Word: aaas
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Next day Candidate Thomas Dewey claimed he had turned up a whopping error in the President's figures. Quoting New Deal scripture (an AAA study), he showed that, while State, county and local debts had fallen only $130 millions, Federal debt had increased some $21 billions. And even if the President had included the big drop in private indebtedness, said Mr. Dewey, he would still be making an error of $9 billions...
...Class I roads,* about one-third (including 20 in bankruptcy) are unable to meet their fixed charges on bonds and preferred stock. Another third is little better off. Only eight Class I roads have bonds outstanding which are gilt-edged enough to be marked with Moody's Aaa (Pennsylvania, Norfolk & Western, Chesapeake & Ohio, Union Pacific, Wheeling & Lake Erie, Virginian, Detroit & Toledo Shore Line, Richmond Fredericksburg & Potomac...
...Henry Wallace called a conference. All through the South, the sheepish growers wondered what their ransom was going to be. North Carolina's big, handsome Commissioner of Agriculture William Kerr Scott suggested sadistically that the markets be reopened, the farmers left to squirm. Henry Wallace announced in an AAA pamphlet: ". . . It would not be sound to undertake price-supporting measures for the 1939 crop unless farmers indicate a desire to regulate marketings for the 1940 crop." Warehousemen held meetings, shouted for crop control, promised to use their influence on the farmers...
When the New Deal, tackling Depression, launched NRA, WPA, PWA, AAA, a host of new officials turned up in Washington to tackle new jobs. Last week the vanguard of a new host appeared to tackle the problem of a world...
...Wheat and Cotton. Of these the most corpulent is Cotton. At the end of the cotton marketing year on July 31 the Department of Commerce and the Census Bureau set out to measure him. Last week they reported the 'awful facts. In spite of the reducing corset which AAA pays him to wear, he has battened on bountiful crops, gobbled the rich cream of New Deal crop loans and, deprived of the exercise of foreign trade, grown more ugly and obese...