Word: cash
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Dates: during 1930-1939
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...under the AAAct. They expected to get away with it because of the obvious difficulty a complainant would have in getting the law into court for a test case. If it should escape the Supreme Court's interdiction, the scheme could easily be extended to all the other cash crops which the AAAct was created to control...
...diverting their acres from "soil-depleting" crops (cotton, wheat, corn, tobacco) to "soil-building" crops (alfalfa, soybeans, grasses), farmers will receive Federal bounties averaging slightly less than $10 per acre. Thus, by the back door of soil conservation, the New Deal will continue to achieve some production control of cash crops, which the Supreme Court has forbidden it to approach directly...
Fundamental difference between the AAAct and its current substitute is that under the former the farmer was bound by contract to reduce his cash crops by specified percentages. Now he reduces them voluntarily within Department of Agriculture specifications and is rewarded according to the extent of his cooperation. But to control next year's corn crop, the Department last week proposed to set definite acreage limits, enforced by an extra reward and a penalty...
...caught the eye of "Cities Service's Chairman Doherty, who bought large blocks of Richfield stock & bonds, offered to exchange Cities Service shares for Richfield shares, even paid Richfield's state gas tax when the foundering company's $85,000,000 book assets included practically no cash. Later, however, when the banking creditors' committee, bondholders' protective committee and unsecured creditors' committee were pondering a Doherty reorganization plan, Oilman Doherty looked into Richfield's books more closely, withdrew the plan and apparently washed his hands of the whole business...
...supplements to the old half-yearly catalogs, and other literature which he mailed out every ten days or so. More remarkable was Modie's minimum sales policy. Because it is obviously cheaper to service a few large accounts than many small ones, Spiegel's now refuses cash orders under $5. The average sale in a mail-order house is around $3. Spiegel's sales average...