Word: lowerers
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Dates: during 1930-1939
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...Adjust crowded lower court dockets...
...Increase lower court personnel...
Typical of Dr. Schacht's adroit manipulation is Germany's coffee trade with Brazil. Germany barters finished goods in exchange for Brazil's coffee beans. The beans, canned in Germany, are resold to small Central European countries for exchange and at lower prices than Brazil demands. This maneuver involves heavy losses to Germany and damages Brazil's market. But it puts much-needed foreign exchange into Dr. Schacht's hands, and incidentally increases the impressiveness of Germany's export trade...
...been in debt to the bank. When, by the Litvinov Agreement of 1933, Russia turned over its accounts to the U. S., the Guaranty Trust claimed the $4,976,722 could not be collected because of New York's statute of limitations. The bank won in the lower court, lost last week in the U. S. Circuit Court of Appeals. Ruled Judge Thomas W. Swan: a statute of limitations cannot be invoked against the U. S. Government; to permit it against a sovereign foreign government would be to deny its sovereignty; therefore Russia's claim was adjudicable; therefore...
...client gave the Crow agency a go-ahead on the biggest advertising campaign ever put on in China. Chinese smokers took a few sample puffs, grimaced, went back to the British brand. When another manufacturer duplicated a favorite British blend exactly, designed a beautiful packet, priced it lower, the sales were still nil. Chinese customers, guided by the Confucian maxim that "fine words and an insinuating appearance are seldom associated with true virtue," merely figured the more elegant the packet, the cheaper the price, the shoddier the quality. Drugs, another leading gold mine for western civilization's advertisers, were...