Diario las Américas. [volume], January 21, 1958, Image 10

About Diario las Américas. [volume] (Miami, Fla.) 1953-current

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Inter - American News
for English -
Speaking people
sth YEAR
a A SAN ROMAN C. W. SMITH 8 SMITH
President Vic® President Vice President
-..JKAWCWCO AGUIKKE HOftACIO AGUIRRE
vice President Mid Publishes Vic® President Editor and Manager
Antonio Rnlx Eliseo Rlera-Gftmez
Manarlni Editor Advt A Tire Mgr
Published daUr except Monday - Entered a® second class matter at th®
Post Offic® of Miami Sprtnrs Pla. on February 8 195 b.
EDITORIAL
PATRIOTIC CONCERN
When a high percentage of the citizens in a Republic
seriously concern themselves with the wellbeing of the
Fatherland, the fortunes of nations are quite different,
and political activities develop in a high plane, more
decorous and more constructive.
Unfortunately, those who deeply reflect on civic mat
ters, thinking about the interests of the country, are, almost
in every case, a minority. That is the reason why, with
discouraging frequency, there are political victories which
respond only to a well-planned and better executed
maneuver, which does not mean anything, in patriotic
terms, to the country’s welfare.
There are persons, who, although very careful in the
analysis of their own problems and affairs, which they
solve or try to solve within the norms of good judgment
and decency, do not act in the same manner when they
have to do something with matters of public interest
which, in one form or another, envelop the interests and
ideals of the Fatherland.
To raise the level of thinking in each citizen to the
height where the interests of the Fatherland are, should
be the concern and constant endeavor of all those who,
directly or indirectly, exercise some influence in the
community.
There are some persons who believe that patriotism
implies feelings which are not compatible with reality and
human nature, since it places them in planes of inac
cesible spirituality, as if only carrying out an idea of
almost Impossible practical realization. This way of think
ing is sometimes very dangerous, because the concept of
patriotism is then removed from the orbit of human
attitudes, depriving them, with this error, of inspir
ing themselves in the principles which give life, love,
and respect to the Fatherland. Patriotism, no mat
ter how much its spiritual significance, no matter how much
it Is represented as an ideal, should never be considered
as something which is outside of everyday realizations, as
long as there is a sense of responsibility.
Latin American Finance
and Trade News Reports
Venezuelans Purchase of
N. Y. Bank a Vital link
to Strengthen Relations
NEW YORK, Jan. 2 (UP)— A
short joint statement says that the
purchase of the Colonial Trust
Company Bank, by Venezuelan in
vestors. is considered by the new
owners as a “vital link in strength
ening reciprocal investments and
commerce" between the U S. and
Venezuela.
The sale was closed here when
the Venezuelan group purchased
94 per cent of the bank's stock
from the Chesapeake Industries,
Inc. Colonial had approximately
$71,000,000 on deposit in Decemb
er 1954 and the purchase was made
through an exchange of shares.
The new owners acknowledged
that they would bring general
banking and commercial experi
ence from Venezuela to the U.S.
banking institution, and that since,
as private investors, they have no |
official position as representatives
of the Venezuelan commercial com
munity, they consider their incor
poration in the U.S. bank as “a
symbol of closer economical and
financial bonds” between the U.S.
and their country.
The institution will enlarge in
ternal business in the country and
will maintain prestige and services
in the field of foreign banking.
They will organize a special de
partment to aid Latin American
visitors as well as U.S. companies
who have business in Latin Ameri
ca. They will maintain the same
operational policies, which are re
gulated by U.S. rulings.
The purchasing group was re
presented in the closing ceremony
by Salvador Salvatierra, Miguel An
gel Senior, Dr. Juan Carmona, Dr.
Hugo Brillembourg, Dr. Baru Be
nacerraf, Dr. Moises Benacerraf,
and Dr. Rodolfo Belloso. William
C. MacMillen. Jr., President of
Chesapeake, and who will continue
as President of Colonial represent
ed the selling firm.
