Reimburse Cotton Cooperative Associations: Hearings Before ..., 76-1 on S. 2585 ..., June 19, 24, and 28, 1939

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Página 64 - For the purposes of this resolution, the committee, or any duly authorized subcommittee thereof, is authorized to hold such hearings, to sit and act at such times and places during the sessions, recesses, and adjourned periods of the Eightieth Congress, to employ such clerical and other assistants, to require by subpena or otherwise the attendance of such witnesses and the production of such...
Página 64 - ... and to make such expenditures, as it deems advisable. The cost of stenographic services to report such hearings shall not be in excess of 25 cents per hundred words. The expenses of the committee, which shall not exceed $5,000, shall be paid from the contingent fund of the Senate upon vouchers approved by the chairman.
Página 25 - Mr. President, I ask unanimous consent that the letter of request, dated September 25, 1970, be printed at this point in the Record. (There being no objection, the letter was ordered to be printed in the Record, as follows : ) SEPTEMBER 25, 1970.
Página 3 - UNITED STATES SENATE, COMMITTEE ON AGRICULTURE AND FORESTRY, Washington^ DG The committee met, pursuant to call, at 10 :15 am, in room 324, Senate Office Building, Senator Allen J.
Página 64 - The committee shall report to the Senate at the earliest practicable date, the results of such investigation together with such recommendations as it may deem desirable.
Página 64 - Hearings will be undertaken shortly by the committee appointed by the United States Senate in accordance with the resolution adopted February 10, 1933, the essential part of which was as follows: "Resolved, That the Committee on Public Lands and Surveys, or any duly authorized subcommittee thereof, is authorized and directed to investigate the activities in the Jackson Hole region, Teton County...
Página 52 - By that time growers had marketed 89 per cent of the 1929 cotton crop. The board was the only agency able to protect the cotton grower from a precipitous drop in cotton prices when the stock market crashed in October, 1929, and the price of industrial stocks declined more than 35 per cent in less than 30 days. All industrial and fianancial interests in America sought to check the decline and to protect industry from its effects. Financial interests in New York formed a pool to protect the banks of...
Página 5 - ... loans from the Board's revolving fund. The Board places no limit on the amount of Government money to be so loaned. Nearly $100,000,000 is available for this ' purpose ; and, if necessary, the Board will ask Congress to appropriate more.
Página 52 - On the date of this announcement 16 cents was about 92% per cent of the average price in these 10 spot markets (17.31 cents). While it was recognized that at such a time the policy of a fixed-loan basis at the stated level involved more than ordinary business risks, it was considered justified as a means of preventing a threatened demoralization of the cotton market in a critical juncture for the cotton growers and the general business situation.
Página 5 - Board believes that this unsatisfactory price level is chiefly due to the rapid or disorderly movement which is putting a large part of the year's supply of wheat on the market within a short time. . . . "The Board is confident that, considering the soundness of underlying conditions which affect the price of wheat, the plan described above furnishes a completely safe basis for making loans from the Board's revolving fund.

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