BOLIVIA: Barter

When President German Busch carved Bolivia into a totalitarian state three weeks ago, he announced proudly that it was his own doing, that Rome and Berlin had not helped. Last week Bolivia announced a barter agreement with Germany. For German machinery, a 350-mile pipeline across the Gran Chaco, and an oil refinery in Paraguay, Bolivia planned to ship some $15,000,000 of goods, principally petroleum, to oil-hungry Nazis. The man who made the announcement was not mournful Dictator Busch, but his tough, roving-eyed sidekick and Minister of Mines and Petroleum, Dionisio Foianini.

Two...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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