Business: Subsidies for Miners?

To Congress this week went Interior Secretary Fred Seaton's plan to help depressed U.S. mining industries and also to quiet opposition to extending the reciprocal trade agreements. Under Seaton's five-year plan, which would cost an estimated $161 million the first year, the Government would pay the miners of copper, lead, zinc, tungsten and fluorspar the difference between the market price and a set "stabilization" price. To Canada and the Latin American countries that export metals to the U.S., the Seaton plan is a welcome alternative to the tariff increases they face. The increases, plus cutbacks in imports, have already stirred up...

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