Newspapers / The Daily Advance (Elizabeth … / April 2, 1924, edition 1 / Page 3
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McNary-Haugen Bill Is Ahead Bonus And Taxes But Though May Get to Vote Sooner Than Either of Other Two Measures in Senate Prwpccts of Its Pass ape Appears Exceedingly Remote Ily DAVID LA WHENCE (Cofyrljht. 1*24. By Th? Atfvanc*) Washington, April 1.?President Coolidge has been brought face to face,with the most perplexing piece of legislation of the present session?the McNary-Hailgen bill. Senator Cummins "of Town has asked the President to lend his influence to a movement! which has for its object the passage of the McNary bill ahead of tax and bonus legisla-| tion. Mr. Coolidge's views were not dis closed by the Iowa Senator when htf left the White House but it may be, taken for granted that unless the! McNary-Haugen bill 1h materially al-| tered it will not only fail to get| Presidential sanction but may evei be vetoed. No measure in recent years con-| tains more controversial points, measure. Indeed, has aroused much opposition, and 110 bill withl Itrf problems of enforcement has been! presented so seriously in the lastlj ten years with the possible exception| of the Volstead Act. For to make the McNary-Haugenl bill effective, its critics insist, an] army as large, If not larger than the prohibition police force will be nec-| essary. What does it provide? Hardlyl anyone can give a comprehensive] idea of exactly how It will work. but| the avowed object of the legislation is to make the Government act the export agency for the sale wheat abroad, using a fund of $200,^ 000,000 as capital and in effect, speculating with the situation so that If the export price is 'high enough1 the farmer will get the benefit of It but If It isn't the losses will be dls-J tributed among the producers. Basically, the McNary-Haugen hill| Is objected to because It would In troduce Into circulation a new form! of money known ns "scrip." In ac tual practice the bill would work f something like this: If the prices of all commodities (1 are considered to have increased a J certain per cent over pre-war level, then that per cent is used as a means | of arriving at what ought to be the | price of wheat. Thus wheat should sell at $1.50 I for export. The farmers would be given in payment, however, not the I entire sum but approximately $1.25 in money and 25 cents in scrip. The Government would purchase the crop supplying amount above the domes tic market price out of Government | funds. If the crop was sold abroad I at a good figure, then the 25 cent scrip would bo worth something. If not. its value would be correspond ingly reduced, There is no way by which farmers could be prevented from selling their.scrip at n dis count'or at the figure they think it might bring at the end of the nego-1 tlatlons conducted seasonally by the JI Government. Shop keepers and oth-: ers who had the scrip would not I know its value. It would mean a new currency and the opponents of the measure say It would weaken con ft-I dence In all currency as It would In-! troduce elements of Inflation In an otherwise sound American currency*! system. But the principal objection made to the bill Is that It does not pro-| vide for a limitation of production. Those who had charge' of the Gov-1 ernment's wheat operations during the war insist that fixing the price of wheat stimulated production. And the more acreage planted, the great-) er would be the Government's prob lem in giving the farmer his due. For whenever there is an over sup-j ply, the price goes down. There is no provision in the McNary-Haugen bill which would limit the planting. The experts who have examined the bill say it wouldn't work a sin gle day and that It would drive out of business every wheat exporter and would completely demoralize the whole grain business?an experi ment described by one of those who BllSlSSlsiHSlSlSlSls]? ASK FOR LORD JEROME CIGARS Sold by retail druggists end grocers. ? Whoelsale Distributors ?? D. K. MORGAN & COMPANY BiiEaniaiiHiiissisii Vhfn Time In Precious Give Ue A Ring. The Apothecary Shop Phone 400 have talked with the President about It at* probably the greatest humilia tion that could come to the Ameri can Government. There is another phase of It which Ih exciting the Interest of foreign j government*. Should the United States Government do the very thing It has objected to In others, namely, dumping? Laws have been passed here to I prohibit dumping. If the United I States Government takes ov?a* the 'export of wheat and acts In mono polistic spirit, the foreign govern ments will retaliate. Already there is talk of placing a duty on Amer ican wheat equivalent <o the amount by which the American Government agency Increases the price for ex port. Retaliation of this kind would undo the work of the propos ed grain corporation.. The whole thing means a venture by the Government Into private in dustry and drives out of business those who have been in the export trade. Price-fixing has many oppo nents here, for other reasons, how ever, because they fear that if Gov ernment Is forced to control wheat It must of necessity enter Into the entire list of food products and begin to regulate their sale and dis tribution. Cooperative farm organizations would he a hit by the new legisla lation and the old controversies which arose during the war over the prices that should be allowed for different grades .of wheat are ex pected to develop again. If the bill is passed. There are some who tanve gone so far as to nay that the Induce ment to diversify' farming would be eliminated and that the whole whe^t industry would be upset while the experiment was being undertaken. The Department of Agriculture has favored the bill In principle. President Cooltdge has been examin ing the reports and opinions of ex perts on both sides. Unfortunately all other agricultural legislation has fallen by the