BRAZIL: Friends Again

In friendly fashion, though not as if nothing had happened. Brazilian bankers gathered in bright, glamorous Rio last week to count the monetary cost of Brazil's ''bloodiest civil war in South American history" (TIME, Oct. 10).

Both the Federal Treasury and that of revolting Sao Paulo State started to print money as soon as the war began last July. "We issued more than 50,000,000 milreis," admitted the Paulista bankers. "We issued 400,000,000." confessed Rio's moneymen. But what is a total of 450,000,000 milreis ($32,400,000) between friends?

The great fact last week was that...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!