Some 40 per cent of the pur
chased stock, or 24,000 shares, were
bought by the “Empresa Venezo
lana Valores Comerciales E Indus
trials (Vacoinca) which has a cap
ital of 45.000.000 Bolivares, and of
which Salvatierra is President and
Brillembourg is Executive Vice-
President.
“C.A. El Impulso,” a Venezuelan
company, which is the owner of a
newspaper of the same name which
has been in print for 55 years,
purchased an 18,000 block of stock
or 30 per cent. The company was
represented by Dr. Carmona. The
rest of the shares were bought
personally by Dr. Benacerraf, Dr.
Belloso. and Mr. Senior.
NEW VENEZUELAN
SHIPYARD FIRM
WASHIGTO A new enter
prise, Varadero y Astillero del
The AmeiHas Daily
For m better understanding between the Amothm
Zulia C. A., was recently organized
in Venezuela, with a capital of
$l.B million. It will be known by
the abbreviated name of “VAZCA”
and will be located 13 miles south
of Maracaibo. Most of the stock is
held by Venezuelan investors.
The company shipyard will be
operated by Levingston Shipbuild
ing Company, of Texas, one of
the foreign stockholders, and will
engage in the construction and re
pair of all types of marine equip
ment, including ships, barges, drill
ing units and tenders.
RIO DE JAEIRO FAIR
CHANGES
WASHINGTON The Rio de
Janeiro Industry and Commerce
Exposition, which was originally
scheduled to open last October,
will now open officially on Ja
nuary 31, according to the spon
sors.
The internationl section of the
Fair, however, will not open until
March 31. It will close on May 1.
8.0.A.C. TO REESTABLISH
AIR SERVICE TO
SOUTH AMERICA
WASHINGTON British Over
seas Airways Corporation has an
nounced plans to reestablish air
service across the South Atlantic
to Brazil, Uruguay, Argentina and
Chile.
The company recently complet
ed a survey of prospects for re
suming the route, service on which
was suspended in April, 1954, be
cause of shortage of equipment.
BOAC intends to extend to Ve
nezuela and Colombia the services
it now operated through Bermuda
to the British Caribbean. It hopes
to begin the extended service in
the autumn of 1958 by operating
as far as Caracas.
AMERICAN AND FOREIGN
POWER UNIT ELECTS NEW
PRESIDENT
WASHIGTO W. J. Amoss
was recently elected president of
Compania Cubana de Electricidad,
a subsidiary of American and For
eign Power Company, utility hold
ing company. He succeeds D. G.
Lewis, who will return to ew
York to assume the duties of a vice
president of American and For
eign Power.
For the past year, Mr. Amoss has
been executive vice president of
the Cuban company. Prior to join
ing it, he was Director of the Port
of New Orleans.
Compania Cubana de Electrici
dad provides more than 90 per
cent of the electric power distri
buted in Cuba. It is one of the larg
est subsidiaries of American and
Foreign Power and is presently
engaged in a $197 million expans
ion program, which is expected to
double its generating capacity by
196’
Ambassador Chiriboga Appeals to
U. S. to Pay More Attention to the
Urgent Problems of Latin America
KANSAS CITY, Jan. 20 (UP)—
Dr. Jose R. Chiriboga, Ecuadorean
Ambassador in Washington, call
ed on the United States to pay
more attention to Latin America
in the application of her programs
of economic aid.
Chiriboga made this appeal in a
speech here, while accepting, in
the name of his country, a plane
donated by Kansas City to the peo
ple of Ecuador, to be used in the
educational program of natives in
the Ecuadorean Amazon jungle.
