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...that those who supported the La Follette anti-third-term resolution during the Coolidge Administration will be very glad to support a similar resolution now." ¶ Cartoonist Norman (William Norman Ritchie) of the Boston Post, more blunt, drew a chortling Franklin Roosevelt unctuously declining a third-term cup of cocoa in the New Deal cafe (see cut). ¶ Recovering with a bounce from his primary defeat, Representative Maury Maverick of Texas wrote a piece for the Philadelphia Record. Excerpt: "Calling all progressives! Calling all liberals! Stop your telegrams telling me how sad it was that I got beat...

Author: /time Magazine | Title: National Affairs: Third Termites | 8/8/1938 | See Source »

...Germany held third place in exports to Brazil, U. S. first, Great Britain second. That year Nazi barter economics started in earnest in Brazil. Germany bartered for Brazilian cotton, coffee, cocoa, gave in return machinery, iron and steel, manufactured products. In 1936 Germany rose quickly to first place as Brazilian exporter, held it through...

Author: /time Magazine | Title: BRAZIL: Profits & Barter | 7/4/1938 | See Source »

...treaty a quota is placed on the amount of some products Germany can buy in Brazil with the "compensated" marks. Early this year she used up all the compensated marks allowed for buying Brazilian cotton. She then pulled an economic trick by buying 300,000 bags of quota-free cocoa with compensated marks. Brazil can easily sell her cocoa in a free world market for good currency. By this "purchase" Germany 1) tried to flood Brazil with compensated marks so that Brazil would be forced to buy more German merchandise, 2) tried to produce a temporary world scarcity, thereby raising...

Author: /time Magazine | Title: BRAZIL: Profits & Barter | 7/4/1938 | See Source »

...Cocoa...

Author: /time Magazine | Title: Letters, Apr. 18, 1938 | 4/18/1938 | See Source »

Last year he set up in England a Gold Coast and Ashanti trading company for direct trade with the Gold Coast, went to Manhattan to set up another trading company, and when he is done he will set up a third in Holland. Meanwhile, supervision of the cocoa burning is left to an organization with the name of the Gold Coast and Nigeria Hold-Up Committee...

Author: /time Magazine | Title: Business: Burnt Cocoa | 3/14/1938 | See Source »

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