SURPLUS PROPERTY: Uncle Sam, Merchant

A smart, energetic industrialist from St. Louis, W. Stuart Symington III. moved in as the new boss of the Surplus Property Board this week. Thereby he took on one of the toughest administrative jobs in Washington—the disposal of roughly $90 billion of surplus war property held by the Government (TIME, June 11).

Forthwith, Symington must determine what is worth the attempt to sell. He can be reasonably sure that the $65 billion of tanks, planes, ammunition and other combat items will have little resale value. But there will still be $25 billion of salable items (merchant...

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