Word: americanize
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Dates: during 1920-1929
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Thus from Amsterdam, Antwerp, London came the sound of many voices mourning the loss of a record Christmas buying season, blaming the recent stock market crash. In Manhattan, arose voices to differ with them. Authoritative among such voices was that of Walter N. Kahn, agile, dark president of the American Diamond Cutters Manufacturers Association, envoy from them to the U. S. Senate Finance Committee. Master diamond cutter is Mr. Kahn, able to instruct his many workmen to such good effect that diamonds cleave well, cut well, in trade parlance "run" well for him. Mr. Kahn blamed the unsettled state...
...appointment of a Great Man as Tsar, inasmuch as Great Man's influence, presumably exerted in sympathy with the program of the large oil companies, might give production restriction an irresistible impetus. But where-ever discussion was unofficial and unpublished, delegates to the tenth annual meeting of the American Petroleum Institute talked of Sir Henri Wilhelm August Deterding, of Royal Dutch, of price wars and of invaded territory...
...said to newsgatherers: "We will continue to sell and meet competition in the States or wherever it arises. We never have compromised and we never will. . . . We create no price wars but we are able to, and will, meet all price competition. Our companies fear no one, not even American competition, and there will be no compromise...
...with Standard of New Jersey in its pre-dissolution period. In more recent years he has (despite his non-compromise statement) preferred peace to war, as witness his agreement (in March) with U. S. oil interests concerning the marketing of Russian oil. In April he sat in on an American Petroleum Institute oil restriction program, gave tacit approval to U. S. attempts at oil rationalization. But the restriction program, in its nation-wide aspect at least, fell through, and in August Sir Henri suddenly shocked U. S. oilmen, particularly the Standard Oil Company of New York, with an invasion...
...other hand, although the government failed to endorse the American Petroleum Institute's national program of oil restriction, oilmen have made marked progress through state-by-state restriction agreements. There is no overproduction problem in Pennsylvania fields; Texas oilmen have on the whole cooperated enthusiastically with the restriction plan; encouraging progress has been made in the Mid-Continent (Oklahoma) fields. California, however, is the crucial point. California increased its production 40% in 1929 and now produces 30% of the U. S. output. Last summer the California legislature passed the Lyon Act, a measure ostensibly designed to prevent wastage of natural...