The disposal of billions in U.S. surplus property abroad has been badly mismanaged; it is such a confused muddle now that no one knows, for sure, what is going on. So the Senate's Mead Committee reported last week. What is even worse, said the committee harshly, "The basic problems in the disposal of our surplus war assets abroad remain unsolved. . . . The most favorable period for selling surplus property is now behind us. . . ."

Who was to blame? Almost everyone, the committee felt.

The Army and Navy had taken too long to declare supplies surplus. (Out of...

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