Word: board
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Dates: during 1920-1929
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What caused widest concern among farm cooperative leaders was the revelation by Chairman Legge of how his Board would handle future wheat loans: The Board would advance its funds to the National Farmers Grain Cooperative at 3½% which in turn would farm out in smaller loans to individual cooperatives, adding "a small additional charge," presumably 2% or 3%. In effect the cooperatives would be paying the same rate-6%-as private commission men for cash. Chairman Legge carefully explained that whatever profit the national cooperative made from the additional interest imposed would in the end go back...
First to flay Farm Board Chairman Legge for his conference with Chairman Barnes was Chairman Caraway of the Senate Lobby Committee who wrote...
...Your announcement is a surrender to these grain people . . . a disclaimer of any intention of a desire to be helpful to cooperative associations and a determination to disregard both the spirit and intent of the law. . . . If the policy of the board is to be determined in secret meetings with the speculative interests, the board is functioning in the interest of the grain people and in opposition to the farmers...
Mayor James John ("Jimmy") Walker of New York proclaimed a technical "emergency" in the matter of his wages, had his Board of Estimate raise him from $25,000 to $40,000 per annum, thus becoming the highest-paid public official in the land excepting the U. S. President ($75,000). Defending the idea, said he: "I don't need the money. If it became a sporting proposition, I'd bet on the turn of a coin the amount of the raise...
...came up for its second reading. In no sense Communist or Radical, the bill epitomizes Scot MacDonald's own brand of "safe and sturdy Socialism." It provides: 1) shortening the miners' working day from eight hours to seven and one-half; 2) establishment of a "National Industrial Board" of big business and labor leaders; 3) creation of a "National Coal Marketing Board" to coordinate the whole industry and present a united front to the coal trusts of continental Europe...