Word: steamships
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...more than a decade the 10,516-ton merchantman President Adams has sailed the seaways of the world under the bold, white dollar-sign insignia of the Dollar Steamship Lines. But next week when the President Adams steams out of San Francisco for the Far East and round the world, the familiar $$ will be missing from her single stack. In their place will perch jaunty silver eagles, emblem of the new, Government-controlled American President Line...
...financial rocks by the fair-weather crew of heirs and advisers who had steered it since the death in 1932 of scroogy old Captain Robert Dollar, the round-the-world Dollar Steamship Line was taken in tow last August by the Maritime Commission. Of the $7,000,000 in subsidy and repair and working-capital loans then allotted, $4,000,000 was last week available, $2,000,000 of it earmarked for bringing the fleet up to snuff...
...This week the State Department made public a list of 106 registrants, mostly innocuous advertising and publicity agents hired for legitimate trade boosting. Examples: Batten, Barton, Durstine, & Osborn (Dunlop Tires), J. Walter Thompson (Guinness Stout), branch offices of European steamship lines. A Manhattan public relations specialist, Hamilton Wright, reported drawing $2,000 a month from Egypt, $1,000 from Czechoslovakia, $1,250 from Italy (some of his advertising had been placed through a firm in which Presidential Son Elliott had been a partner). Rev. Dr. Alexander Cairns of Bloomfield, N. J. deposed that in seven months he had delivered...
Nothing slows up a ship like barnacles on the bottom. Last week the U.S. Maritime Commission agreed that nothing slows up a ship line like barnacles on the top. Giving final approval to a deal whereby the Commission took over the devalued Dollar Steamship Lines, Inc., Ltd. (TIME, Aug. 29), Chairman Emory S. Land, with the bluntness of an old sea dog, put the blame for the Dollar Lines' unhappy state squarely at the door of its former owners. He snapped: "They adopted every conceivable device to drain the earnings and the working capital from the company as rapidly...
...Harry Bridges' 8,000 warehousemen were out of work. More important, the Distributors Association had given a demonstration of employer solidarity more convincing than any that turbulent San Francisco had seen since the 1934 General Strike. So bucked up was Roger Dearborn Lapham, board chairman of American-Hawaiian Steamship Co. and new chairman of the employers' strike-born Committee of 43, that he began organizing a permanent employers' federation to undertake collective bargaining and fight the collective labor battle of bosses on as wide a front as C.I.O. or A. F. of L. can cover for labor...