Word: barcelona
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Dates: during 1950-1959
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Gaudi's largest and most fantastic work is Barcelona's awesome stone, iron and cement Church of the Holy Family. He spent 40 years on its honeycombed towers and the weird, grotto-like encrustations of its walls, but it was still unfinished when he died...
...thundering 21-gun salute from an unseen man-o'-war rumbled in the fog off Barcelona harbor. Ancient Spanish cannon in the fort protecting the harbor bellowed their reply. Out of the mist loomed two U.S. cruisers and three destroyers. It was the U.S. Sixth Fleet's first operational visit in Franco's day, to Spain's well-sheltered Mediterranean ports. All told, 30 U.S. warships, including the 45,000-ton aircraft carrier Franklin D. Roosevelt, the carrier Tarawa (27,100 tons) and three heavy cruisers, steamed into eight Spanish ports last week...
Both sides made pretty speeches. In Majorca, Rear Admiral William S. Parsons announced: "The two most anti-Communist nations in Europe today are Turkey and Spain." Said pudgy Mayor Antonio Simarro of Barcelona, with a beaming smile: "We are looking forward to our future alliance...
...after Barcelona Traction had been charged with "irregularities," such as smuggling out capital in violation of the freeze, March struck the death blow, got Franco's courts to declare Barcelona bankrupt. Since Heineman's group held all of Barcelona's common shares in Canada, the court ordered "duplicate" shares printed in Spain. Last week's court formality at Reus was to auction off these counterfeit shares to the highest bidder. The only bidder turned out to be Juan March's lawyer, who bought control of the big utility for 10 million pesetas...
...buyer had to pledge to pay off ?11 million sterling in delinquent interest to Barcelona's bondholders. To Buyer March that will be a pleasure, since he owns all the bonds and thus will pay ?11 million to himself out of Barcelona's fat profits. Spain's Dictator Franco, who would like to get U.S. venture capital to back projects in Spain, has hailed March's capture of Barcelona Traction as "audacious nationalism." It was so audacious it would probably scare U.S. risk capital away from Spain for a long time to come...