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After ramrodding General Tire for 45 years, W.O. is not ready to retire. That was not the import of last week's shifts. While Jerry gets his feet wet in the presidency, his father will still be around asking questions like "Why the hell aren't you fellows making more money...

Author: /time Magazine | Title: INDUSTRY: Those O'Neils | 4/18/1960 | See Source »

...America is safe from damage by foreign goods." Thus warned James A. Chapman, president of the American Cotton Manufacturers Institute, in a speech last week to 1,000 industry leaders at the institute's annual meeting in Bal Harbour, Fla. Chapman called for "a reasonable system of import quotas-country by country and category by category...

Author: /time Magazine | Title: FOREIGN TRADE: A Rise in Exports | 4/18/1960 | See Source »

Fortnight ago, U.S. typewriter makers asked for a 30% duty with a $10 minimum on all foreign imports. They complained that typewriter imports have grown from 36,000 ten years ago to 470,000 last year, now account for 30% of the U.S. market. The fact is that U.S. makers themselves account for one-third of all typewriter imports from their own plants overseas. If typewriters are protected, a similar case could be made by automakers, electrical-equipment producers and other U.S. manufacturers who import products from foreign subsidiaries...

Author: /time Magazine | Title: FOREIGN TRADE: A Rise in Exports | 4/18/1960 | See Source »

Foreign Discrimination. Despite the rise in exports, many U.S. industries complain that foreign nations are moving far too slowly to ease trade barriers. Last week the French government took a step to ease restrictions, lifted import quotas on more than 100 products, including chemicals, phonographs, dictating machines and plywood, rubber and plastic equipment. By 1961 France hopes to end all quotas. But U.S. businessmen face some new restrictions, not only in France but in other nations...

Author: /time Magazine | Title: FOREIGN TRADE: A Rise in Exports | 4/18/1960 | See Source »

...leafed tobacco plant (Nicotiana tabacum) became known as "the divine herb" and "the princess of plants." But the foes of tobacco spied the devil's hoofs beneath the princess' skirt. King James I of Great Britain called tobacco "the lively image and pattern of hell," slapped on a big import tax. Louis XIII of France and Czar Michael I decreed penalties for smoking, ranging from death to castration, and Pope Urban VIII threatened excommunication for anyone found smoking in church or on church premises. A signer of the Declaration of Independence, Dr. Benjamin Rush, attacked tobacco on grounds of health...

Author: /time Magazine | Title: TOBACCO: The Controversial Princess | 4/11/1960 | See Source »

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