The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-19
..SOLONS CONCERNED
!. BY FORECLOSURES,
DELINQUENT TAXES
Bumper Crop of Bills Offered to
Remedy Situation Before
It Is Too Late
MORATORIUM IS DEMANDED
Hull Would Place Billion in Fund
to Retire Rural Mort
gage Loans

Washington. Jan. 10. - R - The
farmer facing the loss Of his home be-
cause he cannot pay mortgage INSTALL
ments or taxes Is one Of the chief
concerns Of congress.
The plight Of the farmer as told in
dispatches from q score Of states prin.
cipally in the west and south-has
given rise to . bumper crop Of bills
designed to give him help before 1t is
too late.
Whatever may be In store for the
domestic allotment" price boosting
bill now temporarily begged down In
. morass Of senate doubts, there Il
no question Of q determination among
senators and representatives to act
before the present session ends and
throw life line Of federal credit into
the rural sections. This Is regarded
As more imperative, even, than meas
ures to raise the prices Of the prod
ucts the agriculturist produces from
his soil.
Some call for outright "morator-
ium" on mortgage foreclosures. One
Of this type has been perfected by
Senator Hull (Dem., Tenn.l
No Interest on Loans
A billion dollars would be placed a.
the disposal Of the Reconstruction
Corporation under the Hull measure
to be used In paying the farmers
mortgage loan, to secure the post
ponemont of foreclosures for two
years and to pay his back taxes. The
money would be loaned without In.
tereSt.
Senator Harrison (Dem., Miss), has
q proposal which would direct the
corporation to lend the owner OF
mortgaged property-either urban or
farm-enough money to pay the taxes
for two years.
A bill offered by Senator George,
tDem., Ca, would authorize loans up
to three billion dollars and would
have the federal government take
over farm mortgages at SO per cent OF
their original value provided the
mortgage IS willing.
Chairman McNary Of the senate
agriculture committee said 1t would
seek Friday to decide what products
should be included In the domestic
allotment" farm relief bill.
After another committee session de.
voted to study of the measure passed
by the house. influential members ex-
pressed the view that 1t would not be
reported favorably unless It Is restrict
ed and greatly simplified.
Not Certain Of Favor
Even then, they added. favorable
report Is not certain. It was also said
that members seem to feel the whole
thing Is "sham battle" anyway. be-
cause Of the general belief that Prest-
dent Hoover would veto 1t.
Chairman McNary said he planned
to have the committee determine to-
morrow the extent Of the public hear
ingS to be held as well as the number
Of commodities to be included.
The bill, as passed by the house
would apply to wheat, cotton. tobac-
coin rice, peanuts, dairy products and
hogs.
Committee sentiment today showed
itself In favor Of reducing this list and
President-elec Roosevelt has taken
the position that the bill should Be
confined to wheat and cotton for q
starter.
Quick Decision Needed
Members pointed out that It would
be necessary to decide on the products
to be included before the hearings be-
gin In order to restrict the number Of
groups to be heard.
Democratic house leaderA began
considering plans to eliminate double
taxation during Z special assembly Of
the new congress in April.
BY unifying taxes to permit the
states to participate in revenues COL
lected by the federal government,
thereby eliminating various levies on
the same products, the Democrats
hope to raise additional revenue on
the basis Of increased consumption Of
tobacco. gasoline and other products.
Representatives Of tobacco and gas
oline interests already have proposed
to Democratic members Of the ways
and means committee that before adj
ditioual tax legiSlation Is undertaken
these proposals be given consideration.
They were told. however, there was
no hope for enactment Of such lesis-
lation 1T this session. due to the con.
geSted situation In congress.