CABINET MEETING, TUESDAY, NOVEMBER 21, 1950
Vice Pres - absent
Atty Gen - absent
Secty Treas - absent
Secty Commerce - absent
Perlman for Justice
Foley for Treasury
COL CURTIS (for Gen Bradley)
Briefed Cabinet on Korea.
ACHESON
Discussed International Trade Organization Act which has gotten nowhere in Congress. It is proposed that ITO be dropped and that trade agreements be reached by new approach. It is suggested that we pursue action on the Trade Agreements Act if we are to achieve any success in the field of international trade and tariffs. This can be done by not including ITO in new legislation to be introduced in the next Congress.
FOLEY
BRANNAN
TOBIN
HARRIMAN
Agree.
STEELMAN
Thinks it will be tough to get any part of Trade Agreements Act through. Secty of State might be able to trade with members of Congress by agreeing to drop ITO if other part of act are supported.
FOLEY
The Grand Jury in Los Angeles will make a favorable report on charges against Internal Revenue Dept made in So California.
DONALDSON
The Post Office Dept is breaking all records in volume of mail being handled.
BRANNAN
Dept is planning to drop support prices for eggs and. other commodities. There will be criticism in almost equal volume as if supports are maintained at present levels.
4:28