Word: cacao
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...first century in business, New York's "Old Lady of Hanover Square"-W. R. Grace & Co.-appeared to be sinking into the feebleness of age. For generations, Grace Line ships had raced unchallenged along the west coast of South America, trading cargoes of coffee, cacao and sugar and piling up 90% of Grace's multimillion-dollar profits. But after World War II, as subsidized Latin American merchant marines sprang up to compete for cargoes and challenged Grace's trading supremacy, the company's profits fell from...
...Europe-including 30 million liters last year to France. It is the world's No. 1 producer and exporter of coffee, ranks seventh in soybeans and rice; sixth in tomatoes, sweet potatoes and peanuts; fifth in jute; fourth in tobacco and cotton; second in sisal, cane sugar, cacao, corn, oranges. Yet its agricultural technology is primitive and its export potentiality (it grows more bananas and pineapple than any other country, but exports little) is barely tapped...
...Politicians are perplexed, responsible people are confused, workers are restless and officials fearful - all waiting for the man ordained by Providence," said the Jornal do Brasil. Besides, cacao shippers wanted to change export policies, hotelmen com plained (naming no names) that Brazilians spend more in foreign hotels than in their own, São Paulo politicians wanted Quadros to name a candidate for mayor...
...years after that, the generals, the bankers and Liberals gave Ecuador "chocolate prosperity," based on rich cacao plantations. Paris became the mecca of the planters, while back home the nation and the people lost ground, literally, to grabby neighbors: 26,000 sq. mi. to Brazil in 1904; 62,000 sq. mi. to Colombia in 1916; 79,000 sq. mi. to Peru in 1942, at gunpoint. By 1949, the nation had tried 15 constitutions, 44 presidents, only 10 of whom lasted out full terms...
...U.C.L.A., won election at the head of an independent ticket. Plaza, now 53 and main speaker at the recent Puerto Rican conference of U.S. Governors, gave Ecuador its first census, developed the world's largest banana industry to relieve Ecuador's dependence on witches'-broom-diseased cacao, offered Ecuador "chemically pure" democracy, free of press censorship and police statism. He served out all his four years, the first president to do so in 28 years, boasted that "my full term healed Ecuador." Successor José Maria Velasco Ibarra also served out his term...