The sea of ships is boiling once more. What will the Government do with its merchant marine? The plan of Government operation, or rather of operation by subsidiaries of the Emergency Fleet Corporation—the stock of which companies would be entirely Government-owned—was two months ago supposed to be the order of the day. Meanwhile private shipping interests have protested vigorously and suggested alternatives, none of them, acceptable. The Shipping Board itself is not united as to the proper course of procedure. Conferences continue as to the possibility of consummating the sales of certain...
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