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Such was the biggest, best & boldest promise made last week by small, dapper Don Carlos Guillermo Davila whose recent coup d'ètat set up Chile's new Government (TIME, June...

Author: /time Magazine | Title: CHILE: Progressive Socialism | 6/20/1932 | See Source »

...back this airy promise with something solid for jobless men to chew on, Don Carlos ordered a half-million free meals served daily by the Government to Chile's unemployed. State pawnshops obeyed an order to return gratis sewing machines and all tools pawned by the "certified unemployed." Joyous crowds soon flocked around every pawnshop, roared "Viva Davila...

Author: /time Magazine | Title: CHILE: Progressive Socialism | 6/20/1932 | See Source »

...words partly borrowed from Abraham Lincoln, Chile's new President declared: "We have the absolute, full cooperation of the great mass of the people who want to see in this country a Government of the people, for the people and by the people...

Author: /time Magazine | Title: CHILE: Progressive Socialism | 6/20/1932 | See Source »

...carabineers gave each jeweler "compensation" in the form of a receipt which he could cash in paper pesos. Thus swank Weil's received a bit of paper on which a carabineer had scribbled "350,000 pesos." Marching bands of well-fed unemployed hailed "The First Socialist Government of Chile!" Plaintively Don Victor Navarrete, Minister of Public Works, complained, "The Government offices seem to be full of merely curious visitors," shooed out as many as possible...

Author: /time Magazine | Title: CHILE: Progressive Socialism | 6/20/1932 | See Source »

Socialist Finance. To organize Don Carlos' promised Three Companies and put all Chile's unemployed to work will certainly take time. But a few hours sufficed the Davila Government to take over the Banco Central, organized as the sole Chilean bank of issue after Princeton Professor Edwin Walter Kemmerer, famed "Currency Doctor" was called to Santiago. Last week the Banco Central was rechristened Banco del Estado and Finance Minister Don Alfredo La Garrigue spoke of inflating the Chilean currency by 200,000,000 pesos "which would be gradually withdrawn." Next he got down to the serious business...

Author: /time Magazine | Title: CHILE: Progressive Socialism | 6/20/1932 | See Source »

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