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

Usage license:: Get license information via the feedback formular.

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

358 AGRICULTURAL RELIEF remedy of orderly marketing, taking the surplus off the market, as we see it. But, as 1 have said a number of times, we felt we did not want to incorporate that all in one bill; we wanted just the one principle in one bill. Mr. Kerceanm. Is that all, Mr. Goss? Mr. Goss. I just wanted to call attention of the committee to the set-up of the bill; that it has merit in its low cost of operation; that every dollar under it .goes to ‘the farmer. because there 1s not any oi, expense in its operation. Mr. KincreLoE. There would be if you had an export corporation. Mr. Goss. If we had an export corporation. there would be some expense. } Mr. Kixcurroe. There would be millions appropriated out of the Treasury in order to buy this stuff. Mr. Goss. I am speaking simply of the set-up. There is no possi- bility of evasion; there is no possibility of burden lying on a person more than his just share. There is nothing artificial about it. So this is an attempt to go directly to the cause of our agricultural depression, which we believe is our higher standards of living and higher cost of production; and removing that cost by establishing a system which will enable us to meet the difference in cost of produc- tion between home and abroad; and we know there are many, many proposals before your committee having great merit, and we have the utmost confidence in the judgment of the committee that they will consider all of them and will accept from the proposals the best there is and incorporate them in a bill which will bring us the kind of equalization which we need. Mr. Menges. How much time do you think Mr. Mellon, Mr. Hoover, and Mr. Jardine could give to the enforcement of this opera- tion after they had done their other work? You appreciate they would have to employ somebody to do this work for them? Mr. Goss. There would have to be an executive secretary, together with enough clerks, to look after the establishing and control of these rates of debentures; and that is about the extent of the cost. We have provided for an appropriation of $50,000, which we believe would be ample to cover the expense of that operation. Mr. Kercaam. Mr. Goss, just before you leave the stand, there is one other feature of this plan, that it would not disturb the present systems of distribution; it simply fits in, takes them as they are, CO- operatives and all, and unless the export corporation idea is in- corporated in the bill it would leave the situation as it is? ‘Mr. Goss. You are correct, Mr. Ketcham. There is no system of distribution that is now in effect or that has been proposed that this would disturb in any way. I doubt if there is a program of farm relief that could not be put into operation when this is in operation. However we feel that most of them would be unnecessary. We feel if we met the difference in the cost of production that the flow of our surplus over world markets would automatically pick up and relieve us of this problem of great surplus which is bearing our market. Mr. Kercuam. Before we close, I just want to say, for the benefit of those here and the members of the committee, that the plan now is to have three other witnesses appear, and the time they consume will depend upon the interest shown and the questions asked. Fol-

Access restriction

Copyright

fullscreen: Export debenture plan (Pt. 5)

Multivolume work

Volume

Chapter

Table of contents

Download

Volume

Chapter

This page

Image fragment

Citation links

Citation recommendation