Word: co
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Dates: during 1920-1929
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...fleet and get a mail contract thrown in." To that effect was the high-pressure sales-talk of the U. S. Shipping Board when it advertised its merchant ships. Lured by the lucrative lagniappe, the United States Lines, the Mississippi Shipping Co. and several other corporations contracted to buy fleets and straightway confidently filed applications for mail contracts. The fleets were handed over promptly, but the mail contracts, purporting to "foster U. S. shipping," lingered...
Last month Postmaster-General Walter Folger Brown, perusing a roseate stock-selling prospectus of the United States Lines, opined that no fostering was needed, withheld its mail contracts. Last week Mr. Brown, finding mail bids of the Mississippi Shipping Co. and other Shipping Board fleet buyers higher than those of competitors, again held back. He begged President Hoover to direct him to reject all pending mail contracts until Congress could decide whether the lagniappe should actually go to Shipping Board buyers, or whether, now that the fleets were sold, the contracts might not be given to lowest bidders as required...
First of the shipbuilders summoned was Clinton Lloyd Bardo, president of New York Shipbuilding Co. (subsidiary of American Brown Boveri) ; next Norman R. Parker, secretary and treasurer of American Brown Boveri Co.; then Charles M. Schwab, chairman of Bethlehem Steel Corp.; then S. W. Wakeman, vice president of Bethlehem Shipbuilding Corp. No "tramps in purple and fine linen" are these, no "millionaires in rags...
...There were many serious questions then as to whether or not the company could continue its shipbuilding activities. Accordingly, Mr. Shearer was commissioned by New York Shipbuilding Co. and others to act as an observer only at the Geneva Conference...
...Such observation was the sole question of Mr. Shearer's appointment. If Mr. Shearer, while in Geneva, twisted such limited employment into a broad commission to indulge in other activities, he did so without the knowledge of the New York Shipbuilding Co...