Word: pati
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...Simon Patiño, the world's richest Bolivian, returned to Manhattan from Panama last week at a critical moment in U.S.-Bolivian relations. U.S. industry badly needs Bolivian tungsten, in which Patiño has an interest, and Bolivian tin ore, over half of which he controls. Last week the U.S. arranged to get the tungsten, but it is still not getting...
Cynical Americans could conclude that the Bolivian Government is still a Patiño government, although Patiño has not set foot in the country for 17 years. Equally cynical Bolivians, on the other hand, deduced that the U.S. was run by the Rockefellers. This mutual misunderstanding made an enlightening case history in the shortcomings of U.S.-Latin American relations...
Financial mainstays of German Busch's new Bolivia were to be the properties of Standard Oil, which he confiscated in 1937, and of foreign mining interests. Capital to build Government-dominated tin foundries (the Bolivian mines of Tycoon Simon I. Patiño produce about 15% of the world's supply) was being sought in Manhattan last week by Busch's Minister of Mines & Petroleum Dionisio Foianini, son of an Italian father and Bolivian mother, second husband of a girl from New Haven, Conn, whom a Bolivian artist took home with him from Yale...
...less honest press coverage than any war of modern times, have been about 100,000; wounded about the same. The mysterious Gran Chaco has at last been explored, even to some extent developed and colonized. Economically, Paraguay is no better off than Bolivia; both are financially exhausted. Simon Patiño's mine stocks were up last week. And last week in Asuncion there was earnest talk of rewarding Paraguay's able General Estigarribia with the rank of Marshal, a title last held by the great Tyrant López, as well as a life income...
Immediately Patiño Mines stock jumped 2½ points to a new high for the year (15). The rise, however, was not due to Mr. Cornish's election. It was caused by the revival of peace negotiations between Bolivia and Paraguay. If peace comes, Patiño's mining operations will no longer be handicapped by the hard fact that its best workers have been drafted into the Bolivian Army to fight the little brown men of Paraguay...