AGRICULTURAL MARKETING REVOLVING FUND
Mr. Curistensex. Would you like to have me read from this
statement ?
The CuamrmaN. How many commodities are represented there?
Mr. CuristenseN. I will give you the column showing the loans
outstanding as of November 30, as follows: ] }
On beans, $226,563.30. The next item is on cotton. This loan 1s
made through the American Cotton Cooperative Association, which
is the sales and merchandising agency of the cotton cooperatives.
As of November 30, 1930, the amount outstanding on cotton was
$55,265,867.23. Now, there should be added to that $55,000,000
loan a loan of $31,137,235.59 to the cotton stabilization corporation.
That gives the total amount on cotton.
On dairy products, the amount outstanding on November 30, 1930,
was $5,012,927.48. Dividing fruits and vegetables into several
classes, the amount outstanding on citrus fruits on November 30,
1930, was $2,241,073.13; on grapes and raisins, $14,089,671.99; on
other deciduous fruits, $1.065.756.50: and on some other small truck
crops, $69,550.
On grain, through the Farmers National Grain Corporation, which
is the sales and merchandising agency for the grain crops, the
amount outstanding on November 30, last, was $25,057,258.29, plus
$52,460,787.83 advanced to the Grain Stabilization Corporation. On
honey there was a loan of $39,830.42; on livestock there was a loan
of $2,451,871.92; on nuts, including walnuts, pecans, etc., the amount
outstanding was $165,517.48; on potatoes, the amount outstanding
was $150,000; on poultry and eggs, the amount outstanding was
$235,000; on rice, including advances to the rice cooperatives of Cali-
fornia, Arkansas, Texas, and Louisiana, the total amount outstanding
was $685,896.66; on seeds, the amount outstanding was $35,000; on
tobacco, the amount outstanding was $918,259.99; and on wool and
mohair, the amount outstanding was $9,678,188.23, making a total
amount loaned to the cooperative marketing associations of $117,
388,232.62, plus $52,460,787.83 to the Grain Stabilization Corpora-
tion and $31,137,237.59 to the Cotton Stabilization Corporation,
which gives a grand total of $200,986,258.04.
The Crammax. Does that table show the names of the different
cooperatives to which this money was advanced ?
Mr. CurisTeNSEN, No, sir; this is classified by commodities. The
names of the associations do not appear.
The CrairyMaN. Do you want to tell us that for the record?
Mr. Lece. I would like to respectfully submit that, while we have
no wish to withhold any information from you, or a penny, or
anything else, I think that the details of the loans to these coopera-
tive associations, or of the loans now outstanding to them, in justice
to them, should not be put in a public document. All of that
information is here for your own use, of course. The cooperatives
have earnestly appealed to us not to make public the details of their
individual loans. As I have said, I have that information here
for your own use, but when you put it in a Congressional record,
of course, other people get possession of it. and they may use it to
the detriment of the cooperatives.
The Crmatraan. Of course, we do not want anything in the record
that would be detrimental to the success of this operation.
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