Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-04-03
THE MERCHANT MARINE.

THE MERCHANT MARINE.
The house committee on merchant
marine and fisheries today reported
"a bill TO place the American mer-
chant marine engaged in foreign
trade upon an equality with that Of
other nations" The principal pro-
visions Of the bill have already been
given. The report accompanying it
says in part:
The ocean transportation Of the
United States has averaged S240,-
600, 900 annually for the past ten
years. Taking our share Of this
trade at 20 per cent, We have the
amount Of $3.50, OOO, 900. ten per cent
Of which is SIS, ZOO, 600. Surely IL
would not be n bad investment for
the nation TO pay out SIS annually
to secure an opportunity to earn aud
save $3.50, but If this is too large,
make it per cent; that would he
double what the bounty bill will call
for in the ten years to come. The
estimate Of the committee is that
under the terms OF the bill the pay
ment in bOunties for the first year
would he: For sail vessels, 81 ,644,-
SIS; steam vessels, Sl,Tl5,9 22; total,
So, 3GO,75 The annual increase
would be about 5 per cent, so it
would be eight years before the an
nual bounty would amount to S.
900. 900.
Representative Fithian submitted
the report OF the minority, which
says that a subsidy would be Great
ing and fostering privileged class
at the expense Of the people. The
minority believe the most effective
way to bring about revival Of the
shipping industry is for Congress TO
place all material used in the con-
struction Of ships upon the free list;
TO repeal all laws in restraint Of
trade; repeal the restrictive naviga-
ton lease, anu permit merchants 10
buy their ships where they can buy
them cheaper, and sail them under
the American flag.
TIE ANTITRUST ELL,
as reported from the Senate COM
mittee on the judiciary, in sub
stance declares that every company
OF combination, in the form Of trust
or otherwise, or conspiracy in re-
straint Of trade or commerce among
the several States and TerritOries,or
with foreign nations, or in any Ter
ritOry or State, is Illegal. Every
person who shall have made such n
contract, or engage in such a COM
binatiOn or conspiracy, or who
shall nnnopOliZe or combine or con-
spire with any other person or per-
sons to mOuopOlize any part Of the
trade or commence among the sew
eral States and Territories, or with
foreign nations, shall be deemed
guilty Of n misdemeanOr, and, on
conviction, he punished by a fine
not exceeding 5000, or by i'm
prisonment not exceeding one year,
or both. Any property owned I'M
der any contract, or 10y any combi-
nation pursuant TO any conspiracy,
and being in course Of transporta-
ton, shall he forfeited 10 the United
States, and may Ice seized and con-
demned by like proceedings asthOse
regarding property imported con-
tTary to law.
Any person who shall be injured
in business or property by any other
person or coTpOEtiOn, by reason Of
anything forbidden by this act. may
sue in any circuit court Of the
United States and recover three
fold the damages sustained, besides
the costs Ofsuit and attorney fees.
The net includes corporations, and
associations existing under or
authorized 10y the laws Of the United
States and Territories, or 10y any
foreign cUubtry.