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

AGRICULTURAL RELIEF 292 Mr. Jones. If you have no organization, how are you going to handle the equalization fee; even under the McNary-Haugen bill you must have an organization to turn this fund over to? Mr. KiNncHELOE. The bill passed last year, and it is also provided in here, that in case there is no cooperative association they may select other agencies. Mr. Jones. That same thing is provided in the debenture plan. The board may organize a corporation. The corporation may turn it over to any other agency and authorize it to collect it, and if the buyers go in cahoots, or the exporters go into a conspiracy, the board may organize a corporation which will handle the surplus just like the cooperatives are supposed to handle it, either under the McNary- Haugen or under the debenture plan. and this export corporation could buy up the surplus with the funds that come from the debenture plan, just the same as they could buy up the surplus with the funds that come back through the equalization fee. Mr. KincHELOE. Of course, this is rather a departure, and we are butting into you, Mr. Morgan. But I was a little apprehensive, knowing the tactics of the Tobacco Trust who bought this tobacco and robbed the farmers and caused these failures all these years— I was just wondering, in the absence of a cooperative how in the world that poor tenant down there, with wife and children in the cabin, Is going to get any benefit of this debenture. Mr. JonEs. There is exactly the same machinery that is provided in your McNary-Haugen bill. If you do not have some organization to handle it and to turn this equalization fee over to, you are in the same boat. In this bill I have introduced, and I understand as it will probably be reintroduced by Mr. Ketcham, a provision is made that this fund that comes from the debenture plan acts in the same way as the fund from the equalization fee plan, and I do not see as it makes any difference where the fund comes from, just so you get the money. Now, you use the same system in handling the surplus as you will under the McNary-Haugen bill, and the board will be authorized to form a corporation which can use this fund to buy up the surplus just the same as in the McNary-Haugen bill; in other words, there is no particular charm or halo about where the fund comes from, just so it does not have to be paid by the members of the cooperative organization itself. Mr. KiNcHELOE. And I want you to understand it is not in the way of an argument. I am going to listen with a great deal of interest when the gentlemen come on who know something about the debenture. Mr. Menges. Can the Canadians under their climatic conditions produce the same type of tobacco that you are producing in your section? Mr. Moraan. I have not been to Canada, but I have talked with quite a number of tobacco buyers who have been there and made a careful study of it, and some of our growers who have been up there. I do not think they will ever produce the quality we do. They will grow a tobacco, but it will not finish up like the Kentucky tobacco. It is just like Italy tried it. Italy has increased its crop enormously from a normal crop of about 40,000,000 pounds to 99,000,000 pounds crops in 1926. But it dropped back last year to about 88.000.000

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