Word: silk
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...pledge to "rationalize" the now almost infinitely complex taxation system of the Soviet Union, announced some progress already made: "We have rationalized in the food industry where, instead of 608 tax rates, we have introduced but 167. We are also revising the taxation system in the wool, cotton and silk industries. But this is not enough. We are fully aware that all of our industrial turnover taxes must be revised in like manner...
...extreme example of this art was provided by Secretary Early one day when the President himself did nothing of interest at Galapagos. The official news report from the Houston announced that landing parties tried to pump the settlers about Baroness Eloise Wehrborn, the queer German woman who. wearing silk panties and a pearl-handled revolver, sought to "rule" the island several years ago until she and her retinue of young males came to mysterious ends. The settlers would not talk, and the whereabouts of the Baroness have been unknown for four years...
...instead of dashing to his office at Hankow in a limousine with motorcycle escort, last week was whisked to work in a rickshaw escorted by guards on bicycles. Other Chinese bigwigs were warned to follow the Premier's example of thrift. The Government even discouraged the buying of silk and drinking of tea "as these products should be conserved for export." In a fervent, patriotic convention at Hankow, Chinese political leaders of all factions again pledged unanimous loyalty to Generalissimo Chiang Kaishek. This game but losing commander prepared for the probable retreat of the Chinese Government from Hankow...
...Proposed fair trade practice rules for the silk industry. As it has already done with the rayon industry, FTC at the request of certain members of the silk business drew up a proposed set of rules which will not go into effect until after a public hearing August 2. Points which upset the industry last week were that the label on silk state the exact proportion of metallic weighting and finishing materials in the goods, if any, and that the word "silk" may not be used in a firm's name unless a "substantial part" of its business...
...make silk, the silk worm reduces the cellulose in mulberry leaves to a protein liquid which it spins into a cocoon. Result of man's learning to imitate this technique is the 45-year-old rayon industry. A major source for the cellulose is "dissolving pulp," wood pulp processed further than for making newsprint. Last week, the largest "dissolving pulp" company in the world, Rayonier Inc., announced "the highest earnings in the history of the company and its predecessors"-$3,124,703 for the twelve months ended April 30; this was almost a million more than for the previous...