CABINET MEETING, FRIDAY, JUNE 22, 1951
Tobin - Absent
McGrath - Absent
Wilson - Absent
Harriman - Absent
Galvin for Labor
COLONEL - (AAF)
Briefed Cabinet on Korea.
V. P.
Pres. of Ecuador made excellent speech at Joint Session of Congress yesterday.
ACHESON
Developments in Iran are very bad. British made a generous offer but it was turned down cold and Iran took over British oil property. British may be forced to shut down refinery which employs 70,000 people - represents 25% of total national income. This will probably result in a revolution in Iran.
After 74 meetings in Paris the U. S. has cut off discussions with the Deputies of Big 3 countries. This was result of Soviet stalling tactics.
CHAPMAN
Iran situation will cause need for reshuffling of our domestic supply system as well as the need to supply our allies with their requirements.
SAWYER
If airline strike goes forward Air Force will have to take over.
BRANNAN
Has 30 Senate signatures supporting administration sugar program. Thinks we will get by in good shape.
11:40