He has not been President of Mexico for six years, but heavy-jawed Plutarco Elias Calles is still The Jefe (Boss), the strongest man in Mexico. Last week Boss Calles rode high in his saddle. In an effort to end the country's financial difficulties he had himself mada President of the Bank of Mexico, became what Hermann Schmitz is in Germany: the country's "money tsar."
First act of Tsar Calles was to abolish the gold standard for Mexico, make the silver peso the only legal tender. Managing Director Alberto Mascarenas of the Bank of Mexico followed with the announcement that the entire...
To continue reading:
or
Log-In
