Word: embargo
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...gold standard? Foreign governments could withdraw less than $700,000,000 of our gold, which would leave us an ample fund. . . . The suggestion that we may devalue the gold dollar 50% means national repudiation. It means dishonor! It is im- moral! . . . There never was a necessity for a gold embargo, for making statutory criminals of citizens who may please to take their property in gold out of banks. . . . "If there were need to go off the gold standard, very well, I would say let us go off. But there has been no need. If there were need for currency expansion...
...Britain's embargo was not to take effect until April 26. It was for three months only. By unofficial count 80% of Soviet imports would be affected. Experts scanning the list announced that only 50% of last year's Russian imports would be affected. Parliament could not face the idea of banning caviar or sables from Britain-even for three months. Omitted too were the important imports of matches, fish, eggs. And the Government, by means of "observers" and "unofficial spokesmen," scattered hints broadcast that the embargo, although cocked & aimed, would not be fired if the sentences...
...Soviet Foreign Trade Commissariat was more brusque. Retaliating against Britain's embargo, they declared a counter-embargo against British goods. This was to be no 50-80% embargo but a complete stoppage of the importation of British goods of any description. Three riders to the Russian embargo made it even more stringent...
Here was a real load, but it was not to be fired until the British embargo began. Soviet trade commissars privately hoped it never would. In 1932 British exports to Russia were valued at only ?9,000,000 against ?19,000,000 of Russian exports to Britain...
...evidence through the fairness of legal procedure. . . . Taking the whole history of the case and the passion raised on both sides the court seems to have tried according to its lights and has been conciliatory. ... In no case will the Government be justified in employing force in applying an embargo on Russian imports or breaking off diplomatic relations...