420°

AGRICULTURAL RELIEF
Mr. Taper. No; I ask you to reread it.

The CuarmMaN. Now, are vou for the board carrying out the
declared policy.

Mr. Taper. That requires machinery that we do not set up.

The CraarMaN. The purpose of my bill is to eliminate speculation
and waste. Do you want speculation and waste to go on?

Mr. Taper. We do not.

The Crmarrman. Then, why not so declare? :

Mr. Taper. To do many things would require many types of
machinery.

The Criarrman. It does not require additional machinery, just a
declaration of policy and direction to carry out the policy. One
bill is simply te, pay the debenture: that is to do only one thing ¢

Mr. TABER. Yes.

The CrarrMaN. The board would do that, if you specify that it
chould be done. You have the board. Is the payment of the sub-
sidy all that you are in favor of? Are you for speculation and
waste or are you against it? Shall we declare against it?

Mr. Taper. We are, of course, against unnecessary speculation.
unnecessary costs of distribution, and waste.

The CrarrmaN. Would you be in favor of or against it?

Mr. Taner. I would not be in favor of declaring against it in a bill
that was not seeking to remedy it. You and I read different bills.

The CrarrMaN. I am reading your bill, but I am asking you if
vou are willing to have it incorporated in your hill. Are vou against
thic waste and speculation?

Mr. Taper. Of course, we are against waste.

The CrairMAN. Then. why not set it up in the declaration of
policy ?

Mr. Taper. Because it is not wise to state something in declaration
3 policy that you do not pronose to correct or remedy in your

egislation.
~The CuarmaN. But in my bill it proposes to remedy the situa-
tion. It is our intention to do away with speculation and waste.
and shall the board be bound by the declaration of policy?

Mr. Taser. Yes, but you are seeking to discuss——

The Cuarmax. I am discussing farm relief. Are you for it?

Mr. Tarver. We are for farm relief that will relieve. But we are
for doing it one step at a time.

The Crmarman. 1 believe you to be one of the most intelligent
witnesses that has appeared before this committee. I think “you
understand the proposition, and we need not go into details about
the speculation. We have in the past endeavored to overcome that,
but 1t has not worked out as we expected. The law is one thing and
the administration of it is another, and I think if we now write a
pill we should make it plain just what we expect from this board,
cp EN aly) Lie be the policy of Congress to do certain things
Jeclared. state that the board shall carrv out the policy

Mr. Taper. If you intend——
he r J ive 18 the chairman trying to bring out that to carry out
os (amps, J ust to make it clear that the board shall carry out