Agricultural relief: Agricultural relief

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Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 1831934515

URN:: urn:nbn:de:zbw-retromon-232102

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 4

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 255 - 297

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

286 AGRICULTURAL RELIEF Mr. AsweLL. Doctor, you overlooked the fact that in my bill there is $250,000,000 in addition to loan fund as a direct operating fund. without the fee. Mr. KiLgore. That is the revolving fund? Mr. Aswern. No, this is the operating fund, the same as the aqualization fee. Mr. Kicore. I understood that your bill was the McNary- Faugen bill minus the equalization fee? Mir. AsweLL. Plus this $250,000,000 operating fund. -r KiLgore. The revolving fund. +. AsweLL. The fund to assist in operating and marketing crops. vir. KiLcore. That would be a loan. Mr. AswerLn. Oh, no. I have got an extra $150,000,000 beside that. You haven't read my bill; I see that. Mr. KiLcore. I asked you yesterday if yours was the McNary- Haugen bill minus the equalization fee, and you replied yes. So, I was taking your word for it. Mr. AswerLL. It is plus these other good things. My. Kirgore. All right. Then, I will pass over that. All these bills that use a revolving fund as a loan fund, which must be paid back—— Mr. Apkins. Do you yield? Mr. KILGORE. Yes. Mr. Apkins. I think one of these men representing the tobacco cooperatives—maybe both of them—1I think I asked both of them the same question—where they have not gone out of tobacco and not supplied any other commodity, and undertook to stabilize the market with their own money and notwith losses. When they money was cone they had to get out of business, of course; and they specifically stated before this committee that if such a bill provided for a fund with no provision made where the entire production of that commodity should bear the expense that they would not attempt to get their men to sign up to operate under it, because they would have the same experience they had with their own money. Now, that was the result, I take it, from their talk, and that has been my own thought, that if you can not work out a scheme to make an entire production carry the load you have to do away with the idea of surplus control? Mr. KiLcore. I think so. Mr. Apkins. You spoke several times about the stabilization of the price here. In the event that that could be done, the chances are in a great many instances the general public would never notice any difference in the price of the commodity. For example, when cattle sold at the top price here not long ago of 18 cents a pound we people did not notice any difference in our beefsteak prices, and the only protest that went up throughout the country was what was recorded in the newspapers as an attempt to boysott on the part of hotel men in Boston against beef, that they were not making quite so much money. But the.consumer was not paying the difference? i iuony, Yes. Mr. Apxins. Now, you talked awhile ago about passing this on to ihe public, to the laboring man. Last session we had ad here favor Wallace, representing the American Federation of Labor, iri g 18 sort of legislation, and I asked him specifically myself, p g out an outline to him. that if this did do what we hoped it

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