Evening star., 1902-03-13
EFFECT OF SUBSIDIES
MR.. DEPEW'S SPEECH ON THE
SHIPPING BILL.
Hopes to See the Rapid Growth Of the
American Merchant Marine-Ha-
waiian Coin Redemption.

the shipping bill in the Senate yesterday
| afternoon. after which several bills were
| passed. one providing for the redemption
| Of Hawaiian silver coins and the substitu-
ton therefor Of American silver coins.
| Referring incidentally to the present sit
| uation in New York, MIR. Depew said one
| Of the greatest handicaps to the national
| democracy had been Tammany. He said
great hope had been builded upon the fact
that brilliant and cultivated gentleman
recently had been placed at the head OF
| the Tammaly organization. This was
| Lewis Nixon, an American shipbuider. Mr.
Depew then quoted from paper read by
| Mr.. Nixon before a recent annual meeting
| Of an association Of naval architects In
| the course Of which he had said that when
| the United States was In position to build
several hundred merchant ships every year
| this country would be able to compete with
| foreign shipyards. Until such demand
| was presented the United States would be
| unable to successfully compete with ship
construction in foreign yards
Give us the means. said Mr.. Depew,
'by which American ships may be run un-
der the American flag and then we will
build the ships in competition with foreign
shipyards."
The New York senator said he did not
know whether ]. Pierpont Morgan had pur-
chased the Leyland line Of ships or not but
| If he had it was because the line could be
| operated at profit He did know that
even if the line had been purchased by Mr..
| Morgan he had expressed no intention or
| bringing the vessels under the American
| flag and giving them an American register.
Mr.. Morgan and those whom he represent
| ed, said Mr. Depew, were acute business
men, If they could afford to fly the Amer
| lean flag over their vessels they would do
| so, but they could not be expected to fly
I the American flag when by so doing they
would be forced to run their ships at a loss.
no CT ID "
/ s., 300, 100000 had been invested by Amer
| lean capitalists In manufacturing indus
| tries. Vast sums had been invested in rail-
| roads and mines. enterprises involving
chances of loss-all enterprises speculative
| to extent, In their nature.
Similar immense sums had not gone into
American shipping because figures could
not be produced which would show the in
vestor that he could get his money back,
not to mention a fair return upon his in
yestment.
Effect Of Susidies.
Mr. Depew referred to the subsidies paid
| by Great Britain, Germany and France as
| having contributed largely to the extension
| of the merchant marine of those nations.
| Zone of the most enlightened and progress
| sive rulers Of the old world" said he, lis
| the present Emperor Of Germany. Within
| the last ten years he has brought Germany
| to practically a unanimous support Of SUBJ
/ SlOleS Dy WHICH the herman heTCQdNL
| marine has rapidly overtaken that of Great
Britain"
No dissenting voice now was ever heard
| among the German leaders against the
value of these subsidies. Germany was
commercially independent for now where
| ever the German merchant went in the
world he was followed by the German sub
| sidized mail and merchant vessels. That
| enlightened policy Mr.. Depew hoped to see
| this country adopt.
"If we had on the ocean," said he, IAN
| adequate merchant marine, 1T Is difficult to
picture the benefit to American labor
which would accrue from the employment
of our $50OOO0,OOO Of trade balance in our
| own industries and among our own peo-
ple.
In conclusion Mr.. Depew said: "Within
| five years, If the expectations Of this bill
are realized, then for this comparatively
small expenditure Of $7,5OO,OOO this re-
| proach that American ships are scarcely
seen in foreign ports will be removed from
| American enterprise and American prog
| ress. Then, again. the American flag float
| ing over American steam and sailing ves-
| sells. will be seen in every port of the
world: then. with the American flag and
| American skipper will come the American
commercial agent and the American finan-
| cial exchanges. and we can have the meth
| DDS for that competition. in which we be-
| lieve we should be more successful than
any other nation, but which is as yet only
a dream and hope"
A bill appropriating 81 600 for an exami-
nation of the property Of the Little Kama
wha River Navigation Company Of West
Virginia was passed; also one appropriat-
ing $4,000 for a public building at Sher-
man. Tex.
Redemption Of Hawaiian Coins.
Mr.. Foraker called up bill relating to
the redemption Of Hawaiian silver coins
and silver certificates and the substitution
therefor Of American silver coins, which
occasioned considerable debate. Mr.. Allison
raised the point that In recoining the Ha-
waiian silver the United States would lose
10 per cent as between the value of the
silver dollars and the subsidiary silver pro-
posed to be coined by the bill.
The bill finally was passed after the sec
ton giving the territorial government of
Hawaii the benefit of the segniorage had
been stricken out.
The fOllowings bills were passed: Appro-
priating 100000 for a public building at
Charlottesville, Va: diminishing the num-
Der OF appraisers at the ports of Philadel-
phia and Boston from two to one; amend
Ing the Revisited Statutes so as to allow
each major general Of the army to have
three aids and each brigadier general two
aids, who may be selected by them from
captains or lieutenants. A joint resolution
was agreed to authorizing army and navy
officers who served In the Chinese cam
patgn In 1900 to wear the distinctive
badges OF the organizations to which they
belong on all occasions Of ceremony.
At 42O o'clock the Senate, on motion of
Mr.. Cockrell. went into executive session.