220 THE GREEN RISING 



establish a government corporation to fix a ratio 

 price for certain commodities. This corporation 

 was given broad powers by the government not 

 only to fix a ratio price for wheat on the open 

 market but to buy the necessary amount of wheat 

 to sustain the price agreed upon. The surplus 

 wheat was to be bought and disposed of in any 

 market of the world and at any price it could secure. 

 This bill was obviously designed to establish the 

 price of wheat, and the effect of it would have been 

 to subsidize the industry. 



The Norris-Sinclair bill provided for the form- 

 ation of a corporation to be called the Farmers' and 

 Consumers' Financing Corporation, with a hundred 

 million dollar capital and a right to issue bonds to 

 the extent of five times that amount. This pro- 

 posed corporation was to be owned and controlled 

 completely by the federal government. It was to 

 have the power to erect warehouses, to buy and 

 sell farm products, and perform all of the function's 

 of a great business corporation. The idea of this 

 remarkable proposal was to sustain a reasonably 

 high price for farm products and to insure a stabil- 

 ized market for the farm. 



The proposed Tincher bill was very different from 

 the other two to which reference has been made. 

 This bill proposed to establish a division of cooper- 

 ative marketing in the United States Department 

 of Agriculture. This department was to establish 

 standards of classification, provide a system of in- 



