The high cost of keeping agricultural prices from going through the roof (which set taxpayers back a cool $700 to $800 million for subsidy payments to farmers last year) may be much higher in 1945. This fact came out last week when War Food Administrator Marvin Jones bravely marched up Capitol Hill to ask the Senate Banking and Currency Committee to: 1) extend the life of the Commodity Credit Corp., which expires June 30, for two more years; 2) expand CCC's borrowing power from $3 billion to $5 billion.
But tactful Mr. Jones, like many another borrower, sugar-coated his...
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