The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1929-04-25

chase and orderly marketing of sur
pluses oecasioned by climatic varia
tons or by harvest congestion" There
lis no mention made of purchase:
made in speculative transactions or Il
correct a declining world market due
to conditions over which nobody ii
the United States could have any con-
troll.
The need for money to assist in
adequate warehousing and the build
ling of storage facilities has long
been recognized but the idea of aid
ing through the proposed stabiliza-
ton corporations in the so-ealled or
derby marketing is the new and ex-
detrimental feature. Mr.. Hoover does
not outline in detail how this would
be accomplished, leaving it to the fed
eral farm board to work out. but he
does emphatically say what it shall
not do, and it is this which will cause
much debate on the provisions of the
pending house bill.
The president insists that mo gov
ernmental agency should engage in
the buying and selling and price fix
ing of products, for such courses can
lead only to bureaucracy and domi-
nation" and he adds that govern
ment funds should not be loaned or
facilities duplicated where other SER
vices of credit and facilities are
available at reasonable rates. This
latter thought is a protection for
credit institutions, now in business or
likely to be, which may be willing to
advance funds to the farmer on con-
ditions similar to those which the
government might propose through
the federal board. It. is one way of
keeping the government from COM
peting with private business.
The idea that no governmental
agency should engage in price, fixing
runs counter to the declaration of
policy in the house bill that the fed
eral farm board shall control" the
marketing of surpluses and it is here
that definition of powers will be
made, probably in the senate.
Not only does Mr.. Hoover point out
that no plan should be adopted which
encourages overproduction, but he in
sists that aid shall be given only to
recognized cooperative organizations
which brings up the old problem of
how to deal with those who stay out
of the cooperative associations. Pre-
sumably the federal farm bureau
would be empowered to devise
method of making membership in the
cooperative attractive.
The president hopes the foundation
will be laid for "a new day in agricul-
ture,' and it unquestionably will be
that if the Hoover principles are en-
bodied into law. Even if the terms
of the new legislation are general, the
determination of Mr.. Hoover is ex-
pressed in a single, significant SEN
tence: 1--WE must make a start Dur
ing the last administration insistence
on what Mr.. Coolidge called an i'm
practible plan; namely, the equaliza-
lion fee, blocked all affirmative eff
,orts to find some other constructive
solution.
With respect to the tariff the presi-
dent has also limited the scope of
legislation that he would approve.
The test of revision, he says, is Sin
the main whether there has been
substantial slackening of activity in
an industry during the past few years
and a consequent decrease of employ
ment due to insurmountable competi-
ton in the products of an industry"
But even this is to be considered only
by taking into account "the broad in
terests of the country as a whole, and
such interests include our trade rela-
tons with other countries. "The Hoo
yer philosophy is expressed in this
sentence: ut is obviously unwise
protection which sacrifices a greater
amount of employment in exports to