PERU: Bantamweight Retrenches

With lips that drooped as ruefully as his white whiskers, President Augusto B. Leguia last week formed the words: "All contracts for construction of roads in the Republic will be suspended from the first of December 1929, during 1930.

Reason: Treasury funds are running low. It has proved impossible to raise a foreign loan to complete the Leguia good roads program.

Told by the President last week that the Treasury simply must have some extra money, the Congress promptly voted a 10% tax on its own salaries and on those of all other...

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