Bisbee daily review., 1918-07-13
AGREES WITH PRINCIPLE
HOLDS THAT MINIMUM NAMED WOULD INITIATE THE PRICE OF FLOUR TOO GREATLY AND AT THE SAME TIME FAIL TO ANS WEIR CONDITIONS
Rr RevIew Leased Wlrel


 WASHINGTON, July 12-In
 vetoing the S2S,OOO,OOO annual az
 ricultural appropriation bill be-
 cause of its amendment fixing the
 government guarantee minimum
 wheat price at S2.4O a bushel, the
 president informed congress today
 that he did not believe the farmers
 of America depend upon a stimu-
 lation of price to do their utmost
 to serve the nation and the world
 at this time of crisis"
 The president said the patriotic
 spirit of the. farmers has been
 worthy of all praise and has
 shown them playing a most admir-
 able and gratifying part in the full
 mobilization of the resources of
 the country"
 He added that the bumper crops
 they have raised this year have res
 lieVea "the anxiety )f the nations
 -rraye1 u.a-4st Germany AiIh rea
 gard to their food supplies"
 Congress was informed the presi- dent did not believe that such inelastic price provisions as contained in the bill could be administered in a way that would be advantageous to the pro ducer and consumer because they es- tablish arbitrary levels which are quite independent of the normal market con- ditions. The administrative method in fixing prices, he said, has been intire- ly satisfactory and should be con- tinued.
 A fixed minimum price of $40 d bushel the president said, would in- crease the price of flour from S10.50 to S12.50 a barrel and would put addi- tional burden of S3S7 ,OOO,0OO this year on the consumers. Such an increase in price he said, would force a similar increase in Canada, thus enlarging the whole scale of financial operations in this country by the allied governments and affecting practically the entire world.
 The house is expected to pass the bill tomorrow with the price fixing amendment eliminated leaving the guaranteed price of s2.20 a bushel. Some senators from wheat growing states were disposed tonight to urge the senate to pass the bill over the presidents veto. while others suggest ed that the wheat price amendment fight be added to the S11 100000 emergency agricultural bill to which is attached the prohibition amendment.
 The presidents veto of the agricul tural bill was his third in two weeks. The first disapproval was of the post office appropriation bill because of a rider for government purchase of mail tubes in eight cities and the second was of the resolution authorizing the extension of time in which the govern ment may relinquish short line rail roads.
 The presidents message on the az ricultural bill today follows:
 ''I regret to return without my sig nature so important a measure as H. R. 9054. entitled An act making ap- propriations for the department of az riculture for the fiscal year ending June 30. 1919.' but feel constrained to do so because of my earnest dis sent from the point of view of prin- ciple as well as wise expediency from the provisions of that part of section which prescribes a uniform minimum price for No. northern spring wheat of S2.40 a bushel
 "I dissent upon principle because believe that such inelastic legislative provisions are insusceptible of being administered in a way that will be ad- vantageous either to the producer or to the consumer, establishing as they do arbitrary levels which are quite in- dependent of the normal market cOndi- tions and because I believe that the present method of regulation by con ference will all be concerned has re- suited in the most satisfaction. con sidering the cOmplexity and variety of the subject matter dealt with.
 Tt is evident that the present meth cd of determining the price to be pa; . for wheat has had the most stin'ulat- ing effect upon production. the esti- mated crop of spring wheat for this year exceeding all high records in a very remarkable and gratifying way. By an overwhelming majority of the
 (Contfuued on Page Four)