OCR Text |
Show BARNES APPROVES HOOVER'S PLANS NEW YORK. Tw" 21. Approval of the plan urged by Herbert Hoover to supply food to Central Europe on credit by using the capital of the United States grain corporation was announced tonight by Juiius H. Barnes, president of the corporation cor-poration and I "nltod States wheat director. direc-tor. The profits of the corporation are quite material, Mr. Barnes explained, and might "well be invested in such humanitarian humani-tarian relief." He added, that Instead of losln? $1,-OOu.or'O.OiHj $1,-OOu.or'O.OiHj In discharging the pledge of a guaranteed price to the wheat producers, produc-ers, as had been expected, "it is very improbable that the national treasury will have any loss whatever from that source." He said that congress should authorize author-ize the loan of $ 1 00. OnO . 0-0 or S200,0K).000 of this amount in support of the Hoover plan. |