Daily capital journal. (Salem, Or.) 1896-1899, 1899-03-24

pay subsidy OF cent per ton per
hundred miles sailed, 10. addition to
the above subsidy; upon vessels show
ing a trial speed Of from Is TO 16I
knots I. cents, and on vessels OF over
this tonnage and a speed OF over 16
knots an extra subsidy Of |. 2 cents
But this Is not all On vessel Of larger
tonnage aud higher speed IL Is pro-
posed ~ paw prODoftiODately higher
subsidies Thus on vessels OF 1900
tons or more, aud a speed oil between
II aud IS knots, the extra subsidy is
Ia cents per ton per hundred miles
sailed, and with each knot OF higher
speed the subsidy goes up to two.
tenths OF a cent, so that .on vessels OF
this and over II koots, the extra sub
sidy contemplated Is I.s cents.
finally, on ships OF 1900 tons
or over, and speed OF 20 tc
q knots the extra subsidy Is
TO be 2 cents, and II the speed be over
q knots 2 cents per ton per hundred
miles sailed, this Of course in addition
TO the subsidy Of u cents per ton hun
dred miles Of voyage In excess OF this
length. Therefore steamship OF TO-.
900 tons aud 81 knots would be paid as
/ the subsidy, on voyage from New
York 70 Liverpool, 3Ol0 miles, first
the basic subsidy, and u cents per
/ ton per one hundred miles for the bal
ance Of the distance, or sl5lO, a total
basic subsidy Of s2250, and cent per
ton per one miles for the balance OF
the distance, or sl510, a total basic
subsidy Of 1890. And second would
be the size and 'speed subsidy OF
2 3 cents per ton per hundred miles Of
voyage, or s8923. So the total subsidy
on the single voyage would be slO,-
683, and on the round voyage s21. 1865.
But the average result as figured
out by an authority on the subject OF
our ocean marine. would be a subsidy
OF o2.62 cents PR ton per average yoy-
age, which he figures out at 1856
miles. And as the gross tonnage OF
shipping annually entered aud cleared
from our ports In the foreign trade IL
close 20 5000, 900 tons, OF which, how.
ever, only about l2i per cent is Amer
lcan, the amount Of subsidy payments
under the bill can be readily figured
out. To start of with, and on basis
OF the present proportion OF American
shipping 10 this foreign trade there
would be a tonnage Of about 5000, 900
70 pay subsidies upon, which,
dt an average rate Of over
81 cents ton, would amount
10 about s5,OOO,OOO. But IL is con-
templated That liuder the bill the pro-
portion Of the foreign trade done ia
American bottoms would rise 10 the
course OF few years from l2t To so
pr cent, II vas so large Ia the early
years ot the century, and then with
out allowing for any increase ia the /
tonnage engaged In the foreign trade, q
subsidy requirements would be about I
$50 OOO, 900 year. But as the tonnage I
engaged IN such trade increases at Il
lhe rate OF about 81 per cent "A year d
Lhe subsidy requirements would b
steadily grow Thus 1t is that Mr. n
Bates hgures out that the /
subsidy requirements a
under the Hanna Payne bill II
would be ten years from now. Is
'nd on the assumption that p
" per cent VI the trade would
'hen be In American hands, which III
Idyocales OF the bill claim, 40 less CT
han s5O,3i7 OBJ And so long ~ the II
uosldles were continued this bin Il
'ould 20 or increasing az the rate Of az
{ per cent year, II this American ey
laFine thereafter but held it's own In
foportion Of trade done and the be
cean tonnage engaged In our foreign suI
irrying trade continued increasing pa
the present rate 81
The idea OF paying such a continu. u
N and Increasing subyention ont of va
le National Treasury for the build WI
X up OF an American merchant wy VIZ
ar'ne Is appalling. Aud here let IL Wv Wv
remarked, tnat under the bill and o'o
authority OF Congress the govern. p'o p
ent would virtually enter into a "o n
ntlnuous contract with shipowners . :
Ga as would obligate the paying Of cas-
Gu suOvention for year after wear
period OF twenty years. We do
think taxpayers are ready TO foot Cav
'h bill.
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