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COMMITTEE ON AGRICULTURE AND FORESTRY

UNITED STATES SENATE
EIGHTIETH CONGRESS

SECOND SESSION

ON

S. 1322

A BILL TO PROVIDE A FEDERAL CHARTER FOR

THE COMMODITY CREDIT CORPORATION

JANUARY 19, 20, AND 21; MARCH 15 AND 16, 1948

Printed for the use of the Committee on Agriculture and Forestry

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COMMITTEE ON AGRICULTURE AND FORESTRY

ARTHUR CAPPER, Kansas, Chairman GEORGE D. AIKEN, Vermont

ELMER THOMAS, Oklahoma HARLAN J. BUSHFIELD, South Dakota

ALLEN J. ELLENDER, Louisiana GEORGE A. WILSON, Iowa

SCOTT W. LUCAS, Illinois MILTON R. YOUNG, North Dakota

TOM STEWART, Tennessee EDWARD J. THYE, Minnesota

CLYDE R. HOEY, North Carolina JAMES P. KEM, Missouri

CLAUDE PEPPER, Florida
JAMES M. KENDALL, Clerk

II

CONTENTS

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Statement of

Page

Blakemore, James, Assistant Director, Corporation Audits Division,

General Accounting Office, Washington, D. C.-----

Brasfield, Director, Fiscal Branch, Production and Marketing Ad-

ministration; and Treasurer, Commodity Credit Corporation,

United States Department of Agriculture, Washington, D. C.---- 83, 201

Davis, John H., executive secretary, National Council of Farmer

Cooperatives, Washington, D. C.-------

- 50

Dodd, N. E., Under Secretary of Agriculture, United States Depart-

ment of Agriculture, Washington, D. C.---

------- 5, 54, 96

Gilmer, Jesse B., Administrator, Production and Marketing Adminis-

tration, and President, Commodity Credit Corporation, United

States Department of Agriculture, Washington, D. C.--

Hunter, W. Carroll, Solicitor, United States Department of Agricul-

ture, Washington, D. C.--

Sanders, J. T., legislative counsel, the National Grange, Washington,

D. C.--

Sanford, H. E., chairman, National Grain Trade Council, and vice

president, Continental Grain Co., Portland, Oreg---

Simpson, Clark, Assistant Director, Corporation Audits Division,

General Accounting Office, Washington, D. C.--

Slaughter, Roger C:, counsel for the Boards of Trade of Chicago and

Kansas City, Minneapolis Grain Exchange, and the North American

Export Grain Association, Kansas City, Mo.--.

Smith, Russell, legislative secretary, National Farmers Union, Wash-

ington, D, C.-..

Weitzel, Frank H., Assistant to the Comptroller General, General

Accounting Office, Washington, D. C...

III

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