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farmers. It seems to me, as I say, that the time has come to really 
pass some bill that can pass, one that will not be vetoed. 
Well, now, what is that bill? I want to indorse it—I want to go a 
little farther than the bill of the gentleman from Michigan, Mr. 
Ketcham; and I want to indorse in very large part what the master 
of the grange has said this morning. I do no agree with him about 
tariffs. I am a low-tariff man. But, be that as it may—he did not 
state his own view—the bill T have here does not look like the attitude 
of these farm relief fellows from Iowa, Mr. Haugen and Mr. Dickin- 
son, who stood in the halls of Congress and wept copious tears over 
the high tariff running and robbing the farmer. And yet a few days 
ago when they had an opportunity to vote for the McMaster resolu- 
tion to reduce the tariff, they wrapped their snug garments of po- 
litical fealty about themselves and voted to not have any reduction 
of the tarff. [Laugher.] They wept and shed tears last year about 
the misery and the poverty of the farmer and said it had been caused 
by high tariffs, and only the other day they voted to confirm him in 
that misery and consign him to several more years of that misery 
and that poverty. So, we are not going to get anything through 
tariff reduction as long as we have this farm-relief crowd from Iowa 
running the Government. [Laughter and applause.] 
Now, let us pass something practical; let us pass something that 
will give real relief. What will do it? I want to commend the bill 
of ny colleague, Mr. Jones of Texas, which is similar to the Ketcham 
ill. 
I want to say. that I was very much pleased this morning to hear 
‘he master of the grange pay my colleague, Mr. Marvin Jones, that 
splendid compliment that he had shown a grasp of the farm situa- 
tion that few Members of Congress had shown. I would go still 
farther. T recently had an article in Texas Farm and Ranch, a lead- 
ing farm magazine of the United States. in which I proposed this 
sort of a plan, and I think my colleague has the very plan in mind. 
[ proposed the establishment of an export corporation, with a revolv- 
ing fund of $300,000,000 or $400,000,000, or whatever is necessary, out 
of the Treasury, on the same plan as the McNary-Haugen bill. 
Then I tied into that plan—I would tie into that this export de- 
denture system. So that if the exporter would not pay back to that 
producer you were talking about, Mr. Kincheloe, the fellow who 
lid not belong to the cooperative, the fellow with 15 kids and 10 
bales of cotton, who has got to sell those 10 bales of cotton and can 
not hold them; he can not wait; he does not belong to a cooperative; 
he can not wait until next summer; he has got to sell it now; the 
corporation would give him a market. I would have this export 
corporation, with sufficient capital, so that when the price fell below 
1 reasonable ficure, based on the cost of production, that that export 
corporation would get into the market and buy cotton and hold it, 
and then that export corporation when it exported that cotton could 
‘ake the export debentures and either import the manufactured 
voods back on its own account or it could sell them to importers and 
‘ake the money from the export debentures and put it into this 
revolving fund as capital account—— 
Mr. Kixcurroe. You would have those debentures negotiable, 
would vou not ? 
AGRICULTURAL RELIEF