Franklin Roosevelt, by nature ebullient, loves good news. All White House veterans know he will seize any chance to publish an optimistic report. Last week he did just that.
The report was on the capacity of the steel industry, made by Gano Dunn, 70, president of J. G. White Engineering Co., now an OPMite in the production division. Awaited for weeks, Engineer Dunn's report was expected to settle a hot defense controversy over steel: how much (if any) should the industry expand? Beaming cheer, the President said there had been a lot of loose talk about the adequacy of steel capacity;...