Imperial Valley Press

Administration Gives Approval To McNary Bill
Secretary Hyde Tells Committee Farm Relief Expected

WASHINGTON, April 3. (U.P.)
The administration's general endorsement of the McNary cooperative marketing bill, was given to the senate agricultural committee today by Secretary of Agriculture Arthur M. Hyde.
Hyde advocated establishment of a $300,000,000 revolving fund to be administered by the federal farm loan board, clothed with general broad authority to work out a solution of the marketing problem.
Hyde said he considered the result of the last election a mandate from the people to the administration and congress to establish this general formula of relief.
The new agricultural secretary cautioned the committee particularly to give the proposed board full power to work out its own destiny. They should promote, he said, such agencies as "farmer-owned elevators, clearing houses and farmer's pools which are all in the nature of farmer cooperatives."

Asks Cooperation

"It would seem to me desirable that the board, armed with resources and authority, could best work out these problems by receiving proposals from the various farmers' marketing associations. These proposals in many instances, particularly in handling stabilization questions, or handling of facilities, may well take the form of corporations created by these associations and owned and managed by them, and aided with capital from the board, under such restrictions as the board should be authorized to apply."
"Of these restrictions, it would seem to me desirable to insist that no operations should be supported which would stimulate increased production, because by adding to a surplus we would defeat all relief,"