Word: aaas
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...more than a week, too, since the New Deal had begun to grope for an AAA substitute and Mr. Hoover thought the time was opportune to steal a march on the New Deal by getting in a bit of constructive criticism. Said he: "Instead of trying to find a balance to Agriculture by paying the farmer to curtail a crop, we should endeavor to expand another crop which can be marketed or which would improve the fertility of the soil. We import vast quantities of vegetable oils, sugar and other commodities. . . . We need to replenish our soils with legumes...
...fiscal 1937. In so doing he completely rewrote the budget presented by the President a week earlier. Allowing $2,000,000,000 for the Bonus, $2,000,000,000 for new relief appropriations (which the President did not estimate in his figures) and assuming that in place of AAA there will be a new law that will spend as much as AAA would have, the Morgenthau budget for 1937 would compare as follows with the Roosevelt budget: (000,000 - omitted) Roosevelt Morgenthau Ordinary Expenses . ..$2,586 $2,586 Veterans 790 2,790 Interest on Debt 805 805* Tax refunds...
...only living ex-President, who in turn beamed down upon them. Herbert Hoover was about to assault the New Deal on its once strongest political front. With his tongue in his apple cheek he called attention to the dreadful price-slumps which had not followed the demise of AAA: "President Roosevelt on May 30, 1935, prophesied that 'if we abandon crop control, wheat will immediately drop to 36? a bushel and cotton to 5? a pound.' He felt the same about hogs. I do not know how long a time there is in 'immediately...
Fortnight ago the Administration got together in Washington a meeting of farm leaders to approve the New Deal's new plan for agriculture: crop control through soil conservation (TIME, Jan. 20). While AAA's lawyers were busy trying to draft a workable law, trouble was brewing at the Capitol. Farm leaders who rubber-stamped the New Deal's idea were already calling on Congressmen to advocate other proposals. One group wanted to take 30% of customs receipts to subsidize exports. Another group advocated guaranteeing farmers their cost of production. A third group demanded enactment of the domestic...
...before Herbert Hoover spoke at Lincoln two newshawks strolled in to see Chester Davis, Administrator of the late AAA. One was James Russell Wiggins, correspondent of the St. Paul Pioneer Press, the other Felix Belair Jr. of the New York Times. Mr. Davis poured his woes into their ears...