Word: rubbers
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Dates: during 1920-1929
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...surplus by getting rid of the surplus. There are practical difficulties in the way of such procedure, although they might perhaps be overcome. It might lead to foreign ill-will and would look a bit inconsistent in the face of U. S. protest against British restriction on rubber production (TIME, Jan. 4). This third avenue is apparently not being forcibly suggested by any group, although the Department of Agriculture hinted at it in a report on 1924 crops last week...
...other products listed in the resolution are or may be controlled in similar ways by various foreign countries. Brazil is protecting her coffee growers. Canada is talking of an export embargo on pulpwood to conserve her timber, etc. But at the present time rubber is the outstanding case...
...many raw products like wheat, oil, cotton and tobacco to take it coolly when the other fellow happens to get something they haven't got." As a matter of fact if the U. S. could apply to farm produce something like the scheme the British are using with rubber, our farm difficulties would be solved.* Both the British and the Democrats in Congress pointed to the U. S. high tariff as an instance of a similar policy of protection to native industries...
None the less it goes ill with rubber manufacturers to be compelled to pay extreme prices, and it goes down ill in Congress that the British are taking $700,000,000 a year out of the U. S. in rubber?an amount which more than pays the British debt annuities...
...happens that the British rubber scheme involves an export tax. Imposition of export taxes is forbidden by the U. S. constitution...