Monday, Oct. 21, 1946

Dopes & Silver

Owning up to the fact that it had been a bad boy, the War Assets Administration last week grabbed itself by the scruff of the neck, and shook itself violently. It shook out 32 out of 89 key employes in one of its major sales divisions and canceled 32 contracts to sell goods at a commission of 10% plus sales costs. In the future, said WAA, agents would get only a fixed fee (30 to 35%) and pay their own costs. One reason: an agent had charged WAA several thousands of dollars for storage costs on a $14 sale.

As WAA shook, out came two more glaring examples of bad management:

P:After 100,000 water de-salting kits had been sold WAA belatedly discovered why they were so much in demand at 40-c- apiece. Each kit contained five ounces of silver, worth around $4.

P: Detecting new traces of dope in the nation's underworld, the Bureau of Narcotics got busy, traced the dope to WAA. Dope peddlers had been buying surplus life rafts to get the rafts' medicine kits. Each one contained five syrettes of morphine (2 1/2 grains).

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