13-Million Acre Reduction Plan Expected to Fail Corer certi oe og, tre filed declined to 481,368 for the calendar year 1982 from 493,293 in Sig ein Week Washington, Feb, 22.
Washington, Feb. 21.
More, than 14,000,000 nores been "eliminating from "the 1934 bumper cotton crop which will U'S $1 801,572,662. In 1020 "cor wreck cotton prices this year was. planting, according to latest tabu-Iations on 875,970 contracts received predicted by Senator John H. Bank-orations showed an aggregate net head of Alabama in a statement to ty the Cotton Section of the Agri hich they paid total taxes' cultural Adjustment Administ the United Press to-day. tion, it was anounced to-day.
He said this would occur despite Corporations paying taxes for "Omncias said they expect the total the Agricultural Adjustment Ad-1932 Reported aggregate gross into reach 15,000,000 acres before ministration's acreage control pro-come of U.S.$27,258,182,012, while mother week=sil 1,000,000. acres gramme unless Congress, enacted those reporting no met income had hart of the. goal selby the and the President signed his ill gross income $38,493,029,- Iminiatration when the cotton control which levies a prohibitory tax upon production of cotton over the 9,000,- Gross Income Totals contracts on hand, however, 000-bale mark, indicate a reduction of, 4,707,542 The measure is designed to sup-In 1929 the income tax paying Dales. in the present year's crop, it plement the A.A.A. cotton acreage [corporations reported a total gross wns pointed out, control plan by which 13,000,0¢ Frege of "U.S 610 Senator John I. Bankhead acres have already been eliminated while the non-payers had. gross reiterated his statement that the—still 3,000,000 acres short of the tome of Ustoge77747 "Among the income tax. Administration's cotton control original goat set by the Department Retding up. the price. of cotton, beamnme would, not succeed of Agricalture and the A.A.A. Of Cee lets income, of Jeials were hopeful that the full front wages and. salaries; USA cause at the-ostiated bunsper eto quota would soon be signed up on 2837883 208 from business; US460, ati" 'a proibitary" tax pledges.
275,911 from partnerships; ripon production "of all cotton in icing 'a protbitor often would be produced. in the Approximately 8,500,000 bales.
U.8$492,503,231 rents and royalties; U.S.$28,377,791 from interest een of 9,000,000 bales. "The Ad-Unitea States this year if the full ministration ha indicated 16)575,000 acres were removed tot the Bankhead Bil—Unived ing planting and Hf there is not 'U.8.$1,951,027, ivi on, domestic" corporations; U.S.$305,- ren 391,808 fiduciary: vop this. yea bumper crop ota series of short "Menator' Bankhead, who comes'
454' interest; U.S.$156406,821 profit
Text read from the printed page and cleaned; old type leaves the occasional error.