If war came tomorrow, where would it catch U.S. stockpiles of strategic materials? "Behind the eight ball," mourned U.S. Munitions Board Chairman Thomas J. Hargrave last week.
In two years, Hargrave told the House Appropriations Committee, the U.S. had stockpiled less than 10% of the five-year goal set as a bare minimum for one year of total war. The reasons: 1) Congress had been laggard with money (it had supplied only 9% of the needed $3 billion funds); 2) the board itself had hesitated to deprive industry of any goods in short supply. Now, said Hargrave (who is president of...
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