Word: colombia
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...Colombia, Shortly after his election to the Presidency in 1930, Dr. Enrique Olaya journeyed to the U. S. with all the usual trappings of a good-will visitor. In New York he was welcomed by Mayor Walker. A special train carried him to Washington where President Hoover gave a White House dinner in his honor (TIME, June 16, 1930). Secretary Stimson also gave him a big dinner at which Dr. Olaya met Secretary of the Treasury Mellon. They talked socially about Colombia's financial plight. Though Mr. Mellon later denied it. President-elect Olaya was sure he heard the Treasury...
Back in New York Senor Olaya, now behind the back of an innocent Press, took up the real purpose of his visit?a loan. He dropped into J. P. Morgan & Co. But Mr. Lament seemed chilly. He dropped into National City Co. to see Victor Schoepperle, who had visited Colombia. But Vice President Schoepperle did not think a loan could be arranged unless Colombia adopted a "businesslike" administration. Weary of shopping about Wall Street for cash, President-elect Olaya consented to these terms, and sailed for Colombia with the promise of $20,000.000 in short term bank credits from National...
...last week by the Senate Committee, the list was gloomy reading, showed $815,000,000 worth of dollar bonds in default. There were 57 issues listed, every one the obligation of some South American government, state or municipality. Bolivia, Brazil, Chile. Peru have defaulted on their government bonds. In Colombia and Uruguay payments on municipal issues have been allowed to lapse. Included on the list were defaults of either interest or sinking fund payments. Approximate totals: Brazil, $318,000,000; Chile, $268,000,000; Peru, $91,000,000; Bolivia, $61,000,000; Colombia, $11,000,000; Uruguay...
...Edwin Walter Kemmerer of Princeton, famed fiscal diagnostician, was named to represent Federal Reserve Bank of New York at a conference of South American central banks in Lima, Peru next month. Bolivia called the meeting to ponder the mutual fiscal problems of herself and Chile, Peru, Colombia, Ecuador. The central banks of all five countries were established on the advice of Dr. Kemmerer so his attendance was expected, but it is unusual for the Reserve to go out of its official family for its chief representative. Accompanying Dr. Kemmerer will be Allan Sproul and Eric F. Lamb, both...
...Took Panama." Most disputed point in any Roosevelt chronicle : Did the President personally incite the revolution of 1903 whereby Panama seceded from Colombia and opened the way for the construction of a U. S. canal? After a re-examination of all available evidence Biographer Pringle concludes that he did not directly plot the uprising but that he was "extremely well informed" as to the conspirators' plan. The Panama Republic was cradled in Room No. 1162 of the old Waldorf Astoria Hotel. Bent on selling the French franchise to the U. S., Philippe Bunau-Varilla and William Nelson Cromwell buzzed often...