Word: panamas
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Dates: during 1930-1939
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...Philadelphia Record and New York Post, had bought from Mr. Turrou, 15 minutes after he resigned, an "authentic" inside story behind U. S. Grand Jury Indictments of 14 German officials! On two excited pages, embellished with a Nazi air bomb plunging down on U. S. warships in the Panama Canal, Publisher Stern shouted: "ACE G-MAN BARES GERMAN CONSPIRACY TO PARALYZE UNITED STATES!" Tired Mr. Turrou was going to turn out enough articles to run "for several weeks." Said he in Publisher Stern's advertisement: "I Can Tell You That a confidential conference between President Roosevelt and a foremost...
...companies engaged in foreign commerce, this arrangement meant calm seas ahead. But to lines in domestic coastwise trade it presaged disaster. Those that had mail subsidies lost them, got nothing in return. For those operating between Atlantic and Pacific ports, Panama Canal tolls ate heartily into whatever profit remained. For such companies the choice has been: 1) to transfer ships to foreign trade to be eligible for subsidies, or 2) to founder...
Month ago Panama Pacific gave up the ghost, withdrew its luxurious liners California, Virginia and Pennsylvania from coast-to-coast service. Last week the Maritime Commission consummated a smart deal. By wiping out about $10,000,000 of Panama Pacific's debt to the U. S.,* it got title to the three ships. Already operating 47 cargo ships, the Commission planned to use the new ones as the nucleus of a "luxury" passenger and commercial line to the east coast of South America, to vie with the eager efforts of Nazi and Fascist shipping to corner trade in Brazil...
...Contracted when the Shipping Board loaned Panama Pacific money to build the ships...
Last week, Panama decided to start collecting, by hook or crook. Through the authoritative newspaper El Nuevo Diaro, President Juan Demostenes Arosemena let it be known that on a $3,500,000 loan floated in the U. S. in 1923, Panama would fail to make the $62,000 payment due this week...