Word: alfonso
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Wires were pulled insistently. As a gesture to show how little stock he took in Republican uprisings, King Alfonso issued a decree restoring constitutional guarantees in Spain...
...John Pierpont Morgan was in Paris, on his way to a boating trip in the Mediterranean with his good friend the Archbishop of Canterbury. A Morgan Partner who had been in Madrid hurried to the meeting; so did Gates W. McGarrah, president of the Bank for International Settlements. King Alfonso went to Paris too, officially to break his journey to Madrid. Three days later came the announcement: an international credit of $60,000,000 for the Spanish Government had been established. J. P. Morgan & Co. and associates (Chase National Bank; Bankers Trust Co.; National City Bank; Guaranty Trust Co.; Kuhn...
Republican Rage. Whether the Morgan Loan is enough to stabilize the peseta permanently or not, it was an unmistakable sign that sober foreign financiers believe in the permanency of King Alfonso's throne enough to lend...
Spanish Republicans raged. A Professor Felipe Sanchez Roman, Republican, filed suit in the Supreme Court last week, attacking the Morgan Loan as "unconstitutional" because it had not been approved by the Spanish Parliament. Spain has had no Parliament for seven and a half years. On Monday King Alfonso slipped out of the city to his hunting preserve, the Pardo, to discuss with leaders of the Constitutional Party their demand that he withdraw from the scene while a national convention meet to decide whether Spain shall continue as a monarchy or become a republic...
...Alfonso doesn't want students to shout against him. Very well, this can be remedied easily, he can leave Spain. The Spanish monarchy since Charles V has been bathed in blood...