Word: exports
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Dates: during 1930-1939
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...George N. Peek, who got out of the Agricultural Adjustment Administration because he felt that the U. S. farmer would be the loser by Brain Truster Tugwell's plans for restricting production, was brought back into the Administration fold on his own terms. He agreed to head the Export-Import Bank founded to promote Russian trade. Later he was also expected to take command of two other unformed banks, one to promote trade with Cuba, the other, trade with the rest of the world...
...farmers' interest, to which I have devoted myself for at least a decade. I have said on many occasions that I am in politics for agriculture, not in agriculture for politics. I call attention to the fact that for many years I have advocated expansion of our agricultural exports. . . . Increased export of agricultural products to some countries is possible to some extent in spite of existing handicaps, while exports of industrial products alone are possible to certain other countries. Both types of exports can benefit the farmer...
...huff last autumn. Professor Oliver Mitchell Wentworth Sprague resigned as money adviser to the Treasury. Since then he has returned to his chair at the Harvard Business School, has been retained as foreign exchange and trade adviser to General Motors Export Co. and has attempted to create "an aroused and organized public opinion," which he said was the only "defense from a drift into unrestrained inflation." Most conservative businessmen regarded him as their best friend and stoutest ally. Last week they were shocked and startled when Professor Sprague turned around and let fly at them because they "were not ready...
Henry Herbermann did not remain a truckman for long. For some $60.000 he bought and became president of Export Steamship Corp., which operates between New York and the Mediterranean. When after the War the Federal Government set out to restore the U. S. merchant marine to its oldtime glory by means of mail subsidies and cheap construction loans, Exporter Herbermann got the first mail contract. His subsequent activities were aired last year before the Senate committee investigating air and ocean mail contracts. Discoveries: 1) the Shipping Board spent $1,825,000 to repair 18 ships which it sold bolt...
Last week Henry Herbermann was unceremoniously ousted from the presidency of his company. The Shipping Board's credit expert, appointed to investigate lines in debt to the Government, had decided that Export needed a thorough shakeup. Summoned was brusque William Hugh Coverdale, financial engineer, president of Canada Steamship Lines, to take the presidency of Export. Exporter Herbermann was made vice president, will cooperate with the new management in paying off the loans he contracted...