Word: laredos
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...resign (TIME, May 31). Last week after considerable backtracking, President Illas did resign and the Senate went back to work. Elected as his successor, on the potent recommendation of Army Boss Fulgencio Batista, was Liberal Senator Lucilo de la Pena. Promptly Colonel Batista sent his mouthpiece President Federico Laredo Bru to Congress with a whopping $78,856,000 budget, $21,000,000 of which is reserved for Boss Batista's Army...
...budget, explained old President Laredo Bru, will leave Cuba with a $9,400,000 deficit, necessitating new taxes. The President proposed a tax of 1? a gallon on exported molasses, to bring in $1,600,000 yearly, a 5% tax on the gross product of mines, a tax on sugar used by national industries. A "forcible bill of exchange" for all credit sales, costing up to $200 on a transaction involving $50,000, would yield another $1,000,000, and a 5% tax on capital leaving the island $1,100,000 more. Biggest boost was suggested...
...Laredo...
...Havana the secret conferences of dark-eyed men talking softly and rapidly became longer and subtler and more intense. The Republican Actionist Party of impeached President Gómez, who spent the winter attending exhibition baseball games with ostentatious humility, suddenly spurted with a violent manifesto characterizing Acting-President Laredo Bru as "a decorative figure and a phantom, imprisoned in the palace as a legal fiction," and demanding that the Army stay clear of the elections for the Constituent Assembly. Grizzled, conservative old General Mario Menocal, vice president and smarting under his finessing by Republican Gómez in last...
Died. Major Ulciseno Franco Granero, 56, chief of Cuban President Federico Laredo Bru's aides; of cancer of the stomach; in Havana. He was one of the army sergeants who revolted in 1933 against Provisional President Carlos Manuel de Cespedes under his close friend Colonel Fulgencio Batista, who made him chief of the Cuban national police...