108 AGRICULTURAL RELIEF 
NATIGNAL COMMODITY ASSOCIATION 
The commodity advisory council shall organize local associations of producers 
of the commodity. Such local associations shall form county associations. 
County associations shall be federated into district associations. The district 
associations shall be federated into State associations, and State associations shall 
be federated into the national commodity association for the commodity. 
CONTROL OF SURPLUS 
An appropriation of $500,000,000 shall be made for loans to the various na- 
tional commodity associations for use in acquiring the marketing facilities for 
their respective commodities. After the national commodity association for 
any commodity has been formed the board, after conferring with the commodity 
advisory council for such commodity, shall allocate to such commodity its 
equitable share of the $500,000,000 and shall through loans make available such 
sum to the national commodity association for such commodity. 
The commodity advisory council for the commodity shall confer with the 
board as to the manner in which such sum shall be expended in acquiring the 
marketing facilities for such commodity. The national commodity association 
for the commodity shall, subject to the approval of the board, expend such sum 
for the acquisition of such facilities. 
The national commodity association having acquired the marketing facilities 
for the commodity shall, subject to the approval of the board, determine in 
advance of each month the percentage of each producer’s crop which each local 
association shall accept from and market for such producer during such particular 
month. The commodity advisory council for the commodity shall confer with the 
board in regard to the matter. - Under this system only a certain percentage of 
the total crop of any commodity produced in the United States will be thrown on 
the market during any particular month. If too much is thrown on the market 
during one month the national commodity association for the commodity may, 
with the approval of the board, decrease the percentage of each producer’s crop 
to be delivered by such producer during the succeeding month. 
(The hearing was then adjourned until 10 o’clock a. m., to-morrow, 
Saturday, January 21, 1928.) 
—— 
House oF REPRESENTATIVES, 
COMMITTEE ON AGRICULTURE, 
Saturday, January 21, 1928. 
The committee met, pursuant to adjournment, at 10 o’clock a. m., 
in the committee room, House Office Building, Hon. Gilbert N. 
Haugen presiding, 
Present: Messrs. Haugen (chairman), Purnell, Thompson, Hall, 
Fort, Andresen, Clarke, McSweeney, Kincheloe, Swank, Rubey, 
Williams, Ketcham, Pratt, Menges, Adkins, Aswell, Jones, and 
ulmer. 
The CrairMAN. The committee will come to order. Mr. Bledsoe, 
we will be glad to continue with you now. 
Mr. Kercaam. Do you want to make a statement, Mr. Bledsoe, 
before you begin? 
FURTHER STATEMENT OF OSCAR F. BLEDSOE, JR., PRESIDENT 
STAPLE COTTON GROWERS COOPERATIVE ASSOCIATION, 
GREENWOOD, MISS. 
Mr. BLEpsoe. Yes; I would like to make a statement. Mr. 
Chairman, and gentlemen of the committee, I would like to make a 
statement at this time. I have a letter from Mr Edwin G. Seibles.