The Archive · 1939

In Opposition to Scheme

Washington, May 11.

Administration plans for barter agreements with the Democratic Powers of Europe to obtain strategic materials such as rubber and tin in exchange for surplus American wheat and cotton are encountering difficulty, it was learned today.

Informed quarters predicted that the South American Republics, particularly the large wheat and cotton growing nations, would soon strongly protest in Washington against the barter trade plans on the grounds that such exchanges would be incompatible with President Roosevelt's "good neighbour" policy.

negotiations already have been opened with Britain for the exchange of American cotton and wheat for British rubber and tin. The proposed arrangement would provide that goods exchanged would not, under any circumstances, be permitted on the open market for at least two years—United Pres:

Text read from the printed page and cleaned; old type leaves the occasional error.

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