BURDENSOME FARM DEBT IS NOT LOCAL PROBLEM FOR STATES, FU HEAD SAYS
Burdensome Farm Debt Is Not Local Problem for States, FU Head Savs Reveal Foreclosure Gain Under U. S. Credit Agencies By FARM RESEARCH WASHINGTON, D. C—Testifying before a sub-committee of the...
...22.8 1930...
...What has been the significance of recent scientific developments to the consumer in the field of foods, textiles, automobiles, cosmetics and other products...
...Bone Warns of Big Arms Profit WASHINGTON, D. C—That the pYofiteer is already digging into Uncle Sam's purse is charged in the following statement of Sen...
...Number of Forced Sales Per Thousand Farms In the U. S...
...The average mortgage debt per owner-operated farm has increased from $1,715 per farm in 1910 to $2,899 in 1935, an advance of 69 per cent...
...Homer T. Bone of Washington: "The last battleship of our present fleet cost approximately $26,800,000...
...29,517,000 1931...
...20.8 1931...
...83,336,000 1934...
...During that period a successful beginning has been made in a comparative relationship which brings the aid of the scientists and engineers of the American Association of Scientific Workers to the technical work of Consumers Union...
...bids on destroyers ran around $3,000,000...
...labor ? not getting three times as much...
...Value of Foreclosed Farm Lands Held bv the Farm Credit Administration 1829...
...96,780,000 1936...
...Today, ships of this same type cost as much as $9,000,000...
...A Ku Kluxer was defeated for the state legislature by Charles Lucklie, a young attorney friendly to labor...
...8 600 12 800 14.000 to...
...135,178,000 1938...
...When I rame to the senate in 1933...
...Consumers Union," explains Prof...
...is a non-profit technical organization with 85,000 members throughout the United States...
...Consumer And Science Topic Of Conference NEW YORK CITY—"Science in the service of the consumer" will be the subject of a two-day conference sponsored jointly by Consumers Union of United Ctates and the Boston-Cambridge branch of the American Association of Scientific Workers, to be held at Massachusetts State college June 17 and 18...
...21.6 1927 23.3 1928...
...He also scotched the story that the federal land banks had been a liberal influence in scaling down farm deot, and stated that whereas the government through its debt adjustment committees had been telling private lenders to do.just that, the federal land banks have failed to make any reductions...
...deductions for charity, etc., have been subtracted from gross income...
...Louise Stanley, Chief of the Bureau of Home Economics of the U. S. Department of Agriculture...
...26,478,000 1930...
...Warne...
...Labor also forged ahead in several local elections...
...Is a reorientation of scientific work needed...
...The conference will be combined with the fourth annual meeting of Consumers Union...
...This joint conference...
...120,091,000 1937...
...4 80 4 80 6,000 to 5 180 6 200 8,000 to 6 390 8 360 10.000 (0 7 440 10 560 12.000 to...
...Columbia, Mo...
...They are imposed in addition to the normal 4 per cent tax on total net income...
...In recent years, the department of agriculture has collected figures showing the number of forced sales per 1,000 of all farms in the United States...
...Surtax ra te--Existing law— Proposed law— Total surtax on Total surtax on Net income— ret...
...D. C—The following table shows the increased surtaxes on net income which a house ways and means subcommittee approved Friday They are expected to yield an additional 252 million dollars yearly...
...In fact, they claim to have no authority to make such scaledow-ns...
...Farm income, on the other hand, is 45 per cent below its parity (1909-1914) ievel...
...Colston E. Warne of Amherst college...
...It has reported out a substitute draft which completely emasculates the original measure...
...139,440,000 Much has been made of the fact that there was a "refinancing" of farm mortgages in 1932...
...28.3 1936 26.2 1937 22.4 1938 17.4 1939...
...Anton J. Carlson, chairman of the Department of Physiology at the University of Chicago and President of the American Association of Scientific Workers: Dr...
...adds Prof...
...states Prof...
...Three weeks previous W. Daniel Boyd, a dismissed teacher, member of the American Federation of Teachers and president of the local, was nominated for school superintendent...
...President of Consumers Union, in a discussion of the conference...
