Indianapolis Times, Volume 37, Number 287, Indianapolis, Marion County, 2 April 1926 — Page 10

PAGE 10

CONGRESS NEAR END, FARM AID STILL PROBLEM House Committee Studies Corn Belt Committee's Proposal. Titiet WasMnoton Rureau. lift New York Avenur WASHINGTON, April 2.—With the and of this Congress session only six weeks or so away, House and Senate agricultural committees still are struggling with the question of farm relief. The Com Belt Committee of 1922 has just presented its final plan to the House committee after some weeks of testimony in which House committee members raised strong objections to earlier proposals. The Corn Belt plan, as embodied in a bill, now consists of three main features: 1. Creation of a federal board, with one member from each of the twelve federal land bank districts, the Secretary of Agriculture to be a member ex-officio. This board to be charged with the duty of stabilizing the price of farm mproducts. 2. Appropriation from the federal treasury of a revolving fund, not to exceed $260,000,000, to be used by the farm board In its stabilization program. The federal treasury to be repaid by collection of an equalization fee upon the "four major cash crops.” .Four Cash Crops 3 The "four major cash crops" designated are wheat, cotton, hogs and cattle. The fee necessary to stabilize prices would be collected from them, in the case of cotton

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from the ginners, In the case of live stock from the packers. In the case of wheat, from the millers —the "processing points" of each crop. The committee excused the exclusion of corn from the list by explaining that corn-price stabilization should he automatically Achieved by stabilizing the price of livestock. The Federal board would be ein powered to take stabilization action upon any crop, however. Tt would be expected to function by buying up the surplus of the various crops and marketing them "In an orderly manner." The stabilization fee would enable the board to take losses on the surplus and distribute th'e losses over the whole country. Although much modified from the original Dickinson bill, House commembers are still raising strong objections to various features of the new measure, especially the

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$260,000,000 advance from the Federal treasury." Indiana's Stand "The Indiana delegation will sup port economically sound farm relief “The Indiana delegation will support economically sound farm relief measures, hut nothing so, far presented appears economically sound,” said Representative Purnell of In-

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THE INDIANAPOLIS TIMES

(Wan a, even after studying the new measure. Meanwhile the Senate's Agriculture Committee has Just opened hearings on general farm relief. The committee has held hearings on the Haugen hill providing a farm cooperative bureau in the Department of Agriculture, which has passed

the House, but has not yet reported it out. Benator Norris of Nebraska, chair man of the Senate committee, said that the committee hopes to wait until the House takes action on the corn belt b;ll and then to report the two together, the corn belt bill as an amendment to the Haugen bill, thereby securing simultaneous Senate action on both measures.

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APRIL 2, 1926