An explanation of who the speaker does and does not represent. A description of the Army Ordnance Association and what it does. A few philosophical reflections in connection with the subject "Munitions and Common Sense." The great deal of misunderstanding today of the term "munitions," as well as "armament" and "military armaments." Munitions in the sense of armaments. Some words on the misunderstanding that exists generally today about the effect of modern armaments upon war. Armaments as tools of man. Recalling the situation in World War II with regard to the supply of munitions to the American Army. Problems of production. How American industry tackled the problem. The state of arsenals in the United States today. A complication with regard to the actual production of private companies and how much of that production goes abroad: some statistics. The issue of gun runners. Possible solutions for putting this part of national defense under control. An examination of the possibility of a nationalized industry and the elimination of the private manufacturer. Control by export license and publicity as to the figures of materials exported and countries of destination. Profits of munition makers during the World War. Granting that profit in war time is a matter of national policy that must approach every individual, share and share alike, so that there is no inordinate profit made by any individual or any group. A study of this question in the U.S. Recommendations of the War Policy Commission in 1930. Eradicating abuses. A summary of U.S. policy.
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