Investigation of Grain Storage Operations of the Commodity Credit Corporation: Hearings Before the Special Investigating Subcommittee of the Committee on Agriculture and Forestry, United States Senate, Eighty-sixth Congress, Second Session, Pursuant to a Resolution of the Full Committee Authorizing an Investigation of the Policies, Activities, Operations, and Management of the Commodity Credit Corporation and Other Activities of the Department of Agriculture |
From inside the book
Results 1-5 of 92
Page 15
... capital of 19.43 percent , as compared- Senator PROXMIRE . You are figuring this very conservatively ; you are not attributing any of this cost . Is this true on any of the other uses ? Dr. PHILLIPS . No , that is right ; and this ...
... capital of 19.43 percent , as compared- Senator PROXMIRE . You are figuring this very conservatively ; you are not attributing any of this cost . Is this true on any of the other uses ? Dr. PHILLIPS . No , that is right ; and this ...
Page 25
... capital instead of members ' capital reinvested in our particular case , we would have had an interest bill , the amount- Mr. SCHMIDT . In other words , you feel that you should take the capital and compute interest on that and include ...
... capital instead of members ' capital reinvested in our particular case , we would have had an interest bill , the amount- Mr. SCHMIDT . In other words , you feel that you should take the capital and compute interest on that and include ...
Page 26
... capital into storage for this emergency period , because I pointed out that we were building on an emergency basis and that we would have to have a higher return on our storage because we anticipated that it would not be a standing ...
... capital into storage for this emergency period , because I pointed out that we were building on an emergency basis and that we would have to have a higher return on our storage because we anticipated that it would not be a standing ...
Page 43
... capital on investment the first year , and returns of 50 to 75 percent the following years on their original investment . " Did you ever see that ? Mr. DUDDEN . Not that particular statement , Senator . Senator SYMINGTON . Did you ever ...
... capital on investment the first year , and returns of 50 to 75 percent the following years on their original investment . " Did you ever see that ? Mr. DUDDEN . Not that particular statement , Senator . Senator SYMINGTON . Did you ever ...
Page 90
... capital on which he had to pay at least 6 percent interest and since I did not need the principal payments , I informed him that it would not be necessary for him to make them as scheduled . My son continues to operate these elevators ...
... capital on which he had to pay at least 6 percent interest and since I did not need the principal payments , I informed him that it would not be necessary for him to make them as scheduled . My son continues to operate these elevators ...
Common terms and phrases
abnormal profit Administrator agency amortization amount average basis bins capacity Cargill cents a bushel cents per bushel Chairman CHARAM charges COLE commercial committee Commodity Credit Corporation Commodity Stabilization Service Congress contract COREY corn correct Counsel country elevators December 31 Department of Agriculture Director DUDDEN employees estimated farm farmers figures fiscal going GOOLD Government grain Grain Storage Agreement GREGG HANSON HENDRICKSON income industry interest investigation investment Iowa Kansas City LAYBOURN loan ment million bushels Minneapolis negotiations North Dakota operation PALMBY percent PHILLIPS POLLOCK Portland PUELZ question record regulations ROBERTS SCHMIDT Senator COOPER Senator ELLENDER Senator HUMPHREY Senator MUNDT Senator PROXMIRE Senator SYMINGTON Senator YOUNG shrinkage soybeans statement storage cost storage facilities storage rates storing grain subcommittee SUMMA taxes terminal Three State Warehouse tion U.S. Senate UGSA Uniform Grain Storage warehouseman wheat YOUNG of North
Popular passages
Page 428 - Uphold the Constitution, laws, and legal regulations of the United States and of all governments therein and never be a party to their evasion.
Page 428 - Never discriminate unfairly by the dispensing of special favors or privileges to anyone, whether for remuneration or not; and never accept, for himself or his family, favors or benefits under circumstances which might be construed by reasonable persons as influencing the performance of his governmental duties.
Page 147 - Make no private promises of any kind binding upon the duties of office, since a Government employee has no private word which can be binding on public duty. 7. Engage in no business with the Government, either directly or indirectly, which is inconsistent with the conscientious performance of his governmental duties.
Page 415 - ... directly or indirectly interested in the pecuniary profits or contracts of such corporation, joint stock company, association, or firm, shall be employed or shall act as an officer or agent of the United States for the transaction of business with such corporation, joint stock company, association, or firm.
Page 446 - In the Corporation's purchasing and selling operations with respect to agricultural commodities (except sales to other Government agencies), and in the warehousing, transporting, processing, or handling of agricultural commodities, the Corporation shall, to the maximum extent practicable consistent with the fulfillment of the Corporation's purposes and the effective and efficient conduct of its business, utilize the usual and customary channels, facilities, and arrangements of trade and commerce.
Page 407 - It shall not be lawful for any person appointed after the first day of June, one thousand eight hundred and seventy-two, as an officer, clerk, or employee in any of the departments, to act as counsel, attorney, or agent for prosecuting any claim against the United States which was pending in either of said departments while he was, such officer, clerk, or employee...
Page 150 - No employee of the Department shall participate directly or indirectly in any transaction concerning the purchase or sale of corporate stocks or bonds, commodities, or other property for speculative purposes if such action might tend to interfere with the proper and impartial performance of his duties or bring discredit upon the Department.
Page 416 - ... in relation to any proceeding, contract, claim, controversy, charge, accusation, arrest, or other matter or thing in which the United States is a party or directly or indirectly interested, before any department, court-martial, bureau, officer, or any civil, military, or naval commission whatever...
Page 424 - States or who is a member of an organization of Government employees that asserts the right to strike against the Government of the United States, or who advocates, or is a member of an organization that advocates, the overthrow of the Government of the United States by force or violence...
Page 149 - ... or in contracts relating thereto, or in the stock or membership Interests of any association or corporation engaged in handling, processing, or disposing of any such commodity or product...