EL SALVADOR: No Loans

Swarthy peons, white-suited coffee planters and their families swarmed into San Salvador one day last week to celebrate Independence Day, 116th anniversary of the little nation's liberation from Spain. Crowning the day's ceremonies was the bestowal by the Chamber of Deputies on the curly head of El Salvador's Dictator, President General Maximiliano Hernández Martínez, the high-sounding title, "Benefactor of the Nation."

Little El Salvador is admittedly hard up for money, so Benefactor Martínez is hailed by virtually all 1,600,000 Salvadorians for his tightfisted economies during his six-year regime. He led off with...

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