To help bring these multiple benefits, our economic aid effort should be made more effective.

In proposals for future economic aid, I am stressing a greater use of repayable loans, through the Development Loan Fund, through funds generated by sale of surplus farm products, and through the Export-Import Bank.

While some increase in Government funds will be required, it remains our objective to encourage shifting to the use of private capital sources as rapidly as possible.

One great obstacle to the economic aid program in the past has been, not a rational argument against it on the merits, but a catchword:  “give-away program.”

The real fact is that no investment we make in our own security and peace can pay us greater dividends than necessary amounts of economic aid to friendly nations.

This is no “give-away.”

Let’s stick to facts!

We cannot afford to have one of our most essential security programs shot down with a slogan!

4.  Mutual trade

Fourth:  Both in our national interest, and in the interest of world peace, we must have a five-year extension of the Trade Agreements Act with broadened authority to negotiate.

World trade supports a significant segment of American industry and agriculture.  It provides employment for four and one-half million American workers.  It helps supply our ever increasing demand for raw materials.  It provides the opportunity for American free enterprise to develop on a worldwide scale.  It strengthens our friends and increases their desire to be friends.  World trade helps to lay the groundwork for peace by making all free nations of the world stronger and more self-reliant.

America is today the world’s greatest trading nation.  If we use this great asset wisely to meet the expanding demands of the world, we shall not only provide future opportunities for our own business, agriculture, and labor, but in the process strengthen our security posture and other prospects for a prosperous, harmonious world.

As President McKinley said, as long ago as 1901:  “Isolation is no longer possible or desirable ....  The period of exclusiveness is past.”

5.  Scientific cooperation with our allies

Fifth:  It is of the highest importance that the Congress enact the necessary legislation to enable us to exchange appropriate scientific and technical information with friendly countries as part of our effort to achieve effective scientific cooperation.

It is wasteful in the extreme for friendly allies to consume talent and money in solving problems that their friends have already solved—­all because of artificial barriers to sharing.  We cannot afford to cut ourselves off from the brilliant talents and minds of scientists in friendly countries.  The task ahead will be hard enough without handcuffs of our own making.