Santa Claus Has Gone

The U.S. heard some plain talk last week on reconversion. It came from War Mobilization Director James F. Byrnes in a speech before the Academy of Political Science in Manhattan. His most significant point: the harsh realities are at hand; big war plants are going to close down; in the next 20 months war production will be cut back some $16,750,000,000 at least; another $1,402,000,000 will be slashed from the spare parts programs of the Army & Navy by the end of this year. Then Assistant President Byrnes warned:

"The Government must take...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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