472 
AGRICULTURAL RELIEF 
Mr. CaVERNO. Yes, sir. 
Mr. Harr. But then when you reach the point where you do not 
have any more money, what would it do then? 
Mr. Wireiams. It would probably be all right for two years. 
Mr. AsweLL. By that time the elections will be over and you 
fellows will know whether the bill will work or not. 
Mr. Fort. Why do you not say, if the conventions were over with? 
Mr. AsweLL. I am not through with this. I want to ask you 
another question. I have not read it from any notes I made, but 
[ am reading it just as you dictated it to the shorthand reporter. 
There is scme doubt about your understanding of my bill. 1 do not 
intend to pass my bill. I am trying to trim down the Haugen bill 
to meet my ideas. If I had sufficient votes, I would not think of 
taking the bill away from Mr. Haugen, because 1t would kill him. 
The CraIRMAN. You need not be concerned about looking after 
this bill at all. [Laughter.] 
Mr. AsweLL. There were several questions asked. You made 
several extravagant statements, but you made an honest to God 
statement at one time. But some of these gentlemen began to ques- 
tion you about it. Mr. Williams wanted to know something about 
it, and you repeated it would work with the insurance plan added, 
and then Mr. Kincheloe wanted to know how long it would work, 
and you said, “The doctor is right” [referring to me], Mr. Kincheloe. 
“He and I can make money out of this bill but we are going to skin 
the little fellow.” And I want you to explain how about skinning 
the little fellow. 
Mr. CaviErNo. May I explain that? 
Mr. AsweLL. I can not let that go unchallenged. 
Mr. Caverno. I will accept your challenge and: try to explain it. 
I would like to begin where I left off and say a few more words in 
regard to the wheat marketing problem. 
Mr. AswiLL. Let us see how my bill would skin the little fellow 
before we start any more testimony on this committee. You evi- 
dently do not get the point of the bill. If the board were to find that 
the price of cotton to be, say, 17 cents a pound before the season 
begins, and the board would announce, “We will buy a million bales 
of cotton at 20 cents a pound,” do you think the price would rise 
to 20 cents then immediately—the world price—say a million or five 
million out of the number of bales you wanted to buy at 3 cents a 
pound higher, do you think cotton would go up? 
Mr. CavErNo. Somewhat; yes. 
Mr. AsweLL. Would not that help the little fellow? 
Mr. CavERNO. Yes, sir. 
Mr. AsweLL. How would it skin the little fellow? 
Mr. Caverno. Suppose they set the price so high that they had 
cotton left on their hands. What would happen then? 
Mr. AsweLL. The little fellow would get the same high prices. 
Mr. Caverno. All right. What happens to your system if they 
keep buying above the market price? 
Mr. Aswern. When it gets above the board will sell and stabilize 
the price. I will not let 1t go into the record that my bill will skin 
the Tile fellow. You are thinking about the Chicago Grain Corpo- 
. Mr. Caverno. I am not thinking in marketing terms; I am think- 
ng in terms of actual facts.