Word: leguia
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President Agusto B. Leguia, Peru's malevolent despot, complained to U. S. Secretary of State Charles E. Hughes that a bold, bad bunch of bankers, operating under the name of the Guaranty Trust Co. of Manhattan had been openly discouraging American loans to Peru...
President Augusto B. Leguia, hav-ing failed to attract American capital into his country overnight, has reverted to the last resort of the disappointed politician - muckraking. He accuses the Guaranty Trust Co., of Manhattan, of throttling Peruvian loans...
Unless the Peruvian Government or the Guaranty Trust Co. cares to issue further statements, the charges of President Leguia will be dropped without official action by Washington. The State Department hopes, however, that Senor Leguia will not renew his protest as, in that event, the U. S. Government would be obliged to issue a reply to his allegations...
...secret of the incident supposedly lies in the fact that Senor Leguia made his campaign for office on a platform of economic development, calling for large foreign loans which he has hitherto been unable to float...
Everything worked out according to plan. President Leguia left the Presidential abode and was on his way to the theatre. Unfortunately for the radicals and fortunately for the President, he had taken care to surround himself with secret service men. The leader of the gang unaccountably developed a fever and fell from his horse -a demoralizing blow which knocked all the courage out of his followers...