Agricultural relief: Agricultural relief

Bibliographic data

Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 1831934515

URN:: urn:nbn:de:zbw-retromon-232102

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 4

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 255 - 297

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

AGRICULTURAL RELIEF 287 would do, stabilize the price of farm commodities, if he was aware that they might pay a little more, and this was his reply—I have said that time and again to the committee that they were willing to pay the bill, and he wound up his statement and said, “I would like very much to go back to the farm if I could do anything to maintain the rural population and maintain an equality for the rural popula- tion; to maintain an equality for the rural population, an equality of opportunity on the farm, is to our interest, and that is why I am here. Now, the consuming public appreciates this whole situation and we are here defending this bill.” In other words, if this does what we hope it will do—it is hoped that it will stabilize the price and not subject it to such violent ups and downs, probably the consuming public will not be hurt, and if we can not charge what loss may come through that operation back to the entire production, we will have to abandon that idea of trying to control the surplus, and that seems to be the chief reason of reaction I get that if they do not get the fee they will not try to operate under this bill. Mr. KirLcore. That is so. That was distinctly the position of the Burley Tobacco Association’s representative and of the Dark Tobacco Association’s representative. Both of those associations have suspended operations as cooperatives. The Burley Association Is operating its warehouses under the old auction system, for the very reason that you have stated there that they will not go out and attempt to sign up a membership without an equalization fee that will enable them to handle the surplus, and they have gone back to the old method of marketing, so as to use their facilities which they have accumulated in these past years, and to hold themselves to- gether in the hope of legislation of this kind that will put them on their feet. Mr. Apkins. The idea I have got from these organizations repre- sented here before this committee—one of the chief things that they hope to accomplish through this legislation is to prevent, if possible, the violent ups and downs of the market. The proposition, whether it be a bounty or debenture, simply adds to the existing price, what- ever the tariff may be or whatever agreed on the side for the deben- ture, will in no way stabilize the market so far as ups and downs is concerned. If the speculator, as charged—I am not saying that, but it is charged freely here—that if the speculator bulls put the price up high, or if they put it down low, the debenture would simply be the addition to what tariffs would be, but would have no influence in stabilizing the market and preventing the violent ups and downs of the market. You would just simply add on a little to whatever was the existing market created by such agencies as control the price. Mr. KiLcore. I did not want to get into the debenture side of it. Mr. Apxkins. I know, but I am presenting that feature. If the theory that you are advancing on this equilization fee plan does stabilize—and that is what we hope to do? Mr. KiLcore. Yes. Mr. Apkins. The fact if you adopt a debenture or a bounty, or whatever you may do to add so much to the price, you add that to the price whatever it may be. Your markets will function just as they do now. You will have the same ups and downs in the market, but the debenture or bounty added to it, and the feature that you

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