Word: rearmaments
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...agreements with it-but they would have nothing put down in writing. Standing thus, they were strictly within their legal rights: the Wagner Act requires only bargaining, not written contracts. But S. W. O. C.'s Chairman Philip Murray, determined to win all he could while Recovery and Rearmament were booming steel production to alltime highs, cried last fortnight: "I tell you a strike will inevitably trail in the wake of this maddening policy...
From the potential economic grief Rearmament, the report passed on to the dark future of gold. Last year's world gold production (35,000,000 oz.) was the highest on record, and output was soon expected to touch 40,000,000 oz., twice the 1929 figure. Industrial use of gold in the meantime has dropped from 20% of totalproduction to about 5%. Blamed by the B.I.S. for this decline was "a distitinct change in the jewelry fashions for women in that gold objects are less in favor and are being replaced on the one hand bycheap jewelry, which...
Dyed-in-the-wool Conservatives who approve wholeheartedly of Britain's gigantic rearmament scheme accepted the new tax as a necessary evil, other Conservatives feared it would cause dangerous discontent, would sap industrial vitality. Declared Sir Robert Stevenson Home. Conservative Chancellor of the Exchequer from 1921 to 1922: "I have talked with many people and there are great perturbations. Unless these are abated in some way I fear some check upon the enterprise of the country." British Radicals, though strongly opposed to rearmament, were delighted that the 1937 Budget hits those with most money, tagged it the "Soak...
Doubting Thomases suggested that there was more to the British sympathy for Bilbao than pure altruism for a besieged city. Vitally needed for Welsh steel mills, now on 24-hour schedules as part of Britain's rearmament, is iron ore from Basque mines. And Welsh farmers have long had a private arrangement with Basque potato growers. From carefully tended fields they ship high-priced seed potatoes to Bilbao twice a year, take back in exchange mature food potatoes, grown in Spain's warm and dry climate...
...declared that the only two rumors that could not be summarily dismissed were that the settlement had been hastened by 1) Franklin D. Roosevelt or 2) Walter Runciman of Britain's Board of Trade, who was in the U. S. at the time and might have hinted that rearmament orders would be withheld until U. S. steelmasters could assure continuous delivery...