COMMITTEE ON AGRICULTURE AND FORESTRY

ALLEN J. ELLENDER, Louisiana, Chairman OLIN D. JOHNSTON, South Carolina

GEORGE D. AIKEN, Vermont SPESSARD L. HOLLAND, Florida

MILTON R. YOUNG, North Dakota CLINTON P. ANDERSON, New Mexico EDWARD J. THYE, Minnesota JAMES 0. EASTLAND, Mississippi

BOURKE B. HICKENLOOPER, Iowa EARLE C. CLEMENTS, Kentucky

KARL E. MUNDT, South Dakota HUBERT H. HUMPHREY, Minnesota JOHN J. WILLIAMS, Delaware W. KERR SCOTT, North Carolina

ANDREW F. SCHOEPPEL, Kansas COTYS M. MOUSER, Chief Clerk

SUBCOMMITTEE ON AGRICULTURAL CREDIT AND RURAL ELECTRIFICATION

SPESSARD L. HOLLAND, Florida, Chairman HUBERT H. HUMPHREY, Minnesota KARL E. MUNDT, South Dakota W. KERR SCOTT, North Carolina

ANDREW F. SCHOEPPEL, Kansas

II

Statement of-

Page

Armer, Frank C., chairman, Other Financing Institutions Committee

of Arizona, Phoenix, Ariz---

182

Bagwell, John C., General Counsel, Farm Credit Administration.. 23

Banks, King L., representing the Production Credit Associations of the

Ninth Farm Credit District, Delta, Colo.--

85

Blalock, H. G., national advisory committee of Production Credit

Associations, Baskerville, Va--

90

Briggs, Marvin J., Chairman, Federal Farm Credit Board, Indianapolis,
Ind..

16, 192
Campbell, L. D., secretary, Other Financing Institutions Committee
of Texas, Houston, Tex - -

96
Cowden, E. Ray, president, Arizona Stockman's Loan Co., Phoenix,
Ariz..

184
Crouch, James, secretary, 10th Farm Credit District Production Credit
Associations Committee, Burleson, Tex.-

170

Davis, Roy B., manager, Plains Cooperative Oil Mills, Lubbock, Tex_- 172

Hall, Hugh F., legislative assistant, American Farm Bureau Federation. 137

Halverson, Lloyd C., National Grange

124

Harris, Glen R., chairman, national advisory committee of Produc-

tion Credit Associations, Richvale, Calif..

79

Johnston, Watkins, representing the Production Credit Associations
of the Fifth Farm Credit District, Montgomery, Ala-

179

Justice, Robert O., president of the board, Peru Production Credit

Association, Peru, Ind.

83

Lacy, W. E., vice chairman, national advisory committee of Production

Credit Associations, Hopkinsville, Ky.

90

Larson, Abner B., secretary-treasurer, Mandan Production Credit
Association, Mandan, N. Ďak..

62

Lynn, John C., legislative director, American Farm Bureau Federa-

tion...

137

McLeod, Kenneth M., chairman, Committee of Privately Owned Agri-

cultural Credit Companies in the Seventh Farm Credit District, Fond
du Lac, Wis.--

185
Miles, Harold A., Director, Short-Term Credit Service, Farm Credit
Administration..

23
Rappaport, Percy, Assistant Director, Bureau of the Budget-

109
Read, Leonard E., Jr., manager, California Cotton Credit Co., Los
Angeles, Calif.

173

Riggle, John J., secretary, National Council of Farmer Cooperatives... 116

Sartwelle, J. W., vice president, Houston Agricultural Credit Corp.,

Houston, Tex

148

Scott, Kenneth L., Director, Agricultural Credit Services, United
States Department of Agriculture.

86

Seidman, Harold, Bureau of the Budget..

112

Smith, Barney, president, Nashville Production Credit Association,

Nashville, Ark. -

105

Thomson, Wayne, president, Jennings Production Credit Association,
Jennings, Lå.

