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 hon. Tom Connally, representative in congress from the State of Texas

Collection:: Economics Books

328 AGRICULTURAL RELIEF they want to run their own business: they want to sell their own stuff in their own way. I can see that fellow in Texas who has raised only about three bales of cotton. In the fall he takes a bale of it up to the gin and gets it under the sucker and begins to scratch the cotton up the blow- pipe. About that time a Government inspector comes out to collect the equalization fee. He says, “ Hold on. Don’t begin to gin this cotton yet. Have you paid the equalization fee? ” The fellow says, “What? What did you say?” “ Why, the $10 to $25 equalization fee on this bale of cotton,” or $15 or $20. “What is that for?” «That is the new farm relief provided in the farm relief bill.” [Laughter.] He says, “ What did you say—farm what?” “Farm relief; farm relief bill” “I never joined nothing like that.” “No; I know you didn’t, but your Congressman joined for vou.” [Laugh- ter.] “The devil he did.” [Laughter.] Gentlemen, you can laugh all you please about that; but that is a fact. That is not workable. It will not work. What else does it do? The equalization fee would create an army of employees. You can not dodge that. It would create an army of employees and bureaucrats. And who is going to pay for them? Who would pay all these salaries? Gentlemen, it would come out of the farmers; it would come out of the equalization fee. And what are you planning here? You would absolutely consume him with this army of employees and hangers-on and understrappers; and that would come out of the farmer’s own pocket, and you know it would. It would come out of the $10 or $25 the farmer would pay on each bale of cotton. Let me tell you something. The boys who are not members of these cooperatives are not for the McNary-Haugen bill; and let me tell you why they are not for it. They are beginning to find out that under the McNary-Haugen bill every man who sells a bushel of wheat or bale of cotton or any other agricultural commodity under that bill has got to pay the equalization fee, whether he belongs to an organi- zation or not. What goes with that fee? These farmers that run their own business are beginning to learn; these farmers are begin- ning to find out that their $10, $15, or $20 on a bale of cotton and 25 cents or 50 cents on a bushel of wheat is going tobe thrown into a fund, and turned over to whom? Turned over to the cooperatives. That is the truth. They are finding it out. They are going to turn over the money collected from all of the farmers and put it into a fund and turn that fund over to the cooperatives to handle and man- age and speculate with and carry their cotton and their wheat, and such other as they choose to buy; and they are not for—they are not for it, and I as a representative of all these farmers who do not belong to the coops am not going to vote for a law that makes him— I mean that—makes them join the cooperatives whether they want to or whether they do not. And if he does not do it I am not going to tax him and take his money and turn it over to the cooperatives to exploit and practice on. One other thing. They say you must not have a subsidy. I sub- mit that under this debenture plan there is no subsidy. It is shown Sg that the Treasury would not get so much money 1n tariff duties. t is true. But in the case of aluminum. these farm-relief fellows of

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