CUBA: $10,000,000 Diplomacy

"You don't seem to realize that I am a personal friend of the President of the United States," was the reputed parting shot of Ambassador Sumner Welles to President Ramon Grau of Cuba before Mr. Welles returned to Washington (TIME, Dec. 25). Last week President Roosevelt recognized the five-day-old Cuban Government of the Island's new President that shrewd old politico Colonel Carlos Mendieta put in by a coup d'etat (TIME, Jan. 29). Straightway the Colonel cabled to Mr. Welles, now Assistant Secretary of State in Washington: "I am particularly grateful to Your Excellency . . . for your noble...

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