HAITI: The Take

As President of Haiti from 1950 until he was forced out of office last month, Paul Eugene Magloire was able to spare enough time from his official duties to become a spectacularly successful businessman as well. With Magloire in Jamaican exile (TIME, Dec. 24), Haitians last week were learning for the first time the full extent of his success. Estimates of the take ran from $12 million to figures higher than the country's 1956-57 budget of $28 million. Last week Joseph Nemours Pierre-Louis, Magloire's temporary successor, slapped all Magloire's assets into trusteeship and started an inquiry into the President's riches.


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