Word: bolivian
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Dates: during 1950-1959
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...three months ago the Bolivian government, keenly aware that the U.S. (the world's biggest tin consumer) would refuse to buy Bolivia's tin unless some fair plan was worked out to repay the stockholders, announced an agreement insuring compensastion. On sales of tin at prices between $1.06 and $1.21½ a Ib., 5% of revenues will go toward compensation claims; between 90? and $1.05. Bolivia will set aside 2½%, between 80? and 89?, 1%, and below 80?, nothing. Even at that, it will take investors a long time to get their money. Current New York price...
...land reform may prove harder to bring off than his nationalization of Bolivian tin (TIME, Nov. 10). Aside from the danger of violence between landlords and peasants, there is an admitted risk that the Indians, once they own land, will grow just enough for their needs, leaving Bolivia (which spends 35% of its national income for imported food) hungrier than ever. Said Paz Estenssoro to the Indians at Ucareña: "Now that the land is yours, I ask you to carry out your part by growing more." Donning a native cap himself, he then sprinkled some drops of chicha...
...Protestantism, and their aim is to go where other missionaries have not gone before them. Founded in 1942 by Paul W. Fleming, a onetime missionary to Malaya, the New Tribes Mission has already suffered more than its share of dramatic accidents: five of its missionaries were killed by Bolivian savages in 1943; in June 1950, a New Tribes plane crashed in Venezuela killing 15 missionaries and their children, and five months later another New Tribes plane crashed in Wyoming killing 21 missionaries and their families, including Founder Fleming...
Wisdom of Savages. Colonel Percy Fawcett first came to South America as a surveyor for the Bolivian government. Even then, at age 39, he was a stern, solitary man with childlike eyes and a mystical longing for primitive things. He found them: crocodiles everywhere, spiders that can catch birds, anacondas more than 60 ft. long that wail disturbingly in the jungle night, bloodsucking cockroaches, 2-in. biting ants, hordes of vampire bats, rivers full of stingrays, electric eels and shoals of tiny, man-eating piranha...
Considering the somber economic picture before him, these were brave words from the President. Though tin has been nationalized, the tin companies have not been compensated. Until U.S. shareholders are satisfactorily reimbursed, the U.S. is unwilling to sign a long-term contract for tin. The Bolivian economy, lopsidedly dependent on tin income, is near collapse. Unable to get permits to import raw materials, the textile industry has sharply curtailed production. Foodstuffs, normally imported, including wheat, meat, rice and sugar, are in critically short supply. Teachers are pressing for cost-of-living pay increases. The government has had to print more...