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Cabinet Meeting Minutes

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CABINET MEETING, FRIDAY, NOVEMBER 17, 1950
V. P.
absent
YASHANT
Brannan
Marshall
ARCHIVES
RECORDS
Tobin
SERVICE
Snyder
11
Foley for Treas.
Lovett for Defense
McCormick for Agric.
Galvin - Labor
GEN BEDELL SMITH
Made report on C. I. A. activities to Cabinet.
THE PRESIDENT
We have been working to build up a real intelligence organization
for 4 years. We have never had such an outfit. It is found to be in-
valuable in the present world situation.
ACHESON
National Security Council is reappraising the situation in Korea.
This should be completed about the middle of next week.
CHAPMAN
This week the govt received $600,000 as the first payment for acre-
age rent on tidelands oil property.
SYMINGTON
Benj Fairless of U. S. Steel made a speech yesterday which is
definitely contributory to inflation - and which could cause serious
impact on our economy. This referred to price rise in steel.
THE PRESIDENT
Fairless did a very unpatriotic thing in taking the position he did.

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Lovett, Robert A. (Robert Abercrombie), 1895-1986 Truman, Harry S., 1884-1972 Acheson, Dean, 1893-1971 Symington, Stuart, 1901-1988 Cabinet meetings Korean War, 1950-1953

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Matthew J. Connelly Papers