Word: bartering
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...South after Mr. Hoover took office. But he was to be disappointed because the President planned a great political reform below the Potomac. The "white trash"' which constitutes Southern Republicanism must be replaced by a better element. The old barter of Federal jobs must cease and only worthy citizens appointed to office. The White House door was firmly closed on Col. Mann and his traditional ideas of Southern patronage...
Unable to find foreign purchasers for its wheat, the Federal Farm Board last week reverted to an antique form of barter to help reduce its surplus. Into the Brazilian Embassy on 18th Street marched George Milnor, who as general manager of Grain Stabilization Corp. is official custodian for some 200,000,000 bu. of U. S. wheat. There he was greeted by suave, dark Ambassador Rinaldo de Lima e Silva. After exchanging amenities, they sat down together at a table, squiggled their names to a document. When they got up and shook hands, the U. S. had contracted to trade...
Originators and executors of the barter idea were two New York private bankers of the younger generation-William Henry Hamilton Jr. and his partner H. Charles Winans. Mr. Hamilton is Samuel Vauclain's widower son-in-law. Mr. Winans' wife is smart Novelist Katharine Brush (Glitter, Young Man of Manhattan). Both men used to be with Guaranty Trust Co. Partner Winans knew Brazil through having held a post there for White, Weld & Co. The idea of a direct barter between the U. S. and Brazilian Governments occurred to Banker Hamilton one evening last winter after a meeting...
Partner Winans skillfully conducted the negotiations in Brazil, beginning several months ago. Secrecy was essential. Under the saucy nose of Empire Salesman Edward of Wales, under the noses of Argentines and Russians with mountains of wheat for sale or barter, secrecy was kept, the two partners and their friends communicating in code. At the last moment came a scare: the Russians, having traded wheat for Italian fruit, had the same idea. They would dump the coffee they received into the U. S. market instead of marketing it in an orderly way. U. S. coffee men who had been taken into...
...African mines (Roan Antelope, Rhokana and N'Kana) start production. Katanga, big Belgian Congo producer, is now working and has curtailed 10% to cooperate with the U. S. producers. But last week reports said U. S. coppermen no longer regard Katanga as a threat, would rather compete than barter with...