New Britain Herald Newspaper, March 28, 1919, Page 5

We want the initlative and skill of want Whatever assistance the government reciprocated by Our ships should be sold at a price world We CHAIRMAN HURLEY OUTLINES PLAN FOR MERCHANT MARINE| Proposes Sale of Government Owned Ships at Prices Fixed By World Market. no watered stock. those who are benefit for similar this new fleet market want tonnage. used for t American ship-operators but we is willing to render should be ed which fairly reflects the current he benefit of the peopie of the United States and not against their larger terests, No express We want our out ators. A transfer of a vessel to foreigr permission fleet number of trade routes important ! be cstablished and developed. of American commerce must Tt is necessary to exercise control which may be charged in Address delivered by HEdward N. Hurley, Chairman United States Ship- ping rine York, In first proposed opera gover: League, National Ma- New 1919. Board, before the Commodore Hotel, March last evening, this address Mr. Hurley, for thc time, gives an outline of his the ownership and for the States plan for built United the tion of t nment by Shipping Board. When I my 7 American night ation program. repre; 70 per cent last addressed you, it was privilege outline to the shipbuilding program. To- I desire to present for consider- an American ship-operating The operation of a fleet 16,000,000 tons of ships, of which is owned by the to you senting Government, is a. problem that should be angle, your that the government, without unneces sary carefully considered from ever presenting this plan for I feel 1 should say .. and best in thought delay, must take a prompt and definite step in giving legislative form to th will count While of shipbuilding achievement quick entht glamour evolv: these and work almos shipbuilding Op Ia ment sort. sary mere could some other with the is, or meet ry. which of the policy approval the war was on, the recital found a ready response from an public. There less glory in the work of ing a policy which will keep ships under the American flag, develop our commerce, but this touches the life of the nation as closely as the emergency program. poses Government Ownership. m personally opposed to govern- ownership, except as a last re- and islastic and is st During the war, it was neces- for the government to build a hant fleet. Private capital never have accomplished this colossal task, involving the éreation of many new shipyards, and the training of a large army of workmen iovernment ownership of © this large flcet resulted automatically. If we are to return to private owner- hip, the transition must be made under such conditions as will com- pletely safeguard the interest of the public. If this fleet, built at govern- ment expense, were to be used now merely for the advantage of groups of ship-operators, with sufficient cap- ital to purchase the ships from the 1 register should be permitfed with- of the gavernment. used for the development 1 and not merely for the development of the private fortunes of ship nation’s commerce aper- of the contract 1,336 similar vessels of 19,275,006 deadweizht tons. If our | present program be cd »d out, there will be und the Amer. n fla next | vear 16,732,700 deadweight tons o | ocean-going steel cargo and pas- ) senger ships. This fleat will be the | cquivalent of almost halt the mer- | | chant tonnaze which blies the seas [ today under the flags of all nations | combined, . The Government wiil | own about 70 par cent. of it. { The economic imporiance of this | great Neet wonld be difficuit to over- | estimate. Upon its successful opera | tion under a sound financial and ad | ministrative plan by vigilant - to the immediate and future wel- ximum rates over the mz freight regular trade routes. government, I would advocate the retention fleet by the government. The problem is complex as that of the railroad problem. Its solution i< vital to the welfare and prosperity of the nation. Private ownership un- questionably offers an inducement to American energy and skill, but one of the phases of unrestricted private which caused me consider- able concern, was the possibility that under such control, ships would be overcapitalized as were of the railroads. We want the initiative and skill of American ship-operators, but we want no watered stock. fo avoid the stazuation that times comes from red-tape and reaucracy, but want no profitee ing nor exploiting. New Fleet Must Be Used. want the new fleet used for the of the people. of the United not against their larger We want it used for the of the nation's com- merce, and not merely for the de- velopment of the private fortunes of ship-operators. No one will deny that our foreign trade, or the operation of American ships, will decline unless there is a profit for the men who invest their money. But whatever assistance the government is willing should be reciprocated hy those who are benefited. Therefore, the na- tion’s shipping policy should certainly provide for such governmental rep- resentation as will guarantee a square deal to the public. 