Word: cottons
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Dates: during 1930-1939
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Imponderables. Over & above the legislative mischances which may rise from the President's program and the disruptions within Congress, are two great unknowns. One is the actions of the Supreme Court. With decisions on AAA and the Bankhead Cotton Control Act close at hand, with decisions on the Guffey Coal Act. the Public Utility Act, the Labor Disputes Act in the offing, the possibility of one or more New Deal upsets means that at any time Congress may turn to tackle new legislative problems...
...Italian and other foreign concessionaires for suckers until Benito Mussolini gradually evolved his theory that the White Race is being aggressively menaced and must recover the dynamic attitude of Victorian England or ultimately suffer eclipse. Japan, during Depression, secured virtually the whole of Ethiopia's import business in cotton piece goods, while Italians were supplying Haile Selassie with a powerful radio station at cut rates. As soon as it was in working order, His Majesty turned around and fired the whole Italian staff of technicians, made a sucker out of the great Italian electrical firm of Ansaldo Lorenz...
...warfare. A tightlipped, poker-faced Baptist, Mr. Ivey is 50, a Georgia farm-boy with a law degree from Columbia University who was "reared between the plough-handles." 1886-1936 "At the annual meeting in 1886, Mr. Coolidge, then Treasurer, called your attention to the trend of [the cotton] industry southward. In 1889, 1891, 1896 and 1897 he stressed the same idea, pointing out the South's advantages in the low cost of labor, freight and taxes, and in few restraining laws. . . , "Despite attractive opportunities to liquidate, the management has carried or against what to some may seem sounder...
...England has lost its prestige . . . 80% of the country's cotton spinning is done outside New England. . . . [Our problems] are beyond the power of the management to solve...
...success is that he did not attempt to interfere with the foreign development of Venezuelan oil fields, so long as his personal "cut" was promptly paid. And he had the patriotism to reinvest all his loot in his own country. Gomez oil royalties went to build Gomez hotels, cotton mills, rubber plantations, model farms. When they failed he sold them to the Government. When they succeeded he kept the change. For years the legend persisted that Dictator Gomez kept a yacht with steam up night & day in case it should ever be necessary to flee the country. Most authorities doubt...