The Daily Alaska empire., 1935-11-02
HOOVER DODGES FARM ACT.

The recent session of the Republican National Ex- ecutive Committee in Washington avoided any refer ence to Agriculture Adjustment Act in it's sweep ing indictment of the Roosevelt Administration Ana ExPresident Hoover, in his first political speech at Oakland Cal, studously excluded entirely the AAA from his long list of sins of commission charged up against his successor in the White House Hence the hierarchy of the G. O. disregards conspicuousy the 58 to decision rendered against the emergency agricultural program both constitutional and radi- tional" grounds by the Liberty Leagues corporate , supreme court
 But MT Hoover and the Republican National Ex ecutve Comrsittee and likewise the divers grass root gatherings were all admittedly sidestepping AAA on purely political grounds and it has never been political proposition It has not been administered by partisan and there is nothing about it that sug- gests partisanship. On the contrary it is purely economic in both conception and execution and was devised to correct-and certainly is correcting-the previous interference with tariffs and foreign trade under the Harding Coolidge and Hoover administrations that political and that not only ruined agriculture but undermined the nations general industrial and financial system.
 For seven and a half years MT Hoover served as Secretary of Commerce and the public assumes that his experience renders him more qualified for dis cussion of present problems from economic stand point. But had he done so avoidance of any mention of AAA would have been impossible.
 The AAA was only one of the component parts of the general policy of the Roosevelt Administration aimed at restoration of the old competitive machine; sof producing balance between prices and costs be- tween income and interest charges between the cost of living and the buying power of consumers. All of this to make business activity again possible The Presidents monetary poicy-adopted much earlier by the English whom MT. Hoover praises for their wisdom-was the keystone of the arch, following his swift restitution of adequate banking facilities and safeguarding the peoples bank deposits. The Farm Credit Act to farms from foreclosure; the Home Owners Loan Act to save urban homes from fore closure the National Industrial Recovery Act to bring employers and workers together the Federal Housing Act to stimulate the sagnant heavy industries vast extension of the powers of the REC render general instead of narrowly restricted servce the public works and work-reef acts-a are integrated parts of this concentration of effort toward genuine recovery which has brought the astonishing results now apparent on the financial pages of any newspapers you pick up. ol Had MT Hoover discussed the issues the econ- umst his qualifications prove him to be, he could not s 1ave evaded certain outstanding statistics For ample: In 1892 per capita production of goods had dropped to 72 per cent of the 1929 level Last August it back to 84 per cent and is now higher still But production of capital goods in 1892 only 27 per cent of 1929 and last August it had doubled to 53 per cent. These figures adjusted to population growth, which people frequently over look in discussing unemployment
 So production of many things had to be restored for the benefit of manufacturers and merchants And that vast element which traditionaly has been Am- ercas best customer-the farmer and his dependents had to be utilized at once. Now that might have seemed ironical to persons who skeptical of MT Roosevelts plan, because agriculture in the worst plight of all. It's conditions semed utterly hopeless. In 1882 the physical production of farm commodities 99 per cent of 1s29-against only 21 per of the heavy industries which of laid off millions of workers General industrial pro- duction 54 per cent of the 1929 level and farm production practically the same as in 1929. Farmers couldn't lay off help; they had to lay off Ane they lacking in help from Washington, Thei export markets had vanished but the Government wa not even reminding them of that fact.
 So the farmers maintained their production un checked until in 1892 they had suffered reduction 58 per cent in their normal cash income. This com pared with loss of 37 per cent in the income of agricultural industries. sAny economic discussion o this vital topic could fail to disclose that at tn present time American farmers producing "A pc cent of their 1929 production a result of whicl their net cash income has increased to 56 per cen of 1929 and they have been the main prop in bring ing industrial cash income up to Fl per of 1929 Had there been no restriction of farm production there would have been elimination of the price depressing surpluses resumption of that magni ficent farm buying power that has got industry bac on it's feet
 Undoubtedly Mir. Hoover has had time to thin the fact long stressed by the farm organizations that industrial income rise only when the farm CTS buy But that rule of course works both ways because the cities and the towns must also buy iron the farms And every branch of industry, as vel as agriculture, is advancing toward normal, an