Word: tins
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Dates: during 1950-1959
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Dave Watts also outclassed his man, but he hit a lot of easy shots into the tin in the opening games. His scores...
Bolivians are united behind his action as they have not been in years. They are generally convinced that 1) the companies were bigger than the state, 2) the companies were draining away resources without investing the profits in Bolivia, and 3) the tin barons themselves, particularly the heirs of Patiño, were living lives of luxury in the outer world while scorning their own country...
...finality of Paz's nationalization decree, the tin companies are still fighting back. Because the bare book value of their property exceeds $60 million, they scoffed at the $22 million offered as indemnification by the government. They denounce the government's recently presented "bill" for $505 million in unaccounted-for foreign-exchange funds as a brazen pretext for outright confiscation. They have not accepted the government's invitation to negotiate indemnification which would include Patiño's U.S. minority stockholders. Their apparent strategy is to wait until the stoppage of tin sales-through unofficial world...
...seems caught in the middle. To make a go of his gamble, Paz needs foreign technicians, credits to buy supplies, peace with his miners, and a long-term contract for sale of Bolivia's tin. With huge private investments already under pressure in such neighboring countries as Venezuela, the U.S. cannot openly condone Bolivian nationalization. The RFC, which resumed buying Bolivian tin (at $1.17½ a Ib.) after Paz's revolution, stopped when nationalization occurred. Yet from a strategic standpoint, Bolivia's tin (only 20% of the world's nowadays, but the sole supply...
...threat to him is an army comeback. Observers on the spot report that the army was all but destroyed by the April revolution and, with the country behind him, Paz is probably safe against any rightist coup for a year or more. But what will happen when the Bolivian tin miners discover that working for the government is sadly like working for Patiño? When the Paz regime was organized, a diplomat observed: "There is a time bomb in that cabinet, and his name is Juan Lechin." Now Minister of Mines as well as boss of the tin miners...