U.S. FARM RELIEF

Poverty Bay Herald, Volume LX, Issue 18064, 15 April 1933, Page 2

U.S. FARM RELIEF

SENATE DISCUSSIONS AN AMENDMENT CARRIED (Elec. Tel. Copyright—United Press Assn.) WASHINGTON, April 13. By six votes the, Senate to day handed the Administration its first defeat, inserting a cost of production guarantee into the Farm Relief Bill. A coalition of Democratic and Republican independents put it through by 47 votes to 41 in the face of repeatedly registered Administration disapproval. This followed within a minute’s approval by the House of the £400,000,000 farm mortgage 're-financing section of the Relief Bill, which went through by 387 votes to 12, after the Speaker, Mr. Rainey, had blocked an attempt to have a big currency inflation plan substituted for tlie entire plan. The House, which long ago approved the Farm Relief Bill voted on the mortgage bill to shorten the time needed to bring both branches in agreement, once the consolidated bill gets through the Senate. The amendment that the Senate added to the bill is not mandatory, but merely authorises tho Secretary of Agriculture 'in -helping the farmer to 'get more for his crops, to use the SimpsonMorris plan under which a farmer would be guaranteed enough for his crops to cover his cost of production and a reasonable profit. The Farm Mortgage lie-financing Bill would authorise a. subscription of £20,000,C00 by the Government for setting up a permanent system of federal associations to provide mutual thrift institutions in which tho people may place their savings, and invest their funds, in order to provide for financing of homes.