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here in your nation's capital is Senator George Smathers reporting to the people of Florida? This takes the form of an informal discussion. Let's join the discussion. Well, now senators matters. In view of the recent testimony of two of the nation's top military leaders expressing some misgivings about the test ban treaty.

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You still plan to support it? Yes, I plan to support it. There were only two, as you pointed out, in your question, actually, the chairman of the Joint Chiefs of Staff, the head of the Army, the head of the Marine Corps, head of the Navy. They all testified in favor of the test ban treaty.

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I think all of us recognize that there are risks involved in this test ban treaty. On the other hand, there are certain positive factors in the positive factors seem to me, and do I think most of the other senators to outweigh the negative risk which are involved.

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Certainly we would not do anything that would endanger the security of our nation, and we won't. And I think this test ban treaty is needed if we're not to contaminate the atmosphere further, and if we're not finally to destroy ourselves with some kind of a nuclear war, Senator, I read recently where our country's balance of payments deficit ran more than a billion dollars in the second quarter of this year.

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Haven't you made several proposals? Ain't correcting the situations. I've made many proposals, and there are many more that are going to be made. Actually, at the present time, the House Ways and Means Committee is considering and will pass a tax on foreign stocks that are sold here in the United States.

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And I think in some fashion this is long overdue because that takes a lot of money out of the United States at the time that we need it. Further than that, I've tried to get a limitation on the amount of money which are tourists could take overseas until such time as the country's overseas.

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Relax the amount of or a loose and enlarge the amount of money which they permit their tourists to come over here to bring Uhh. Thirdly, I believe that we're going to have to put a limit on actually the amount of capital that we will permit to be exported into other areas of the world until the day comes when we can get our balance of payments deficit eliminated and get ourselves back on the plus side of this legend on March 28 Senators matters will be 100 to 150 marches Here in Washington.

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I'm asking you what you think of this march. Will it do any good? And are you yourself going to be here in Washington at the time to answer the question in reverse? The two questions? Yes, I will expect to be here and, uh, welcome and receive anybody who wants to come into my office.

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After all, the right of petition is guaranteed to every citizen, irrespective of race, color, creed or religion. Uh, and I respect that, and anybody can come to see me and talk with me about their problems now to answer the first part of your question whether or not it will do any good as a is debatable.

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Frankly, I don't know of a senator or a congressman who will change his view with respect to the desirability or lack of desire, ability of the so called civil rights legislation merely because there are large numbers of people come to talk with him about it. As a matter of fact, I think there's great danger in it with respect to what these leaders of this so called mass demonstration wish to achieve.

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If this gets out of hand, if there's any kind of violence in connection with this demonstration, I think that it would have a counter effect that rather than achieve certain goals and probably facilitate the passage of the civil rights bill, I think that the reaction would be just the opposite.

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So far as I'm concerned, I don't believe it will have any great effect one way or the other. But I would certainly hope that it's in good order, and I believe that it will be senator the 29th of August, The date set as a deadline for resolving the labor management railroad dispute is drawing near.

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Do you think that we're going to have a nationwide railroad strong? Well, certainly we hope not, and by the time this program is seen and heard, it may be that the matter will be settled. Certainly we all hope so it would be well if labour and management could get together and they neither one wants compulsory arbitration.

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They're both against that. But if we don't have that, then they must voluntarily agree to some kind of binding arbitration. And this is the point of difference at the moment. Now, if they do not agree to binding arbitration. And of course, the president has made a recommendation to the Congress.

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And it's my judgment that the public needs to be protected from any kind of a strike and the stoppage of the transportation system, and that the president's recommendation will be and should be adopted by the Congress. Gentlemen, I see that our time is up. Thank you very much for asking your questions.

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Thank you very much for looking in. I hope you'll look in again at this same time next week. Senator Smathers, your committee on Finance has reported to the Senate a bill which would extend another three months the debt ceiling of $309 billion a year in favor of that.

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Yes, sir, I think we have to have that because the government is operating now at a at about 308 and a half billions of dollars. And if we make the debt ceiling actually too tight, we then forced the secretary of the Treasury. In order to finance the operation, the government, he has to go into the money market at times that are not favorable, an opportunity for him to do it.

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In other words, it costs us money when we put too tight a debt ceiling on the operation of the government. Now some people say that we ought to keep the debt ceiling low in order to reduce the cost of government. This actually is fallacious statement, because if we actually want to reduce the cost of government, the way to do that is to vote against the appropriation bills and not have congressmen and senators voting for large sums of money and then putting a false ceiling, which prohibits the executive branch of the government from then spending the money, which the Congress itself is appropriated.

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So the real way to cut the cost of government is through appropriations, not through a false or a too stringent lowering of the debt ceiling. So I was in favor of the extension of this debt ceiling until November. Actually, according to the testimony of Secretary Dylan, we're going to have to raise the debt ceiling into the neighborhood of some 320 billions of dollars by the end of November.

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And certainly we'll do that. We'll have to do this if we have a tax cut. It was anticipated we were going to have a deficit this year of some $8,000,000,200 million. But because the business cycle has been so good and the returns to the Treasury have been so good, that deficit, which was anticipated of eight billion, has been reduced down to about six billions.

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But that has enabled the Treasury to operate in the limited debt ceiling. But if we have a tax cut is roughly of some $10 billion were obviously going to have to raise the debt ceiling further. But the way to reduce the size of the cost the government is devote against the corporation bills.

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Senator, how did you vote on the bill to establish a domestic Peace Corps? I think it's called the National Service Corps. Yes, well, I voted first for the Foreign Peace Corps, and I'm delighted that it's work has worked out so well and is continuing to give promise greater promise for the future.

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I voted against the domestic peace Corps because, frankly, there was not sufficient provisions in it. It seemed to me to allow the states and the local governments to determine when they wanted these young people or old people or whomever they might have been there, coming into their particular community.

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I think most of the problems that we have in our own community that where we need help in mental retardation and other places, areas of that character, the welfare section of our our nation, local people actually can handle the problem better than could some agency out of Washington.

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And so therefore, I voted against Senator Smathers. Your majority leader recently stated that he felt the civil rights legislation probably won't come before the Senate until late September. Now the chairman of your committee, Senator Byrd of the Finance Committee, has indicated that he doesn't think there's going to be time to have any consideration of the tax measure with the civil rights.

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Further put the tax consideration off. I'm afraid that it will if I have expressed the view earlier that if that if my one vote on is a part of the leadership, I only have one vote. But there are three of us. I would have brought the tax measure up prior to the civil rights measure and the belief that will become so emotionally and heavily involved in the civil rights legislation that we're going to not have a tax bill.

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And I think that most of the difficulties of our Negro citizens arise from the economic factors rather than any social factors. If we could have a tax cut and stimulate the economy so that they could get jobs and in turn properly and thoroughly educate their Children and we need better education opportunities for them and I'm solidly for that I think many of these alleged and imagine the so called civil rights discriminations would be eliminated.

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And actually, the whole nation would be better off. Gentlemen, I see that our time is up. Thank you very much for asking the questions. And thank you very much, Ladies and gentlemen, for listening in. I hope you're listening again at the same time next week.