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

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

Chapter

Document type:: Multivolume work

Structure type:: Chapter

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

Collection:: Economics Books

299 AGRICULTURAL RELIEF Mr. Jones. But that is an entirely different proposition that we arg suggesting in the debenture plan? Mr. Moraan. I appreciate it is, but in a roundabout way it has some relationship. That would be the application as we feel with the debenture. Mr. Jones. Even to have the equalization fee applicable you would have to have an organization? Mr. MORGAN. Yes, Sir. Mr. JonEgs. If you simply had the equalization fund to be paid into the hands of the board and let it lay there it would not do the grower any good, even under the theory of performance of the bill. You must have an organization to handle it, and your whole argument here is based on the theory that you must have some sort of a growers’ organization to handle the proposition. Under the debenture plan that has been suggested to this committee, it is simply another way of raising the money, and what you need is money sufficient to handle the program. Now, if you get it by a fee, you must get money enough to handle that crop or at least the surplus. lf you can get the same amount of money through the debenture or any other plan that is fair, that does not bear more heavily on the cooperatives than the other, why you have the money to go ahead and handle your problem, ave you not? Mr. Morgan. Under that debenture plan how much do you ad- vance the farmer; is it half the amount of the tariff? Mr. Jones. That may be adjusted any way they want it. Differ- ent amounts have been suggested in different bills. It simply pro- vides that you issue a schedule or a debenture of a stated amount on the exportation of these farm commodities. These are tenderable in payment of tariff duties. Mr. KincHELOE. So the cooperative organization or farmer or buyer may grant it to the exporter? Mr. Jones. Yes. Mr. KincHELOE. Whoever asks for it? ~ Mr. Jones. Yes. Some bills limit it simply to cooperative organ- izations, but all of them make them tenderable in payment of import uties. Some bills limit it to 25 per cent, others 40 and others to the full amount. ~ Mr. KincHELOE. Suppose a man to whom that debenture was issued did not want to bring anything back from Europe? PD rd ox ES. Lt 1s negotiable and may be sold for cash the plan that i generally put forward would take about $146,000,000 to oy 2.000; er words, around 25 per cent of the tariff receipts. ry LIx CHELOE. In the absence of cooperative marketing associa- ans Low » ould the tenants who grow tobacco ever get any benefit at! ey do not export any tobacco? NS Java, The Burley people? Mr. KincHELOE. IT am a + domestically 8. opm, not talking [2bout Burley tobacco. Tha Morgan has er cent exported that Mr. \ : . . to er Es. In any commodity the organization could well afford Mr. Kix what I RIN Gammon. BupDass you have no organization; that is

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