Word: hochschild
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...high-walled adobe jail of La Paz last week languished Mauricio Hochschild, probably the biggest mining mag nate in South America. Arrested as instigator of a plot against Provisional President Gualberto Villarroel (TIME, May 8), he was lucky to be alive. The Villarroel Government had thought of shooting him, then thought again when it pondered his connections, his influence, his hold on Bolivia. Instead of killing him, his captors handled him with the special care due such a special person...
...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...
Hochschfld's arrest meant that the Villarroel Government had declared total war on the three great tin companies (Patino, Hochschild, Aramayo), which traditionally dominate Bolivia. Last President to oppose the tin barons was German Busch, who died in 1939. Officially he committed suicide, but many Bolivians believe that he was murdered...
...dashed about in Lend-Lease jeeps, invaded the homes of Government leaders and dragged them off to prison. Pro-U.S. President Enrique Peñaranda was later exiled to Chile. His 80-year-old mother died of fright. Two of Bolivia's three great tin barons, Mauricio Hochschild and Carlos Victor Aramayo, went into hiding. The greatest, Simon I. Patino, was safe in the Waldorf Astoria hotel in New York, where he refused to answer the telephone...
...have made it a three-cushion game by also intriguing with the British, who, to preserve their profitable smelting monopoly, would rather not see Bolivian ore go direct to the U. S. But while Patino was in Spain, his old enemy and the No. 2 Bolivian tin miner, Mauricio Hochschild, took sides. Hochschild went to the U. S. last winter, contracted with Phelps Dodge Corp. to supply tin for its new experimental smelter (TIME, Dec. 11). Meanwhile American Metal Co. Ltd. and American Smelting and Refining Co. also built pilot plants, and learned how to process Bolivian ore (which...