Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1922-09-23
ARTICLE 6.

inception was the necessity as GOV
cred by previous articles for hquidal
ing the aforementioned fleet so
that it would pass into private hands
end the loss Of Government operation
cause the creation OF a privately
owned fleet that would be rightly bal
anced for war and peacetime needs
and insure at the same time that the
art Of shipbuildlng in America b.
kept alive in face OF the tenyear naval
holiday
The President has proposed to the
Congress the enactment Of a series Of
aids that will put American shippers
on the same basis with Great Britain,
whose costs are next highest to ours
feeling that If we put ourselves on a
parity with Britain. the ingenuity OF
America gi!l conquer all other OBJ
tacles
The bill proposes direct aids TO
ships in the form Of a cash subsidy,
which 1t is estimated II we should
ultimately develop the 100000 gross
tons needed 10 carry half of the over
seas trade Of America, will cost the
national Treasury approximately $780,
100000 Should we reach that point
the lossea of $4,000 600 per annum
now incurred in the operation of the
Shipping Board would long before
have ended
Could Sell Present Fleet.
In addition the bill proposes certain
Indirect aids. one Of The chief being
a deduction from income tax equal to
Ave per cent OF the moneys paid in
freights The purpose OF this proyi-
sion is to insure fuller cargoes.
The bill proposes a loan fund OF
Sl25 900 900 at two per cent minimum
interest to aid those who would build
types OF ships we still need Without
the passage Of the proposed bill and
this feature, the art of shIpbuilding in
America win wither and die
The desirable tonnage owned by the
Shipping Board under the proposed
bill will be disposed OF at world mar
ket prices to American buyers. thus
aiding the buyers to escape the handi
cap Of initial high cost
The Government believes that in
addition 70 the vast sums that will
come to the Treasury through the
sale Ot the ships (which II feels can
not be sold without this logislation),
the curtailment OF operating loss will
more than offset the subsidy charge
II is proposed that NIFTY per cent Of ali
Immigrant trainc come In American dag
ships THIS provision alone VIII insure "a
volume Of business IN the North Atlantic
that should give us large growth ia our
third class passenger business.
Aid Bassd ON Dlncrential
The bill proposes thar when proper Ia
ciliurs exist, the President max end the
Arm, aud Nayy transport contracting for
cur military transportation with privately
owned ships
Looking forward to CLOSER coordination
between rail- ana water transportation "a
rer, basic essential toward the expansions
ef our trade the hAi proposes scheme
for bringing nearer together the Interstate
Commerce Commission and The shipping
hoard on subjects Of mutual Interest
The subsidy TO be paid cur ships Is eom
puted on dircrential based ou 81 cunh
nation Of speed, size and distance covered
thereby encouraging the building of fleet
that shall he balanced fer peace aud war
time purposes alike The basic subsidy
provides that every vessel of he United
States entitled Go direet atd shan receive a
sua equal 70 one half cent per gross ton
for each hundred miles covered. aud ia
creaseS with each knot until at tWent!
three Knots ana over the ship shall rcreiye
ia vents per gross ton In the di~eee,tun
OF the shipping Beard. whero e~seuua
liues airs needed and the subsidy proposed
81 the bill is not sufficient "A subsidy uH
70 double the amount provided for Ina til,
law may he allowed
No ships getting the Subsidy are Go bee
paid for carrying the mails the tumleN
sstiou they would customarlly receive Wiz
~ 90 the subsidy fund
The subsidy fund is to De derived by re-
serving ten per cent II the money IS col
lected IN duties as a revolving fund
Ne Proateerinx Possible.
limitation " profits is proposed by
the Government which while GA the one
hand forhtddiag proAteeriuS on the other
shs al insures no elimination In the iusptra
Ntion OF initiative and The conseQ ueAt attrav
sion of the necessary capital This s ac
compltshed by proviSo that after ship
has earned ten per cent on Its capital. halt
OF the earnings shall be returned ~ the
inerchant marine fund uBt!! the tul amount
OF She subsidy shall have been repaid
In these articles I have briefly uuder.
taken 60 sketch the history ~ America s
rise ana decline on the sea aud the admin
istrsuons plan "a restore uur merchant
marine
II any have a better program Go ofet
the Government with an open miud Ntl
be glad TO consider # u no one has q
better prosfssS ~ oder t1ou ther, ar,t hut
tao alternatives Esther adopg the Pycsj
dents proposals or continue the .uaM
cheney and lass ~ Government operation
No there is stil another alternative ant
the Governments operation and maze ar
rsnxements 70 sell the heet abroad or s,raq
ln. II this latter Alternative were catered
by Congress. the@ is no doubt TO my
mind. tF@t Within only a few weeks al
AmericE would realize the utter ne,v>sit,
~ It's merchant marine for IT'S needs aut
a unanimous cry weuld 80 mp throukhoU.
the couptry demanding * the Cong
that the ships be put hack info SerNlr,
The farmer the manuta turer. che wiet
alike, would hnd froights higher. de. .a-
ice lore Uneatalo a"' -s.
ofiiEed
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