Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-11-22
PRESIDENT HOLDS
SHIP SUBSIDY PLAN
FOR PUBLIC VEAL
Challenges "Insinuation''
That Special Interests
Are Favored.
FRANKLY RECOGNIZES
HAS FIGHT ON HANDS
Executive Views Measure
Only Way Out of Ship.
ping Crisis.
YEARLY Loss is Flrr, MILLIONS
h"'>nsc Is Regarded u- strong Ar
Euincnt Frnm White House
NIrwpnInt.

H"'li ION. NOV. 2l.-PrcsiGent
Harding In an address today to a
j"int session o, Congress urged
speedy enactment OF tn. administra
ON shipping hill as q means OF cut
,inG dp"n present losses through op-
"t"ii"n "i G"vcrnmen; ships and nut
ing America at the forefront lin
tn" psac" triumphs on the seas of
the world"
At IA. Very outset 81 the thirtv-
minui" Speech which was heard with
ih- closest attention. the President
irdnkly declared that those stand
ns with him might as we'll recog-
NE ihht there was divided opin-
t"n aud determined oppoSition" II
:" "uid be h"lrful in clearing tine at
'Hahcre 10 start with the recogni-
ti"n az th.S la,t, hc said adding that
1t was II" new experience.
Appeals 4" Save Treasury.
With -r-n, emphasis. the President
challenged every iuSinuation" that
the bill was framed for the benefit OF
favored interests" or for the enrich
mcnt of the special few at the e1-
p,uSc ~ the public treasury. He de-
'iarcd that first of all he was appeal
Ing t" save the treasury.
Calling attention To the hostility
subsidy" stressed, he said. by the
opposition, the President asserted
that government aid would be a
ttiTer term than subsidy in defining
what he Was seeking 10 do for upbuiId
ius Of the American merchant ma
rae.
But call it subsidy since there
arc thos. who wish 10 appeal 10 mis-
,aken prejudice rather than make
crank ani logical arguments he
:. II. We might 80 call the annual
loss "i ".0V0.0Oo, which We are pay
ms Now without protest by those WHO
most ahh"r-wc might aS we'll call
that subsidy Ii So. am pro.
n"S'ng /" cut II IN half approximate
ly."'
Discuss Congress- probIrn
Discussing the problem confront
ing Congress. the President outlined
'hrc" courses OF action. The first hA
said. was constructive. which en-.
"'"""d passage "f the bill: second Oh
"'rd"'tN tN"- continued government or
'E"' 90" ana attendant government
i"SS"S- and thIrd. destructive. iuVoIv-
ihS IN" sacrifice and ScrappinG Of the
IL, r"uan, Hr,,
ha'e come 10 urge the couStruc-
i've Alternative. 40 rcasscrt an Amer
.c"n We viii " he exclaimed. which
de!Nery OF the speech. The next an
plauSc greeted the Presidents dec
laration that he rejuicrd that higher
STANDARDS for labor ON American
ships had been established and that
m"rcst justice suggested that when
congress :iNcd these standards IL is
'air Ia extend government aid in
maintaining them. untn our shipping
lines are 80 firmly established that
thoH can face world competition
alone
The farm bloc. including members
on The Democratic side. applauded
when the President said credit syS-
tens under government supervision
and control must he promptly and
safely broadcnei To relieve the agr!-
cultural classes
Comment Follows Party Lines.
There was u variety Of comment
by members. but for the most part
;hiS 'oli"wrd party liues.
Representative Mondcil. Wyoming,
tn" k"pub lean leader said
Il consider the PRESIDENT. message
an eA"yptioualiy STRONG ANA fnrr.Iul
one. do not recall ever having
heard u ease more logically or con-
presented The Presidents
argum"ntS in favor OF legislation
along the lines proposed are unan-
swtrIhic."
i'h- view "f opponents 90 tn. bllI
was expressed hy Representative
Garrett Tennessee. Democratic lead
~ VII" said:
Prom the standpoint ur those who
favor IA" hill the President placed
,tuuIInucd on Page ? Col. l)