Evening star., 1928-12-11

! Optimistic advocates Of farm relief
legislation hope for the enactment al
| the short session of Congress OF new
hill with the much debated equalization
| clause eliminated. Others are quite
uncertain about it, and there Is wide
| ly held impression that the problem Is
| likely to 90 over to a special session
after the Inauguration of the PRESIDENT
elect. 4o
procedure" is seen by the Oakland
Tribune independent Repuplcanl !,
which points to the fact that Senator
McNary is for attempting the passage
of his new measure during TINS snort
session while Senator Borah and other
leaders believe that to get real farm
relief bill more time should be devoted
and the new administration should De
in office" coo,
Reported approval by President Cool
idge is mentioned by the kaiamazoo
Gazette independently, as possibly Oh
fpring IAN excellent chance OF the NC.
Mary hills enactment into law ana
that naDer finds that "PreSident-eiect
Hooyer's promise to call special ses-
sion next Spring If no farm rellel iesls.
lation is enacted between now ana
March 4 has had its erect upon
number or COnSl tSSiheu' , i.
THE delay Is unnecessary ana sousn'
by talkative Senators ana Represents va,
| tives who want to continue the 1afm
relief battle as long as possible, con-
| tends the Sioux Falls Argus Leader
| lRenublican), while the Miami Dally
News 1independent Democraticl sug-
casts that Those Republican Leaders
Who have decided to await Mr.. Hoover
views on farm relief are the same
statesmen who told us recently that he
had made his position clear.
THE Charleston Daily Mail unoe-
F.. nendent Republican) observes. however
| that proposals are quite nlHmerous' puC
| likelihood of agreement on any one ap-
npars doubtful" In fact, the LouisVlile
| Courier Journal tindependent) declares !.
Farm relief at this session seems aDoue
as remote as ratification OF lne REL
logg peace pact. The national lesls-
lators already have too mucn 70 Wrans.e
over" The Springfield Union .nepuu-
lican) also feels that IT'S colisloeIaI,o o..
might we'll be postponed uiisli at'ei Mi :
Hoover has assumed once:
A. anaivsis Of the new McNary meas
IRE is offered by the Philadelphia Eve
ming Bulletin independent Repuolican)
with the comment: While abandoning
the equalization fee, 1t contains mucn
of the general principle OF that whlcn
| President Coolidge vetoed for goou ana
sufficient reasons last Spring. But IL
differs in various matters when Mr'
Coolidge found so uneconomic and I'M
practicable as to require ms orlclal as
annroval The same revolving 1und Is
! there hut It Is reduced from S4OO, ,UUU,-
GOO to 5000 600, 900. The Federal Farm
| Roard is cut from II members 10 D,
to be chosen not by Federal Lana BANK
districts. but at large, and not more
than from one politlcal party
The Commodity Advisory CouncH re-
mains. but instead OF being the ue-
termining authority to approve lne
Farm Boards operations, OF oiSapproVe
them, it becomes subordlnaCeo 70 lne
board and co-operateS Win IL, pa' ~
strictly advisory. The equalization zee
has disappeared. but the provision FOR
/ insurance against price oecllhe re-
| mainS."@
1T is declared that no loss would be
paid from the United States Treas
urv" saws the Worcester Telegram tln-
dependentl, and that paper asks How,
then, would the losses be met? There
! would inevitably be losses. Tne very
existence of a surplus crop would mean
! that the growers could not get the prices
they needed for profit. The stabiliza-
lion corporations, with the money
loaned to them by the Federal Farm
Board, would buy crops at prices
profitable to the growers. the stanlll-
zation corporations would finally dls-
pose of the crops in some way. at a
| loss. How would the loss be metz
| At least. in the opinion OF the Kansas
CITY Journal-Post Independent Repub-
| lican). "if there Is one subject on
which there has been unanimous agree
ment it is the imperative need OF farm
relief" and that paper, emphasizing
| the absence of the fee from proposed
| action, argues that there is no good
reason why the friends of farm legis-
lation cannot get together on meas
ure which win afford immediate relief