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Word: sclimitz (lookup in dictionary) (lookup stats)
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Usage:

...system works: Sclimitz A. G. of Berlin receive an order for $100.000 worth of sausages from Pierre et Cie of Paris. They fill the order. The sausages are shipped from Berlin to Paris. Thereupon the German Government pays Schmitz A. G. $100.000: and Pierre et Cie pay the French Government $100,000. Obviously the eject of this procedure is that the German Government has paid $100,000 to the French Government, although no money whatever crossed the frontier...

Author: /time Magazine | Title: INTERNATIONAL: Hoover to Laval! | 7/13/1931 | See Source »

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