Evening star., 1932-07-28
DISCOUNTS THREAT
OF PITS REPR|SAL
Secretary Hyde Terms
Charges of Grain Trade on
Closing GroundIess.
BY the Associated Press.

Sy the Associated Press.
KANSAS CITY, July 2S-Arthur M
Hyde. Secretary Of Agriculture. de-
clared yesterday there was no founda-
tion for "the various bitter charges
made by grain traders and threats of
reprissl in the markets" over the order
TO close the Chicago Board of Trade
for so days.
Albert Weaver OF Bird City, Kans.,
at the Shannon House hearing here
yesterday testified 80 per cent of the
grain farmers want the Farm Board
abolished and Thomas r. Cain of Jack
sonville, Ill, president of the Farmers
National Grain Dealers Association,
said at least 85 per cent Of the farmers
favor abolition.
The Kansan assailed George S. Mil
National Grain Corporation, a Farm
Board agency, stating Minors salary
was $50,000 year, which amount he
estimated represented the work Of 1000
farmers and their families.
Wheat 81 When Hired.
Representative E. E. Cox of Georgia,
member of the committee, established
when Minor was employed.
Then Minors salary really is
equivalent to $200000 a year, based on
current conditions" the Georgian said.
Lawrence Farlow of Bloomington, ILL.,,
O former official of the Farmers Ma
tional Grain Corporation, asserted the
Farm Boards set-up is neither owned
nor controlled by farmers.
A former director and secretary Of
the corporation, Farlow said he resigned
IN 1890 on request because he differed
with It's policies. He now is a direc-
tor Of the Farmers National Grain
Dealers Association and secretary Of
the Illinois Farmers and Grain Deal
ers' Association.
He testified the Farmers National
"cannot be owned by the producers be-
cause the farmers had paid in S45 $50
to a $10,000,000 corporation when
left
Owes $4,000, 900.
"It now is indebted to the Farm
Board for $16,000,0 Farlow said.
"On important matters of policy the
Farm Board absolutely dictated to the
Farmers National I was member of
the board of directors when George S.
Minor was employed as vice president
and general manager. But I did not
with it. The Farm Board told us to
employ him
Another time we were considering
the qualifications Of membership of the
Illinois Grain Corporation Mr. HUFF
&C. E. Huff, president of Farmers Ma
tionaD had a long distance call while
we were in the meeting. When he re-
turned, he said it might be expedient
10 admit the Illinois Grain Corporation
on the orders of Alexander Legge then
chairman of the Farm Board)."
Explains Compulsory Contract.
Farlow asserted compulsory contract
was adopted because the Farm Board
ordered it, explaining the contract COM
PEELED the farmer to give title to his
wheat to the cooperative regardless OF
the existing market.
The Farmers National also figured in
a statement here yesterday of Arthur
M Hyde Secretary of Agriculture. who
took cognizance Of criticism by mem
bers of the Chicago Board of Trade,
which has been ordered closed by a
Federal commission.
1T is perfectly natural that the men,
bers of the board should feel they are
right" Hyde said, "and upon being
brought to book for their refusal to
admit the Farmers National Grain Cor
poration to membership, should give
voice to their feelings"