Word: machado
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...years. Scratch, scratch, scratch-the President's pen flew over other decrees of a "Cuba for the Cubans" tone. Already approved was an estoppment by the Cuban Treasury of interest on some $60,000,000 lent by U. S. banks to the ousted regime of Tyrant Gerardo Machado. Last month President Grau signed a decree ordering the Cuban Electric Co., subsidiary of Electric Bond & Share, to cut its rates 30%, a decree of nation-wide importance since Cuban Electric supplies power and light to 207 Cuban cities and towns. Up to last week the companies' U. S. officials...
...Depression hit the sugar industry not four but eight years ago, and when Depression hits sugar it hits Cuba. When Thomas Lincoln Chadbourne, Manhattan lawyer, came down from the North with a plan to get the whole world to cut sugar production, President Machado gave him practically plenipotentiary powers as representative of Cuba. With those powers Chadbourne argued the big sugar growers of the world to agree to world restriction. He got his cartel working just as Depression hit the world at large. When Cuba could stand no more Depression Machado was ousted. Last week was Chadbourne's turn...
...uncertainty which has characterized Cuban political alignments since the fall of Machado has apparently at last been dispelled. The final attempt at compromise was the elevation of Hevia to the presidency; affairs, however, have developed with such rapidity that compromise has become impossible and the two parties have been forced out in the open, thus clearly defining both the issue at stake, and the adherents on each side. On one side are the conservatives comprising the Nationalist party and the military forces controlled by Colonel Batista; arrayed against them is the Revolutionary junta which engineered the revolt against Machado...
With few friends and little cash, Cuba's President Ramon Grau considered it more important to pay his Army last week than to send to the U. S. $3,950,000 due in interest and arrears on public works loans contracted by deposed Dictator Machado. Bluntly Cuban Secretary of the Treasury Colonel Manuel Despaigne announced that Cuba would default on these obligations "until such time as the whole situation can be thoroughly discussed ... to determine which part if any [of the obligations] is legal." He declared that the $62,000,000 principal of the loans was secured by special...
Last September Capt. Juan Blas Hernandez, a bowlegged old bushwhacker who fought Tyrant Machado for years and had started a lively little campaign against the Grau Government, suddenly appeared in Havana, publicly embracing not only President Grau but also swart "Emperor" Fulgencio Batista, the onetime Sergeant who led the Army's revolt against its officers, and to the world's surprise has maintained control of the Army ever since...