On the recordApril 21, 1929
It is not proposed to pay the debentures of subsidies to the farmers, but to the export merchants, and it seems certain that a large part of it would not be reflected back to the farmer.
Source
presidency.ucsb.eduHerbert Hoover: “It is not proposed to pay the debentures of subsidies to the farmers, but to the export merchants, and it seems certain…”
Editor's note · Context
Letter to Senator Charles L. McNary on the Export Debenture Plan of Farm Relief.
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