Word: leviathans
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Dates: during 1930-1939
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...scandalous" revelation which Mr. Mitchell had to offer the Commerce Committee last week concerned the Leviathan. In 1931 International Mercantile Marine, which controls United States Lines, which owns the Leviathan, contracted with the Shipping Board, a division of the Commerce Department, to run that old ex-German monster for five years for a $3,000,000 subsidy. Last winter, I. M. M. struck another bargain with the Government whereby it could lay up the Leviathan but keep the $1,720,000 which it owed the Government in liquidated damages for retiring the ship by agreeing to build a new ship...
...would have occurred if Mr. Mitchell had revealed that the Declaration of Independence was signed July 4, 1776 at Philadelphia. It had all been hashed out by Comptroller General McCarl, was an old story. Not even the Committee's Republican minority was free to get edited about the Leviathan subsidy, because Republican Kermit Roosevelt is an I. M. M. vice president...
...seized the huge craft as enemy property, renamed her Leviathan, rebuilt her as a troop transport. In ten trips she carried 95,000 A. E. F. troops to France, brought 80,000 home. Awarded to the U. S. under the Versailles Treaty, she was reconditioned as an oil-burner in 1922 at a cost of $8,000,000. Returned to transatlantic passenger service in 1923 by the U. S. Shipping Board, she turned up huge losses, spent much of her time at her Hoboken pier...
...Shipping Board sold her to International Mercantile Marine which contracted to send her on seven transatlantic trips a year for five years. IMM lost $500,000 on Leviathan, the first year, promptly clapped her back in her Hoboken hideout. Last spring, after spending $150,000 on improvements, IMM took her out again. She lost $143,000 on her first trip, was only half full on her fifth...
...years the Leviathan has carried more than a quarter of a million passengers, has never made a cent for her owners. Last week IMM found her so depressing a liability that it was willing to pay the Government $500,000 for permission to retire her permanently. She will be kept in running condition until the end of 1936, will then probably be taken over by the Navy for junking. In her stead IMM will build a 30,000-ton super-cabin-liner at a cost of some $12,000,000, as running mate to the popular and profitable Manhattan...