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Disdaining to answer directly, or perhaps ignorant of this statement, "Ariel" Klein declared that in April the German-French industrial conspirators had made another pact to endure six years after next month. "Furthermore, contrary to the recent press statement of the potash sales agencies, prices have been raised since the new pact was formed, thereby increasing the American potash bill by nearly...

Author: /time Magazine | Title: Business & Finance: Potash and Klein | 7/19/1926 | See Source »

...Julius Klein, his director of the bureau of foreign and domestic commerce, had much to do with this anger of the Secretary. Dr. Klein really is Ariel to Prospero Hoover. With his soft, eager voice he had been telling his chief that the German and French miners of potash were about to mulct the U. S. farmer who needs their soluble potashes for fertilizers...

Author: /time Magazine | Title: Business & Finance: Potash and Klein | 7/19/1926 | See Source »

...told that last year the U. S. used 200,000 short tons of potash, that only about 22,000 tons were produced in this country, that the balance (costing close to $8,000,000) had been imported from European potash beds which extend from Stassfurt in Prussian Saxony (under German control) through and into Alsace (now under French control). He told that in August, 1924, these Germans and French had agreed to split the U. S. trade, 65% to Germany, 35% to France (England knew of this arrangement, did not interfere, only warned that she did not want British potash...

Author: /time Magazine | Title: Business & Finance: Potash and Klein | 7/19/1926 | See Source »

...Forbes of the Potash Importing Co. of America, the U. S. agents of the German participants immediately sprang to defend his principles: "The German Potash Syndicate has absolutely prevented any possibility of the potash market being cornered to the detriment of the farmer. Prices have been maintained at the lowest level consistent with the costs of production and marketing. . . . The syndicate has never restricted potash production...

Author: /time Magazine | Title: Business & Finance: Potash and Klein | 7/19/1926 | See Source »

...Potash is one of the sloppy words of English. Originally it meant wood ashes (potassium carbonate). Now it may mean caustic potash (potassium hydroxide) or even pure potassium oxide, an excellent fertilizer. By potash people mean potassium, a, metal absolutely essential to plant life.* When drained from the soil potassium (as one of its salts) must be replaced in the form of a fertilizer, else only weazened crops will result. The primitive farmer manures his plot with stable gleanings and slaughter-shed offal. The Chinese peasant assiduously gathers the dried plaques of cow dung, the desert agrarian those left...

Author: /time Magazine | Title: Business & Finance: Potash and Klein | 7/19/1926 | See Source »

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