Word: chiles
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Eight shabby sedans, each driven by a grim-faced man, each freighted with five pretty, nervous and very young women, dashed and slithered over the mountain road from Chile to Argentina, plowed with whining gears through deepening snow, finally bogged down in a great drift just beneath the towering statue of "The Christ of the Andes...
President Alessandri of Chile last week decreed the liquidation of Cosach, the Chilean nitrate monopoly. Organized to enable the big producers of natural nitrates to pool their interests in the battle against synthetic nitrates and to give the Government a strong voice in exploitation of Chilean reserves, Cosach has been crippled by Depression. Two representatives of the Government and one of the Guggenheim Brothers will direct the liquidation...
Before the War the U. S. was entirely dependent on Chile for nitrates-basic ingredient of explosives and fertilizers. Last week France announced that U. S. producers of synthetic nitrates would receive a 10,000-ton order as their quota for the first quarter of 1933. With 50,000 tons already shipped in the first half of the fiscal year, U. S. producers (of whom the greatest by far is Allied Chemical & Dye Corp.) point with pride to the French orders as the largest ever exported by the U. S. to one country...
Putting the concession which he deems indispensable into one crisp sentence, President Alessandri said soon after his election: "Foreign companies in Chile which worked full time when returns were good must understand that they cannot consider discharging their Chilean employees now that times are bad!" Last week Chile's "Lion" made clear that this ultimatum stands. From a practical standpoint it has dominated for the past few months relations between such super-corporations as the Guggenheim nitrate colossus Cosach and the Chilean Government. Speaking off the record, Cosach President Whelpley is understood to have said recently: "If it were...
...regime. Reputed to have been a "bear" speculator when the Chilean peso was falling. Don Gustavo is in bad odor. He owes his Finance Ministry, say scandal mongering Santiagans, to a strategic investment made eight years ago when enemies of the "Lion of Tarapaca" chased Senor Alessandri out of Chile and left him with exactly...