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For example, many combat ships are being returned to active duty from the "mothball fleet" and many others can be put into service on very short notice. We have large reserves of arms and ammunition and thousands of workers skilled in arms production. In many cases, however, our stocks of weapons are low. In other cases, those on hand are not the most modern.

I have no doubt that there will be a Standard Household-Effect Company, which will extend its relations to Europe, and get the household effects of the whole world into its grasp. It will be a fearful oppression, and we shall probably groan under it for generations, but it will liberate us from our personal ownership of them, and from the far more crushing weight of the mothball.

For example, many combat ships are being returned to active duty from the "mothball fleet" and many others can be put into service on very short notice. We have large reserves of arms and ammunition and thousands of workers skilled in arms production. In many cases, however, our stocks of weapons are low. In other cases, those on hand are not the most modern.

I have no doubt that there will be a Standard Household-Effect Company, which will extend its relations to Europe, and get the household effects of the whole world into its grasp. It will be a fearful oppression, and we shall probably groan under it for generations, but it will liberate us from our personal ownership of them, and from the far more crushing weight of the mothball.