08/23/1949
https://www.presidency.ucsb.edu...
"The enactment of such legislation will abolish our largest remaining war agency and provide for an orderly liquidation of the present war surplus disposal program."
"The Board shall report to the President in accordance with the provisions of section 206 of the said Act on or before March 19, 1948."
"The present arrangements, which have been developed under piecemeal legislation dating as far back as 1870, are inadequate to meet the present requirements of the Government."
"Disposal operations have been carried on without the uncontrolled dumping of surplus stocks which would have created hazards to business and employment."