VETO PROPHESIED
BILL TO AID U.S. FARMERS TAXPAYERS’ BURDEN NEW XORK, May 1. The Hearst newspapers prophesy that the McNary-Haugen Bill, providing relief for the primary industries, will be vetoed by President Coolidge, and that Congress will then carry it over the veto. Picturing the effect of the legislation, the papers declare that it will surprise the farmers themselves. The Government will tell the packers and millers what price they will have to pay for hogs and wheat. To do this the Government must practically guarantee their profits to the packers and the flour men. After they have sold all that the American public will buy at the increased prices the packers and millers and cotton men will dump the remainder of their produce in the foreign markets at any price obtainable. And, whatever is lost by dumping, the Government will make up in cash taken from the taxpayers. There will be a complicated system of bookkeeping and inspection, involving gigantic armies of additional public servants.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/SUNAK19280509.2.75
Bibliographic details
Sun (Auckland), Volume II, Issue 349, 9 May 1928, Page 9
Word Count
166VETO PROPHESIED Sun (Auckland), Volume II, Issue 349, 9 May 1928, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Sun (Auckland). You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in