Show FARM RELIEF PLAN DISLIKED I Logan Authority Asserts Haugen McNary-Haugen McNary Bill BillIs BillIs Is Dangerous Special LOGAN March The 8 I S Th problem ot of the farmer cannot be b solved by aiming to guarantee prices for tor farm tarm products which are higher r than the th normal market would In the opinion of or Dean W V L L head of ot the th school or of commerce and nd business bulnes admin admIn- administration administration at t the th Utah Agricultural college Replying to Lo a recent let let- letter letter l tr t-tr ter In which his opinion on the advisability of proposed farm tarm relief re- re re relict lief legislation was as nas requested Dr anlas pointed out the th 11 oba ble economic consequences of oC the Mc- Mc McNary Nary Mc-Nary Nary Nry Haugen bill now before congress con- con gress greo PL E-PL LED Briefly outlined It I Is proposed by the tho ot of o this thin to re establish the ratio between be- be between bc tween the prices or of o farm products and the th general prIce pric le level Iciel el that ex- ex exIted existed ex existed isted before the th war ar This Is is tobe to toI tobe tob be accomplished by appropriating II a revolving revolving- fund of I out of ot which exportable surpluses would be purchased by the co em eminent anent ment whenever these theao tend to do- do de depress pre press s domestic prices price below the do- do sirod ds-sirod aired Ired ls l The Th home horn market would be b further protected by tar tar- tarIffs tar tariffs iffs high enough to keep kep out all competitive commodities The Th surplus purchased at do- do domestic do domestic prices would be b sold eold In n the tho markets of ot the th world orld at prevail prevail- prevailing Int Ing world prices price The Th difference of 01 losses on the th sold for tor export ex- ex export port x-port port would be b II assessed against aJO the portIon ot of the th clop sold old In the th do- do domestic do domestic market mal ket Tho fundamental objection which Professor Wanlo expresses to all such legislation Is that It Interferes wIth the normal operation of or economic econ econ- economic economic law EVILS JIS POINTED Our This objection Is la set at forth In the following excerpt from the lh letter referred to abo above abase e Any measure which sets ts aside the working ot of o an economic law V lawand lawand and substitutes statutory I law subjects Itself to the th crIticism that It encourages the th pro pro- production pro production of ot commodities which as aa the price level Ivel clearly cl arly shows show are arnot not particularly needed nedd either at home or abroad In doing dolne this It or of course cours encourages es the misuse or of human effort and capital and natural resources to say MY nothIng of encouraging the tir added a ded evil or of orthe the one crop system T Prom From rr m figures just lut received from the tho th com com- corn com commission mission I notice nolle that the one one-er one one p procedure In our great groat wheat wheat- wheat gro growing Ing sections has hili already brought about a condition where here we are ar producing an average crOll crole or of only I 8 f 6 bushels bushel whereas In Canada the th lI erge yield 1 Is 21 23 6 bushel The Th costs of ot production under these their conditio conditions no are re ar 1 I 38 3 In Inthe inthe the United States and lId only Tic In Canada Canada- HARSH Professor points out that prices are ar In a a way the th Lh danger dan signals that should abow the th pro pro- t T ro- ro ro-ducer ro ducer hn hen hI his hie product Is Ie greater than the gon consumers umers umers are ar willIng to topsy pay for Cor He Ile believes blIe es that tle cause tAURA n of oC depre d agricultural prices tod today I lif le principally over over- overl vr- vr l production especially In certain lines The law of or supply and de- de demand mand de-mand mand ho 84 ads Ul s la 0 sometimes rather harsh In It Its operation butto but butto buto to my mind It Is ts the on only I law Iw that may be depended upon to correct this situation permanently Note Directors Note Directors of or the th Ogden chamber of oC commerce will pass PUR on onI this measure at their wkly weekly meet meet- meeting meet meet-I I Ing Monday of |