The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1924-04-13
Two FARM BILLS
GIVEN SANCTION
OF COMMITTEE
McNary-Haugen And Nor
ris-Sinclair Measures
Reported Favorably

WASHINGTON, April 1.-THE Nc
Sary-Haugen and the Norris Sinclair
bills, designed for the relief of agri-
,ultural districts. were reported favor
IDLY today by the Senate agricultural
committee. Several minor amendments
we're attaehsd 90 the McNary-Ha
bill, but the Norris-Sinclair bill was
reported without change
Action on the McNary-Haugen bill is
expected to- be taken up by the House
before its Consideration in the Senate
on accountfef its tariffs, which are re-
CURED to originate in the House. The
House agricultural committee is now
engaged in redrafting passages of the
bill.
The tariff features of the McNary-
Haugen bill brought a communication
from the tariff commission to the House
ways and means committee in which
the commission contended if domestic
prices of agricultural staples are raised
substantially above world prices as
result of such legislation the application
by foreign nations of anti-dumping
laws would prevent the sale in those
countries of surplus American farm
products. The commission further said
that the foreign countries also may
claim that the policy is inconsistent
with the tariff act of 1922.
Life Is Limited
The life of the McNary- Haugen bill
Is limited to five years, it being framed
as an emergency measure. The farm
bloc's pl.a is to have the Norris-Sin-
clair bill entered as permanent legisla-
ton and eventually to substitute the
McNary- Haugen BILL
The McNary- Haugen bill provides for
the creation of the United States agri-
cultural export commission and the
United States agricultural export cor
poration. An appropriation of $780,
100000 would be authorized as capital
stock for the export corporation.
The commission would be directed to
determine ratio price for basic agri-
cultural commodities by computing the
average price of all commodities for the
period of 1905 to 1914 inclusive. When
the commission finds that the domestic
price of asfarm commodity is lower
than the ratio price it shall recommend
to the corporation the purchase of a
sufficient amount of this commodity to
bring the domestic price up to the level
of the ratio price.
Would Sell Surplus
The corporations function would be
to sell the surplus crop to the export
trade. but it also would be permitted
to sell in the domestic market at not
less than the ratio price, any com
modify in its custody as the commission
may designate.
The Norris-Sinclair bill would create
the Farmers and Consumers Financing
corporation. with a capital stock of
$1O0.O00.00o to be appropriated out of
the treasury. The purpose of the cor
poration would be to provide a market
for the sale of agricultural products
and to promote more direct contact
between producer and consumer with a
decreased price to the consumer through
a reduction in commission charges
To obtain reduced rates for export
shipments the corporation would be
authorized to operate free of charges
any idle vessels owned by the United
States for the transportation of pro-
ducts to foreign ports.
The net earnings of the products
would be accumulated until this
amounted to $100.O00,OO0 and then
the earnings would be paid the treas
ury until the payments equal tie
amounts advanced for the capital stock