| Show Truman Vetoes Metals Price Support President Promises To Reveal Reason Reason for Action V WASHINGTON ASHINGTON Aug 8 UP UP- UP President Truman Friday ay killed by pocket veto a b bill Il to extend for two years the governments government's wartime subsidy program on copper lead zinc and mangan manganese se The W White House said President Truman's reasons for tor falling failing to app approve approve ap ap- ap- ap p prove ove the controversial measure would be made public later ater Friday The measure would have authorIzed authorized author author- the Reconstruction Finance Corp to pay out S a year for the next two years In premiums to producers of the vital minerals It was intended sponsors said to lessen essen American dependence on f foreign 1 so sources of ol supply The need for premium payments by jy a producer would have been determined de de- by the commerce depart depart- ment mente The measure provided that the total of market price plus pre pre- payment for commercial units could not exceed 16 for lor zinc 14 for lead for c copper and 1 for manganese The original subsidy program was launched in 1942 It covered only copper lead and zinc When congress voted to extend it in the closing days of ol the recent session manganese was added on a motion by Rep Francis Case CR R. R S. S D. D The program had expired last June 30 but was revived at the insIstence of western legislators who vho said it was needed to give the United States an assured supply of the critical minerals Although hoUgh the death of ot mining subsidy will adversely affect affect af- af some ISome companies the Utah Mining fining sn has has' taken no stand lItand standon on n the question JK SK Richardson manager said Friday The Utah membership was Y yas s evenly venly divided in its support of and opposition to the measure he said aid While some companies favor avor removal of government restrictions re- re from the industry marginal marginal mar mar- ginal operators will be hard hit b by the he subsidy loss |
