THE PRESIDENCY: The Uses of Adversity

New Orleans, Aug. 9—(AP)—Cotton broke more than $2 a bale here today on selling induced by the Government estimate of 15,593,000 bales for the 1937 crop.

Franklin Roosevelt sitting in his study, was less than human if he did not smile. Nature, which allowed the cotton farmer 170 lb. for his average acre during the ten years preceding 1933, was about to bestow a bountiful 223 lb. per acre, equal to 151 S's, highest yield in U. S. history. Reasons: Abandonment of less productive acres in favor of cash benefits; scientific seed improvement....

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