United States International Investment and Economic Development Policy 1

1. For previous documentation, see Foreign Relations, 1952–1954, vol. I, Part 1, pp. 227 ff.


130. Memorandum From Henry C. Wallich to the President’s Special Consultant (Randall)

Source: Department of State, E Files: Lot 60 D 136, Papers from Mr. Waugh. Wallich was Professor of Economics at Yale University and a foreign policy consultant to President Eisenhower.


131. Memorandum From the Deputy Assistant Secretary of State for Near Eastern, South Asian, and African Affairs (Jernegan) to the Deputy Assistant Secretary of State for Economic Affairs (Kalijarvi)

Source: Department of State, Central Files, 811.05100/4–1455. Limited Official Use. Drafted by J. Robert Fluker of the Office of South Asian Affairs.


132. United States Position Paper on the Special United Nations Fund for Economic Development

Source: Department of State, NAC Files: Lot 60 D 137, NAC Staff Documents. Official Use Only. Approved by the Staff Committee of the National Advisory Council on International Monetary and Financial Problems (NAC), June 22, for the use of the U.S. Delegation to the 20th session of the Economic and Social Council, scheduled to convene in July 1955.


133. United States Position Paper on the International Finance Corporation

Source: Department of State, NAC Files: Lot 60 D 137, NAC Staff Documents. Official Use Only. Approved by the Staff Committee of the National Advisory Council on International Monetary and Financial Problems, June 22, for the use of the U.S. delegation to the 20th session of the Economic and Social Council. An attachment is not printed.


134. Letter From the Representative at the United Nations (Lodge) to the Secretary of the Treasury (Humphrey)

Source: Department of State, Central Files, 398.051/12–755.


136. Letter From the Representative at the United Nations (Lodge) to the Secretary of the Treasury (Humphrey)

Source: Department of State, E Files: Lot 60 D 68, International Development Fund, 1950–1957, W.J. Stibravy. A note on the source text indicates the letter was signed and mailed on December 16.


137. Memorandum From the Secretary of the Council on Foreign Economic Policy (Cullen) to the Members of the Council

Source: Department of State, ECFEP Files: Lot 61 D 282A, Investment in Underdeveloped Countries—CFEP 511. Official Use Only.


138. Current Economic Developments

Source: Department of State, Current Economic Developments: Lot 70 D 467. Official Use Only. Regarding Current Economic Developments, see Document 25.


139. Letter From the Secretary of the Treasury (Humphrey) to the Secretary of State

Source: Department of State, Central Files, 398.051/1–2656.


140. Telegram From the Mission at the United Nations to the Department of State

Source: Department of State, Central Files, 340.31/2–256. Confidential; Priority.


142. Letter From the Representative at the United Nations (Lodge) to the Secretary of the Treasury (Humphrey)

Source: Department of State, E Files: Lot 60 D 68, International Development Fund, 1950–1957, W.J. Stibravy.


143. Memorandum From the Assistant Secretary of State for International Organization Affairs (Wilcox) to the Counselor of the Department of State (MacArthur)

Source: Department of State, Central Files, 398.051/3–3056. Confidential.


144. Letter From the Secretary of State to the Secretary of the Treasury (Humphrey)

Source: Department of State, Central Files, 398.051/3–556. Drafted by Phillips.


145. Telegram From the Mission at the United Nations to the Department of State

Source: Department of State, Central Files, 800.00/4–2556. Confidential; Priority.


146. Statement by the Representative at the United Nations (Lodge)

Source: Eisenhower Library, CFEP Chairman Records. This statement was made in response to a correspondent’s request for Lodge’s views on the relative merits of multilateral vs. bilateral assistance.


147. Letter From the Secretary of the Treasury (Humphrey) to the President

Source: Eisenhower Library, CFEP Chairman Records. Drafted by Humphrey and Burgess. Copies were sent to Dulles, Hoover, and Hollister.


148. Letter From the Representative at the United Nations (Lodge) to the President

Source: Eisenhower Library, Whitman File, Administration Series. Secret.


150. Letter From the Assistant Secretary of State for International Organization Affairs (Wilcox) to the Director of the International Cooperation Administration (Hollister)

Source: Washington National Records Center, ICA Director’s Files: FRC 61 A 32, Box 308, Foreign Policy.


151. Current Economic Developments

Source: Department of State, Current Economic Developments: Lot 70 D 467. Official Use Only.


152. Summary of Discussion Between the President’s Citizen Advisers on the Mutual Security Program and the Representative at the United Nations (Lodge), November 30, 1956

Source: Eisenhower Library, Fairless Committee Records, 1956–1957, Summaries of Testimony and Briefings. Confidential. No drafting information is given on the source text.

The members of the committee were as follows: Benjamin F. Fairless (chairman), former President and Chairman of the Board of U.S. Steel Corp.; Colgate W. Darden, Jr., President of the University of Virginia; Richard R. Deupree, Chairman of the Board of Proctor and Gamble Co.; John L. Lewis, President of the United Mine Workers of America; Whitelaw Reid, Chairman of the Board of the New York Herald Tribune; Walter Bedell Smith, former Director of Central Intelligence and Under Secretary of State, currently Vice Chairman of the American Machine and Foundry Co.; and Jesse W. Tapp, Vice Chairman of the Board of the Bank of America. The committee staff included the following: Howard J. Mullin, Executive Director; Donald B. Woodward, Staff Director; Jack F. Bennett, Staff Economist; Commander Means Johnston, Jr., Military Adviser; and Edward B. Hall, Consultant.


153. Letter From the Representative at the United Nations (Lodge) to the Secretary of State

Source: Department of State, Central Files, 340/12–456. Confidential.


154. Summary of Discussion Between the President’s Citizen Advisers on the Mutual Security Program and the Assistant Secretary of State for International Organization Affairs (Wilcox), December 14, 1956

Source: Eisenhower Library, Fairless Committee Records, 1956–1957, Summaries of Testimony and Briefings. Confidential. No drafting information is given on the source text. A list of the members of the Fairless Committee is in footnote 1, Document 152.


155. Letter From Paul G. Hoffman to the President

Source: Department of State, Central Files, 398.051/12–1956.


156. Minutes of a Meeting, Department of State, Washington, January 3, 1957, 3–4:45 p.m.

Source: Department of State, Central Files, 398.051/1–357. Confidential. Prepared by Wilcox.


157. Letter From the Representative at the United Nations (Lodge) to the Secretary of State

Source: Department of State, Central Files, 340/1–857.


158. Memorandum From the Secretary of State to the President

Source: Department of State, Central Files, 398.051/12–1956. Drafted by Robert Murphy.