The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1904-03-18
GRAFT" IN SHIPS SUBSIDY.
The Old Gang Planning a Legalized
Raid on Uncle Sans
Strong Box.

treasury, and that a commission VIII
be appointed TO draft plan for THIS
congress to pass at its short session,
which will legalize the raid upon the
treasury. calls attention TO the results
OF ship-subsidy experiments in other
countries No countries. in proportion
TO their population, have paid greater
subsidies to the shipping interests than
have France and Italy. And no coun-
tries afford better examples than DO
these OF the failure OF this means OF
reviving shipping.
THE French ship subsidy system dates
from the year 1881. and was rearranged
in 1893. The payments in the year 1896
the latest date contained in the United
States special consular reports) were
Francs.
For bountles 10 naviga tion........ s.S4s's s,0
/ For bounues 20 construction-.......4 = i'9'eSS
For postal subsidies loe,lVO
Total ....................''.''..
Thus the yearly payment from the
French treasury for the encourage ment
Of shipping reached in 1896. an average
wear. the great sum of nearly 40OOOOOo
francs (sS 600 00O) Now let us see the
result. According to the report OF the
United States consul at Havre Of Sep
TENDER G 1899. the total increase or
French mercantile tonnage In the nNe
years from 1898. the year OF the enact
ment OF the new law, until 1898. was
Sc 961 tons. the increase being limited
10 vessels which receive no beneht from
the bounty law of / 1913. while the steam
tonnage engaged in meeting foreign
competition has actually showed de-
crease"
After IS years Of bounty payments a
committee Of the French parliament In
1898 reported as follows
I'VE do not hesitate to say without
fear Of contradiction that our merchant
marine IS in such a state Of decadence
that there is reason to be uneasy about
/ our naval fleet"
This is taken from the report OF The
, United States consul at Hayre to the
state department Of September 6, 1899
, who continues as follows:
/ MANY other extracts may be quoted
: from the reports OF various chamber
: Of commerce from the speeches made
I'm the two houses Of parliament ar'
from lectures delivered by experts u
economics. all lamenting the deprese q
, state OF thumerchant navy Of France.
AS appears from the figures eivel
above. the French government pay
postal subsidies premiums on the con
structor az French ships and premium
on voyages made by French ships Ih
effect of this policy Is thus described b
the United states consul at Marseille
\ In hts report TO the state department.
i. July 20 1899:
" "The shin owners found the shi
builders constantly Increasing thei
~ prices. until the point was reache
O. where the binders were accused Of ca
20 culatire the amount which propose
90 constructions would command and adG
- ing that amount 20 tneir own cos
m price. thus absorbing the premium fc
81 navigation and the one FOR constru'
as ton"
III This consul concludes that "the me
chant marine Of France is in an unsa
isfactory condition and gives ii as b
- opinion that THE inferiority Of u
{ French merchant marine is attributab
10 the timidity or Indifference of Fren6
OF capital"
The Italian government pays nayig
ton subsidies and construction bountie
hut the United States consul general
n Rome in his report to the state depar
~ ment Of July 81. 1889. makes tic fc
~ lowing comment:
~ I'm Wow Of the Efforts Of the Itall'
- Government TO encouraee Italian shi
ping. the long seaboard. and the rt"e
- sity Of shipping TO the economical j
IL Of the country the results are certain
~ far from satisfactory
N remains for the American peOI
~. 10 decide whether TO adopt tho artihc
~ expedlent Of the subsidy system. viii
r. must be continued Indefinitely at es
~ increasing cost. or whether TO appro
!. the more logical principle announced
u Mr.. ]. ]. Hill. in the New York jour-
IN Of Commerce. November 10: wv
"a pins his faith TO the natural advaniai
~ Of the country and the wide-awake
80 terprise OF it's people. and not the
~ ternal care and eoddling Of the COVE
49, ment which can help one interest OF
a., at tn. expense Of others All that re
49,, lv live business men ask OF the COVE
80 ment is that II shall not put difficult
~. and distractions in their way, and 81
10 afford such protection Of the laws
-, will give them a fair field for their
80 ergies. What they cannot then succ'
"a in. they are willing 10 leave to Other
hey 1t is quite evident that the rep
ers, lIcan organs would rather not play
late less they are permitted to say who 81
and be 'ft" on the democratic side.-Bi
rely hanyon IN " Leader.
With the shpbuilding trusts
curiti.s stricken from the Stock
ex- change list the collapse Of that but
out Of over capitalization Is complete.
But kt-ener scrutiny of the securities BET
; OF they we're listed would have been m
To the purpose y Y. World.
- -
5. Miss Anna Mackenroth, young
who was instrumental in opening