wayside and the farm bloc wants the McNary-Haugen bill as an evidence ' of having accom plished something this session for the farmer. Various proposals are being con sidered whereby the bill may be amended. The amendment probably will lead to such confusion that the whole scheme will have to be re constructed. The present McNary Huugen bill, this correspqndent be lieves, has no chance of becoming law. Senator'Curtls of Kansas haa Introduced a bill which provide* for national co-operative marketing In stitutions and on his bill may be constructed a plan for agricultural relief but this will not materialize until after the debate on the McNary bill has been concluded. ANOTHEB TOUCH OF WINTER Washington, April Z ? A distur bance oyer central North Carolina this morning will move northeast ward attended by snow and rain along the coast and snow in the In terior from Virginia northward, the weather bureau reported today. Lower temperature is predicted for the South Atlantic states and frost is probable tonight as far south aa Florida. y FOOD GAVE HER HOURS OF AGONY Mrs. Leda Yeager, of Reading, Pa., Tells How She J*reed Herself From Distress Mrs. Leda Yeagcr "For two years I had indigestion ao bad that no matter what I ate I waa in agony for hours," says Mrs. Leda Yeager, 103 Schiller St., Read- i ing, Pa. "I was so nervous I could not rest 'j day or night. I doctored with three 1 doctors, who diagnosed my case aa in digestion, which caused high blood pressure and nervousness, resulting in > Rheumatic Pleurisy around the heait. j Finally, they decided I had Vertigo. "But now! I do not feel like the same person 1 These hideous troubles are nearly completely gone. They be gan to go when 1 began taking Mun- j yon'a Paw Paw Tonic and they grad ually disappeared as I kept on. ?1 owe most of my improvement to won derful Paw Paw Tonic and I will J gladly recommend it to suffering j humanity.' * What Paw Paw did for Mrs. Yeager, it haa done for many thou sands of other men and women. And it may do the same for YOU. Dc not I 'allow t&ia opportunity to pass by! Every peraon who is distressed by j indigestion or is weak, despondent or nervous should try Paw Paw Tonic. It I coats only $1 a bottle. One bottle may make you feel like a new person. You can buy it at any first-cla?3 drug store. "There's a Munyon Pill for Every 111." Muu /A?r? f Hop*' yon'?, Scrantor.. Pa. WOOL SHORTAGE PREDICTED Boston. April 1 ? A shortage of fine woolt Is predicted here before the next Australian clip becomes available. Local manufacturers, however, are still buying conserva tively, although consigned domestic wools are selling well at firm prices. Sixty per cent of the wool consigned from the West has been sold.. I DISCOVERS RI*BRER FIELD I j Detroit. April 2 (By The Consoli dated Press) ? A successful search for new rubber fields has been made by Professor Carl Lerue, Unlversit) THE HOME OF GOOD FOOD We know our groceries and canned goo?s are good. Our customers know It. But there are many people who have never given us a trial. They are the ones who don't know our food is so good. We merely ask for a single opportunity to serve you who 'j have never been In to see us. "* G. W. Twiddy | One Cent Sale Coming Soon Watch for Announcement monuments Lawson & Newton r/ic Monument People Estimate* filven on Work. Set Complete /lontlcello Ave. ?t 11th St NORFOLK, VA. CONTINUED FOR A FEW DAYS ! 3 More Renewed Coupes A SMALL PAYMENT DOWN?BALANCE ON EASY TERMS SAVE MONEY! BUY NOW! BUY HERE! ? 4 Auto 6? Gas Engine Works, Inc. Authorized < Dealers of Michigan. in the vicinity of Gobi Ja. near the meeting place of the boundaries of Bolivia, Peru and Hrazll. In this territory is raised the finest rubber in the world. GOODYEAR TIKES? At Reasunable Prices Pathfinder Fabrics 30x3 96.73 30x3 Vi 97.50 Straight Side Wingfoot Cords Auto Supply & Vulc. Co. l*HO.\E 407 Elizabeth City, X..C. NINETY ACRES HIGH LAND ) Easily drained, located near Crooked I Creek in Camden County about 200 yards from the Main Roaa. Will sell or tiade. Apply to Gallop & Sawyer ELECTRICITY Is the friend of the modern woman. It makes her daily work a pleasure instead of a burden. It attends to washing and Ironing her clothes, cleaning house and running her sewing machine. We have the ap pliances and the price Is low. W. S. White & Co. 410 Matthews Street. PHONE 64. BE WISH? 8-7-9 is the number to call if you wfaut a dabster to do your tailoring. Tailoring In all its branches for Ladies and Men. S. S. 1IA1UU8, Tailor, 104 Lawrence Street. debs? a a a bus a?! Alkrama Today VWtere'An^l8 fear bo tread. 'Modem +* Oven'Moore Alice Lahf SSBSSHBBSHS?? MELICK: The Wedding Present Store Is always ready t^i execute orders. Per mit us to help you find just what you want in our large assortment. =MELICK= One Cent Sale Coming Soon Watch for Announcement KELLOGG'S TASTELESS CASTOR OIL Baby** best friend? mother* welcome It. A 100* ptire castor oll.auperreflned. Excellent lor family uae. Free from any taate or aroell ? tin unpleamant after-effect*. Por sate at: all good drug stores everywhere. A RNQVEBT THAT WAS AI.MOST A THAORDY "Three year* ago at a banquet I was stricken with acute Indiges tion. Two doctors worked on me for an hour before I came to. I had had severe colic attacks before but nothing like ?hs\ No doctors or medlotne gave me permanent help until a friend, who was at the ban quet advised me to take a course of Mayr's Wonderful Remedy, which I did with wonderful results." It Is a simple harmless, preparation that removes the catarrhal mucus from the Intestinal tract and allays the Inflamatlon which causes practically all stomach, llVer and Intestinal ailments, Including appendicitis. Otis dose will convince or money refunded nt nil drofflats. aprtndv
The Daily Advance (Elizabeth City, N.C.)
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April 2, 1924, edition 1
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