1 think the whole that there must be "of overcapitalization in any part of American industrial or commercial life. The ships built by the nation should never be made the hasis for any stock-jobbing scheme. The mere possession of large capital must not give the larger operator an op- portunity to drive the smaller man business. In the plan T am ready to submit for the best thought and impartial discussion of the country, I belleve you will find that the American theory of encouraging competition on fair terms is amply afeguarded. Our Ships Must Fly American : Flag to Satisfy Our People. | n my rudgment, any wolicy which unhestitatingly of the whole control, many some- bu we We henefit States and interest development nation is agreed no more scandals out of " does not encourage the building and the extensive operation of ships under to render | We want ; the American flag will not satisfy the American people. I believe that a sound policy can he put into the form of legislation and that it will then form a permanent foundation on which further improvements, as the need for them appears, can be erect The United State owns 535 ocean-going steel ‘cargo . ips aggregating %.885,475 dead weight tons In addition it s Government now 1 Should Read Mi has under [ l MOTHER Letter Publis Her Permi ‘ | | Mitchell, Ind.— Lyd | Vegetable Compound i duri ‘ 9 ageous men who have the interest of | American industry and commerce At heart, depends more than upon any other factor the fuiure development of our overs trade .and of the domestie industries which feed it s brief review of the situu- x“ ”Ihn”‘\: «1\‘-n‘m this proposed my housework, i ; months old weighed 19 p (AL off GEaTRm, better than I have for alg That the ships should be sold to| pever had any medici and operated by American citizens | much good.”’—Mrs. PEAR under no rvestrictions other than the itchell, Ind. . terms of the bill of sale and the Good health during ma fixation of maximum freight rates. | most important factor to bot either as provided in Section 18 of the | and chiIA, and many letters: sct approved September 7, 1916, or a% ) received by the Lydia B may be agreed by the government | Medicine Co., Lynn, Mass. and the operator in specific instances. | health restored durmng this tryi The ships should be sold at a price | by the use of Lydia E. Pinkha which fairly reflects the current world | table Compound. market for similar tonnage. Twenty-five per cent. of the pur- | == — chase pr of each ship ghould Déel .o i oo the boakd of dfkec i paid down, the remainder falling due each company shall be named by, t§ i | Auppe Our selections are so varied in patterns, 0 and young men naturally prefer these clothe8 & are different. All wool—hand tailored. o - | 1$32.75,$34.75,$36.75, $48.75 and payable in graded annual install- [ ooCo o0l B SHEE OF D2TREG SoACEHS ments over a period not exceeding- 10 | qraw no salary, | elthor - irom S years. The government should take | W B0 "0 UReE T IROME L and hold a mortgage for fhe unpaid | ¢ SOSTE, PPl RO0 OFREEIE IS \ldlf'nwp.‘ P\Wnrfi:vv\:n:|’:::‘::fitfl‘l::‘::i):’:(,\»l the customary director fee for each the customary co refal e bl S Sieman S per cent. Ome-fifth of this interest, | "0 "i;mmtl'oz‘i“:l‘”-mm i) e " Lo aa : ' | government-named directors, in 0 should be paid_into & merchant ma- | SPVSTAMEnLAmMEd directors. in - the rine development fund to be deserib- [ .\ itnte an official body which will Mw‘];f-m::rpvy;vwer should me required | €Onfer with and advise ‘the shipping to agree to insure and keep insured ;]’:"f“n'ld",f:‘,,‘f:.'h‘.’,I,,,,:eq‘.t:sl'::x“-O‘Pvm' with an American marine insurance | €00 SESECE U o 15 arising : . ? . or guestions affecting the welfare company his equity in the vessel, and | v Pr (795000 25 because the American marine insur-| oD the American merchant = marine, ance market has not at-preseni sufii- | B¢ I_'{"'"g ””‘v"“““’_”-‘“m‘m“ of the ent resources to underwrite all the | MeFchant marine development fund. vessels the government has to sell, the This fund, drawn from the sources government should carry in its own | Previously indicated, should be used fond. as at present, hut for purchas. | to relieve such financial difficulties as or's avedunt. huil and machinery. ip. | M&y be. encountered ih’the develop- Surance aovering that part of the vak. | MeRt of an adequate and well-bal- Sel for Which payment has not been | #nced American merchant marine, made. Opr experience in operation | FOr instance: shows that the government can carry It is foreseen that a number of this insurance for at least | per cent. | trade routes important to the imme- less than the open