Appropriation for Retirement of 1933 Cotton Pool Participation Trust Certificates: Hearings ... 75th Congress, 3d Session, on the Estimate in House Document No. 535 and on H.J. Res. 6161938 - 31 pages |
From inside the book
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Page 7
... Treasury in order to give him $ 3 additional , when he is so much better off than the man who just took the cash proposition to begin with and who got only $ 110 . Why is not the farmer who just took the cash to begin with en- titled to ...
... Treasury in order to give him $ 3 additional , when he is so much better off than the man who just took the cash proposition to begin with and who got only $ 110 . Why is not the farmer who just took the cash to begin with en- titled to ...
Page 12
... Treasury of the United States as miscellaneous receipts . In connection with the transfer of this sum to the Treasury of the United States , it was determined that no part of this sum was obligated to members of the pool . In view of ...
... Treasury of the United States as miscellaneous receipts . In connection with the transfer of this sum to the Treasury of the United States , it was determined that no part of this sum was obligated to members of the pool . In view of ...
Page 18
... Treasury . The Government has already lost a vast amount of money in its efforts to assist them . Mr. LUDLOW . What is the moral responsibility , if any , of the Gov- ernment to take up these certificates ? Mr. LAMKIN . Actually there ...
... Treasury . The Government has already lost a vast amount of money in its efforts to assist them . Mr. LUDLOW . What is the moral responsibility , if any , of the Gov- ernment to take up these certificates ? Mr. LAMKIN . Actually there ...
Page 19
... Treasury on the 1st of July ? Mr. TAPP . $ 1,300,000 has been covered in , and the other $ 500,000 has not been covered into the Treasury . Mr. CANNON . Mr. Lamkin or Mr. Peyton - whichever one of you prefers to answer - we would be ...
... Treasury on the 1st of July ? Mr. TAPP . $ 1,300,000 has been covered in , and the other $ 500,000 has not been covered into the Treasury . Mr. CANNON . Mr. Lamkin or Mr. Peyton - whichever one of you prefers to answer - we would be ...
Page 21
... Treasury from the account $ 1,300,000 , and the balance that he has in the cotton account amounts to $ 572,000 , approximately . Mr. CANNON . What is this $ 572,000 ? Mr. LAMKIN . The $ 572,000 is the balance ; the balance now . Mr ...
... Treasury from the account $ 1,300,000 , and the balance that he has in the cotton account amounts to $ 572,000 , approximately . Mr. CANNON . What is this $ 572,000 ? Mr. LAMKIN . The $ 572,000 is the balance ; the balance now . Mr ...
Common terms and phrases
4-cent distribution acres of cotton Agricultural Adjustment Act BACON bales of cotton borrowed brown certificate Budget BUELL SNYDER C-5-I certificate canceled CANNON carrying charges cash option cash payment cents a pound cents per pound certificate holders CHAIRMAN CLARENCE CANNON Congress cotton option cotton pool participation cotton producers crop Department of Agriculture entitled estimate of appropriation farm bill Farm Board Farm Credit Administration figures Futures contracts gotten House committee JOHN TABER JOHNSON June 30 LAMKIN legislation lint cotton liquidated loss LOUIS LUDLOW LUDLOW MCMILLAN option contract option cotton Oscar Johnston participation trust certificates PEYTON plowed pool account pool members pool participation trust pooled cotton pounds of lint profit proposition retirement of cotton Secretary of Agriculture Secretary's account Secretary's cotton account selling Senator BANKHEAD Senator SMITH seven-eighths-inch Middling TABER TAPP third bite three bales took the cash transferred Treasury WIGGLESWORTH
Popular passages
Page 2 - The details of this supplemental estimate of appropriation, the necessity therefor, and the reason for its transmission at this time are set forth in the letter of the Acting Director of the Bureau of the Budget, transmitted herewith, with whose comments and observations I concur. Respectfully, FRANKLIN D. ROOSEVELT. BUREAU OF THE BUDGET. Washington, March X, 19&.
Page 29 - No; it is more than an accounting problem. It is an administrative problem. It is a matter for the Secretary of Agriculture to determine ultimately the extent to which certain items that are credited in the Secretary's so-called private account are pool items. My personal opinion, as manager of the pool and as a lawyer, is that when the pool is liquidated every dime over and above the amounts required to pay the Treasury of the United States the amount advanced and to pay the operating costs is entitled...
Page 3 - Agriculture may, in his discretion, from time to time make payments on said construction as the same progresses, but these payments, including previous payments, if any, shall not be more than the United States...
Page 25 - FOR IT, AND ESTIMATED LOSSES The following table shows the number of bales of spot and futures cotton delivered by the American Cotton Cooperative Association, the Staple Cotton Cooperative Association, and the Cotton Stabilization Corporation to the Farm Credit Administration, and transferred to the Secretary of Agriculture during 1933. The revolving fund, established under the Agricultural Marketing Act, had loans on this cotton. The following shows the cost of cotton, the credits applicable to...
Page 3 - Department to recondition building ways and provide equipment and facilities for the construction of naval vessels at navy yards, as authorized by the above-mentioned act. The estimates of appropriation submitted herewith are to provide funds toward the construction of naval vessels authorized by legislation enacted since the transmission of the Budget for the fiscal year ending June 30, 1930. I recommend that the estimates be transmitted to Congress. Very respectfully submitted, HM Lout).
Page 3 - Provided, That the Secretary of Agriculture may, in his discretion, from time to time transfer to the General Accounting Office such sums as may be necessary to pay administrative expenses of the General Accounting Office in auditing...
Page 24 - Government of the cotton delivered to the Secretary of Agriculture under the Agricultural Adjustment Act of 1933, I am enclosing a memorandum on this subject which I believe is self-explanatory.