Word: gonz
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...turbulent year in office, President Gabriel González Videla has gambled a lot, and always won. Last week, his victories over the Communists behind him, he was ready to gamble again. Just one year after signing the $175,000,000 trade agreement with Juan Perón (TIME, Dec. 23, 1946), he sent the treaty to Congress for ratification...
...González was unimpressed. Now, more than ever, the country needed the $175,000,000 Argentine credit promised in the treaty for public works and industrialization. And González was even surer, after the year's events, that a revitalized Chile could repay the money later without losing her independence. But what prompted him to send his treaty to Congress last week was his strong new political position. A year ago he ruled with Communist support. Now he had ditched the Commies, won other friends in Congress. Yet as champions of cheap food for the masses...
That left just one more question: would Argentina herself ratify the treaty? After all, Perón was no longer so flush with funds. González , flashing his most confident smile, was not afraid of that either. Perón, he said, would keep his bargain...
Possibly the new Commie strikes might lead to outlawing of the party and the ousting of Communists from Congress. That had been González plan of several weeks ago. But not all Chileans wanted to be as tough as their volatile President. The Socialists, in Chile no friends of Communists, opposed outlawing the party, as a blow to civil liberties. Pink-cheeked old Senate President Arturo Alessandri, a Liberal, twice Chile's President and still a great power in politics, let it be known that he was against the idea...
Cleanup. Besides, it might not be necessary. According to Santiago gossip, González' anti-Communist action had already won the promise of a badly needed $40 million World Bank loan. Visiting U.S. industrialists, who have told González that they would be interested in investing in Chile if ever he got the best of his Commies, could watch the rapid climb of Chile's stockmarket last week and draw their own conclusions. Lota coal shares were up ten points in five days...