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

Collection:: Economics Books

372 AGRICULTURAL RELIEF Mr. Kincueror. What do you mean by “proof of origin? Mr. Stewarr. I mean to say that if some cotton is brought back into the United States from Cuba, let us say, after having taken the debenture on its way out, that cotton is easily identified. Of the 300,000 bales coming into the United States, most of it is of peculiar physical description, either because of the length of staple or because of the peculiar characteristics of Peruvian, Chinese, Jap- anese, or some other cotton. The foreign cotton is nearly all iden- tifiable when it comes into the United States. It is different from our ordinary cotton. Mr. Jones. Mr. Kincheloe referred to cotton going elsewhere and coming in. Mr. Stewart. Take North Mexican cotton from the portion of the Imperial Valley, which is in Lower California. From that area cotton is brought directly into the United States and handled through our channels. Mr. Kincueroe. I am talking about if you make the debenture high enough above the world’s price that growers of cotton in other nations of the world can afford to ship it over here and pay the freight on it and bring it in here and sell it. how are vou going to keep it out without a tariff? Mr. Stewart. You can not do that. But you can do this, you can prevent that cotton which has taken a debenture when it went out—— Mr. KincHELOE. There is no doubt of that. Mr. Stewart (continuing). From coming back in without sacri- ficing the debenture. Mr. KincHELOE. That is a matter of administration. I was talk- ing about principles. Mr. Jones. I will say in this connection, Doctor Stewart, in refer- ence to cotton: Most of the cotton that comes in here from abroad is long-staple variety and does not measurably compete with the average cotton grown in this country, and there is so much greater demand in foreign countries for cotton’ than there is production of cotton in those countries that unless you very greatly increase the domestic price there would not be any tendency to bring cotton in here, at least for the present; and, in addition thereto, this country raises such a very great percentage of all cotton in the world that it practically controls the world market anyway. Mr. KincrELOE. Do you think, Mr. Jones, that 2 cents a pound would be a material help to the cotton farmer? Mr. Jones. I do. It would mean $150,000,000 on the average crop in the South of 15,000,000 bales. We have grown as high as 18,000,000 bales; and that is a big help, especially when cotton gets own around the low price where the farmer is really not getting oat of his cotton except expenses, say, and then if he can g 3 mcrease, ] Be got ated i e, or $10 a bale increase, that may be all that r. KinceELOE. Do you not think, further, in view of the f ’ e fact hat, the dchpitie of 5 cents a pound would likely be so high that it Pations t 2 Teens 1ve, to say the least, to growers of cotton of other ations to ship 1t in here, that we better not have it too hich?

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