CHILE: Sand in the Streets

To repudiate payment of most of Chile's foreign obligations and to "bust" the Guggenheim-controlled Cosach (nitrate trust) was the campaign pledge last week of two out of Chile's three leading candidates for the Presidency.

The third candidate won. Guggenheims, foreign bondholders and all U. S. citizens with Chilean interests breathed easier.

Even amid frenzied electoral strife last week, the Chilean Government lent friendly ears to U. S. Ambassador William Smith Culbertson. While the welkin rang with anti-U. S. slogans, he signed with Chilean Foreign Minister Luis Izquierdo an agreement, retroactive to May...

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