To the growing family of critically short defense materials, Senator Lyndon Johnson's investigating committee last week added an outsize, howling new infant: wool. The committee found "no wool in stockpile" and "no wool in inventory," because of "abysmal lack of foresight. If general mobilization were undertaken now," said the committee, "we would again be as bad off—or perhaps even worse—than we were during both World Wars." The Munitions Board, which is responsible for stockpiling critical materials, "has clearly and miserably failed." The board had even neglected to take title to 460 million pounds of surplus wool held by the...

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