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045
3-14
Q Does this farm bill contain features of the Smith Cotton
Bill?
THE PRESIDENT: In relation to cotton, yes.
Q Inasmuch as 1t also pertains to fe atures of the
acreage allotment plan, would you call it a composite
of those three plans -- acreage, leasing and Smith
Cotton Bill?
THE PRESIDENT: No, I would not call it a composite of
them. We haven't got the bill finally draftedyet,
but the theory is that on the actual practice and
use of methods it allows & pretty wide latitude to
the administration to vary the methods. In other
words, it does not say that we have got to apply a
hard and fast method to all crops. The application
will probably vary in accordance with different
crops.
Q A choice between three alternatives?
THE PRESIDENT: Nog It isn't that. The leasing principle
is the basic principle.
Q Have international gold payments been resumed?
THE PRESIDENT: No.
Q Do you want to say anything about the bank situation,
Mr. President? It seems to be working very well.
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"ocrText": "045\n3-14\nQ Does this farm bill contain features of the Smith Cotton\nBill?\nTHE PRESIDENT: In relation to cotton, yes.\nQ Inasmuch as 1t also pertains to fe atures of the\nacreage allotment plan, would you call it a composite\nof those three plans -- acreage, leasing and Smith\nCotton Bill?\nTHE PRESIDENT: No, I would not call it a composite of\nthem. We haven't got the bill finally draftedyet,\nbut the theory is that on the actual practice and\nuse of methods it allows & pretty wide latitude to\nthe administration to vary the methods. In other\nwords, it does not say that we have got to apply a\nhard and fast method to all crops. The application\nwill probably vary in accordance with different\ncrops.\nQ A choice between three alternatives?\nTHE PRESIDENT: Nog It isn't that. The leasing principle\nis the basic principle.\nQ Have international gold payments been resumed?\nTHE PRESIDENT: No.\nQ Do you want to say anything about the bank situation,\nMr. President? It seems to be working very well."
}