The Bismarck tribune., 1929-04-13
General Principles
Meet His Approval;
Has Minor Changes
Continued from page one,

work. on farm measures begun on
wednesday, at least in the house.
With the PRESIDENT message out
lining his views on the two major sub
jccts OF farm relief and tariff revision
out of the way, the two houses will
buckle down to the former problem
after having consulted the executive,
through their agriculture committees
as to his ideas about certain features
Of the bill.
Same Old Story
In general the measure will pro-
vide for a federal farm board with
wide powers and revolving
fund at its disposal for loans to CO.
operative agencies and stabilization
corporations which would act when
called upon by commodity groups to
help in periods of price slunlps.
The idea would be to have the
stabilization corporations, controlled
by cooperatives. buy in an overcrowd-
cd market when prices are low and
sell when the price situation i'm
proved. Should any losses result they
would be charged to the revolving
fund, but these would be largely Off
set by profits from other sales, in the
opinion of the bills sponsors, which
would be turned back into the fund.
AS for the tariff. no indication has
come from the ways and means COM
mittec as to what changes are being
planned in the law which has been
on the statute books for more than
six years. President Hoover favors
q limited revision. with the majority
Of the changes In favor of farm prod
ucts. and Republican leaders also hold
to this view. Whether they will be
successful probably will not be known
until the senate gets its hands on the
bill.
Washington, April 13.-(R)-Some
members OF the senate agriculture
committee have definitely turned to
the debenture plan of the national
grange as a part of the new farm
relief plan in place of the cqualiza-
ton fee.
] The plan. OH the other hand, has
found little favor on the house side.
In fact, a nuln'ier of house agricul-
ture committeeman who called on
President Hoover yesterday told him
that majority Of the house members
were opposed to it.
McNary Takes No Stand
Senator McNary, of Oregon, has
taken no stand on the plan.
It Is the opinion OF Senator Car
away that with the debenture plan
in the measure. the agricultural prob
| lem would be nearer a solution than
1t ever was. He Is inclined to be-
lievc that President Hoover would
not veto bill with the plan In It, il
it we're provided that the proposed
farm board could invoke, the plan al
its will rather than be forced to use
| 1t.
Senator Norbeck. has declared that
II the equalization fec could not b:
put into practice. the deh:nture piar
was the only WY to solve the export
surplus problem.
Favor pebentuye Plan
| IT It has been demonstrated thai
the equali:stion Zee should not b. put
into pr4ctice. nothing remains bu
some sort Of bonus or debenture plan
i believe IarEe majority Of th'
members OF the senate agriculture
committee favor such plan II III.
| Views Of the president could be deter
mined In advance, 80 as to not hav,
4 the unhappy expsrienec Of the las
Il fwo sessions a = peesidential vet
!. nlilllfying the good intentions an
/ Concerted effort of the friends q
/ agrics1ature IN congress In their, figh
u for equality z &
81 sennfor Heflin said the debentur
4 plan M9stld ~ mad q major part 1