San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1924-04-06
Will Probably Take Pr
erence After Tax and
Bonus Measures.
DRAIN ON TREASUI
All Proposals Would c
for Large Appro-
priations.
By HARDEN COLFAX.

Copyright. 1924. by Consol. Press A.
Washington, ID. c., April s.
Congress turns from Teapot d
and Daugherty to the more pro-
business of passing laws, it is
fronted by a deluge of farm relief
which probably will take precedd
after tax and bonus bills, over n
ly all other legislation. These M
ures run the scale from outright
vanc2s of $1,000 each to farmers
proposals that the government 1
over the wheat, corn, cotton and n
output for five years.
Some of these bills probably
be enacted into law. ALI are desie
to render treasury aid to the mani
hind the pillow. A few have beenl
ported by committees and now ard
the calendar. The measure of rel
put in the form of dollars and cd
runs from $50, 100000 to $1,OOO,d
900 with proposed appropriations
from $1O0,OO0,000 to $200,OOOI
ruling as favorites.
The measures reflect the widest
vergence of remedy proposed in
cent years. The fayorite plan, as
Closed in number of the bills il
have the government create a new
pcra'Ion which would cope with
problem. In each such case it is
posed that the government purcl
the entire capital stock Of the cont
plated corporation.
Would Wipe Out Balance.
In some cases the corporate
would be authorized, in addition
issue bends up to more than SIG
100000. The enactment of some
the proposed measures probably wd
wipe cut the balance in the treas.
at the en1 of the next fiscal veal
balance estimated by the bureau
the budget at $666,OO0,O00, out
which the bureau hopes to save 81
100000 for redemption of the PIT
deb. in addition to the ordinary
preparation.
If that plan is followed there WI
be a balance of $271 900, 900 in
treasury at the end of the next |
cal year. The figure is conditional
course, upon the correctness of trI
ury estimates for income. Tha
the margin left by the bureau of
eral appropriations after the reg
activities of the government have u
provided for. If it is spent in Of
ways there would be no funds al
able for farm relief. There also wi
be nothing in the treasury.
Would Create Marketing Burea
Among the relief proposals Il
measure which would create a
bureau of marketing for agricult.
and livestock products in the DeIl
ment of Commerce. The head of
bureau, an official at $4,000 sail
would devote his attention to ext
ing markets for hogs, cattle, ST
pork and beef products, corn. wi
cotton, oats, barley and rye
would be empowered to take
shipping board vessels to trans,
such products abroad. The bill 4
ries an appropriation Of $500, 600.
Another bill would appropt|
$500, 100000 with which the gov|
ment would be authoized and dill
ed to buy wheat in 1924 and 1872
$3.50 a bushel for No. 1 nortI
spring wheat and proportionate pt|
for other grades. The corporf
through which this would be don
to be owned by the government.
buying the wheat the corpora
would be authorized to dispose d
Eat such prices and such terms
deems best for the public welfare2
Would Buy Cotton.
The government would buy the j
wheat crop at 81 a bushel for n
northern spring wheat, under 4
another proposal. 1t would also
the corn crop and the cotton
the former at a price of 30 cen
bushel, the latter at 80 cents a POI
In addition, it would purchase
wool clip at % cents a pound.
Sales of these commodities W
be controlled under licensing
TEN somewhat similar to that of
wartime food administration.
tailers. however, would not BIZ
censed.
Secretary Wallace would be aug
lied by another bill to buy wheal
from $1.10 to S1.25 a bushel. "
the accumulated purchases reach
600, 900 bushels, it would be perm
Bile to issue treasury certifitt
against Them
Still another proposal is that q
be established livestock loan fl
of S75,000,000 in the treasury ago;
which advances could be made
farmers up to $1,000 each for the
chase of livestock. This measul
designed to encourage livestock
ing in the wheat belt.
All told, the farmer is on the
of receiving the close attention
congressional economists who d
widely in their ideas as to what sl
be done. There is virtual agreen'