The Sentinel=record., 1917-05-23
GAN DISPOSE 0F
 HOARDED STOCKS
5TI Makes 1t Unlawful to Commit or Permit Preyentable Waste Or Dete- rioration of Necessaries; to Restrict Supply or Distribution or to Enhance Prices to Excessive Levels.

Washington, May 22.-The second of the administration food bills revised 10 create aa emergency agency to con -rol uder the presidents direction us- tribuuon and sale of necessaries of life was introduced in the house today by Chairman Lever of the agriculture committee Tae first b4l aims at stim- ulation of production and calls for a general survey O fthe couutry's food resources.
 Tn eregulatory measure was re- drawn after President Wilson had held series of conferences with Herbert .C. Hoover who is to be food admins trator under the bill, and with Secre- tary Houston and members of the agri. culture committees of both houses. IL places the widest powers of control over necessaries of all kinds, includ- ing price fixing, ill the hands of the executive.
 Consideration of the measures will be hurried as much as possible Tn con. gress. The senate will take up t7he first bill tomorrow and the senate committee is expected to report a bill similar to the one introduced today within short time The house viii take up fine food question as soon as the revenue bin is ont of the way.
 The legislatiou as now proposed by the administration, Mir Hoover thinks, will meet the food problem. He issued this statement tonight regarding the second bill,
 The bill covers very ably and iu- Lelllgently powers necessary for the president to possess in order 10 set uy a competent food administration These power. combined with the pow CT of embargo proposed in other leg islation should make t possible to eliminate hoarding. speculation ana waste ia distribution They are more moderate than those possessed by the various European food minsteres, but the good will and co-oberation of the distributing trades should make sue cess certain without becoming burden some upon leeittmate trade"
 The measure classes specifically as necessaries food, feeds, shoes, clothing and fuel
 Briefly the measure would do these things:
 Declare production manufacture, storage, distribution and sale of neces- saries; to restrict supply or distribu- ton or 10 enhance prices to excessive levels
 Authorize the president to establish tabish their quality and value
 Authorize licensing of manniactur ing, storage, and distribution Of foo0s 10 prevent meconomical manufacture or inequtabie distribution, empower the president to direct the dispos sltIon Of hoarded stocks
 Authorize the president to prevent i hoarding, monopolization or exactlon cf excessive profits by having the gov l Crnmeut either manufacture or deal in npces aries. authorize the taking over or factories or plants for government tIt'l q lolt II HtAN Nal f " FtoN 'hD proper distribution at fair prices au- | th0rjlo the pre- dent to prescribe rules for the, conduct of exchanges and boards Of trade or to prohibit entirely their operations ir in public interest Authorize fixing of minimum prices 10 the producer to stimulate ptoduc- | ton. authorize import duties if i'm rortNions threaten operation of guar Guteed minimum prices authorize pur l chase by the government at the pre