Full text: Export debenture plan (Pt. 5)

358 
AGRICULTURAL RELIEF 
remedy of orderly marketing, taking the surplus off the market, as we 
see it. But, as 1 have said a number of times, we felt we did not 
want to incorporate that all in one bill; we wanted just the one 
principle in one bill. 
Mr. Kerceanm. Is that all, Mr. Goss? 
Mr. Goss. I just wanted to call attention of the committee to the 
set-up of the bill; that it has merit in its low cost of operation; that 
every dollar under it .goes to ‘the farmer. because there 1s not any 
oi, expense in its operation. 
Mr. KincreLoE. There would be if you had an export corporation. 
Mr. Goss. If we had an export corporation. there would be some 
expense. } 
Mr. Kixcurroe. There would be millions appropriated out of the 
Treasury in order to buy this stuff. 
Mr. Goss. I am speaking simply of the set-up. There is no possi- 
bility of evasion; there is no possibility of burden lying on a person 
more than his just share. There is nothing artificial about it. So 
this is an attempt to go directly to the cause of our agricultural 
depression, which we believe is our higher standards of living and 
higher cost of production; and removing that cost by establishing a 
system which will enable us to meet the difference in cost of produc- 
tion between home and abroad; and we know there are many, many 
proposals before your committee having great merit, and we have the 
utmost confidence in the judgment of the committee that they will 
consider all of them and will accept from the proposals the best there 
is and incorporate them in a bill which will bring us the kind of 
equalization which we need. 
Mr. Menges. How much time do you think Mr. Mellon, Mr. 
Hoover, and Mr. Jardine could give to the enforcement of this opera- 
tion after they had done their other work? You appreciate they 
would have to employ somebody to do this work for them? 
Mr. Goss. There would have to be an executive secretary, together 
with enough clerks, to look after the establishing and control of these 
rates of debentures; and that is about the extent of the cost. We 
have provided for an appropriation of $50,000, which we believe 
would be ample to cover the expense of that operation. 
Mr. Kercaam. Mr. Goss, just before you leave the stand, there is 
one other feature of this plan, that it would not disturb the present 
systems of distribution; it simply fits in, takes them as they are, CO- 
operatives and all, and unless the export corporation idea is in- 
corporated in the bill it would leave the situation as it is? 
‘Mr. Goss. You are correct, Mr. Ketcham. There is no system of 
distribution that is now in effect or that has been proposed that this 
would disturb in any way. I doubt if there is a program of farm 
relief that could not be put into operation when this is in operation. 
However we feel that most of them would be unnecessary. We feel 
if we met the difference in the cost of production that the flow of our 
surplus over world markets would automatically pick up and relieve 
us of this problem of great surplus which is bearing our market. 
Mr. Kercuam. Before we close, I just want to say, for the benefit 
of those here and the members of the committee, that the plan now 
is to have three other witnesses appear, and the time they consume 
will depend upon the interest shown and the questions asked. Fol-
	        
Waiting...

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