Last week Congress, the President, Army-Navy underlings finally let U. S. businessmen know what they might expect in the way of industrial conscription: little or none, if they behave according to Government lights. If they behave otherwise (i.e. balk at taking defense contracts on Government terms), President Roosevelt can invoke conscription in its stiffest form: immediate, outright seizure of plants and products, to be paid for when and as he pleases.
Congress wrote this unqualified power into the Army conscription bill, after swaying all the way from outrage at the idea to enthusiastic...