Word: lipp
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Dates: during 1890-1899
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...Subsidizing has frequently proved a most effectual way of building up a merchant marine.- (a) It is through it that England, France, and other maritime powers have attained their supremacy: Bates, Am. Marine, pp. 85-87; Lipp. Mag. pp. 720 seq.- (b) When tried in the United States it proved successful: Hall, Am. Nav., 56-58,- (c) The results of the present system have gone far to justify subsidizing...
...Subsidizing is advantageous for economic reasons.- (a) Subsidizing benefits our merchant marine.- (1) American vessels can compete with subsidized vessels of foreign nations: Bates, Am. Marine, 147; Hall, Am. Nav. 78; Lipp. Mag., 719.- (2) American marine will then be increased by many new vessels: Hall, Am. Nav., 79.- (b) A superior merchant marine benefits our general trade and commerce: Bates, 425.- (1) By offering superior transportation facilities: Hall, 81.- (2) By opening up trade with new nations and increasing already existing trade.- (c) Increased trade increases agriculture and the industrial products of the country: Hall, 80 seq.; Lipp...