THE TARIFF: Pulpwood Embargo

The Treasury department last week invoked against Soviet Russia a provision of the Tariff Act, prohibiting the importation of goods made by convict or forced labor. Assistant Secretary of the Treasury Seymour Lowman, in charge of customs, instructed all ports to bar shipments of Russian pulpwood for paper manufacture on the ground that the cargoes in Russia were loaded by political prisoners. Hardest hit by this order was International Paper Co. which, to break the Canadian monopoly of pulpwood, had given a large order to Amtorg Trading Corp., Soviet commercial agency...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!