Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: June 3, 2025
What the Government gains, i.e., a rupee a sovereign, the seller of produce must lose, as exporters could afford to give them just so much less than they now do. Now, taking the exports of India at one hundred millions, the currency measure of the Government would cause a loss to producers of 7 per cent., which is equivalent to a tax on the exported productions of India of seven millions.
Our exporters and importers are both indifferent about using American ships. It should be our policy to keep our present vessels in repair and dispose of them as rapidly as possible, rather than undertake any new construction. Their operation is a burden on the National Treasury, for which we are not receiving sufficient benefits. A rapid growth is taking place in aeronautics.
So, we've decided to cut down our arms transfers abroad on a year-by-year basis and to work with other major arms exporters to encourage their similar constraint. Every American has a stake in our second major goal, a world at peace. In a nuclear age, each of us is threatened when peace is not secured everywhere.
In consequence the valuable time at the beginning of the war was lost. Very soon, however, the American exporters withdrew completely, because those who had had previous business relations with Germany were known to the English, and so were suspected and finally placed on the black list.
One of those persons endowed with what are known as "insinuating manners and address," he had, after some futile attempts to enter the army, been sent out to Bombay as agent for a Manchester firm, and in that capacity had contrived to be mixed up in some more than shady transactions with rival exporters and native dealers up the country, which led to an unceremonious dismissal by his employers.
We shall lend, not borrow; act for ourselves, not imitate or follow; organize and initiate, not peep about merely to see where we may get in. We have already formulated and agreed upon a policy of law which will explicitly remove the ban now supposed to rest upon coöperation amongst our exporters in seeking and securing their proper place in the markets of the world.
The constant expansion of our economy and exports requires a sound and stable dollar at home and reliable exchange rates around the world. We must never again permit wild currency swings to cripple our farmers and other exporters. Farmers, in particular, have suffered from past unwise government policies. They must not be abandoned with problems they did not create and cannot control.
In Barcelona some foreign firms, exporters to the Philippines, have failed, as well as several custom-house brokers, owing to the total cessation of mercantile movement. The losses already suffered by our trade are incalculable, amounting to much more than the millions needed to maintain a half-dozen armored ships, which would have prevented the Yankees from daring so much."
Of coal our production has small; now many millions of tons are mined annually. So with iron, which formed scarcely an appreciable part of our products half a century ago, we now produce more than the world consumed at the beginning of our national existence. Lead, zinc, and copper, from being articles of import, we may expect to be large exporters of in the near future.
If there be one thing certain, it is that centuries after, in the middle of the fourth, the people of London were only exporters of corn; no certainty that they carried on any other kind of commerce, except it might be doing a little business in dogs, and slaves whom they captured from neighbouring barbarians, their imports being polished bits of bone, toys and horse-collars.
Word Of The Day
Others Looking