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OCR Page 1 of 4NOTE: This meeting taken from Notebook (2).
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YOUN
"NATIONAL
ARCHIVES AND
EDITION
RECORDS
CABINET MEETING, JANUARY 10, 1947
THE PRESIDENT
Asked Steelman to discuss rubber situation.
STEELMAN
CPA thinks it would be difficult to keep
synthetic rubber
if we do not keep control of raw rubber.
If we turn loose synthetic plants - the industry would die.
Batt (?) and his board would propose legislation to insure
maintence of a synthetic industry.
SNYDER
It would take synthetic program 3 to 5 years to go ahead on its
own. The program should be placed in Commerce Dept.
HARRIMAN
Agreed.
THE PRESIDENT
Is there any reason why inter-departmental committee (Batt) to
investigate and make recommendations - Something has to be done before
March 1st.
SNYDER
RFC should be instructed to buy for another month.
STEELMAN
Should be extended to March 31st - 3 months.
PATTERSON
Does not want RFC stockpile to be diverted from National Defense
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