AGRICULTURAL MARKETING REVOLVING FUND. 21 
Mr. Byrns. As I understand you, there is no provision in the law 
which would enable the board to render this assistance unless they 
have organized along the cooperative lines vou have suggested. 
Mr. Stone. That 1s correct. 
Mr. Byrxs. In other words, you could not use any bank, you 
could not use any other existing agency, or any agency down there 
for the purpose of loaning money with which thev could store and 
hold their tobacco? 
Mr. Stone. So long as they were organized under the terms of the 
agricultural marketing act and the Capper-Volstead Act, we could 
do that. As to the details of operation, we do not try to dictate about 
that so long as they comply with the terms of the two acts. which 
enable us to aid them. 
Mr. Byrxs. I want to say this for the record. My questions are 
not by any means intended as a criticism, or rather an intimation that 
you, as a member of the board, and representing the board, have not 
been entirely responsive. I have always found you are anxious to 
render them some service, if you could, but I was wondering if there 
was any possible chance to give those tobacco growers, who, I dare 
say, are not being consulted about this association very much, an 
opportunity to get some help and some relief. There seems to be 
none. 
Mr. STONE. In the Burley section, Mr. Byrns, the old Burley 
Association is still in existence. Their board of directors meet 
about one or twice a year. 
About six weeks ago I went to Lexington and met with the board 
of directors of the old Burley Association and suggested that they 
adopt a new contract and make the necessary arrangements with 
the existing warehouses, which are now owned by the members of 
the old Burley Association, to handle this crop in the event that 
the growers wanted it handled cooperatively. They did adopt the 
contract and they have made the necessary arrangements, both 
financially and otherwise, and are now prepared to handle the 
Burley crop cooperatively, if the members want it. 
IT think this really has raised the price to some extent on Burley 
tobacco. 
The general feeling in central Kentucky was that the Burley crop 
would start at an average of around 14 or 15 cents per pound and 
the opening prices so far have heen around 18 to 20 cents on the 
average. 
Mr. Byrxs. I have had some suggestions made to me, or rather I 
have had some conversation with parties with reference to the han- 
dling of livestock, Mr. Legge, in Chicago. 
It has been stated to me, as I recall it, that about $3,000,000,000 
worth of livestock is sold on the Chicago market, and that the board 
is cooperating with the National Livestock Marketing Association, 
which only handles about $161,000,000 worth of the $3.000,000,000; 
and that that is really serving, in the last analysis, to handicap the 
growers in securing good prices for tlfeir product. In other words, 
it is tending to handicap those who are dealing on the outside in their 
efforts to sell, resulting in losses to the growers. I wondered if any 
aneh conditions as that has resulted.