Full of the wishful conviction (after Versailles) that a world war was too horrible ever to happen again, the U. S. turned its back on $155,000,000 of Government investment in powder mills, sold out what it had built, and pocketed less than $15,000.000 in salvage. Result: when World War II came along, 21 years later, it had no more than a pip-squeak powder capacity, could not today come close to meeting its own wartime demand for powder for guns, large or small.
Until last week the Anglo-French Purchasing Board has had little to say about U. S. powder, either purchases...
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