GOVERNMENT: Out from Under

At the end of World War I, U.S. indus try had on its hands $3,600,000,000 in un delivered war contracts. When World War II ends, U.S. industry may be buried under $75,000,000,000 worth. How this Atlantean burden may hamstring recon version to peacetime production, by tying up capital, is a nightmare to many a U.S. businessman.

Last week the War Department took the first comprehensive step to help indus try to get out from under its terrifying load when the time comes. It established an overall policy to cover termination of all...

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