470 AGRICULTURAL RELIEF Mr. KincaELOE. If you both have a bill that will work for cotton and it is not going to cost the Treasury anything, I would like to look into that. Mr. Caverno. There is a bill there. Mr. KincreLoE. If you talk about the McNary-Haugen bill going to help cotton and not costing the Treasury anything, I do not agree with you. Mr. Caverno. I think it could be done; Mr. Kincheloe. Mr. KincuELOE. And it would not cost the Treasury anything? Mr. CaveErNo. Not costing the Treasury anything and bringing a larger price for the whole cotton crop to the South. But it would be still at the expense of the little fellow at the bottom. Mr. KincueLoE. What do you mean by the “little fellow”? Mr. Caverno. The fellow who actually raises the cotton. Mr. KincHELOE. It is not going to help the little grower. Mr. Cavervo. The doctor and T will get a rake-off down below. Mr. AsweLL. You may; I do not. Mr. KiNcEELOE. I understood you to say that the Aswell bill, or the McNary-Haugen bill with the elimination of the equilization fee, would help cotton and it would not cost the Treasury anything. Mr. Caverno. It would help, but would not help as much the little fellow who needs help. Mr. KincaeLoE. Then you amended that remark by saying 1t twould not help the little fellow”? Mr. CaverNo. It would not raise the general price level as high as the McNary-Haugen bill, but any strong bidder who would go in on the market would help everybody. Mr. Fort. Would it help raise the price for everybody? Mr. Caverno. No. Mr. Fort. Then you ought to change that statement, because if we raise the price of cotton the little fellow will be helped as much as the big fellow. Mr. Caverno. I have not time, of course, to go into that. May [ ask if you are going to hold a meeting to-morrow? Mr. KiNcHELOE. 1t would not provide any appropriation out of the general fund at all? Mr. Caverno. I would like to show you the practical workings under cotton. (After informal discussion.) The CHAIRMAN. Without objection the committee will stand ad- journed until next Monday morning at 10 o’clock. (Thereupon, at 11.55 o'clock a. m., the committee adjourned to meet Monday. February 20, 1928. at 10 o’clock a. m.) J ———— HousE OF FE EPRESENTATIVES, CoMMITI EE ON AGRICULTURE, Monday, February 20, 1928. The committee met, pursuant to adjournment, at 10 o’clock a. m., Hon. Gilbert N. Haugen (chairman) presiding. Present: Representatives Haugen (chairman), Williams, Ketcham, fall, Fort, Menges, Andresen, Adkins, Clarke, Aswell, Kincheloe Jones, and McSweeney. The CuarrmaN. The committee will kindly come to order and Mr. Caverno will resume his statement.