Word: bartering
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Just now buttons, shoes, dress goods, fountain pens and other articles of culture on which Russians have had to skimp for 20 years, are momentarily abundant in Moscow, having just arrived from Japan in barter-payment for Russia's share of the Chinese Eastern Railway (TIME, March 25, 1935). Long queues of buyers at once formed but Soviet police, as usual, shortened them by the old device of arresting as "speculators" persons who bought more than one or two articles. Sentenced to five years in jail was a Moscow housewife who had bought only one pair of shoes...
...practice the "special" feature of Aski Marks has been that they were only released or unblocked for transactions which the Nazis consider "essential." Last week these were killed, so far as the U. S. is concerned, when Dr. Schacht completely suspended payments in Aski Marks. He also killed "Barter Marks." In the past more than 50% of all German-U. S. trade has been conducted in Aski Marks for "essentials" and Barter Marks for "nonessentials." To wipe out these two was to deal deadly blows to trade. Yet Dr. Schacht followed with a third wallop which put out of action...
Broader Schacht facts were that in the past two years Germany has become Hungary's best customer, the greatest exporter to and buyer from Yugoslavia. By Schacht barter deals, Germany is now selling the Balkan countries manufactured goods, possibly at as much as 50% below cash prices in exchange for their raw stuffs. French heavy industry, which used to have Yugoslavia economically in its pocket, is gradually being frozen out. With a Radical Cabinet now ruling France, conservative or reactionary Balkan regimes look increasingly to Berlin...
Year after year, baseball magnates gather to barter clubs and players. Year after year, motormakers convene in Manhattan to show their cars. And year after year, when A. N. P. A. members gather, it is equally foreordained that they will spend most of their time talking politics and making a big to-do about the freedom of the U. S. Press. Events of the past twelvemonth had so disturbed the publishers about their freedom that scholarly Arthur Hays Sulzberger of the New York Times found himself distinctly in the minority when he mildly remarked: "Unlike some...
...there are some brilliant spots along the drab, flat thread. It's fun to have a chuckle at pompous, helpless royalty a is "Jubilee," but nobody gets very excited over royalty now-a-days. It's fun to pursue the intricacies of the barter system; to see a man pay for a meal with a chicken; get two chicks and an egg an change; flip the egg to the waiter for a tip. It's positively delightful to see a Gallic jibe at our own despot: to see all the new hats tossed into the river to improve...