The Aspermont Star (Aspermont, Tex.), Vol. 59, No. 23, Ed. 1 Thursday, February 16, 1956 Page: 3 of 8
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1956
led in
the first
, least twenty
the election
n thirty five
holding such
b and deliver
f in tripli-
ained by the
sne delivered
I the District
to the Sec-
it toxes and
be delivered
at the office
nd preserved
led by law.
[rectors will
the returns
9t leas than
tereafter nor
days there*
APPROVED
of February,
SPRINGER
I of "Directors
Water Con-
it District No.
E
of Directors,
Water Control
District No. 1.
2-16 Sc
:y
state
LIZATION,
4SATION
ro—
!HT: 2451
TEXAS
tasty meals
iKct priccs
; hero apain
SOON FOR
PLEASURE
kLTY
-r-
'S AND
Thursdoy, February 16, 1956
STATE FARM BUREAU PRESIDENT BEGAN
PLUGGING SOIL BANK PLAN 21 YEARS AGO
The Aspermont Star, Aspermont, Texas
Page Three
e Seminole (Tex.) Sentinel)
Widespread acceptance of the
til fctuik idea in farm program
planning is a happy ending to 21
■vain of plugging for the plan
the part of a dirt farmer
' from the little town of Tye (near
Abilene), Texas.
J. Walter Hammond, presi-
dent of the Texas Farm Bureau
for the past 16 years, first be-
gan thinking about a soil bank
in. 1934, . For many years, he
propounded his plan at every
opportunity. Suddenly, a few
months ago, the idea for retir-
ing'a percentage of crop land to
bring production in line With
demand caught on all over the
nation. The climax came when
the American' Farm Bureau
Federation adopted the soil bank
idea* at its convention in De-
cember and when President
Eisenhower recommended it in
his special message to Congress
in January.
Many Claim Authorship
Since the soil bank has be-
come. suddenly popular, many
persons have come forward
claiming authorship of the plan.
^Actually, there are many ver-
Tsions of the plan and, quite na-
turally, there is an author for
! each version. But the man who
y"' has the best claim to the title
\of originator of the :;oil hank
Ifs the ^long-time Texas fam
leader ... J. Walter Hammond.
The idea behind the soil
bank is to retire "ixeage from
commercial production so that
supply is brought into line with
demand The retired acreage is
building crops or practices. Thus,
the end result is to force fer-
tility into the soil for future
needs instead of 'producing sur-
pluses for storage in government
warehouses.
Hammond's original plan was
to determine the percentage of
over-produ<#ion of all agricul-
tural commodities. This is esti-
mated to run around 10 per
cent. When this percentage is
determined each year, then each
farmer would retire that per-
centage of his tillable acreage.
Support prices could remain in
effect, but would be flexible
enough to bring supnlies into
linet with demand. The objec-
tive was to permit the farmer
to reap his price rewards in the
rnarjicet-place where a balanced
supply-demand situation would
assure him a fair price for his
commodities.
Plan Pushed in '30s
Hammond pushed for his
idea during the depression years
of the late thirties, but his
pleas fell on deaf ears as the
government tried ono farm pro-
gram after another. With the
outbreak of World Wa>' II. the
need for acreage nHrominit
gave way to all-out production
effort-. Incentive programs were
instituted during the war v.->nrs
to accelerate production. TV-so
were continued after the war to
ease the change from wartime
to peacetime needs. When for-
eign aid or—' • r>r agricultural
commodities began to taper off,
tbf result was surpluses.
Ily lfl4n, the surplus problem
supposed to be devoted to soil- had reached gigantic proper-
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tions. It was time again to
think of cutting production. In
that same year, the Texas Farm
Bureau adopted Hammond's idea
for retiring acres that were
causing surpluses. The state
farm organization lias reiterated
that stand cach year since
then, although the Korean con-
flict temporarily moved the
need of acreage reduction. Dur-
ing this period the TFB's recom-
mendation for acreage retire-
ment was popularly known as
th< Hammond Plan and later
the Texas Plan.
One of Hammond's staurtchest
supporters on the board of di-
rectors of the American Farm
Bureau Federation was Charles
Shuman; then president of the
state Farm Bureau of lllinpis,
apd now president of the AFBF.
His state was among the first
to begin "talking up" the idea
for an acreage retirement plan.
Somewhere along the line, the
term "soil fertility bank" was
u.«ed to describe the idea. The
name stuck.
Possibilities Studied
Last year was the first time
that the soil fertility bank idea
was inserted in the policies of
the national organization. Ham-
mond was one of the leaders in
the AFBF named to study the
possibilities of the soil bank. By
the time the AFBF convention
rolled around last December, a
great many states had gone on
record for the soil bank. Dele-
gates at the annual meeting in
Chicago voted overwhelmingly
for the idea. A bill embodying
the details of tne AFBF policy
has been prepared and intro-
di"'H in Congress.
With both political parties
now generally favoring some
port of acreage reduction plan,
IV soil hank is given a cood
chance of passage this session.
Thus, a 21-year dream of a
dirt farmer from Tye, Texas,
now may come true.
VET'S NEWS
QUESTIONS AND ANSWERS
Q.—What date does VA con-
sider a GI insurance premium
to have been paid—the date I
put the oheck in the mail or the
date the check reaches VA?
A.—The -ostmark date on th%
envelope is considered as the
date the premium was paid.
**r *nrt cnurcn Sundav.
LOOKING
AHEAD
by Dr. Georg* S Benton
MtCIO* - NATIONAL
•OUCA1ION KOOMM
CHLOROPHYLL
• FOAM INSOLES
Imp Year tat...
