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

Collection:: Economics Books

316 = AGRICULTURAL RELIEF Mr. Kixcurroe. Oh, no; I am not asking you that. I am talking of the possibility of this bill ever being signed by the President if it went over, and I am asking your opinion, if vou think he would sign it. Mr. Taser. That is a question that is not germane to the discussion. Mr. KincHELOE. I do not think it is germane around here. But when they talk about the McNary-Haugen bill, that is the first thing that comes, “ Will the President sign that?” If he will not stand for the McNary-Haugen bill, let us get something the President will sign. Mr. Taper. This bill answers every feature of the veto. Mr. Kincueroe. If you are going along that line, you had best gest something the President will sign. Mr. Taser. Could we get two-thirds vote in Congress to pass it? Mr. KincHELOE. I do not know. Mr. Taser. I think we can. Mr. Kercaam. And if he did veto it he certainly would be put on record as against something for which he has stood during his whole life, namely, the maintenance of a protective principle. That would be a square-toed proposition. I think no lawyer I have ever heard of has ever raised the question of the constitutionality of this bill. Mr. KincHELOE. No; and they do not on the tariff. But there is a policy that involves a good deal more than constitutionality. Mr. Taper. Mr. Chairman, I hope that they do not ask me foolish questions, and a plain farmer is not supposed to know anything about the President of the United States. ir KincuaELOE. 1 hope you will not give any foolish answers either. Mr. Taper. Mr. Chairman, we are raising the question of deflecting revenue from the Treasury, and I wanted to place in the record here as an exhibit statistics showing fully that the export debenture method is no more a subsidy, is no more an agency to deflect the Fv from the Treasury than are now on the statute books and in operation, The first exhibit I give you will be D-1, which relates to butter. I am giving you that because I am a dairyman and milk Jersey cows. We raised the tariff on butter in the closing days of 1922. 1 have the figures for the United States Tariff Commission of the but- ter imports at 8 cents per pound from January 1, 1923, to April 1, 1926, at 8 cents a pound. During that period 50.226,406 pounds of butter came into the United States for consumption. The tariff on this butter was 8 cents a pound, or a total of $4,018,113, an average tor all the months under the 8-cent tariff of $103,029. A. - And I want my distinguished friend to remember that under the operation of the flexible provisions of the tariff a proclamation by the President of the United States was issued raising the tariff on Pitan Soom 8 cents to 12 cents; that it went into effect in April, Toil my memory serves me correctly. But the figures of the rit Commission show that during the 21 months, since the 12-cent jeri went into effect, that there has been imported for consumption ins Ae United States 11,907,428 pounds at 12 cents, yielding $1.428.- 892, or $68,043 per month. Mr. KixcureLoe. Then. you do not think—

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