266

AGRICULTURAL RELIEF
require, the cooperatives to carry the noncooperatives on their
shoulders?

Mr. KirLcogre. I think so.

Mr. Jones. A bill furnishing a lot of money to cooperatives has the
fundamental defect of making the members of the cooperatives bear
the burden for both themselves and the noncooperatives?

Mr. KiLgorEe. Precisely, from my experience.

Mr. Jones. And the advantage of the equalization fee is that it
distributes that burden over all of them?

Mr. KiLGoRE. Yes, sir.

Mr. JonEs. If you can develop any plan other than the equalization
fee that would keep from putting a greater burden on the coopera-
tives than upon the moncooperatives, that would accomplish the
same purpose, would it not?

Mr. KiLGORE. Yes, sir.

Mr. Jones. Now, does not the debenture plan do that?

Mr. KiLcore. I wonder if you will not——

Mr. Jones. You do not have any objection to the debenture plan,
do you?

Mr. Kircore. I want to be perfectly honest and straight with you,
Mr. Jones, in saying that I want to be constructively helpful in the
debenture plan. ~ I certainly do not want to be destructive or hurtful.
I have given some thought to the debenture plan. I have a folder or
a file for the debenture plan. I have heard Doctor Stewart present
before the directors, and friends of the Progressive Farmer, of
which I am a director. We listened to him with a great deal of
interest more than a year ago to his presentation of the .debenture
plan. I have had correspondence with Doctor Stewart about the
debenture plan, trying to develop and get into my own mind just
how the debenture plan would work. I want to be helpful. If it is

better than the equalization fee I would be for it. Note I said if it is
petter.

Mr. AsweLL. Would you face your resolution?

Mr. KiLGcorE. The resolution says——

Mr. Jones. Let him make his statement.

Mr. KiLgore. Let me read you, now, Doctor Aswell [reading]:

That the trustees reaffirm their former position in regard to farm surplus con-
trol legislation and instruct its legislative committee to consider and weigh
additional legislative proposals with full cooperative consideration with our
associates and allies and with the view of securing the most effective form of
iegislation.

Mr. AsweLL. That is not what you read before.

Mr. KiLcorE. Indeed, I read that right at the beginning.

Mr. JONES. Then, according to that resolution, if you could not
get the equalization fee program, you would not object to the deben-
tute program, Won you?

r. KILGORE. 1t wi i
this LGR will accomplish the purpose. Let me make

Mr. Jones. All right.

Mr. KiLcore. If the debenture plan is a little better than the
equalization fee, I would be willing to accept it and I would ask the
legislative committee——
it Mr uve If you express your personal opinion, is it better or is