Word: monteros
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Dates: during 1931-1931
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...Andes, Chile and the Brothers Guggenheim are in business together digging nitrates from a vast arid plain. Their company, Cosach, was a major political issue in Chile last autumn and the Brothers Guggenheim were threatened with eviction (TIME, Sept. 14; Nov. 23). Last week smiling new President Juan Esteban Montero ignored a previous commission's philippic which demanded Cosach's dissolution,, and issued through his Minister of Finance a favorable report. Cosach was glad to hear it. The company needed money and could not get it while the inquiry in Chile was under way, its monopoly threatened. Last...
Smiling new President Juan Esteban Montero, elected after his friends upset the Ibanez Dictatorship (TIME, Oct. 12), faced an appalling crisis last week, cheerfully declared, ''Courage is the greatest need...
...Manhattan the Brothers Guggenheim bided their time in silence, waited for Chile's seething Cosach pot to clarify. Who was honestly against Cosach, and who wanted money? Were agents of the German synthetic nitrogen trust perhaps at work in Santiago to ruin Cosach? Would smiling President Montero decide to come out for Cosach or against? When the President called courage the greatest need was he only weaseling and watching...
...Santiago last week Senor Montero studiously ignored the Cosach crisis, reorganized his Cabinet, talked of doing something to aid the 15% of Chilean workers who are now unemployed...
Juan Esteben Montero, winning candidate and President-elect, had more than the sunshine of U. S. favor to help him win. A Conservative, a former University professor who had played no part in politics until the fall of Dictator Carlos Ibanez seven weeks ago, he was the official candidate of the Government party; and, although Chileans cast the votes, it is the Government that counts the ballots. Moreover Candidate Montero had the picturesque support of nearly 50,000 guasos (cowboys) in flopping ponchos and silver spurs who rode in from the country districts, threatening destruction to anyone who should oppose...