To the American Marine Association, gloomily profitless, Merchant Edward A. Filene of Boston, last week, presented some simple arithmetic:
A given transatlantic ship makes a round trip at a cost of $120,000. Filled to capacity, its round-trip revenues are:
100 passengers @ $280, average $28,000
600 passengers @ $160, average . . . . 96,000
3,500 tons freight @ $6, average 21,000
Now, if the space given to the "first class" passengers were reorganized on humbler lines, the ship could carry a total of 1,000 passengers. If it should then reduce its rate to $125 for...