President Carlos Ibañez went out to battle last week with the multilateral Electric Bond and Share Company (Ebasco) of New York. He did not win, but he made an effective gesture.
In 1928 omnipotent Ebasco bought concessions from London's Whitehall Investment Co. to operate tramways and provide light and power for the Santiago-Valparaiso territory. Contract and concessions disappeared into a twilight world of lawyers, politicians and congressional committees. Last week, curiously emended, they reappeared on the desk of President Ibañez. Instead of being limited to city lights and trolleys, the contract is now designed to embrace practically all the...
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