What's Wrong?

Like a black sheep son, the tangle of surplus property was back on the front pages again last week. The anti-administration New York Sun was telling horrendous and undocumented tales of graft and inefficiency (sample: an unnamed War Assets Administration salesman sold $120 worth of property, collected $15,000 for expenses). In Washington, five Congressional committees were trying to find out what was wrong.

One man who thought he knew what was wrong was Louis Broido, executive vice president of Manhattan's Gimbel Bros., which has sold more surplus property than any other U.S. retailer. On the basis of this, Broido told...

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