Iron County news. [volume] (Hurley, Wis.) 1913-1950, 1922-09-23
ARTICLE 8.


inception was the necessity, as GOV /
cred By previous articles, for lquidac
ing the aforementioned feet so
that II would pass into private hands /
end the loss Of Government operation
cause the creation OF a privately
owned fleet that would be rightly bal
snced for war and peace-time needs. /
and insure az the same time that the
art OF shipbuilding in America be
kept alive 10 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 il we put ourselves on a
parity with Britain. the ingenuity Of
America win conquer all other OBJ
taCles
The bill proposes direct aids to
ships in the form OF cash subsidy,
which, 1t is estimated II We should
ultimately develop the 100000 gross
tons needed to carry half OF the over
seas trade Of America, will cost the
national Treasury approximately $50,
100000 Should we reach that point
the losses of $50. 000.0 600 per annum
now incurred In the operation Of the
Shipping Board would long before
have ended
Could Sell Present Fleet
In addition. the bin proposes certain
indirect aids. one Of the chief being
a deduction from income tax equal TO
FIVE per cent of the moneys paid in
freights The purpose OF this proyi.
sion is to insure fuller cargocs.
The bill proposes loan fund OF
Sl25,0O0OO0 at two per cent minimum
interest to aid those who would build
types Of ships we stiu need Without
the passage Of the proposed bill and
this feature, the art of shipbuilding in
America viii wither and die
The desirable tonnage owned by the
Shipping Board under the proposed
bin 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 10 the vast sums that will
come to the Treasury through the
sale OF the ships (which il feels can
not be sold without this legislation,
the curtailment OF operating loss will
. hgEA d. OH
il is proposed that nifty per cent Of ell
Immigrant franc come In American dag
ships This provision alone Viii Insure q
voiuIuo Of business 10 the North Atlantic
that should give as large growth tn our
third class passenger business
Aid Based On piGercntiai.
The bin proposes thar when proper ia
eiliucs exist the president MAY end the
Army aud Navy transport contracting for
our military transportation with privately
owned shins
Looking forward 20 CLOSER go ordination
between rail- ana water transportation
very basic essential toward the expansion
81 our trade the hiu proposes a scheme
for bringing nearer together the lpterstat,
Commerce Commission and the shipping
Board on subjects " mutual interest
fhe subsidy % be paid our ships Is com
puted ou a dfrerential based uu Sc eophi
nation Of speed size aud distance covered
thereby encouraging the building o1 Hen
thar shall be balanced for peace aud war
time purposes alike The basic subsidy
provides that every vessel OF tbc Unite.
States entitled 20 dirt,st std shall receive
suns equal 20 enc halls cent per gross tor
for each hundred miles covered ANA Ia
grasses with eath knot until at twenty
three knots aud over the ship shall receive
l2G cents per gross ton In the discretion
OF tho shipping Board. wherc eSstntiu
lines srs needed and the subsidy propose.
IN the bill is not sufficient subsidy geo
20 double the amonlt provided tor In She
law may be allowed
No ships getting the subsidy are 81 h
paid fog carrying the mails tide e7mpeU
sstiou they would custom8rily resolve vii
ko 80 the subsidy fuud
The subsidy fund is to be derived hy ~
serving ten per cent IT the moneys sci
lected iu duties as a revolving fund
Ne ProHteerlns Possible
limitation " profits is proposed by
the Covers mcnt which while ON thr oui
hand forbidding proateeriug on tbe oJhc
al lnsuros no elimination iu the iUspira
3ton Of initiative and the consequent aiget,
lsion of thc necessary capital Ihi. is ac
complished by proviso that after sEii
has earned ten par ceat on It's capital haJ
tnerchsnt marine fund unit, the MH 3moug
OF She subsidy shall have hcer rclai3
In these articles have briefly aujer
taken 90 sketch the HISTORY pf America
rise and decline on the sea aud the admin
tstrsuoBs plan te restore #ur a,egrasu
marine
II any bsve better program 81 ole.
the Government with an opca miud Nt
De glad TO consider 1t 10 ne out has
bette, program 10 oder Zen tbese 8rf hs
tao alternatives Either adolg ,he F-e~5
dents proposals OF continue the .ae0
cieuey and loss - Government Operation
No there is suu auotheg alternative au,
the Governments operation ana makg az
ranRements 10 sell the Beet ahrJaA or >.Ia
" II hts latter Alternative were ol'ege
BY Congress thene Is Bc doubt 'to a.
mind. tlmt Within only a few weeks 81
America would realize the utter ue,essit
~ its merchant marine for les ucedS au0
= unanimous try w.ui3 ~ mp threukHaE
yhe country demanding M the Gouste>
that the ships be put hacs juto seNie
The farmer che. manufacturer. tht Uta1
alike. would dnd freiEats higher te
les mere WH rala sH
eiiiEed
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