The Nation: Sale in Plains

Phasing out of peanuts

The President's own financial holdings are in for a reshuffling. His two-thirds share in the Plains peanut warehousing and processing business, which he took over and expanded after his father died in 1953, has been put up for sale. The man behind the move is Atlanta Lawyer Charles Kirbo, the close presidential adviser who manages Carter's assets under a blind trust. (The President will keep his 241-acre peanut farm.) Neither Brother Billy nor Mother Lillian, who own the remaining third of the business, wants to run the warehouse, which has been operated since September by Gold Kist Inc.,...

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