Word: bankhead
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Dates: during 1930-1939
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...potato-growing northeastern corner of North Carolina and long-faced Senator Josiah William Bailey of the same State. Conservative Senator Bailey, who has opposed inflation, Government spendthriftiness, Huey Long and Father Coughlin, and who has been as cool as a Senator from a Cotton State could be toward the Bankhead Act for compulsory cotton control, frankly gave his reason for proposing Potato Control: "Farmers have continually been driven from cotton, tobacco and peanut production, and have gone into the production of potatoes. . . . We cannot afford to ... drive them all over into the potato field...
...Richard B. Russell Jr.: "I am expecting the announcement hourly. My only regret is that the loan will not be more than 12? -say 14? or 15? a Ib." Undeterred by the fact that his two Georgia colleagues had been proved poor prophets, Alabama's Senator John H. Bankhead last week stoutly asserted: "I think a 12? loan is absolutely sure. I have been in constant communication with the President and I have had no intimation of a change in his views. Yesterday the President told Senator George that he was not considering anything but a 12? loan...
Cotton Senators fumed and spluttered at this open flouting of their predictions. "Disastrous to the entire cotton-growing South!" cried Senator George. "Cotton shippers won a great victory. . . . The plan will be very confusing!" snapped Senator Bankhead. When the market price of cotton slumped nearly 1? a Ib. on the news, their outcry rose to a roar. "I am embarrassed and confused!" exclaimed Senator Ellison D. ("Cotton Ed") Smith of South Carolina. Another South Carolinian, Franklin Roosevelt's good friend James F. Byrnes, jumped in with an amendment to the Third Deficiency Bill requiring a 12? loan on cotton...
...taxes. In Virginia, P. Lorillard (Old Golds) and Philip Morris opened suits against tobacco processing taxes. In Detroit, Denver and Kansas City Federal judges restrained the Government's tax collections. Processing taxes on wheat, corn, hogs, cotton, tobacco were contested. A temporary injunction against the operation of the Bankhead Cotton Act was issued in the Texas courts. All told, AAA found itself facing 705 court challenges, which meant that 705 processors were eager to maintain before the law that the Christmas gifts farmers have been getting do not come from Santa Claus, that processing "taxes" are but white whiskers...
...discourage tax suits by declaring a boycott on a milling company. A group of Texans headed by Clifford Day, who led the farmers' march on Washington last May, went to Washington with expenses paid by AAA and returned home: 1) to stir up farmers to fight the Bankhead Act injunction; 2) to start a farm movement to reduce tariffs in retaliation against manufacturers who refused to share governmental favors with agriculture. This tariff opposition, said AAAdministrator Davis, was quite "natural," thus tacitly approving a bill introduced by Senator Murphy of Iowa to have the President reduce tariffs...