Nibble at a Mountain

Retiring from his post, Surplus Property Boss Will Clayton last week turned in an accounting, 294 pages long. Its chief news: in four months, the new and still creaking machinery to dispose of surplus war property had got rid of only $85,007,000 worth. This was a fair bite out of the $465,207,000 in surplus property now on hand, including $19,830,000 in motor vehicles (see cut), but hardly a nibble at the mountain of surpluses ahead.

Typical example: when World War II began, there were approximately 900,000 machine tools in the U.S. Now the Federal Government alone owns between 500,000 and...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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