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31 -8-
principle in mind. Well, it is the same way when
trying to make the dollar retain the same purchasing
value when we have it to the desired point. And it
will probably, as in the Industrial Control Bill, have
a great many different factors and methods of arriving
at the result.
Q Would it be linked to the index price of commodities,
for instance?
THE PRESIDENT: There again you are talking in terms of the
Black Bill. Not necessarily in terms of a fixed index
but the objective would be to have the dollar buy sub-
stantially, in general, the same general amount of
commodities. You can't say "commodities" because I
can come back at you and say, "what commodities, the
10 leading commodities or the 750 commodities?" Then
you get into detail. I don't know. I have a perfectly
definite objective but, as to the machinery, we will
probably use half a dozen different kinds of machinery.
Q Have you the purchasing power of any particular date in
mind?
THE PRESIDENT: No. Of course we are working on that and
discussing it at the present time. You cannot get any
one date for everything that will be absolutely fair
for every other item. Some products, along certain lines,
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"ocrText": "008\n31 -8-\nprinciple in mind. Well, it is the same way when\ntrying to make the dollar retain the same purchasing\nvalue when we have it to the desired point. And it\nwill probably, as in the Industrial Control Bill, have\na great many different factors and methods of arriving\nat the result.\nQ Would it be linked to the index price of commodities,\nfor instance?\nTHE PRESIDENT: There again you are talking in terms of the\nBlack Bill. Not necessarily in terms of a fixed index\nbut the objective would be to have the dollar buy sub-\nstantially, in general, the same general amount of\ncommodities. You can't say \"commodities\" because I\ncan come back at you and say, \"what commodities, the\n10 leading commodities or the 750 commodities?\" Then\nyou get into detail. I don't know. I have a perfectly\ndefinite objective but, as to the machinery, we will\nprobably use half a dozen different kinds of machinery.\nQ Have you the purchasing power of any particular date in\nmind?\nTHE PRESIDENT: No. Of course we are working on that and\ndiscussing it at the present time. You cannot get any\none date for everything that will be absolutely fair\nfor every other item. Some products, along certain lines,"
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