Word: tincher
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...pared to $175,000,000 in order to improve the bill's chances; $75,000,000 of this amount was set aside for cotton to bring the South into line, and a bitter fight raged. The North and East turned on the bill calling it rank subsidy. Congressman Tincher (who had a more modest $100,000,000 plan) fiercely attacked the Haugen bill, and certain Southerners denounced it as unworkable. Sound and fury swelled unabated...
...farm relief problem centres on two bills. The Tincher bill (supported by the Administration) carries $100,000,000 to be lent as a revolving fund to farmers' cooperatives to aid them in solving their crop surplus problems. The Haugen bill (opposed by the Administration, demanded by many farm interests), carries a fund of $375,000,000, which contemplates Government purchase of farm surpluses in emergency to maintain domestic prices, and will impose (after two years) a tax on farm products to provide for losses in the use of the fund...
...farmers' demand were not insistent, it is doubtful whether the Administration would ever have favored the Tincher bill, because there is some doubt whether the revolving fund will revolve or will merely fritter away into frozen loans. Many farmers do not want their co-operatives to be saddled with these loans, much preferring a gift of $375,000,000 at once, and then a division of any losses above that by means of the tax against all producers...
...directly at Mr. Haugen, who is an lowan, but at Mr. Tincher of Kansas that the President and Secretary Jardine nodded. Mr. Tincher has a bill which would create a Federal Farm Board and endow it with the use of $100,000,000 until 1950. This board would lend its funds to farmers' cooperatives, which would buy and hold the farm surplus so as to maintain farm prices whenever there was an excessive crop. The Administration was willing to indorse this bill, saying that it did not put the government in business...
...Haugen and his agricultural committee decided to report this Tincher bill to the House. But they went further. They decided also to report another bill, which has been dubbed the Haugen bill because of its resemblance to the McNary-Haugen bill which unsuccessfully vexed the last Congress. This new Haugen bill would set up a board similar to that proposed by the Tincher bill, but it would go further: it would endow the board with $350,000,000 instead of $100,000,000. and provide that if the farmers' co-operatives were unable to cope with the surplus problem...