Word: bankheads
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...Administration mustered all its Congressional forces to hold tight against the farm bloc's Pace Bill, which would tack farm-labor costs to agricultural prices, or of the Bankhead Bill (already vetoed by the President, but still resur-rectible), which would raise parity prices by pretending that Government benefit payments are not really farm income...
...farm bloc was convinced, for the moment at least, that higher farm prices would do farmers less good financially than they would John Lewis as an argument for higher wages. The Bankhead Bill was sent back to committee, to serve only as a club in case the Administration weakened to Lewis. The Pace Bill also languished in committee. Farm Lobbyist Ed O'Neal protested that he was "dumfounded" by the President's new price orders, but his bright old eyes twinkled...
...President last week killed an inflationary threat. He vetoed the Bankhead bill, S.B. No. 660, the latest move by the Congressional farm bloc to boost farm prices. No. 660 was inflationary in that it would have excluded Federal farm benefit payments from the calculation of parity prices for price-ceiling purposes. This would automatically have provided a higher base for parity prices, and would thus have forced ceiling prices...
...Danger. Franklin Roosevelt blamed the rise in the cost of living mainly on "our failure to bring food costs under control." The Bankhead bill, he declared, would compound that failure. "Under it ... the price of sugar would rise 1½? a pound, the price of bread might go up ? a loaf. . . . The price of corn could rise almost 10% which . . . would certainly call forth a demand for higher prices for hogs and livestock, poultry, eggs, milk. . . . These price increases . . . might swell the cost of living more than...
WASHINGTON--The powerful Senate farm bloc today forced to final passage and sent to the House the Bankhead skilled-farmer deferment bill, ignoring the strong protests of the Administration that it might upset carefully-devised 1943 military strategy...