Word: plans
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Dates: during 1930-1939
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Walter Reuther, a canny little ex-Socialist who controls U. A. W.'s huge West Side Local in Detroit, had fathered a plan to abolish dissension by abolishing four of the five vice-presidencies, leaving one for himself. Messrs. Murray & Hillman got the convention to adopt a more complete cure: do away entirely with vice presidents...
Well aware was Franklin Roosevelt that this proposal conflicts with New Deal trade philosophy. By a similar plan, Adolf Hitler has so affronted the Administration that last month Secretary Morgenthau clapped an extra 25% duty on German exports proved to have been subsidized. Secretary of Agriculture Henry Agard Wallace is on record as opposing cotton export subsidies (although Federal Surplus Commodities Corp. has since July 1938 dumped 67,000,000 bushels of wheat abroad). But last week Cordell Hull and Henry Wallace no less than Franklin Roosevelt felt that King Cotton, overloaded by a bumper 1937 crop...
Liveliest opposition to the dumping plan came last week from the Senate Cotton bloc. South Carolina's Purge-proof Ellison D. ("Cotton Ed") Smith had another solution : to give farmers parity payments instead of loans after the present crop season, release the Government's holdings in 1940. And Alabama's John Bankhead had still another: let farmers buy back their hocked cotton for 3? a pound, sell it at a quick profit, promise to reduce their acreage correspondingly...
...unduly disturbed was the President when the Senate suddenly took its own head and passed the Bankhead plan, upping the price the farmers would have to pay from 3? to 5? a pound and limiting sales to 2,000,000 bales. For with the help of House Agricultural Chairman Marvin Jones, and with time working against the Bankhead plan because planting had already started, he counted on it dying an early death in the House. Meantime, the Department of Agriculture already had $5,000,000 available to put the Roosevelt plan into operation...
Northwestern's new institute will be conducted on this cooperative plan, whereby students spend equal periods studying in the school and working in industry, take five years to complete the course, will be virtually assured of a job when they finish. Offering civil, mechanical, electrical and chemical engineering courses, the institute will open in September 1940, eventually accommodate 800 students...