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...free world's copper, some 25% of its germanium, 65% of its cobalt. Throughout the Congo, La Générale's subsidiaries still act as the prime exporters and importers, miners and managers, and are a mighty force in autos, oil, cotton, sugar, rubber, real estate, banking and insurance. La Générale's Congo investments produced 44% of the company's profits of $10.5 million last year, and this year's earnings are expected to be at least as handsome...

Author: /time Magazine | Title: Business Abroad: The Belgian Queen | 12/8/1961 | See Source »

Clement still hopes to resume his work Cuba in a few years, according to colleague. The only American at the Adkins Gardens and Research Laboratory, Clement was studying the botany of genetics of cultivated cotton...

Author: By Robert E. Smith, | Title: Corporation Vote Ends Cuban Research Project | 12/2/1961 | See Source »

...time there was a rich country whose President made eloquent speeches about what a happy world it would be if the merchants of all nations could trade their goods freely and without hindrance. But in the President's country there were some people called voters who raised cotton. Some of these voters were wealthy men with big farms in the sprawling West, but many of them scratched only a bale or two each year out of the harsh red clay of the South, and these could not earn much money. So to help them, the government promised to make...

Author: /time Magazine | Title: Public Policy: Bedtime Story | 12/1/1961 | See Source »

Instead of saying "Thank you," the growers complained anew: "How can we sell our cotton to the foreigners if the price is so high?" So the government said: "Don't fear-you sell your cotton to those foreigners at the price they are willing to pay, and we will pay you another 8½? for every pound you sell." Well sir, no sooner were the growers of cotton mollified than the makers of cotton cloth and yarn and clothing began to moan. "All those foreigners," they wailed, "are buying our country's cheap cotton and making it into...

Author: /time Magazine | Title: Public Policy: Bedtime Story | 12/1/1961 | See Source »

...that, the President scratched his head-remembering, perhaps, that the makers of cotton cloth were also voters. And so he ordered the wise men of his Tariff Commission to consider whether they should not put a tax of 8½? on each pound of cotton in the cloth that the foreign merchants sold to the President's country. The wise men of the Tariff Commission knew that such a tax would not satisfy the clothmakers of their own country, whose real hope was that the President would tell the foreign merchants straight out that they could sell only...

Author: /time Magazine | Title: Public Policy: Bedtime Story | 12/1/1961 | See Source »

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