Word: utopias
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Dates: during 1940-1949
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Died. George Edgar Merrick, 55, land-boom multimillionaire, founder and developer of Florida's Coral Gables; of heart disease; in Miami. He had been planning to develop modest land holdings into a Utopia for the aged when the boom started; within ten years he and his associates created a city of some 3,000 houses, sold an estimated $150,000,000 worth of land. In 1926 Merrick founded the University of Miami with a gift of $5,000,000 and land. When the boom collapsed, he lost his fortune, retired to a Florida key to run a small fishing...
...from the 1940 boom. Then came Lend-Lease, and with it Secretary Wickard's appeal for huge quantities of dairy, poultry and pork products. Although the wheat, cotton and corn surpluses remained oppressive, the demands for food crops had begun a price rise, which the Congressional hayseeds, smelling Utopia, quickly climbed aboard. It took a Roosevelt veto to stop them from freezing the surpluses; but nothing could stop them from raising the floor under farm prices, nor from demolishing Leon Henderson's gingerly attempts to give them a ceiling. Result: farm prices led all prices upwards; farm income...
Monroe's Utopia Sirs: You've been talking about the Army...
...farm prices last week reached Utopia, the legendary level called "parity." The Department of Agriculture said that prices received by farmers were 131% of the 1909-14 level, up 36% in the past year; that prices paid by farmers (for equipment, clothes, etc.) also were 131% of the base years, 7% over a year ago. Thus the relationship between farm income and farm outgo is the same as in the fat pre-war years. Except for a brief spell in 1937, this magic balance had not been achieved since...
...Utopia is always somewhere else. The farmers want more. In Washington, Alabama's Senator John Hollis Bankhead advised farmers to keep their cottonseed off the market until prices hit $60 a ton (last week's price: about $47, an 18-year high). Wheat farmers have withheld so much (about 40%) of this year's bumper 950,000,000 bushel crop that the conservative Bureau of Agricultural Economics last week turned tipster, predicted wheat would jump another icxf; a bushel within a few months. It now figures 1941 U.S. cash farm income...