430 . 
AGRICULTURAL RELIEF 
I do not know just whether I should go along with that in the 
absence of Mr. Fort or not, as he expressed the desire to continue his 
questions. 
The CrAIRMAN. Are you through with your remarks? 
Mr. Kingore. No; I am not, Mr. Chairman. I was just putting 
that matter before the committee. 
The CuatrMAN. My understanding is that Mr. Fort will be here 
in a few minutes. 
Mr. KiLcore. Then, I will take up the more general aspects of 
the question of stability. Stability, I think I may say, is the national 
problem. In industry it has been reasonably achieved, and it is 
stability in agriculture that we are seeking to achieve in this 
legislation. 
Now, since these hearings have been going on I have clipped, 
mainly from the Washington papers, two statements regarding the 
prevention of waste in oil and the adjustment of production to 
consumption, so as to prevent waste and to prevent ruinous prices. 
In the matter of rubber, the Secretary of Commerce just a few 
days ago appeared before a committee in support of a bill, and I 
wish to read just a portion of the statement in the press about this 
(reading): 
The American consumer of tires has lost millions of dollars annually as a 
result of the British rubber monopoly, Secretary Hoover yesterday told the 
House Judiciary Committee, in indorsing a bill to permit the formation of 
American trade associations to make collective purchases of raw material con- 
trolled by foreign nations. 
The British Government, it would appear, worked out a rather 
effective measure for stabilizing and getting a better price for rubber. 
In Cuba the legislature has passed a measure for a restriction of 
sugar production and the control of export of sugar to other countries 
in such a way that they believe it will bring about a better and a 
stabilized price for sugar. 
Mr. Kercaam. Right in that connection, Doctor Kilgore, before 
you leave sugar. Were you going to remark further about it? 
Mr. KiLcore. It was not my purpose to discuss these different 
measures as to their merits, to explain them or to criticize or to 
commend, but merely to call attention to them from the standpoint 
of the efforts that are being made to stabilize industry and these 
certain agricultural products that I am referring to. 
Mr. Kercuam. The reason I injected that was because of the fact 
that Mr. Yoakum made reference yesterday to the attitude of the 
sugar-producing countries in the same direction you have just been 
mentioning, and I wondered if you had given that any study at all, 
and if so, if you could give the committee the benefit of the con- 
clusion you had reached upon that whole proposition. 
Mr. KiLGore. I would prefer not to go into a discussion of the 
merits of it, because I do not understand it sufficiently well; and, as 
I stated, I was merely calling attention to these measures to show 
the importance that is attached to this subject in general: that is, 
stability in all lines. 
. In the case of steel, where one half of the production of this country 
is manufactured by one corporation and a very large proportion of it 
by just a small number of other corporations, through this large con- 
trol in manufacturing and handling and through trade associations