The prosperity of the agricultural community is absolutely necessary to the prosperity of the nation.

Well, of course, I feel the reserve bill is vital.

I am sure that the first thing we must do is balance the budget.

I am in full agreement with the Board's view that a merger between Alaska Airlines and Pacific Northern would be an important step forward in strengthening air transportation between the States and Alaska

As a member of this Organization we could work more effectively for the removal of discriminatory restrictions against our exports.

There you have the story of the cow who met an ignominious end, and still owes 70 cents on her freight.

We will carry on the fight for real competitive enterprise against monopoly.

They promise to cut the farmer loose, and take his chances in the marketplace.

We can lift our total annual output from the current level of about 340 billion dollars to nearly 100 billion dollars higher--in real terms.

I share your concern about the magnitude of Federal expenditures.

Our minimum objectives will soon be met, and if international conditions do not worsen, it may be possible to begin soon to taper off our stockpile purchasing of rubber.

Increased costs, particularly the high costs of feedstocks produced from alcohol which have been required to achieve the present levels of GR-S production, have necessitated increasing the price of GR-S from 18½ cents a pound to 26 cents in order to operate the GR-S facilities, as a whole, without loss.

Our accelerated rate of stockpiling in the past two years has been made possible largely by the existence of our synthetic rubber industry.

Total production in Government-owned plants has been increased from an annual rate of 270,000 tons in January 1950 to a present annual rate of 850,000 tons.

The task of collecting the internal revenue has expanded enormously within the past decade.

In the interest of economy, both in time and money, we have agreed that the United States and the United Kingdom will continue to rely upon rifles and ammunition now in stock and currently being produced.

We both hope that the initiative taken by the International Bank for Reconstruction and Development will lead to a solution of the Iranian oil problem acceptable to all the interests concerned.

Because that is my business.