Evening journal., 1922-11-29

When Congress- met IN special
sessiou Nov 10, Prsidsut Harding
asked the ship Subsidy Bills pass
age.
The theory OF a ship subsidy Is
this.
THEORY OF ship Subsidy.
Every country, let's assume, needs
merchant ships, under It's own Aag,
10 deliver the goods L sells 20 other
countries and 20 bring back the
goods 4 buys from them.
If nations ships can be run az a
profit. then private concerns are
sure to run them for the money
there IS In T.
But H. for some reason they run
uersistently at a loss, private ship
owners will quit and that nations
nag viii disappear from the sea
UNLESS
Their government makes up their
losses TO the owners, plus enough
more TO pay them fair dividends
Subsidy advocates say ships are so
Important that Il is better for a
country TO do this than 20 lose It's
merchant marine.
When the United States entered
the World War the government bs-
gan 70 build merchant ships-"fe-
verishly, extravaEantly. wastefully'
ampracucaliy," Harding says.
The wars end found the country
with a large merchant feet. go built,
at cost OF $4,000, 100000 70 $4,000
600 o00.,
since then the government has
been running these vessels either d.
rectiy or through private companies
Bcting as its agents.
Ths loss on them, Harding says |
Is $4,000. 600 annually.
He wants TO dispose OF them 70
private owners. But they won't be
accepted II they must be run At a
loss. II is 70 cover this loss the
president proposes a subsidy.
He estimates Il at q maximum Of
$50, ,o0o,o 900 annually.
Subsidy opponents say the plan
simply is 10 tax the rest % the peo-
pie for the shipowners' benefit
They oppose supporting any bust
ness that cannot pay its own way
Better, they argue. let the feet 10
and return 20 the old system Of doing
our shipping under other fisgs than
our own.
The commonest opinion seems 10
be that the Subsidy Bill may pass
the House OF Representatives but ,
that its chance in the Senate is none
TOO good.
Blame the Tiger Himself.
Ex-premier Clemencean of France
s making speeches in the United
States, emphasizing Europe's need
II American aid
Personally he was welcomed
warmly but nruch fault has been
found with the European view he
Many Americans ap- ,
pear 70 hold clemenceau himself i,
By the policies he has supported
largely responsible for the Old World :
he describes.
Senators Hitchcock and Borah, for
instance, are men OF widely different
ideas. Hitchcock led the nght for
the League OF Nations. Borah led
the fight against Il. Tet they agree
10 cr1ticlzing Clemencesu.
Hitchcock says:
frances reparations demands
against Germany are impossible. In
'uperable obstacles will prevent CO.
'peratton between Americans and
he French so long as the present
destructive French policy prevails.
Borah says;
"Clemenceau brings no message
Except vengeance, anticipated war. /
The same European policies which
aused conflict in 1914 are Matching
resh strife"
s,s,,<s- Threatens Hing.
England's parliament met in extra
eesion TO an accompaniment OF
.artling language.
King George was presnt TO read
Is usual message There was
pod deal Of pomp and ceremony. |
-smsay Macdonald. Labor leader.
'fsrred to this as a "tomfool show"
The extra session was called toI
,nsider Irish legislation but It be- l