Word: fee
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Dates: during 1920-1929
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...eliminate the last factor, the ten pig men cooperate. They agree on a pig-selling period. To protect themselves further from each other, they agree that, for each pig he sells, each pig man shall put a certain fee in a common fund. At the end of the pig-selling period, portions of this fund shall be advanced to any of the ten pig men who have had to sell their pigs, at home or in some other village, for less than what all agree upon that year's "fair price" for pigs. The pig men have thus equalized...
...might avoid paying in their equalization fees by getting some local philanthropist to set up a marketing fund for them. Then, in years when the ten pig men raised more pigs than could be sold profitably in their home village, those who had surplus pigs could borrow from the fund to pay for transporting their pigs to distant markets, or to buy feed for pigs kept penned until the home village was ready to buy more pigs. In case the pig surplus was so great that the pig men's borrowings exhausted the loan fund, the pig men could...
...farmers-raisers of livestock, grain, cotton, tobacco. The philanthropist is the U. S. President Coolidge has been willing that the Government should set up a loan fund and a farm board to administer it. He has been unwilling that the U. S. should engage to administer the equalization fee, which he construes as involving price-fixing and as putting the Government directly into the buying and selling of various farm commodities...
During the House debate, the equalization fee plan was momentarily sidetracked. Into the Committee of the whole-which is the compact form the House takes during the reading of major bills-Representative Aswell of Louisiana introduced a bill omitting the equalization fee and asked that it be substituted for the McNary-Haugen measure. The Committee of the whole voted in favor. Hubbub then reigned, because the members could not agree as to precisely what had happened, whether a whole new bill had been substituted or just an amendment. When the whole House met, the McNary-Haugenites settled the matter...
...Then, if the loan fund should be exhausted, the Board would fall back on the Equalization Fee, a levy collected proportionately from all the growers of a surplus crop. The fairness of this scheme has never been questioned, since when a surplus crop occurs, all who have grown the crop have contributed to the surplus and helped drive the price down. The difficulties foreseen are in determining when a surplus exists and in deciding what is a "fair price...