The Ambassador pointed out the
little knowledge there is in this
country about Latin America, and
Know thy
Neighbor
By ANTONIO RUIZ
CHILE During the Spaniards
struggle with the untamed natives
of Arauco, a young captain named
Alonso de Ereilla wrote verses on
bits of paper, strips of leather, or
whatever he could lay his hands
on. When he returned to Spain,
he incorporated them into a long
poem and published the first part
in 1569. “La Araueana,” the re
cord of Chile’s beginning as a na
tion is the greatest epic in Spanish
American literature. Most Chilean
children know parts of its 37 “can
tos" by heart before they enter
high school.
Numerous editions and transla
tions have appeared throughout
the world. “The Araueaniad,” a
version in English verse was pub
lished in the United States in 19-
45. Ereilla and Arauco provided
Chilean writers of the 16th and
17th centuries with most of their
inspiration. Poets as well as chron
iclers set out to study the Araucan
ian Indians at home and in bat
tle. Best among Ereilla’s imitators
was Pedro de Ona, whose “Arauco
Domado,” published in English in
1948 as “Arauco Tamed,” skillfully
recounts events of the same wars,
but without the heroic quality of
the earlier masterpiece.
During the chaotic struggle for
independence in Chile, creative
writing lagged behind literature
that was aimed at spreading the
doctrine of the ’■evolution. New
life was dramatically injected in
to Chilean letters around 1842,
when the controversy between
classicism and romanticism was at
its height in Santiago. While Sar
miento, self-taught Argentine edu
cator, was calling for romantic
freedom of expression a progres
sive concept of culture, and emu
lation of the French writers, Be
llo and his followers were defend
ing a strict literary standard, the
purity of the Spanish language and
the supremacy of Spanish culture.
Even after Bello withdrew from
the debate, some of his disciples
continued the argument. Soon af
terwards, however, opponents of
Sarmiento’s principles and even
Bello himself adopted romantic
tendencies in their writings.
Towards the end of the 19th cen
tury, “costumbrismo,” the fashion
of presenting various phases of
contemporary life in short, inform
al sketches, made its way from Eu
rope to America. The humorist,
Jose Joaquin Vallejo, a member of
the generation of 1842, was a fore
runner of the Chilean “eostumbris
ta” school, which later turned to
longer stories or novels of man
ners and customs.
The greatest novelist after the
pattern of Balzac was Alberto Blest
Gana, whose works are detailed,
full-scale protraits of Chilean so
ciety. Luis Orrego Luco was a real
istic novelist of the following gen
eration. The novelist, short story
writer and literary critic, Mariano
Latorre, has for years headed the
“eriollista” school, faithfully re
producing landscapes and types
and customs of rural life. Luis Du
rand is another important contem
porary “eriollista” writer.
A complete picture of Chilean
city life as seen through the eyes
of a naturalist is presented in J.
Edwards Bello’s realistic novels.
The first Chilean short story writ
er to point up his country’s so
cial problems was Baldomero Li
llo, who was influenced by Zola
and other European naturalists.
Two outstanding novelists have
made direct studies of Santiago’s
middle class. Eduardo Barrios, a
master of abnormal psychology,
portrays the sufferings of a pre
cocious child in one book, the
struggle of a sensitive man in a
hostile materialistic enfironement
in', another, and the emotional tor
ments of a monk in a third novel.
Augusto D’Halmar, abandoning the
crude realism of his earlier works,
turns to oriental escapism in his
' later novels and short stories.
1 Spanish Version Page 3
MIAMI SPRINGS, FLA., TUSDAY, JANUARY 21, 1958
said: “Even the great exporters
and Importers of New York, New
Orleans, San Francisco, Florida,
Boston, Seattle and Baltimore,
know very little about Latin Ame
rica, with its 170,000,000 inhabit
ants and jts immense mineral, agri
cultural, hydroelectric and other
potentialities. But the people of
the United States as a whole have
either no knowledge, or superficial
knowledge of the real Latin Ame
rica and the future significance to
this country of the twenty free na
tions whose peoples hold ideals of
peace, justice and liberty similar
to theirs. Latin America is the
largest and nearest market for
United States products. In 1957,
trade between the United States
and its twenty sister republics
amounted to $8,000,000,000. Lat
in America has 70 per cent of the
strategic products essential to na
tional security of the United
States.”
