The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1929-06-21

d them an agreement which will pre-
: badly result in early enactment @
/ the measure. Under the agreemen
2 the house will vote directly on tn,
debenture provision, thus fulfilling
the demand of the debenture sup
pOrters in the senate that the pro
pOsal should not be eliminated un
til the house had expressed itselI
with a definite vote. 1t has also
been agreed by Senator Robinson
the democratic leader, that his
party group will not insist on the
debenture provision as a part of
the farm relief bill if the house
turns it down by a roll call vote.
1t is a foregOne conclusion that
the house will turn down the de-
benture plan. The roll call vote,
however, will force the represen-
tatives to show their position in
regard to the proposal and that
is what the farm group in the sen
ate wants. Following the vote in
the house which is expected to
take place at an early date the
measure Will again go to the SEN
ate. where, in view of Senator
Robinson's agreement, it will no
doubt be approved. President
Hoover is understood to have
made his selections for the feder-
al farm board and to be ready to
announce them as soon as con
gress passes the bill.
Many OF the western senators
and farm representatives take the
position that the bill without the
debenture clause will be largely
ineffective and for that reason it
is likely that an effort viii be
made TO tack the %debenture pro
posal to the tariff bill.
If we are going to place agri-
culture on a basis of equality with
industry. as was promised during
the campaign last year, the only
way remaining is through the me
dunn of the export debenture plan
some similar method. assuring
equalized tariff benefits to agri-
culture" said Fred Brenckman of
the National Grange. the farm or
ganization which sponsored the
.debenture plan.
mo plan of marketing, however
perfect. and no scheme of money
lending. regardless OF how liberal
it may be. can possibly remove
he disadvantage under which the
branches of American agri-
now labor. That is why
he Grange favors the retention in
arm bill OF the export debenture
Ian. We do not look upon this
proposal as advocating a subsidy. !
90 far from that. il would merely |
,e giving back 10 the farmer a
small percentage Of what the tar |
if takes away from him"
We do not see how the admin |
STATIONS farm bill can result in
permanently improved farm
price for wheat, or any other agri-
commodity of which the
United States produces an export
able surplus. unless the admins !
is willing to sustain a loss
IN the revolving fund of $500, 00C- !
600. The bill makes provision for 1
he purchase by sterilization cor ]
1Orations of any quantity 3i ar /
agricultural product where q sur
)lus is depressing the price but
t is not at all clear as to what
S to be done with the commodity
50 purchased. If it is to be fed
Jack to the market later on in the
marketing season the operation
an have little effect in increasing
average price received by the
.armr. On the other hand. if the
is sold on the export mar
let the sterilization corporations
would have 10 take a loss. The
Measure is 50 worded that it can
interpreted TO mean that such
! loss could be made up out Of
he revolving fund but that would
amount to a subsidy and President
Hoover has announced himself Is
very definitely being opposed to
a subsidy.
Recent reports from Washing
-on which had the effect Of lift
ing the price Of wheat abou. I'll
cents in two days indicate that
perhaps the presidents view On
his matter is changing and that
may be willing 10 have the
.ederal farm board take whatever
oss IS necessary 10 increase the
rice. Such a policy might be Just
fled as an emergency measure.
Tut as a long time policy il would
'e open to very serious objections
any rate we would like 10 see
he administrations bill tried ont
5 soon as possible. If it proves