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

AGRICULTURAL RELIEF 121 Mr. Joxes. Including the machinery for carrying out the policy—— Mr. Taper. I want to say, sir, if it will give the slightest bit of strength to change the chairman’s declaration of policy for ours, and it means the same thing, we have no pride of authorship. The CmarrmaN. Are you for those very things? If you are for them, I would like to know. And why you left them out. I pre- sume there is some reason for that ? Mr. Taser. The reason is we could not include all that is good in our policy. The CHARMAN, It is the all-important part, and there is where we have our trouble over that one thing. It will interfere with the op- erations of some gentlemen in certain cities in certain parts of the country; and I think if the provisions referred to were eliminated from my bill we would have no trouble about the equalization fee. But those two little sentences have made us all the trouble; and, to be perfectly frank, the question is: Shall the farmers control the market- ing of agricultural commodities? Shall they market them in the way that will give them the benefits of laws already established? You propose to give them a subsidy. The farmers say, “ No; we will pay our own bills and make money by doing so.” Are you for the elimi- nation of speculation and waste ? Mr. Taser. We are for the elimination of speculation and waste whenever the machinery can be provided to do it. The Cuairman. Oh, well. we have the machinery. We set it up. Mr. Taser. I doubt, Mr. Chairman, that your machinery will do it. The Cuamryrax. The machinery is there. It is just a question, are you for or against speculation and waste? If you are not for it I assume you are against it. You understand the language in the bill—the language in your own bill. Mr. Taper. I understand the bill, and we submit again we will be delighted to have the chairman rewrite the declaration of the policy of Congress if he can state it move clearly than we have in our bill. The Crmarrmax. It is just a question of what the policy shall be. We can write it after we determine what the policy shall be. Mr. Taper. Our program, as we have indicated over and over again, is without the equalization fee. The Crarman. Is it your policy that the speculation and the waste shall go on or shall it be eliminated ? Mr. Taser. Our policy in this bill is not to cure all the ills of agriculiure, but to cure the ill of price inequality bv the export debenture rather than by an excise tax. The CmamrMaN. Are we agreed now to the alleced economic de- pression in agriculture? Mr. Taser. We are. The Crarmax. Now, then, are you for full farm relief or just part relief; to give them a little money by taking the money out of the Treasury before it is put in the Treasury in payment of the proposed subsidy? Mr. TaBer. We are for the most certain relief known. The Cuairman. Let us analyze the two bills. We will assume the wheat sold to be 800,000,000 bushels. Under your plan for the 200,000,000 exported the farmers should receive $42.000.000. at the expense of the Government

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