Word: bolivians
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Dates: during 1940-1949
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Simon Patiño, the world's richest Bolivian, returned to Manhattan from Panama last week at a critical moment in U.S.-Bolivian relations. U.S. industry badly needs Bolivian tungsten, in which Patiño has an interest, and Bolivian tin ore, over half of which he controls. Last week the U.S. arranged to get the tungsten, but it is still not getting...
Cynical Americans could conclude that the Bolivian Government is still a Patiño government, although Patiño has not set foot in the country for 17 years. Equally cynical Bolivians, on the other hand, deduced that the U.S. was run by the Rockefellers. This mutual misunderstanding made an enlightening case history in the shortcomings of U.S.-Latin American relations...
Bolivia lives mainly on tin exports, and when the U.S.'s far-eastern supply was threatened, Bolivians assumed the U.S. would want their total production. That could be almost enough for U.S. needs provided the run-down Bolivian mines were fixed up with new equipment, including a railroad connecting Bolivia's interior with Brazil (and with tidewater...
...Patiño's companies are interlocked with the British-Dutch cartel, and he controls a smelter in Liverpool. His ore has always been smelted there, crossing the Atlantic twice before it gets to the U.S. After prolonged negotiations, Jesse Jones contracted with a Dutch firm to smelt Bolivian ore in Texas-with a Dutch East Indian ore admixture, which keeps U.S. tin technology tied to the Far East. To feed the Texas smelter he secured less than half of Bolivia's production-a mere 18,000 tons a year. Patiño's ore still goes...
...anonymous. He never held his own press conference, never sent out his own press releases. Even after the President gave him the RFC chairmanship (which Jesse wanted to keep in his own collection of titles), Jones was still his boss. Schram's thwarted feeling probably mounted during the Bolivian tin negotiations, which Jesse handled in such a way that Bolivian tin is still not being commercially smelted...