The evening world. Newspaper, February 23, 1922, Page 9

SAYS CONG Whole Scheme, He Adds, “Would Be Monstrous and Indefensible” if Carried Out WOULD DELAY SALE, To Dispose of Ships Now, It Is Arguéd, Would Be to Get Inadequate Prices. —— jal Despatch to The Evening World.) WASHINGTON, Feb. 23.—The Ad- ministration plan to -"! the entire fleet of vess's owned by the United States and sell them so precipitately aa to insure a minimum realization fom the huge investment |s brinsing protest in .vngress. Representative Davis, Democratic member of the House Merchant Marine and Fisheries Committee, Is one of the first to pro- test against the scheme sponsored by Chairman Lasker to sell the ships ‘on a rising market’ in connection with the proposed ship subsidy. Und. thy plan announced a few days ago, bids will be closc | March 14, According to the most optimistic pre- diction of the Shipping Board officials, the tota! ~ 1.470 ships is expected to net the Government around $200,009,- 000, or an average of $20 per ton. This ts less than one-tenth of their cost. Chairman Lasker's plan, as in- folded to members of (0 merchant marine committees of the two branches of Congress In executive ses- sion recently, contemplates (arowing certain restrictions around the sale in order that the vessels will be :old in approximately half a dozen fleets to companies that will ply them on se- lected routes, 12 to be employed in the Pacific trade, 5 in the London service, 2 on South American routes and 4 on the Bremen schedule. WOULD USE “SHIP SUBSIDY” FOR INFLATION. The scheme now is to put all sos- sible pressure behind the ship sub- sidy movement and try to get the wenefit of whatever inflation of prices this will insure before the sale March 14, However, it is apparent the subsidy cannot pass Congress by that time, if at all. Representative Davis showed the great loss which the United States Government must take by this sale at a time when there is no market, and charged that in selling the ships under these condi- tions the Shipping Board is violating Section 6 of the Merchant Marine Act of 1920, which stipulates that such sales shall take place “as soon as practicably consistent with good ‘business methods,” and that the oard shall take into consideration “conditions that would influence a prudent solvent business man in the sale of similar vessels or property whieh he is not forced to sell.” “It was stated in the newspapers that the sale of the fleet is in line with the Administration's declared de- termination to get the Gov out of the shipping busines: Davis. ‘tT too am in favor of getting the Government out of the shipping business as soon as possible, but the Shipping Board has no authority to sell this immense ficet, representing an Initial cost of about $2,500,000,000, except in the manner and under the conditions explained in Section 5 of the Merchant Marine Act." He quoted statements of Chairman Lasker and his shipping experts and also Chairman Madden of the House Appropriations Committee, to the ef- fect that the board had no intention of selling the ships until conditions improved. “All of these authorities were un- SUBSIDY WOULD MAKE GIFT OF U.S. SHIPS TO NEW OWNERS, RESSMAN DAVIS doubtedly correct in their statements, and there has certainly been no change in conditions since those ut~ terances were made,” said Mr. Davis. “Consequently we may well inquire as to what is the purpose of the Ship- ping Board now throwing all of our ships upon the market. “From the standpoint of the Gov- ernment and the taxpayers it would certainly be a monstrous and indefen- sible proposition practically to give these ships away, and then subse- quently enhance their value, as it is predicted would be done by the enact- ment of subsidy legislation. Some of the newspaper articles stated that It was intended to sell the vessels on a rising market, presumably in antici- pation of subsidy legislation. How- ever, in view of the past fate of pro- posed subsidy legislation, it is foolish to think that a mere prospect will materially stimulate prices. “Furthermore, it is intended by those in authority to enact subsidy legislation, and if it is known that such can be done as ts declared, why not ‘vait until after the enactment of such levislation and then sell the ships after the market has actually ad- vanced, instexd of selling on the nebu- lous prospect of ‘a rising market? "* Certainly nobody is ft to believe that subsidy legislation can de enacted prior to the closing of bids on March 14, less than three weeks hence. No bill for that purpose has even been introduced, no hearings have been held before