Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1901-02-05
LET SENATOR FRYE EXPLAIN.
The Two Million Dollar Limit
Amendment

The much Wanted amendment to
the senate ship subsidy bill purporting
to limit speed compensation" (see bill
as reported by Mr. Frye to the senate,
page 6, lines 1922 is grotesque sham.
1t reads:
"of which nine millions Of dollars not more
than two millions of dollars shall, in respect OF
any one fiscal year. be paid as compensation to
the vessels described in paragraphs eighth and
ninth Of clause of this section"
The paragraphs thus affected are
those which provide for subsidy to
ships of speed as follows:
Eighth. Twenty knots and less than 81 knots.
"Ninth.-Twenty lone knots over
From the report lately made for 1900
by the United States commissioner of
navigation we find that of United
States steamers of 20 knots speed or
over there are just four in existence
the New York, the Paris, the st. Louis
and the st. Paul-all of them owned by
the International Navigation company
(the Standard Oil and Pennsylvania
railroad concern, of which Mr. Griscom
is president).
BY the same report the commissioner
gave list Of foreign steamers that
might come in under the subsidy bill.
OF these not single one was above
Is knots speed; hence none of them
comes under the eighth and ninth para
graphs Of clause in question.
Moreover, in his report as to ships
under construction abroad for Ameri
can capital, Commissioner Chamber
lain shows not single one of these
as over II knots speed; hence none of
these comes within paragraphs eighth
and ninth of clause in question.
Again, the commissioner of naviga-
ton reports as to the vessels intended
for foreign trade under construction
or contract in United States ship
yards. OF this shipping not single
vessel was Of over IS knots speed, ana
therefore none Of 1t would come under
paragraphs eighth and ninth of clause
in question.
Finally, on behalf Of the promoters
Of this bill, Mr.. Clyde testified Jan. 10,
1900 (see House Hearings of that date,
page 34):
I'VE know from inquiries we have made as to
what ships will be built if this bill is passed that
all OF the vessels contemplated will be vessels OF
moderate speed-none Of them exceeding II
knots
too slow to come under paragraphs
| eighth and ninth in clause b.
To sum up, the New York, the Paris,
the st. Paul and the St Louis, all
owned by the International Naviga-
ton company, are the only vessels
either in existence or building or con-
tracted for or probably to be contract
ed for, should this measure become
law, that are or will come under para
graphs eighth and ninth of clause b.
The true reading of the amendment
reported by Senator Frye therefore is:
"Of tehich nine millions of dollars not more
man fieo millions OF dollars (S2, 900, OOO) shall
IN respect of any one fiscal year. be paid as
compensation to the International Navigation
company in respect of its four best steamers,
the Neto York, the Paris, the st. Paul and tho
st. LOUIS
Since the highest estimate by critics
of the amount which these four ships
could get under the bin as it orig
inally stood was less than $4,000
600, Senator Frye ought to explain
why the sum named was so literally
calculated and how the amendment
tends to limit the stupendous job
which, in behalf Of his great passen-
ger steamers, Mr.. Griscom, through
Senator Frye, is pushing under the
pretense that he is working in aid Of
American exports.