Agricultural Emergency Act to Increase Farm Purchasing Power: Hearings Before ..., 73-1 on H.R. 3835 ..., March 17 ... 28, 1933 |
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Page 30
Mr . Chairman , to clear up this question as to existing contracts . During the last 9
months I have had under active discussion a provision which will provide that at
the time any tax is imposed subsequent to the entering into the contract , that tax
...
Mr . Chairman , to clear up this question as to existing contracts . During the last 9
months I have had under active discussion a provision which will provide that at
the time any tax is imposed subsequent to the entering into the contract , that tax
...
Page 65
Now , Mr . Chairman , section 18 covers existing contracts , which was discussed
to some extent this morning . ... made a bona fide contract of sale for delivery after
such date of any article in respect of which a tax is imposed under this act , and ...
Now , Mr . Chairman , section 18 covers existing contracts , which was discussed
to some extent this morning . ... made a bona fide contract of sale for delivery after
such date of any article in respect of which a tax is imposed under this act , and ...
Page 66
Of course , the contract that was made before the act is passed would not contain
any provision of that kind . Is there any doubt about our being able to collect the
tax from the man who did the buying ? Mr . EZEKIEL . I understand not , Senator .
Of course , the contract that was made before the act is passed would not contain
any provision of that kind . Is there any doubt about our being able to collect the
tax from the man who did the buying ? Mr . EZEKIEL . I understand not , Senator .
Page 67
Agriculture and Forestry Committee. liable , and the Supreme Court says
anybody that makes a contract is subject to the exercise of the entire remedy of
the law . Senator NORRIS . But I am thinking whether the purchaserSenator
BANKHEAD ...
Agriculture and Forestry Committee. liable , and the Supreme Court says
anybody that makes a contract is subject to the exercise of the entire remedy of
the law . Senator NORRIS . But I am thinking whether the purchaserSenator
BANKHEAD ...
Page 246
The evil does not consist in contracts for the purchase of or sale of grain , based
on production costs , to be delivered in the ... Clearly a contract which gives to
one of the contracting parties , a mere privilege to raid the market by selling short
...
The evil does not consist in contracts for the purchase of or sale of grain , based
on production costs , to be delivered in the ... Clearly a contract which gives to
one of the contracting parties , a mere privilege to raid the market by selling short
...
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Common terms and phrases
acreage agricultural American amount apply Association average basic believe bill bring bushel cattle cents CHAIRMAN CLAIR committee commodities Congress consumer consumption contract corn cost cost of production cotton course crop dollar domestic effect export fact farm farmer figures fixed flour freight give going Government hogs included increase industry interest kind land less license LINGHAM mean meat mills necessary Oklahoma operation paid passed PEEK percent possible pound practically present processing processors production purchasing question raise rates reason reduce regulation rice Secretary of Agriculture Secretary WALLACE sell Senator BANKHEAD Senator FRAZIER Senator McGILL Senator McNARY Senator NORRIS Senator THOMAS Senator WHEELER SIMPSON situation statement surplus tariff thing tion trade United wheat Woods
Popular passages
Page 1 - To establish and maintain such balance between the production and consumption of agricultural commodities, and such marketing conditions therefor, as will reestablish prices to farmers at a level that will give agricultural commodities a purchasing power with respect to articles that farmers buy, equivalent to the purchasing power of agricultural commodities in the base period.
Page 241 - While the courts must exercise a judgment of their own, it by no means is true that every law is void which may seem to the judges who pass upon it excessive, unsuited to its ostensible end, or based upon conceptions of morality with which they disagree.
Page 2 - Congress to establish in subsection (1) of this section by gradual correction of the current level at as rapid a rate as the Secretary of Agriculture deems to be in the public interest and feasible in view of the current consumptive demand in domestic and foreign markets...
Page 5 - If any provision of this Act is declared unconstitutional or the applicability thereof to any person or circumstance is held invalid, the validity of the remainder of the Act and the applicability of such provisions to other persons and circumstances shall not be affected thereby.
Page 42 - ... regulations with the force and effect of law as may be necessary to carry out the powers vested in him by this title...
Page 69 - That no such agreement shall remain in force after the termination of this act. For the purpose of carrying out any such agreement the parties thereto shall be eligible for loans from the Reconstruction Finance Corporation under section 5 of the Reconstruction Finance Corporation Act. Such loans shall not be in excess of such amounts as may be authorized by the agreements.
Page 335 - Hon. ALLEN J. ELLENDER, Chairman, Committee on Agriculture and Forestry, United States Senate, Washington, DC DEAR SENATOR...
Page 64 - SEC. 16. (a) Upon the sale or other disposition of any article processed wholly or in chief value from any commodity with respect to which a processing tax is to be "levied, that on the date the tax first takes effect or wholly terminates with respect to the commodity, is held for sale or other disposition...
Page 7 - All provisions of law (including penalties) applicable in respect of the taxes imposed by section 600 of the Revenue Act of 1926 shall, in so far as not inconsistent with this section, be applicable in respect to the taxes imposed by this section.
Page 3 - Act shall upon conviction be fined not more than $10,000 or imprisoned not more than one year, or both. Every officer, director, agent, and employee of a bank holding company...
Bibliographic information
| Title | Agricultural Emergency Act to Increase Farm Purchasing Power: Hearings Before ..., 73-1 on H.R. 3835 ..., March 17 ... 28, 1933 |
| Author | United States. Congress. Senate. Agriculture and Forestry Committee |
| Published | 1933 |
| Length | 351 pages |
| Export Citation | BiBTeX EndNote RefMan |