Word: withdrawal
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Dates: during 1950-1959
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What Benson did not say was that in Iowa, as in other drought-ridden states where a man makes a decision with an eye on the weather and a hand on his pocketbook, thousands of canny farmers are treasuring options that will permit them to withdraw their land from the soil bank by July 20 if they change their minds. Reason: if enough rain falls before that date, many will go ahead with their crops in anticipation of a higher per-acre income than the soil bank would pay (an average of $44 an acre) if the crops were plowed...
Objections began rolling in. About 30% of the congregation was vociferously opposed: many threatened to withdraw or to cancel their church pledges. "The so-called Old Guard Bostonians," said Hale, "are not objecting. Most of the protests are from successful businessmen from 40 to 55 years old. It's strange. None of them objected to my requests for financial support of the boycott in Montgomery, Ala. We had almost 100% response in contributions. They're against segregation until it comes right down to themselves...
...gave reluctant support to Franklin Roosevelt only after F.D.R. became the convention's choice. Ely charged that a "pink fringe of Socialists and Communists" surrounded F.D.R., and Ely's supporters averred that his unsuccessful 1944 candidacy was designed to split the Democratic Party and force Roosevelt to withdraw...
...market's oscillations, U.S. businessmen seemed to view the presidential illness without alarm. Said Los Angeles Stock Exchange Vice Chairman Frank E. Naley: "If his recovery is rapid and complete, there should be no letup in the record industrial expansion. A slow recovery or a decision to withdraw from politics could possibly cause some hesitation, but would not stop the expansion program. The momentum is too great." Added Inland Steel's President Joseph L. Block: "Over the long range, no one man's health can have much effect. The forces in the economy are too powerful." Said...
After a conference with the President, Ezra Benson announced plans for making immediate soil-bank payments to farmers who withdraw land from crop production this year. Benson's move was specifically authorized by the new bill, although Congress had refused to go along with the Administration's request for 1956 payments to farmers contracting to enter the soil-bank program in 1957. Benson's schedule of payments was generous: if based on the average yield over the last five years, it would offer $22 for each acre of wheat withheld from production (estimated per acre market value...