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HEARINGS

BEFORE THE

MT

COMMITTEE ON AGRICULTURE AND FORESTRY

UNITED STATES SENATE
SEVENTY-SECOND CONGRESS

FIRST SESSION

ON

S. 123, S. 653, S. 1197, S. 1698, S. 3133, S. 3680

S. 4323, and S. 4427

BILLS RELATIVE TO FARM RELIEF ;.

APRIL 26, 27, 28, AND 29, 1932,

Printed for the use of the Committee on Agriculture

and Forestry

UNITED STATES
GOVERNMENT PRINTING OFFICE

WASHINGTON : 1932

COMMITTEE ON AGRICULTURE AND FORESTRY

CHARLES L. McNARY, Oregon, Chairman

GEORGE W. NORRIS, Nebraska.

ELLISON D. SMITH, South Carolina. ARTHUR CAPPER, Kansas.

JOHN B. KENDRICK, Wyoming. PETER NORBECK, South Dakota.

BURTON K. WHEELER, Montana. LYNN J. FRAZIER, North Dakota. ELMER THOMAS, Oklahoma. JOHN THOMAS, Idaho.

GEORGE MCGILL, Kansas. H. D. HATFIELD, West Virginia.

JOHN H. BANKHEAD, Alabama. JOHN G. TOWNSEND, JR., Delaware. W. J. BULOW, South Dakota. FREDERIC C. WALCOTT, Connecticut. HATTIE W. CARAWAY, Arkansas.

HENRIK SHIPSTEAD, Minnesota

H. K. KIEFER, Clerk

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Statement of: .

Page
Bestor, Paul, farm loan commissioner, Federal Farm Loan Bureau...
Bowen, A. E., Oklahoma City, national organizer, National Producers
Alliance.

175
Brenckman, Frederic, Washington representative, the National
Grange------

156
Elbert, Robert G., Manhasset, Long Island. ----

115
Ewing, Charles A., president, National Livestock Marketing Associa-
tion, Decatur, ill...

91
Gray, Chester H., Washington representative, American Farm
Bureau Federation.-----

134
Hearst, Charles E., vice president American Farm Bureau Federation. 159
Howell, Robert B., United States Senator, Nebraska----

97
Lemke, William, Fargo, N. Dak..---

162
O'Neal, Edward' A., president, American Farm Bureau Federation.- 106, 152
Simpson, John A., president, National Farmers' Union, Oklahoma

146
Stone, James C., chairman, Federal Farm Board

---- 62, 89, 102
Thatcher, M. W., representing Farmers National Grain Corporation. 189
Wilson, M. L., professor of agricultural economics, Montana State
College.---

55

City. .----

FARM RELIEF

TUESDAY, APRIL 26, 1932

UNITED STATES SENATE,
COMMITTEE ON AGRICULTURE AND FORESTRY,

Washington, D.C. The committee met pursuant to call at 10 o'clock a. m. in room 324 Senate Office Building, Senator Charles L. McNary presiding.

Present: Senators McNary (chairman), Capper, Norbeck, Frazier, Thomas of Idaho, Hatfield, Townsend, Kendrick, Thomas of Oklahoma, McGill, Mrs. Hattie Caraway, and Shipstead.

Also present: Senators Brookhart and Nye.

Others also present: Paul Bestor, farm loan commissioner from Missouri, Federal Farm Loan Bureau; John A. Simpson, president, National Farmers' Union, Oklahoma City, Okla.; A. W. Bowen, Washington representative of the National Farmers' Union; Fred Brenckman, Washington representative of the National Grange; Edward A. O'Neal, president of the American Farm Bureau Federation, Chicago, Ill. ; Charles E. Hearst, vice president, American Farm Bureau Federation.

The CHAIRMAN: The committee will come to order. There are a number of bills pending before the Senate Committee on Agriculture and Forestry touching the subject of farm relief. In some instances these bills have been referred to subcommittees and they in turn have reported to the general committee without action being taken.

It was suggested by the able senator from Oklahoma at a meeting two weeks ago that the representatives of the three major farm organizations, the Secretary of Agriculture, the chairman of the Federal Farm Board, the chairman of the Federal Farm Loan Board, and the governor of the Federal reserve system be invited to be present and discuss these various measures, and to present any proposals that these representatives of farm organizations and public officials have in mind in order that the committee may be advised respecting any legislation that may be practical for the committee to consider at this session of Congress.

Conformable with that request the chairman has requested the presence of Mr. Taber, representing the National Grange, Mr. John A. Simpson, of the Farmers' Union, and Mr. O'Neal, of the Farm Bureau Federation, the chairman of the Farm Board, the Secretary of Agriculture—the last two mentioned not being present at this time-Mr. Bestor, of the Federal Farm Loan Board, who is here, and Mr. Meyer, who said that he would come when we needed him, but would not have the time to tarry about the committee room.

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