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- 37 - he thought the President should issue a declaration of national emergency if that would give us "adequacy. 11 If the declaration was adequate to bring into being great powerful military forces, it should be issued. If the declaration would not give us "adequacy," we shouldn't issue it. For his own part, Senator Wiley said, he did not know what result a declaration of national emergency would have. He did know that we had to protect the American dollar. (He referred at some length to a talk he had had with a contractor from his home state and the experiences of the con- tractor in letting sub-contracts at the present time.) The dollar now, Senator Wiley continued, was worth only forty cents and we had to do some- thing to see that it didn't go down to twenty-five cents. As for the declaration of national emergency, if the President and his advisors felt that it would give the Executive Branch more adequacy to meet the situ- ation, then it should be issued. The President said he thought everybody by this time had had an opportunity to speak. He thanked the members of Congress for their frankness and said that he appreciated their having come to the White House. The Vice President asked the President if he might speak for a moment. The people in Washington, Mr. Barkley said, are prone to mistake the temper of the American people. The American people are frequently six months ahead of Congress. The Vice President recalled a meeting called

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    "ocrText": "- 37 -\nhe thought the President should issue a declaration of national emergency\nif that would give us \"adequacy. 11 If the declaration was adequate to\nbring into being great powerful military forces, it should be issued.\nIf the declaration would not give us \"adequacy,\" we shouldn't issue it.\nFor his own part, Senator Wiley said, he did not know what result a\ndeclaration of national emergency would have. He did know that we had to\nprotect the American dollar. (He referred at some length to a talk he had\nhad with a contractor from his home state and the experiences of the con-\ntractor in letting sub-contracts at the present time.) The dollar now,\nSenator Wiley continued, was worth only forty cents and we had to do some-\nthing to see that it didn't go down to twenty-five cents. As for the\ndeclaration of national emergency, if the President and his advisors felt\nthat it would give the Executive Branch more adequacy to meet the situ-\nation, then it should be issued.\nThe President said he thought everybody by this time had had an\nopportunity to speak. He thanked the members of Congress for their\nfrankness and said that he appreciated their having come to the White House.\nThe Vice President asked the President if he might speak for a\nmoment. The people in Washington, Mr. Barkley said, are prone to mistake\nthe temper of the American people. The American people are frequently six\nmonths ahead of Congress. The Vice President recalled a meeting called"
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