Word: brazill
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...story of how the large picture reached that place is curious. When our old home in Newark, Ohio, was sold in 1893 the crated picture was sent to a brother in Colorado. His residence changed to California and in a short time he went to Brazil on an engineering project. The crate with the picture was in a warehouse during the earthquake and fire and later was taken down to the canyon on the small steamer which carried supplies to the lime company's colony and on its return carried the barrels of lime loaded from the wire tram...
Where the Dictator of China succeeded, the President of Brazil, vigorous Getulio Vargas, last week did even better. Washington last fortnight agreed to let China buy with silver an unannounced quantity of sterilized U. S. gold (TIME, July 19).* Last week President Roosevelt and Secretary Morgenthau gave Brazil the right to buy with U. S. paper currency up to $60,000,000 in gold. This coup for Rio de Janeiro marked the first time the New Deal has thus favored a foreign country excepting Britain and France. Mexico, like China, has been permitted to buy U. S. Treasury gold...
...Brazil is the second largest world export market in South America, and President Vargas has simply obtained a golden bagatelle for use in exchange operations to keep the Brazilian milreis pegged to the dollar at its present worth of about 6^. This pegging will be "within certain limits," Brazilian Finance Minister Arthur de Souza Costa and Secretary Hull announced at Washington, without disclosing the limits. Only as needed by Brazil will the $60,000,000 in gold be sold by the U. S. Treasury, a few millions at a clip. Although earmarked for Brazil it will not leave...
...German Ambassador in Washington, Dr. Hans Dieckhoff, has been keeping cat-like watch on the Brazilian-U. S. treasury negotiations. It is a more or less open secret that one reason President Roosevelt was so generous last week was to enable Brazil to buy more U. S. goods and thus get along with less of the German goods she has been taking with some reluctance under the dubious trade-promoting schemes which Dr. Schacht works with his various kinds of German marks. This week Adolf Hitler openly revealed his displeasure at the Brazil-U. S. liaison, declared that Washington...
...Argentine Republic has been able to launch a refunding program for its dollar bonds, selling 4% issues in the U. S. to pay off the old 6% series. All the rest of Latin America with dollar bonds outstanding is in default to some degree, ranging from partial payments in Brazil to complete default in countries like Bolivia, Costa Rica, Peru...