Show EXPLAIN FARM RELIEF BIL BilL Colfax j I Coif ax Says Plan Would Have Government Buy I Up Crops 1 I IU U B Hi J 11 fiDe COLIA COLFAX Special Copyright 1924 by Tn Consoli Consolidated i dated J Association WASHINGTON April t 6 As congress s turns turne turn from Teapot Dome and to the more pio sale salo bustnes of passing laM laun It Is by a deluge or of larner relief bills billa which probably will wUl Itak take lale after to tax all and bonus bill bills 0 otin el nearl nearly all other I I I legIslation ThORe run the scale ical t riom om outright ad of of 10 each ench to former farmers to pro 1 that the cov eminent take 0 otei el the wheat corn cotton amid ud audI wool stool output for tor fl the five e sear ears car I Some Sonic oC ot these Ulese billa bill probably i III be enacted Into Int la law All are arc I destined to render ronder treasury aid to 10 the man behind the plow A ff ft ha hate e been reported by committee mind now non are on the lh calendar alendor The Tho of roller relict put In the tho form of and cents centa cent runs from to 1 11 with Ith proposed appropriations of of from Irom to rUling asi as The TIo Th measures reflect cl tIme the th widest dl ol oi I proposed In sears ears ars The fa faor or laIc plan planas n ns disclosed in a number of oC the tho bill bills Is to hale hae hav the gO I create a new corporation would cope cop with Ith the th problem In I each such uch case cae It is la proposed that government purchase the th entire I capital stock of o the cont JUG BIG BOND D ISSUE In some case cases ca the corporations be b authorized In addition If f to olg Issue bonds rodS up t to mote than 1 The Th e et en enactment n of Is I me of f the th proposed measure measures probably i would wipe Ipe out the balI bal bal- balanc I ance anc in the th treasury at the end of the th next local fiscal year a 0 balance I estimated by the tho th bureau of the tho thoI I at out thoI of I I it which Imich the bureau hopes hope to save aavo avo 1395 S 5 for redemption of ot the lh I I public debt in addition to 10 the thc or- or orI or-dinar or dinar appropriation It If that plan if IR la followed there I would be a balance balanc of ot In the Lime treasury at al the th 1 end endI I of or the next nut fiscal sear ear The Tho fig fig- figore i Hs-i ure ore Is conditional of course upon I the corre for tor treasury esti etI estimates I I I mates mate of Income That Is the I margin marein left lert on the Iho th bureau of general appropriations appropriation after atter the thc I II of the time goern- goern I ment I ment have ha hat e been ben provided prot for tor or If H HIt j I It Is spent pent In III other a ther there bp be b no funds available a le It follow lot Toi farm I me- me le-lc le e- e elief hot lief Also 10 there would be nothing I I I in tn the treasury 1 Among the tho relief proposals proposal is a aI I measure Si is would create creale I a aI anew anew ai new bureau of ot marketing tori for ap- ap agricultural ai I use live Ih e stock product prodUcts In InI Inthe Inthe I the department ot of The head of 01 the lh bureau of an official I I at salary alary would devote his hi mention to extending for Cor hog hogs hoes cattle catti sheep bep pork and andI I beet beef products product corn wheat heal cot cot- cotI cot cotton I tOil ton oats barley arly and r re e ond be b empowered empo to take over shIpping board to trans trans- transI trans poi t I po O such auch uch products abroad The bill carries an appropriation ot of I I Another bill would l appropriate with which the gO 1 go- go would Mould be authorized and directed to buy wheat heat In 1924 and 1 at 1 I 10 60 a bushel buthel for tor I one northern spring I I I I II I I I h at o nd ni proportional prices price for tor other trades grades The Th corpora corpora- Hon ion through which thIs Ihla thi would Mould be beI bedone b done dono don I Is to be b owned by the th go- go After Atler busing bu Ing the th the bo b author author- authorized izei lo to o dispose of It at at such price and nd on such uch terms term as a It deems deem best oest for tor the th p purpose r oe of o Mel wel- tare fare U V S MAY Dl UlY Y CROPS Tl Thu Ei would Mould buy time 1324 crop of o wheat at nt 2 a bu- bu buhel abel ahel hel for lor number one on northern spun p ins heat wh at under tilt till another 11 it would auld also alo buy the corn crop and the cotton crop Ith th the former at a v nc of it 96 cents cent a a bushel the lh th latter at 30 centa cent a pound In addition It would Mould purchase the tho th wool clip at fi 63 cents la a pound Sales SIlles of the tho cOmmodities c would I be controlled under a regular S 85 a- a t tern tem m somewhat similar to that of I the war ar time condition Retailers R 1 not be b licensed d Secretary 55 lIlac ailace M would be b authorized b by I another bill to buy heat at from 1 10 to 15 1 25 a a bushU When I the tho accumulated purchases purchase reach reacts 1 bushels bu It would Mould be b per per- pr to issue l su treasUr certificates certificate cates cales cate against them Sill Stil 1 another n proposal Is Stat lh there b be II pa a use live I Is s loan fund of 75 15 7 In the treasury ury against which advances could be made mad to farmers up to toI I 1 1000 for tor the purpose of ot lug Ing live lime II e stock lock This mcatur is 1 I designed de to encourage live lit 11 e stock raising In the th heat belt All told tod the lh farmer is I on time th eve eo of ot Ing the lime lit close atten- atten Lion of ot Ional economists I auen-I ho differ ditter widely Idely In their Ideas as aH to who what hould be b don done There Ther is 10 virtual agreement however that time should hould properly fron the United States 11 i I I I I I I i I I i I |