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 |
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Page 2
... authorized to be appropriated . The above supplemental estimate of appropriation is made necessary by legis- lation enacted since the transmission of the Budget for the fiscal year 1938 . I recommend that it be transmitted to Congress ...
... authorized to be appropriated . The above supplemental estimate of appropriation is made necessary by legis- lation enacted since the transmission of the Budget for the fiscal year 1938 . I recommend that it be transmitted to Congress ...
Page 3
... authorized specifically by the act and were offered to the cotton producers . They could take a full payment in cash for their acreage adjustment or a part payment in cash plus the option on some cotton . That option was at 6 cents per ...
... authorized specifically by the act and were offered to the cotton producers . They could take a full payment in cash for their acreage adjustment or a part payment in cash plus the option on some cotton . That option was at 6 cents per ...
Page 17
... authorized to be acquired by the Secretary for the purpose of distributing the proceeds to these cotton farmers . They were , at that time , in a very bad situation as everybody knows who lives in the Cotton Belt . Now , each one of ...
... authorized to be acquired by the Secretary for the purpose of distributing the proceeds to these cotton farmers . They were , at that time , in a very bad situation as everybody knows who lives in the Cotton Belt . Now , each one of ...
Page 24
... authorized by the Agricultural Adjustment Act American Cot- Staple Cotton Cotton Stabili- ton Cooperative Association Cooperative Association zation Cor- poration Total Loans canceled May 12 , 1933 : Principal .. Interest .. Total ...
... authorized by the Agricultural Adjustment Act American Cot- Staple Cotton Cotton Stabili- ton Cooperative Association Cooperative Association zation Cor- poration Total Loans canceled May 12 , 1933 : Principal .. Interest .. Total ...
Page 28
... authorize a thing to be made a negotiable transaction as between the certificate holder and the man that wants to purchase it , it should be honored . The CHAIRMAN . Are they negotiable in the general sense that they can be transferred ...
... authorize a thing to be made a negotiable transaction as between the certificate holder and the man that wants to purchase it , it should be honored . The CHAIRMAN . Are they negotiable in the general sense that they can be transferred ...
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.