Principes d'économie politique

Bibliographic data

Monograph

Identifikator:: 1029261784

URN:: urn:nbn:de:zbw-retromon-50039

Document type:: Monograph

Author:: Gide, Charles http://d-nb.info/gnd/117543985; Rist, Charles http://d-nb.info/gnd/172332966

Title:: Geschichte der volkswirtschaftlichen Lehrmeinungen

Edition:: Zweite Auflage / nach der dritten französischen Ausgabe herausgegeben von Franz Oppenheimer

Place of publication:: Jena

Publisher:: Verlag von Gustav Fischer

Year of publication:: 1921

Scope:: 1 Online-Ressource (XX, 804 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Zweites Buch. Die Gegner

Collection:: Economics Books

AGRICULTURAL RELIEF 211 Mr. KINcHELOE. And contending your organization at that time was insolvent? Mr. Morcan. Contending our organization at that time was insolvent. Mr. Hore. Were those suits brought by members of the associa- tion? Mr. Morgan. Supposedly. We went through the Federal court. Mr. Apxins. Did you ever test out the 5-cent penalty? Did anybody take you through the courts? Mr. MorGaN. Oh, yes; we have been through the courts. Mr. Apkins. Did the courts sustain you? Mr. Morgan. In every case; yes, sir. But you can not go against public opinion when you have a whole lot of men doing it; you can not run a cooperative in the law court. We soon saw we could not do that, that we would have to quit. These suits were deliberately brought to embarrass us and keep nonmembers from joining. We went through the courts, and Judge Dawson of the Federal court in Louisville denied that application for receiver, and he stated from the bench that he had found not one single instance of graft or mis- management in the whole affairs of the association, gave us a clean bill of health, and denied the application for receiver. He said that he felt the association was being handled far cheaper and better than it could be handled by appointment of a receiver. Mr. Apkins. But the effect of the receivership application was bad on the members. Mr. Morcan. It was bad on the members, entirely so. And non- members were afraid to come in. But we did not get that decision until our markets had opened for the 1926 crop; and by the time we set up our machinery to open and run our houses—you see, we have $3,400,000 worth of property, and about one-fourth of a million dollars worth of equipment, all paid for—and by the time we could set up our machinery to operate, the market was about half over, and so we only received very little tobacco of the 1926 crop. The whole thing back of this cooperative association is this: We maintained a fair price; we stabilized the market; and that is the important thing about a cooperative association. If I have to start out to feed a bunch of hogs expecting to get 10 cents a pound for them, and by the time I get rea’v to sell them the market is 6 cents, I can not operate that way; anc “1 is the same way with everything else we produce. These cooperative associations can stabilize the market, and that is what they were doing. We could have gone out for another five-year contract this year, and signed up at least, in my opinion, 40 per cent of our growers. But is it fair to go out and ask those men to sign up again for another five-year period to tie up their tobacco, set a price and carry all of the burden of the surplus for the other 60 per cent who would not come in? . Mr. Kercuam. Then your personal interest in this bill is the effect 1t will have. I do not want to use the word “compelling,” but I think you understand the way in which I use it—it is really com- pelling all those that produce this particular grade of tobacco to join 1n carrying the surplus? Mr. MorGaN. That is it exactly, sir. We want everybody to share and share alike in carrying the burden of that surplus.

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