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the worst effects of unbridled competition.
With some raw materials not produced in this country,
we may find cartels forcing us to pay higher prices. Should
our government use its influence to see that our manufacturers
are not squeezed, particularly where materials vital to our
defense are involved? We can protect ourselves somewhat by
keeping in reserve our stocks of these strategic materials.
Patents Mean Know-How
Foremost in the minds of the Committee, I gather, is
the relationship between German, other foreign and American
manufacturers in the use of patents. In most instances, I think
you will find that Americans have improved upon the processes
which they obtained through these negotiations, Should the
Americans not have bought those patents? If that is the desired
policy, it can be put into effect simply by prohibiting the use
of those patent processes in America. This would force the
things manufactured under those patents to be produced outside
of the United States without benefit to our economy or increas-
ing our own know-how.
One proposal is that all international business
agreements entered intc by American firms be registered with
the government, say, the State Department. Any businessman
should welcome such a law since it would free him of danger that
a business act taken in good faith in one year could be accused
against him years later, possibly under changed international
conditions.
: ARCHIVES AND SERVICE
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"ocrText": "-21-\nthe worst effects of unbridled competition.\nWith some raw materials not produced in this country,\nwe may find cartels forcing us to pay higher prices. Should\nour government use its influence to see that our manufacturers\nare not squeezed, particularly where materials vital to our\ndefense are involved? We can protect ourselves somewhat by\nkeeping in reserve our stocks of these strategic materials.\nPatents Mean Know-How\nForemost in the minds of the Committee, I gather, is\nthe relationship between German, other foreign and American\nmanufacturers in the use of patents. In most instances, I think\nyou will find that Americans have improved upon the processes\nwhich they obtained through these negotiations, Should the\nAmericans not have bought those patents? If that is the desired\npolicy, it can be put into effect simply by prohibiting the use\nof those patent processes in America. This would force the\nthings manufactured under those patents to be produced outside\nof the United States without benefit to our economy or increas-\ning our own know-how.\nOne proposal is that all international business\nagreements entered intc by American firms be registered with\nthe government, say, the State Department. Any businessman\nshould welcome such a law since it would free him of danger that\na business act taken in good faith in one year could be accused\nagainst him years later, possibly under changed international\nconditions.\n: ARCHIVES AND SERVICE"
}