AMERICAN AGRICULTURE

New Zealand Herald, Volume LXX, Issue 21453, 29 March 1933, Page 9

AMERICAN AGRICULTURE

CREDIT AGENCIES UNITED ACTION BY THE PRESIDENT WASHINGTON, March 27 The President, Mr. Roosevelt, to-day sent to Congress an executive order establishing all Federal agricultural credit agencies under one unit. In the same order the President abolished the stabilisation operations of the Farm Board. The new agricultural N financial organi-" sation will be knojvn as the Farm Credit Administration. It will include the Farm Board, the Farm Loan Bureau and various credit agencies in the Department of Agriculture and the Reconstruction Finance Corporation. FARM RELIEF BILL MR. ROOSEVELT'S CRITICS OPPOSITION IN CONGRESS WASHINGTON, March 22 The Farm Relief Bill was passed by the House of Representatives in the face of sharp criticism. The debate was limited to four hours by determined supporters of the Presidents'. The most definite charge was that it was a "party spoils" measure that would do the farmers no good, but was designed to provide jobs for an army of Democrat officeseekers. Hundreds of thousands of minor officials will be required to administer farm relief. Mr. F. A. Britten (Republican— Illinois) was applauded whenJie called jt .. a gigantic programme of patronage. He said Mr. Roosevelt wanted this legislation and Congress must deliver it to him. Mr. John Clarke (Republican—New York) said: "This bill came from Soviet Russia. It is filled with bunk. It makes jobs for all the so-called farm leaders.. It will get the country into endless trouble. I find no virtues in the bill at allj but I intend to vote for it." It, is estimated that the bill will tax American consumers 800,000,000 dollars a year to provide artificial prices for farm commodities.