Last week the Naval Court of Inquiry, headed by Admiral Robert E. Coontz, reported the results of its investigation into the causes of the recent explosions in the Naval ammunition depot at Lake Denmark, N. J. (TIME, July 19 et seq.)
1) The total loss was $47,000,000.
2) The cause was a bolt of lightning.
3) The salvage value was $40,000,000.
4) "The location of the depot, the type, number, location and protection of magazines and the manner of storage of explosives therein were all in accordance with approved practice for governmental...