Word: colombia
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...company. The Commission merely wanted Mr. Teagle to answer a question which he himself had asked in a letter to Frederick H. Bedford Jr., a working Standard director: Why did Standard "happen to be so directly interested" in a protective committee for defaulted bonds of the Republic of Colombia...
Three of the six committee members certainly owed allegiance to Standard, which happens to be the biggest single taxpayer in oil-rich Colombia-Director Bedford, Standard's attorney James Henry Hayes and Adman Harrison K. McCann of McCann-Erickson, some 15% of whose business is in Standard Oil accounts. Furthermore, the committee had occupied rent-free quarters in the Standard Oil building at No. 26 Broadway, Manhattan. On the face of it, grumbled Mr. Teagle to Director Bedford, he was forced to agree with a friend of his who remarked that the committee was "pretty well plastered with...
...fiduciary or quasi-fiduciary positions is SEC, and before approving the committee's registration statement for deposit certificates (to be exchanged for Colombian bonds), it wanted to know what would happen if the protection of bondholders required action detrimental to Standard, such as pressing for higher taxes in Colombia. Committeemen Hayes and McCann admitted they would resign before doing anything prejudicial to the big oil company. The fact that the committee was "plastered with 26 Broadway'' seemed largely coincidence, but SEC took the case under advisement...
...world. After teaching economics for 13 years at the University of North Carolina, he was appointed director of the Bureau of Foreign & Domestic Commerce by President Roosevelt in 1934. He sat in with State Department officials on the drafting of reciprocal trade treaties with Cuba, Belgium, Brazil, Haiti, Sweden, Colombia. Gentle, pipe-smoking President Murchison saw clearly the impossibility of damming Japanese cottons with further import duties. Restrictions strong enough to affect the Japanese would be absurdly unfair to European exporters, and U. S. policy forbade a sharply discriminatory tariff...
...President Jorge Ubico of Guatemala awarded the Order's Grand Cross to King Victor Emanuel III of Italy, Premier Benito Mussolini, Presidents Albert Lebrun of France, Lin Sen of China, Maxmiliano Martinez of El Salvador, Tiburcio Carias Andino of Honduras, Leon Cortes of Costa Rica, Alfonso Lopez of Colombia, Anastasio Somoza of Nicaragua and Stenio Vincent of Haiti "for personal merits and friendship to Guatemala...