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{ AGRICULTURAL RELIEF
Mr. AxpErsoN. Not necessarily. I am somewhat at a disad-
vantage in discussing what would happen under this bill, because 1
do not know. The chairman says it will operate on the basis of a
fixed price. Under the Senate bill it obviously does not operate that
way at all. The board will buy at the market on an entirely different
basis. It is either a process of stabilization or stimulation. I do
not know which of those two processes will be followed by the board.

Mr. Jones. I will eliminate the comparison with the proposed bill,
then. In so far as your proposed corporation itself would be effective,
it would interfere with the present commercial channels, would it
not—in so far as it participated in the actual distribution?

Mr. ANDERSON. No: because in the case of a corperation of this
kind having its own money in a proposition, it would operate on the
basis not only of stabilizing the price, but of making a profit, in which
all those who contributed to its operations would participate.

Mr. Jones. Yes; but it would, if it took any action at all, invade
the present channels and do some of the business now being done by
them, would it not?

Mr. AxpERsON. Undoubtedly so. But, Mr. Jones, I want to call
your attention to the fact that when I said a moment ago I was
dealing with simply one proposition, and that is the question of
whether this bill met the objection of the President, that it did pro-
vide for price fixing.

Mr. Jones. All right. Now, all your suggestions could hope to do
would be to make the most of the present marketing and the present
supply-and-demand relationship for the farm commodities.

Mr. AxpersoN. All it could do would be to help the farmer obtain
the price which the economic relation of supply and demand justifies
his getting.

Mr. Jongs. With that in mind, is not the whole cry of the farm
movement during the last three years: based upon the fact that an
artificial stimulus through the medium of the tariff has been given
the price of certain commodities, which has caused a disparity situa-
tion as between agriculture and industry?

Mr. AxpERSON. Undoubtedly that has been the cry, but——

Mr. Jones. That has been the cry.

Mr. AnpERson. But, I do not concede for a moment that the
tariff has been the sole factor by any means in the creation of this
disparity in prices between agricultural commodities and industrial
commodities.

Mr. Jones. Conceding that to be true, it has been a factor, has it
not?

Mr. AxpERsoN. Well, it is probably true that as to some agricul-
tural commodities the tariff is not as effective as it is as to some
industrial commodities.

Mr. Jones. Why, of course.

Me. ANDERSON. It is in some instances more effective as to farm
products than it is as to industrial commodities.

Mr. JoxEs. But in general it is not as effective as to the staple
and principal farm commodities as it is in respect of commercial
commodities generally covered by the tariff.

Mr. AnpersoN. I have no way of measuring that. That is
assumed to be true: I do not know whether it 1s or not.