URUGUAY: Terra Torpedo

In record time last week one of the most important treaties ever to be signed by one of the 21 American States was torpedoed by one of the smaller men in one of the smaller major American States. Hardly was the ink dry on the Pan-American Conference's unanimous resolution to eschew barter-trade deals with the European dictator nations, when small but rich Uruguay O. K.d a deal with Italy which, swapping wool for armaments, is expected to treble trade between the countries.

Nub of the situation was that stocky Dr. Gabriel Terra was...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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