FOREIGN AID FIRST AID

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP70-00058R000200120035-8
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 9, 2016
• Document Release Date: January 26, 2001
• Sequence Number: 35
• Content Type: MAGAZINE

wItt( 611-MM
ADwiINISTRATOR IIAMILTON
Target's for help.
the First Boston Corp., one of the
nation's l:trge,t investn;ent banking firms,
he was anathema to several liberal Denm-
erati( Senators: it was first Boston that
had irranvrd the ftnaneing for the abor-
tn?e 11is1.n-1'.,tr' contract in ig.51. When
tho-e ~-nators threatened to fight
Woods's nociination, his name was
`; dropped tnd Flalnilton's substituted:
Wise & Long-Range. In his n w job,
Hamilton sill inherit an agency w'lt.ha
lineage going back ?o years to the old
ii Lend-Lease Administration. In its newest
form. All) will replace the International
Cooperation Administration and the De-
velopment Loan Fund, with responsibility
for most foreign-aid functions. Hamilton
will have close to 14 billion to distr'ib'ute
iC3PYRGHT
!-~F~y,"elease 20011
FOREIGN AID
First AID
A couple of weeks ago, Administration
insiders leaked the news that fowler
Ilaniilton, an international lawyer and an
old Government hand, would-soon be ap-
pointed director of the U.S. Central In-
telligence Agency, succeeding Allen I)ul-
les. later, the word came that Wall Street
Hanker George Woods. would soon be
named head of the new Agency for Inter-
national Development. But under the
New Frontier, such predictions are often
unsafe until the actual swearing-in cere-
monies. When President Kennedy last
week announced the appointment of
l: owler Ilamiltop, it was not to the CIA
it to the AID jot,.
fn fact, the President had seriously
considered Hamilton Rit CIA. But Kc,.-
nedy wanted a long-term intelligence
,Fuel, and Hamilton, a man of n,ae-.
altairs, was reluctant to snake a ,arcer our
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turt; Fl"s City #atay "taue
Fntcl t :service, to ?t# g&li~; aI .
silt ; y y nt,,'to:Attorney E m~sa H,
rile = ' Du ing World Watr`Il
tiia~ects- German `ecoinomic to ge
foi irtlt'it d and sabotage, as!chie o .,
1 T1Warfare Division of they
etrnh y its I o don+. f . _
Fluetnt Heiavyweighi`. After* the'"via
Hamilton became chief legal consul
of the Justice' Department, later retu
to private practice (mainly into rnati
law) :ln Manhattan, where he now lived,;
A confirmed 'Democrat who -gets along
well with Republicans, he :backed Stu
Symington for President, helped write a
report on the Defense Department for John Kennedy immediately -after the
election.
An inveterate globe-trotter, Hamilton
has firsthand knowledge of man' of the
countries he will deal with. He Fs-a dark-
browed heavyweight (r95 lbs.), an ag
gressive administrator and a fluent con
versationaaiat who is brtitqucly intolerarR .~
of small talk. "I think I have a very good
understanding-of foreign problems," he
trpytq; "and -1 wvelcotne this opportunity.':..,
2 : CIA-RDP70-000
0200120035-8