Word: wool
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...Crayfish. Father Jakob Freud was a just and kindly wool merchant, but his principal weakness, woolgathering, kept the growing family poor. In 1859, when Sigmund was three, father Jakob abandoned his son's birthplace, the Moravian town of Freiburg, and went after better business first in Leipzig and then Vienna. Freud so hated this uprooting that he detested Vienna ever after. To travel, to leave Vienna behind, became a lifelong passion. But one of the greatest love-hate paradoxes in Freud's life is that while regularly railing at Vienna, he stuck closely to it. For 47 years...
...There Gibbon and Macaulay did their historical research, Boswell perfected the technique of biography, Carlyle studied the intricacies of the French Revolution (and complained of "my museum headache"). Young Charles Dickens came to study, Darwin to solidify his ideas for On the Origin of Species. Karl Marx gathered the wool which went into Das Kapital, most of which he wrote in the great, quiet, dome-capped Reading Room...
With 100 million lbs. of surplus wool, almost 40% of the 1952 U.S. clip, already in Government hands, the Commodity Credit Corp. may have to buy up to 40 million more pounds of wool this year. To dispose of this huge surplus, Assistant Secretary of Agriculture John H. Davis last week asked the Tariff Commission to recommend a 7?-a-lb. additional duty on imported wool. With this protection, Davis hoped that the CCC could avoid any new wool purchases this year, and perhaps rid itself of half its old holdings. Wool growers, who wanted something more like...
...accept it would be backtracking on the Administration's announced program to liberalize U.S. trade policies. To refuse it would be to jeopardize Republican votes in the thinly populated western sheep-raising states, and to aggravate CCC's surplus problems. And if he succumbed to pressure from wool growers to increase the fee from 7? to 12? or 15?, other industries might ask for more protection...
...more protection what the wool men really need? High-quality Australian wool, adding in the present tariff, now costs more than the domestic wool (see chart). Furthermore, wool users, who oppose a tariff increase, argue that any boost in domestic wool prices would actually be self-defeating. A rise in wool cloth prices would decrease consumption even further and increase the use of synthetic fibers...