New Britain herald., 1930-10-11
NEW BRITAIN DAILY HERALD, SATURDAY, OCTOBER H. 1880
AMERICAS STILL
 QUITE UNSETTLED
Major Underlying Cause of Un-
 rest Held Economic

Washington, Oct Il (UP)-The political hurricane which has swept Latin America since December, causing revolt or cabinet cirses in 10 countries, has not yet entirely abated according to the private views of many diplomats and inter- national authorities here.
 While civil war rages in Brazil, the executive power in other coun- tries tends to gravitate into the strongest hands, and if rumors Of possible revolt in several other countries do not materialize, it will be due to the fact that the "ins' have been able to dominate their challenging rivals.
 Washington, committed to policy of n-interference in the great po- litical drama. observes the series of developments with a keen realiza- ton that the major underlying cause is economic. Until world mar kets can again absorb Latin Amerl- can commodities in larger quanti- ties and at normal prices the opti- mism expressed here is more or less perfunctory and professional.
 On the other hand, Latin Ameri- can countries are noted for courage and recuperative capacity, and each country with the passing of the crisis has set about energetically to improve administration and strength en it's economic establishment as far as possible.
 Economic Factors
 Latin American prosperity is de- termined, in different countries, by the prices of coffee, sugar, tin, wool, hides, silver cotton, cacao, cereals, copper and petroleum, and with prices from 10 to 50 per cent below last years figures the national economic strain was inevitable.
 Such strain, reflected in lower governmental revenues and reduced national incomes, confronted prac- tically every government with a challenge to it's efficiency and en- durance. When the upward trend of comm odity prices is resumed, po- litical tension will tend to relax.
 The thought of experienced inter national observers here, as expressed privately, concerning the situation iil some of the Latin American coun- tries, is substantially as follows:
 Argentina emerged from her na- tiona) crisis with her economic and political prestige unimpaired but the evolution of economic and political reforms contemplated by the new government tends to be handicapped by the depression in countries to which she ships her immense exports and by the tenacity of foreign in- vestors to regard Latin American bond issues in a single block.
 Brazil Thought Safe
 Concerning Brazil foreign opinion already is reconciled to the possibil- ity of protracted internal strife; but the present opinion here is that the federal government, because of the Aoya ally ol lilN liof J tAild tllS leIi s Si part of the army, will eventually dominate the situation.
 President Ibanez' government in Chile is regarded as meeting the prerequisite of innate strength ne- cessary for it's stability, as indicated by it's quick suppression of a recent attempt at revolt.
 President Olaya, recently inaugu- rated, has pursued policy in Co., lombia calculated to strengthen for eign confidence.
 Venezuela is in a unique position, with virtually no foreign debt, and only such economic problems as re- suit from low prices of coffee and cocoa.
 President Machados steps to pre- vent disturbances have been reas- surfing to foreign opinion. The per manent relief of political tension in Cuba is considered to depend large ly upon the effecting of electoral re- forms, which Machado has asserted he will recommend at the next ses sion of congress.
 The New York stock exchange has an assessed va 1uation of So2