Word: cottons
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Dates: during 1930-1939
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...Capitol by telephone. At 9:30, with an array of microphones before him on his desk, he spoke to the Young Democrats of America. When he finished he called the Capitol again. The news of adjournment was not so good. It got worse. In the Senate the matter of cotton loans was the slip that had come between...
...Generalissimo's trumpet call all his generals and their hundreds of thousands of unemployed soldiers would gladly come a-running. Anyhow even a small British loan (Chinese mentioned $25,000,000 last week) would come in as handy for current expenses as did the $50,000,000 cotton & wheat credit from the U. S. (TIME, Sept...
...rare interview in 1929. George Morrow remarked: "We are like Tunney. We have never been beaten." At that time the statement was true. The Brothers Morrow, having migrated to Manhattan from a farm near Toronto, had taken a hand in Gold Dust Corp., been enormously successful in revamping American Cotton Oil Co., had built up an enviable reputation as smart corporate reorganizers. After 1929 the Morrows were once set back on their heels when United Cigar Stores, which they controlled, went bankrupt. But their troubles with United Cigar did not prevent them from acquiring another damaged retail chain last year...
Secretary Wallace put on a bold front. The U. S. surplus not only keeps the price of cotton down but also endangers a $270,000,000 investment which the U. S. Government has in cotton. To peg cotton's price last year Secretary Wallace offered to lend producers 12? per lb. on cotton. When cotton began selling be, low 12? per lb. the Government had to take everybody's cotton. It has already taken 4,500,000 bales...
Very dearly would Secretary Wallace like to get out of holding this profitless bag, stop making any more 12? loans. But with the price of cotton threatened by a crop that is huge by 1935 standards of consumption, it was last week becoming politically more & more difficult for him to refuse to make another price-pegging loan offer. In effect, he was in that unfortunate position in which Herbert Hoover's Farm Board found itself when that luckless agency tried valiantly but vainly to peg the price of wheat...