Business & Finance: Pope on S. A. Bonds

Emperor Dom Pedro II of Brazil lost his throne in 1889. Extravagant and profligate, royalty disappeared from the new world but the finances of Brazil in particular and South America in general failed to improve. In the 1890's every South American country except Chile defaulted on its government bonds and on most subdivision issues as well. Last week in Manhattan Allan Melville Pope recalled these trials of the past generation in a speech before the British Empire Chamber of Commerce. President of Investment Bankers Association of America and executive vice president of Boston's...

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