Word: milked
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Dates: during 1930-1939
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...Secretary's power to tax. To raise money to pay land rents and Domestic Allotment "benefits" he may levy on every bushel of wheat the miller turns to flour, on every pound of pork and beef the packer turns to ham and steak, on 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...
...drink, to love, to be merry"). At first the Rathskeller had another bit of Munich realism - a six-inch layer of sawdust on the floor - but it got in people's shoes, was removed. Last week the Rathskeller was as usual selling .5% beer and chocolate milk shakes, while students clamored for 3.2% beer as soon as possible. President Fred H. Clausen of the University Board of Regents was against it on the grounds that Repeal might be endangered. Downing a glass of milk in the Rathskeller he said : "I don't believe beer will be sold here...
Texas' Marvin Jones, chairman of the House Committee on Agriculture, refused to sponsor the Administration's measure because he objected to some of its price-raising machinery for wheat, cotton, tobacco, corn, rice, hogs, cattle, sheep, milk and milk products. "But," said he, "while this war is on, I'm going to follow the President. I don't think the bill can make things worse. God knows we all hope it will make them better...
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...
...raising the millions & millions to pay farmers for better obedience to the law of supply & demand. The Secretary of the Treasury was to collect a tax, fixed by the Secretary of Agriculture, on the processing of wheat into flour, cotton into cloth, hogs into ham, corn into meal, milk into butter. This tax, which processors were expected to pass on to consumers, must "equal the difference between the current average farm price for the commodity and [its] fair exchange value"- that is, pre-War parity. Thus the wheat processing tax last month would have been around...