MWI
JWIOSIBI
mriun*'
wfniwMt
(eat, wmt
DfScbottis
perforated L«t«
_ Htm mi treati
9 09* ** S CMoropbyf,
George C. Kenady
Dresses.
>n Hats.
>cks and
ands of
'k Shoes. | ||
ildren.
FEB 22 IS U. S. ARMY RESERVE DAY IN T
-A
i
i
YOIIN6
E
WANTS
UNCLE SAM n««dt young men for his peacetime
. YOUNG MEN need whet Uncle
^ Army of Reservists
Sem hes to offer.
Strong netions seldom ere attacked. It is only when
„ lation becomes week, when its military strength is et e low ebb . ..
when its men ere untreined for battle . . . that an enemy strikes.
To keep peace — keep strong. For a nation to maintain military might
large, well-trained Ready Reserve — well versed in the
).
>p peac
It must nave e
latest in military know how and equipment.
It is up to the young men of America to provide
this manpower. Under the Reserve Forces
Act of 1955 American youth may continue in
school with a minimum of interruption, while,
serving in the U.S. Army Reserve.
Investioete. Contact your Merest U.S. Army
Reserve Unit.
KMIMI
!« !,
BIG STEP TOWARD
SOUNDNESS
There has been a great deal
of concern expressed among
sober-thinking people as a re-
sult of the proposed upturn in
Federal government expendi-
tures as recommended in Presi-
dent Eisenhower's budget mes-
age. The concern is, I think,
well founded; . but there is a
comforting factor in the bpdget
message. Foi; the first time in
25 years we have the prospect
of a balanced budget as a result
of deliberate planning. This
means, if Congress approves the
budget as submitted, that our
Federal government will be
adopting a fiscal program of
"pay as you go".
So far as the future of our
country is'concerned, and with
it the long-range welfare of all
of us,' this long-delayed action
outweighs the disturbing fact
of a rising Federal governmental
cost. As a general ruk*. the
citizens of America would not
trouble themselves individually
to take collective action toward
cutting down governmental ex-
penses so long as a gopd por-
tion of the rise wa:; being fi-
nanced with borrowed money
and with little pain to the tax-
payer.
Touching Your Pockctbook
With a "pay as you go" oper-
ating plan, however, the gov-
ernment will find it more diffi-
cult to hide its extravagancies,
and the tax-payer will be more
directly affected—in hi; personal
pockctbook—by the up- and
down«: of Federal spending.
A small-town banker friend of
mine recently remarked about
several little business bankrupt-
cies in his bank's service terri-
tory. "Any business that keens
a good set of books." lie said,
"is not likely to igo bankrupt."
He meant that a businessman
who was constantly aware of his
true financial condition and the
detailed operation of his busi-
ness would seldom gci into such
a financial hole that his business
would go bankrupt. This fact
explains the reason investors
examine so closely the financial
statement of a company before
they buy stock in it.
Sound Financing Required
People who save a few dol-
lars a month out of their earn-
of war or other national emer-
gency. If approved by Congress
and the states, the amendment
■would require Congress to stay
in session each year until it had
produced a balanced budget by
reduction in expenditures, in-
creased revenue, or both. This
legislative stco commands the
serious attention of any citizen
interested in his personal wel-
fare and the future of his na-
tion.
' Nl A u
•he rinssifieas!
SB*
MMV X i \
rt okit «,«. Us \
MStlV! bit
• isefi&Bp-
ings, by practicing thrift and
denying themselves things they
would like to have, do not wish
to invest their savings in a
business which has a big debt
and yet, over the years, has
continued to increase that debt
—regardless of how big its
sales and income may be. In
the business world, there is a
group of companies whose com-
mon stock has come to be
known as "blue chip" stock.
Over a period of many years
these companies have had effi-
cient management, have shown
sound progress, have paid back
their borrowings in a reasonable
time, and have seldom if ever
missed a dividend.
Stock ir. these companie-. is
designated "blue chip" because
it is valued highest in the in-
vestment world. In contrast,
the stocks of companies whose
financial statements reflect a
chronic inability to hue to the
strict demands of sound fiscal
.policy, do not attract buyers;
and unless they change their
ways, they usually fail.
The Nation's Stake-
Nations, too, can fail; can go
bankrupt—as history shows. And
one of the surest ways to na-
tional bankruptcy is the decay
of monetary responsibility in
the government of a nation.
With scarcely a notable excep-
tion, the* national debt has been
rising each year for the last
25. Taxpayers now are paying
out approximately $7-billion a
year in interest alone on this
huge debt—and this about
as much as all the taxpayers i-
America -corporations and indi-
viduals—were paving for all
Federal governmental services
just 20 years ago. in 1935.
Sen. Harry F. Byrd, Demo-
erat of Virginia and widely
acknowledged authority on pub-
lic finance, and S*n. Styles
Bridges, Republican of New
(Hampshire, ranking minority
member of the Senate Appis>
priations Committee, have joint-
ly introduced a resolution in
Congress providing for a consti-
tutional amendment which
would prohibit an unbalanced
federal budget—except in times
■> \ V, t f. -Xi frW
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Almost everybody likes a real road car. Anil nowadays you
no longer have to pay a king's ransom to own one. They're
going at Chevrolet prices! For the new Chevrolet is one of the
few truly great road cars being built today!
It h<is to bo.<o hold the stock car
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Phone 3661
jtjH* <
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Welch, Lowell C. The Aspermont Star (Aspermont, Tex.), Vol. 59, No. 23, Ed. 1 Thursday, February 16, 1956, newspaper, February 16, 1956; Aspermont, Texas. (https://texashistory.unt.edu/ark:/67531/metapth136229/m1/3/: accessed July 8, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Stonewall County Library.