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Editorial
December 11, 1931
The Organized Farmer
Red Wing, Goodhue County, Minnesota
What is this article about?
Editorial denounces high salaries of Hoover's Farm Board subsidiary officials, including $75,000 for E.F. Creekmore and $50,000 for George S. Milnor, amid $110 million losses in cotton and grain stabilization efforts, resulting in record-low farmer prices under Republican farm relief.
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FARM BOARD ROBBERY
The Senate Committee on Agriculture has made the amazing discovery that the subsidiary officials of Hoover's Farm Board have been drawing fabulous salaries which should meet with condemnation by every honest citizen throughout the land.
The investigation has revealed, that E. F. Creekmore, president of the so-called Cotton Stabilization Corporation is drawing a salary of $75,000 per year, equal to that of the President of the United States. George S. Milnor, president of the Grain Stabilization Corporation seems to be content with a salary of $50,000 per year.
These high priced officials have succeeded in losing $110,000,000 of the government's money in their silly experiment of forcing higher prices on grain and cotton.
The result has been that the farmers of this country have been forced to accept lower prices for their products during the past twelve months than any time in the history of this country, while this gang of public officials have been drawing salaries as high as $6,250 per month, $240.38 per day or about $30 per hour, or an eight hour day.
In addition to these scandalous salaries, the investigation disclosed, that a New York Commission firm was paid commissions amounting to $450,000 for handling cotton and that the Grain Stabilization Corporation, a child of the Farm Board, made a profit of $2,500,000.
That apparently is a result of the so-called Republican farm relief, in which the grafters were given $500,000,000 to spend in wild eyed spree.
The Senate Committee on Agriculture has made the amazing discovery that the subsidiary officials of Hoover's Farm Board have been drawing fabulous salaries which should meet with condemnation by every honest citizen throughout the land.
The investigation has revealed, that E. F. Creekmore, president of the so-called Cotton Stabilization Corporation is drawing a salary of $75,000 per year, equal to that of the President of the United States. George S. Milnor, president of the Grain Stabilization Corporation seems to be content with a salary of $50,000 per year.
These high priced officials have succeeded in losing $110,000,000 of the government's money in their silly experiment of forcing higher prices on grain and cotton.
The result has been that the farmers of this country have been forced to accept lower prices for their products during the past twelve months than any time in the history of this country, while this gang of public officials have been drawing salaries as high as $6,250 per month, $240.38 per day or about $30 per hour, or an eight hour day.
In addition to these scandalous salaries, the investigation disclosed, that a New York Commission firm was paid commissions amounting to $450,000 for handling cotton and that the Grain Stabilization Corporation, a child of the Farm Board, made a profit of $2,500,000.
That apparently is a result of the so-called Republican farm relief, in which the grafters were given $500,000,000 to spend in wild eyed spree.
What sub-type of article is it?
Agriculture
Economic Policy
Partisan Politics
What keywords are associated?
Farm Board
Salaries
Agriculture Committee
Cotton Stabilization
Grain Stabilization
Republican Relief
Financial Losses
What entities or persons were involved?
Hoover's Farm Board
E. F. Creekmore
George S. Milnor
Senate Committee On Agriculture
Cotton Stabilization Corporation
Grain Stabilization Corporation
Republicans
Editorial Details
Primary Topic
Criticism Of Farm Board Salaries And Financial Losses
Stance / Tone
Strongly Condemnatory Of Republican Farm Relief
Key Figures
Hoover's Farm Board
E. F. Creekmore
George S. Milnor
Senate Committee On Agriculture
Cotton Stabilization Corporation
Grain Stabilization Corporation
Republicans
Key Arguments
Subsidiary Officials Drawing Exorbitant Salaries Comparable To The President's
Lost $110 Million In Government Funds Attempting To Raise Grain And Cotton Prices
Farmers Received Historically Low Prices For Products
New York Firm Paid $450,000 In Commissions For Cotton Handling
Grain Stabilization Corporation Profited $2.5 Million
Republican Farm Relief Enabled Grafters To Squander $500 Million