Indianapolis Times, Indianapolis, Marion County, 10 February 1948 — Page 4

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Flexible U. S. Support Key Basis of Setup |

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has switched to Calvert because Calvert makes a smoother Manhattan.

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CALVERT RESERVE Blended «86.8 Proof-65% Grain Neutral Distillers

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MY-T-FINE

Chocolate Pudding

Help Get Food Digested to Relieve Yourself of This

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Your beloved boby-toe develops # ile «strap personality ... . vi, . In this clever casual,

heated congressional battle, one, like those of the old tariff log-! rolling days, is sure to develop over & new farm-price support plan evolved by a Senate subcommittee, , Key of the 4 . plan is a system of flexible government pric

support price going down when

when production is low, i Although de{tails of the new Mr. Richert plan have not been worked out, much lower support prices are {contemplated than those now in |effect. Practically all farm crops are, {supported now at a floor of 90 per | |cent of parity except cotton which |= is supported at 9215 per cent, | Cites Iustrations The Senate subcommittee cited ‘this illustration of how its plan

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Wa price of a commodity would | be supported at 75 per .cent of parity when the crop was normal, | normalcy being determined by an laverage of the previous 19 years’ lytelds | ‘The support price would be {raised to 76 per cent of parity

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per cent of normal and would go up to 90 per cent of parity if the supply fell to 70 per cent or Tess

Conversely, if production were | above normal, the parity price] would drop to as low as 60 per) eent of parity if total yleld were, 130 per cent above normal. Basis of Formula The theory behind this formula is that farmers with a bumps crop of wheat, for example, do

| parity-of-income concept, {designed to insure the farmer of a fair total income in relation fo the national income. | ‘The present price-parity on imula is calculated to give t {farmer a fair price for a bushel

Cites Huge Crop Senate Sub - Committe. out that becuse of the|

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sider the fact that production costs now are. lower because farmers use m®re machinery and less hand labor.

Enrolled at Abilene

Charles J. Hill, 1142 N. Penn-| sylvania 8t., and Marianne Tracy, 267 Blue Ridge Road, are among = the 1505 students enrolling in = | Abilene Christian College, AbiThis is the largest. spring enrollment in the college's = students coming =

| from 37 states.

labors: | CLUB TO HEAR HOBBY TALK ] “The Tndianapons Camera: Chub will present William Beck in a talk on “The Significance of Your {Hobby” Thursday at 8 p. m. In {the clubrooms 143 E. Ohlo St.

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