THE TARIFF: Sword Sheathed

In a hot moment the Treasury Department drew a sharp economic sword, brandished it menacingly at Soviet Russia. Anti-Reds clamored for a general onslaught upon U. S.-U. S. S. R. trade. Last week the Treasury thrust its weapon back into the scabbard.

Embargo On. Fortnight ago Assistant Secretary of the Treasury Seymour Lowman, once in charge of Prohibition enforcement, now of Customs, precipitately slapped a tariff embargo on Russian pulpwood, imported chiefly by International Paper Co. through Amtorg Trading Corp. from Archangel (TIME, August 4). His authority:...

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