Evening star., 1933-05-29
LEASING PLANNED
OF COTTON LANDS
Says Consideration
Is Given Idea to Main
tain Higher Prices.
BY the Associated Press.

Secretary of Agriculture Wallace re-
vealed today that consideration is being
given plan for leasing sections of land
now planted in cotton and expressed
the opinion that expenditure of about
S150,000,00 for this purpose in pay
ments to growers would have the effect
of maintaining cotton prices at from
10 to IL cents per pound.
He said that cotton program under
the new farm law will be drafted as
soon as c.. A. Cobb of Atlanta, cotton
production administrator, returns this
week after survey of the South and
interviews with the growers and their
representatives.
Wallace also announced that the
first public hearing under the new farm
law has been set tentatively for next
Monday and will be on the proposed
trade agreement covering the Chicago
fluid milk market, under which prices
to producers and consumers would be
fixed. The hearing will be held either
at Chicago or Washington.
Wallace said that former Senator
Brookhart of Iowa, selected Saturday
as special trade adviser for the new
administration, was chosen for his
knowledge Of Russia and its trade pos
sibilities.
Sees Soviet Trade.
IT,, Secretary said he believes extern
sive possibilities for trade exist with
the Soviet government, giving an addi-
ttonal outlet for surplus American farm
products. The trade may take the form
of barter. depending on what methods
prove the most feasible. Brookhart has
announced that he already has negotia-
t1onS under way for trade with Russia
and that under the plans he has made
recognition of the Soviet government is
not necessary, although he fayorS it.
wallace said that Brookharts post
would be advisory and of a research
character. He said that appointment
later OF a world trade representative to
handle negotiations with other countries
TO increase expectation of American
1arm products is considered.
He said this country can obtain from
Russia in return for farm products.
quantities of wood pulp, manganese ore
and platinum. DR.. R. @. Tugwell. As
sistant Secretary, said there are two
additional possibilities, gold being mined
IN Russia and trade remittances from
Russians in this country to relatives
and friends in their homeland. He
said these remittances recently amount
ed to about s60,000,000 a year.
Wallace confirmed reports that DR..
Clyde King of the University of Penn
sylVania, now Chicago's milk arbiter. is
being sought for the post to direct the
program for dairy products under the
new law.
Earl Smith Sought.
He also said Earl Smith of Chicaro
president of the Illinois Agricultural
Association, has been asked to become
corn and hog production administra-
Tor put has not accepted.
wallace said that plans covering
DaSlc commodities under the farm law
nave not reached the stage of conclu-
slonS, put that early action in the case
OF both cotton and wheat is sought.
He said there are differences of
opinion regarding the procedure in the
case of wheat between representatives
OF various industries concerned with
that grain and that M. L. Wilson. wheat
production administrator, is seeking an
agreement.
Wallace said he was not prepared to
say whether he would favor an amend
ment to the $4,000, 100000 industrial
pubic works bill to set aside $500. .OOO,-
ooo 1or payments to farmers who agree
to reduce their acreage this year of
cotton and other basic crops.
This amendment has been proposed
by group of Southern Senators who
regard cotton acreage reduction pro-
gram as necessary this season.
Frankly. feel this matter of raid
ing the Treasury" Wallace started
to say and then finished the sentence
this way:
THE quicker we face certain fun
damental facts the better off we will
be-" He said that he favors bonus pay
ments only if coupled with agreements
to reduce acreage. These reductions
he said, might be for the year fol-
lowing tie payment of part of the
bonus as suggested by representatives
OF organized wheat growers