National Affairs: Two Billions for Offense?

In December 1950, the U.S. Government forbade U.S. merchant ships to visit Red China's ports. Since then, while the fighting in Korea has gone on, a profitable trade has been carried on between China and the outside world in the ships of other Western nations, some of whom have their own troops fighting the Reds in Korea. If this trade was sometimes mentioned, its extent was not widely recognized. This week, in a well-documented, soberly written report, Senator Joseph McCarthy's subcommittee published some startling findings on this subject.

"Since the outbreak of the Korean...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!