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
Results 1-5 of 7
Page 4
... three bales of cotton ? Mr. BACON . They gave him 6 cents plus the option ? Mr. TAPP . The farmer either took cash entirely or cash plus this cotton option . Mr. TABER . You mean he was offered cash , the same amount of cash if he took ...
... three bales of cotton ? Mr. BACON . They gave him 6 cents plus the option ? Mr. TAPP . The farmer either took cash entirely or cash plus this cotton option . Mr. TABER . You mean he was offered cash , the same amount of cash if he took ...
Page 5
... three bales ? Mr. PEYTON . No. He takes $ 80 in cash . Then he was given an option contract representing three bales of cotton . Mr. BACON . How much did he realize on those three bales , less the cost of handling , selling it at 11.38 ...
... three bales ? Mr. PEYTON . No. He takes $ 80 in cash . Then he was given an option contract representing three bales of cotton . Mr. BACON . How much did he realize on those three bales , less the cost of handling , selling it at 11.38 ...
Page 6
... bales of cotton are you figuring on ? Mr. TABER . Three bales , at the average price . The Mr. PEYTON . You have a 4 - cent distribution the first time . second time he received $ 7.60 a bale , which is 2 cents less carrying charges ...
... bales of cotton are you figuring on ? Mr. TABER . Three bales , at the average price . The Mr. PEYTON . You have a 4 - cent distribution the first time . second time he received $ 7.60 a bale , which is 2 cents less carrying charges ...
Page 7
... third row ? His 6 acres of cotton , according to generally accepted estimates , would have produced an average of half a bale an acre . It would have brought him in three bales of cotton . Three bales of cotton were selling at that time ...
... third row ? His 6 acres of cotton , according to generally accepted estimates , would have produced an average of half a bale an acre . It would have brought him in three bales of cotton . Three bales of cotton were selling at that time ...
Page 8
... third row and so instead of raising three bales , he raised two bales . He starts here with two bales of cotton instead of the three bales he otherwise would have raised . Let us assume he was a fore- sighted man who took the ...
... third row and so instead of raising three bales , he raised two bales . He starts here with two bales of cotton instead of the three bales he otherwise would have raised . Let us assume he was a fore- sighted man who took the ...
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.