Abstract

Editorial Paragraphs
July 26, 1933 issue

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The article presents information on various developments. The administration farm-relief program is getting under way. On August 1 a federal tax of 4.2 cents a pound will be put on the processing of cotton. The proceeds, expected to reach about $210,000,000, will be turned over to those cotton growers, who have been obliging enough to destroy about a fourth of their crop. This faith that prosperity can be achieved through destruction rests on the belief that what is troubling not merely cotton but other leading agricultural commodities is an excess of supply rather than any disorganization and falling away of normal demand.

See Also:

OVERPRODUCTION; COTTON; SUPPLY & demand; AGRICULTURE; COTTON farmers; UNITED States
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