The principle of valorization is generally conceded to be economically unsound, because it encourages overproduction.
This first valorization was abandoned in favor of the Sielcken plan, which the federal government ratified in July, 1908.
It effectively killed all future valorization schemes in so far as direct participation by this country is concerned.
The valorization project just described was the second of its kind, a former attempt having proved a failure.
The valorization, or equalization, of coffee originated in Brazil.
The natural return to normal was much interfered with by speculation and valorization.
He proved his kingship by his masterful handling of valorization three years later.