Word: cottons
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Dates: during 1930-1939
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...Supreme Court last week continued the business of weighing the velvet offered farmers by the New Deal against the marble of the Constitution, "General" Reed had on his hands three all-important cases on two prime New Deal laws. One involved the Bankhead Cotton Control Act, without which crop reductions in the South might quickly go to pot. The other two were concerned with the AAAct and its processing taxes...
...Reed's troubles began to mount when the Supreme Court sat down to hear arguments on the case of Lee Moor v. Texas & New Orleans R.R. Co. Lee Moor is a Texas farmer with 3,500 acres, of which he normally devotes about 1,600 to growing cotton. Last year he grew some 2,700 bales of cotton, but, under the Bankhead Act, he was allotted a quota of only 855 bales, for which he was given tax-free tags...
...remaining 1,800 bales would have cost him $45,000. Therefore he took ten bales to the railroad, asked to have them shipped to New Orleans for transshipment to Liverpool. The Texas & New Orleans refused to take the consignment because the Bankhead Act forbade it to transport cotton that does not bear tags, either tax-free or tax-paid...
...Louis Southwestern ("Cotton Belt") Railway announced that on Jan. 1, 1956, it would default on $584,000 then due as interest on bonds. The" Southern Pacific owns about 87% of the "Cotton Belt," in which it has a $20,000,000 investment...
...unlocked a refrigerator car that had been locked eleven days before in California, found Glenn Boldan, 14, who had run away from his home in Motley, Minn. Half-frozen, exhausted and starving, Glenn Boldan had survived by chewing on his shoetops, his cap and the seeds of several cotton bolls he had bought for souvenirs in California, by sucking on ice he pulled through a chink in the refrigerator...