Word: grains
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Dates: during 1920-1929
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...prime G. O. Policy: no government competition against private business. Last week's rumor: private grain commission men in Chicago and Minneapolis were fighting for their economic lives against the Farmers' National Grain Corp. created and largely financed by the Federal Farm Board as a direct cooperative sales agency for grain growers. Last week's development: the Senate Lobby Committee summoned Julius Howland Barnes to tell what, if anything, he knew of a secret widespread movement among private grain commission men to "restrain the Federal Farm Board," to undermine its attempts to establish a quasi-official enterprise...
...power in the grain commission and export business (he headed the U. S. Food Administration Grain Corp. during...
...effect supporting the private grain commission men, the chamber's agricultural committee declared: "The Chamber advocates cooperative marketing . . . only in so far as they are not discriminatory against other private enterprise. ... It is of vital importance to the preservation of private capital investments in storage and other physical marketing facilities that the duplication of such facilities by use of federal loans be not allowed
...Senate, northwestern Senators swung to the support of the Federal Farm Board, flayed the private commission men as "gamblers." A rush of denials of trouble flowed from Farm Board Chairman Alexander Legge, Mr. Barnes, Chicago and Minneapolis grain men. From the White House came a broad hint that President Hoover would support his farm board chairman sooner than his business committee chairman in this controversy...
Reason: identical. The capitalist owners, Signore Luigi Capi and Signore Grazio Capograsso, have not been fighting the "Battle of the Grain" as ordered by Black Shirt Dictator Benito Mussolini (TIME...