Word: peso
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Dates: during 1930-1939
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...very easily-with figures -prove that Mexico is insolvent. Quotations on the Paris Bourse show that some Tsarist Russian bonds are worth more than those of certain Mexican issues." The gold and silver reserves of the Bank of Mexico were used up last spring trying to keep the Mexican peso worth 28? . It has now crashed to 20? . Mexicans last week tried to find takers who would accept 210 paper pesos in exchange for one 50-peso silver coin...
...thus last week Señora Cárdenas and other politicos' wives donated table silver and trinkets (see cut). Wealthy Mexicans took almost no part, since they hate and fear Cárdenas. Poor Mexican women were snapped bringing in chickens-worth in Mexico about one peso (25?)-as their contribution, while banners were unfurled (see cut) reading: "LIVE TO BE FREE! OR DIE TO CEASE BEING SLAVES! (Signed) THE WOMEN." On the sixth day of the collection a dispatch from
...year Argentina has been flooded with forged 100-peso notes and by last week exasperated Government officials had decided there was only one way to stop it. Argentina will destroy her entire paper currency of 1,100,000,000 pesos ($286,000,000) and substitute new notes. This time the issue will be printed from steel-engraved plates instead of by the cheaper lithographic process, which big-time forgers found easy to duplicate...
...bite the hand of President Roosevelt, whose Treasury silver purchases from Mexico have alone saved the peso from collapse, was the scarcely brilliant move made last week by President Lazaro Cardenas. Well knowing that Mr. Roosevelt wants lower tariffs all around, that they are the thing dearest to Secretary of State Cordell Hull, President Cardenas blandly raised tariffs on most things Mexico buys from the U. S. by 100 to 200%. On some items he upped them...
...press box of Mexico's Chamber of Deputies while on the floor the majority bloc of President Cardenas' deputies steamrollered its program ruthlessly forward against the agitated but ineffective shouts of minority delegates. Up for discussion was a minority proposal to grant a 5,000-peso bonus ($1,400) to each & every member of Congress, a proposal which President Cardenas had vetoed week before, despite the fact that Mexican custom sanctions such "tips" to obedient legislators. When the majority deputies sternly resisted this tempting bait, voted it down, hell suddenly broke loose in the chamber...