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...chief aims of President Pedro Aramburu and the officers around him-as mirrored by their own words and deeds-took firm shape last week. They intend to wipe out the cult of Juan Peron, free the economy from strangling Peronist controls and then run off fair elections. The week saw dramatic steps toward all three ends...

Author: /time Magazine | Title: ARGENTINA: Wealth Recovery | 12/19/1955 | See Source »

Deperonizatlon. "To recover stolen wealth," a government decree confiscated the property of 263 persons and 68 corporations alleged to have grown fat under Peron. A National Wealth Recovery Board was empowered to administer the seized property as it saw fit. Most conspicuous on the list, except for Peron himself* and his late wife Eva, was Tycoon Jorge Antonio, 38, who rose in the last decade from a hospital orderly to the possessor of a fortune reported to total $215 million (rolled up in Mercedes-Benz cars, Capehart radios and phonographs, grains, publishing, radio...

Author: /time Magazine | Title: ARGENTINA: Wealth Recovery | 12/19/1955 | See Source »

...Buenos Aires press, reveling in its new-found freedom, backed Revolutionary General Aramburu with a unanimity such as Peron, for all his powers and pressures, never quite commanded. Democracia, a paper that Peron used to favor with his own editorial comments, coyly signed "Descartes," commented approvingly, "This is not vengeance but justice." Asked El Laborista, "Is it not proof of wrongdoing to have a billion pesos when one started with nothing ten years ago?" So bitter was the feeling against the Peronista fat cats that no one even asked whether confiscation was constitutional, or a safe precedent...

Author: /time Magazine | Title: ARGENTINA: Wealth Recovery | 12/19/1955 | See Source »

...Issue Deferred. Significantly, the new government's announced aims did not include any basic overhaul of church-state relations. An attempt to disestablish the Roman Catholic Church was one of the main causes of Peron's fall, and Aramburu apparently prefers to leave the church's future status to his elected successor...

Author: /time Magazine | Title: ARGENTINA: Wealth Recovery | 12/19/1955 | See Source »

...dismantling Peron's works meant less freedom for a few of the strongman's collaborators, it meant a welcome extra measure of freedom for the majority of Argentines. President Aramburu abolished Peron's most oppressive legal tool, the State Security Law that for ten years provided pretexts for arresting the dictator's enemies. And having closed up the hated, Subsecretariat of Press. Peron's main propaganda mill. Aramburu started news flowing freely out of the government once again...

Author: /time Magazine | Title: ARGENTINA: Crackdown Continued | 12/5/1955 | See Source »

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