Evening star., 1932-06-21
Concern for Investments
In Chile Aroused by Changes

Rapid changes in the government of
Chile, with final control by Carlos Da-
villa. political figure known to Ameri-
cans. have been followed with keen in
terest by this country because of the
possible effect on investments. An
nounced purpose to eliminate radical
Communists. while creating a Socialist
administration under military control,
arouses much speculation.
Possibly Chile is not in favor of
thoroughgoing Socialism" says the
Philadelphia Inquirer, pointing out
that no government has yet tried such
an experiment save the Russian Soviet,
and that is now showing signs Of 'capi-
taliStic' tendencies" The San An
tonic Express observes that none ex-
poets return to the oligarchical sys-
tenn which prevailed from Colonial
times until comparatively recent years,
regardless of factional political strug-
giles" and records that South America
generally is watching developments in
Chile, which long was a conservative
stronghold. practically free from revo-
lutionary movements"
while frankly Socialistic in its
aims states the Indianapolis News.
''the junta that carried out a success
full coup did not reject an orderly ap-
proach toward fulfillment. This mod
Grafton reflected, from all signs, the in
fluence of Davila, who. when Ambassa-
dor to the United States, was not re-
gardcd as an extremist although SYM
pathetic concerning some revision of
prevailing economic doctrines, espe-
cially in his native land. The
comment of the press in surrounding
republics is that fundamental change
ic Inf. NIroy- fv,1y, - lzk
taxation policies"
Recalling the history OF President
Ibanez, who was forced to resign after
serious rioting in Santiago" and was
succeeded by Montero, elected President
in accordance with the Constitution,
the Boise Idaho Statesman comments:
1T is significant that Montero barely
defeated Arturo Allesandri, former
President, who had the support of the
Socialist, Democratic. Communist and
other left-wing parties. During the
election campaign there were disorders,
and another revolution inspired by the
left-wing groups was averted only aft
er considerable bloodshed. 1t seems safe
to predict that the government estab
lished by the most recent revolution
will have rough sailing, for it is unlike
" that the unrest can be curbed until
there is a sharp turn for the better in
economic conditions"
Considering the temporary setback
for Davila, which has now been re-
versed, the Rochester Times-Union
emphasizes the point that immediate
interest centers in the way the new
government plans to deal with the
large American holdings in copper
mines and the nitrate combine" The
Buffalo Evening News states that Da-
villa met opposition because he was too
much inclined to protect property, es-
pecially foreign interests" The fact
that Chile Is the last of the three
great South American countries "to re-
gain its political stability" Is asserted
by the Louisville Courier Journal, with
the comment as to prospects for the
future: The new regime is the old
regime back in power, but in consid-
erably different guise. Instead of a
military junta, form OF Fascism. it
poses as Socialist government,
though how Socialism will help Chile
In its present straits, when the worst
sufferers from the depression-Ger-
many, Austria, Australia and New Zea-
land-were Socialistic countries, is diff
ficult to fathom."
THE constructive work of synthetic
nitrate development" according to the
Toledo Blade, has been destructive of
the greatest industry in Chile's rainless.
arid region. Along with the govern
ments financial problems comes that
OF unemployment IN the nitrate beds
and copper mines. The new United
States copper rit viii augment Chile's