Magazine content is available exclusively for TIME subscribers.GUATEMALA: Square Deal Wanted
The Communists and agrarian reformers who run Guatemala's government grabbed 233,973 acres of the United Fruit Co.'s best banana reserve lands at Tiquisate last year, and blandly offered the company $594,572 in 25-year government bonds as payment. The company, which values the land at $15,854,849, cried "confiscation," and asked the U.S. Government for help.
Last week, after sending two protests to the Guatemalans without getting so much as an acknowledgment, the U.S. formally billed Guatemala for United Fruit's full claim. It was the biggest claim presented to any foreign government on behalf of a private U.S. firm since the...
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