The Waterbury Democrat., 1940-10-12

His grandfather and his fath- er's oil companies had been down in Latin America battling the Mexican government, and the Bolivian and Colombian govern ments. So, the State Department argued, young Rockefeller would begin his job with two strikes against him.
 The White House, concerned over these arguments, held up the Rockefeller appointment for ap- proximately three months; finally bowed to the persuasive influence of Harry Hopkins and appointed the young millionaire anyway. Since then two things have hap pened:
 l. The State Department has gone its own polite and dignified way, ignoring whenever possible the existence of anyone named Rockefeller.
 2. The refreshing MT. Rockefel- Ter seems to have justified all that Harry Hopkins ever said about him by unobtrusively but energetically making good. In the short time he has been func- tioning under the long -winded title of "Coordinator of Com mercial and Cultural Rela tions be- tween the American Republics" he has really breathed new life into one of the most important fields of American foreign affairs. RADIO CITY EXECUTIVE
 To get the complete picture, you have to know a bit more about MT. Rockefeller. The woods are full of Rockefellers. This par ticular one is 32 years old, the second son of John D., Jr. He has five children, including twins, and sometimes is described as the Rockefeller who has taken most interest in Radio City (Rockefel- Ter Center), of which ne is di- rector, and also helped to build up the Museum of Modern Art.
 But in Latin America, young
 Rockefeller had carved out a unique distinction even before
 he accepted his present post on the Defense Commission. He
 had gone down to Venezuela in connection with his famiiy's oil companies, and had become impressed with the idea that American business in Latin America had to be more than a leech industry had to do more than drill wells and such oil out of the ground.
 Furthermore, and particularly in Venezuela, he saw that after that country had exhausted the one commodity upon which it had been so dependent, economic chaos would follow together with the same policy applied in Mex ico-expropriation.
 JOINED WITH LOCAL MONEY
 So young Rockefeller began working on the idea of diversity ing Venezuela's industry and di- versifying them on a partnership basis. In other words, instead of merely bringing more American capital to Venezuela, he set up a company in which local money joined with him in building ho- tel in Caracas to be operated joint ly. by American and Venezuelan directors.
 This is one of Rockefeller's ob- jectiyes as coordina;or of Latin American affairs on the defense council - namely, to set up cor- porations in which Latin American capital will mix with American money, in contrast to the old practice of Yankee exploitation with Yankee dollars.
 "TheFe Is no point" says Roosevelt, "in trying tO tug the Lallns to our side in Q tug Of war with the Germans. What VIC want tO do is help them in developing economic indepens denee. They have fought for economic independence before end they can do it again. In that fight, we are with then."
 This Is c point on which State Department and MF. Rockefeller zee eye to eye. Actually, the State Department, undor the farssighted uo0d Noighbor policy devised by Summer Welles, already had joined c. \, and DraElllafl eapls lai io build . new steel mil In' Brasil,
 ROOkRFELLEn AIDES
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