Agricultural relief: Agricultural relief

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:: 1831935406

URN:: urn:nbn:de:zbw-retromon-232218

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 9

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 591 - 642

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 freed H. Sexauer - concluded

Collection:: Economics Books

574 AGRICULTURAL RELIEF The Crairman. Mr. Wallace reported that 2414 per cent of the farmers were in fact bankrupt. Mortgage indebtedness was reputed to be $13,000,000,000. Whether he carried a mortgage on his farm or if lie has money invested, he is entitled to a return on the valuation of his farm. Mr. Kercaam. I agree with that, Mr. Chairman, but I do not agree that it makes a man stay awake at night figuring out how he is roing to meet that interest charge. If he owns a farm, of course, it gives him right to it, and in my judgment he is entitled to a reasonable rate of interest as one of the factors in figuring what goes to make up a profit, but that is a mighty sight different than to go and meet that interest in good old hard cash at the end of the year. So far as I am concerned, I will take my property without any mortgage upon it. Mr. Apkins. You said yesterday, I believe, in reply to a question, that your being here was the result of a meeting of the board of directors that took action on this proposed legislation? Mr. SexavER. Yes. Mr. Apxins. How is your board of directors elected? Mr. SExaver. Our organization has 24 districts, and under the law the board must be elected by ballot of the entire territory. But in order that each of these districts may individually know the man that they are electing, we arrange that the various locals in that Jistrict—there are about 800 locals divided into 24 districts—meet sach of them in their own local, and at that local meeting they nominate or vote for examinations for a man for director. They have to vote by ballot; there is no viva voce method; they have got to vote by ballot. They elect a delegate to carry that vote to the district meeting. That delegate must carry the vote, if he is so instructed, as the individual farmer votes it. The individual farmers in that local can vote for 10 men if they want to, and that delegate must carry the votes as they are voted to the district meeting. At that district meeting these delegates carry- ing the votes for these locals, instructed or not, as their local wishes them to be—every vote on the nomination of a candidate for election as directed from that district. If there is a deadlock in the first or second vote, then he is instructed—then he can vote as he sees fit, because otherwise they might have a deadlock over a long period of time. Then whoever is nominated at that district meeting is then put on the official ballot, which is distributed at a later meeting of all locals, and on that official ballot the individual director is elected. Mr. Apkins. Now, then, your board would naturally be somewhat responsive to what they thought was the will of the fellows back on the farms, would they not? . Myr. Sexavuer. Our board is, I believe, very responsive to what is the will of the members on the farms, and they also, I believe, are students of the agricultural and dairy problems, and concieve 1t to be their duty to do the things which are most advantageous for their members, believing that if it is right they can sell it to their individual members back on the farm. ] Mr. Apxins. Then they would not have been very likely—this board—to have taken this action in favor of this legislation unless they thought it would have met the approval of the fellows back on the farms? Mr. SExAUER. That is right.

Access restriction

Copyright

fullscreen: Agricultural relief (Pt. 9)

Multivolume work

Volume

Chapter

Table of contents

Download

Volume

Chapter

This page

Image fragment

Citation links

Citation recommendation