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

AGRICULTURAL RELIEF 329 [owa, when they voted to give Andrew Mellon a monopoly on the aluminum business they kept out of the Treasury, according to the department’s figures, $300,000. Three hundred thousand dollars would have gone in there if they had not raised the tariff on aluminum, and by the same token took several millions out of the pockets of the farm wives, the city wives, and all other housewives in this country in added cost of the aluminum ware they use. So it is no more a sub- sidy than the raised tariff on aluminum. I submit that all this is going to be more or less of an experiment. I'he whole project of farm relief is going to be an experiment. I think 1t is worth several hundred millions, even if you do go into the Treasury and take it out, to demonstrate either the success of some of these plans or the failure of some of these plans. They talk about the railroads. When you turned the railroads back to their stockholders, for that six-month period in which they were granted a certain income, where did it come from? It came out of the Treas- ury of the United States; it did not come out of any equalization fee levied on the railroads themselves, did it? No. The Cramman. That is what this bill will do; it will take the money out of the Treasury. Mr. CoxnNarry. The gentleman voted for the Es<ch-Cummins law, did he not? The Cramrman. I did not. Mr. ConnNarLy. You have been asked that you do for the farmer what has been done for the railroads. Under the Esch-Cummins law you did that for the railroads. Now, why is it not fair, according to lheir own doctrine, to do the same thing for the farmers? Suppose we spend $200,000,000 or $300,000,000 in the experiment and find out we have made a failure; we can quit, can we not? The Treasury is not so badly off that it can not afford it. This is a great industry. and it is worth the experiment. Let me tell you about the equalization fee. This country is sup- bosed to be still a country of free men and free industry. "The Me- Nary-Haugen bill with that equalization fee would build up the most autocratic tyranny in an industry that could be conceived of in this country. Here is a fellow who has a farm out here and he goes out and raises a bale of cotton or a bushel of wheat. He raises it with the sinews and the muscles of his own hands, out under God’s own sunlight, tilling it with his own implements in his own soil. If when he produces it and comes up to the markets of the world with a bale of cotton in one hand and a bushel of grain in the other, the McNary-Haugen bill says, “ You shall not sell it. You shall not exchange the fruits of your toil and the fruits of your soll, brought together there by the mystic elements in Nature’s laboratory, under God's sun. You shall not sell either one of them until you pay tribute in the form of an equalization fee.” What for; to run the Government? Oh, no. To maintain armies in the national defense ¢ Oh, no. To keep the Navy afloat to protect the national honor # Oh, no. What for? To maintain the courts? No. To punish crime? No. Why, to turn it over to some little board selected by a group of particular organizations, representing only 7 or 8 per cent of the entire farmers of the United States. Are we going to say to the farmer that “ You shall not sell your product until vou pay this

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