Agricultural relief: Agricultural relief

Bibliographic data

Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 183193440X

URN:: urn:nbn:de:zbw-retromon-232093

Document type:: Volume

Title:: Agricultural relief

Volume count:: Pt. 3

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 181 - 253

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of Mr. Geoffrey Morgan, representing Dark Tobacco Cooperative Association; Hopkinsville, Ky.

Collection:: Economics Books

214 AGRICULTURAL RELIEF But we know the grades that will be left on our hands, and 10 cents a pound will be a fair price for it. The board will advance $5,000,000 E . ) ) ’ and we would settle prompily with our members. That would leave us owing the board $5,000,000. But they have collected $2,500,00C in equalization fees. So we could sell that 50,000,000 gp at 3 cents a pound and break even with the board and pay off all our debts. Now, then, what would be the sensible thing to do with that 50,000,000 pounds? There are 67 foreign countries purchasing dark tobacco. Some only purchase small quantities. The sensible thing would be to go to those countries which use very little and encourage them to use more. I think that surplus tobacco should be sold for whatever it is legitimately worth, but I am saying it can be sold for 5 cents a pound and break even. Mr. AsweLr. What would you suppose those foreign countries would do about that—put up the tariff against us? Mr. Moran. The foreign importers have already worked on us every way they know how in tobacco growing. Mr. AsweLL. Suppose the buyers do pay that 1 cent a pound. As a matter of act, practically, would not the producers pay it in the Mr. Moraan. The producers will pay the 1 cent a pound equali- zation fee; yes, sir. Mr. ANprESEN. How would they pay? Mr. Moran. The buyers will take it out of the price they pay. Mr. AnprESEN. Deducted from the price of 10 cents. and just pay them 9 cents a pound? | Mr. MORGAN. Yes, sir. r. ANDRESEN. And, the producer would not i Mr. Morcan. The producer would pay it; yes oy Pe Frat under this plan you will find we can increase our market. We have learned that. We are already doing business with 15 foreign coun- tries, building up the business in the last two years, and when we found the buyers were not buying from us readily we put out men in foreign countries, and we are doing business direct from Hopkins- ville ky, with 15 foreign countries, selling them tobacco. b o> r. ASWELL. Do those foreign countries which you are supplying nv tobacco from any other sources except th ] : Nin NM om. 2 xcept the United States? ORGAN. Yes, they buy from all over the world Mr. AswerLL. What would those other sell "ab selling at 5 cents a pound? sellers say about your Mr. Moran. I think it ; ; country using our oben A iad 2 foal ing to go into the talking about going into countries who are n busing Ba Mr ASWELL Thom hag ies WOT ot using our tobacco. from other countries ing your tobacco. do they buy Mr. MorGaN. Some of them Mr. AsweLL. What do thos Qumplng tobuoan? o those other countries say about your Mr. Moreax. N Yon on atl obo knows anything about the price of tobacco. fancy to-—v a grade of tobacco a man takes a particular you can get twice wh : sg Tk Tobacco is absolutely a f what you really think it is worth. zrade of tobacco: it is purely cad Ne Quoiusien Bs reliable on any

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