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

346 AGRICULTURAL RELIEF Myr. Goss. Because you can get the debenture and your debenture is good for cash. > Mr. Kincueroe. You do not get the debenture without exporting. Mr. Goss. No. Mr. KincueLoE. Would not everybody be wanting debentures and running 600,000,000 bushels out of the country? Mr. Goss. If they run 600,000,000 bushels out of the country they would get about $5 a bushel on what is left in 1t. oo | Mr. KiNcHELOE. But, there would be importations coming In and paying that 42 cents from other countries of the world. We have a world surplus. Mr. Goss. The tariff protects us against importations to the extent of 42 cents. That is the reason the board 1s not allowed to go above 42 cents. Mr. KincueroE. Then, if it does—that is what I am talking about, and I am asking something as an economic proposition: The farmer does not get the benefit of the 42 cents a bushel by reason of the 42 cents a bushel tariff on wheat, does he? Mr. Goss. No; not the full 42 cents; not to-day. My. Krwcmpoe. If it will not work on that, what legerdemain is there about this debenture proposition that is going to give the farmer a world’s price plus the amount of debenture—I do not get that—if the tariff does not work. Mr. Goss. The tariff does not work now. But if the farmer were able to get 42 cents a bushel over the world market immediately, the tariff would begin to work and would keep Canadian wheat from coming into America. Does not that answer your question? Mr. KixcaeLoE. Not mine. The only way of getting that 42 cents is to export it. How are you going to get that 42 cents debenture? ah only way to get that debenture is you have to export it out of the country. ‘Mr. Goss. The only way to get the debenture is to export it out of the country, but you can get the price of $1.42. Mr. KincuELoE. Your idea about that is that when it is sold it is ooing to reflect back and the price will be the same at home? Mr. Goss. It absolutely will. Mr. KincueLok. I was just wondering how it would do it. Mr. Goss. I want to see if I can not explain that to you, Mr. KK incheloe. ou know as a wheat raiser that vou can get vour $1.42 if you export it. Mr. Kincurroe. If T pay the freight and there is any market to send it over there to. and get the $1.42 by reason of going to the customhouse and getting 42 cents, I see that. TT Mr. Goss. Every exporter of wheat in America knows he can get S142 hen he exports it, and why should anybody sell for less when t now they can get $1.42 by selling to the exporter ¢ r. KiNcurLoE. If you export all there is in the country, there would not be any left. They would all run to get the 42 cents. I was wondering how strong you were on that reflection proposition and how much it was really going to reflect. ’ Mr. IForaer. Under this bill v r ; , ? Mir Goss. That 1s ot. is bill you propose to put 2 cents on cotton? Mr. Frommer. What would ha i i ] ppen in case we had a cotton cro like we had in 1926. when we had 18.000.000 bales and the price. be

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