Let me read you excerpts from Hal Boyles syndicated column of January 24. 1955. titled "Venezuela Seen As the Texas of South America": "So much money is being made here (Venezuela) that visiting Texans actually get an inferiority complex and the United States dollar feels like 50 cents. * * * The visitor has a dazed sensation he is caught in a midcentury Klondike gold rush. The atmosphere of quick money is overwhelming. and tales of riches made overnight are a bolivar a dozen. * * * Venezuela is bigger than Texas and Oklahoma combined and larger than any European country except Germany. * * * Its chief income is from oilno land except the United States produces more. * * * "Although the nation has a population of only 52 million. the Government spent half i billion dollars in 1954 on vast publicworks projects and still ended up with $80 million left in the till. * * * Foreign investors from the United States and Europe are pouring untold millions into the industrialization of the country. It has taken in more than 100.000 immigrants from Europe the last 10 years. * * * "Caracas. the 388yearold capital. is now one of the worlds greatest boom cities. Fifty years ago milkmen herded cows through its ancient streets. Today they are jammed by thousands of new highpriced motorcars. * * * INearly a million people live in the metropolitan area. and so many new buildings are going up construction workers have no time to even take Sundays off to go to the bullfights. "But the city has abysmal poverty as well as tremendous wealth.
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immigrants