ARGENTINA: No Plaques

Despite pep talks to labor, Argentine factory production is down 40%. Despite import curbs, gold and exchange resources are dropping at the rate of about $2,000,000 a day. Shortages multiply in such essentials as oil. Last week, in his own way, President Perón explained what all this meant to his Five-Year Plan: Said he: “Other governments . . . when they initiated a project calculated whether they could finish it in four or five years’ time so that upon completion they could install plaques with the names of the President and his ministers. … I have projected a Five-Year Plan which will continue possibly for ten or 15 years, and I have done it preconceivedly, because I have no interest in installing any plaques, but I have to leave it to my successor and he will have no other choice but to continue it.”