Word: pesos
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...almost every part of the globe where clothes are worn. So long does it take to assemble Singer figures from the preceding year that the annual meeting can never be held until September. Last week, having accounted for the very last nickel, yen, leu, franc, shilling, florin, drachma, peso, pengo, rupee, escudo, zloty, mark and finmark. Sir Douglas Alexander, Singer's venerable president, announced that profits for the year 1933 were...
Since the Chilean peso was falling like a plummet, no foreign firm would take over the dam job. but Chileans decided to go ahead under an engineer from, Brento, Italy, swart, indomitable Ernesto Boso. Ulen & Co. had done the first quarter of the work. On the Limari River 200 mi. north of Valparaiso. Signer Boso raised a wall of rock and concrete which slowly backed up enough water to submerge the historic colonial settlement of Recoleta, a town more than 250 years old. Last to disappear was the battered cross atop Recoleta's parish church...
...Mexican products, which provide him with all he needs, a peso has the buying power of a pre-inflation dollar. Oranges cost three centavos (less than one penny). Avocado pears cost the same. The staples, black beans and pink rice, cost usually 20 centavos a kilo, which is more than two pounds. That's 2½? a pound. And if you've eaten black bean paste with chili sauce and Mexican pink rice, you know you don't have to feel sorry for anyone who makes it his daily fare...
...housing and clothing problem is simple here, and the Mexican has no fuel problem. He lives largely out of doors. In the country he raises what he needs, and he couldn't spend 1½ pesos a day on "honest pleasures" if he tried. In town, a bus will take him anywhere for 2?, the best U. S, movies are shown a few weeks late for 8½?, and a good pair of shoes can be purchased at the open market for two pesos. He prefers his own guitar to a caterwauling radio and he wouldn't want...
...cite these facts only to persuade you that the Mexican Government in establishing a peso wage is performing a greater good than you think. I was offered an hacienda in the State of Queretaro only last year, agricultural workers included, with the understanding I need pay the more skilled workers 60 centavos a day, the unskilled only 40. And I dare say even these would top some of the sweatshop paychecks in depression New York. MARION LAY Mexico City...