Senator Nye Fears Return "In Form of Shrapnel"
Washington, Aug. 10.
An investigation into the enormous profits of half a dozen exporters of iron and steel scraps, largely to pan, was ged by Senator Gerald P. Nye, Chairman of the Special Committee on Investigation of the Munitions Industry, in a speech before the Senate to-day.
Senator Nye said he had reliable information that a firm in Philadel. phia dealing in scrap iron had madi a profit of $3,500,000 last year, which was equal to 150 per cent. of its capital stock.
Appealing for a ban on such exports, the Senator said: "Probably we may receive scrap metals in the form of shrapnel in the flesh of our soldiers and sailors—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.