GOVERNMENT: Invitation to Fratricide?

The U.S. Government last week made a move considerably out of line with the international trade policies of Cordell Hull. The Commodity Credit Corp. announced that, under an amendment to the Surplus Property Act, it would pay export subsidies to help clear the U.S. of its huge surpluses of cotton and wheat. This will permit the exporter either to obtain the wheat and cotton from the corporation at world prices or to pay farmers the current domestic prices, then sell the commodities abroad at the much lower competitive world price and collect the difference from the Government....

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