Aviation's Sitdown Strike.

During the last war defense industries in the U.S. were not allowed to write off their new plants at the expense of the Treasury. They paid excess-profits taxes far higher than those now being enacted by the U.S. Congress. To judge by present-day spokesmen for aviation, this should have been ruinous, especially since the whole period of preparedness and participation lasted less than half the five-yen period they seem to consider desirable. Yet the balance sheets of steel, arms, ship, plane, and munitions companies emerged without having been seriously maimed. But aviation has been leaning on the government for many years.