Word: ccc
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Last year the Commodity Credit Corp. sold $506 million worth of surpluses abroad at competitive prices, and gave away another $150 million. But this was less than half of what CCC bought from U.S. farmers. It offered 375 million Ibs. of butter, was able to sell only 1.4 million Ibs. It offered 20 million bushels of oats, sold only 3.5 million. CCC did not even try to sell its vast holdings of twelve other commodities, including cotton and wool, and wheat, the biggest surplus of all (661 million bushels in inventory). In most cases the reason for holding back...
...They can't be put to work until they are 20 or 22 years old with any success. They can't be put in the penitentiary, as a rule, because they haven't committed any crime. And the Civilian Conservation Corps [the now legendary CCC of youthful shovel-leaners] has been abandoned...
...first shotgun when he was 13, played football and refused to play basketball ("for sissies"), grew strong enough to hold a 98-lb. anvil over his head, but never once stopped dreaming of the day he would become a soldier. He sent away for cereal buttons, collected old CCC caps, medals and sheriff badges, and wore them all, strutting around the house...
DROUGHT areas in 15 states and Hawaii will continue to get cut-rate emergency feed from the government even though the Commodity Credit Corp. has used up its special $40 million feed allotment. President Eisenhower has told the CCC to use some of its price-support funds...
...support programs are imperiled, the Davis proposal posed a tough problem. To accept it would be backtracking on the Administration's announced program to liberalize U.S. trade policies. To refuse it would be to jeopardize Republican votes in the thinly populated western sheep-raising states, and to aggravate CCC's surplus problems. And if he succumbed to pressure from wool growers to increase the fee from 7? to 12? or 15?, other industries might ask for more protection...