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...million more pounds of wool this year. To dispose of this huge surplus, Assistant Secretary of Agriculture John H. Davis last week asked the Tariff Commission to recommend a 7?-a-lb. additional duty on imported wool. With this protection, Davis hoped that the CCC could avoid any new wool purchases this year, and perhaps rid itself of half its old holdings. Wool growers, who wanted something more like the 16? proposed last year, said they were "stunned" by Davis' request. Despite the present 25½? wool tariff, imports have been making steady headway in the U.S. wool market...

Author: /time Magazine | Title: COMMODITIES: Too Much Wool | 9/14/1953 | See Source »

...Grain paid about $15,000 to two of Fell-rath's assistants, and another $36,000 to C. J. Winters, manager of a state-owned elevator in New Orleans, for similar services. Transit Grain was also charged with picking up some hotel bills for George C. Cunningham, a CCC official in Dallas, who was also in on the deal...

Author: /time Magazine | Title: COMMODITIES: Life in a Grain Elevator | 5/25/1953 | See Source »

News of the latest grain scandal first leaked out last month, when Houston's port commission fired Manager Fellrath and his assistants; CCC's Cunningham promptly resigned, and New Orleans...

Author: /time Magazine | Title: COMMODITIES: Life in a Grain Elevator | 5/25/1953 | See Source »

...CCC paid storage charges of more than $382,000 in 20 months to Kansas City's Mid-West Storage & Realty Co., even though the company rented the buildings from the Government at Camp Crowder, Mo. for only $11,270 a year. V. M. Harris Grain Co., also at Camp Crowder, got $290,335 for a surplus Army warehouse it rented from the Government for $16,713. (Sidney Smith, head of the CCC's Kansas City storage-claims office, was suspended for approving $84,000 worth of storage fees after shortages were discovered in the Harris...

Author: /time Magazine | Title: Business & Finance: Grain Scandals (Cont'd) | 2/11/1952 | See Source »

...employee, Stephen G. Benit Jr., was indicted by a federal grand jury in Fort Worth on charges of taking $1,750 in bribes from an Oklahoma grain-elevator company. Yet the committee found that Benit was given a $4,575-a-year job at OPS after being dismissed by CCC. Two other employees, in the Kansas City office, showed "official favoritism" toward Houston Texas' Lone Star Co., awarded it a contract even though its bid was higher than others submitted...

Author: /time Magazine | Title: Business & Finance: Grain Scandals (Cont'd) | 2/11/1952 | See Source »

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