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 modi-
fications, until longtime 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 q
new and permanent program. But he
pleaded that the debate not be "re-
duced to petty, personal interests OF
small local Issues
Must Decide Biz 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 i
national -. because there Is OBJ.
viollsly very little foreign purchasing
power for our wheat and lard at the
present time, nor Is any material
change conceivable within q year OF
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 1.-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
q 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 until
you are sure you can get something
better"
Liberals who talk about federal
control Of private business and the
methods Of some farm strike leaders
drew criticism Tuesday from Peek.
Peek Is about to resign as farm ad-
ministrator as q result Of a dispute
with agriculture department liberals
and take new Job at the head Of an
agency that will try to find ways Of
disposing Of agricultural SURPRISES.
After saying he believed the export
field would reward "a very careful
looking into" he asserted:
There Is grave concern over the
expressions Of . few ultra liberals
about the government taking over
private business. II you want my
opinion-perSonally, not officially,
mind you'll would say that this APP
prehension Is unwarranted. Unless
II hustles. the government has more
hay down now than It will get up
before 1t rains.
Profits Are Essential
1.-THE foundation Of the whole
structure (of the American govern
ment) from the first has been q
respect for private property rights
and the sacredness Of contracts.
Legitimate profits have always been
regarded In this country as q proper
reward for individual initiative. In.
dustry and thrift. I know Of no sub
stitute for such traits. ! am In favor
Of the profit system: but am In
favor Of starting with the farmer.
There Is abroad in the land .
propaganda Of more or less import
ance for doing away with the profit
system. This means no more and
no less than doing away with the
institutions under which ne have al
grown up and prospered more or less.
I am against the racketeers Of high
finance Is much e. am against the
racketeers In the underworld. But
the remedy lies not Ia destroying our
institutions"