Word: cottons
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Dates: during 1930-1939
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...British materials would be stored off the market for seven years, used by the Governments during that time only in case of war. The U. S. got 85,000 tons of rubber, about one-fifth of a peace year's consumption. Britain got 600,000 bales of cotton, almost half as much as she now buys from the U. S. in a year...
Only 30,000 tons of the rubber are now in stock in Singapore; the rest must ooze out of trees, be dried and baled for shipment. The U. S. cotton is but 41% of the 13,700,000-bale mountain held by the Government. To release it, Congress has only to authorize Commodity Credit Corp. to dispose of it at less than the prices loaned on it to U. S. planters. Joe Kennedy, old-time Wall Street trader, felt tickled that he had saved his country about $6,000,000 on a $30,000,000 purchase, also that half...
...Unless it is tendered on the point of a bayonet, a Japanese yen-backed note from the new Japanese-dominated North China Federal Reserve Bank is not honored at face value. Last spring in the Japanese-occupied areas of North China, the Chinese mysteriously forgot to plant their usual cotton crop. Unless the Japanese can debauch the Chinese in captured sectors with opium, as they are trying to do, this sort of passive resistance might go on for decades...
...army must now rely are potentially wealthy. Szechwan, with an area of 155,000 square miles (approximately the area of California), is rich in gold and oil, and its 52,000,000 people produce four harvests a year. Rice, wheat, barley, millet, tobacco, sugar cane, corn, beans and cotton make up its harvests. Neighboring Yunnan has tin, copper, iron and coal, and its mulberry leaves are juicy enough to nourish a great silk industry. Kweichow is up-tilted country, good for cattle raising and orchards...
1.Shell cheap " Travel Dollars" to forign tourists. 2. Barter American manufactures for Brazilian coffee. 3. Dispose of surplus cotton by dumping it abroad. 4. Institute a "Commodity Dollar." 5. Increase tax rates against corporations refusing to cooperate in the social security program...