Word: comercio
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Dates: during 1940-1949
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...coyote trap is quite a surprise. Finance Minister Ramon Beteta last week found how it feels. He had set out to run down the silver smugglers who had been cheating the government of export taxes and dollar earnings. He ended up with the ultra-conservative Banco de Comercio, S.A., the country's biggest private banking house, on his hands...
Across the Border. Three months ago, with the investigation beginning to simmer, Beteta had a visit from Anibal de Iturbide, manager of the Banco de Comercio. Without his knowledge, Iturbide said, his chief of exchange had been enriching the bank by illegal silver sales...
...Bank. Maese was arrested (and released on bail). At the customhouse in Ciudad Juarez, 62 inspectors were fired, 25 other officials suspended, and 76 employees either fined or transferred. The Banco de Comercio was fined 200,000 pesos...
When the smuggling story broke in Mexico City, Beteta was unexpectedly faced with the possibility of a financial panic, touched off by a run on the Banco de Comercio. Said the pro-Communist El Popular: "Every patriotic depositor should withdraw all funds at once." Beteta' asked editors and financial writers to go easy on the bank...
...open, distribution pumps often break down. Hilltop houses generally have water only at night, if at all. On Quito streets Indian women carrying buckets in search of water are as familiar a sight as lottery-ticket vendors in Havana. Complained an indignant letter-writer in Quito's El Comercio: "In the morning the cook must take a streetcar to the hospital to see if she can get some water. She usually returns late and without any, so we have lunch at 4 p.m. without a drop to wash our hands. . . . Whenever I need a shave, I buy a bottle...