Word: aaas
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Last week Democratic Nominee Franklin Roosevelt made his big 1936 bid for the farm vote. In addition to such boons as AAA, FCA, RA which he has in the past three years offered Agriculture, in a swift play from Hyde Park he upped this already respectable ante. He appointed a committee headed by Rural Electrification's Morris L. Cooke to figure out a long term anti-drought program. He appointed another committee headed by Secretary Wallace to draw up plans for some form of crop insurance on at least one or two major crops. He wrote to the Senate...
...Philadelphia, into the preserve of Denis Cardinal Dougherty, sped Father Coughlin two nights later. To a National Union rally in the Municipal Stadium he delivered an equally strong paraphrase of his remarks: "This program of destruction [AAA] is unChristian. It is anti-God; it is just downright asinine. . . . The causes which beget Communism are not removed in America. . . . If and when ballots will have proven useless . . . I shall not disdain using bullets...
...AAA has already sold over 2,000,000 bales bought in its 1934 cotton pool...
...Only$560,000,000 would be needed to finish off Bonus payments, and less would be spent on the Veterans' Administration, War Department, CCC, and recovery & relief. As for increases, $405,000,000 would be required for Social Security and expenses for AAA, debt retirement and interest on public debt would be up. In addition, the sum of all other expenditures would be $448,986,000 over 1936. chiefly because of public works and national defense. Finally, the President dangled a figure left out of his regular columns. If the Drought's aftermath was as bad as anticipated...
This was boom talk. All that was needed to start another mining stock boom were a few "circumstances": 1) prospective Philippine independence which will put other Philippine exports outside the U. S. tariff wall, thereby making them unattractive for investment; 2) $16,000,000 of AAA sugar benefits which poured into the islands; 3) the Spanish revolution which marooned Spanish capital in the islands; 4) the greater venturesomeness of British and Chinese capital...