Should the Federal Government subsidize its war-built aluminum plants to keep them running? Last week this thorny problem was dropped into the lap of Congress.
The case for subsidies was made by Surplus Property Boss W. Stuart Symington. He urged subsidies as one means of breaking monopolies and making operation of the plants attractive to private business. Under his plan, plants would be leased on terms which would give the operator 15% of its profits but would require the Reconstruction Finance Corp. to stand most of the losses.
Symington intimated that such a program was necessary because Alcoa was the only company...
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