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ARCHIVES AND CABINET MEETING, FRIDAY, AUGUST 18, 1950 REGORDS Vice Pres. absent Acheson absent (Webb for Acheson) GEN BRADLEY Briefed Cabinet on Korea. WEBB Malik made no new proposal at U. N. with respect to Korea. Russia is still on the fence and it seems that they are delaying any proposition until they see which way the war goes in Korea. SNYDER Thinks the tax bill is in pretty good shape in the Senate Committee. The O'Mahoney Bill is too hastily written and if reported to floor would require lengthy hearings and debate. JOHNSON The hearings in Senate Foreign Relations yesterday went very well. Johnson told Committee that any decision on how World War III would be prosecuted, if necessary, would be that of the Commander-in- Chief and no one else. BRANNAN We are still negotiating with the Australians for the purchase of their wool crop. Suggests a buying mission to prevent individual mills with government contracts from boosting prices by individual bids in competition with each other. THE PRESIDENT Had a good meeting this week with the Chairmen of Regulatory Agencies. It is amazing how these agencies have been gutted by Congress by reduc- tions in appropriations. SYMINGTON Congress should be reminded that some of these agencies are par- ticipating in war effort and that Congressional cuts are impeding the war effort.