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Chairman Eccles can do nothing to stop the inflow of gold, but he can do several things about the effects of gold imports. One of them is the power to boost reserve requirement as much as 100%. Another is to sell the Reserve System's Government bonds, resulting in a dollar-for-dollar reduction in reserves. By raising the reserve requirement 50%, Chairman Eccles mopped up nearly $1,500,000,000 of the excess, leaving about $1,900,000,000 to worry about after Aug. 15. And while $1,900,000,000 is a larger figure for excess reserves...

Author: /time Magazine | Title: Business & Finance: Brakes Tightened | 7/27/1936 | See Source »

...under the flexible tariff law to boost the duty on zippers, thereby pleasing two loyal Democratic Senators, Guffey of Pennsylvania and Lonergan of Connecticut, who have in their constituencies the two big U. S. zipper makers...

Author: /time Magazine | Title: THE PRESIDENCY: Business, Pleasure & Politics | 6/29/1936 | See Source »

...board chairman. For Mr. Hawkins the shift was not only a hard-earned promotion but the fulfillment of a precedent which has become part of U. S. journalistic tradition. For 30 years, as Bill Hawkins and Roy Howard have climbed the publishing ladder, Big Bill has repeatedly helped boost his little friend up a rung, then succeeded to the perch himself with his next step...

Author: /time Magazine | Title: Press: Hawkins for Howard | 6/29/1936 | See Source »

...account was Certo, for General Foods Corp. Knowing nothing about gelatin products, Partner Benton went to New Jersey, Partner Bowles to Connecticut, ringing doorbells for four months, asking housewives questions until they had 533 typewritten pages of data for their campaign. General Foods gave the young firm a terrific boost when it handed Salesman Benton six big food accounts on his birthday in 1932, still entrusts it with a handsome slice of its $10,000,000 annual advertising budget. One of Benton & Bowles's smartest stunts was to cash in on 1933 Repeal sentiment for Adolf Gobel, Inc. (frankfurters...

Author: /time Magazine | Title: Business: Personnel: Jun. 29, 1936 | 6/29/1936 | See Source »

...first three months of 1936. Against the $5,000,000 per year which the U. S. spends for Japanese cotton cloth, Japan spends about $110,000,000 per year for U. S. raw cotton. Last week news of the U. S. tariff boost caused Yoshihisa Shikamura, managing director of Japan's great Fuji Gas Spinning Co., to exclaim: "Our cotton industry will suffer a severe blow, and it is necessary to take immediate countermeasures. It would be impossible to prohibit all American cotton imports, but we can reduce them by 20% or 30%, by substituting cotton from Egypt, Brazil...

Author: /time Magazine | Title: TARIFF: Nightgowns Up | 6/1/1936 | See Source »

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