...16.8 Total 380.1 Though the scaling down of farm debts has been the provision in the Wheeler-Jones bill most sought by farmers, the house committee on agriculture has now eliminated this feature of the bill...
...SO to $. .. S. .. 4,000 to...
...Recent figures show that land banks have been adding to their holdings from foreclosure in increasing proportions since 1929...
...132,288,000 1939...
...However, that refinancing, in which the government pumped some two billion dollars into the land bank system, served not to refinance or scale down farmer indebtedness, but to bail out banks and insurance companies...
...Burdensome Farm Debt Is Not Local Problem for States, FU Head Savs Reveal Foreclosure Gain Under U. S. Credit Agencies By FARM RESEARCH WASHINGTON, D. C—Testifying before a sub-committee of the senate on behalf of the debt adjustment bill, Dr...
...Surtaxes under the present law and tn the proposed law start on net incomes of $4,000 a year...
...Warne...
...On behalf of these members it conducts impartial comparative tests on consumer goods...
...Holland, the league declared, was the choice of Labor's Non-Partisan league on his record as member of the state senate for eight years...
...Net income is the amount remaining after personal exemptions, earned credit...
...Fla.—Labor's Nonpartisan League of Florida claims that it won a signal victory in the nomination of Spessard L. Holland for governor...
...Ted Dewitt...
...M. F. Dickinson, representing the National Farmers Union, cracked down on the theory that burdensome debt was a local drought problem and cited figures to show that foreclosures and the loss of farm homes are prevalent from coast to coast and from bordei to border...
...These figures indicate that there have been approximately 2'- million forced farm sales in this country between 1926 and 1939—a staggering total for a nation of 6.8 million farms...
...member of the Building Trades council, and James Ross, railway unionist...
...The speakers will include Dr...
...Forced sales refer to foreclosures, tax sales, and related defaults...
...The Navy department offers no explanation except the so-called 'modernization in design...
...54.1 1934...
...eel does not cost three times as luch as it did a few years ago...
...Union members, he said, went down the line for Holland because of his liberal record rather than follow the lead of top officials who indorsed a conservative lawyer without the slightest labor record...
...Director of the Institute for Consumer Education at Stephens College...
...The American Association of Scientific Workers is a national organization bringing together scientific workers for an understanding of the relationship between science and social problems...
...9 180 15 1,100 10.000 to 11 1,000 18 1,460 18.000 to .........13 1,260 21 1,880 20.000 to 15 1.560 24 2.360 22,000 to .........17 1,900 27 2,900 Florida TALLAHASSEE...
...96.774.000 1935...
...C. N. Robertson, Labor's Nonpartisan league state chairman, stated that Holland's victory by a vote of 280.000 to 212,000 was due to the honest reaction of the rank and file of labor...
...The conference will be open to the public...
...follows a period of close cooperation between the Boston-Cambridge branch of the American Association of Scientific Workers and Consumers Union...
...A ship jot the same size now costs tlie tax payers in the neighborhood of $75,000,000 to $80,000,000...
...What does the consumer ask of the scientist in the future...
...Of course, some farms went through more than one forced sale in his period, but the figures show the rapid turnover and marked instability of present-day farm tenure...
...These are some of the problems which will be discussed...
...John M. Cassels...
...Th= debt load per farm usually remained the same, and in some cases actually increased...
...36,9:11.000 1932 53,658.000 1933...
...Proposed New Income Surtaxes WASHINGTON...
...The Senate Munitions committee probed, into the increase of the cost of war-craft, but was never able to mcover anything which would justify uch a tremendous spread in costs...
...The result of most scientific investigation is to aid the individual as a consumer...
...higher amt...
...Conservative labor officials, it was declared, on order from Pres...
...Green supported Holland's opponent, Francis P. Whitehair, a bond house lawyer...
...26.1 1932 41.7 1933...
...Farm debts are definitely out of line with farm income...
...Pet, higher amt...
...1926-1939 1926...
...In Jacksonville, labor nominated two of its candidates to the school board...
...39.1 1935...
...and Dr...
Vol. 10 • June 1940 • No. 24
