English subtitles for clip: File:Suez nationalization.ogv

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From Alexandria, Egypt, Movietone News brings you the latest incident to upset

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the chancelories of the free world: President Nasser delivering his fiery speech

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telling of his nationalization of the Suez Canal. A seizure from private interest

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that the Egyptian says is his answer to the West for refusing to finance the

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Aswan Dam. It's a situation fraught with implications. But undeterred,

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President Nasser raises his country's flag to symbolize his action.

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And although his followers hail him and carry him triumphantly on their shoulders,

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in London, Paris and Washington the fate of the strategic waterway causes

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grave concern.

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A lifeline between the East and West, the free world does not want it dependent

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on the Egyptian government, which sends U.S. Undersecretary of State Murphy to London,

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where he is interviewed on the crisis by British press men.

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Journalist #1: Have you brought any plan with you for action against Egypt?

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Murphy: Uh, I can only say that we are going to engage in these conversations with

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our friends here and explore the matter. We haven't got to the point as yet

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of specific proposals.

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Journalist #2: What do you think of the idea of using force to protect Western

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projects in the Middle East?

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Murphy: Really no comment on that at this stage.

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Journalist #1: Does your Goverment now regret the decision not to help finance the Aswan Dam?

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Murphy: We have no regrets, no!

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Arriving in the Egyptian capital from Alexandria where he proclaimed his seizure

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of the Suez Canal Company, President Nasser finds Cairo's population in a

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veritable nationalistic frenzy. An acclaiming multitude which escorts him like a hero

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to the presidential palace, where he delivers another fiery speech in answer to

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opposition to his provocative action.

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Action which brings U.S. Secretary of State Dulles flying to London,

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where the English wait in the rain to see another momentous conference get under way

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at 10 Downing Street.

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It's a three-power meeting with France the third party and the talks tend to

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favor international rule for the canal, with a bid to Russia to take a part.

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In Cairo, President Nasser's top aide, wing commander Ali Sabri explains

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Egypt's challenge to the West by its seizure of the Suez Canal, but pays no heed

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to protests as his country drafts plans for a general mobilization—

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a threatening gesture that sees French, British and U.S. forces in the Mediterranean

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spring to activity as here at Toulon, the great French naval base where a fleet

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has gotten ready to steam Suez-ward.

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While in England naval reservists converge on Plymouth to man three aircraft carriers

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that Britain is dispatching to the troubled waterway. A precautionary measure in

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the event of Egypt's refusal to attend the 24-nation meeting called

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to internationalize the seized canal.

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Regiments of paratroopers too are on the move as here at Portsmouth, for each of

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the three British flattops sailing to the Mediterranean will be loaded with

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these most modern of fighting units—as the West, challenged again, faces the facts.