STATE OF BUSINESS: To Arms

Last week the U. S. economy was still far from armed. But it was far enough along for a fitting. A few plates and greaves fitted comfortably. Vast sections of the leviathan's flank were still naked, quivering freely. Here and there a real squeeze was felt, a gusset threatened to break. Items:

> N. A. M.'s President Walter Fuller reported progress in N. A. M.'s survey of production facilities. Of 20,000-30,000 manufacturers reporting, two-thirds as yet had no contracts or even subcontracts for defense. Yet they were prepared for them, "ready to abandon...

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