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