The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1920-04-27
SHIPPING BOARDS
SALE PLAN READY;
Y YEARS TO PAY
By DAVID LAWRENCE,
iCopyrtglt BY The Inteu12en


,r,crrrEc~.\ - - \,-.r -
>,
"N''E '"u! WI nave M ''n"' >''''',>
buy tho ships nui!; by TIE r!t'" N'a''S
and they w.l be cold IN a uniform basis
- ,...,,.,.+,,,, ,,,t -, ,r,,1 r,--,,s "a vii
We "
pNrh'' '.' "i"'7"'"rS |" "'>''''"'' 'N'
mCn;S over = period uf Twelve years
NIL, ,hcs.. .,.rs,-.. ~ ,..,,yllres who
.. ,,rf ,,,.
S"" S">'S'S '"' S'''|''H
merely Of thOr nu!lly 20 pay me inlt'aI
.ash payment. bu, 70 rr",. th,Ir ubliSa,
-..,,..n. ,.,, H.. .-.,..,, Sims
-, -, .S,,,,%r. board IS
- T 80. ,:.r-ran shlpS
80 -, .-,s =, ,hc Out.
brr,. ~ ~, ,v,r Tn.>r ls,Scs ar. BE-.
=, go -, ,',., nu,cn,rc %:
- h.r,,,, ~ William,
-. &c n,u. h.,n.
itt ,,,.bs- r.rr. Rv, the
-. ~, hI.,,' ~. ,.,s,S mus;
pyt-N.r h,, 80 ,...eIs N mo
~. 49,, ~ !,,,-, .,.,,,,,-r, ,b. .h,r.
VENT 'uaS ~! 80, 80 ,I,r,. ,,.v
pihS o"aru yuoSW'eH' .|N' ...i. -,
% Solu JdH' UN, -
''h'rS'"CH "''' N''
Announced By Benson
The foregoing principles ut sh:rp'nG
policy were ElScu IN" writer by Ad-
n;rai henson chief Of the shlpptng
board. and represent the uutltn" Of pol
icv thus far formulated The sales pro,
rran, iS ot-vct worked Oul IN detail. y
Commute. Of four Eugene Meyer ~
INC war 1naace corporation; NeNand"r
L.rgC vice president OF the international
tJarSostcr Sonnany. owen Young. vice
-, ~ tSn General Electric com.
oany and charles r. Warren Of he
,-nif a Ecpublican national committee
p,a, nd a former aid to General
CrowSnr in the Establishment of ths
-.
nsa-Nar, yna1n,pr Gut tho sales policy
Thry wcrs selected cut Of group OF
business men called here by AdFnira
BENSON to confer with the senate duo
House Commuters on commerce" am am
merchant marine. ana Win lnc o"IS'0NS
OF the Shipping board.
The program WAS istN 20 SrIH " - 49,
mite" TO dratt because IL vas 'eai-iS, -i.s,
hat tho strain on IN" "o"SS "''1t 4"
Mould b" dangHr"us - 'hs Sh'ps W. We,
offered for sale IN the open K'aR ~,
without carefully sete6ua7uths Ine ~
iure payments n tnc EoNsf'I,Ite"' ~
well as IN" credit 'na'A.S t%GSS. ,r
;-ar was expressed 'hat "outu-po ~.
"haScrs would borrow tarE' Sums tEuii %
he banks TO make the initiS' PaEt'.rntS Pits
nd then n" banks ~"HIa % mt rir'' III,
''ntIy alarmed arouL u,4t- ~; ~ p-ar,.;o,.
II freight rates dr"pF--H Ce e. . ;,
iradc was GISfII o'u " A"N'''' NV ~
b,., vi-+ualiy decided thai
- - ,.,, casL nayrent will be re-
S,-os.,S az. n.r cent every 81,
NIItSS ,,n ,ho md NJ the seconc
-, ,L;-,x rer cont will haY,
-a;S Thc remainder will be. col,
>,,.r,,,,s ~ scyrp nor cent
- .cr yoar, An Interest
&c a. ,.- ,,aot will be charged
Ies+,--As ,,rmrpis so as 20 provide
;,-c5t.vc for earlier payrneu, IN thr
,-r., - r~. ~ nJakr money
,,ci- ycnrurr
vn. n...r-,;,Aa
~ -.
The prices OF IN" ShipS hSNS n"e Ee
been determined eut thcE Will oC uil
'orm and will he based upon a cost PEI
ton attractive 10 thoS" VINO desire u
engage IN the steamship business ant
vct sufficient 70 repay tn" government
>Or its investment. 1naSmuch az tn'
government will retain a mortgage OF
all ships until they arc fully paid Tor.
measure Of control will DC exercised
over the treatment given the vessels II
tho way Cc repairs. Similarly. II sorn'
wears are exceptionally prohtaole.
limit Of fifteen per cent on the amoun'
that can b. taken out Of the earnings
will BE- placed. so that mo government
can get some additional payments to
ward its indebtedness.
No ships Leased