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...giant's pains has been partially, temporarily, deadened. For Standard Oil Co. of Indiana finally agreed that for 90 days it will curtail its Venezuela production and imports by 23%. This compares to a 25% reduction by Royal Dutch-Shell. Although independent oilmen have wanted a total embargo or at least a tariff, this voluntary partial curtailment of imports was welcomed by them. Coming a week before the meeting of the Federal Oil Conservation Board, it will give that body something concrete to work upon, said Secretary Wilbur...

Author: /time Magazine | Title: Business & Finance: Moaning Giant | 4/13/1931 | See Source »

...Embargo. If the Duff speech was somewhat stuffy all Canada was excited and agog last week over an Order-in-Council announced by the Hon. Edmond B. Ryckman, Minister of National Revenue. The O-in-C, a most drastic embargo, shut out of Canada virtually all Russian produce, including Soviet coal, wood pulp, lumber of all kinds, asbestos, furs...

Author: /time Magazine | Title: CANADA: Judge Duff, Reds, Wedding? | 3/23/1931 | See Source »

...years, has grown up with the oil industry in that state. In the Senate oil is his chief interest-the oil of independent producers as distinguished from the oil imported by the big refining companies. He battled for a $1-per-bbl. tariff and lost. He battled for an embargo on oil imports and lost. The close of the Senate session found him tall and stubborn, battling no less vainly for a resolution whereby a Senate committee would investigate the oil industry. Chief objector to this resolution was Pennsylvania's Senator Reed, good friend of Secretary of the Treasury...

Author: /time Magazine | Title: National Affairs: 71st's End | 3/16/1931 | See Source »

...Speaker's dais. Eleven of them were independents from Wisconsin, Minnesota, New York, who sought liberalization of the House rules as the price of party support. The other seven bolted as a protest against the Longworth leadership which had refused to bring up at the last session oil embargo legislation demanded by independent producers against the big importing companies. Representative-elect Harold McGugin announced from Topeka that he would vote Democratic on House organization- a possibility which would produce a 217-217 tie to be broken by Farmer-Laborite Kvale. Three days later the death of Wisconsin...

Author: /time Magazine | Title: National Affairs: Kansas Revolt | 3/9/1931 | See Source »

...Passed a bill to broaden the Treasury's tariff embargo power against goods or raw materials produced by convict, forced or indentured labor; sent it to the Senate...

Author: /time Magazine | Title: THE CONGRESS: Clock | 3/2/1931 | See Source »

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