Word: santiagos
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After only a few days in office the Davila Government began to run short of funds, ordered carabineers to raid all the jewelry shops in Santiago, a work they performed with a will. Lest this seizing of valuables from helpless jewelers be called "confiscation" the carabineers gave each jeweler "compensation" in the form of a receipt which he could cash in paper pesos. Thus swank Weil's received a bit of paper on which a carabineer had scribbled "350,000 pesos." Marching bands of well-fed unemployed hailed "The First Socialist Government of Chile!" Plaintively Don Victor Navarrete, Minister...
...Three Companies and put all Chile's unemployed to work will certainly take time. But a few hours sufficed the Davila Government to take over the Banco Central, organized as the sole Chilean bank of issue after Princeton Professor Edwin Walter Kemmerer, famed "Currency Doctor" was called to Santiago. Last week the Banco Central was rechristened Banco del Estado and Finance Minister Don Alfredo La Garrigue spoke of inflating the Chilean currency by 200,000,000 pesos "which would be gradually withdrawn." Next he got down to the serious business of drafting a decree covering deposits of foreign money...
Only U. S. bank in Santiago is the National City. Its officials quietly refused, according to despatches, to turn over any deposits to the State. Mildly Finance Minister La Garrigue said that "conducive measures" would be applied "if necessary," but he did not seem to think them necessary last week. Carabineers, instead of surrounding National City, surrounded Santiago's Stock Exchange and methodically confiscated firearms found on the persons of traders...
...assisted in the negotiations creating "Cosach" and had pooh-poohed Chilean fears of "Yankee Imperialism," his lack of ruthlessness toward "Cosach" began to seem suspicious to some Chileans. Was the Stalinism of Don Carlos genuine, they wondered, or was he dragging a Red herring through the streets of Santiago, prating of "progressive Socialism" in order to head off a real Socialist revolt...
...Passed a bill bestowing a Medal of Honor upon Richmond Pearson Hobson for his attempt in 1898 to blockade the Spanish fleet in Santiago harbor by sinking the Merrimac...