278 
AGRICULTURAL RELIEF 
Mr. KiLgorE. No, sir. 
Mr. Aswern. Or something like that? 
Mr. KiLcore. Not that much. 
Mr. AsweLL. It might be around that? 
Mr. KiLcorEe. I think—— 
Mr. AsweLL. And the manager in Alabama, how much did he get? 
Mr. KiLgore. Around, I think, $7,500 as general manager. 
Mr. Aswiir. The farmers claim there is too much overhead cost; 
and then your exchange comes along and adds another height to the 
sky of $300,000. That is what is the matter with the cooperatives— 
it 1s overhead expense. 
Mr. KiLcore. I think you are wrong. Thirty cents a bale is 
not a large expenditure. 
Mr. AswerL. That is on top of the cooperative expenses. The 
$300,000 is extra, what you might call a super-superb capstone, that 
is the word. 
Myr. KiLcore. That is a very popular position taken by those 
who are not over enthusiastic about cooperative associations. 
Mr. AswrroL. I am a member of a cooperative, and 1 think the 
overhead is what is causing the trouble. 
Mr. KiLcore. There is not any such extravagant expense In any 
of the cooperatives that I know about. There is not in North 
Carolina; and the expenses in the exchange—- 
Mr. AsweLn, How many people came up here from North Caro- 
{ina with you this time? 
Mr. KiLcore. I am by myself. 
Mr. AsweLL. You are? 1 thought you had some help. 
Mr. KiLcork. No; I have no help; in fact, there is no one here 
from the exchange except myself. 
Mr. ANDERSON. You are keeping your expenses pretty well down, 
are you? 
Mr. KiLcore. Yes. The position I hold in the exchange as chair- 
man of the board of trustees and, in my own State, as president of 
the association, are honorary and not salaried positions. 
I stated a minute ago that in the decline of the cotton cooperative 
marketing associations, with the weight and burden of the surplus 
of the crops of 1925 and 1926 on their backs, is the reason for farm 
relief legislation—the McNary-Haugen bill without the equilization 
fee with Doctor Aswell, and with the equalization fee with me and 
my group of associations. 
Mr. AnprESEN. Doctor Kilgore, when you appeared before this 
committee two years ago, the equalization fee was somewhat of a 
contention at that time. If I recall correctly, your organization did 
not want the equalization fee; you did not believe it was feasible, 
and you did not think it would work out as to cotton. So, at that 
time you asked for a loan fund for cooperatives. You have changed 
your opinion altogether. 
Mr. KiLcore. We asked for a deferment of the equalization fee 
mn often two years. It was a new thing with us at that time. 
H angen bill. Jou gentlemen know, had not supported the McNary- 
hers , with the exception of just a scattering vote here and 
The cotton cooperatives did not become interested in the McNar 
" . "yy -~ 
Haugen bill until the surplus crop of 1925: and we came here first in