Word: pati
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Time to Explain. The tin decree, climaxing long years of bloody struggle, was the most important act of nationalization in Latin America since Mexico expropriated its foreign oil companies in 1938. The three nationalized companies-Patińo,* Hochschild, Aramayo-produce 72% of the country's tin. Though Bolivia now mines only 15% of the world's tin, it still accounts for virtually all that is produced in the Western Hemisphere. And tin is still backward Bolivia's one cash crop, providing 80% of the country's foreign exchange. Last week's decree...
...Whose president, Anterior Patińo, had troubles of a different sort in the U.S. last week (see PEOPLE...
...government in Bolivia took over his mines under a nationalization decree (see HEMISPHERE), Bolivian Tin King Antenor Patińo was in Manhattan in the process of being parted from some of his fortune. A few hours before he planned to fly to Paris, he was haled into court by his Spanish-born wife and charged with being $400,000 behind in support payments. She wanted a settlement before he left the country. "I'm going to ... Paris this afternoon," pleaded Patińo. "No, you're not," snapped the judge. "You're going to city prison...
Antenor No. 2. Cristina's Antenor is the son of the late Bolivian Tin King Simón Patiño. Though the Patino holdings have been estimated at a comfortable $1 billion, Antenor has never been profligate (he once put in several tax-exempt years as Bolivia's ambassador to London). Cristina managed, however, to separate him from an even half-million dollars after a 1944 separation, won a court judgment for another $500,000 by proving some indiscretions with a brunette model named Francesca Simms in 1945. This irritated Antenor to the point of trying...
Some weeks ago, Bolivian Senator Tomás Manuel Elio, who by a strange coincidence is also legal adviser for the Patiño interests, introduced an amendment to the divorce law. When it came up for discussion last week, the President of Bolivia's Chamber of Deputies rose gravely to read a cable from Paris asking that the amendment be pigeonholed. "I do not ask you, Mr. President, to take any action contrary to law," the cable read, "but presently the only divorce suit ... at stake is the one brought against me ..." It was signed Cristina de Borb...