SEVENTEENTH STREET AND CONSTITUTION AVENUE NW., WASHINGTON, D. C., U.S. A. CABLE ADDRESS FOR UNION AND BULLETIN "PAU." WASHINGTON English edition, in all countries of the Pan American Union, $2.50 per year 44 66 2.00 An ADDITIONAL CHARGE of 75 cents per year, on each edition, for subscriptions in countries outside the Pan American Union. Single copies, any edition, 25 cents each. TABLE OF CONTENTS Page The Past and Present of Ocean Shipping in the Americas___ By C. Keech Ludewig, Assistant Foreign Trade Adviser, Pan American Union. HIS EXCELLENCY DR. EUSEBIO AYALA, PRESIDENT OF PARAGUAY Ο DR. EUSEBIO AYALA, PRESIDENT OF PARAGUAY N August 15, 1932, Dr. Eusebio Ayala was inaugurated President of Paraguay for the 4-year term ending in 1936. It is the second time that he has been Chief Executive of his Nation, for in 1921 he was called from retirement to take office as Provisional President for two years during a period of political readjustments. Doctor Ayala was born in Barrera Grande, Paraguay, on August 14, 1875, and educated in Asuncion, where in 1900 he received the degree of doctor of laws and social science. During the years immediately following he taught, practiced law, and gained business experience in journalism and banking, an early training which gave him a varied and well rounded preparation for his later achievements. He entered politics as a member of the National Chamber of Deputies, of which he was chosen president in 1910. Later he represented the Capital on three separate occasions in the Senate, being a senator when elected to the high office he now holds. He has also been a cabinet minister, holding the portfolios of the Treasury, Public Instruction, and Foreign Relations, respectively, under different administrations. Among the offices of international character which Doctor Ayala has held are: Vice president of the Inter-American High Commission (Paraguayan Section); member of the American Institute of International Law and of the International Commission of Jurists; delegate to the Hague Conferences on Bills of Exchange (1910 and 1912), to the Second and Third Pan American Scientific Congresses (191516 and 1925), and to the Pan American Financial Congresses of 1916 and 1920; and Minister to the United States in 1925. |