STRATEGIC STOCKPILE: Is It for Security or Subsidy?

AT a time when economy is the watchword of the U.S. Government, the spending to stockpile "critical and strategic" defense materials has been greatly increased. Defense Mobilizer Arthur Flemming announced last week that in fiscal 1955 the U.S. will spend $900 million (some $250 million more than 1954) to buy 22 essential stockpile items, from aluminum and diamonds to feathers and fluorspar. By next year, the bulging U.S. war chest will reach a staggering $5 billion, rivaling the $6.5 billion farm surplus hoard. Since the buying was stepped up after the end of...

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