niE DUPLIN TIMES, KENANS VILLE, N. C, THURSDAY SEPTEMBER 13. 19G2. v1; kv:V
' 1 I - '-
i WASHINGTON-In the drive to-'
ward adjournment, the Senate hag
passed the Farm Bill, 47 to 37, the
Drug Bill, 78 to 0, and has scheJul
d the Tax Revision Bi'l for debated
, This tax bill should be distinguish
ed from the emergency lax cut pro
posal Which has been set aside for
this season. I voted for passage of
' Bie Form and Drug bills. As this
Column is being written, the final
form of the Tax Revision Bill has
aot been determined by, the Senate
and no votes have been taken on
he measure.
TAX iBILL-The Tax Revision Bill
known as the Rsvenue Act of 1962
passed the House on March 29
under a closed rule permitiii:.; no
amendments. Congress has consid
ered its basic provision since April
to, 1961, when the President sent
up his tax message. The Senate
Finance Committee deleted from
the House version of the bill a pro
vision relating to the taxlag of
dividends and interest b wothhold
fcngs. The principal pro ision of the
Senate bill is a propoaud' seven per-
Cent tax credit for business invest
ment in the purchase of equipment,
machinery, and certain other prop
erty. The other twenty-six sections
Of the bill are primarily conceded
with the deductibility ,of expenses
and the treatment of certain capital
fains transactions., The controver
sial nature of tax revision is dem-
"fiSHBBSSitl : '
And
Full Crop Seeds
Planting Time
Is Almost Here For:
CRIMSON
CLOVER
LADINO .
CLOVER
FESCUE
RYE GRASS
SEED OATS
ABRUZZI RYE
We Will Be
Happy To Fill
ASC
Purchase Orders
FARMERS
Seed & Feed Co.
Wallace,
N. C.
onstrated by the . report . filed on
this bill by the Senate , Finance
Committee. Ten of the seventeen
Senators who comprise the Com
mittee filed views separate from
those prepared by Senator Kerr Who
drafted the majority report. :
FARM BILL-For the second time
this year the Senate has passed its
version of a Farm Bill. The first
version was approved by the Sen
ate, 42 to 38, on May 27. That bill
was rejected by the House 21S to
205. The House then passed a mea
sure which had among its prov'
sions an extension of emergency
wheat and feed grain programs,
voluntary controls on milk produc
tion, and a program to convert
croplands Into recreational areas
and other uses.
Tli. latest Senate-passed Farm
Bill alters the House bill in two
major respects. It contains a one
year extension of the present tem
porary feed grain voluntary con
trols program, but wipes- off the
statutes the permanent Corn Act of
1958. Thel958 Act provides that
corn be supported at 90 of the
proceeding three year average mar
ket price, but at no less than 65
of parity. That Act has no limita
tion on corn production. Today the
Federal Government has in stor
age 1,650 million bushels of corn
and grain sorghums. Senator Elien
der. stated during the debate that
"corn and other feed grains and
wheat cost the taxpayers $900 mil
lion a year to store". It was in this
climate of huge surpluses that the
Senate passed earlier this session
a bill providing for stricter wheat
and feed grain production controls.
Feed grain controls were left on a
voluntary basis in the second Sen
ate bill.
The Senate-House versions of the
Farm Bill also differ over wheat.
The House measure merely extends
for one year the present emergency
wait program. The Senate approv
ed a wheat certificate plan which
would Institute a national market
ing quotas with a minimum of one
billion bushels a year. Currently
wheat has no bushel requirement. It
is based on a minimum national a
llotment of 55 million acres. Aver
age wheat production per acre has
ben running about 22 to 26 bushels
per acre. Wheat production aver
aged about 12 bushels per acre in
1938 when the 55 million allotment
was established. Huge wheat sur
pluses have accured in recent years
due to technilogical and research
advances.
Senate-House conferees this week
will triy to iron, out a Farm Bill ac
ceptable to both bodies. North Car
olina's tobacco, cotton, and peanut
programs are not changed oy the
bill. The most that can be said for
the Senate bill is that it is the best
bill that could be passed under the
circumstances. The only advantage
of the Senate feed grains amend
ment is that it will require Con
gress to take another look at that
program next year.
"God has lent us the earth for
our life. It is a great entail. It be
longs as much to those who are to
Tennelia Smith Reporter
come after us as to us, and we have
no right by anything we do or ne
glect, to involve them in any un
necessary penalties, or to deprive
them of the benefit which was in
our power to bequeath. " - Ruskin
In truth, people can generally
make time for what they choose to
do: it is not really the time but the
will that is lacking.
Sir John Lubbock
; IWitchweed, a parasite of corn and
nther crosses, was first discovered
in North Carolina in 1956, and has
since been identified in 30 counties
In the Carolinas.
Hparlniiarters for the fieht against
the pest is the N. C. Department of
Aericulture s Border Belt Tobacco
Research Station at Whiteville.
Field experiments are conducted at
a 55-acre farm near Evergreen ana
a 92-acre farm near DiMon, S. C.
A one . sixteenth of an Inch dif
ference in the lengtn of cotton libei
an change the value of a 500 pound
LEI US Fill YOUR
AS C
Purchase Orders
Now -i Is The Time For
fA Fall Planting
V
Ma
Wheat
;Oats
All Cover Crops
gnoii
Hdwe
'v t
Magnolif N. C. .
': . " T 1 JI J ..' IT IMlJl
tomptm
A farm s
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