Full text: Export debenture plan (Pt. 5)

320 
AGRICULTURAL RELIEF 
Mr. Taper. As for the butter tariff, I am not objecting. 
Mr. KincHELOE. You are talking about being here for the farmers; 
[ am talking about being here for the poor farmers back home who 
have to seil all their stuff in the world’s market, and practicall 
every manufactured thing they buy they must purchase In a rotec. 
tive market, while the beneficiaries are making millions out ye. th 
sweat and toil of these farmers you are supposed to represent; ot 
you want to tell this committee that you are opposed to the reduction 
of a cent off the tariff on these things already prohibitive? | 
Mr. Taper. I am saying plainly and emphatically that if you can 
not bring the farmer under the protective tariff you must oh it 
Mr. KincueLoe. What is the reason Congress could not do it on 
commodities that have got a world monopoly ¢ ! 
Mr. Taser. That might be necessary. The point I am trying t 
me ! io we have 2 condition and not a theory. VINE 10 
Ir. KincueLoE. The reason I interrupted i 
you think to lower these tariffs would be destructive? that you suid 
Mr. Taser. I included a number of other things. You have got 
to do more than lower the tariff. Doctor Friday ‘Was talking at th 
Ohio Farmer’s Week a few days ago, and put on the wall the a erage 
price level for the last six years in the United States on manufactured 
commodities, on agricultural commodities, on labor, and on t x ti on: 
Teas stand at 235; labor at 201; manufactured "woods about, 169; 
pt agricultural commodities for the 5-year average a great deal 
The thi 0 . 3 . . . ” 
ha e thing rn ne to emphasize is that taxation is a factor, 
s to labor costs and the farmer— i 
our colution is not to reduce labor costs or Be labor Ee heat 
consumer that the American farmer has is the well- a k Shot 
have either got to be destructive and pull woe 1 he» NE 
Be cee 2 Sow wy ought to be pulled down—we J else down and 
somebody else down or bui 
as a general policy that we rill he a. i horal orice 
level of the things that agriculture consime vou general un 
aguiculture’s price level. And experience pos steno that a 
armer alway it i i Ri ths 
Our debts Ho ey ot the ti § Snel OF Bn potas vl 
position. We are a creditor nation. We wa ro We dame a Silt 
producing nation, and we want to b high oo be 
prety he ; Cs o be a high-tariff nation. That is a 
r. McSwer Ve 
alr. MoS EENEY. Would not this affect the allied debts in small 
Mr. TaBEr. i 
a oop Ib would nag offers the allied debts at all. 
produced abroad to be rl pres oh opportunity for commodities 
Mr. Taper. It might and St might bY Fs as is Tut 
benture certificates are ust th ght not. You see, these export de- 
dollar bills for & definite na © same as money, just the same as 20- 
paid last year; we provide For $146 "4 S00 1 SUB 000000 In tanif 
ink it would stimulate imports: it ha in debgpinres L000 
Germany and Swedes, wo ports; it has not been the experience in 
wold Toh Lr ere this plan has been in operation. It 
Ss. because of the cash value of the de-
	        
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