Word: fleets
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Dates: during 1920-1929
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...plan, announced by Mr. Lasker before his retirement (TIME, June 18) and perfected by his successor, Mr. Farley, was for the creation of 18) and perfected by his successor, Emergency Fleet Corporation, which would operate the ships. By this means complete lines were to be built up, with trade names, goodwill, terminal facilities and all the advantages of complete business enterprises. It was proposed to sell the ships in time by the simple expedient of selling the stock of these corporations...
...Shipping Board is looking for a new plan. Meanwhile it has advised President Coolidge that there is no prospect of managing the Government's fleet so as to avoid a deficit. Various factors in the cost of operating ships under American registry add a cost of $5 a ton over that on foreign ships. Therefore the best that the Board can hope to do, is to reduce an inescapable deficit...
...Shipping Board, sitting in Washington, is still vainly trying to solve the problem of the Government's merchant fleet-" the disposal of a liability at a profit." Shipowners and operators object vociferously to the plan of Government operation (TIME, June 18) announced by Albert D. Lasker before his retirement as Chairman of the Shipping Board. The Board in turn is willing to accept none of the owners' and operators' counter proposals. A fragment of the solution was achieved, however, by two sales to private owners...
...April 28 the Shipping Board offered its entire fleet for sale. The Shipping Board considered most of the bids made as unworthy of consideration. Others are still in negotiation. One of these bids was that of the Admiral-Oriental Line for ten 535-ft. steamers operating between the Pacific Coast and the Orient. This line is controlled by the Dollar interests. So when Stanley Dollar, son of Robert Dollar (TIME, May 28), went to Washington, it was assumed that he bore a further proposal in regard to these ships...
Early reports generally agreed that there was a heavy fog at the time. If so, it is difficult to explain why the squadron was proceeding at 20 knots. However, in a despatch to the Navy Department Admiral Coontz, Commanding the U. S. Fleet, said...