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

374 AGRICULTURAL RELIEF Mr. Fort. At $5 a bale it would be $55,000,000. Mr. Jones. I do not think Doctor Aswell would refuse even $5 a bale. Mr. Stewart. The proposal, I believe—- Mr. Jones. I do not think anybody would refuse $10 if they could not get $25. The CramrMAN. We would be short $12,950,000. Mr. AswerLr. Short of what? The Crmarrman. It would exceed the receipts that much. Where would the wheat growers come in after that operation ¢ Mr. Stewart. Mr. Chairman, may I make a short statement? I understand what you are saying. Lo At $25 a bale for 11,000,000 bales—— Mr. Jongs. The average exportation has been around 8,000,000 bales for the last five years; it has been as low as 4.000.000 bales. but the average has been 8,000,000. The Carman. Figuring on last year, I have a report showing 11,759,000 bales. Mr. Stewart. Figuring on the basis of 11,000,000 bales, at $25 would be $275,000,000, or about 45 ver cent of our revenue from import duties. Mr. Kincueror. Figure wheat and see where you are going to et to. s Mr. Fort. The bill calls for 2 cents a pound, or $10 a bale. Mr. Stewart. Which would be not to exceed $110,000.000 if you had 11,000,000 bales exported. Mr. Kincaeroe. How much a bale is that? Mr. Stewart. $10 a bale. I have another chart which can be passed about, which shows at certain rates indicated what the monthly variation would be, and gives an approximate idea as to how cotton compares with the other products in the extent to which it would draw upon the resources of this system. (The chart referred was thereupon passed among the committee.) Mr. KincaerLoe. Will you put in the record, if you have made it out, just how much of each of these commodities mentioned in this bill have been exportable, say, the last year? Mr. Stewart. The amount in absolute figures? Mr. KixcmreLo. Yes; how many bales of cotton, how many pounds of, how many bushels of wheat. and those other commodities mentioned in the bill. Mr. Stewart. That could be easily supplied. I would like to call attention to an article in the Tariff Review of January, 1928, entitled “Agricultural surpluses in the United States.” This article sum- marizes many of the ficures to which vou refer in a very helpful way. I should like to point out that the list included in the Ketcham bill, is a list which is somewhat larger in total number of commodi- ties included, than that which you will find in some of the other countries. I understand that ih England three commodities only were included; in the case of France, four agricultural commod]- ties. There were some commodities of a nonagricultural order. in- cluding iron and steel products. I believe.

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