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

322 AGRICULTURAL RELIEF But the point I am making—let us get the picture before us: We have had the tariff and, whether we like it or do not like it, we have been talking about free trade; we have been talking about high tariff and low tariff. But there has been some bunk and some gold bricks handed out and the farmer has gotten more than his share. Let us face the issue fairly. In a century and a quarter we have never been on an absolutely free trade basis. We have approached it. The protective poliey is now the policy of the country. It pos- sibly will remain so; I don’t know; I am not discussing that. 1 do not want to discuss it, because it has no relation to this question. If we are going to have the tariff, bring the farmer under it: and we believe this is the first and best method. Tf the drawback provision of the tariff is constitutional, if we can legislatively deflect $375,000,000 over a 19-year period, from the Treasury for the benefit of the Cuban planters—the consumer gets some benefit; we do not deny that—we certainly could deflect some money to benefit the American farmer. We believe there is no question about the constitutionality; and it is fair. It will raise some wholesale prices. I see by Washington figures that oat of an 8-cent loaf of bread the farmer gets 1.15 cents, so it is plain retail prices need not be raised. We insist the 21-cent raise in the price of wheat need not affect the retail price of bread and need not affect the retail price of many commodities. There are some conumnodities it might possibly cause some retail advance. Cooperative marketing, economy and efficiency might eliminate some of it. It simply says to the American consumer that farm products will be treated the same as other products, and that the advantages that accrue through the high wage, through restrictions, and through tariff regulation will be more evenly distributed. : The thing I want you to remember is that the debenture plan will stand up under each test. It can be passed we believe. It will raise farm prices. It has the advantages of constitutionality, as the draw- back provisions and other provisions have been tested in the courts. It is fair to the consumer and the farmer. Mr. Aswerr. In Germany the debenture certificate is good for only 90 days. How long do you propose to have it good for ¢ Mr. TaBer. One year; on account of seasonable exportations in such matters as cotton. Mr. XercaaMm. In giving away to other witnesses. if desired, you will come back for further questions? Mr, Taper. If desired, we will be recalled for testimonv and cross- questioning at any time. In conclusion we want to make it clear to the committee that we appeal to this committee and to the farm organizations of America. We are willing to surrender some preconceived notions and our per- sonal ideas if it will assist the American farmer. Let us forget Sienlinral politics and think in terms of agricultural statesmanship. © grange wants to demonstrate its interest and desire to cooperate. brine RT 1aber, will you or one of the other witnesses cute will ba Suk att we James of this export debenture certifi- o oi Oe en hae ta he origina producer. whether he 1s a

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