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...spring the county health department obtained an injunction against the farm's racially mixed camp for children. A construction company refused to dredge the creek for swimming when they learned there was to be interracial bathing there; a crop-dusting firm refused to dust the farm's cotton. Then came dynamite-three sticks of it-which blew up the farm's roadside produce stand. After that there was an avalanche of insurance policy cancellations...

Author: /time Magazine | Title: Religion: Embattled Fellowship Farm | 9/17/1956 | See Source »

...COTTON SURPLUS...

Author: /time Magazine | Title: New Hope for a Permanent Cure | 9/17/1956 | See Source »

...Hope for a Permanent Cure OLD King Cotton has been sick for years, and getting progressively worse. But now, for the first time since the Korean war, there are hopeful signs of recovery. In the 1956-57 marketing year the staggering cotton surplus, currently at an all time record 14.1 million bales, is expected to level off or perhaps even decline a bit. More important, the Government is trying new medicines on cotton, all aimed at effecting a permanent cure in the years to come...

Author: /time Magazine | Title: New Hope for a Permanent Cure | 9/17/1956 | See Source »

Last week the U.S. Export-Import Bank lent Japan $60 million to be used for importing more raw cotton from the U.S. The loan was one part of a broad program designed to boost both overseas and domestic consumption while holding down production. The goal for 1956-57 is a 20%-25% increase over total cotton sales in 1955-56 by doubling exports to 4,500,000 bales while keeping domestic consumption at last year's 9,200,000-bale level or even increasing it. With flexible price supports between 75% and 90% of parity, Agriculture Secretary Ezra Taft...

Author: /time Magazine | Title: New Hope for a Permanent Cure | 9/17/1956 | See Source »

...surplus by stepping up grants and loans to underdeveloped nations, selling the rest. Though the U.S. is flatly against "dumping," i.e., selling at any price, it has moved into world markets with a big program to dispose of some 7,000,000 bales of high-grade Government-owned cotton abroad at competitive world prices by subsidizing U.S. exporters, has already sold 3,000,000 bales. On the total, the U.S. stands to lose as much as $220 million (it paid 32? per Ib. for the cotton, can sell it for, at most...

Author: /time Magazine | Title: New Hope for a Permanent Cure | 9/17/1956 | See Source »

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