“There is in this country he
said —a .marked tendency, in
speaking of economic and tech
nical aid, to think in terms of a
cold war taking place in Asia and
the Middle East. Many consider the
foreign aid given by the United
States as some kind of prize for
‘neutrals”.
“But Ecuador and other Latin
American nations are in urgent
need of aid, aid in the form of
credits, of trade under fair condi
tions, so that their peoples can
fight and eliminate ignorance, pov
erty and illness affecting millions
of human beings who are sincere
friends of the United States.”
Chiriboga pointed out that the
standard of living in some of the
countries in our Hemisphere is as
low, or lower, that in some Asiatic
nations, and added: “Russia and
her satellites are working hard in
Latin America also, to win the
friendship of the masses. Russia
realizes that at the very moment
in which one Latin American coun
try falls under communist domina
tion all the political and military
strategy of the United States will
be affected.”
The Ecuadorean diplomat then
said: “If the day should come when
the Panama Canal is threatened
by Russian submarines, the Unit
ed States will lose its main source
of supply for her peace industries
and her national defense.”
Chiriboga concluded saying:
“There is still time to save Latin
America for the cause of freedom,
peace, and democracy. Our peo
ples belong to Christian civiliza
tion and have more faith in the
might of right than in the right of
might.”-
Cultural Exchange
Meeting in Chile
SANTIAGO (UP)— With the
attendance of representatives of dis
ferent continental houses of study,
the first Latin American confer
ence of universary extension and
cultural exchange will start to
morrow.
The organizing- committee re
ported that during the meeting
they will basically cover the three
following themes:
An analysis of universary exten
sion; a study of the various forms
of seasonal schools; the financing
of activities of cultural activity and
universary extension.
HEMISPHERIC EVENTS
Latin American News in Brief
Venezuelan Relief
Sent to Peruvians
CARACAS, Jan. 18. —(UP).—
The Venezuelan government sent
five Army Air Force planes to
Peru with 22 thousand pounds of
food, medicine, and clothes for
the victims of the Arequipa
earthquake.
The chief of the Venezuelan mis
sion is Lieutenant Colonel Abel
Omaha.
Argentine Airline
Gets U. S. Permit
WASHINGTON. (UP) Trans
continental Airways, a new Ar
gentine company, has been award
ed a permit to begin service bet
wen Buenos Aires and New York.
The authority was granted by
the Civil Aeronatutics board but
the decision has not yet been
made public.
Conservative Gen.
Ydigoras Fuentes
Holding Lead in
Guatemalan Vote
GUATEMALA CITY (UP)—
Rightwing candidate Gen. Miguel
Ydigoras Fuentes is holding the
lead today in the first returns
from Sunday’s presidential elec
tion, in this former Communist
stronghold in Central America. He
is not sure yet of his election,
however.
Ydigoras, a veteran conservative
and leader of the National Demo
cratic Reconciliation, has 89,743
with 151 of the 332 municipal dis
tricts of Guatemala counted. Cen
trist candidate Jose Luis Cruz Sa
lazar, supported by the Nationalist
Democratic Movement founded by
the late President Carlos Castillo
Armas, has 77,480 and Mario Men
dez Montenegro, of the leftist Re
volutionary Party, 77,077.
Os these totals, Ydigoras receiv
ed 40,209 in the capital, where he
is considered particularly strong.
Mendez Montenegro received 32,-
907 and Cruz Salazar only 13,072
in the capital.
The other two candidates, Col.
Jose Enrique Ardon Fernindez,
of the Liberal Nationalist Union
Party, and Col. Enrique Peralta
are virtually eliminated.
Political observers here believe
it probably will be necessary to
hold a run-off election between
the two leading candidates. It ap
pears unlikely that any of the
five contenders will receiver the
majority vote required for elec
tion under Guatemalan law.
