Welllll---Your more right than wrong. Salt cured wood first showed up on the T-Bolt in 1967 and NO one knew just what the problem was but they found out---and how !! I was there when this all went down but NEVER heard anything about BrowninG going out of business but NO DOUBT cost them BIG TIME. I only seen salt wood on Belgium guns. Even saw it in the 9mm Hi-Power though not much. I worked on some Mauser's that I took the stock off with a wood chisel so that I could get vice grips on the screw heads not to mention opening up the bolt handle with a heavy hammer. I worked on repaired and refinished (re-blued) many,many of these guns. Mauser's, and .22 Autos & T-Bolts were what I did the most but ANYTHING out of Belgium out of Belgium (including some custom stuff) had salt wood on them.
NOW !!! let me also state NOT every gun had salty wood on them--THATS A FACT !!!! But a lot of them did. Fact is that BrowninG was NOT the only manufacturer that bought into salt wood. I have seen Winchester's and M-14's that were salty and even Bishop Stocks got in on a piece of the action.
The idea of using salt was a good idea that worked VERY WELL in the right application (which did NOT include the firearms industry) but somebody wasn't thinking very well. The idea actually goes back into the 1930's and it didn't work well then either but NOBODY did their homework.
Respectfully, Vearl Brown, Browning Gunsmith # 21 (Retired 1999)