The evening herald. (Klamath Falls, Or.) 1906-1942, 1921-05-02
RATE GUARANTY
REPEAL ASKED
BY FARM BODY
tContinued from page ~

advalorem basis, ana we urge that
no elusive shuffling cf rate sched'
ules or other methods be employ
ed to obscure this general prYciple.
I'VE recognise that in arriving at
fair measure of protection, the
difference in cost of production be-
tween this and foreign competing
countries must be the primary fac
tor in the process.
"ln arriving at the American la
bar cost of food and other farm
products, we demand an hourly
wage basis both for the farmer
and his help that shall comport
with the hourly wage OF equally
skilled labor in manufacturing and
other industries.
"We further call attention to the
important and differing factor that
must be considered affecting food
products from the American farm in
their relationship TO imports OF like
products from foreign countries.
"our center OF production from
the farm OF food products is some
where in the Mississippi valley,
while our center OF consumption OF
food products is in the populous
areas OF the east, many hundreds
OF miles away from the center of
production.
Ocean rates from competing
countries are SO much lower to our
consuming centers than are the
exhorbitant and increasing freight
rates from our own consumers. that
we urge a consideration Of this
very important condition now men
acing the farmers OF the south.
west and middle west.
Sales Tax Opposed
Agriculture neither asks nor de.
mands any special favors in the re-
vision OF the tariff. and will toler-
ate no unfair discrimination against
II, for the benefit of other branch
es OF industry.
THE committee highly commend
ed the section OF the presidents
message in which he said. The
country does not expect or will Il
approve a shifting OF tax bur
ems" The committee recognizes
very little value in the great
amount OF propaganda that has
been carried on during the last year
from the shifting OF taxation from
income to consumption tax and be-
lieyes 1t economically unsound. So
cially unjust and goyernmentaIly in
expedient
"The general sales tax would
shift the burden OF taxation from
income and excess profits to a tax
on fundamentals such as food. fuel.
clothing aud shelter.
"A strong effort has been made
to repeal the excess profit. but as
not better way for raising an equal
amount OF revenue has been found |
the federation opposes its repeal.
Farmer Needs Aid
More than $4,000. 100000 in
securities now escape a federal tax. !
The federation recommends to con-
gress that II submit to the several
states a constitutional amendment
prohibiting the issues OF all tax free
securities.
Recent experiences have demon
strated that the farmer is not being
adequately financed through out
present system. When he ayails
himself Of the present short time
commercial credits he jeopardizes
his welfare.
ITO improve this situation the
American Farm Bureau federation
urges legislation which will provide
the proper authorization for COM
modify financing based upon ware
house receipts also for cattle finan-
cling based upon the proper pledge
and for personal rural credits se-
cured by the proper insurance fea-
lures. II also asks that the profits
derived from the federal reserve
banks be made a revolving fund
which may be used to provide work:
ng capital during the interim be-
ween the time when requests for
money are received and the sale of
he debentures. II is suggested that
hese debentures be made eligible
or sale In federal reserve banks
r on the open market. II is also 9
uggested that the federal reserve
oard be given proper authorization
0 SO classify rediscounts that pri-
iary production may be given ade-
uate consideration. The fedora {
ON recommends legislation which
i'll make 1t possible for the federal :
,rm loans' banks to increase their
Iaximum loan from $4,000, to ;
$4,000 and II urges all the coun-
" hanks m inin fhn fada.aI -