Sunday’a voting was quite, and
the heavy military precautions tak
en by the government to prevent a
repetition of October’s disorders
proved needless.
Provisional President Guillermo
Flores Avendano, who took office
after the October election was an
nulled, said the quiet voting prov
ed that “democracy has taken
root” in Guatemala.
Mexico is Opposed to OAS Economic,
Political, Military Bonds With NATO
MEXICO (UP)— Mexico is op
posed to the creation of political,
economic, or military bonds be
tween the Organization of Ameri
can States, (OAS), and the North
Atlantic Treaty Organization, (NA
TO).
In an extensive press statement,
the Foreign Relations Minister,
Luis Padilla Nervo, says that there
is no objection to an exchange
of ideas and reports between the
two International organizations, in
order to establish closer and more
friendly relations between the Eu
ropean countries and those of the
Americas.
“But, he added, they cannot be
politically, economically, or milit
arally linked because OAS is main
ly occupied with general better
ment of the American countries
and with the solution, by peace
ful means, of the disputes which
can occur among its members, and
NATO is an essentially transitory
organization destined for Armed
Defense.”
He later said that he was com
pelled to make this statement
about the question in answer to
recent reports which suggested the
possibility of such a connection
between the two organizations.
At the same time he said; “Our
organization should continue as it
is, that is to say, a mode of In
ternational cooperation, an exam
ple of sisterhood between the re
publics, the epitomy of how prin-
Transcontinental is the first
private Argentine airline which
would break the state monopoly
on air transportation in Argentina.
CUBAN TERRORIST HURT AS
HIS OWN BOMB EXPLODES
HAVANA (UP) A young
terrorist was at the point of being
blown to bits when the bomb wnich
he placed in a desolote section in
Ved-ado suburb blew up before he
could escape.
The police identified the ter
rorist as Mario Cambras, 28, an ex
patient of a mental institution.
Pambras was seriously wounded
by bomb fragments.
The young terrorist tried to
escape the explosion but was
detained bl a policeman who took
him to an Emergency Hospital
where his condition as classified
as serious.
MEXICAN PROMOTIONS
MEXICO CITY (UP)— Presi
dent Adolfo Ruiz Cortines has
under study a list of 918 officers
of the Mexican armed forces re-
Dozens Killed, Injured as
Earthquake, Tidal Wave hit
Esmeraldas, Ecuador's Port
Britons to Sue
Panamanian Govt,
for Mistreatment
LIVERPOOL, England (UP)
Two Britons returned home from
Panama to press action against the
Panamanian Government because
of alleged mistreatment they suf
fered at a customs post in Puerto
Armuelles.
Twenty-two-year-old Don White
of London said after arriving here
aboard the liner “Reina del Pacifi
co,” that he was beaten up by a
Panamanian policeman and that
he and his friend Danny Havilland,
31, of Micthman, were imprison
ed by Panamanian officials.
They said that they intend to
seek lega.l advice in the hope of
receiving compensation from the
Panamanian Government.
The men said they met in Syd
ney Australia, and decided to tra
vel together. They entered Pana
ma via the Costa Rican border
town of Golfite. It was in Puerto
Armuelles that they ran into trou
ble.
“Everything seemed all right in
the Customs office, but suddenly
the Customs officer took excep
tion and. . .the policeman came in
from another room and started bat
tering White,” Havilland said.
“There was absolutely no justi
fication for the attack or the treat
ment and we intend to take up this
matter. Afterwards we shall con
tinue our globe trotting.”
ciples of equality, justice and re
coprocal respect can regulate rela
tions between the nations of the
world.”
PRADO ANSWERS
CRITICISM
LIMA (UP) — President Manuel
Prado answered the criticism from
some oppostion political sectors
about his plan to link the Organiza
tion of American States (OAS)
with the North Atlantic Treaty Or
ganization (NATO).
