FARMING IN AMERICA.

Waikato Times, Volume 103, Issue 17411, 25 May 1928, Page 8

FARMING IN AMERICA.

McNARY-HAUGEN BILL. VETOED BY PRESIDENT. MOMENTOUS RESULTS PREDICTED. (By TRleprapn.—Press Assn.—Copyrlßht..) (Australian Press Association.) WASHINGTON, May 23. For the second time the President,, Mr Coolidge, to-day vetodrl the Mc-Nary-Haugen farm relief bill, which was designed to aid in the stabilisation of the agricultural industry. No chance of passing the bill over his veto is now seen. The bill set up a Federal Farm Board, the members to be appointed by the President, which was to supervise the selling of surplus produce.

Mr Coolidge made the following statement regarding his veto: “This document, is much altered from its previous form, but. in substance, particularly as to the evident ultimate effect- of trying t,o delude the farmer with the fantastic promise of an unworkable regulation of prices by the Government, it is still as repugnant as ever to the spirit of our institutions, both political and commercial. The President’s veto is likely to have a momentous effect upon the Republican National Convention. Mr C. G. Dawes, Mr F. O. Lovvden and other prospective candidates have supported the bill, and the caustic wording of the veto makes the political position of all who desired the bill to pass extremely difficult. Apparently the President used this means to check the movement to commit the party to the bill by its candidate and platform.