Word: amtorg
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...Department of State remains unaware of the existence of the Union of Soviet Socialist Republics, U. S. industry is now inclined to believe that Russians habitually pay their bills and that a ruble in the hand is as good as 51½¢ in the bank. Thus last week Amtorg, Russian trading corporation at No. 261 Fifth Ave., Manhattan, announced the following contracts entered into by U. S. corporations with Soviet Russia...
...Amtorg, Am-Derutra. Full name of Amtorg is American Trading Organization. Ask curly-haired Saul George Bron, Am-torg Board Chairman, if Amtorg is a Russian governmental agent and he will become voluble in explaining that it is a U. S. corporation, organized in 1924, and no Soviet arm. Nevertheless, Amtorg, like Amkino, Am-Derutra, and many another Russian trading corporation, acts with the approval and the co-operation of the Soviet government, or specifically, with the Soviet Supreme Economic Council...
...Amtorg and the rest of the Am family have to do with exports and imports. When a consumer's co-operative wants 1,000 U. S. typewriters it goes to Amtorg. Amtorg goes to a typewriter company and buys the typewriters. Then Am-Derutra, which is exclusively a transport company, ships the typewriters to Russia...
...members of Tsaristic society. He was born in the Ukraine, studied at Zurich and Kiev (he is a Doctor of Philosophy), taught school. He emerged from Revolutionary chaos as Minister of Foreign Trade for the Ukraine (1917-22). He has served on the Supreme Economic Council and has been Amtorg's chairman since 1927. Trader Bron is married, has two children, lives in Manhattan...
Russia. The Amtorg Trading Corp. of New York, sole U. S. purchasing agent for the Soviet Government and the International General Electric Co. of New York have concluded a deal whereby $25,000,000 worth of U.S. electric apparatus may be sent to Russia within the next five years. Thus was pointedly marked a commercial rapport between the two countries. The Russian press was jubilant over the deal; Economic Life of Moscow talked about a breach in the ''credit blockade...