Word: aaas
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...well that behind Barkley would be all the power of Federal patronage, they organized the State's 7,500 jobholders into an efficient Chandler machine. Campaign contributions of 2% salary (as in the Townsend-McNutt machine over in Indiana) are expected. To compete with the enormous WPA and AAA influences for Barkley, a rural State road program this year provided jobs for 3,000 additional Chandler workers. Chandler supporters are this month distributing Old Age Benefit payments by hand instead of mail. To sellers of liquor and beer Happy has given a 40-day extension of their licenses, just...
...second largest on record, and Commodity Credit Corp. has set aside $100,000,000 for the loans. Purpose of the loans is to let farmers keep their wheat off the market until they can get a better price. Secretary Wallace chose the minimum rate permitted by the 1938 AAA, but wheat prices on exchanges promptly sagged as brokers figured the loan might actually turn out to be the maximum price, as occurred with last year's 9? cotton loans...
...Albert Gain Black, Chief of the U. S. Bureau of Agricultural Economics. A drawling, scholarly man whose hair is the color of July wheat. Economist Black, 42, took to farming almost before he could wield a pitchfork, taught agricultural economics at Iowa State College for four years, joined the AAA's inner council in 1935. Well-qualified to expound the ever-normal granary plan to the London delegates, Economist Black nevertheless failed to convince them...
...farmers last year cultivated 34,471,000 acres, grew the huge total of 18,945,022 bales, had to fall back on Government loans, wound up with a carry-over sufficient to depress this year's prices. So Mr. Wallace invoked the powers-granted him in the new AAA, instituted drastic control, got a majority of farmers to approve by referendum. Last week Mr. Wallace's analysts announced the result: a cultivated acreage of 26,904,000, lower than any since the Department of Agriculture began to keep tabs in 1909, and a prospective crop of about...
...Started an investigation of freight rates for farm products. A favorite thesis of Secretary of Agriculture Henry Wallace is that freight rates should rise in good times, fall in bad. Under the new AAA set up by Congress five months ago, he was authorized to create a division of transportation in the Department of Agriculture with power to plead before the ICC. Last week Secretary Wallace started the ball rolling by putting Dr. Ralph...