Word: tradings
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Dates: during 1920-1929
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...protocol in the cloak and suit trade, together with half a dozen similar protocols in other branches of garment-making in New York, the Rockefeller system of industrial representation in the Colorado mines, and the labor agreement of Hart, Schaffner & Marx in Chicago, grew out of long and bitter strikes, severe enough on both sides to convince the parties thereto that the old system was intolerable. Complete predomination by either side was impossible and intermittent struggles over the division of power were costly and unsatisfactory. The protocols and the agreements provided a system of government to protect each side against...
...judicial function is performed by the board of arbitration and inferior courts or committees, such as the Trade Board in the Hart, Schaffner & Marx system, and the Committee on Immediate Action in the Suit and Coat Protocol. Appeals may always be taken for final action to the board of arbitration. Decisions are based upon the fundamental agreement, administrative orders which have not been challenged, precedent decisions, customs and practices in the industry...
...been lifted, and out markets once more opened to the cheaper and more popular German dyes. Should there be no protection given to the American industry, it must infallibly fall. Wages in Germany are low, and that country will make a strong attempt to win back its old trade. Our own industry must be fostered for a time if America expects to hold the ground gained during the last four years...
...year 1919 was a profitable one for all business both large and small; as a result there are large taxes to be paid, most of which fall due in the calendar year 1920. But this year has been vastly different from the last; with the acknowledged diminishing of trade have also come the decline of inventory values, receipts and profits. It is obvious that the earnings of this year have been too scanty to pay for the taxes accrued by the previous year's bounty...
Besides this fact, there is also the consideration that the money which was turned over to the government was drawn in most cases from funds which would otherwise have gone to promote the expansion of trade and industries. Such a consequence is unavoidable when the government's revenues are drawn from only a few sources. The investment funds of the country cannot be allowed to disappear into the Treasury year after year without ultimately harmful effects upon the stability of business and of the government itself...