Agricultural relief: Export debenture plan

Export debenture plan (Pt. 5)

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

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

Volume

Identifikator:: 1831934671

URN:: urn:nbn:de:zbw-retromon-232129

Document type:: Volume

Title:: Export debenture plan

Volume count:: Pt. 5

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 299 - 427

Digitisation:: 2022

Collection:: Economics Books

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

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of Jesse Newsom, of Indiana

Collection:: Economics Books

AGRICULTURAL RELIEF 307 It would endeavor to secure such acreage adjustments through unpaid Siate, county, and township committees. The chief functions of the local committee would be, first, to make clear to local farmers the splendid results in the way of higher prices for their crops and increased fertility that would come about from the carrying out of such a policy; and second, as the lical draft boards did during the war, to grant immunity in cases where owing to unusual conditions undue hardship would result from a rigid enforcement of the plan upon all alike. Something of the spirit of the Liberty loan drives could be injected into ‘he movement, so as to arouse lceal sentiment against would-be slackers. The official backing of the American Bankers Association, the United States Chamber of Commerce, and the various farm organiz:ticns. local banks, merchants, ele- rator managers, and farim-organization officials could be relied upon to exert influence in favor of compliance with directions of the Federal board. The various steps outlined here make a well-rounded program. Credit for orderly marketing, storage fucilities for temporary surpluses, stimulation of foreign markets, export debentures to raise crop prices to the “American level,” and an acreage-control plan as a brake on undue expinsion of production. I submit that the plan here presented is one on which farmers of all sections "an unite, one to which President Coolidge could and should give his approval. Fortunately, however, if the farmers and their natural allies and friends should unite on such a bill, no presidential veto could prevent its being enacted nto law. The Cmarrman. The Chair also has a statement by Mr. A. P. Sprauge, of York, Nebr., on the subject of the cooperative wheat marketing associations of var.ous mid-western States, and unless there is objection that statement will be inserted. [After a pause.] Without objection, it is so ordered. (The statement of Mr. A. P. Sprague referred to is as follows :) This statement is made by A. P. Sprague, of York, Nebr., who bears separate written credentials from each of the cooperative wheat marketing associations of Texas, Oklahoma, Kansas, Colorado, Nebraska, South Dakota, and Minne- sota, all filed with the House Committee on Agriculture, asking for appropria- tions for loans for the extension of membership and for the purchase of grain- handling facilities, and signed under corporate seal by the president and secretary of the respective associations. Upon reaching Washington we learned that a great many other cooperatives were interested in the same matter. Accordingly a conference was called of representatives of the various farm grouns and they unanimously indorsed these features, In addition we have received letters and resolutions of indorsement from axtensive growers, local farmers’ union groups, ete. Mr. Mayer, of Devils Lake, S. Dak., and Mr. Mat Grennan, of Illinois, have appeared before the House committee on the same subject. Provisicn for loans for the purchase of facilities was in the original bill, Loans for * federating, consolidating, merging, and extending the membership of ” going concerns with security to back such loans is discussed herewith. Senator McNary wired the Nebraska Wheat Growers Association in response to a request for his support of this amendment: “I can see no objection to your suggestion proposing an amendment to Mc¢Nary-Haugen bill and will eall the matter to the attention of the committee when it comes up for consideration, Charles L. McNary. U. S. 8S.” While this amendment has not been presented to Seeretary of Agriculture Jardine and hence he has expressed no opinion on it, he has said in public atterances that it is not only desirable but consistent with our governmental policy to give proper aid for the encouragement of cooperatives. In an article n the Oklahoma Farmer and Steckman of November 1. 1927, he said: It is altogether consistent with our economic policy that the development of ‘hese desirable organizations should receive public encouragement.” Again he said, in the same article: “The activities of this board, in addition to enhancing the growth of sound ganization in every practical way, would be,” ete. And in the Report of the Secretary of Agriculture, 1927, addressed to the President November 8, pages 18 and 19. we find -

Access restriction

Copyright

fullscreen: Export debenture plan (Pt. 5)

Multivolume work

Volume

Chapter

Table of contents

Download

Volume

Chapter

This page

Image fragment

Citation links

Citation recommendation