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Document Creation Date: 
December 22, 2016
Document Release Date: 
February 7, 2012
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Publication Date: 
March 1, 1983
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Declassified in Part - Sanitized Copy Approved for Release 2012/02/08: CIA-RDP90-00965R000402830019-8 STAT ARTICLE APPEARED .ON PAGE)4 THE ATLANTIC MARCH 1983 LETTERS TO THE EDITOR KISSINGER, NIXON, AND CHILE have read with much interest Sey- Imour M. Hersh's article "The Price of .Power. Kissinger, Nixon, and Chile," in your December issue, and wonder if I might recall the following episode in the drama of Salvador Allende: At the beginning of December, 1972, President Allende came to New York to appeal, at the United Nations, against what Mr. Hersh, citing the CIA's own words, describes as the United States' "firm and continuing policy that Allende be overthrown." Following Allende's ad- dress on this theme to the UN General Assembly, a lengthy editorial entitled "What Allende Left Out" appeared in The New York Times of December 9, 1972, censuring Allende's charges as ir- responsible and willfully ill-founded. In that editorial, the loss of monetary cred- it to Chile from American and interna- tional agencies was attributed merely to the premise "that the Allende govern- ment is not a good lending risk"; Allende. was rebuked for "tarnishing all Ameri- can firms for the bad deportment of a few," and for "painting official Washing- ton's role in colors too conspiratorial"; and Allende's claim to a popular follow- ing in his own country was scathingly disparaged. Criticizing Washington for nothing more than having "acted clumsi- ly" toward Chile, the editorial went on to edge or political ideologies had already become convinced, from pressure of facts, that it was indeed official United States policy "that Allende be over- thrown." A decade has passed; and per- haps Mr. Hersh-who was then at The New York Times-can now tell us the source and context of this misguided and influential editorial. SH LEY HAZZARD New York, N.Y. T hank you for bringing us Seymour Hersh's account of Nixon and Kis- singer's role in plotting to overthrow Salvador Allende. Hersh, though, fails to mention that private U.S. banks had a hand in the economic warfare waged against Chile in the aftermath of Al- lende's election. Although they had formerly granted Chile about $220 million a year in vital short-term loans, after Allende's elec- tion, U.S. banks limited their commit- ments to about $35 million in 1971 and $32 million in 1972. But within eighteen months of the bloody coup that overthrew .Allende, U.S. banks flocked to Chile, offering much-needed loans. By 1978, more than 90 percent of the debt of the right-wing military regime in Chile was being cov- ered by loans from U.S. banks, led by Citibank, Bankers Trust, Morgan Guar- anty, Wells Fargo, Chemical Bank, and First Chicago. U.S. banks, involved in bringing about economic conditions that made Chile ripe for a military coup, have continued to finance a totalitarian re- gime-one that, most likely, could not continue existing without the support of the U.S. banking community. DAVID CORN New York, N.Y. singer's memoirs, The White House Years, makes plain his negative view of the Allende regime. Hersh's article damns Kissinger's morality and, implic- itly, his ideology, but fails to state plainly and fairly that Kissinger a) had no role in the efforts to prevent Allende's assump- tion of the Chilean presidency, and b) even opposed the schemes.proposed by CIA officials. Rationalization aside, pre- sumptions of motivations aside, the Hersh piece does not change our knowl- edge of this historical record one whit. i IRVING L. Hoxowrrz New Brunswick, N.J. make the following assertion: In recounting I.T.T.'s misadven- tures, Dr. Allende failed to tell his United Nations audience that the Nixon administration wisely ig- nored I.T.T.'s appeal for CIA and other government help for a 1971 scheme designed to make sure that the Allende government "does not get through the crucial next six months." Similarly vital omissions are evident in Dr. Allende's account of Chile's difficulties with the Ken- necott and Anaconda Copper com- panies. T he article by Seymour M. Hersh promises an expose it simply fails to deliver. To be sure, Hersh demonstrates that Kissinger, at least, opposed any ef- fort to overthrow the election of Salva- Allende's accusations on that occasion dor Allende in 1970, and did so precisely were in fact mild in comparison with the because he properly understood the lim- evidence brought forward in Mr. Hersh's its of power. Hersh is disturbed by Kis- article. singer's lack of moral enthusiasm for Al- When the Times editorial appeared, lende, rather than by any active political Declassified in Part - Sanitized Copy Approved for Release 2012/02/08: CIA-RDP90-00965R000402830019-8