Word: papered
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Dates: during 1920-1929
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...Canada at the prospect of an in crease in U. S. tariffs, particularly on farm products. Last year the U. S. sold Canada, its best customer, $916,000,000 worth of goods, mostly manufactured, buying in return some $489,000,000 worth of Canadian exports, chiefly wood and paper ($237,000,000), fish and meats ($88,000,000), farm products ($57,960,170). Loud was last week's talk of raising the Canadian tariff in retaliation. Premier McKenzie King called for "cool heads" in dealing with these international economic matters, but Canadian newspapers suggested that it was the King...
Newsprint. Some 90% of Canada's woodpulp and paper production goes to the U. S. International Paper & Power Co., a U. S. concern with holdings in the Dominion (see p. 40), has developed such a grip over the U. S. supply that last year the threat of a Canadian embargo made U. S. newspaper publishers shudder...
Equally natural to the man in the streets of Boston seemed, at first, last week's news that International Paper Co., makers of newsprint on the banks of the St. Lawrence, had bought a half-interest in the Boston Publishing Co., publishers of the Boston Herald (morning) and Boston Traveler (evening), two of the most prosperous, of the Seventh City's many dailies...
...further explained that, though International Paper is a New York corporation (long dominated by the Publishers Reid of the New York Herald Tribune, control of the Herald and Traveler would remain in Boston through the appointment of Philip Stockton, John R. Macomber and Sidney W. Winslow Jr., all oldtime Bostonians, as trustees...
International Paper Co. is not its own master. It is merely a money-losing subsidiary of International Paper & Power Co., a holding company formed last year when newsprint prices were bad and it became obvious that more valuable than International Paper's coniferous forests were the rivers that rushed through those forests with vast potential horsepower (TIME...