Word: aaas
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...elbow. The Secretary explained that: 1) the production of corn and hogs must be cut because the export of pork had fallen off; 2) the packers would be handed a code which provided the Government access to their books, power to control their margin of profit; 3) the AAA's milk marketing agreements were unsatisfactory and would have to be revised to control dairy production...
...Peek, like NRA's General Johnson with whom he was once a partner in the Moline Plow Co., is rated a "Baruch man." Ever since President Roosevelt gave him the AAA he has been fighting clear of the Braintrusters who stood close to Mr. Wallace in the Department of Agriculture-Assistant Secretary Tugwell, Columbia professor, and AAA Counsel Jerome Frank, disciple of Felix Frankfurter. They favored restricting production, holding down the profits of processors and distributors. Their aim was not just recovery for the farmers but a radical step: permanent "socialization" of the processing and distributing business. When they...
...little use had Mr. Peek for their ideas that he had practically picked a separate AAA staff to avoid having to deal with the Braintrusters. Unable on his part to oust Mr. Frank, one of his most outright opponents, he had retained at his own expense Frederic Lee as his personal counsel. First result of the two factions working at cross purposes was virtual sabotage of the AAA program. The Braintrusters held up codes for packers and food distributors because they wanted stiff provisions to socialize those industries. Mr. Peek held back on crop restriction plans because he wanted more...
Rumpus. The night of Mr. Wallace's remarks to the Press the excited theorists carried their quarrel to the White House. The President tried compromise. He got Mr. Wallace, Mr. Peek, General Johnson together, decreed that all codes being negotiated by AAA should be transferred to NRA, except those for the first processors of agricultural products and for handlers thereof before the first processing. The codes thus transferred were put beyond the reach of the radical Braintrust group, but regarding the codes left behind, the Braintrusters had the victory...
Meanwhile Mr. Wallace, with Mr. Tugwell standing at his elbow, told the Press that the objectives of the AAA were "a better balanced income in order to give the farmers a fair share without doing injustice to the consumer. I think George and Rex see absolutely eye to eye on these objectives." Meanwhile, also, Braintrusters were intimating to the Press "off the record" that Mr. Peek had messed up the AAA. Mr. Peek was reported to have told friends that: 1) either he or Mr. Frank would have to go; 2) he would be ready to appear at any time...