Sales of Grain to the Soviet Union: Hearing Before the Permanent Subcommittee on Investigations of the Committee on Government Operations, United States Senate, Ninety-third Congress, Second Session, Pursuant to Section 4, Senate Resolution 269, 93d Congress, October 8, 1974

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Page 23 - Agreement Between the Government of Japan and the Government of the United States...
Page 46 - ... the Secretary of the Interior, the Secretary of Agriculture, the Secretary of Commerce, the Secretary of Labor, the Secretary of Health, Education, and Welfare, the Secretary of Housing and Urban Development, the Secretary of Transportation, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, and the Executive Director of the Council on International Economic Policy. The Chairman of the Board of Governors of the Federal Reserve System is invited...
Page 27 - Do you think it would be in the interest of the United States to require major grain companies, in major sales, to make prospective reports to the Secretary of Agriculture ? Mr.
Page 12 - ... unless you hold their faces right down to the ground and force a realization of its value upon them. They do not know the marvel of it and here you are selling it as if it were dirt of the field ; as if it were mud and as if the supply were inexhaustible. Here you are between two fires, the producers or the farmers on the one hand and the public on the other and both ends playing against the middle. And you are the middle. The producer is raising his price at the one end until it costs you many...
Page 1 - Chairman JACKSON. In the summer of 1972, the Soviet Union bought more than 700 million bushels of grain from the United States. It was the biggest grain sale in American history. It was also one of the most notorious Government f oulups in American history.
Page 20 - These contracts are not in the national interest at this time and Cook Industries should not proceed to implement them.
Page 71 - In short, the system worked, and speculators did not profit at the expense of others. I respectfully request that a copy of this letter, and the attached article, be included in the published record of the hearings. Very truly yours, WN VERNON III, Executive Vice President and Secretary. THE BOARD...

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