Word: bartering
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...Judge Charles E. Woodward, deaf to entreaties, fined Bribee Rowbottom $2,000, sentenced him to a year and a day in the Federal penitentiary.* Said Judge Woodward to Rowbottom before the bar: "You have betrayed your constituents and cheapened public office. The Court cannot condone the flagrant and cynical barter and sale of public offices. The sentence must be of such nature as to deter other Congressmen from such practices...
...Palm Sunday big, breezy William Wrigley Jr., Chicago gum tycoon, got an idea about cotton. On Monday he developed it. On Tuesday he announced that his company would (in effect) barter gum for cotton in the south, would use all sales receipts in that territory to buy up to 100,000,000 Ib. (200,000 bales) of cotton during the next eight months. The market price would be paid, provided it did not exceed 12? per Ib. Last week in the spot markets of the South cotton was selling around...
...when cotton dropped to 5? he stepped in as a cotton purchaser with his Southern sales receipts. The War started cotton on its historic climb to 40? per Ib. Mr. Wrigley sold without loss (he has never admitted making a profit). Again last December he announced the same barter plan for wheat in the Canadian provinces of Manitoba, Saskatchewan and Alberta. His company promised to buy out of its sales receipts 1,000,000 bu. at not more than 65? per bu. By last week 500,000 bu. had been thus purchased at an average price...
...Barter. Last week General Italo Balbo's squadron of transatlantic seaplanes (TIME, Jan. 19) flew on from Natal to Rio de Janeiro, whence it was reported that the eleven Savoia-Marchetti ships would be delivered to the Brazilian Government in exchange for $618,420 worth of coffee...
...unwarranted fear of being thrown out of work. Employes must be made to realize that the most certain way of being able to hold their present jobs is to renew spending. . . . If we were to entirely eliminate money from our calculations, and think of business only in terms of barter and trade, we would realize that even without money business would be at a standstill if people refused to barter and trade. . . . It can hardly be expected that three days of unusual spending brought about by the adoption of this plan will prove to be the solution to all present...