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HEARINGS

BEFORE THE

SUBCOMMITTEE ON FOREIGN ECONOMIC POLICY

OF THE

JOINT COMMITTEE ON THE ECONOMIC REPORT
CONGRESS OF THE UNITED STATES
EIGHTY-FOURTH CONGRESS

FIRST SESSION

PURSUANT TO

SEC. 5 (a) OF PUBLIC LAW 304
79TH CONGRESS

NOVEMBER 9, 10, 14, 15, 16, AND 17, 1955

Printed for the use of the Joint Committee on the Economic Report

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For sale by the Superintendent of Documents, U. S. Government Printing Office
Washington 25, D. C. - Price $1.75

JOINT COMMITTEE ON THE ECONOMIC REPORT
(Created pursuant to sec. 5 (a) of Public Law 304, 79th Cong.)
PAUL H. DOUGLAS, Senator from Illinois, Chairman
WRIGHT PATMAN, Representative from Texas, Vice Chairman

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CONTENTS

Statements-

Adler, Dr. John H., International Bank for Reconstruction and
Development _ _

Page

451

Barnhard, William J., attorney, Sharp & Bogan, Washington, D. C..
Baughman, Ernest T., assistant vice president, Federal Reserve
Bank of Chicago...

155

351

545

Draper, Maj. Gen. William H., Jr., chairman of the board, Mexican
Light & Power Co., Ltd., Mexico.

540

Fennelly, Dr. John F., Committee for a National Trade Policy.

Fetter, Dr. Frank W., professor of economics, Northwestern Uni-
versity.

119

Leghorn, Col. Richard S., author and military analyst.

Lenher, Dr. Samuel, president, Synthetic Organic Chemical Manu-
facturers Association_

286

509

308

296

Mark, James, Jr., international representative, United Mine Workers
of America..

286

Millikan, Dr. Max F., professor of economics, and director, Center for
International Studies, Massachusetts Institute of Technology.

Nathan, Robert R., Robert R. Nathan Associates, Inc..

Patton, James G., president, National Farmers Union.

13

Rice, Dr. Stuart A., Stuart Rice Associates, Washington, D. C.;
accompanied by Harry Venneman, Office of Statistical Standards,
Bureau of the Budget..

Salant, Walter S., the Brookings Institution

Saxon, O. Glenn, professor of economics, Yale University.

30

230

188

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