Word: amtorg
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Americans Squeezed? Recently in Manhattan's Chrysler (tallest) building one B. W. Delgass opened offices. Employed until a few weeks ago by Amtorg (Soviet trade agency in the U. S.), Mr. Delgass now proposes to "advise" U. S. firms doing or intending to do business with Russia. Explaining why he resigned from Amtorg, Adviser Delgass said...
...Ever since the beginning of the financial crisis in the United States there has been a change in the policy of the Amtorg. . . . The heads . . . have taken it into their minds that because of the business depression they could squeeze American firms and get better terms. This was an unwise attitude and showed a lack of knowledge of the situation. How could a manufacturer grant better terms when he had to look for money himself? I raised my voice against this foolish attitude. Soon after, Mr. Peter A. Bogdanov [now chairman of Amtorg] came to the United States and brought...
...ideas being unacceptable to the officials of the Amtorg, I, therefore, tendered my resignation. I decided not to return to Soviet Russia, as criticizing the policy of the Soviet Government or its officials is a criminal offense in Russia...
Rebuttal for Amtorg came from President A. S. Mamaev, Chairman Bogdanov being "out of town." Said he: "It is untrue that Amtorg attempted to bring pressure on the U. S. Government by diverting orders to Europe. . . . Prices offered there were particularly low. . . . Amtorg did not send these orders to Europe: Amtorg lost them to Europe...
...Williamstown. Meanwhile U. S.-U. S. S. R. trade relations came to the fore in another quarter of the week's news when the Institute of Politics at Williamstown, Mass., opened its discussions. In halting English, Peter A. Bogdanov, board chairman of Amtorg, complained that his agency suffered from "a certain lack of confidence created by the many baseless rumors regarding economic conditions in the Soviet Union and the recent unwarranted attacks on the Amtorg." He repeated his warning that if U. S. financing conditions for Russian trade continued "unsatisfactory," Soviet purchasers would shift their business from...