402 IOWA DEPARTMENT OF AGRICULTURE 



ucts. It believes, however, that they so desire to open, and to keep open 

 if possible, the door to free and fair competition in every branch of the 

 great business of supplying the consuming public with the products of the 

 farm and ranch, and that, while such competition is being established, the 

 practical monopoly which has confessedly existed in the past, and which 

 the Federal Trade Commission has found exists today, shall be effectively 

 regulated and controlled for the protection of the interests of producer 

 and consumer alike." 



That statement to the editors of the American press, I think you will 

 be interested in looking over. There have been about one hundred copies 

 of it sent here, and you will find them on the table as you go out. 



Now, gentlemen, coming to the matter of legislation, that is the real 

 milk in the cocoanut, and that is what I want to direct your special at- 

 tention to. In the first place, as we look at it, in order to remedy the con- 

 dition that exists today, there are three courses open: First, regulation, 

 control by regulation; second, the restoration of competition; third, gov- 

 ernment ownership. 



Now, gentlemen, I know how unpopular government ownership sounds 

 to everybody, particularly at this time. We have had a little dose of 

 government ownership. I want to say to you, as far as the Market Com- 

 mittee of the American National Live Stock Association is concerned, we 

 are against government ownership. But I do want to impress this fact 

 upon you, that we are for the restoration of fair and open competition if 

 it can be brought about thru regulation and control, and if that fails, if it 

 is impossible to control and regulate these people, or in any way restore 

 competition, then there is only one other course open, that is the radical 

 course, that is the last resort, and that is the government taking a hand 

 in it. I hope that it may never come, but I confess, gentlemen, that it 

 will come. The socialistic and the radical element in this country will 

 insist that that kind of thing come if these other less radical measures do 

 not prove successful. I want to say this in connection, that I think the 

 ■packers themselves are the most short-sighted men in not being willing 

 to accept the suggestions of moderate and right-thinking men. They may 

 have to take a much more radical medicine if they do not fall in and co- 

 operate with the producers and consumers at this time in helping to se- 

 cure regulation of a moderate character. 



I wish to say in this connection that there are two bills before con- 

 gress at this time, one known as the Sims-Kenyon bill, the chairman of 

 the house committee on interestate and foreign commerce having intro- 

 duced it in the house and Senator Kenyon having introduced it in the 

 senate. Do not understand because Senator Kenyon introduced the Sims, 

 bill in the senate that he is supporting it and committed to the Sims bill, 

 because when I was down there two weeks ago. Senators Kenyon and 

 Norris were very much interested in the Kendrick bill. 



I want to say that the Sims bill really works out in a practical way 

 the recommendations of the Federal Trade Commission; it really em- 

 bodies what they were recommending. Before the President left the 

 country, he handed the bill to Mr. Sims. The bill had been handed to 

 him by the Federal Trade Commission, and he stated to Mr. Sims that he 



