Business & Finance: Government Contract

Last week, in Washington, Post Office officials opened for the second time bids to supply the U. S. with 12,800,000,000 stamped envelopes, its quota for the next four years (TIME, Aug. 20, Sept. 17). Once before bids had been opened and rejected. This time figures were much lower. The Middle West Supply Co., now holding the contract, offered an estimate of $13,314.954-98. But the International Envelope Co., subsidiary of International Paper, underbid its rival by $105,161.18. International Envelope won the contract.

To the unsuspicious reader, newspaper reports...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!