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

AGRICULTURAL RELIEF Mr. Stewart. I should say that certainly in extreme cases the prin. ciple would have to be granted absolutely. Other principles may prevent its being followed as the sole criterion. The principle to which you refer seems to me a basis for guidance in the graduation of rates. Mr. Fort. In part? CL Mr. Stewart. In part. I would not overuse that principle. Mr. Fort. Any legislation, then, with which we attempt to deal with the resultant effect of these discriminations should be drawn, bearing in mind that fundamentally we are raising some commodities for which we have no real need and that those are not entitled to the same consideration from the Government—I am not saying they are entitled to no consideration, but they are not entitled to the same con- sideration from the Government—in the handling of this problem that those things are entitled to for which the American people pro- vide a real market? Mr. Stewart. I think I can agree. Mr. KercaAM. I have six questions I want to ask, and they can all be answered yes or no. I know it is hard for an economist to answer questions yes or no. It is pretty hard to give a categorical answer. But these are the vital things we men have to answer 1n the ordinary discussion of this bill. Will you please answer these questions? In the first place, is this any radical or new departure from our traditional system ? Mr. StewaRT. I think that it is amply founded upon precedent. Mr. KercHAM. Second, is it constitutional, in your judgment ? Mr. Stewart. It is. Mr. Kercaam. Third, is it economically sound ? Mr. Stewart. It can be administered so that it will be consistent with the welfare of producers and consumers. Mr. Kercuam. That is what you mean by “economically sound”? Mr. Stewart. That is what I mean. Mr. KercaHAM. In the fourth place. in vour judgment. is it prac- ticable ¢ Mr. Stewart. It is workable. Mr. Kercaam. That is what I want. Mr. Stewart. And it should be consistent with the resources of the Federal Government. Mr. Kercram. That is what I want exactly. Now, will you say whether or not in your judgment this leads to dumping ¢ Mr. Stewart. In my judgment, it is not of that species of practice which would be classified by other countries as “ dumping.” Mr. Kercaam. Now, last; in your judgment, are the penalty pro- visions against overproduction carried in this bill as direct and spe- cifically applicable as they are in any other proposition that has been presented to us? Mr. Stewart. That is a harder question to answer. I should say that you can make it so, if it is not that way. Mr. Keroram. One further question: In contrast with any other plans, do you regard this as the simplest and the least free from machinery ? : Mr. Stewart. Perhaps because I have'studied it most. it is to me the simplest.

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