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Sails to Spur Cotton Exports for U.s.abroad

February 28, 1935
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Oscar Johnston of Scott, Miss., sailed yesterday on the S.S. Manhattan for Europe as an official representative of the United States government to survey the possibilities of increasing American export trade. His activities will be concentrated on improving the export situation for agricultural products, principally cotton.

Mr. Johnston will first stop in London where he will confer with governmental and business representatives. Then he is scheduled to visit countries on the continent. It is expected that among the countries he is to visit will be Germany where he will survey the possibilities of increasing the sales of American cotton. In the event he does not visit Germany, it is definitely understood that Mr. Johnston will confer with representatives of German textile interests.

The efforts to increase American cotton sales abroad, particularly sales to Germany, follows on the heels of collapse of the German barter proposal under which American cotton was to have been exchanged for German goods. This barter plan was favored by George N. Peek, head of the Export-Import Bank. It was opposed by Secretary of State Hull and finally dealt a death blow by President Roosevelt.

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