Word: fleetly
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Dates: during 1950-1959
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...history at Harvard) swings back to action in the Mediterranean. Though Italy was hardly a navy show, and the British directed its naval phase, Morison makes a brave and lively drama of U.S. ships putting the Army on Italy's beaches and then teaching it to value the fleet's long-barreled line-backing skill...
Under the new program, the U.S. will spend a total of $174 million in ship subsidies for 1955; another private investors will put up another $227 million to build up the fleet. Grace Line and Moore-McCormack have each contracted to replace two of their big passenger vessels (easily converted to troop ships) at a cost of $95 million, of which the lines will pay 53% American President Lines will pay 85% of $65.8 million to be spent for eight new passenger ships and freighters, the biggest such pro gram under the present Merchant Marine Act. For its part...
...Maritime Board has also worked out a whole series of satellite programs to improve the existing fleet and attract capital for brand-new ships. Congress has appropriated $12 million for an emergency repair program to modernize 54 mothballed ships from the reserve fleet, has appropriated another $11 million for a "Liberty Conversion Plan" to experiment with ways of modernizing the entire fleet of 1,500 wartime Liberty ships laid up in port...
...addition, Maritime Chairman Rothschild has pulled a leaf from the auto dealers' book; he has started a tanker trade-in program that he hopes will add 20 old tankers to the reserve fleet and start ten new ones abuilding in U.S. shipyards. Under the new plan, any tanker more than ten years old can be traded in for mothballing; the Government will pay a trade-in allowance that can then be used to build a new ship to replace the old one in active service. Another new idea is patterned after FHA: the board will insure ship mortgages...
...secret of Jim Price's success is that he never starts a house down his assembly line before it is sold, thus keeps inventories of finished units down to zero. Another secret is his fleet of 255 huge trailers to deliver houses to building sites within 400 miles of his plant, thus licking the transportation costs that ruined many other prefabbers. Price sells his houses through some 550 builder-dealers around the country, some of whom gross upwards of $500,000 a year. Biggest cluster of National homes: a development of 2,000 units at Fort Wayne...