Word: peseta
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...recruited the Lion and the Fox, and on April 11, 1895 landed in Oriente, the rebel lair. Six weeks later, at 42, he died sweetly in battle, and Cuba got its national hero. Spain vowed: "Cuba shall remain Spanish though it takes the last man and the last peseta." Rebel General Gómez vowed: "We will be free, though we have to raise a tomb in each home." New York Herald Correspondent Stephen Bonsai, father of the new U.S. Ambassador to Cuba, visited Havana's Laurel Ditch, the Spanish execution ground, and wrote: "Clots of dark human blood...
...After the administration, of First President Tomás Estrada Palma (1902-06), who died in poverty, Cuba never knew an honest President. No. 2 retired to a $250,000 mansion; No. 3 parlayed $1,000,000 into $30 million to $40 million; No. 4 was known as "the peseta stealer." No. 5, Gerardo ("The Butcher") Machado (1925-33), coupled graft with terror, rode in a $30,000 armored car, had some of his victims fed to the sharks. President Franklin D. Roosevelt dispatched suave Diplomat Sumner Welles to smooth the way for the unseating of the "President...
...plot is finally straightened out, Producer Douglas Fairbanks Jr., unable to resist hamming up his own road show, dashes onto the screen and swears the audience to secrecy. But by that time, even Director Michael (Around the World in 80 Days) Anderson does not seem to care one peseta's worth...
Sculpture in a Dairy. A year after his friend Picasso went to Paris, Manolo used his last peseta for train fare, arrived at Paris' Gare d'Austerlitz knowing one word in French: "Montmartre." Once there, Manolo rapidly established himself with his peasant shrewdness and high-spirited escapades as the Sancho Panza of Montmartre, and was soon fending for himself. Reports Picasso's mistress of that day, Fernande Olivier: "Happily, he fell in love with the daughter of a dairyman who hired him each day to sculpture animals and flowers in mounds of butter...
SPAIN'S SHAKY PESETA, which sank on foreign markets to 56 for $1 v. official rate of 38.95 to $1 as result of Spanish economic crisis (TIME, April 1), is being devalued to 42 to $1, will probably slide to 45 later. To spur lagging exports, Franco is also wiping out the multiple-exchange rates that favored importers over exporters...