A correspondent of the Times, writing in last Saturday's issue,'
gives a striking account of the growth and importance of the munitions industry in the United States. He notes " with surprise " Mr. Montagu's recent statements that the whole of our Army over- seas has been equipped with rifles and machine guns solely from British sources ; that we are now independent of the American supply of light shells ; and that, if the domestic and Canadian output comes up to expectation, we shall ultimately be able to do without American shells altogether. He supports Mr. Montagu's tribute to the services rendered by Messrs. Morgan, our purchasing agents in America— a tribute in which we desire most heartily to join. The contract has " knocked out the men of straw and gamblers," and saved the Allies millions of pounds sterling.
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