To Provide Revenue for War Purposes: Hearings... on H.R. 12863...

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Page 101 - ... ground. Much of their machinery is destroyed, or has been taken away. Their people are scattered, and many of their best workmen are dead. Their markets will be taken by others if they are not in some special way assisted to rebuild their factories and replace their lost instruments of manufacture. They should not be left to the vicissitudes of the sharp competition for materials and for industrial facilities which is now to set in. I hope, therefore, that Congress will not be unwilling, if it...
Page 101 - ... regions from permanent ruin. May I not say a special word about the needs of Belgium and northern France ? No sums of money paid by way of indemnity will serve of themselves to save them from hopeless disadvantage for years to come. Something more must be done than merely find the money. If they had money and raw materials in abundance to-morrow they could not resume their place in the industry of the world to-morrow — the very important place they held before the flame of war swept across...
Page 101 - ... of war swept across them. Many of their factories are razed to the ground. Much of their machinery is destroyed or has been taken away. Their people are scattered and many of their best workmen are dead. Their markets will be taken by others, if they are not in some special way assisted to rebuild their factories and replace their lost instruments of manufacture. They should not be left to the vicissitudes of the sharp competition for materials and for industrial facilities which is now to set...
Page 101 - ... recently liberated peoples from starvation and many devastated regions from permanent ruin. May I not say a special word about the needs of Belgium and northern France ? No sums of money paid by way of indemnity will serve of themselves to save them from hopeless disadvantage for years to come. Something more must be done than merely find the money. If they had money and raw materials in abundance to-morrow they could not resume their place in the industry of the world tomorrow — the very important...
Page 99 - Washington, DC The committee met, pursuant to call, at 10.30 o'clock am, in room 326, Senate Office Building, Senator George W. Norris presiding. Present: Senators Norris (chairman), McNary, Capper, Keyes, Gooding, Smith, Ransdell, Heflin, and Ferris. The CHAIRMAN.
Page 133 - Hall. (Thereupon, at 11.55 o'clock am, the committee adjourned, to meet at the call of...
Page 99 - HON. GEORGE R. COOKSEY, ASSISTANT TO THE SECRETARY OF THE TREASURY. The CHAIEMAN.

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