Evening star., 1943-03-22
MachoId Will Direct
New Inter-American
Development Unit
Commission to Cooperate
With Businessmen in
20 Latin Republics
Bv HAROLD B. ROGERS.

BY HAROLD b. hOOERS.
William F. Machold of PennSyl-
vania today took Office as managing
director of the new United States
Commission of Inter- American De-
velopment, an organization of busi-
neSSmen designed to cooperate with
similar bodies in the 20 other
American republics in stimulating
postwar trade.
Appointment of Mr.. Machold was
announced yesterday by Eric A.
Johnston, chairman of the COM
mission, following a two-hour con-
ference with President Roosevelt at
the White House, during which he
had outlined to the Chief Executive
prospects for "freer" trade among
the Americas.
Mr.. Johnston, president of the
Chamber of Commerce of the United
States, said in an interview after
ward that he had told MI Roose-
welt there were great potentlalities in
South America which could be de-
velOped best through the co-opera-
ton Of private enterprise in all the
Americas.
Recent Flying Visit.
Mr.. Johnston returned last week
from a flying trip to seven coun-
tries, where he conferred with polit-
ical, business, church and labor lead
erS to gain information as how best
to implement the aims and purposes
of the new organization. He said
he took a message from President
Castillo Of Argentina to President
Roosevelt, but did not disclose its
contents.
The Inter- American Commission,
he explained, is setting up tempo
rary Offices in the Chamber of Com
merce Building. The staff, to be
named soon, will be small for the
present, as most of the extensive
work remains to be done after the
war. Due to war restrictions on
shipping and manufacture, activi-
ties Of the commission necessarily
will be of a preliminary nature. The
United States commission and the
20 Latin American commissions of
native businessmen will cooperate
under the Inter- American Develop
ment Commission established some
time ago by Nelson Rockefeller, CO.
ordinator of ter-American affairs.
and Sumner WelleS, UnderSecretary
of State. The international body
now has its Offices in the Commerce
Building, with the Office of co-ordi-
nator of inter- American affairs.
Mr.. Machold, native of Phila-
delphia, is graduate of Yale Uni
verslty, and was in banking at
Philadelphia before coming to
Washington to be associated with
Nelson Rockefeller. He is 3S years
Of age. He accompanied Mr.. Johns
ton on the South American trip.
Tells President of Trip.
Mr., Johnston said the President
apparently was much interested in
the program. He told the President,
Mr.. Johnston said, that he found
In South America strong desire
for private enterprise participated
in by the republics own people.
Mr.. Johnston said studies will be
made Of what materials the United
States can both export and import
to provide added employment in
all the Americas. Such interchange
of trade on freer basis, he said,
should raise standards of living.
Studies also will be made of trade
barriers, Mr.. Johnston added, ex-
planning, however, he favored a
tariff to protect United States in
dustry. Facilities should be provided
to make it easier for travellers. he
continued, predicting that after the
war air travel would make possible
a much greater flow of tourist inter-
change
There is in South America a
tremendous opportunity for growth
and expansion" he said.
Summarizing the program. Mr.
Johnston said. South America will
get capital, business MANAGEMENT
genius and technical help. The
United States will get returns on
investment, sell machinery and
equipment to provide employment
for men here making things that
South America will buy"
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