Word: tariff
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Goat No. 2 was the Argentine, which is busily clearing its elevators of carry-over for the next crop. Visions of Argentine wheat flooding the U. S. haunt the Board of Trade, but the Buenos Aires prices are not yet far enough below Chicago to hurdle the tariff...
...rendered of his stewardship so far, his hopes, plans for the future. He believes the new social machinery, such as AAA, "just as important" as the invention of the automobile. Chief objective of U. S. government in the next ten years, says he, should be "so to manage the tariff, and the money system, to control railroad interest rates; and to encourage price and production policies that will maintain a continually balanced relationship between the income of agriculture, labor, and industry." To those who want to keep government out of business he retorts: "The hard facts are that for years...
...effect a complete transfer of interest payments now, she most certainly has not enough of either to meet her short and long term capital obligations as these fall due in the future. The present partial default on interest payments in merely a symptom of the folly of an impossible tariff and its incompatibility with payment-in-full to creditors in Wichita and Kalamazoo, especially when its ill-effects are aggravated by inflation...
...Paulo at the rate of 500 per month. Cement mills were grinding 24 hours per day. Flour and sugar mills were unable to fill orders. Brazil is still a one-crop country but the Government's rigid control of foreign exchange has acted as a protective tariff stimulating domestic industry. Low coffee prices have encouraged cotton growing to such an extent that the Liverpool Cotton Exchange is reported to be considering admitting Brazilian contracts to trading. Brazilian dollar bonds have soared 30% in the past three months...
...life were mere earning and spending, there would be no excuse for college. As the picture fades farther and farther into the past, NRA, Manchukuo, the Polish corridor, dictators, inflation, tariff, open doors, war will be followed by new, more complex problems which must be tackled by men who must take up the unfinished tasks of leaders and followers of today. And as people of the country rise in gyroplanes or tune in a television station piece by piece that panorama of the fullness and breadth of the world will keep unfolding for the student who begins in college...