Word: aaas
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...days the 73rd Congress patched together the crumbling U. S. banking system, set up the $2,000,000,000 Home Owners' Loan Corp., created NRA, substituted beer for Prohibition, confiscated all the gold in the U. S., appropriated $3,300,000.000 for public works, established CCC, TVA, FERA. AAA, cut veterans' pensions and, for good measure, put J. P. Morgan on the witness stand and a midget on his knee...
...AAA amendments...
...Then this thin-lipped Southern Republican began to bear down on the New Deal in earnest. In quick succession he declared illegal the condemnation of private property for PWA slum clearance, the NRA Bituminous Coal Code (TIME, March 11). Last week Judge Dawson struck his third blow by ruling AAA's Kerr-Smith Tobacco Control Act unconstitutional...
...force tobacco crop reduction and finance reduction benefit payments, the Kerr-Smith Act imposed a 25% processing tax on 1934 tobacco grown without AAA contracts, a 33% tax on the 1935 noncontract crop. Unable to sign contracts because their land was rented, the Penn Brothers of Kentucky's Fayette County were assessed $7,000. They appealed to Judge Dawson for a protective injunction. Last week he declared tobacco-growing an intrastate business over which Congress had no power, ordered the Penns' $7,000 refunded, denounced the Act's "naked unconstitutionality...
...heels of Judge Dawson's ruling came a revelation that Comptroller General John R. McCarl had put AAA in the worst hole of its career. When drought began to shrivel Midwestern wheat fields AAA relieved spring wheat growers of their pledge to cut their 1935 acreage by 10%, promised they would still get some $30,000,000 in benefit payments for acreage reduction. Ruled Comptroller McCarl: No reduction, no bounties...