CHILE: Down to Business

Jorge Alessandri, Chile's industrialist-President, is determined to run his country on the same hardheaded business principles that he formerly used to run its prosperous paper monopoly. Last week a broadside bill giving Alessandri absolute control of Chile's economy for one year sailed through the Senate and headed back to the Chamber of Deputies for approval of its Senate-added amendments.

The bill authorized Alessandri to grant a once-and-for-all nationwide wage adjustment, reorganize the tax system, fire civil servants, establish a new monetary system, modify the nation's banking. He will also be empowered to reorganize public utilities, consolidate government or semi-government agencies, control...

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