374 
AGRICULTURAL RELIEF 
Mr. Fort. At $5 a bale it would be $55,000,000. 
Mr. Jones. I do not think Doctor Aswell would refuse even $5 a 
bale. 
Mr. Stewart. The proposal, I believe—- 
Mr. Jones. I do not think anybody would refuse $10 if they could 
not get $25. 
The CramrMAN. We would be short $12,950,000. 
Mr. AswerLr. Short of what? 
The Crmarrman. It would exceed the receipts that much. Where 
would the wheat growers come in after that operation ¢ 
Mr. Stewart. Mr. Chairman, may I make a short statement? I 
understand what you are saying. Lo 
At $25 a bale for 11,000,000 bales—— 
Mr. Jongs. The average exportation has been around 8,000,000 
bales for the last five years; it has been as low as 4.000.000 bales. 
but the average has been 8,000,000. 
The Carman. Figuring on last year, I have a report showing 
11,759,000 bales. 
Mr. Stewart. Figuring on the basis of 11,000,000 bales, at $25 
would be $275,000,000, or about 45 ver cent of our revenue from 
import duties. 
Mr. Kincueror. Figure wheat and see where you are going to 
et to. 
s Mr. Fort. The bill calls for 2 cents a pound, or $10 a bale. 
Mr. Stewart. Which would be not to exceed $110,000.000 if you 
had 11,000,000 bales exported. 
Mr. Kincaeroe. How much a bale is that? 
Mr. Stewart. $10 a bale. I have another chart which can be 
passed about, which shows at certain rates indicated what the 
monthly variation would be, and gives an approximate idea as to 
how cotton compares with the other products in the extent to which 
it would draw upon the resources of this system. 
(The chart referred was thereupon passed among the committee.) 
Mr. KincaerLoe. Will you put in the record, if you have made it 
out, just how much of each of these commodities mentioned in this 
bill have been exportable, say, the last year? 
Mr. Stewart. The amount in absolute figures? 
Mr. KixcmreLo. Yes; how many bales of cotton, how many 
pounds of, how many bushels of wheat. and those other commodities 
mentioned in the bill. 
Mr. Stewart. That could be easily supplied. I would like to call 
attention to an article in the Tariff Review of January, 1928, entitled 
“Agricultural surpluses in the United States.” This article sum- 
marizes many of the ficures to which vou refer in a very helpful 
way. 
I should like to point out that the list included in the Ketcham 
bill, is a list which is somewhat larger in total number of commodi- 
ties included, than that which you will find in some of the other 
countries. I understand that ih England three commodities only 
were included; in the case of France, four agricultural commod]- 
ties. There were some commodities of a nonagricultural order. in- 
cluding iron and steel products. I believe.