AGRICULTURAL RELIEF
L wonder if we should want any more legislation if we could get that
one.

Mr. Brepsok. I think it would have quite a good effect on the
market.

Mr. AsweLL. I don’t think there is any doubt about it. The
more I think of it and see of it, the more I think it is efficient for
cotton especially.

Mr. Brepsok. Now, if your cooperatives got big enough——

Mr. ASWELL. They will get big enough, if you put that in.

Mr. BLepsoE. That is the question. We wouldn’t want part of
‘he growers to carry the surplus for the rest of the growers.

Mr AsweLL. I am convinced if you put that into operation it will
increase the cooperatives.

Mr. BrepsoE. 1 think it will increase them, but if 80 per cent of
the growers were 1n the cooperative ——.

Mr. AsweLL. You wouldn’t need anything else.

Mr. BLepsoE. They would have to carry the other 20.

Mr. AsweLy, Even the other 20 would come in because they
would be so lonesome outside.

Mr. BLEDSOE. Here is another point; if you have 80 per cent
cooperatives, and we were not using the exchanges, we have got no
basis to insure against. Remember that.

Mr. Jones. Mr. Bledsoe, have you had occasion to study the so-
cated gabeniure plan?

Mr. BrepsoE. Of course, I am interested i i i-
tions with regard to agriculture. stad $a siadying 98 propos

Mr. Jones. You spoke about the possible necessity of having some
additional funds in some contingencies. Wouldn't that plan, if put
io oar serve to furnish these funds, even without

Mr. BLEDSOE. In a way, they would.

Mr. Kercuam. Wouldn't they completely? :

Me. Bymasen, What is that?

Mr. KeTcHAM. Not only in a
furnish the funds, woalda't they? way, but completely they would

Mr. BreEpsok. As I have stated, I h i iti
bu " not ready to give you a real a the prORscR,

Mr. Jones. Of course, if toi i 2
[ wouldn' "ok you 16 2 Jou haven’t given it a thorough study.

ME LLEDSOE You wouldn't want me to guess on the proposition?
. Jones. No. I know your disposition to want to know tho
oughly Son you are talking about. "
Mr. CLarkE. NV { .

in order Langs. May I make a suggestion, Mr. Bledsoe? I think,

you may be absolutely sure that t

Into the record in a clear form, in the form your statement Hon

finally, not only before the To, g you want to have them

you oid od: ittee, but before the country, that
Nor BL edit very carefully your answers.

a B EDSOE. I thank you very much for that privilege. I would
0 ao that. Mr. Congressman Whittington h fe d for th
privilege. 1 want to be very careful ab & as asked for that
want to b . ery careful about my answers to you. J

ow be certain has I did answer your questions
Mr. TCHAM. . . .
reference to the bil 1 bag understood your general attitude with
relieve H. R. 7940" wouly )40, coupled with your own bill, you
stimulate interest in the cooperatives

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