market rate. How- | diate or future welfare of American ever, it s proposed that the .open | COMMerce must be established and market rate be charged, and that the | 4éVeloped. Some of these routes may difference be paid into the merchant [ not vield stcamship operating profits marine development fund until their existence shall have at- It is understood that no transfer of | lracted an inereaced volume or hetter vessel to foreign registry should be | balance or trade Revenue derived permiticd wihout express permis. | from the carriage of mail, and possi- sion of the government: ble fees for the training of - seamen Each purchaser who wishes to | And cadet-oflicers, may partly com- operate in the foreign trade should be | Pensate losses incurred on these obliged to incorporate under federal | foutes. Still in cases where the gov- charter, the mecessary legislation for | ernment sells a ship upon condition which should be passed by oomgress | that it be operated in a route which without del Such a charter should | May not prove profitable at once, it provide that no stock shall he issued | in excess of the money value actually paid in no stock can 1o an alien. Tt should on vescel issued or transferred be also property. provide and that that one Watch and Wait for the GRAND OPENING THE BEE HIVE The Home of LADIES’ WEARING APPAREL Where Style, Quality and Low Prices will always prevail. THE BEE HIVE 371-373 MAIN ST. NEW BRITAIN, CONN. will be necessary to payment of defaulted the merchant marine fund, in the discretior board or goveroment agency, apon recommendation of the board of government directors, until such time as the route may begin to vield profit When the ships in the route earn their annual interest rate and a profit, one-half the profit earned each year should be paid irto the merchant ma- rine development fund until all mon- eys drawn from the fund on account of the vessel In question shall have been replaced. The other half should £o annually to the steamship stock- holders, Such vessels eruising which fail to prove profitable develorment and. which not serve any purpose of the govern- ment of the United States, may be transferred Ly the government to other routes. However, should the government hecome convinced that any vessel has failed (o make e penses solely or chicfly because of in- capable management, it may fore- close its mortgage on that vessel On the basi one billion dollars | | worth of ships, the merchant marine | development fund would he fifteer | ; million dollars. This amount, - inves. | tigation ~onvinces me, would he more | than sufficient t6 care for all defi- | icies likeiy to develop during this | period. Until stated, provide interest development of the shipping for the other in routes ceptible of sU of sold under the all vessels should { property and should by, the government States. | Control n to Amers ted terms remain be the or operated of United of muke merchant with Rates, sure. that marvine will regard for the order the apera due in from | just { the | Elk Brand Clothes They proclaim gxlertne», good taste and care for details; yet they are never extreme in style or pattern. Men who desire to be ~well dressed invariably select these clothes. §29.75,$32.75,$34.75, $44.7 C. & H. Brand Clothes For young men, who want the extreme in well made clothes, these fit the demand. The models are clever; the fabrics are durable: the co are ever the newest. They’re great, $21.75,$24.75,$26.75,$32.75 jus fors | | B | — SPECIAL FOR SAT. & MON Boys’ 2 Pant Suits New Waist Seam Suits at for Boys at | torests of American Industry and ) ~ g > ) D Wi | control over the wraximum - freizht | PS e » vates which' may e charged in regu- = | lar trade routes. ( The smartest Spring Suits <hown | K.\‘o “tions 16 ,;vn! 17 (;v e, act ap | Eninrtinesl Novzoll TS ot eat Boys in trim waist seam styles, proved September 7. 1918, provide | Tlore Dl Al { j,.,vmm!.ru for unjust discrimination by mixtures, Durable fabrics, well tail- St lorea i Mlnicndid Showing lof e R s e i Ui dependable fancy mixtures. Sizes § | American shipper or port. and they | I ored, in sizes 7. 8, 18. to 18. |'also forbid the collection by common | | carriers in foreign commerce of any = = rate unjustly yrejudicial to Americon | exporters as con:pared with foreign | exporter Section 18 of the same act | avthorizes the fixation of maximum | freight rates charged by common car- | B | riers by water in interstate commerce - ! There remains to be provided | meuns for vreventing the impartial | imposition of unjustiy high rates upon | | all commerce moving into or out of | X the Unit his s maanifestiy | Always Reliable. | nloment, and it is proposed to x 248 MAIN St. NEW BRITAIN, CON! Weaaai i e ) Also Bridgeport and Hartford, | 1Ly owl 11 done | | condition of pariicipating in | AR Rt iy (MR . l the benen of the merchant maring | development fund.