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Show Coolidge and Wallace Differ on Wheat PRESIDENT COOLIDGE and Secretary of Agriculture Henry C. Wallace are not in full accord on the program for agricultural relief. The difference of opinion was brought out prominently when Secretary Secre-tary Wallace, in the face of the President's Pres-ident's recommendations on the subject, sub-ject, made public his comprehensive report on the wheat situation in which he advocated the creation of a government export corporation to buy surplus wheat and market it abroad. President Coolidge, who was w7ell informed in-formed in advance of Secretary Wallace's Wal-lace's proposal, did see fit to recommend recom-mend it in his message to congress. The President, it is declared, regards Secretary Wallace's program as too drastic. While the President said in his message mes-sage that he believed it to be feasible to provide government assistance to exports, and urged that authority be given the War Finance corporation to grant liberal terms on loans for exports ex-ports of fats and grains, he failed to give approval to the use of government govern-ment funds for the direct purchase of surplus farm products as proposed by his secretary of agriculture Wallace. Secretary Wallace in his report gave the following as chief features of his program : Creation of an export corporation to buy surplus wheat and market it abroad, any loss incurred to be assessed as-sessed against the entire crop of the following season. A temporary reduction In freight rates of 25 per cent. Creation of a commission to study freight rates with a view to a readjustment re-adjustment relieving the farmer of undue un-due burdens. Reduction In wheat acreage and diversification di-versification of crops by the farmer. Reduction In taxes by the states on farm lands. Secretary Wallace holds that the sale or gift of a substantial part of our surplus wheat to countries which are not able to buy, and which would, therefore, take it out of the ordinary channels of trade and competition, would unquestionably have a helpful effect upon domestic prices of wheat, provided larger tariff protection were given. |