Prominent Latin Americans to Meet in
February to Discuss Regional Market
SANTIAGO, Chile A number
of prominent Latin Americans
from six countries will meet at the
headquarters of the United Nations
Economic Commission for Latin
America in February for several
days to discuss ways and means of
creating a Latin American region
al market. Specifically, the Group
will consider the general lines of
an over-all practical program re
lated to the projected regional
market and, on the basis both of
the studies prepared by the ECLA
secretariat and of their own know
ledge of the situation, will ex
amine the possibilities and pro
jections for such a market, define
commended by the Defense De
partment for promotion.
Officials said the promotions will
be probably approved without any
change. An announcement is ex
pected within the next few days.
NEW AIR SERVICE
MEXICO CITY (UP)— A nett
economical ‘tourist class” air ser
vice between Mexico City and Los
Angeles was inaugurated by Com
pania Mexicana de Aviacibn (C
MA, in another step to increase
U.S. tourist travel to Mexico.
The company will operate two
such flights daily, officials said.
One-way tickets will cost $79.
which is 20 per cent less than the
regular first-class fare.
3,500-YEAR OLD TOMB
IS FOUND IN PERU
LIMA, Peru (UP)— The Peruv
ian Government’s Archeological
Department reported the finding
of an Indian grave estimated to be
nearly 3,500 years old.
The find was made in Palpa
Valley, lea Department, in a height
known as Mollawue Hill.
The tomb had the form of a ter
City Badly Damaged in Second Such
Tragedy in So. America in a Week
Peruvians Still Working Hard, Trying
To Repair Water Service en Arequipa
GUAYAQUIL, Jan. 20 (UP)—
Earthquakes and tidal waves lash
ed the Ecuadorean coast yesterday,
causing at least 20 deaths and the
destruction of hundreds of homes
and other buildings.
This was the second great trage
dy in South America in less than a
week, since an earthquake killed 24
persons and left 1,500 homeless in
the Peruvian city of Arequipa a few
days ago.
In Ecuador, the worst damage
was caused in Esmeraldas, where
all the known deaths occured. Be
sides, four persons have been list
ed as missing, and 300 wounded.
Almost half of the buildings in
Esmeralda were destroyed by the
combination of the earthquakes
and tidal waves, and several ships
which were in port were torn to
pieces.
A 40 foot wall of water rushed
into Guayaquil and the near-by city
of Las Palmas, causing consider
able damage but no victims. A
hotel and several other buildings in
Las Palmas were destroyed.
DESTRUCTION ENORMOUS
AIR LINE PILOT SAYS
QUITO (UP) — Agustin Arias,
a commercial airline pilot who re
turned from Esmeraldas, said that
enormous destruction was caused
by the earthquake in that city and
neighboring towns and added that
the population was saved from a
worse catastrophy because the
homes were build of wood, and
due to the time the earthquake
occured.
According to Arias, almost all
of the brick walls have fallen.
The violence of the movement,
classified as 7.5 on the Internation
al scale, threw everything off ta
bles, desks, seats, etc.
Water pipe lines have been bro
ken and the city is without elec
tricity.
Arias said that the tidal wave
produced huge whilpools of water,
The government has requested
reports from the Galapagos Arehi
its characteristics and submit re
commendations to the Govern
ments through the secretariat on
basic principles and procedures for
its establishment. In this way,
ECLA will be entering upon the
phase of practical work in con
nexion with the Latin American
regional market.
The members of the Group were
appointed in a private capacity by
the ECLA secretariat in conformi
ty with the powers assigned to it
by the- Commission. Their names
are given below in alphabetical or
der:
Mr. Jose Garrido Torres, Presi
race in whose base a human body
was found. Besides it was a ceram
ic dish with figures engraved and
painted.
Several rocks found in the vicini
ty were engraved with human and
animal figures, including llamas,
felines, monkeys and birds.
In contrast with Indian mum
mies found in the favous Paraeas
burial grounds and in those of the
pre-Paracas Chavin culture, which
were usually wrapped in textile
fabrics, the newly-found body was
wrapped only in the leaves of the
pacae plant.
