National Affairs: The Sale

The Shipping Board announced officially that there was a likelihood of its selling approximately 100 of its 400 ships in operation. Negotiations are now going on as a result of the bids which the Board asked on its fleet last month. The 100 ships would be sold with five or six trade routes. Definite action may not come for several weeks, however, on account of the time necessary in arranging details.

Meanwhile Edward P. Farley took office as chairman of the Board, succeeding A. D. Lasker, and is preparing plans for government operation of...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!