A realistic policy for the disposal of some $16 billion in Government-owned war plants was laid before Congress last week by Attorney General Francis Biddle.
Its gist: fix the selling price of the plants on the basis of their actual postwar "use" value, rather than on their sky-high original cost.
As a simple rule of thumb to find the use value, Mr. Biddle would lease plants to business for three to five years. After that, they would be sold with the selling price based on the profits actually made by the plants in peacetime business. To make sure that the...
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