Word: toed
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Dates: during 1920-1929
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A prime G. O. Policy: no government competition against private business. Last week's rumor: private grain commission men in Chicago and Minneapolis were fighting for their economic lives against the Farmers' National Grain Corp. created and largely financed by the Federal Farm Board as a direct cooperative...
3) chief of President Hoover's National Business Committee of 72 to restore industrial equilibrium (TIME, Dec. 16):
In effect supporting the private grain commission men, the chamber's agricultural committee declared: "The Chamber advocates cooperative marketing . . . only in so far as they are not discriminatory against other private enterprise. ... It is of vital importance to the preservation of private capital investments in storage and other physical...
." In the Senate, northwestern Senators swung to the support of the Federal Farm Board, flayed the private commission men as "gamblers." A rush of denials of trouble flowed from Farm Board Chairman Alexander Legge, Mr. Barnes, Chicago and Minneapolis grain men. From the White House came a broad hint that...
Biggest Cooperative. Last week at Memphis the Federal Farm Board laid foundations for the world's largest farm cooperative-a $30,000,000 cotton sales organization built around the American Cotton Growers Exchange. Into the national agency will be merged the cotton cooperatives of 15 states. Critic Lowden. To...