73 



their ability to produce. We can't have people dispossessed in this 

 emergency situation. 



So that is what I'm recommending. To close, I just want to put to 

 you that this is not some kind of grand scheme or pie-in-the-sky. 

 There are initiatives in this direction — even though this is only 

 February and we have only had a month of 1993, 13 days of Secre- 

 tary Espy's administration — but there are initiatives. 



Here in Congress, your colleague, Representative Gonzalez, intro- 

 duced on January 5 the Federal Reserve Accountability Act. That 

 doesn't call for nationalizing but calls for oversight and lets the 

 sunshine in. I think that is in the right direction. But now we need 

 the right policy. 



Second, on the State level I just obtained and have given to your 

 committee a resolution that has been introduced in the North 

 Dakota Legislature calling on Congress and the President to have a 

 temporary stay on any farm foreclosures and investigation of this 

 kind of fraud. I give that to you. 



I also point out that there are other initiatives. Senator Bennett 

 Johnston introduced a bill that we should have a trigger price of 

 $25 a barrel on oil like a parity price for oil to help the domestic 

 energy system. That is analogous to the kind of thing you could 

 decree as to the price per bushel of corn or the price for milk. We 

 need these parity prices. Parity doesn't just apply to farm. It can 

 be oil or whatever. 



These are the initiatives. And the last one I believe you have 

 seen already in the packet I have given you. This is a personal 

 appeal by me to you personally. I think we need a lot of leadership. 

 You may know the famous name associated with my magazine, 

 Lyndon LaRouche — this gentleman is in prison. He has been there 

 for 4 years. He is 70 years old. It is a political frame-up. 



Many people from abroad, about 1,000 people, signed an ad in 

 the Washington Post the day Mr. Clinton was inaugurated Presi- 

 dent that Mr. LaRouche be freed because he stands for economic 

 development. He has a lot of expertise. I think we need all we can 

 get. That is why I recommended to you as an important initiative 

 this year that this man should be freed. We have an emergency to 

 deal with. 



That is how I would like to see this very important committee 

 proceed in an extraordinary way in this year of 1993. 



I thank you for the opportunity to present that to you. 



[The prepared statement of Ms. Merry appears at the conclusion 

 of the hearing.] 



The Chairman. Thank you very much for your contribution and 

 your comments, both in your written statement and your oral testi- 

 mony. We appreciate very much your being here. 



Unfortunately, this committee lacks jurisdiction with the prob- 

 lems of Mr. LaRouche, but I am sure the appropriate committee 

 will be very happy to hear from you. 



I thank all of the witnesses that appeared earlier and those of 

 you on the last panel. We appreciate very much your contribution 

 and your patience. We apologize that things beyond our control 

 forced us to delay the hearing periodically during the day, but that 

 is how the legislative process works. 



