Word: embargoed
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Significance. So long as capital flowed to the U. S. in the form of gold Secretary Morgenthau did not have to worry about keeping the exchange value of the dollar down. But he was well aware that if France, frightened by the gold exodus, put an embargo on gold exports he would have to use his exchange fund to sell dollars. How many hundreds of millions of dollars he might have to sell to keep the dollar down no one knew...
Lamed Horses, Troubles on the Federal front also helped to send leading liquor shares into a deep, dark nose-dive on the New York Stock Exchange last week. First hint had come when a virtual embargo was clamped on liquor imports. It was learned that President Roosevelt had listened sympathetically to a Brain Trust idea of forming a government corporation to handle the entire wholesale liquor business. When the distillers submitted a code of fair competition, they saw it thrown in the wastebasket. Last week they were asked to accept a code, drawn by a special Roosevelt committee, which imposed...
...marched along sedately. Wrinkled Albert George Schmedeman, who had been debating with himself all day whether or not to proclaim martial law in Wisconsin, looked troubled and tiny beside moose-tall William Langer of North Dakota, who chews cigars with the cellophane wrapper peeled halfway down and whose wheat embargo was one of the starkest symptoms of the matter they had all come to discuss. Accompanied by big, rawboned George Peek and cadaverous Secretary Wallace, their briefcases bulging with statistics, they were shown up the broad stairs to the Oval Room where President Roosevelt awaited them...
...Adoption of a high tariff and embargo policy to correct Turkey's unfavorable trade balance. Successful retreat into economic nationalism...
...Cooney, Minnesota's Olson, Kansas' Landon and Nebraska's Bryan, Governor Langer dispatched invitations to join him in an effort to bottle up the Northwest's output until prices rose. Doubting the legitimacy of the measure, Governor Langer's neighbors declined to join his embargo. But Charles Wayland Bryan of Nebraska, brother of the late Great Commoner, took the Langer invitation for a text, delivered a sermon of his own on the woes of farmers. Governor Bryan dramatically declared: "The unrest in the nation is increasing. All of the anti-trust laws have been either...