Word: galindo
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Dates: during 1940-1949
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...Guadalupe, long ago, a peon named Juan Diego beheld a miraculous vision of the Virgin. Near that spot last week, a visionary Mexican industrialist, Antonio Ruiz Galindo, was starting an experiment that may likewise prove miraculous: a factory community, La Ciudad Industrial (the Industrial City). Mexican leaders and U.S. businessmen interested in Mexico are watching closely...
They are also watching Ruiz Galindo. A harddriving, self-made man, he and his business philosophy represent modern Mexico: the Mexico whose industrial revolution is just beginning. Ruiz Galindo is smart, tough and patriotic. He wants to make money for himself and he wants to see Mexico prosper. His formula: 1) industrialization; 2) higher living standards-to increase consumer demand; 3) Government protection for young industry. His contribution to jacked-up living standards: the $2,000,000 Industrial City, Mexican capitalism's first paternalistic workers' community...
...employes of Ruiz Galindo's new steel-office-furniture factory in the Mexico City suburb will live in six ultramodern, rent-free apartment buildings, have free medical care, sports, movies, their own printing press. Free lunches and a cooperative grocery will discourage tortilla and chili diets. The clean factory has toilets, showers and quantities of mirrors. "If they look at themselves enough they will not want to be dirty," he says...
When Ruiz Galindo and men like him talk of tariffs, they reflect Mexico's industrial youth. Says Ruiz Galindo: "To have freedom of commerce it is indispensable first to have commerce." Therefore Mexico, he argues, must protect its growing industry, even if protection is theoretically unsound economics...
...Bolivian regime of Provisional President Gualberto Villarroel last week discovered and scotched a plot to overthrow it. Warned in the nick of time, the Government caught one conspirator actually handing out cash to soldiers. Bigger fish captured were ex-Minister of War Ernesto Hertzog, two generals, and Lawyer Nestor Galindo, charged with distributing a 20,000,000 peso ($450,000) corruption fund. Biggest fish: German-born Argentine-naturalized Tin Magnate Mauricio Hochschild, jailed as principal...