AGRICULTURE IN U.S.A

Southland Times, Issue 20495, 25 May 1928, Page 7

AGRICULTURE IN U.S.A

FARM RELIEF BILL. PRESIDENT EXERCISES VETO. Washington, May 23. President Coolidge for the second time veoted the McNary-Haugen Farm Relief Bill, which was designed to aid the stability of the agricultural industry. No chance of passing the Bill over the veto can now be seen. The Bill set up a federal farm board to be appointed by the President which was to supervise surplus operations. President Coolidge made the following statement regarding the veto:—“This document is much altered from its previous form, but in substance particularly as to the evident ultimate effect of trying to delude the farmer with the fantastic promise of an unworkable governmental price regulation it is still as repugnant as ever to the spirit of our institutions, both political and commercial. —Australian Press Association. POLITICAL SIGNIFICANCE OF VETO. UNDESIRABLE MOVEMENT CHECKED. (Rec. 7.15 p.m.) Washington, May 23. A momentous effect upon the Republican National Convention is likely to be the result of President Coolidge’s veto of the McNary-Haugen Farm Relief Bill. Messrs Dawes and Cowden and other prospective candidates have supported the Bill and the caustic veto makes the political position of all who desired the Bill’s passage extremely difficult. Apparently the President used this means to cht the movement to commit the party by candidate and platform to the Bill.—Australian Press Association. A message received on February 18, 1927, said: Probably the most important piece of legislation since Mr. Coolidge assumed the Presidency and one which aroused the bitterest controversy and is likely to have the deepest political significance, was enacted to-day, when Congress, after a long debate, passed the McNary-Haugen Agricultural Bill. The measure involves an appropriation of 250,000,000 dollars to assist the agricultural organizations through a Federal Farm Board, which will regulate the marketing of surplus products and will benefit the producers of maize, wheat, rice, hogs, cattle, cotton, and tobacco. The President .vetoed the Bill, defying the threats or the farmers’ leaders of dire political reprisals.