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First, most spectacular move was to declare a moratorium for at least two years on amortization payments on $52,000,000 owed U. S. bondholders. This $4,037,000 annual load had been borne faithfully by Tyrant Machado and his successors. It was naturally the most unpopular thing in Cuba and the moratorium instantly fortified Mendieta's government in the hearts of the people. But Mendieta will continue to pay the interest charges of $2,868,000 a year and he will continue to collect all the taxes ordinarily earmarked for amortization payments. The decree affects two loans floated...

Author: /time Magazine | Title: CUBA: Echoes & Money | 4/23/1934 | See Source »

...Constitution in a way Suicide Penate had long fought for: 1) by removing civil cases from the jurisdiction of military courts even when constitutional guarantees are suspended; 2) by authorizing the confiscation of the property of men found guilty of misappropriating public funds, especially during the term of Tyrant Machado...

Author: /time Magazine | Title: CUBA: Echoes & Money | 4/23/1934 | See Source »

...Penate wanted, the presidency of the Council of State. Penate had .killed himself day after Mendieta appointed De La Cruz. The friends charged the Mendieta Government with veering toward a Fascist dictatorship, charged that De La Cruz had been far too friendly with Tyrant Machado. Finally the echoes of Penate's death forced De La Cruz to hand in his resignation and the political factions again began their wild scrabbling...

Author: /time Magazine | Title: CUBA: Echoes & Money | 4/23/1934 | See Source »

...massive carved doors, yellow tapers flickering before two bronze urns set in niches of the wall--the sitting room of the Van Bret mansion of Fifth Avenue in 1910; in this atmosphere, and as an integral part of it, appears Victoria Van Bret; guardian of the Van Bret millions, tyrant of the Van Bret household. Around the commanding presence and warped soul of this queenly spinster revolves a tense drama of hate and fear, swelling in an unvarying crescendo of emotional strain to a brilliant climax in the last scene. "Double Door" is not a great play...

Author: By T. B. Oc., | Title: The Crimson Playgoer | 2/16/1934 | See Source »

...recognize me during my four months as President is easily explained. The whole trouble was that I didn't pay interest on the Cuban debt to the Chase National Bank of New York City, my reason being that I considered theirs an illegal contract made by the [ousted] Tyrant [of Cuba] Machado" (TIME...

Author: /time Magazine | Title: CUBA: $10,000,000 Diplomacy | 2/5/1934 | See Source »

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