Word: aaas
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Although the New Deal has striven through AAA I and II to cut crop production for six years, the nation has been steadily faced by a great economic, political, humanitarian dilemma: agricultural plenty existing side by side with human want. To resolve it without dislocating business has proved a ticklish...
...price plan late in January, he was succeeded by a well-groomed young (39) businessman named Milo Randolph Perkins. In 1934 when outspoken Milo Perkins was running his own cotton-bagging business in Houston, he wrote Henry Wallace a hot letter denouncing administrative red tape in the first AAA, wrote an article in the Nation excoriating the shortsightedness of his fellow capitalists. In 1935 Henry Wallace hired Mr. Perkins as Assistant Secretary. He later became Assistant Farm Security Administrator, learned plenty at first hand about the woes of stricken agriculturists. Last week Washington Correspondent Alfred Stedman of the St. Paul...
Taxes. "It would be unwise . . . to impose drastic new taxes. . . . I think we might safely consider moderate tax increases which would approximately meet the increased expenditures on [national defense and AAA...
...over the Reorganization Bill. Before that he had confined his blue pencil to Government expenses for publicity, such frills as an expense account turned in by the President's ten-man junket to study European marketing co operatives. More recently Mr. Elliott refused to O. K. expenditures for AAA's scheme to pay growers $10 a bale for cotton surrendered for loans, termed a Navy contract with Cleveland's Wellman Engineering Co. "illegal," watched complacently from the sidelines as three of his accountants last November filled the TV A investigating committee with unflattering accounts of TVA accounting...
...efforts to bring farm prices into line, the New Deal has only three alternatives: 1) boost crop prices by controlling farm production, in which AAA I and AAA II have only partly succeeded; 2) lower prices of manufactured goods; 3) devalue the dollar again, giving commodity prices an inflationary shot in the arm. With new devaluation already threatened for the weak currencies of Britain and France, the homecoming of Ambassador Kennedy from England last fortnight hatched a new brood of rumors that the dollar's gold content was about to be cut from 59? to 50?. Asked about these...