla is wil ling to accept the invitations to visit Ecuador and Argentina and added that the President had also received invitations from Venezuela and “other countries in the Ameri cas”. Sourdis said that it was still pre mature to talk about possible dates for the trips, but an authoritative source asserted t hat provisional plans contemplate his leaving Colombia around July, 1954 for a tour of the various countries. Foreign Minister Sourdis added that President Rojas is “deeply grateful" for the invitations, as he considers them a gesture of cordial/ itv and friendship toward Colorn- . "yffiC ■ - "M;?# t 1 ’a • I : i v ■ ■ P ’ ; '■ • : ‘i ; Ui, i-! jB ■ 'll ' ■« ’ j.. y.