1114 



GENERAL FARM PROGRAM 



' Estimated. , 



Source of data: U. S. Department of Commerce. 



Prepared by Carl H. Wilken, economic analyst, Raw Materials National Comicil. 



Mr. "Wilken. In regard to the chart I want to call your attention 

 to the constancy of this ratio. If you will note at the bottom there is 

 a line drawn across which gives the average of raw material income to 

 national incom.e from 1929 to 1948. The total raw material incom.e 

 averages 20 percent of the national income straight across the board 

 regardless of depression or war, and it will continue to be 20 percent. 

 That concludes my statement. 



Mr. Pace. Thank you very much, Mr. Wilken. I think you have 

 presented to the committee a splendid statement and one which will 

 be very helpful to the committee. 



Mr. White. Mr. Chairman, I want to say in my opinion this has 

 been the best statement we have heard from any witness who has 

 appeared before us. 



Mr. Wilken. Thank you. 



Mr. White. I would like to inquire as to the make-up of the Raw 

 Materials National Council. How is it financed? 



Mr. W ilken. It is financed and set up by donations. I have carried 

 on all the research work; I practically have done my secretarial work. 

 We have a committee of 50 men in Sioux City who serve as an ad- 

 visory committee, to gather up funds from time to time and I get 

 donations from other sources. I earn some m.oney by making eco- 

 nomic surveys. We have no members who are a pressure group so 

 you don't have to be afraid of their getting you out of office. 



Mr. White. I can see there is no ulterior motive back of it, but 

 that it is an organization which is very beneficial. 



Mr. Pace. The United Electric, Radio and Machine Workers of 

 America have requested permission to submit a statement for the 

 record. Without objection the statement may be filed with the clerk 

 for insertion at this point in the record. 



(The statement is as follows:) 