93

Tootell, R. B., Governor, Farm Credit Administration.

23, 65, 144

Tull, J. E., secretary-treasurer, Lonoke Production Credit Association,

Lonoke, Ark.

107

Uelsmann, Martin H., Deputy Director, Short-Term Credit Service,

Farm Credit Administration..

23

Wilson, P. O., secretary, National Live Stock Producers Association,

Chicago, III -

157

Young, M. G., Lonoke Production Credit Association, Carlisle, Ark.-- 106

Page

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8

50

69

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Miscellaneous documents:

S. 3564, 84th Congress -

Letter, dated March 16, 1956, from R. B. Tootell, Governor, Farm

Credit Administration, requesting enactment of the Farm Credit

Act of 1956, and enclosing a letter, dated March 14, 1956, from

Rowland Hughes, Director, Bureau of the Budget...

Letter to Senator Mundt from Sam H. Bober, Newell, S. Dak.

Letter, dated April 27, 1956, from the Farm Credit Administration,

relative to investment of the reserve funds of national banks.---

Statement filed by Lloyd Godley, president, secretary-treasurers and

presidents of the Arkansas Production Credit Associations, Osceola,

Ark --

S. 3564, 84th Congress, with amendments recommended by P. O.

Wilson, secretary, National Live Stock Producers Association,

Chicago, II.-

Resolution adopted by the District Advisory Committee of the Pro-

duction Credit Associations in the Fifth Farm Credit District

Telegram from the directors of the Shreveport Production Credit

Association, Shreveport, La--

Letter, dated April 12, 1956, from Producers Marketing Association,

Inc., of Indianapolis, Ind., to the Honorable Cecil M. Hardin.--

Letter, dated April 18, 1956, from the Producers Livestock Credit

Association of Columbus, Ohio, addressed to M. J. Briggs ..

Letters from-

S. F. Trammell, secretary-treasurer, Alexandria Production Credit

Association, Alexandria, La--

Roy Brice, secretary-treasurer, Arcadia Production Credit Associa-

tion, Arcadia, La--

Clarence Harmon, Jr., secretary-treasurer, Opelousas Production

Credit Association, Opelousas, La-,

C. C. Haynie, secretary, Southern Idaho Production Credit Asso-

ciation, Twin Falls, Idaho.

L. F. Davis, secretary-treasurer, Wyoming Production Credit Asso-

ciation, Casper, Wyo..

Statements filed by-

J. Olney Brott, general counsel, American Bankers Association -

James E. Wells, Jr., executive vice president, Farmers Union Livestock

Association, South St. Paul, Minn., representing the National

Farmers Union ---

Jerome J. Burke, secretary-manager, Producers Live Stock Credit

Corp., Chicago, Ill_-

W. A. Hambright, secretary-treasurer, South Carolina Federation of

a Production Credit Associations, Spartanburg, S. C----

Carlos Val. Smith, secretary-treasurer, and W. D. Walker, president,

Waco Production Credit Association, Waco, Tex---

Telegrams from

H. E. McCleary, president, Blackhawk Production Credit Asso-

ciation, Freeport, Ill.-

Arthur W. Nafziger, president, Bloomington Production Credit Asso-

ciation, Bloomington, Ill -

J. Fred Romine, president, Champaign Production Credit Association,

Champaign, III -

Charles R. Pinnell, president, Charleston Production Credit Asso-

ciation, Charleston, Ill...

Gonzales Production Credit Association, Gonzales, Tex.--

Leroy 0. Castle, president, and G. E. Spencer, secretary, Jackson-

ville Production Credit Association, Jacksonville, Ill...-

W. C. Sloan, president, Jonesboro Production Credit Association,

Jonesboro, Ark_-

George F. Hayes, president, and C. E. Humphrey, secretary-treas-

urer, Kewanee Production Credit Association, Kewanee, Ill-

Directors of the Lakeland Production Credit Association, Lakeland,

Fla.

196

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