Hill Ahead

The U.S. finally stood at the foot of the Hill of Reconversion. Last week that hill looked quite different from the way it looked a year ago. The shape of the hill, as it began to show itself to many businessmen from their present disadvantage point:

¶ It is not as precipitous as it once seemed. Unless the Jap war ends with unexpected speed, half the hill may be climbed before V-J day.

¶This situation has the same advantage that chronic indigestion has over acute indigestion. It is not so dangerous or overwhelming, but its pains will linger longer and...

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