Word: federalship
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...high seas, 300 miles southwest of San Francisco, two six-pound shells from the U. S. Coast Guard boat Algonquin splintered the deck of the Federalship, a Canadian rumrunner flying the flag of the Republic of Panama. When the smoke cleared, Captain Stewart S. Stone of the Federalship stood upon her bridge with his hands up, signifying surrender. His ship was towed into San Francisco. On board were 12,500 cases of Scotch whiskey valued at $1,000,000 and 19 young adventurers...
...said Captain Stone. Perhaps he did not know that Panama had approved an agreement with the U. S. whereby any ship "guilty of habitual smuggling or piracy against a friendly nation" automatically forfeits its registry. However, a long battle in the Federal courts remains to be fought over the Federalship and its clinking cargo...
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