NICARAGUA: No War

President Calvin Coolidge appeared to Nicaraguans last week to have assumed frankly and even conscientiously the role of Dictator in Nicaraguan affairs. The President's personal representative in Nicaragua (TIME, April 18), one-time Secretary of War Henry Lewis Stimson, conferred with the leaders of both warring Nicaraguan factions and meted out to them peace terms.

Nicaraguan President Adolfo Diaz, recognized by the U. S., has been consistently in such close harmony with U. S. nationals that he obtained last March a loan of $1,000,000 from the...

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