Word: quota
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...bills before Congress would weasel. It simply repeals specific mentions of the Chinese, leaving them still barred by the general ban. The two others would permit Chinese to enter and become citizens of the U.S. under the quota system. The latter bills immediately raised the specter-mainly in the Hearst press-of a horde of cheap Chinese labor swarming into the U.S. The fact: China's quota would permit the immigration of precisely 105 Chinese a year...
...Representative A. Leonard Allen of Louisiana, argues that repeal of the Chinese ban would immediately generate pressure for the admission of all other Orientals (except, of course, Japs). Representative Allen goes further to argue that tens of thousands of Chinese from Hong Kong might come in under the British quota. One reply was a new bill providing that 75% of the quota must be residents of China proper...
...which caused the U.S. to run an export surplus when, as a creditor, it should have collected its interest in the form of an import surplus, were hiked even higher by the Hawley-Smoot rates of 1930. The Ottawa Agreements, raising a tariff wall around the British Commonwealth, the quota systems, the blocked exchanges, the abandonment of gold - these were the complex but natural sequences of U.S. unwillingness to play its part. Long before the League of Nations had shown its inability to keep the peace, the U.S. had kicked away the economic fruits of peace...
Today only a handful of virtuoso ocarinists rate the honor of membership in Boss James Caesar Petrillo's American Federation of Musicians. But the "sweet potato" has its quota of passionate partisans...
When the Treasury last week totted up final returns of its Second War Loan Drive, it found total subscriptions of $18,533,000,000-$5,533,000,000 more than the goal set. And commercial banks had been allowed to subscribe only their $5 billion original quota. Most of the over-subscription had come from noninflationary quarters: from business firms, insurance companies, savings institutions. Thus $13½ billion was taken from noninflationary sources, $2½ billion (from individuals) directly out of the yawning inflationary...