Word: leveling
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Dates: during 1930-1939
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...every quart of milk and cream that go into butter and cheese, on every pound of cotton the spinner makes into cloth. This processing tax, heart of the Roosevelt relief scheme, is a variable quantity which the Secretary of Agriculture adjusts to bring farm prices up to the desired level. Once they are at pre-War parity, the tax scales off and disappears. Processors pass the tax on to consumers in increased food prices. In effect, it is a sales tax on basic necessities-the kind of levy President Roosevelt and the Democratic party view with horror if formally applied...
Facts 6 Feathers. On the floor there was little detailed discussion of the provisions of the bill, which gave the Secretary of Agriculture absolute powers to try to raise farm prices to the 1909-14 level by means of idle acreage leases, speculative cotton options, subsidized crop reductions and price agreements. It also armed him with a processing tax which may cost John Consumer & family a billion dollars a year. Opponents harped on the fact that it would require thousands and thousands of Federal agents to administer the new law and that the Democrats were feathering their political nest...
...Department of Agriculture scientists reported progress in their fight against downy mildew, foe of hops. ¶From Chicago's Wahl-Henius Institute were graduated 24 brewmasters, the first class in 17 years. Orated Dr. Max Henius: "Make all efforts to keep the industry on the highest level, free from the fetters of politics and the saloon." ¶By working 24 hours a day a St. Joseph, Mo. factory was turning out ten tons of pretzels per day. Orders were two months behind...
Since Mid-1929, farm commodity values have dropped 60%. whereas nonagricultural prices have declined only 32%. The prime purpose of the Roosevelt bill was to pull farm prices up to the same level as other prices. Commodities selected for upping: wheat, cotton, corn, hogs, cattle, sheep, rice, tobacco and milk and its products. Picked as a standard to which agricultural prices were to rise to restore their parity with industry was the average pre-War level of 1909-14. Five bushels of wheat then bought a good pair of shoes which today cost nearer twelve. Secretary...
...charmed circle were scared to death last week, would be understatement. Panic made cowards of the bravest of brave German Socialists and Communists. Even Catholics trembled-except Dr. Hans Luther. It was accurately said that in less than two weeks Chancellor Hitler has reduced his opponents to a lower level of groveling fear than did Premier Mussolini in the two years after the March on Rome...