Word: reuse
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...Episcopalians might have better luck against the proposed copper mines. After Bishop Francisco Reus-Froylan of Puerto Rico persuaded the church to hold hearings about the project, five other denominations with extensive stock in the mining companies joined the inquiry: the American Baptist Convention, the United Methodists, the United Presbyterians, the Lutheran Church in America and the United Church of Christ. The hearings in Puerto Rico revealed cause for concern; among other things, they showed that neither government nor mining firms had made plans for relocating displaced farmers, and that no conclusive investigation of environmental hazards had been completed...
...Spain's sleepy provincial town of Reus, Judge Alfredo Fournier has spent most of his 15 years on the bench settling peasants' disputes over stray pigs. Last week, nervous Judge Fournier had a much bigger job; he auctioned off the $56 million Barcelona Traction, Light & Power Co., Ltd., which controls Spain's biggest public utility. As everyone expected, it went to crafty old Juan March, onetime tobacco smuggler who has become Spain's biggest businessman...
...violation of the freeze, March struck the death blow, got Franco's courts to declare Barcelona bankrupt. Since Heineman's group held all of Barcelona's common shares in Canada, the court ordered "duplicate" shares printed in Spain. Last week's court formality at Reus was to auction off these counterfeit shares to the highest bidder. The only bidder turned out to be Juan March's lawyer, who bought control of the big utility for 10 million pesetas...
Last week, Juan March went again to Reus and struck the final blow. By authority of last year's bankruptcy decision, he led a meeting of Barcelona Traction creditors (i.e., himself, the principal bondholder) and appointed the requisite "syndicos" (his agents) to dispose of Barcelona's assets. Nobody doubted who would get them...
Unable to strike at CHADE, March turned his attention again to Barcelona Traction. In February 1948, an obliging judge in the small Catalonian town of Reus declared that, since Barcelona Traction had not paid the interest on its bonds, it was bankrupt. Franco's authorities moved in, evicted Barcelona Traction's officers from their Barcelona headquarters, and ushered in Juan March...
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