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(Studio) Land increases in price in Midwest. Chicago bank plan to profit thereby reported.
REPORTER: John Chancellor
(Chicago, Illinois) Continental Illinois National Bank and Trust Company of Chicago seeks government tax exemption on farm speculation deal. Will Cnty., 11, farm land shown. Plan, involving investments by pension and retirement funds, explained. House agri. subcommittee begins hearings. Film shown. Committee objects to plan as forcing price of land and food up and forcing small farmer out of business [Continental National Bank Charles HALL - testifies for plan.] [Secretary Agriculture Bob BERGLAND - is morally opposed to plan.] Future of plan dim.
REPORTER: Carole Simpson
- Chancellor, John;
- Simpson, Carole
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