Word: collections
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Dates: during 1930-1939
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...amendment. Such action was expected promptly and without change as a result of a conference between the two houses. The sheer physical bulk of the farm bill with amendments was more than matched by the dictatorial powers it gave the President over Agriculture and Finance. He could fix and collect a processing tax on wheat, cotton, corn, hogs, dairy products, tobacco, rice, sugar beets and cane with which to pay producers of these commodities...
...were to go on trial with him, but the father last week lay ill unto death with apoplexy and his life insurance of $72,000 was in danger of lapsing unless premiums were paid. Receivers for Illinois Life were seeking funds to pay the premiums so that they could collect the $72,000 for the company...
Rented Acres. Another crop-cutting device, endorsed by Elder Statesman Bernard Mannes Baruch, called for the Secretary of Agriculture to lease lands which farmers agreed to leave fallow. Previous estimates were to the effect that farmers would collect about $3 for every acre they left uncultivated, though the bill allowed the Secretary to set his own rental. Conceivably a shrewd farmer could rent enough of his land to the U. S. to remain idle all year...
Processors Taxed. Also provided was a means of raising the millions & millions to pay farmers for better obedience to the law of supply & demand. The Secretary of the Treasury was to collect a tax, fixed by the Secretary of Agriculture, on the processing of wheat into flour, cotton into cloth, hogs into ham, corn into meal, milk into butter. This tax, which processors were expected to pass on to consumers, must "equal the difference between the current average farm price for the commodity and [its] fair exchange value"- that is, pre-War parity. Thus the wheat processing tax last month...
Upon reading the Allies' demands on Germany for Reparations, he said: "If they are to collect that much from us, the world will have to absorb our exports in quantities which will ruin their trade- something the Allies cannot permit. Therefore they cannot collect the Reparations they propose...