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

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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

412 AGRICULTURAL RELIEF Mr. Taper. That ought to be plain enough. Mr. MencEs. 1 think so. Mr. Taper. I think that it is. Mr. Apkrns. Do you yield for a question? Mr. Taper. I yield for a question. Mr. Apxixs. I do not think there is any member of this committee but who is trying to use his best efforts and thought in trying to solve the farm problem, and I feel I am no exception, because I have talked to all of them time and over again, and I know every man here is sincerely trying to work out the program. But he does not want to carry a strong organization politically on his back in every campaign, to be frank about it, in his district, because he knows the influence it has in the farm vote. It is just as well to be practical about that. But when we met here for the second ses- sion last Congress, of course, every member of the committee, es- pecially, came down here with the farm relief thought on his mind. wondering if we could get something done the second session; and myself along with the rest came down here two weeks ahead of time. 1 took the matter up with one whom I consider a very promi- nent friend of the farmer in the United States Senate, as we all appreciated that we had to have a bill that could pass Congress first, and then one that probably had a chance of being signed by the resident, that if we could not pass a bill bv both Houses we had no chance. I took it up with Senator Capper—I do not think anybody ques- tions his sincerity and influence in the United States Senate—and outlined the facts to him that we had tried to sell the equalization fee idea to the country twice, and failed, and that I was not mar- ried to anybody's else’s particular program, because they were ex- periments anyhow, and I thought we had about as well try one as the other, and then amend. I asked him what he thought of try- ing to put this idea through instead of the equalization fee bill. He said “ I am not married to anybody else’s program,” but he said, © The fellows over here are not for this program; they are for the other scheme.” I am sensible enough to know, and 1 think every other member is, that it is useless for us to pass a bill that the Senate is not for; that we have got to work together. Then we should nat- urally, as far as I was individually concerned, take up the matter in the committee here. We took up the other bill, and passed it, and the Senate passed it. The best information I have been able to gather 1s that the Senate is of the same mind vet. and want to trv this other experiment. Mr. AsweLL. What other experiment ? Mr. Apxixs. ‘Well, the Haugen bill. I am speaking of the two, the debenture bill and the equalization fee bill. out I understand this bill here, Mr. Taber, I think you and I talked > Ig he train coming over about it. I think everybody has agreed on the board. We could try a debenture, and if we failed we oon Cry, Something Cle. ; I take it Jou have about the same ma- other bill, have on nots r the debenture that you have on the wi Tanmm. Undyr cir Lill it provides a minimum of simplicity

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