FOREIGN TRADE: Racket

The Senate Small Business Committee, inquiring into the way the Department of Commerce had been issuing export licenses, discovered that the licenses were the coin in a brisk and profitable business.

Some exporters were using duplicates of licenses issued for the shipment of small quantities of goods to export large quantities of commodities high on the restricted list. Example: license No. 758,447 had been issued by the Department of Commerce for the export of a 1942 Buick car; the copy that went through the Custom House indicated that the license had been used to ship 1,000,000 pounds of flour to...

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