Word: bolivian
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...reward of one million bolivianos ($23,000), but no news came of his whereabouts. One theory: Hochschild was murdered or kidnapped by friends of Labor Leader José Antonio Arze, his longtime enemy and short-time political ally, who was shot and nearly killed a few weeks ago. Another: Bolivian nationalists, who hate the big tin interests, resented the Government's letting Hochschild out of jail (for connection with an attempted revolution), and giving him permission to leave the country...
...last week let super-rich Mauricio Hochschild out of jail and prepared to deport him. Jailed for counter-revolutionary plotting, the tin tycoon had escaped worse punishment by promising to keep out of Bolivia and her politics. Tricky Don Mauricio had always managed to keep a potent hand in Bolivian affairs (TIME, May 8). But President Gualberto Villarroel's regime evidently felt strong enough to deal with him in one way or another...
Political Magnate. Soon after he started his Bolivian career, Don Mauricio began to dabble in politics. His object, shared with the rest of the tin trinity: to keep a "sympathetic" government, which would hold miners' wages and standards of living to the lowest possible level. German Busch, the last President who tried to buck Hochschild & friends, slapped him in jail, would have shot him except for powerful intervention reportedly by the U.S. and Argentina. (Hochschild has a convenient Argentine citizenship.) Soon afterward, Busch died (official explanation: suicide...
...worst of being exiled. He had many potent Argentine and U.S. friends. His foresighted charities had won him the support of many groups, including Jewish refugees. Benjamin Cohen, Chilean Ambassador to Bolivia, interceded for him. Even behind bars, Don Mauricio was still a power-center of Bolivian politics...
Company Town. Bolivians call their country a company town. Tin mining supplies 70-90% of Bolivian economy. The 65,000 ragged, sickly miners average about 60? a day, live on the edge of starvation. In December 1943, a revolt of social-minded intellectuals allied with young Army officers attacked tin-company control by driving President Enrique Peñaranda into exile. The people of La Paz ran cheering through the streets, wrecked the office of Aramayo Co., stoned the U.S. Embassy...