Planned Barter Pact Again Hit by Untermyer
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Planned Barter Pact Again Hit by Untermyer

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Before sailing for London on Friday night to attend the world anti-Nazi boycott parley, Samuel Untermyer, president of the Non-Sectarian Anti-Nazi League, wrote a letter to Secretary of State Cordell Hull again protesting the proposed trade agreement between the United States and Germany that calls for the exchange of 500,000 bales of United States cotton for German manufactured merchandise, it was revealed yesterday.

Untermyer stated he realizes the importance to the cotton growers of marketing so substantial a part of their surplus crop, and said that were the deal “an outright sale, for cash or credit, to a responsible purchaser who keeps its bargains, its desirability would be beyond question.” But since this is not the case, he said, the damage it would do to American manufacturers would more than offset the benefits gained by the cotton producers.

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