218 
AGRICULTURAL RELIEF 
in the cooperative association. We sell all that we can readily. 
. . y 
According to our experience, ‘about 60 per cent of what we receive 
has been sold readily and quickly richt off the floor to buyers, and 
that is what we attempt to do. 
Mr. AnprEsEN. How soon after delivery by the producers of the 
tobacco to your cooperative do you pay him for the tobacco? 
Mr. MorcaN. We pay him 50 per cent of the appraised value of 
the tobacco the day he delivers, and the last year we operated we 
paid 60 per cent of the appraised value of that tobacco on date of 
delivery. Then, as the tobacco 1s sold, more money is paid to him. 
Mr. AxprESEN. Then you think 1t would relieve the situation if 
you could pay the people the appraised value? 
Mr. Morgan. There is nobody knows what the real value of 
tobacco is. Tobacco is purely a fancy; absolutely a fancy. There is 
no way to get at the value of tobacco: I wish there was some way to 
value 1t, but there is not. 
Mr. McSweeNEY. Is not that true of the wines in France? 
Mr. MorGaAN. Practically the same thing. Certain vintages of 
wines in France have an added value because of an exceptionally 
good grape year. 
Mr. KercuaM. Just one more question. Will you just please dis- 
cuss, for the information of the committee, how would you expect 
the membership in your cooperatives to develop? How would it 
sustain itself, I mean, so far as membership is concerned, if the 
MecNary-Haugen bill with the equ alization fee were enacted into law? 
Mr. Morcan. With the equalization fee? 
Mr. KercuaM. Yes; Tow would you expect your cooperatives to 
thrive), lz other words, so far as membership is concerned? Do 
you ny hl increase your membership or would it decrease 
Mr. MoracaN. Oh, yes. 
NL Baru Or would it make very much difference one way 
Mr. MorGaN. The membershi 1 i 
more members would come in iy TV Ie their 
tobacco properly graded, for th i g 8 
ph Den | e grower is a producer, and he can 
i Jos y learn everything about these different grades of tobacco 
Mr. Kercaam. And you really believe, outside of th ] ing 
reeulated i ally , outside of the price being 
8 ated, your splendid service in assembling and grading, and all 
these very complex details of marketing, a suffici : & 1d 
be rendered so that men would be willin a Sep ib ow 
their good money for the services you w 2 1d nde > and put down 
+h Morgan. I certainly do y ould render? 
Mr. Kercaam. In th : 
a sumer of Lmes. ans © use of the word “we,” which you have used 
ens Tolpis you it inking in your own mind more of your 
duce the particular kind of t io In grins of J the popis who pro. 
Mr. MORGAN. I am thi obacco that your association deals in? 
th AN. m thinking of those people. Ih b 
em. I have seen their h RE aR 
than any man in this ogo I have slept in more log cabins 
people. ~ I know what they a perioge, 1 lum fi yishis of those 
to-day. y are entitled to and what they are getting 
e average profit 
and I do not baron of hose growers has been less than $200 a year, 
anv such condition should be permitted to