Douglas Daily Dispatch

MCNARY HOPES FOR SOLUTION FARM PROBLEMS

Declares Agriculture Must Be Given Equality With Industry

WASHINGTON, Oct. 29 (P)—Senator McNary, of Oregon, co-author of the vetoed McNary-Haugen bill, and new chairman of the senate agriculture committee, came to Washington today bearing a message of hope for a solution of the farm relief problem now worrying republican party chieftains.

"What form farm legislation takes is not so important," Senator McNary declared, "so long as our guide is the principle that agriculture must be restored to its former place of equality with industry, transportation and labor."

Senator McNary, in a prepared statement, said that the surplus problem was still the outstanding issue on farm relief. The equalization fee provision of his vetoed measure, he reiterated, would have provided a means for marketing this surplus, but he added:

"The export debenture plan endorsed by the National Grange undertakes to do the same thing, and, if I interpret correctly the statement of Secretary Jardine, he would attempt to do the same thing by loaning large sums of money to cooperatives to regulate and withhold the surplus from sale, thereby stabilizing prices by preventing violent price fluctuations."

While he has not discarded the controverted equalization fee, it was obvious that the senator was looking with favor on both substitutes mentioned by him.

The plan of the National Grange would meet the losses sustained by farmers in disposing of surplus crops through export debentures which would entitle the holders to cash them at par out of receipts from customs collected by America's tariff.

The agriculture chairman also made it clear that he was considering the administration plan to authorize considerable loans to cooperative marketing associations.