La question d'Orient depuis ses origines jusqu' à nos jours

Export debenture plan (Pt. 5)

Bibliographic data

Monograph

Identifikator:: 89315170X

URN:: urn:nbn:de:zbw-retromon-76526

Document type:: Monograph

Author:: Driault, Édouard http://d-nb.info/gnd/116222948

Title:: La question d'Orient depuis ses origines jusqu' à nos jours

Edition:: 6. éd. mise au courant des derniers événements

Place of publication:: Paris

Publisher:: Librairie Félix Alcan

Year of publication:: 1914

Scope:: 1 Online-Ressource (XV, 411 Seiten)

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

AGRICULTURAL RELIEF 2323 Myr. Taper. Mr. Stewart will answer that particular question. I refer it to him now, because I want to give away to another witness who wants to testify this morning. Mr. Aswerr. May I ask you one more question? In Germany, when the wheat is exported the debenture certificate, called the sinferchien, applies only to products of wheat. Whv do you make it apply to every product? Mr. Taper. It has been suggested that we make it apply only to agricultural products. That has certain disadvantages. so we make 't apply to everything. Mr. Aswert. Why? Mr. Taner. To be certain every product will have debenture ad- vantage. You would not say to apply it only to cotton, because there is no tariff on cotton. It would not be fair to have it anv other way than to make it apply to all commodities. Mr. Kincureroe. Doctor, before this hearing is over, so far as I am concerned, I want to hear somebody who knows discuss the propo- sition of how this debenture is going to help the products upon which there is no tariff or upon which there is a tariff that is not effective to-day. Mr, Taper. We will point out—there is a provision in the bill that allows the board to adjust the debenture to the difference in cost of production. That will be discussed. Any point that you have will be answered either by this witness or another. Mr. Kincaeroe. What do you mean by giving them power to levy a tariff or something similar to that? Mr. Taser. Do not confuse the tariff with the export debenture program. Mr. Kixcueroe. The debenture is not confusing. I do know something of the economic proposition that whenever you make the domestic price of any agricultural commodity higher than the world’s price there are going to be importations of that; and the only way they can get the advantage is the difference in the tariff; that is all. Mr. Jones. I suggest this in that connection, however, that what- ever force there is to your objection applies equally to the McNary- Haugen bill. Mr. KixcaerLoe. I am not objecting; I am just asking for infor- mation. Mr. JoxEs. The gentleman voted for that bill, and, of course, there is that measure of defi: in ny of these bills as to any commodity that does not carry = turf. However, with the little cotton that is growing abroad, I think the advantage of the increase would be a very great one. Mr. KincueLoE. I am open minded upon this proposition. But there is some information I want about it. Mr. Kercaam. Mr. Chairman, we have two witnesses that I would be very glad if we could hear this morning. One of them only wanted a few minutes, and the other I certainly wanted to hear for a half hour, because he has to leave; and I am sure we will not feel ‘hat all we could learn will be learned unless he did occupy the stand. So far as the present witness is concerned, I am sure we are very happy to have him here. I do not know that this is to be his fare- well address to this body, but it is his farewell visit to this par-

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