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

420° AGRICULTURAL RELIEF Mr. Taper. No; I ask you to reread it. The CuarmMaN. Now, are vou for the board carrying out the declared policy. Mr. Taper. That requires machinery that we do not set up. The CraarMaN. The purpose of my bill is to eliminate speculation and waste. Do you want speculation and waste to go on? Mr. Taper. We do not. The Crmarrman. Then, why not so declare? : Mr. Taper. To do many things would require many types of machinery. The Criarrman. It does not require additional machinery, just a declaration of policy and direction to carry out the policy. One bill is simply te, pay the debenture: that is to do only one thing ¢ Mr. TABER. Yes. The CrarrMaN. The board would do that, if you specify that it chould be done. You have the board. Is the payment of the sub- sidy all that you are in favor of? Are you for speculation and waste or are you against it? Shall we declare against it? Mr. Taper. We are, of course, against unnecessary speculation. unnecessary costs of distribution, and waste. The CrarrmaN. Would you be in favor of or against it? Mr. Taner. I would not be in favor of declaring against it in a bill that was not seeking to remedy it. You and I read different bills. The CrarrMaN. I am reading your bill, but I am asking you if vou are willing to have it incorporated in your hill. Are vou against thic waste and speculation? Mr. Taper. Of course, we are against waste. The CrairMAN. Then. why not set it up in the declaration of policy ? Mr. Taper. Because it is not wise to state something in declaration 3 policy that you do not pronose to correct or remedy in your egislation. ~The CuarmaN. But in my bill it proposes to remedy the situa- tion. It is our intention to do away with speculation and waste. and shall the board be bound by the declaration of policy? Mr. Taser. Yes, but you are seeking to discuss—— The Cuarmax. I am discussing farm relief. Are you for it? Mr. Tarver. We are for farm relief that will relieve. But we are for doing it one step at a time. The Crmarman. 1 believe you to be one of the most intelligent witnesses that has appeared before this committee. I think “you understand the proposition, and we need not go into details about the speculation. We have in the past endeavored to overcome that, but 1t has not worked out as we expected. The law is one thing and the administration of it is another, and I think if we now write a pill we should make it plain just what we expect from this board, cp EN aly) Lie be the policy of Congress to do certain things Jeclared. state that the board shall carrv out the policy Mr. Taper. If you intend—— he r J ive 18 the chairman trying to bring out that to carry out os (amps, J ust to make it clear that the board shall carry out

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