An international tribunal in Paris ruled on a border dispute between Venezuela and British Guiana (Guyana). Britain received most of the claim for the Essequibo region, close to 111,000 square miles. Venezuela was represented by 2 U.S. judges and the chairman of the panel was Russian jurist Frederic de Martens. Venezuela rejected this decision in the 1960s.
Cipriano Castro served as president of Venezuela.
Venezuela's 1st oil gusher was drilled near Lake Maracibo.
Spanish and Portuguese (common in Mexico): probably from a reduced and altered form of the personal name Elisardo.