Word: tobacco
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Dates: during 1930-1939
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...down on it. The impressive-looking vibrator which he was allowed to use for this purpose was his Business Advisory & Planning Council, chairmanned first by Franklin Roosevelt's friend Gerard Swope of General Electric, later by Uncle Dan's friend Samuel Clay Williams of R. J. Reynolds Tobacco Co. There is nothing in the record to show that the BA & PC and Uncle Dan ever really altered Franklin Roosevelt's attitude toward Business, but several times it revived that sufferer's failing heart with short waves of Confidence...
Growers of dark and burley tobacco, 240,000 strong, last week voted on AAA's proposal to impose compulsory marketing quotas on their crops for 1939. Result: 61.2% Yes for burley, 60.5% Yes for dark, both short of the two-thirds approval necessary for the quota. Since flue-cured tobacco growers and rice farmers turned down quotas last fortnight and cotton is the only major crop that has yet accepted one, for the next crop year AAA's score is one "victory," four "defeats." Result: an increase in the already flourishing crop of pre-Congress AAAttacks, AAAlibis (TIME...
Best AAAlibi was that tobaccomen, who accounted for three of the defeats, needed compulsory quotas least-because as a result of this year's quotas tobacco prices are relatively better than those for any other major crop. Said AAAdministrator Rudolph M. Evans: "They decided the voluntary control program was all that's needed. Maybe they are judging the situation better than we at the Department...
...first year under AAA II which was designed to keep five major crops up to "parity prices." only one crop (at average farm prices), tobacco, is selling above parity. Corn, at 41? rice at 58?, cotton at .08?, all stand just above half. Wheat, at 52?, is less than half. For the first time in five years farm income has backslid-10%-to $7,625,000,000. Over Franklin Roosevelt's budgetary wails, Congress voted a $212,000,000 appropriation for direct parity payments plus the $500,000,000 earmarked for soil conservation payments; but in the election farm...
...Burley and dark tobacco vote this week...