Word: america
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Dates: during 1890-1899
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DEBATE OF MARCH 13, 1890.Question: "Resolved, That it is for the interest of the United States to subsidize steamship lines to Central and South America...
Best general references-W. E. Curtis's Trade and Transportation between the United States and Spanish America, North American Review, 148, p. 687; Congressional Reports, Nos. 18, 48 and 149, 39th, 40th, 41st Congresses, 1st, 2nd and 3rd sessions...
...present trade with Spanish America ought to be increased Curtis...
...only presumable object of such a subsidy would be (a) to restore by temporary encouragement the prosperity of American shipping. (b) to build up a prosperous trade with South and Central America; (c) to create a class of vessels available for war purposes-Majority report of Joint Select Committee of Congress on American shipping, House reports. 2n session, 47th Congress, vol. 1; Proceedings of the Pan-American Congress; Lalor's Encyclopaedia...
...argument of "building up a prosperous trade between the United States and Central and South America" does not justify such a subsidy; (a) Under the present high duties of the countries in question such a trade is impossible-House reports, 1882-83, I. 17-18; D. A. Wells, Our Merchant Marine pp. 202 208; Nation XLIX. 265 (b) Under low duties no artificial stimulus will be necessary for trade...