Before a Senate subcommittee investigating business profits last week sat U.S. Steel Corp.'s Ben Fairless, giving the Senators the facts on his company's high earnings. Midway in his testimony, Wyoming's hawk-browed New Dealing Senator Joseph C. O'Mahoney, veteran critic of big business, opened up on a favorite subject: the steel shortage.
Had Fairless given any thought to the steel shortage? "Are we going to sit here and see this [steel] demand fall," roared O'Mahoney, "or are we going to take action which will maintain the demand . . .? On every hand you find evidence of popular desire for things which...
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