The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-12-12
WALLACE ANDPEEK
URGE SUPPORT FOR
PRESENT PROGRAM
Would Observe Adjustment Act
Pending Adoption Of
Longtime Plan
C0NCEDE NEED FOR CHANGE
Administrator Raps Liberals
Who Would Eliminate the
Profit Motive

ment Act, with possibly some lnodi-
fications, until long time farm pro-
gram can be agreed upon was asked
Tuesday by Secretary wallace In q
speech for the American Farm Blu
reau Federation convention.
Following George N. Peek. who Is
taking another Job outside the agri-
culture department because Of dis
agreement over policy with some Of
Wallace's aides, the secretary. like
Peek, asked that support be given the
present program.
Conceding that some changes In
the act might be needed, among them
q substitution for the processing tax
as . means Of raising money for
benefits. Wallace held that the whole
farm problem is one Of planning.
Debate that will rage with great
intensity this winter" was urged by
the secretary In the formulation Of
new and permanent program. But he
pleaded that the debate not be RE
duced to petty, personal interests or
small local issues"
Must Decide Big Point
One thing that must be decided, he
said, is whether the permanent pro-
gram shall be simply national or in
ternational. Until that decision is
made. Wallace continued, the as
sumption must be that the plan Is
national -. because there Is OBJ
vio,,sly very little foreign purchasing
power for our wheat and lard at the
present time, nor Is any material
change conceivable within Z year or
two"
He warned against huge loans to
foreign countries to buy American
products until the United States Is
ready for the acceptance Of large
amounts Of goods from abroad"
After suggesting support Of the
current hog-corn plan, Wallace said
that the time is coming when we
shall have to reconsider many of the
devices employed In the adjustment
act"
| Among changes recommended by
various groups, Wallace said. are:
Substitution Of something for the
processing tax and the licensing Of
every plowed field. and the Inaugural
ton Of marketing farm products on
quota system"
One change in the act likely to be
made by the coming session Of con-
gress, Wallace asserted, is the In
sertion Of beef cattle and sugar as
basic commodities.
BE Sure Of Your Step
He urged his listeners ito defend
the Agricultural Adjustment Act with
every power at your command unit
you are sure you can get something
better"
Liberals who talk about fedora
control Of private business and thk
methods Of some farm strike leader:
drew criticism Tuesday from Peek.
Peek Is about to resign as farm ad'
ministrator as result Of dispute
with agriculture department Nberal'
and take q new Job at the head Of al
agency that will try to find ways o
disposing Of agricultural SURPRISES
After saying he believed the expor
field would reward "a very careful
looking into" he asserted:
There Is grave concern over tn
expressions Of q few ultra liberal
about the government taking owe
private business. II you want m
opinion-personally, not officially
; mind you'll would say that this ap
prehension Is unwarranted. Unles
II hustles, the government has NOR
hay down now than it will get u
before It rains.
Profits Are Essential
"The foundation Of the Who'll
structure (of the American govern
ment) from the first has been
. respect for private property right
and the sacredness Of contract
; Legitimate profits have always bee
1 regarded In this country Is . prope
; reward for individual initiative, IN
5 dustry and thrift. ! know Of no sub
stitute for such traits. ! am In fave
; Of the profit system: but I am
: favor Of starting with the farmer.
3 There Is abroad In the land
+ propaganda Of more or less import
; ance for doing away with the prof
system. This means no more On
!. no less than doing away with t.
|. institutions under which We have q
: grown up and prospered more OF les
alI am against the racketeers Of hie
4 finance q much 8 am against 4
Z racketeers Ia the underworld. 81
!. the remedy lies not n destroying o.
Institutions.