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 Louis J. Taber, master national grange, Columbus, Ohio

Collection:: Economics Books

310 AGRICULTURAL RELIEF ing with these others in this work, hn Jollow and sspiain Driefly this bill. I am not going to explain 1t, for the reason tha wan to the background and the broad foundation. We hope for relief now, not in 1931, not In 1932, not after a presi- dential campaign, not pen a congressional election Let me say ¥ ou centlemen, we like this committee. u am not concerne about who is President of the United States, or whether we pass legislation that brings you back or keeps you away. We are con- cerned in legislation that benefits agriculture. We are not concerned a rap about the political angles of legislation or the salary angles of legislation. Relief to agriculture is our only concern and our only program, and I do not like the word “ relief ”; I like the word “equality.” The farmer does not want relief; he just wants the same advantages—he wants no advantages, no privileges—just what the other fellow has; and to get it he may have to have different ma- chinery and a little different equipment. I come to the question of providing for the issuance of export de- benture certificates by a nonsalaried board, and we are hoping for them to be issued for the 1928 crop—not some other crop. These export debenture certificates will be issued through the export debenture board, which will be later explained. They will be instrumentalities of the Government, receivable at parts of entry for customs duty. Money will be deflected from the Treasury, but that point will be handled a little later, and indicating our eliesion from the Treasury is just the same. Mr. Jones and every other person who studies the plan will agree with me it is just the same as deflecting money from the Treasury under certain types of legislation now set forth. , These export debenture certificates, being acceptable for import duties, give the export debenture certificate face value minus exchange rates. Mr. Kincueroe. Have they any other value for any other purpose? Mr. Taser. No; they have no value for any other purpose. I am hoping that the wisdom of the committee—we have not included that 5 the bill—will find a way whereby the Federal reserve banks can handle this without cost, except interest charges. But that 1s e are not discussing now. We provide, for example, that the exporter or cooperative organi- zation out i Doon Aswell’s district ship through Galveston 10.000 ushels of wheat, for example. We do not want to start on theory; we want to start some place, and we start with 50 per cent of the tariff on certain designated commodities—we include all commodities upon which there is a tariff and one commodity upon which there ought to be a tariff. But I will discuss that in a moment. We start with 50 per cent of the tariff. Mr. Aswell, for example, ships hye 10,000 bushels of wheat—T expect it would be something se in his case. Mr: AswerL. There is no tariff on the cotton which I will ship. q r. Taper. I am ‘going to prove to you and to this committee hat Sar organization is fair, because much of the benefits that we provide go to sections where our membership is the weakest.

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