Word: merchant
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...until the 10th, when congressional moderates succeeded in having the question postponed until July 1. But on June 11, the Congress appointed "a committee to prepare a declaration to the effect of the said resolution." Its members: Thomas Jefferson, 33, John Adams, 40, Benjamin Franklin, 70, Connecticut Lawyer and Merchant Roger Sherman, 55, and New York Lawyer Robert R. Livingston...
...rice, is much needed in Europe and the West Indies. American shipbuilders, using cheap lumber from nearby forests, can turn out high-quality ships for 20 percent to 50 percent less than their European competitors. As a result, almost one-third of the 7,700 vessels in Britain's merchant fleet were made in the Colonies. American ironmakers, centered in Pennsylvania, New York and New Jersey, have also proved that they are as good as any in the world. Already, America produces one-seventh of the world's crude iron (30,000 tons last year). The ironmakers, like other American...
...regatta, hosted by the King's Point Merchant Marine Academy and New York State Maritime College, was scheduled to be completed Tuesday at King's Point. But after three days of sailing in light airs, the race committee decided to run the final four races on Wednesday, the first day of Harvard's exam period...
...squads split the first two doubles matches. At number one, Waldman and Cliff Adler dropped a second-set tie-breaker to lose the match, but Shaw and Lundy crushed Bob Detrich and Steve Merchant at number...
...world market, costs the oil-rich Russians just $20 a ton. Nor are the state-owned Soviet ships saddled with the interest and financing charges that can account for about half the costs of running a Western vessel. Beyond that, the Soviet merchant marine does not have to show a profit; the state can absorb losses until Western lines cut service, or even abandon unprofitable routes. If that happens, warns A.E. Lemon, director of the British & Commonwealth Shipping Co., "the Russians will be able to raise rates to whatever level they wish...