Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-12-09
BREAK DEADLOCK
ON SUBSIDY BILL.
Madden Amendment Rejected
and Compromise Adopted
by Committee.
GOES TO SENATE TODAY
Long Fight on Federal Aid
Measure TO Get Under
Way Monday.
lev Associated Press. ]

wAStilNGTON. Dec. s.-Considera-
:ion o: the administration shipping
bill was virtually completed today
by the Senate Commerce Committee
with the elimination of tho Ma>tn
amended attached by the lioust
and Substitution of the Willis-Len-
root compromise. and with the ap-
proval Of moro than half & dozen
other important changes.
The measure will be approved Nm
ally by tho committee and presented
by Chairman Jones to the Senate to-
, morrow and on Monday the lond hard
Genate fight will begin.
Ends Committee Deadlock.
Tho rejection of the Madden
amendment and the approval of tho
compromise substitute ended dead
lock which had existed in the COM
mittee since 1t began consideration
OF the measure Wednesday. The
committee acted after Chairman Las
ker, OF the Shipping Board. had APP
pcared before 1t and had accepted the
compromise on being told that. un-
less either the Madden amendment or
bill could not be. exported. Mr.
laske!, previous TO his appearance
before the committee. had declared
the proposed substitute unsatisfac-
tory.
Gist of Conference.
The compromise, which was suC-
reSted by Senator Willis. Rcpubl-
lean. Ohio. and drafted by Senator
lonroot. Republican. Wisconsin. pro-
vides that tho approval 81 Congress
shall tie required for an increase H..
;he amount OF government aid to
ship operating companies over the
amount fixed In the initial contract
The Madden amendment, which Pres
ident Harding few days ago in
formed the Senate committee wouid
Jeopa rtiize tn. whole government aid
aid through annual appropriation by
Congress.
Tie other changes made by the
= Senate committee in the bill includ-
cd:
Insertion OF provision limiting
The total annual aid 10 lie given 10y
the government 10 ship operating
companies TO $4,000. 600.
Eliminates Tux Exemptions.
Elimination OF sections giving YES.
sci owners income tax exemptions
on pfoMts invested in the building
Of new ships and on receipts from
the sale Of vessels. provided there re-
Ccipts are used 10 build new ships.
Addition OF provision that no
contract between the government and
a sh!pOwner for the extension or
government; aid shall extend more
than fifteen years.
Insertion OF Il provision that no
application for a contract for gov
orumen, aid shall lie refused until
AFTER Public hearing.
Addition OF Il provision that loans
from the construction fund shall not
lie extended 10 corporations for the
SuildinG OF vessels To carry the prod
acts OF the corporations.
Tonnage Requirement Cut.
Reduction from - TO 30 per cent
~ the amount Of tonnage which Il
vessel owner must have under tho
american flag In order 10 receive
government aid
The income tax exemption sections
We're eliminated after the Shipping
Board had Informed the committee
that no special benefit In the produc-
t!on of new tonnage would be de-
rived from such exemptions The
rroviso inserted with respect to the
construction fuXd, II was explained,
would prohibit S.vcrnhreut loans for
Tho building n. Ships 10 such con-
Germs as the STANDARD Oil Company
and the United Fruit Company. which
ust their ships largely To carry their
own products.