263 
Mr. Fort. The figures represent cotton handled, do they not, for 
members and nonmembers alike? 
Mr. Kincore. We only handle cotton for members. 
Mr. Fort. In your cooperatives? 
Mr. KrLcorE. In eur cooperatives. 
Mr. Fort. Mr. Bledsoe testified that they handled for nonmembers. 
Mr. KiLcore. Those people that put cotton in were members. 
They can become a member of the staple growers and then withdraw. 
That is practically so of all cooperatives. You can be a member for 
one year and then withdraw. They became members to put cotton in. 
Mr. Fort. None of them handle for nonmembers? 
Mr. KiLgore. Not for nonmembers. 
Mr. CrLArRgE. Your contraet is just from year to year? 
Mr. KiLcore. They are long-time contracts, but with yearly 
withdrawal privilege. 
Mr. Apxkins. It seems from those figures that Doctor Aswell has 
presented here that the amount that you have been handling has been 
gradually going down. Now, with your experience in trying to con- 
trol the surplus through your cooperatives, to stabilize the price; with 
your experience with that, if you can not find some way of making the 
entire production come in, will not the idea of controlling the surplus 
have to be abandoned entirely; in other words, can vou control it 
unless the rest of them help carry the load? 
Mr. KiLcore. Absolutely not. 
Mr. Apkins. And that attempt will be entirely abandoned if you 
can not have the rest carry the load? 
Mr. Kincore. 1 was leading precisely up to the point that Mr. 
Adkins has made, and I should have made that as part of mv state 
ment. 
Mr. # ay I interrupt you here? 
Mr. ucor: es. 
Mr. AswELL. in response to what Mr. Adkins said, why is the fee 
necessary on cotton, when it is agreed by every man who studies it 
that there need not be any loss on cotton? 
Mr. KiLgore. That is not agreed. 
Mr. AsweLL. Everybody I have heard that knows anything about 
it, says so. You can always handle cotton so you will not lose if you 
have the money to hold for better prices. 
Mr. KiLGore. You have never heard of a cotton merchant failing, 
have you? 
Mr. FuLMer. What about this season’s cotton going from 16 to 
23 cents. They could organize and take it off the market and hold it. 
Mr. AsweLL. The reason they are not organized is that they lost 
half of the organization last year, because of the lack of legislation to 
induce folks to come in. 
Mr. FuLMer. I had a good bill and you refused to let it pass, pro- 
viding for $100,000,000. The gentleman was so carried away with 
his own bill that he would not vote for anything else. 
Mr. K1mLgore. Doctor, may I ask you a question? 
Mr. AsweLL. Yes; sure. 
Mr. KiLGgore. As I understand it, the bill you have introduced is 
the McNary-Haugen bill minus the equalization fee. 
Mr. AsweLL. Without the fee. 
Mr. KiLcore. We have hopes for you. You have come a good 
long ways.