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 Albert S. Goss, Master Washington State grange and member Executive Committee, national grange, Seattle, Wash.

Collection:: Economics Books

AGRICULTURAL RELIEF 335 meet the increased cost of production, and if that is met, then once more we can take our place as exporters and can compete with any nation on earth. So we have framed our measure with that in view. Now, you have the measure before you. I just want to call your attention to the mechanical set-up of the organization and the ma- chinery of the organization with which we propose to carry that into effect. Mr. Kincueroe. Which bill are you talking about, the Ketcham hill ¢ Mr. Goss. The Ketcham bill, H. R. 10568. I am not going to read all the sections to you, but I do want to read the first section, because [ think it expresses our aims and purposes. Mr. Aswern. What is the number of that bill? Mr. Goss. H. R. 1056. [Reading :] [t is hereby declared to be the policy of Congress— fa) To afford to those agricultural commodities of which surpluses above domestic requirements are produced in the United States the same degree of protection which is afforded to industry in the United States by the tariff, and to prevent such surpluses above domestic requirements from unduly depressing the prices obtained for such commodities, and to these ends. (b) To provide for the payment, upon exports of such commodities and of products of such commodities, of export premiums, by means of export deben- tures, sufficient to equalize the difference between the cost of producing such commodities in the United States and the cost of producing such commodities in competing foreign countries. There is the complete outline of the bill. Running down through it, in section 2 we provide for the creation of an ex officio board, consisting of the Secretary of Agriculture, the Secretary of Com- merce, and the Secretary of the Treasury-—no salaried positions. In section 3 the board is given the usual general powers which I believe are included in practically every bill which comes before your com- mittee. One subsection of this section 3 provides for the board giv- ing advice as to the distribution and marketing of crops, and another subsection provides for the board giving advice as to planting and breeding, aimed to assist in orderly production. Mr. KinxcreLoe. May I ask you this question: The Ketcham bill does not seem to have provided for an export corporation ? Mr. Goss. No. Mr. Kixcnewoe. Let me ask you this: Of course, the purpose of all this farm legislation is to in some way dispose of the surplus. Now, in the absence of an export corporation, how could you under the Ketcham bill provide for the storing of surplus in this country for future use? . Mr. Goss. Under the Ketcham bill it could not be done. Mr. Kixcueroe. That is what I am talking about. Mr. Goss. That is another attack, Mr. Kincheloe, upon the prob- lem I referred to, that of orderly marketing, with which we are in full sympathy. We have felt that there were two approaches to the same problem, and our approach has been a simple one, aiming to meet the difference in the cost of production, and we think that another bill covering orderly marketing is certainly meritorious. Mr. KincuHELOE. You will admit that it is absolutely necessary to store surpluses of nonperishable commodities in the [United States for our own benefit. will vou not?

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