Grundriß der allgemeinen Volkswirtschaftslehre: Begriff. Psychologische und sittliche Grundlage. Literatur und Methode. Land, Leute und Technik. Die gesellschaftliche Verfassung der Volkswirtschaft

Export debenture plan (Pt. 5)

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Multivolume work

Identifikator:: 1887156356

Document type:: Multivolume work

Author:: Schmoller, Gustav von http://d-nb.info/gnd/118609378

Title:: Grundriß der allgemeinen Volkswirtschaftslehre

Place of publication:: Berlin [u.a.]

Publisher:: Duncker & Humblot

Year of publication:: 1900-

Collection:: Economics Books

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Volume

Identifikator:: 1887156429

URN:: urn:nbn:de:zbw-retromon-236518

Document type:: Volume

Author:: Schmoller, Gustav von http://d-nb.info/gnd/118609378

Title:: Begriff. Psychologische und sittliche Grundlage. Literatur und Methode. Land, Leute und Technik. Die gesellschaftliche Verfassung der Volkswirtschaft

Volume count:: 1.1901

Place of publication:: Berlin [u.a.]

Publisher:: Duncker & Humblot

Year of publication:: 1901

Scope:: XIII, 482 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Multivolume work

Structure type:: Chapter

Title:: Zweites Buch. Die gesellschaftliche Verfassung der Volkswirtschaft, ihre wichtigen Organe und deren Hauptursachen

Collection:: Economics Books

AGRICULTURAL RELIEF a result, under the equalization plan the farmer would be ahead $132,000,000 and the Government would be ahead $42,000,000. The farmer and the Federal Treasury would be $174,000,000 ahead. Mr. CoNNaLLY. I never have understood what the gentleman’s question is. I do not understand it. The CaairMAN. Turn your attention to the two plans. Mr. ConnaLrLy. I know about the two plans. The CHAIRMAN. Two hundred million bushels of wheat exported would cost the Government $42,000,000—— Mr. Con~arry. I shall be glad to answer a question, but every time I start to answer the gentleman starts again and I can not do it. The Cirairmawn. I am going to show you which plan would give the most to the farmer. oo Mr. Coxsrry. The gentleman arbitrarily assumes that his bill will do things that can not be proven. } The CmamrmaN. If you do not want to answer the ‘question, we vill take it up later. Mr. Connarry. I will answer any questions the gentleman may ask. I do not want to be discourteous. The Crarmax. I asked this question—it is a simple one: Under the debenture plan, if 800,000,000 bushels of wheat are marketed or sold and 200,000,000 bushels exported, the cost to the Government would be $42,000,000. Assuming that the price would advance 21 cents a bushel, the producers would receive from the Government 21 cents a bushel on the 200,000,000 bushels exported—that is $42.- 000,000; and 21 cents a bushel on the 600,000,000 bushels—that would be $126,000,000, a total of $168,000,000. Under the equalization plan, if the price is advanced (the tariff of 42 cents and 8-cent cost of bringing to our port of entry, or total of 50 cents) and 200,000,000 bushels are exported, the equahization fee would be 1215 cents, which would leave the farmer 3714 cents net, or 1614 cents above the 21 cents received under the debenture plan; and ‘he producers’ net profit would be $300,000,000 or $132.000.000 more than under the debenture plan. In other words, under the debenture olan, the producers would receive $168,000,000, of which $42,000.000 would be at the expense of the Federal Treasury; and under the equalization-fee plan they would receive a net gain of $300,000,000. In other words, the debenture plan not only makes a raid on the Treasury to the extent of $42,000,000, but pays the producers $132,- 000,000 less than under the equalization plan, where the cost is paid hy the producers themselves and no burden placed on the Treasury. Mr. Conyarry. Is that your question? The Cramrman. That is the question. Is that fooling the people? Mr. CoxnarLy. Let me say to the gentleman that I do not think anybody, unless it be the gentleman from Iowa, believes that the McNary-Haugen bill would raise the price of wheat 30 cents a bushel. In the past the gentleman voted for a tariff of 42 cents a bushel on wheat, and he told the House at the time it passed that all we had to do to raise the price of wheat 42 cents a bushel was lo pass the bill. Now he comes back in the McNary-Haugen bill and says it does not raise the price 42 cents a bushel, and you have to devise some other artificial contrivance to do what he said would be done by the 42 cents a bushel tariff. He may be just as much in OITOT a0a1n. 331

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