any committee of the House or the Senate. On the other hand, when the proposition is definitely presented und the people are neard from, it is more than likely that Buch Ic-islation will not be enacted at all, “There is nothing more certain than that it will not be enacted by March 14, Consequently, in any aspect of the this fleet at this time, © improvement of shipping | conditions, and even prior to the pro- posed artificial and superficial sti ulus, is in direct violation of the au thority vested in the Shipping Board. Will it be contended by any mem- ber of this House that such a sale would be ‘consistent with good busl- ness methods,’ or tha’ it would be made under ‘conditions that would lish influence a prudent solvent business man in the sale of similar vessels or property which he {s not forced to sell’? \ INIQUITOUS CASH BONUS woutp| BE “GIVING AWAY” FLEET. “Even if the proposed subsidy leg- islation is enacted and the ships are then sold for $200,000,000, how would | the Government come out? The act provides that the vessels may be sold on not exceeding fifteen years’ time, | and it may be reasonably inferred that | most, if not all, of the purchasers| would purchase on the basis of the time limit. In addition to indirect subsidy it is proposed to pay an an-| nual direct cash subsidy of $30,000,- 000. In fifteen years the direct sub- sidy would amount to $450,000,000, in other words, it would involve selling these vessels on the outset for less| than one-tenth of their cost and at one-third or one-fourth of what their value would have been in normal! times prior to the World War, or of what their market y..tue will be when conditions and prices again become normal, and then on the form of a! direct subsidy we would be paying | the purchasers all that they had con- | tracted to pay for the ships and $250, - | 000,000 as a ar net bonus. “This bonus would be paid as rap- idly as their purchase payments would accrue. In other words, the iniquitous | Proposal would amount to absolutely giving away our entire fleet of 1,443 steel vessels besides the 276 wood and| concrete vessels, and then giving the private owners a direct subsidy of $250,000,000 additional, besides indirect subsidies, I do not believe that even this Congress will stand for any such proposition,"* | | Making Shoes, Friends, ana Profits Walk-Over Shoes are good shoes because the makers know that to earn profits today and tomorrow they must make good shoes. They know that to make good friends for Walk-Over Shoe Stores today and tomorrow—and keep them—they must make good shoes and keep on making them. Waln-Over Shoes for Men and Wamen New York City Stores 9 510 Fifth Avenue, between 42d and 43d Sts. 179 Broadway, near Cortlandt Se. 1173-75 1355 Broadway, news Gates Ave. 565-7 Fulton St!, opp. Hanover Place 5406 Fifth Avenue 1432 Broadway at 40th St. Broedwey, near 28th St. 1625 Broadway, near 50th St. 622 W. 1) 150 Bowery at Broome St. ae Bronx—ss7 Yonkers, N terson, N. Poughkeepsie, 252 W.125th St Melrose Avenue, near 149th St, 181 Market St. N. Y.—297 Main St Complete line of Phoenix and Van Raalte Hosiery enough | ny; Se a on . THE EVENING WORLD, THURSDAY, FEBRUARY 23, 1922. HARRY CLAY BLYE DIES OF PNEUMONIA Wan Retired Lieut.-Com Navy—5O Years in Railroad service. Harry Clay Blye, seventy-nine years old, retired lieutenant commander of the navy and for forty-five years general agent of the Trunk Line Association, bi No. 143 Liberty Street, is dead from pneumonia at Monticello, N. Y. Mr Blye was one of the best known figures in railroad circles and only last month completed a half century of railroad service. Serv! will be held Saturday at Campbell's, 66th Street and Broad- way. Masonic and other bodies will take fn 186 Pi Mr. Blye joined the navy served with Farragut through the Cl War, He built the coal station for the Pacific Mail steamers on Midway Island. Later he was shipwrecked on Ocean Island, where he and other vivors lived sixty-three days on gume and vegetables. A row boat w fashioned from trees on the fsland and a crew of five started to row to Hono- lulu, a thousand miles. Four perished, hut ‘the fitth was picked up by a ship near Honolulu Harbor. sent a warship and rescued those | the island. His home was at Buby- lon, L. I a ata HEAVY PENALTIES IMPOSED ON THUGS Six Convicted of Mold gremate of 106 Yea County Judge Gibbs in the to-day passing out sentences to high- waymen who had pleaded guilty, ex- pressed the hope that the law would be amended, giving life to highway- men caught with firearms, He then gave six who came before him sen- tences aggregating 106 years ; Joseph F. Oats