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

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of Louis J. Taber, master national grange, Columbus, Ohio

Collection:: Economics Books

AGRICULTURAL RELIEF (The statement submitted by Mr. Taber, D4, is as follows:) 319 Effect of hioh tariff rates on total duty collected, pen or pocketknives, all types [U. S. Tariff Commission] 520. 921. Q929 1925. 926 eeee an 10927 my _ Value of imports 585, 376 797, 543 036. 448 Duty rollected 300, 706 362, 351 “RA AOR” Equiva- lent ad valorem rate 51 56 63 5 Net loss in reventie. $354.784 Mr. TaBer. I have taken three schedules that I know something about—butter, because I benefited as a dairyman and was for it. Understand. the grange and farm organizations asked for this in- -rease in the tariff. Mr. Kincueroe. On butter? Mr. Taser. Yes; on butter. This Congress voted for the three schedules I mentioned. and each me of them kept money from the Treasury. But the point I am trying to make is, first, that this bill is no more a subsidy than the high protective schedules in the tariff. It keeps no more money out of the Treasury than the protective schedules of the tariff; and itis no more a subsidy than the equalization fee con- tained in one of the bills—I am not going to discuss that except just to indicate it is no more of a subsidy than that. I had a friend count up the other day the advance in railroad stocks and bonds since the passage of the Esch-Cummins Act, and it looks like billions, not millions. I am mentioning that not in criticism of Congress but to show the effect of legislation. You can help agriculture in one of two ways: Reduce the tariff, eliminate immigration restrictions, inter- est charges on railroads, and other legislation that may be destruc- tive and causes dislocation. Mr. KincueLos. You think that if some of the provisions of the Fordnay-Malhnnber. conpandities were reduced it would be destruc- tive? Mr. Taper. Some provisions could be reduced. I am not discuss- ng the tariff. It is here as a part ofthe commercial fabric of the country. Some schedules are too high unless we bring the farmer under the system. Mr. Kincueroe. The tariff that you mention in those schedules was put there for the purpose of protection, not for the purpose of vetting revenue. You do not think the people who are the benefi- “iaries under the aluminum tariff had any idea about revenue when they put the higher tariff on it? I agree with you on that propo- sition.

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