AGRICULTURAL RELIEF

609

Mr. Yoakum. I am going to have additional copies by to-morrow.

Mr. Fort. We will not get the printed record for come time. v

Mr. Yoakum. I know the talk can not be as well understood as
something that may be read. As I say, I am inserting Exhibit A
in the record, and the Chairman has requested I shall enter another
exhibit, and that is the exportations of the different countries of
wheat and where it goes. 1 have that all compiled, and I will also
insert that exhibit.

Mr. Fort. The only reason I asked that was because it will be
perhaps 10 days or two weeks before these hearings are printed, and
[ would like very much to have the opportunity of studying that.

Mr. Yoakum. I will do that, and see that you get a copy.

The CaHairRMAN. Are you through?

Mr. Yoakum. I am through.

The CuairmaN. Thank you very much.

Mr. AswerLL. I happen to know that Mr. Yoakum has spent 25
years of his life in his study and $100,000 of his own money investi-
gating these various problems, and he knows something about them.
Therefore, I would like to make this request, that he be granted the
permission to amplify these points in his statement.

The CaairMaN. Without objection it is so ordered.

Mr. AsweLL. And he is doing all this, and so far as I know he is
not a candidate for any office. (Laughter.)

Mr. Apkins. I would be very glad to read that. I spent many
years in that investigation.

(The committee thereupon proceeded to the consideration of H. R.
10562, which is as follows:)
[H. R. 10562, Seventieth Congress, first session]
A BILL To establish a farm surplus board; to aid in the orderly marketing, control, and disposition of
surplus of agricultural commodities, and for other purposes
Be it enacted by the Senate and House of Representatives of the United States of
America in Congress assembled, That this act shall be known as the Federal farm
surplus act. Its administration shall be under the direction and control of a
‘arm surplus board, hereinafter created.

Sec. 2. (a) There is hereby created and established a Federal farm surplus
board charged with the execution of this act and all acts amendatory thereof
(the same to be hereinafter referred to as the board). In addition to the duties
nereinafter provided for, it shall be the duty of said board to assist producers of
certain farm crops, including livestock, in the United States, to control supply
thereof and stabilize the markets for same from undue and excessive fluctuations;
to provide for the control and disposition of the surplus of such farm cominodi-
ties, and to promote orderly marketing of same in interstate and foreign com-
merce.

(b) In order to secure the maximum benefits from this act it shall be the
further duty of said board to obtain, from any source available, information
necessary to be fully advised at all times as to crop and livestock prospects, their
supply, demand, exports, imports, markets, transportation, methods of market-
ing, costs of production, both domestic and foreign, and other information that
said board may be able to intelligently cooperate and advise with the officers
and directors of cooperative associations or other organizations of producers 1D
the adjustment of production and distribution of nonperishable farm crops.

Sec. 3. (a) Said board shall consist of one member from each of the twelve
Federal land bank districts, the twelve members to be appointed by the President
of the United States, by and with the advice and consent of the Senate, not more
than seven of whom shall be from one political party, and all of said members
shall be citizens of the United States, and shall receive an annual salary of
$10,000, payable monthly, together with actual necessary traveling expenses
and expenses incurred for subsistence, or per diem allowance in lieu thereof