LATIN AMERICA: Agusto's Agony

President Agusto B. Leguia, Peru's malevolent despot, complained to U. S. Secretary of State Charles E. Hughes that a bold, bad bunch of bankers, operating under the name of the Guaranty Trust Co. of Manhattan had been openly discouraging American loans to Peru.

It had long been alleged that the political security of Senor Leguia depends upon the number of North American financial mice that he can catch in his trap. The Guaranty cat having frightened all the mice away, Senor Leguia roared, ranted and raved, then wrote to .Mr. Hughes in Washington....

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