Word: pre-war
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...Last week the Department of Agriculture announced that, in mid-March, farm prices were exactly 50% of the pre-War average whereas things the farmer buys were 3½% above that level...
...enormous powers buried deep in the Roosevelt farm bill. In his diffident way he had already given the Senate committee his views on this measure, designed to restore farm purchasing power by artificially raising the prices of cotton, corn, wheat, tobacco, rice, hogs, sheep, cattle and dairy products to pre-War parity with industry.* Nothing short of the broadest and most flexible authority, he had testified, would suffice to solve the farm problem. After such a sweeping grant it was up to Congress and the country to trust him to use it with discretion...
...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 to manufactured commodities. What...
...people accused of maltreating their animals. They may be even more bitter if the protector is a beauteous society woman who was once a famed public character. Irene Castle McLaughlin, whose zeal for animal welfare is now almost as famed as were her dancing and style-setting in pre-War days, found that out again in Waukegan, Ill. last week...
...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 56? per bu., the cotton 7? per Ib., the beef 2¢ per Ib. Such taxpayers were made eligible to borrow the necessary funds from R. F. C. Processors of farm products for export were...