The Carbon County news. [volume] (Red Lodge, Mont.) 1924-1931, 1931-04-09
Washington Snapshots

Efforts looking toward a sharp
trimming of Federal budget esti-
mates for the fiscal year 1928
were begun in response to Presi-
dent Hoover's caution that expen-
ditures must be kept down if tax
increase is to be avoided. Chair
man Jones, of the Senate appro-
priations committee, urged Budget
Director Roop "to be certain to
keep the estimate down." Mean
while income tax receipts for the
first nine months of the present
fiscal year were shown by the lat
est Treasury statement to have
dropped far below the collections
for the corresponding period last
year.
Mr.. Jones said he believed a de-
termined effort would be made bv
both parties to economic at the
next session. 81 think the Demo-
Gratis will be as anxious as the Re-
publicans to keep down expendi-
tures," he added. EITHER party
may come into power and natur-
ally each party realizes that it
may be held responsible for the
condition of the Treasury after
1882. He said he believed the next
Congress could keep below the
$5,000,000,000 mark because it
would not be necessary to appro-
pirate for the Farm Board. The
board fund of $500,000,000, all of
which has been appropriated, is a
revolving one, and Mr.. Jones said
he believed a large part of this
will have been returned to the
board by next December.
| 4 4
Wheat has been a foot ball of
politics long enough in the opln-
ion of James G. Stone, new chair
man of the Federal Farm Board.
The wheat farmers themselves are
koming- to that conclusion, Mr..
| Stone believes. He has returned
from a visit to Kansas and Okla
homa confident that the farmers
this year will heed the advice that
acreage should be curtailed in the
interest of better prices, and that
the farmers are more and more
inclined to cooperation and cooper
alive marketing. Reports from
Kansas, the greatest wheat-grow-
ing State in the Union assert en-
phatically that the new chairman
of the Farm Board made favor
able impression on his Western
trip, and that the attitude of the
farmers generally is more favor
able toward the board, its advice
and it's operations than it was a
year ago.
y X
The decision of the Federal
Farm Board to stop buying wheat
in order to stabilize the price is
absolute and final. The fact
raises a political problem about
which opoinion is just forming.
The decision to stop buying wheat
is final for two reasons. One is
that the Farm Board is convinced
the practice should not be contin-
ued. The other is that the coming
Congress and no Congress in the
near future will appropriate mon
ey for this purpose. In the House
more Representatives come from
Eastern and other wheat-eating
city constituencies than from
wheat producing agricultural ones.
=
President Hoover is described
as highly pleased that the lead
ing industries of the country have
stood by him in maintaining wage
scales during the business recess
sion. 1t is said Mr.. Hoover was
deeply appreciative of the fact
that since the depression hit the
country there have been no strikes,
no general wage reductions and no
social disorders. This was des-
cribed as unique in the history OF
business recessions. President
Hoover, when the depression be-
gan, called conference Of leading
industrialists and urged that wage
scales be maintained.