Word: cottons
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Dates: during 1930-1939
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...Orleans, Aug. 9-(AP)-Cotton broke more than $2 a bale here today on selling induced by the Government estimate of 15,593,000 bales for the 1937 crop...
Franklin Roosevelt sitting in his study, was less than human if he did not smile. Nature, which allowed the cotton farmer 170 lb. for his average acre during the ten years preceding 1933, was about to bestow a bountiful 223 lb. per acre, equal to 151 S's, highest yield in U. S. history. Reasons: Abandonment of less productive acres in favor of cash benefits; scientific seed improvement. Results: The price of cotton had tumbled from about 12? last spring to 10?, cotton farmers' loud cries of "Do something!" were resounding in Southern Congressmen's ears...
Owners of those ears had already discovered that the only man who could very well do something was Franklin Roosevelt. In his Commodity Credit Corporation's purse he had $135,000,000 with which he could peg the price of cotton at 10? or 9?. Long ago Congress had turned over control of that purse to the Executive Department. Cotton-conscious Congressmen squirmed and realized that they were the very ones who had stood or tried to stand in the way of Franklin Roosevelt's pet Wages & Hours and Housing Bills...
Senator Ellison D. ("Cotton Ed") Smith, chairman of the Senate Agriculture and Forestry Committee, plans a committee junket this fall into the farm hinterlands to study conditions first hand, then report a bill for enactment next session. Therefore, when he learned that Messrs. Bilbo and Black had 40 names on their petition Cotton Ed stormed into the Senate: "Mr. President ... I think it is unfair to the committee. . . . We are studying the problem and doing the best we can to solve it. The farmer himself is only afraid of suffering because of the act of God. He has reduced...
...Whereas New York or Georgia might refine all the sugar they could get their hands on, the House restricted Hawaiian refiners to 3%, Puerto Rico refiners to 16% of their own sugar which they produce for consumption on the mainland. This action Congressman Maury Maverick compared to declaring that "cotton grown in North Carolina couldn't be made into towels there...