Word: alessandri
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Dates: during 1930-1939
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President Alessandri of Chile last week decreed the liquidation of Cosach, the Chilean nitrate monopoly. Organized to enable the big producers of natural nitrates to pool their interests in the battle against synthetic nitrates and to give the Government a strong voice in exploitation of Chilean reserves, Cosach has been crippled by Depression. Two representatives of the Government and one of the Guggenheim Brothers will direct the liquidation...
Compact, dynamic, blue-eyed "Lion" Arturo Alessandri, president in 1920-25, owes his nickname to his rich, deep voice, his leonine platform personality. Not a buccaneering South American dictator, he has just been constitutionally elected (TIME, Nov. 7). Also he wrote most of the Constitution, adopted in 1925 and since then trampled on by Chilean dictators galore. The inauguration of President Alessandri last week meant a return from Chilean chaos (which produced ten Chilean regimes in the past 18 months) to normal, civilian rule. But after such upheavals even a "normal" president must make concessions to the mob, especially since...
Putting the concession which he deems indispensable into one crisp sentence, President Alessandri said soon after his election: "Foreign companies in Chile which worked full time when returns were good must understand that they cannot consider discharging their Chilean employees now that times are bad!" Last week Chile's "Lion" made clear that this ultimatum stands. From a practical standpoint it has dominated for the past few months relations between such super-corporations as the Guggenheim nitrate colossus Cosach and the Chilean Government. Speaking off the record, Cosach President Whelpley is understood to have said recently: "If it were...
Thus far relations between "Lion" Alessandri and such grumbling but resigned U. S. corporations as Cosach have been notably smoothed by U. S. Ambassador William Smith Culbertson who lately flew from Santiago to Washington to give the State Department pointers on the incoming Chilean regime. In Santiago, to which Mr. Culbertson will soon fly back, U. S. residents give him credit for establishing in three parts of the Capital strategic bases stocked with food and other useful things to which members of the U. S. colony could have fled and taken refuge had the series of Chilean revolutions grown...
Gossip of the week in Santiago concerned shrewd, rich Gustavo Ross, picked by President Alessandri to be Finance Minister in the new regime. Reputed to have been a "bear" speculator when the Chilean peso was falling. Don Gustavo is in bad odor. He owes his Finance Ministry, say scandal mongering Santiagans, to a strategic investment made eight years ago when enemies of the "Lion of Tarapaca" chased Senor Alessandri out of Chile and left him with exactly...