486

AGRICULTURAL RELIEF
bushel on account of the equalization fee. If you take that position,
that is exactly what I want to know. I want to know how you arrive
at that?

Mr. Caverno. All right.

Myr. KincHELOE. You have not answered my questions. You
have said everybody around here; you do not mean those not mem-
bers of the committee.

Mr. CaverNo. Around the table.

Mr. KincueLoEk. I said, How do you know it is 26 cents and how
do you know it is 15 cents? And you said everybody who has come
around the table said so.

Mr. Caverno. Those were the figures that were on the blackboard
the last two sessions of Congress.

Mr. KiNcEELOE. Who made those figures?

Mr. Caverno. Anybody can make them. You can make them.

Mr. KINCHELOE. I can make figures, and anybody can make them.
The chairman has been saying he would get $1.50.

The CrarMaN. I could tell the gentleman just exactly what that
would be. It does not require any pencil at all. You can figure it
out yourself. Just a minute and I will tell you.

MT. KiNcHELOE. Let me ask the chairman a question.

The CuarMaN. Ten and a half cents a bushel is what it would be.
[t does not require a sharp pencil to figure that out.

Mr. KINCHELOE. It may be clear to the chairman; I guess it is;
I am not saying it is not. What do you say that this board is going
to pay for the 200,000,000 surplus they are going to take off the
market from the 800,000,000 bushels?

The CralrMAN. They are going to pay exactly what he stated—
the world price plus the tariff.

Mr. KincEELOE. Then, if the world price is a dollar they are going
to pay $1.42 a bushel?

The CratrMAN. They are going to pay $1 plus 42 cents tariff,
and freight 8 cents, total $1.50.

Mr. KincHELOE. The witness has said they are going to pay $1.26
and you say they are going to pay $1.42. So I was just wondering
what the fact was.

The CramrMaN. Assuming the world price to be a dollar and the
tariff 42 cents, and assuming the freight at our port of entry is 8 cents,

the price would be established at $1.50, the board would pay the
established price.

Mr. KincaeLok. Then you do not agree with the witness that
you are going to pay $1.26, but that you are going to pay $1.50?

The CHAIRMAN. You mean $1.42. That all depends on the world
market price.

Mr. KincHELOE. It depends on a thousand things. That is what
we were talking about.

Mr. CaverNo. It depends upon but two things.

Mr. KincHeLok. I will give it up. I am not getting the answer
[ would like to have.

Mr. Cavervo. It depends hinos—

duty 8 hs wold ri upon only two things—the amount of

Mr. KincHELOE. You said it did not depend on anything. Y

UN | > g. ou
said 16 w ould be £1.26. I asked you why you knew that, and you said
est of those coming around the table said =o.