Word: fleetly
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Dates: during 1920-1929
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...rules of war, as to disarmament, will result in the abolishment of war. The argument that a merchant marine is a necessity to the nation in time of war is still a vital one, then, in consideration of the question whether or not we should retain our merchant fleet, contrary to Mr. Parson's statement in your communication column on Monday...
Your editorial of January 21 on ways and means of preserving the American merchant marine leads naturally to the alternative question of why bother to preserve it at all? Barring the war-time value of such a fleet which our militarists will never allow us to forget, there is every reason to suppose that--contrary to the usual belief--the existence of a large merchant service is an actual menace to the industry of this country. Any reader of Professor Taussig's "Principles of Economics" will tell you that in the long run imports must balance exports and that...
...miles, was handled entirely by Americans and laid by a squadron of United States merchant ships which had been converted into mine-layers, over 70,000 mines having been put out into the North Sea. This barrage was undoubtedly a contributory cause of the mutiny which demoralized the German fleet in the fall...
During the war patriotic orators hailed with enthusiasm the construction of a huge merchant marine, with which, after the war, the nation was to secure the commercial supremacy of the seas. But the American fleet has failed to capture the trade routes from England and other European nations; while foreign tramp steamers are picking up cargoes here and there, sufficient to pay operating expenses, an undue number of United States ships are tied up at the wharves, a dead loss to their owners...
...Most often it results in the loss of efficiency and initiative on the part of ship owners and captains; it thus begets the need for a larger subsidy, until finally the entire operating cost is paid by the government. Such was actually the case with the French merchant fleet; the subsidy finally became so large that a sailing vessel could be sent from Europe half around the world to San Francisco, without carrying a cargo either way, and return a profit to her owners...