Word: embargo
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Prisoned in Germany by the Reichs-bank's embargo on exports of gold and foreign exchange are millions of marks owed to the Fatherland's foreign creditors, notably to such U. S. banks as Manhattan's Chase National. The only way the U. S. banks can move these "blocked marks" is to sell them at a discount in dollars (usually 15%) to tourists or merchants who need marks to spend in Germany, Last spring the North German Lloyd and Hamburg-American ("Hapag") Lines began to accept blocked marks in payment for passage. Passengers who paid in blocked...
...polled twelve times their strength in 1931. Observers admitted that the Tyrol was probably 75% pro-Nazi. Since then has come Chancellor Dollfuss' personal success at the London Economic Conference, the patriotism campaign, the winning of the right to increase Austria's army, Germany's virtual embargo on tourists to Austria, her unbelievably stupid border skirmishing in which she alienated thousands by killing several Austrian frontier guards, and the active fortification of the Austrian frontier (TIME, Sept. 18). Last week tight-lipped Major Emil Fey, Minister of Public Safety, was able to crow to correspondents...
Shipped out of New York last week was $347,000 in government gold, the largest single export (exclusive of foreign ear-markings) since the President's embargo. In France, Italy, Belgium and other gold-standard countries it was to be used to make the government paychecks of Ambassadors, Ministers, diplomatic secretaries, consuls, military & naval attaches, clerks, stenographers and messengers worth their face value in gold dollars...
...regulate transactions in credit, currency, gold and silver by invoking war time powers to the extent of placing an embargo on gold or foreign exchange...
...Embargo. Because cheap goods from abroad may undermine the U. S. market and defeat domestic recovery, the President is authorized to embargo any and all imports...