THE ECONOMIC PROTEST 211 



This is exactly as it should be. For wheat is a world 

 crop, and the flow of the United States stream of 

 wheat must be coordinated with the flow of wheat 

 into export from the competing export countries." 4 

 The economic fallacy in the "orderly" marketing, 

 the "merchandising versus dumping" argument has 

 been pointed out with reference to cotton and other 

 products. Statistical data will not often support 

 this argument if a reasonably long period of time 

 is considered as a basis. 



It has been charged frequently that the purpose 

 of cooperative marketing is to control the price of 

 the commodity. Adverse critics freely quote ad- 

 vocates of this plan to substantiate this charge. 

 Leaders of this movement speak freely of increasing 

 "basic price levels". 



Aaron Sapiro has used this phrase repeatedly in 

 his vigorous addresses in advocacy of cooperative 

 marketing. Speaking before the Indiana Wheat 

 Marketing Conference, in Indianapolis, February 18, 

 1924, he said: "When we talk of cooperative mar- 

 keting, we say this: We are interested in raising 

 the basic level of the price of wheat". 



Mr. W. H. Settle, of Indiana, a member of the 

 Organization Committee of the Indiana Wheat 

 Pool, in a pamphlet entitled Merchandise Your 

 Wheat, says: "Everybody sets a price on what he 

 sells except the farmer. Why shouldn't we have a 



4 See Economic Journal of the Royal Economic Society for 

 March, 1925, p. 25. 



