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There was also a report that Lord d'Abernon had arranged for a $200,000,000 private British loan to the Argentine Government for road building purposes. Both La Prensa and equally famed La Nation were skeptical of the constitutional right of Argentina's fanatically secretive President Hipolito Irigoyen to sign rich, special agreements without consulting the Argentine Congress. "Even members of the President's Cabinet," said La Nation indignantly, "knew absolutely nothing of what was afoot...

Author: /time Magazine | Title: Foreign News: Trade Embassy | 9/23/1929 | See Source »

Another who hates parting with actual coin of the realm is President Hipolito Irigoyen of Argentina. Almost since his inauguration last October he has refused to sanction payment for government bills contracted with "serious irregularities" by his predecessor, President Marcelo T. de Alvear (1922-28). Last week two new Argentine destroyers were ready for delivery in British shipyards. A transport with a crew of 800 officers and sailors had arrived at London docks, ready to take over the war boats and sail them back to Buenos Aires. Unfortunately President Irigoyen had neglected to send any money. As Horatius defied...

Author: /time Magazine | Title: ARGENTINA: Parsimonious President | 7/29/1929 | See Source »

...Navy was not the only sufferer from President Irigoyen's dislike of spending. Buenos Aires' La Prensa announced that the National Government owed nearly 34 million dollars to local firms...

Author: /time Magazine | Title: ARGENTINA: Parsimonious President | 7/29/1929 | See Source »

Unmoved, parsimonious President Irigoyen continued not to spend. He announced that he would authorize no payments until all the contracts let by the previous administration were reexamined. In vain irate creditor firms throughout the world protested that their contracts had been authorized by the Argentine Congress and are binding, even mandatory upon the Treasury. The essential fact is simply that President Hipolito Irigoyen is the absolute and irresponsible "political boss" of Argentina. When he chooses to pay there will be no difficulty, for receipts and surplus in the Argentine Treasury are adequate, even above normal. Friends of Argentina hoped that...

Author: /time Magazine | Title: ARGENTINA: Parsimonious President | 7/29/1929 | See Source »

Exactly the opposite stand was taken by President Hipolito Irigoyen of Argentina. Though besought by Woodrow Wilson to declare war on Germany, and though beseeched by his own Senate and Chamber of Deputies to do so, stern Dr. Irigoyen kep Argentina out of war. Recently grateful Argentines re-elected him President, while Woodrow Wilson lies discredited and dead, and Wenceslao Braz has been thoroughly forgotten...

Author: /time Magazine | Title: SOUTH AMERICA: On the Map | 12/24/1928 | See Source »

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