Word: bales
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Most of the argument swirled around the "reserve clause," a device basic to baseball and other big-time professional sports. It gives the owner complete control over the career of an athlete, who is no less an article of barter than a bale of hay. The owners' case for the reserve clause is that it prevents wealthy owners from monopolizing all the best talent and thereby ruining the game as well as the gate. In 1922, and again in 1953, the Supreme Court, to the delight of the owners, ruled that baseball is a sport, not a business...
...cotton from the U.S. The loan was one part of a broad program designed to boost both overseas and domestic consumption while holding down production. The goal for 1956-57 is a 20%-25% increase over total cotton sales in 1955-56 by doubling exports to 4,500,000 bales while keeping domestic consumption at last year's 9,200,000-bale level or even increasing it. With flexible price supports between 75% and 90% of parity, Agriculture Secretary Ezra Taft Benson hopes that minimum acreage allotments (17.4 million acres in 1957) and marketing quotas (n million bales) will...
Overall, the hope is to cut the current 14.1 million bale surplus to a manageable 4,000,000 bales by 1959. But few cotton economists are that hopeful or think that any Government program alone can offer a final solution. The real answer is for Old King Cotton to grow up to the new U.S. industrial revolution. With mechanized farming methods, the U.S. currently produces more cotton on 17 million acres than it did on 36 million acres in 1930. Yet efficient growers cannot take advantage of their progress because cotton has been grown under an uneconomically high. Government-supported...
Lift That Bale. In Fresno, Calif., Mrs. Margaret Dudley won a divorce after testifying that her husband charged her 50? a day for driving her to the fields where they worked picking cotton...
Bushel by bushel, bale by bale, the U.S. has succeeded in cutting down its embarrassing surplus of farm products by $2.9 billion since 1954 (still leaving more than $8 billion), the White House reported last week to Congress. Of that amount, $1.2 billion in surplus food, tobacco and cotton was either sold, bartered (for precious minerals and other materials), or given outright to the needy during the first six months of 1956. Overall, the U.S. lost money in the disposal, from 1) a $1.3 billion deficit on the actual sales and donations, 2) the exchange of surpluses for foreign currency...