The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1922-07-17
James w. Good Of lows, the chairman
'of the committee on appropriations,
;as. Changes ..ina Subsidy BIZ


the subsidy payment for the so.called
industrial ships, the tankers belonging
to the oil companies and the cargo
carriers owned by the United States
Steel corporation. The amended bill
eliminated the industrial companies
from those. who might: seek deduc-
ton in their net income tax anlpunt-
ing to per cent of the freight money
paid to American-fag carriers en-
gagged in the foreign trade. J..
\, It was further stipulated that IF
the owner of tlteavessels uses them in
whole or in part for the transporta-
ton of, his s'own property, shis'tgross
income attributable ltonthe operations
/ Of the vessels in ,transppr giSaclr
property y shall be considered ot0a be-
|5,such alnotant as is }deterMinGd by the
board and certified .by it to the edw-.
missioner Of Internal revenue, as rep
resenting the fair ,va1ues of. the serv-
Eices performed by the: vessels in trims:
porting such property" & tssIal ~
This means that the INDUSTRIAL; COM
panies will not be permitte dsto carry
If, con,nan sation tbats their. earnings
,wuonl j - low ana thns escana ratnrn.
ing back into the ship subsidy fund
half Of all profits in excess of 10 per
cent. .34gs 3 - s. '..''~
Tho soot, ;, -. oroo+,no +he.,mercbont
msrino navel resarva ',vos oi,minoted
no ;n,,,,,ara+ TO- soot,o,. antIro1v 70.
wr,ttan ,,sara,D- st;nu.o+os aas naar,v
90 nroctica h,a' ona ha,t ~ The total
n1,nhar' ~ in,miara,ts odmitted to
Tho Ifn;tod sta.as' T. onv fiscal wear
vol, 10 40 =, ~ Is II vossnIs repis-
tered or enrolled md licensed under
tho = ,ns 80 an, srin;taa Statos ~ How
ever & was fnrthar. nrovidad that this
section shonld NOT AXE eject until
President. 4 Ja rd,no f,Yed the time by
procla nation ''. NJ q
: '555 .EF ~ i: So ~ w, -
~, speed Limits Lower :; -;
The basic rate !. or subsidy applies
up to ships havinas aBspeed of twelve
knots, and not nd to Is knots as the;
Original. treaty, provided. Most Of the
other mDdifc$tions have been inserted
for the purnosspf limiting the MOVERS
of the Shipping board and clarifying
any legislative difflcultv which now
exists. g 1870. 81 : ss5;, H''{' =
E., Railroads. twuonsaItd4 bo nor,nittedt l. ~
own md on1pesrafe sh,ns IN FOREIGN trade
other than sfdireien, ntiguo,,s territory
and between the United States and The
philinpine islands :The carriers can.
not enter thegscoastwise trade hut
there would he no barrier imnosed nm
der the reyisedsjbill upon q railroad:
owned shin. engaged in the foreign
trade nassinp through tho Panama
canal
A. both rho wht+e House and tho
SHINING hoard the outlook for senate
action IN suhs,1v ,s not ,repar71ed as
good senators have frankly said To
The president durinp The last faw DAVIS
That tho admtnistrat ;on shou,d no we'll
satisfied twitt tho enactment ,of +ariff
Elepislotion' and honus Hesitation at
tha nrasenf session Tho senate tho
president -rao1izes. NAV he counted. on
to debate subsidy for manv weeks
noss,hivss,,,s ~ on+tl onca The 1s,,h,escSt t
H. hro,,ebtf ~ inthaf hodvE The session
of CONGRESS- Which will omen the f1rst
Niondov In December f Il nointed
ont. win. be a short session and not
often does congress- attemnt to enact
important general legislation during a
four-months' session. %T.%22
Tho situation. with resnect to tho
no,,n+rv,s merchant marine verv mon.
erlv calls for the hest tlihnsht IF the
Yimo Tha president and the members
;of the SHINING hoard realize This and
Gin caralv believe. that tho solution of
the nrohlem can come ::o,,1v throuph
,the, application ~ Stile subsidy princi.
1iDle. The opposing school 81. thought
asserts that if the country is ever to
have axmerchantv marine it must be
fttlb6uilt mn without government a ssist-
ance. and this opposing school points
Ito the fact that privateiy-owned Amer
!ican shipping is now making its way
ltlF ,,4, rI.I a..
S ao l1lyt "ooett Doi,i, WIN LUZ -
qaAa s1r VI eeneul ~ Aas opeta. .,
y