Word: wickard
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
These new rates mean increased costs to almost every big U.S. manufacturer, to consumers and to the Government, now the nation's largest single shipper. Yet at the ICC hearings the only real opposition to it came from farmer-befriending Secretary Wickard. Not even Leon Henderson protested. For he knew the boost, however inflationary, was probably inevitable...
First Claude Wickard, the farmers' friend, blasted more-than-parity prices in a speech in Atlanta, sent farm prices skidding. Two days later, the President issued a formal statement about the price bill he had just signed. Said he: "I am requesting the departments of the Government possessing commodities to make such commodities available to other departments in order to aid our war effort. This request, primarily, will affect the cotton stocks of the Commodity Credit Corp. and will permit such stocks to be utilized, directly or by exchange, in the production of war goods. . . . The request will also...
...method by which he repealed them was exquisitely simple. Claude Wickard, red-faced and squirming but holding his ground, explained it before the enraged Senate Agriculture Committee: no law, he said, stopped him from unloading Government stocks, at Government prices, privately, for the war needs of other Government departments. He could have his surplus wheat made into bread to feed the Army & Navy, his cotton into sheets and shirts to sleep and clothe them, his corn into alcohol for their shells. When the Senators were still skeptical (the price bill prohibits "sale or disposition" of Government-held stocks except...
Since Army & Navy are taking a huge chunk of all farmers' produce, Messrs. Roosevelt & Wickard had a pretty big price stick after all. A disgusted Congress could still vote more farm subsidies and dare the President to veto them. But as House Banking Committee Chairman Henry B. Steagall ruefully put it, "there's nothing in the bill that can repeal the right of free speech"-and a Roosevelt crack is still good for a break in the market...
...three alternative "floors'' were set up: 1) 110% of parity; 2) Oct. 1 or Dec. 15 market prices, whichever are higher; 3) the 1919-29 average price. Furthermore, Leon Henderson's ceiling, when set, is made subject to the veto of Secretary of Agriculture Claude R. Wickard. Further than that, the bill exempts from any price control any commodities now or in the future under marketing agreements-potatoes, tomatoes, oranges, lemons, grapefruit, walnuts, peas, cauliflower, onions, hops, plums, peaches, pears, grapes, fresh and evaporated milk...