Word: merchantable
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Dates: during 1930-1939
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...After allowing his military advisers to talk out loud about convoying refugees home from Europe with U. S. naval vessels, the President decided that U. S. merchant ships should boldly sail the seas protected only by the careful advertisement of the nationality...
...Cross, M. P., 43, an Old Etonian with a War record in the Lancaster Yeomanry and Royal Flying Corps and a public career closely parallel to that of President Viscount ("Czecho-Slovakia") Runciman of the Board of Trade, for which Mr. Cross has been Parliamentary Secretary. By trade a merchant-banker, six-foot Ronald Cross has before now earned personal preferment as high as Vice-Chamberlain of His Majesty's Household in 1937. As lord-master of neutral shipping, he will now be a key war figure, with Viscount Cecil's record to shoot...
Ships of the U. S. Merchant Marine (see p. 63) picked up the message and put on more steam for port. Ships of France, Italy, Germany and many of England had for the most part already abandoned the high seas-a fact which portended a cargo jam at U. S. ports...
...annual exports are carried in U. S. bottoms. The rest moves in foreign carriers. (In 1914 the proportion was 9% of $2,000,000,000; World War I almost quadrupled U. S. exports and by 1919 U. S. tonnage increased 60%.) Hence the U. S. merchant fleet of 27,470 vessels (gross tonnage: 14,632,000 tons compared to 12,907,300 tons in 1919) may not be able to keep goods from piling up on U. S. wharves. Not yet seriously affected, U. S. ports were last week in the following condition...
...mattresses. To get ailing Steelmaster Charles M. Schwab, his nurse, valet and physician accommodations, Ambassador Joseph Kennedy had to intervene. Others who squeezed in just under the sellout: Secretary of the Treasury Henry Morgenthau Jr.; Financier John Pierpont Morgan; a man who described himself as "only a postage-stamp merchant," named James A. Farley, carrying an album of rare stamps given him by French Minister of Posts and Telegraphs Jules Julien...