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PUBLIC OF PAPERS THE OF T H E U N ITED PRESIDENTS STATES Harry S. Truman , Containing the Public Messages, Speeches and Statements of the President JANUARY I TO D E C E M B E R 3 1 , I95I I 9 5 I U N I T E D STATES GOVER NME NT P R I N T I N G OFFI CE WASHINGTON : 1965 Harry S. Truman, 51 Mar. 3 [52] 1951 Remarks on the Floor of the Senate at a Gavel Presentation Ceremony for Vice President Barkley. March 1,1951 MR. P R E S ID E N T , I wish it were a fact And then I had this inscription put on the that I was returning permanently to the gavel. And I will leave it to the gentlemen scene of my former “crimes and misde of the Senate as to whether it is the truth or meanors,” which have got me into more not. trouble than any man in the world has ever States, Alben W . Barkley, to commemorate gotten into. 38 years of continuous service in the Con But I am here for a specific purpose today. “T o the Vice President of the United gress of the United States.” A nd I signed On March 4, which is Sunday, your Presid it as President, and dated it the White ing Officer, the President of the Senate, House, March 4, 1951. the Vice President of the United States, and Now , the President of the Senate and the the former Leader of the Majority, will have Vice President of the United States has a been here longer than any other man in the record, when it comes to speechmaking, of history of the Senate. H e will have served no terminal facilities. In his position as 38 years in the Congress of the United States. Presiding Officer of the Senate, he never has T o commemorate that event, I had the the power or the right to exercise those “no White House carpenters make this gavel of terminal facilities.” wood that was put into the White House in Yet I am sure this morning that the 1817, after the fire, and removed in 1949 Senate, by unanimous consent, is going to in the reconstruction. give him a chance to reply to me for pre And I have had this inscription put on senting him with this gavel. It says, “This box Mr. Vice President, I hope you will use and gavel were made from wood used in re this for the welfare of the Government of building the White House about 1817, and the United States. removed in 1949.” note: the outside of the box. The President spoke at 12:35 P*m* 52 Statement by the President in Response to a Joint Announcement by the Treasury Department and the Federal Reserve System. March 3,1951 I AM IN F O R M E D that the Secretary of the the Government’s requirements and, at the Treasury and the Chairman of the Board of same time, to minimize monetization of the Governors of the Federal Reserve System are public debt.” today making the following joint announce ment: I am highly gratified at this agreement, which represents a very important step for “The Treasury and the Federal Reserve ward in the solution of the problems out System have reached full accord with respect lined in my memorandum of February 26th to debt-management and monetary policies to the Secretary of the Treasury, the Director to be pursued in furthering their common of the Office of Defense Mobilization, the purpose to assure the successful financing of Chairman of the Board of Governors of the 179 Public Papers of the Presidents [52] Mar. 3 Federal Reserve System, and the Chairman ary 26th will continue to go forward as of the Council of Economic Advisers. originally planned. Consideration of other aspects of the prob lems outlined in the memorandum of Febru The statement was released at Key West, Fla. For the President’s memorandum of February 26, see Item 44. note: 53 Letters Relating to the International Development Advisory Board’s Report on Foreign Economic Policy. March n , 1951 [ Released March 11, 1951. T o the Chairman of the International D evel opment Advisory Board: Dear Mr. Rockefeller: I am impressed by the report of the A d Dated March 9, 1951 ] developed regions and an improvement in their living levels must be considered a vital part of our own defense mobilization.” Moreover, economic development is the visory Board on International Development. spearhead of the forces of freedom. It demonstrates, clearly and forcefully, the building of military strength is not enough The reasons why a lasting peace can be attained to win the peace we seek. only by a wise combination of strong military the attack in the battle of raising the living defenses and an effective campaign of inter standards and fulfilling the hopes of man national economic development. kind for a better future. W e must press A broad program of economic develop The task, as you have pointed out, is one ment is necessary, as I pointed out in my that the United States cannot undertake Inaugural Address, to carry out this coun alone. W e depend, in many respects, on the try’s international objectives of peace and other free nations, and they on us. freedom. Since that Address, international national partnership is necessary to build an problems have become critical and we are expanding world economy in which aU can now engaged in a tremendous mobilization have a fair share. program. More than ever, greater produc tion, particularly in Inter It is a great satisfaction to me that a non the underdeveloped partisan group, such as your Board, repre areas, is essential to the stability and freedom senting labor, education, business, agricul of those areas and to the peace of the whole ture and other aspects of our national life, world. Recent events in economically under should reach unanimous agreement on mat developed areas have demonstrated that men ters of such concern to the future of our will defend the cause of freedom when they country. I am sure that your report will do know from experience that it is the true way a great deal to put the problem of interna to economic and social progress. Economic tional economic development in its proper stagnation is the advance guard of Soviet perspective. conquest. In the near future, I shall send recom T he Point I V concept, properly carried mendations to the Congress concerning the out, is essential to the successful defense of legislation required for foreign defense and the free world. In the words of your report, economic assistance for 1952. “strengthening the economies of the under your report will be of great help in enabling 180 I know that
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