Douglas daily dispatch., 1928-02-16
NC NARY-HAUCEN
BILL REPORTED
OUT TO SENATE

WASHINGTON, Feb IS R)-The
farm relief issue was catapulted into
the senate today, when its agriculture
committee ordered favorable report
Of the revised McNary- -Haugan bill
after only two hours consideration.
Still carrying the equalization fee
provision opposed by President Cool
idge in vetoing the McNary- -Haugen
measure last year, the new bill does
meet many OF the objections of the
president in the opinion OF Senator
McNary, republican, Oregon, its CO.
author
It was shot into the senate Willie
the house agricultural committee was
wrangling along on its fifth week
Of hearings over an almost Identical
measure sponsored by Representative
Haugen republican, Iowa, but there
was no indication from Chairman Nc
Nary of the agriculture committee or
from senate leaders as to how early
it would be pressed to vote.
Senate farm leaders had hoped
the house committee would act first
on farm relief but the McNary- Hau-
BCIl OpJOolblOI JllC1Ct AOoAoVO04 oyuNT
bornly. Turning to the senate conf
miLtee, advocates of the bill won a
quick battle without previous hear.
ings, time was taken. only to permit
authors Of other farm measures 10
explain their bills, members of tho
committee present voted unanimously
! to put the new McNary measure up
to the senate. f3 a
Informed of this action, Chat--
man Haugen of the A1ouse committee
promised early definite action by his
committee on his companion bill, and
senate leaders are still hopeful OF
having the house make the first
move on the floor.
4 Meanwhile the house committee
which has before it the proposal Oh!
the national Grange, for the export
debenture plan of relief and the
equalization fee method sponsored by
the American farm bureau fedora
ton, heard new proposition today
from B. F. Yoakum, former western
railroad executive. He proposed to
turn the marketing problem over to
farm commodity organizations working
under federal charters. IS
AS for the bill approved by the
senate committee Chairman McNary
not only expressed confidence thar
his proposal would meet senate app
proval, but that it would win White
House favor. He explained that
while it still provides for the levyilig
OF the equalization fee on farm COM
modities as O. means of raising funda /,
to market surplus crops, it would not
q 8
emergencies. ' 'fe
While the bill received unanimous |
approval in committee today, some
committee members reserved the right !
to fight it on the floor or to offe1,
amendments there and itlis predict I
ed that an effort will be made to |
eliminate the provision for an equali- /,
zation fee.
The McNary bill would create re-
volving fund Of $25O,O0O,O0O which
would be 2 lde avail 2ble to co-opera- /
tive marke ing associations and other |
farm organizations at 4 per cent in
/ tereSt. This, Senator McNary insists, I
was the heart of the farm relief pro- |
posal< IS advanced last session by SEN |
ator FesS, republican, Ohio, and looked
bn with favor by administration offic-,
ials
Moreover, the $250,OOO,oO0 fund would !
be available for use in marketing sur |
plus crops and when it was reSorted /
to in that instance the government |
would bear the loss, if any, and also !
the profits, if any. The equalization |
fee would be applied when the farm /
board in consultation with commodity /
organizations decided an emergency
had arisen and it could be applied, I'M
der terms of the bill to any commodity |
rather than to only five basic commod- T
tiles as proposed in the old measure.
Senator Brookhart, republican, Iowa,
was heard by the senate committee on
his bill calling for the government to
market surplus crops at its own cost
before action was taken on the Nc
Nary measure.
The McNary bill differs from its /
companion in the house sponsored by |
Representative Haugen in some parti- !
culars and the administration forces in /
that body have waged a strenuous /
fight against it. i,.t
Provisions for making loans direct 20 I
any cooperative association engaged 7
in producing or marketing agricultural |
products or livestock, is embodied in /
an amendment to the federal farm I
loan act introduced today by Senator +
Nicely, democrat, West Virginia.
3 &