Word: commissioner
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Dates: during 1930-1939
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Then what kind of merchant marine does the U. S. need? It needs, says Mr. Kennedy, 23 services to 600 ports in 120 foreign lands. It does not need tramps. It does not need superliners-("The American Merchant Marine is a service proposition"). Overseas air lines, over which the Commission...
A merchant marine is a definite branch of the National defense. It was a U. S. admiral, the late Alfred T. Mahan, who devised the standard war college formula: Sea power equals naval vessels plus merchant vessels. The Commission estimated that in the event of a war with a major...
The corporate state of shipping is just as sorry as the physical, and there is little likelihood of attracting more private capital. Mr. Kennedy could find only nine companies reasonably sure to survive on the new subsidies. And Mr. Kennedy reported: "The brutal truth is that the American Merchant Marine...
He would give private capital every opportunity. Indeed, most of the changes recommended in the present law were designed to encourage the private operation -protection against unjust cancellation of subsidies, reduction of down payment on ships from 25% of domestic cost to 25% equivalent foreign cost, permission to build abroad...
What will it cost? In the past 20 years the U. S. Government spent $3,800,000,000 on the merchant marine. "We have come today to the end of our once-magnificent armada. Of the 2,500 vessels launched in the mightiest shipbuilding program in history but a few...