Evening star., 1922-05-18

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Mrs. Ellen ID. MeEow Of Wiscon
party. with little Helen Hale, aged dvs
Mrs. Megow will carry the banner
children will place i'm the corner stO
ternational trade will bring about the
desire on the part Of american oper-
ators who engage In this trade:
Of the American operators will. II
suitable shipping legislation Is
enacted, cause them to place contracts
In American yards for new and spe-
cial types Of ships for operation In
flag. That this demand for ship
building will be augmented by the
demand on the part Of American oper-
ators for special ships to be used In
the coastwise and domestic trade. A
part Of this demand will be met by
the conversion Of existing American
tonnage where practicable, but part
of 1t. however, will OF necessity be
provided by new ships, to be built in
American yards. An increasingly
greater ratio of these ships will be
equipped with Diesel engines Of an
approved type. g;
"Sixth-A small demand Will exist
for naval auxiliaries."
Necessity for Credits.
MIR. Ackerson stated that, although
the desire to exchange products ex-
lists, the ability to finance this ex-
change does not. at least for many
European countries, exist. 1t Is nec-
essary. the speaker said. that large
credits be established in these coun-
tries to start their industries In the
manufacture Of exports. He contin-
ued:
Probably the only two countries
that are In a position to finance this
interchange of products are the
United States and Great Britain. AT
the present moment the financial in
terests Of Great Britain appear will
ing to loan money for this purpose.
In the United States at the present
moment there does not appear to be
that same Willingness. Just how long
1t will be before this unwillingness
can be overcome is uncertain.
But probably the time necessary TO
crystalline public opinion. to effect the
necessary loans. and following that to
establish manufacturing on post
war normal basis in the European
countries will be not less than three
to Ave years.
Normalcy Five Years ON.
Following this line Of reasoning, II
would appear to mo that the world
SnlpplnE Will not EcIuTu " ~hoS AhNs
be termed it's postwar normal pro-
portions" until this period of time.
varying from three to Ave years, shall
have elapsed.
From the time this revival begins
an increased demand for ships Will
manifest itself. Whether new ships
will be built or not as a result OF thHe
demand will depend upon two things
first. the tonnage necessary to carry
out the increasing international trade;
second, the tonnage actually existing
at the time.
I'm viewing this. 1t should be re-
membered that on the whole there is
no greater tonnage Of vessels avail
able today than would be available to-
day had the world war not taken
place. Also, many Of the ships now
Included In the world tonnage are
old and obsolete. There have been
few replacements of the better types
whole. cannot be regarded as suita-
BILE and adequate increment of the
merchant marine.
Few New Liners.
During the past eight years, COM
paratively few passenger vessels or
combined cargo and passenger yes.
sells, or even high-grade cargo liners
have been added to the world ton
mage.
III
that will unquestionably take place
in the next three to five years will
create a demand for vessels suitable
for special trades. and also for pas.
senssr - combination passenger
doubtedly be built in accordance with
the advances in engineering that have
taken place in the past few years
Notable among these advances Is the
Diesel engine.
ut would appear that when the de.
manifest itself, the new tonnage re-
uuired will at least be equal to the
annual pre-war construction, possibly
even greater" So
Sees Great Trade Era.
I'VE stand on the eve of great de-
velopments," Frank c. Munson, presi-
dent Of the Munson Steamship Lines,
New York city. told the convention
WieWeoins " sae E1as Of 't the 10 Ship Operator
Continuing, he said:
"We stand today . nation looked
up to and respected as one OF the
most powerful in all the world
most powerful and We should use
our moneys our gold accumulated
through the years of the war, for
trade expansion for the beneht OF all
countries Of the world, but in that
beneft which we are going to give
stipulate that American products and
American manufacturers should be
given the preference. by all those
countries to whom We loan our Amer
and American brains will carry us
on TO q greater future than any
OF us here today can dream Of, to
q greater influence on humanity, on
civilization, on the advance OF the
high ideals WHICH American manhood
these great trade routes. created and
seryed by these wonderful ships,
which are the shuttles that carry the
peoples and the commerce. Of the
world to and fro, we have vehicle
really dsyslop,nf which xasa. 9n must ca,o carry
one Of great and most vital forces of
our national progress"
Weuld DisbanA shiDDiAg. Board.
Mr.. Munson declared that It. is fun
damentally important. az outlined In
the Jonee bill Of 1880. that private
Initiative, owpership and operation
should be stimulated by every n1sens
possible. That mems tnet sns Shap.
Shel SshiS. Is rapidly a. Il can.'. he STATED.
sWe shipping men feel this can be
donA within two years Of the time the
nav bill 10 passed.
ssfhe equalization OF our higher
opsrat,nE cost. eontsmpi.ts:sd under
e: s sp III saa sa e &. pqs.sn. .r is. r.
terest rafss will be very @condnGiye to
inancine by even the small cperater1
IN ths purchase Of ships from th1
beard on tho bssis iot as Per cent dcwz