Word: veracruz
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Died. Lieut. General Julian Constable Smith, 90, durable Marine commander; in Arlington, Va. Smith fought his country's battles from the occupation of Veracruz in 1914 through World War II. He led the corps' 2nd Division in the bloody conquest of Tarawa in 1943 against suicidal Japanese resistance, coming ashore under fire at the height of the fighting because "it was my job to be on the beach. The men of my division had been through hell and they were entitled to the presence of their commanding officer...
Died. Adolfo Ruiz Cortines, 82, President of Mexico from 1952-58, who cleaned up undisguised corruption, restored confidence in the government and extended the right to vote to Mexican women; of a heart attack; in Veracruz. An accountant who entered politics during the revolution of 1910-21 as mayor of the port of Veracruz, Ruiz Cortines was Governor of the state of Veracruz in 1947 when he was appointed Secretary of the Interior by President Miguel Aleman. After his election to the presidency on a reform ticket, Ruiz Cortines published a list of his own assets, ordered his subordinates...
Hardest hit were the villages and small towns near Mexico's highest peak, the 18,700-ft. Orizaba volcano. In Veladero, a village of 2,000 people, only 20 of its 280 houses were left standing. In Orizaba, an industrial town near Veracruz, a three-story building was split in two, killing 19 people. Village after village offered the same vision of destruction and tragedy: young and old sifting through piles of adobe rubble, looking for something to salvage; men balancing wooden coffins on their heads, on the way to pick up their dead...
...that money, probably given as cash, next appeared in the bank accounts of Gulf Resources & Chemical Corp. Its president, Robert H. Allen, is chairman of the Texas finance division of the Nixon re-election committee. G. R. & C. transferred the money to a subsidiary in Mexico, Compania de Azufre Veracruz, S.A. This firm, in turn, gave it to one of Allen's attorneys, Manuel Ogarrio Daguerre, of Mexico City. Ogarrio converted the $100,000 check into $11,000 in cash and four bank drafts, apparently related to the size of the original gifts. An unidentified courier carried the money back...
Price of Popularity. For Gulf Resources, profits of any amount are a relatively recent phenomenon. Founded in 1956 and armed with a concession for mining sulphur in the Mexican state of Veracruz, the company produced too little and borrowed too much, found itself deep in debt. When Allen, a former certified public accountant who had joined the company soon after its founding, became its president in 1960, he paid off the debts with company stock, brought in a new production man to raise sulphur output above the breakeven point. Within a year, the company showed its first profit...