I went to peanut hearings, and we had a Senate hearing in my district, and one of the manufacturers who has peanuts in the can said about the program that he could reduce the price, I think, about a dollar a can. And I asked him, "Do you have 50 cents worth of peanuts in that can?" He said, "No, as a matter of fact, 48 cents." I said, "You must be a genius." Six or seven years ago I was in a hearing in the ag room in the Longworth Building, and it was a candy manufacturer from the Midwest who said he can save 30 percent on a candy bar, and I asked the chairman, and it was the gentleman from North Carolina [Mr. Rose], and I said, "May I interrupt for a minute?" I said, "Thirty percent." I said, "Retail or wholesale?" He said, "Retail." I said, "That's 15 cents. Do you have 2 cents worth of peanuts in there?" He said, "No, got about a penny and a quarter, and that is what the problem is." The container is more expensive than the ingredients by a large margin.
Editor's note · Context
Discussing the costs of ingredients versus packaging in consumer products during a floor speech.
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