Word: obregons
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Dates: during 1930-1939
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Cuba. Swart Inquisitor Pecora brought a number of Chase's vice presidents to the stand and, more interesting, produced their candid correspondence with one another, procured from the Chase's letter files. One letter told that Jose ("Wood Louse") Obregon, son-in-law of President Machado hired by Chase's Havana branch (at $19,000 a year), had turned out to be absolutely useless for any purpose except entertaining clients; that Machado had used up $9,000,000 of a $12,000,000 pension trust fund. Other letters declared that $18,000,000 had been spent unnecessarily...
...Rockefeller Jr. and president of Chase National Bank (world's largest). And with good cause. Banker Aldrich had read in TIME, May 15: ". . . Of Chase's $30,000,000 first loan [to Cuba], $2,000,000 went into commissions-$500,000 to 'Wood Louse' Obregon" (Jose Emilio Obregon, son-in-law of Cuba's President Machado...
...commission was paid by Cuba to Senor Obregon not as an individual but as the Chase's Havana manager. After deducting expenses, including legal fees of $58,055.07 for Cuban lawyers (Antonio de Bustamente, Hernandez Cartaya, Garcia Montes) the balance of the commission, some $375,000, was distributed among the original underwriters of the loan: Chase National Bank, Chase Securities Corp., Blair & Co. Inc., Equitable Trust Co., Continental Bank of Chicago...
...Dictator Machado's murders. A few facts are undisputed. In 1924 horn-rimmed Gerardo Machado y Morales was an officer of the Santa Clara subsidiary of Electric Bond & Share, to whom he had sold his own power company a few months earlier. His son-in-law, Jose Emilio Obregon. sometimes called the "Wood Louse" because of his handling of shiploads of lumber donated to Cuba by the American Red Cross after the 1926 hurricane, was manager of Chase National Bank's Havana branch (1927-31). The Chase Bank first loaned the Machado Government $30,000,000, paid...
...fortnight past has been painful to Christian ears. Repeatedly the Savior's Holy Mother was termed by Senators and Representatives "the so-called Virgin Mary." Last week the Congress added insult to injury by voting unanimously to change the names of two Mexico City suburbs. San Angel became Obregon, Congress substituting for the "Holy Angel" one-armed General Alvaro Obregon, famed champion of the Revolution and one of the most popular presidents Mexico has ever had, who was assassinated in San Angel by a religious fanatic in 1928. The suburb Guadalupe-Hidalgo (a double-barreled name recalling both...