Word: banco
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Barcelona Water Works to get up fighting pressure. By that time El Siglo was a $4,000,000 bonfire, belching hundreds of feet in air, impossible to extinguish. When firemen were finally able to fight, the best they could do was wet down nearby buildings including El Banco Hispano Colonial from which cash, securities and gold had been hastily removed...
Socialist Finance. To organize Don Carlos' promised Three Companies and put all Chile's unemployed to work will certainly take time. But a few hours sufficed the Davila Government to take over the Banco Central, organized as the sole Chilean bank of issue after Princeton Professor Edwin Walter Kemmerer, famed "Currency Doctor" was called to Santiago. Last week the Banco Central was rechristened Banco del Estado and Finance Minister Don Alfredo La Garrigue spoke of inflating the Chilean currency by 200,000,000 pesos "which would be gradually withdrawn." Next he got down to the serious business...
...Rolando Merino. General Puga arose from his sick bed. Senor Davila's mild methods of socialization, it was said, were the cause of his fall, but the Junta announced its regime would receive his support. Only new indication of policy was that the Government would delay converting the Banco Central into a State institution. It was reported that Aurelio Munez Morgado, strongly antagonistic to "Co-sach," would supervise Chile's nitrate industry. But Chile's Government late last week was still nebulous. Only undisputed leader was Colonel Marmaduke Grove...
President Baquerizo Moreno ground his teeth and issued a decree: Ecuador was off the gold standard. The president of the Banco Central immediately resigned in protest...
Died. Enrique C. Creel, 77, former Mexican Minister of Foreign Relations and Ambassador to the U.S.; of a lingering illness; in Mexico City. Son of a Kentuckian, at 17 he borrowed $300 to start a mercantile business, later established Banco Minero in Chihuahua, lost $7,000,000, the greater part of his fortune, in the Carranza revolution...