High in the Andes, Chile and the Brothers Guggenheim are in business together digging nitrates from a vast arid plain. Their company, Cosach, was a major political issue in Chile last autumn and the Brothers Guggenheim were threatened with eviction (TIME, Sept. 14; Nov. 23). Last week smiling new President Juan Esteban Montero ignored a previous commission's philippic which demanded Cosach's dissolution,, and issued through his Minister of Finance a favorable report. Cosach was glad to hear it. The company needed money and could not get it while the inquiry in Chile was...
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