If these policies continue. it seems to me there is no question but that eventually we shall have to appropriate money for business purposes in this country. just as is being done today in England and elsewhere. In other words. such a policy will bring about the very thing that those responsible for the -policy say they are trying to prevent. Furthermore. if we are setting a precedent as admitted by a spokesman for the Marshall planof making up the tradebalance deficits from all sources of all of the European countries each yearwe w4l then have to include the Asiatic countriesand permanently adopt the selective freetrade policy through the Reciprocal Trade Actand going Into a world trade organization with 57 nations. each with one vote. with the announced purpose of dividing the production and consumption of the worldthen we will be one economic world and financing it all. Mr. President. I am supporting this bill and only wish that time had been available to reorganize the entire structure of the legislation to provide risk capital and an incentive for such investments. It is well known that mining. for example. is a speculative enterprise. then when risk capital is not available and our highwage living standard workers are put into competition with the lowwage European and Asiatic countries. then the result Is the drying up of the mines of this Nation. About 90 percent of the operating mines have closed for these reasons.