The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1926-12-14
M'NARY HAUGBN
BILL. REVISED
FORM, OFFERED
Measure Is Designed 10 Facili-
tate the Handling of
Surplus Crops
MUCH DEBATE EXPECTED
Legislation Necessary TO I'm
prove Condition of Farm
er. Says McNary

washington, Dec. 14-(P)-The
battle over farm relief lerislation
was reopened today in the senate.
when the famous McNary-Hauren
bill. revised in an effort 10 win
necessary support, was introduced hv
Chairman McNary Of the agriculture
committee.
Through its presentation. farm 70.
.'el advocates, who have been await
ing vehicle of debate. from now on
VIII Do IN position to press their
cause whenever the opportunity pre-
sents itself.
The measure. which is designed to
facilitate the handling of surplus
crops, was described by Senator Nc
nary as necessary to improve the
condition Of the American farmer
and to protect his standard of living.
Not Price Fixing Plan
1T combines the plan for stabil-
ing five basic commodities" he
said, cotton, wheat, corn, hogs and
rice, through the use Of a stabilixa-
tion trust drawn from each with d
credit plan for stabilixing all farm
nimodities in SO far as it can be
done through the wide extension Of
credit to cooperation. 1t is not in
any particular a price fixing device
or plan.
"The bill is essentially a surplus
control bill, the sole aim being to
stabilize prices through control OF
the surplus. For this purpose a
separate stabilixation fund is provid-
ed for each of the five basic COM
mOdities. These stabilization funds
arc to be drawn from the marketed
units of each commodity and are to
be employed in disposing Of the sur
plus by cooperatives, or by persons
engaged in processing such commodi.
ties.
''No public funds may be used d.
rsctly in ,effecting such controls, lit
loans may be made from q revolving
fund of $250,OOO,OOO to the several
commodity stabilization funds in AL
ticipation Of the collection of the
equalization fees--all such loans K.
be repaid with interest. The federal
farm board which would be created
by the bill will not itself buy or sell
anything on it's own account.
Price Standards Not Mentioned
''All reference to price levels and
price standards are omitted. The
aim is to provide funds drawn from
each commodity to be employed in
stabilizing the market for that COM
modify by sound commercial meth
DDS.
"The federal farm board would
have n nominating committee chosen
by farm organizations. to make nom-
nations to the president for men,
bership of the board. Nonsalar ed
comm odity advisory counsel for each
commodity would be appointed by
the board from representative pro-
ducers' association.
1.-THE equalization fee would be
collected at the most convenient
point along the commodity's route
to market. Loans not exceeding $685.
900 could be made by the board to
cooperative organizations for paying
the cost Of storage and processing.
Loans to cooperatives would not be
restricted to handlers Of the five basic
commodities but might be made to
associations handling any farm COM
modities.
"This provision will enable the
board to accomplish all that can be
accomplished in the, way Of farm re-
lief through loans to cooperatives,"
Senator McNary said.