received trom 15 30 years, He with a companion timed Valentine, who was shot to death, robbed a United Cigar Store. Two detectives, MeCarthy and Co nell, were shot in the fight; both are still laid up. Oats admitted to cight hold-ups The five men who held up Glick- man's cafe and obtained $1,000 from twenty-two patrons on Nov. 7 re- ceived sentences as follows: 1 Lovinger, seven to sixteen years: Steve Lang, ten to twenty years; Max Sehw four and a half twelve y Barlent Fleisig, eight to sixteen years, and Anthony (Can cellero, six to ten ¥ Bronx, to ae CRUSH ON “L” BREAKS WINDOW, CUTTING TWO Woman and Man Injored at Sta- tion by Glans. Congest on the Broadway-Myrtle Avenue ©€ ted station in Brooklyn due to the fog was so heavy during the rush hours this morning that a pane of glass in a window of a RB. R. iT train bound for Manhattan was smasher W. & J. SLOANE FIFTH AVENUE: AND 47TH STREET, NEW YORK CITY A shipment of attractive and desirable Oriental Rugs recently received has been placed on sale at prices which we confidently believe represent unusual values. Persian Gorovans sue9:12 .. $250 This type of rug is particularly where exceptionally good wearing Persian Mihrabads .e9.12 . . $400 Chinese Rugs ‘Then the navy | In by the crush gn the station plat- form and two peraons were cut. Samuel Desmen, twenty-six, a sales~ mn, of No. 1014 Lafayette Stre Brooklyn, and Guasie Imber, nin teen, of No. 685 Gates Avenue, Brook- lyn, were the victims, The young woman was cut on the right leg and the man on the right hand, ‘They *e and Canal et station by steer Hospital Rothenberg of ‘TWO DIE OF GAS FUMES, ONE BELIEVED SUICLDE Max Poppes, sixty-eight, No. 1426 Avenue A, committed suicide by inhal- Ing illuminating gas In a furnished room at that addreas to-day, John Haltin, twenty-two, To. 260 West 30th Street, is dead as @ result of going to sleep last night with the gas I lighted In his room, A gust of wind blew out the fame, SHERWIN Ih. Mrs. John Sherwin Crosby, former Prenident of the Women's Democratle Club and Delegate-at-Large to the last National Democratic Convention, ts nert- ly I at her home, No. 27 West 82d et. She ts said to be suffering with Bright's disease and heart trouble. MES, JOHN onosny Stern Brothers West 42nd St. Dress Dress Dress Canton Crepe... SILK DEPARTMENT=—SECOND FLOOR. Satin (Italian) : Satin (Lyons) . Dress Taffeta (Lyons) Taffeta (Lyons) Satin Charmeuse .. Satin Charmeuse . Satin Canton (Pebbleface) (Between Sth and @th Avenues) FOREIGN: * AMERICAN 40 40 40 Oriental Rugs to spaces ity is demanded, such as executive offices, doctor’s waiting rooms, en- trance halls, dining rooms, ete. Mostly of all-over Persian designs with deep rich color- ings. 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Sloane Vacuum Cleaner Complete with eight attachments Strong in construction—simple in operation Effective in results Free delivery to all shipping points in the United States 48) | POURTERNTH STREET Feumded /827 WEST OF FRIDAY SATURDAY Lower-Price Events in Newest Spring Fashions for Misses and Women Misses’ and Women’s DRESSES of Roshanara Crepe Special 22.50 The model pictured is one of our many attractive Spring styles. It comes in Periwinkle blue, with beige streamers and pipings or in navy blue with beige or French blue trimmings. Krepeknit dresses in a new sport model and pretty taffeta dresses at this price also. Misses’ and Women’s SPRING SUITS of Tricotine 36.50 Were $44.73 Suits with the new panel trim- ming of narrow folds, shoe string belt come in navy blue and black. Sizes 14 to 42. "Model is pictured —other models at this price. SPRING HATS a7 Were $7.50 to $10.00 Majority of these hats are sam- ples, so of course there are few duplicates in the selection. There are large hats, small hats and medium hats. Some have flower- faced brims, the new double tier brims or broad brims with em- broidery or hand painted designs in lovely colors. Smart bows, novelty pins, flowers, beads and shells are among the diversel) fascinating trimmings whic make these hats so charming. The value is quite extraordinary for an early season offer. Plaid-Back SPORT COATS for Misses and Small Women 28.75 Were $39.73 Coa ts of the finest plaid back materials, are splendidly tailored ina new sport model for Spring, warm enough tor immediate wear. Tan or gray. Model is illustrated. Misses’ and Women’s athe SKIRTS 4.95 { \4 Were $8.97 Tweed and prunella cloth skirts in the wanted shades and plaids for Spring. Tweed skirts are plain tailored, prunella skirts are box plaited, Sizes 24 to 32. One is illustrated. > See Pages 27 for Other Hearn Advertising SSS Eee | a | i