Word: boarded
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Dates: during 1920-1929
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...Surveys would be made by the Board and its advisors to determine if and when a surplus of any commodity is on hand...
...control such a surplus, the Board, through the co-operative marketing associations, would first loan money from the fund to help withhold the crop until domestic demand increased, or to "dump" the surplus abroad. In effect, the Government would thus be a buyer and seller of grain...
...Then, if the loan fund should be exhausted, the Board would fall back on the Equalization Fee, a levy collected proportionately from all the growers of a surplus crop. The fairness of this scheme has never been questioned, since when a surplus crop occurs, all who have grown the crop have contributed to the surplus and helped drive the price down. The difficulties foreseen are in determining when a surplus exists and in deciding what is a "fair price...
Elected. Albert Hall Harris, director of fourscore companies, to be chairman of the executive committee of the New York Central R. R. Co.; to succeed, in duties but not in title, the late chairman of the board of directors, Chauncey Mitchell Depew...
Those men will function in England. In the U. S. will be a committee with similar directorial powers. Its membership is as imposing as is that of the British board...