Business: Personnel: Jan. 22, 1934

¶Depression hit the sugar industry not four but eight years ago, and when Depression hits sugar it hits Cuba. When Thomas Lincoln Chadbourne, Manhattan lawyer, came down from the North with a plan to get the whole world to cut sugar production, President Machado gave him practically plenipotentiary powers as representative of Cuba. With those powers Chadbourne argued the big sugar growers of the world to agree to world restriction. He got his cartel working just as Depression hit the world at large. When Cuba could stand no more Depression Machado was...

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