The Washington times., 1923-08-20
AMERICAN ships
CARRY MORE !
! FREIGHT:
Constantly Increase The''
Share In Foreign Commerce.
Writes Cousins.
BytW. s: COUSINS.
Z. Copyright. 1898. by Cosmopolitan
News ServIce.)

!. News Service.1
NEW YORK, Aug. 2O.-Anerican
ships are gradually replacing
foreign ocean carriers In TRANSPORT
Ing, our commodities to the markets
OF the world. and in brinGtng
foreign products to our shores.
Henry Herbermann. president OF
the Export Steamship Corporation
declared today. =,
n. In the midst OF chaotic conditions
In, worldwide shipping AWer1cans
should be more aggressive than
ever In rc-establishiffg their lines
Of ocean commerce, no urged.
Amorica Preferred 3
while France and Germany. ard
to some extent England and Italy.
are using up their energies IN
,eensions," said Mr., Herbermann.
"OtI1cr sections Of Europe are cul-
tivaftng new markets. with America
high up on the preferential list.
''Our ships are carrying Amer1-
can manufactured goods to the
Levant. Greece. Turkey. Arabia ana
adjacent Asiaafc countriea. and re-
turning laden with Egyptian cot.
ton. fruits. olive oil and other
valued products. Turkey IL rapidly
forging to the front az Q buyer
Of American goods, anu look Tor
a { big development there in recip-
Eocal trade with our exporters
and importers.
"RecenI Investigations have con.
WINGED me that European shippers
have a great regard for. our ship
ping facilities. They have found
aur. sailing schedules reliable, our
services prompt and punctual. and
our handling of their merchandise
IN transit more satisfactory than
some Of our competitors"
Completing Lines Subsidized.
Mr.. Herbernann also declared
that the markets Of Europe were
largely controlled by the expense
involved In landing outside products
IT places where they are available
for retailers on the other side. Rec
0gnizing this. the merchants and
manufacturers Of the Old World In
vested heavily in ship property. and
were willing to cut freight rates
to the lowest levels. looking else
where. for their profits, he said
THE result Of this policy IL evi.
dent in the ruinous competition
which shippers OF other nations
were compelled to meet" he pointed
out. EFT represented. in reality,
q subsidy for Old World shipping
furnished by other departments OF
Industry and trade, In addition !, ia
whatever direct financial aid ship
ping received from the !. govern
ments." Il II.
While not, advocating directsGov.
eminent subsidy for American
shipping. the head OF the export
Steamship Corpora ton resented tho
:'step.child" treatment which the
shipping industry is receiving from
the Government.
Shipping Entitled to Help.
American manufacturing" said
Mr.. Herbermann, is protected by
the, tariff. To labor 10 extended
the fatherly hand Of the Depart
ment of Labor: railroad interests
are protected by the Interstate
Commerce Commission: the farmer
receives the benefit Of the scien.
tific research Of the Department
Of Agriculture. g. Who IL looking
out for. the interests Of the ship
ping inlNstry3'
The greatest drawback > In
nbAt0%AETAu SGuppIuB tOQ&yS ne SdlCt
undoubtedly, was the low rates for
freight transportation. mo con.
servatively conducted shipping
company can make a return on
invested capital on existing rates,
despite. the fact that some Of them
are still paying fictitious dividends
on their war profits.". he. asserted
When you consider that II
costs no more :. to carry a ton OF
freight 5000 miles over, the ocean
than for moving the same goods
Fsx miles from downtown, to up
town New York. you realize the
small margin on which the ocean
carriers operate" .a,~
Mr.. HeFbermann predicted an
analGamRtton Of. a number Of the
British shipping :. companies as q
result of the, necessity for cutting
down. overhead expenses.