In Chile's most gracious resort city the season was in full swing. Well-heeled Chileans and vacationists from foreign countries splashed in the green Pacific surf at Vina del Mar, took the summer sun on its white beaches 90 miles west of Santiago. Racing fans crowded the clubhouse and the rail at the Sporting Club to see Bromazo win the annual derby this week.
In the cream-colored Casino, two Syrian textile magnates risked a fortune at baccarat. Smartly dressed socialites played roulette with 100 peso* chips; their cooks were there, toorisking two peso chips on the wheel's turn. If the season...