The sun., 1917-06-20

the Allies" said Mr.. Hoover. "they will
require n larger amount OF cereals next
year than ever before. The Allies are
more isolated in food sources II takes
three times the tonnage and double the
trouble to meet west European short
aGoe with Australian wheat. Crop fall
uros In the Argentine give no hope OF
relief from that source before March.
1913. We should be able to supply go
per cent Of what the Allies require. The
other 40 per cent. must be sncompassed
" greater self-denial on their part and
economy on our own part.
'Ths great Russian revolution was a
gigAntic food riot Even yet the Russian
republic 10 temporarily paralyxed and
therefore the responsibility rests now on
our own Government to avoid the failure
- democracy's cause through failure OF
ths food supply"
Calls Halt On Speculation.
ne greater part Of Mr.. Hoover's dis
- put an end to rampant. unrestrained
speculation In foodstuffs. He did not
particuiarixe as to whether he meant
speculation in commitments for future
delivery or the great food exchanges
He did indicate, however, that II was
particularly future trading In many
Ocmmodities never before traded In that
was at the bottom Of the orgy OF specu-
la4ion which has swept over the country.
Many Of the productions of, the coming
crep season. he sat9. were practcaly
now the subject Of contract for delivery
In finished form, some contracts mace
Oefore even the seed had been planted.
The canning industry he cited as one
.krttx xtx0
how industry should not be conducted.
The distributors have actually disposed
Of the entire seasons output OF canned
fruits. vegetables and fish before the raw
materials were in the hands OF the can
ners.
where food administration already sx-
isfs prices run lower than in the Uniteo
0tates to-day, Mr. Hoover stated. IN
Britain" said Mr.. Hoover. bread Is 70
per cent. lower than In the United
states. II Is 40 per cent. cheaper even
in Belgium than here. 1t is 80 per cent
cheaper in Paris than In Washington.
Denial that the proposed food controi
Iii actually establishes food dictator
ship was one Of the chief points in Mr..
Hoovsr's argument. He urged that :
commission be created TO take charge OF
the production, conservation and distri'
button Of cereal products and sugar with
powers. to extend its supervision ana
P~gulatlou TO such other commodities a
migAt give evidence Of . manipulation
stabili.atien IL seught.
sProvisions for the Government to buy
a sell commodities will be necessary
1br use with regard to only ? very few
q the principal staples. The real aim
ef the proposed agency Is the stabili.a,
tion Of prices. We need an artifcial
Deiance wheel TO replace the balanc<
wheel OF commerce destroyed by the con-
Aitions of the world war. BY setting ur
4 wheat commission we can buy wheat
regulate its storage and transportation
and handle Il until exported or sold n
tfiS country. II we do not do this whea'
pr1cee may relapse on account OF oul
not being able to store and carry II WITH
apeoulators securing the whole beneh'
ana the producers sustaining the loss.
ssrhe resort to these extraordinary
poWers 10 only bsaause~ OF the war!
asked Senator Gore. Oklahoma. chair
man of the Senate Committee on Asri'
culture
s~ro urovide not only more food fol
the Allies but for ourselves" answered
~. Hoover. Even II We had not be.
come involved In this war We woule
have been up against the tremendoul
aomand from Europe and pfobaoiy
Ariveu to some sort Of protective Iegisla
eion."
Mr.. Hoover disclaimed any authorship
= interest in the provisions OF the Dill
extending its provisions to fuels. Il an
interested only in its relations 70 too<
annnly" ha said.