The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1929-04-23
OPPONENTS RELY On
HOOVER'S ATTITUDE
TODEFEAT MEASURE
mcnary's Report Oevotes Para
graph to Plan and Details
Relief Legislation
SIMILAR TO PREVIOUS BILL
Chairman States Senate Meas
urs Does Not Presume 20
Solve Farm Problem j
SIMILAR TO PREVIOUS BILL

washington. April 23.-(R)-An ac.
tual start on the consideration Of
farm relief legislation was made by
the senate today and shortly after L
started. Chairman McNary Of ito a..
riculture committee. declared that y
congress sent . measure to the white
house containing the export deben.
ture plan It would receive 4 presiden.
tial veto.
McNary started . discussion Of the
measure, which contains the debeu.
ture provision 20 strenuously objected
to BY Mr.. Hoover. few hours after I
formal report on the bill had been
submitted to the senate.
1T would be vain to send this bin
to the president With the debenture
plan In IT," McNary said. II feel cer.
tain he would disapprove It,"
Immediately after McNary finishee
. defense Of the debenture plan ~,
undertaken by Senator Caraway. 3
Arkansas. one Of the Democratic
members Of the senate asriculturS
committee who took leading part Is
writing the proposal into the uev
farm relief bill.
THE 10 reasons the president eav
for opposing the plan" Caraway oaid
are the same advocated BY indiyid.
uals and In the press that desiros "a
fatten off sweat and blood Of agricul.
ture."
Representative Burtness. Reuuhfi.
can. North Dakota, said he stu Be.
lieved that the equalization fee va
the proper way to solve the farm
problem. but that he favored passase
Of the present bill a& beginning q
the farm program. Later, Burtness
said, after 1t was found that n,ore
legislation was needed, the equalisa-
tion fee could b put forward again.
McNary's report described the oper-
alton Of the debenture proposal q
folloUx: .s~.a ~ ,-..s
Describes Debenture Plan
''eection 10 provides mechanisn !;
OF expert debentures which the board
may use at its discretion in meeting
special situations which the board
may find 1t impossible to meet ade.
quately under the loan, stabilization
corporation. or other provisions os the
act. II. for example. there should be
IN any year an exceptional surplus of
= commodity and II the marketing
conditions should be such that the
surplus could not be handled ade-
quately under the other provisions.
the board would have the authority
to invoke the export debenture plnn.
Under the expert debenture plsn.
. bounty may be granted upon &.
ports Of raw agricultural commodi.
ties or their food products. The
bounty Is payable in Z form Of cur.
rency denominated export debeutrire.
The amount Of the bounty 30 payable
upon the export Of IN agricultural
commodity Is one half the amount 81
the import duty on such . commodity.
In the case Of exports Of food pro.
ducts, the bounty payable Il propor.
tionate to the amount Of raw COM
modify consumed In the mauufacturo
Of the product. Debeutures are loaal-
" tenderable at the face amount Is !,
payment Of import duties.
Cost, Amount DisburseA
The cost to the government u tn
amount disbursed as the export boun-
ty through the issuance Of expoet de-
bentures. Except insofar 6 exporter
Of debenturable commodities are aleo
importers, the negotiable debeuture
continued on page six)