AGRICULTURAL RELIEF 99
Mr. KincrELOE. Will he agree to stay over until to-morrow if any
of us want to ask him any questions?
Mr. Apkins. Yes; he will agree to stay over.
Mr. PurNELL. The committee is asked to give unanimous consent
that this gentleman from Illinois be given the last 15 minutes to make
a statement, with the understanding that if any members of the
sommittee should desire to ask him any questions he will remain over,
i en the further understanding that Mr. Bledsoe has not con-
cluded.
Mr. KincHELOE. And starts at 10 o’clock to-morrow morning as
the first witness.
Mr. Pur~neLL. Is there any objection to the unanimous-consent
request? The Chair hears none, and Mr. Grennan, of Illinois, will
he recognized for the last 15 minutes, with the understanding that if
any member of the committee wants to ask him any questions he
will remain over.
STATEMENT OF MATT GRENNAN, ROCK FALLS, ILL.
Mr. PurNELL. State your name and address for the reporter.
Mr. GRexNAN. Matt Grennan, Rock Falls, Ill.
Now, I have been listening to the discussion here for the last three
or four days, and it seems to me that all the plans that have been put
forth here resolve themselves right back to cooperative and orderly
marketing, and they must be voluntary, pure and simple. It does
not look to me like the laws of this country will allow any compulsory
organization.
That being the fact, gentlemen, with the cooperative marketing law
as it iIs—now you gentlemen passed this cooperative marketing law,
and that is the only law that we can operate under, and if we are going
to organize the farmers we have got to give them something that is
sufficient to organize on. We have got to give them sufficient induce-
ment to organize on. I believe you understand that as I put it.
Now, then, if the cooperative marketing law gives the cooperative
to stabilize the price, why not go right back and let that cooperative
marketing organization stabilize that price and build your organiza-
tion on that price.
For example, if we have the right to stabilize the price of corn at
Bl—the cooperative marketing organization, I am talking about—
you can go out through the country and get all the farmers to join
an organization—you could stabilize the price at $1. Now, you are
talking about the surplus, about the disposition of the surplus, and
you have just simply got that condition that the control of the surplus,
the only way in the world you can control any surplus is to get a
price sufficient to carry that surplus on. We will just take corn as
an example, because corn is the biggest thing in the world and the
hardest thing to control.
If IT have 3,000 bushels of corn with the price stabilized at $1, that
makes me the seller, the cooperative, the seller and the processer the
buyer. Suppose he says, “I will take 90 per cent of that corn, or 80
per cent of it, or any per cent you want.” You have an overproduc-
tion right there between the two. If I can sell 2,400 bushels of that
3,000 bushels for $2,400, I don’t care a rap about that 600 bushels.
But I am not going to dig into my farm to raise 600 bushels more next
R8160—28—srR £. PT 2—U
