make adjustments which would be extremely adverse to the cause of freedom around the world. The solution rests with increasing our export trade * with our business selling abroad, finding new markets, and keeping our people working at home and around the world." The Nation's program for meeting the challenge of the sixties is accepted with confidence by the port district of New York and New Jersey. We have demonstrated our willingness to plan, to finance out of our own resources, to build to meet the demands for new cargo-handling and international marketing techniques, and to provide the wide range of port facilities needed to serve that part of America's foreign trade that flows through our port. The continuing and ever-increasing flow of world trade which these vast port facilities-and other port improvements like them up and down the coasts of America-are designed to serve, is essential to the economic well being and future of all of the people of the coastal regions of our country. For this reason and for all of the reasons of national interest which have been so ably presented to this committee during the past few days, the Port of New York Authority therefore supports the Trade Expansion Act of 1962. The CHAIRMAN. The next witness is Francis A. Adams, of Stuart, Fla. Take a seat, Mr. Adams. STATEMENT OF FRANCIS A. ADAMS, STUART, FLA. Mr. ADAMS. I am Francis A. Adams, of Stuart, Fla., appearing as a citizen. Our national prosperity is based upon a healthy and active domestic market that has always accounted for well over 90 percent of the sale of our products from farms, mines, and industries. Some measure of tariff has always been our insurance of American prosperity since we became a nation. In our present world situation it is of paramount importance that we, as a nation, have our jobs and industries appraised on the basis of American valuation in place of the outmoded foreign valuation of an article at point of origin. Our national defense, our domestic tranquility demand that, in the pending trade expansion bill of 1962 provision be made that duties. on articles entering our country on an ad valorem basis, be appraised upon the American valuation of an identical or comparable article. This administrative provision should be made mandatory and not merely permissive, on the part of the President. We, the people of the United States of America, enjoy the rights of a constitutional government. We have the free choice of making our livelihood; we are subject to call to defend the realm and we are bound to support the laws of the land. Under these happy circumstances America has grown great and opulent over a period of 187 years. Let us remain a united nation in fact and in spirit. Let us adhere to our time-honored slogan, as stated in the Declaration of Independence, "We hold the rest of mankind enemies at war, in peace friends." Let Congress recapture its constitutional power to regulate trade, impose duties, and act for all of the people in matters of general welfare. It is an exclusive right, and high obligation, for the U.S. Senate to advise with the Executive and concur in matters affecting treaties. 87270-62-pt. 1- -32 For this reason it is urgent that the Senate should exercise especial care in seeing that the pending trade expansion legislation does not encroach upon the treaty rights of this country or give unwarranted power to the Executive to alter or amend our basic tax law at his discretion. In 1962 "foreign valuation" is a euphemism, for it is indeed an unknown factor. In our world relationship let us be realistic. We should not walk into a new Potsdam; a new Yalta; a new Cuban debacle. Let the Trade Expansion Act of 1962 set forth in plain words that our market is open to world trade on an equitable basis of real reciprocity. We should be mindful that our best friends and allies deserve better treatment than to be pushed out of our market by countries that do not come up to the free world standards in labor laws and wages; that do not support the world peace movements. We can shield ourselves and our free world associates by appraising ad valorem duties upon an American basis. This is the way to be fair to all concerned; to ourselves, our allies and to the world at large. Thank you, sir. The CHAIRMAN. Thank you very much, sir. Mr. ADAMS. I am submitting some additional data on trade agree ments. The CHAIRMAN. Thank you. (The attachments follow:) SUPPLEMENTAL STATEMENT WITH ATTACHMENTS (2) BY FRANCIS A. ADAMS, STUART, FLA. In 1922 when the Fordney-McCumber tariff bill was being considered a strong presentation was made by labor and industrial organizations to have American valuation adopted as the basis of assessing ad valorem duties on merchandise entering our home market. The strong endorsement for the adoption of this measure was made by: United Mine Workers of America; National Association of Manufacturers; Bethlehem Steel Corp.; National Milk Producers Federation; Associated Advertising Clubs of the World; National Wool Growers Association; National Association of Worsted and Woolen Spinners of New York; Synthetic Organic Chemical Manufacturers Association of United States of America, and many thousands of individuals. Hundreds of other trade organizations, chambers of commerce, labor organizations, citizens leagues, and other groups participated in presenting their views endorsing compulsory American valuations, in a petition to Congress August 1, 1922, embraced in a volume of more than 1,100 pages issued by the American Valuation Association, 304 Madison Avenue, New York, filed with Congress, and listed in the books of the Congressional Library today where it is identified as HJ 6650-A6. I commend it to your personal attention. TO PASS from the high speed of war production to peace time activities will require a program that is as carefully planned There must be the same mandatory controls on raw materials, We have a shortage of manpower and womanpower now in board. This body of men would have as its task the outlining of Peace must be ushered in without a period of indecision and Labor has a greater responsibility to face in the ers of peace han it has now. Management has a greater problems to solve han it has under the iron rule of war. The public has a more serious issue to face than at present, when patriotism prompts the vast majority to accept all the limi tations that are necessary to win the war. Unity of purpose must be the maimpring in peace as it is in AVIATION SILK NEWSPAPERS RAILROAD EQUIPMENT LUMBER TRADE FURNITURE LEATHER LACE MANUFACTURERS REAL ESTATE WALL PAPER PAPER MANUFACTURERS STATIONERY TRADE DYERS & FINISHERS UPHOLSTERY HARDWARE INSURANCE AND DRUG TRADE CEMENT WOOD PULP |