Word: cuba
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Dates: during 1930-1939
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Among the various exhibitions of violence in the day's news, two items stand out above the rest. Down in the pleasant, palm-strewn island of Cuba, a native brand of hell burst out in full vigor as civil war recommenced on a sizeable scale. The fight centered about the several armories, police-station, and forts which dot the mainland; gunboats fought it out with land batteries, machine-guns with snipers, while General Batiste directed his troops with aplomb from the depths of his armored car. Perhaps the most discouraging detail of the whole mess is that there seems...
...last week with symptoms much like those that broke out in the closing days of hated tyrant Machado's regime. Detonating bombs boomed through the land, railroad tracks were being blown up, soldiers were shooting striking workers. Finally the National Labor Confederation called a great general strike throughout Cuba, to last two days in Havana, three days in the interior, with the possibility of indefinite extension. Admitting his Government's shakiness, President Grau tried to pass the blame for Cuba's woes to President Roosevelt. Groused he, "Nonrecognition in our case signals a new type of inter...
...Cuba. Swart Inquisitor Pecora brought a number of Chase's vice presidents to the stand and, more interesting, produced their candid correspondence with one another, procured from the Chase's letter files. One letter told that Jose ("Wood Louse") Obregon, son-in-law of President Machado hired by Chase's Havana branch (at $19,000 a year), had turned out to be absolutely useless for any purpose except entertaining clients; that Machado had used up $9,000,000 of a $12,000,000 pension trust fund. Other letters declared that $18,000,000 had been spent unnecessarily...
...Committee's criticisms of the Chase's operations in Cuba: that the Chase had gotten $40,000,000 owed to it by Cuba refunded into Cuban bonds which were then sold to the U. S. public; that the Chase had in effect unloaded on the public, since Cuba then had a deficit of $7,000,000 for the previous year (not mentioned in the prospectus for the bonds); that the Chase and its associates had taken some $3,000,000 for financing and refinancing $80,000,000 in Cuban loans...
...Aldrich managed to say that of the $80,000,000 loaned by Chase to Cuba nearly $20,000,000 had been repaid and interest was being paid on the rest. Every bit of $80,000,000 had been paid to contractors (for construction of the new Cuban Capitol and of a highway the length of the island) on work certificates approved by the Secretary of Public Works. Not a cent had been paid to ex-President Machado or other officials. Later Chase Vice President Shepard Morgan admitted that General Enoch Crowder, then U. S. Ambassador to Cuba, had given...