CASALS TO PREPARE
PRADES FESTIVAL
PERPIGNAN. France (U)
Spanish cellist Pablo Casals will
return to France in May to pre
pare for his Pradts Music Festival,
officials said today.
They said the concerts would be
gin July 3 and run through July
20. Casals who took part in the
j 1956 festival, was forced to cancel
: his appearance last year because
ihe suffered a heart attack at his
I home in Puerto Rico.
Member Inter American
Press Association
•
For Liberty, Culture and
Hemispheric Solidarity
NUMBER 167
pelago where is it estimated that
the earthquake also caused dam-
ages.
PERUVIAN CITY HAS
SHORTAGE OF WATER
AREQUIPA, Jan. 20 (UP)—ln
tensive work is being done to
completely re-establish drinking
water services which at the present
is only sufficient for a little more
than half of the population.
The situation in the southern,
eastern, and northwestern zones
which covers more than 80 thou
sand inhabitants continues to be
critical with regards to water since
new faults in the sector’s main
pipe lines have occured. The May
or, who presides the Aid to Are
quipa Mission, said that he would
ask the U. S. government for all
possible aid that it may wish to of
fer to the town lashed by the
earthquake to be used for financ
ing a new pipe line for drinking
water. It is estimated that the cost
of this work will reach about
9 million soles (approximately
$400,000 to $450,000.)
Meanwhile, a census is being
taken of the families and homes
affected by the earthquake, un
der the charge of the personnel of
the National Health and Social
Wellbeing Fund.
The first foreign aid to reach the
city of Misti was that of Argentina,
who sent four tons of medicines,
food, plasma, and clothing.
In charge of the shipment made
by President Aramburu was Dr.
Rodolfo Baltierrez, representative
of the Brazilian Ministry, who was
received by Prefect Abril de Vi
vero, the Major, the President of
the Peruvian Red Cross, and other
authorities of Arequipa.
The Venezuelan mission made a
stop over in the Limatambo Air
port, since it could not immediate
ly continue towards Arequipa due
to radio transmitter trouble. This
mission was presided by Command
er Jose Abel Omana, of Caracas,
who studied in the Peruvian Air
Force Academy in this capital.
dent of the National Economic
Council of Brazil
Mr. Rodrgio Gomez, Director of
the Banco de Mexico
Mr. Flavian Levine, Manager
of the Compania de Acero del Pa
cifico, Huach pato, and Professor
of the University of Chile
’Mr. Eustaquio Mendez Delfino,
President of the Bolsa de Comer
cio, Bueno Aires, and ex-Chair
man of the Argentine National
Honorary Commission of Economy
and Finance.
Mr. Galo Plaza, Ex President of
the Republic of Ecuador
Mr. Joaquin Vallejo, Ex Minist
er of Development, Colombia.
In view of the broad scope and
complexity of the subject, the forth
coming meeting of the Group will
be of a preliminary nature. Be
fore resuming final conclusions, it
is probable that it will have to
meet again several times in the
course of the year.
Intra-Latin American trade po
licy is still influenced by outmod
ed forms of development, accord
ing to which each country makes
its own separate way towards com
plementarity with the centers of
industrial production through the
traditional exchange of primary
commodities for manufactured
goods. The development of this
type of trade, far from being in
consistent with the industrializa
tion of Latin America, is one of
the most effective methods of ac
hieving it, but the process of in
dustrialization in these countries
is being carried in watertight com
parments, and there is little in
tra-regional trade in manufactur
ed products. While industries were
still producing goods usually
current consumer goods —for
which the local markets were big
enough for the establishment of
sufficiently large enterprises, the
industrial isolation of each coun
try was not a matter of great con
cern. Now, however, that the pro
cess ,in response to the demands
of development, includes goods
that can only be produced eco
nomically on a large scale which
would overload domestic markets,
it becomes necessary W intensify
intra-regional trade.