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OCR Page 1 of 3NOTE: Meetings Nov. 8, 1946, through Dec. 19, 1946,
taken from Notebook (2).
many
NATIONAL
ARCHIVES AND
RECORDS
SERVICE
Revenue
CABINET MEETING, NOVEMBER 8, 1946
THE PRESIDENT
Brought up price and wage control situation. Called on Steelman.
STEELMAN
Said his group has unanimously decided that only rents should re-
main controlled. Allocation controls however should be kept.
SNYDER
People believe that Congress will throw price controls out the
window - In the meantime things are bogged down waiting for that to hap-
pen. By turning loose now production may be stepped up - and income of
govt increased.
Believes that 3 or 5 months production would be sacrificed if
control continued.
SCHWELLENBACH
Agreed.
HARRIMAN
Agreed. His advisory council feels more can be done to get pro-
duction by voluntary action than by continued price control.
SCHWELLENBACH
Wage controls would have to go off simultaneously.
STEELMAN
His advisory board agrees including Murray & Green.
THE PRESIDENT
It should be done carefully - and not on basis of election results
of November 5th.
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